Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.20 0.47% 902.30 899.10 899.30 903.00 894.40 899.90 7,051,145 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 14,540.0 1,754.0 36.5 24.7 32,024

National Grid Share Discussion Threads

Showing 7976 to 7999 of 8075 messages
Chat Pages: 323  322  321  320  319  318  317  316  315  314  313  312  Older
DateSubjectAuthorDiscuss
24/2/2021
00:51
Pierre if and its a big IF NG have to cut Divi's we would see the share price fall how big a fall we can speculate but to assume it falls by say 10% or more it would take us into the 7.00 to 7.50 range it will hurt sentiment greatly. I think you will agree that as a utility the dividend is the most important stick to measure this Company by and why we all hold the share. Good point Newbank I do agree they can pay the dividend even if they appeal but they may still have to throw a questionmark over future dividends if their appeal is not successfull they can hardly say we will continue to payout and grow dividends regardless of the result of the appeal. The market hates uncertainty and thats why the share has under performed against the market.
mark1000
23/2/2021
23:56
Hi All, We can only wait for the decision whether to refer to the CMA or not, which NG will announce to the City soon. No point speculating on dividend, because when the water industry referred Ofwats decision to the CMA and won, there was no reduction in dividends at all. Bear in mind final dividends resulting from the final results is what has been earned from RIIO I. If you look at SVT (Severn Trent), they actually increased their final dividend by 7.5% I don't want to speculate, but if NG did appeal then it may not be that bad a deal, as Boris's future plans for a greener energy system can be put into jeopardy if NG are not singing from the same hymn sheet, so to speak. With the massive Climate Change World Conference in Glasgow in Nov, Boris won't give up the opportunity to be seen as a world Statesman fronting a new greener world, giving him a boost in status which personifies his whole personality. AIMO Not long to wait.
newbank
23/2/2021
18:37
From the RIIO-2 document, I enclose the parts I think will be the most arduous: • A 16% downward adjustment (on average) to the levels of funding that companies asked for in their Business Plans, reflecting our overall efficiency challenge to them to do more for less • A great proportion of costs (33-50%) saved by network companies under RIIO-2 to be shared with consumers • Greater accountability for what companies are asked to deliver, with around 50% of baseline allowances for gas distribution and 70% of baseline allowances for transmission linked to either uncertainty mechanisms or Price Control Deliverables. This will ensure network companies are only paid for what they deliver, and consumers are refunded for work not carried out • An ongoing efficiency challenge of 1.2% per year across most of the gas distribution and transmission bases, compared to an average efficiency challenge of 0.8% in RIIO-1 • The cost of equity reduced from approximately 7.8% RIIO-1 (CPIH) to 4.55% in RIIO-2 (at 60% gearing), with allowed returns forecast at 4.3% to reflect expected outperformance of 0.25%. The above is a straight copy and paste job, however without knowing what the company submitted it’s only one half of the equation. Given that NG were quite unhappy with the proposals I can only imagine they are more than a little far apart. One can’t add up the percentages because it’s not the way it works but it must build up from at least a base of say 25% impact ...🤷‍♂️
cocopah
23/2/2021
17:58
Hi Mark1000 and thank you. I got lucky at the end of 2019 having held for a few years when I re-evaluated the company and sold at 1040p. FWIW, I bought back in today at 828p as it looks good value, again, to me. I have factored in a likely dividend cut due to Ofgem etc., bearing in mind, it's fallen 5.5% since RIIO-2 was published on December 8th.
boystown
23/2/2021
17:47
Mark and coco - What assumptions and estimates did you use to get to those estimates? Wouldn't mind seeing the numbers and working out you used. (I haven't done any yet).
pierre oreilly
23/2/2021
17:39
I agree that the share price is bearing all the weight of RIIO-2. Has anyone done the numbers on the impact this will have on National Grid if the appeal is rejected? I’m thinking a 50% reduction in dividend and a share price in the 7.00 to 8.00 range?
cocopah
23/2/2021
12:20
Boystown a lot of risk on this share at the moment as I see it the crucial decision do they appeal or not the Ofgem 5 year price deal. If they do they can hardly keep pressing on with the current divi they have to at least pending the decision hold back part of the divi. This shares all about the divi so reduce the divi by 20% expect the share price to fall by 20%. My hope is they accept the Ofgem deal and reconfirm that they will continue the current dividend policy. I think taking away these uncertainties would take us back over 9.00 if they appeal we could see 7.00 IMHO.
mark1000
22/2/2021
18:31
To me, this feels a bit like the same time of year in 2000. All the tech stuff that could never possibly justify their share prices via earnings / yield, in a hundred years were rocketing, whilst big, profitable blue-chips / industrials etc., were at low points. It proved to be exactly the right time to switch. It's slightly different, as a lot of high yield / solid stuff has done well of late, but NG has been slammed - and far too far IMO, whilst techs and crypto etc.... well! Similarly, there's been a lot of irrational small cap exuberance.
boystown
22/2/2021
17:25
Anywhere around this price is a great buy
smith99
22/2/2021
16:50
Shirley a great buy at this price??? (no current pos'n)
boystown
22/2/2021
16:33
All the way down until £8?
lennonsalive
17/2/2021
09:31
Newbank many thanks
mark1000
17/2/2021
08:55
Ofgem published its decision on proposed mods to licences for RIIO-II on 3 February. NG will work through the document, and either accept these changes, or appeal (some or all of the proposals) to the CMA. They have 20 working days to do so. Hence the approx date of early March,....approx 3rd/4th March.
newbank
16/2/2021
16:49
Newbank do you know latest date in March I assume an RNS on that date to confirm if or if not they are going to appeal. The higher exchange with USD is depressing the conversion into GBP profits does anyone know if NG hedges the USD/ Sterling exchange rate? The share price seems hugely depressed against a rampant bull market.
mark1000
16/2/2021
14:42
National Grid will decide whether to accept Ofgem's final decision for RIIO II early March.
newbank
11/2/2021
08:09
Ian, I think it was somone called Byicycle man or similar who prompted my post from a couple of weeks ago. I asked him some direct questions about his views and was hoping for some engagement but unfortunately he didn't reply, hence the delay.
pierre oreilly
11/2/2021
05:28
Pierre - when I asked about battery storage, I had the likes of GRID in mind rather than Tesla Powerwall
ianguerin
10/2/2021
16:27
Mark, Or NG sells the UK regulated business and tells Ofgem to get someone else to be their puppets. NG has been fair and honest and Ofgem are just taking the proverbial. If NG ever sold the UK business to the Chinese, French or Germans, I would love to be a fly on the wall when Ofgem tries to tell the new owners what to do. NG just want a level playing field where business can attract investment. NG shareholders are not a charity.
utyinv
10/2/2021
14:19
It might sound strange but I do not want NG to appeal the OFGEM decision re the 5 year contract instead I want a statement saying that the settlement though tough the board will continue with the current dividend policy with RPI inflation increases. When the 5 year dividend track is made clear we will see the share price back in the range 9.20 to 9.80 and higher in the run up to the June div back over 10.00. If they appeal the OFGEM decision they are almost duty bound to hold back at least part of the June divi pending the decision. Then if the appeal goes well the divi can be restated in full if the appeal fails then a reduced divi even if NG could afford to pay out the full divi.
mark1000
09/2/2021
16:44
OFGEM a niggle and always will be since I started work for the gas in 97, but BG/Transco/NG. always survived and have delivered slow boring growth and go dividend.
lennonsalive
09/2/2021
16:15
Bond rates may be part of the reason but I give more weight to the following. The exchange rate with the dollar has reduced GBP Group profits by say 5% as the £ has strengthend by say 10%. The recent OFGEM settlement with a question mark over an appeal leaves the all important question will the divi be maintained will it continue to grow as often said the market hates uncertainty. This share is supposed to be safe and boring the last eighteen months has shown this not to be so. You had a Labour Party wanting to renationalise without fair compensation. Ofgem is in a war with NG to drive the hardest possible bargain to get a settlement. Now headlines about spliting part of NG. Folks accept lower returns on Utilities because of boring predictability take that away folks want higher returns this translates to a lower share price
mark1000
08/2/2021
14:14
current share price weakness is due to increase in bond yields, nothing to do with the potential forced sale.
unastubbs
08/2/2021
09:44
Uty, I too have had similar discussions with John Pettigrew. It's so very clear what the Money Men are trying to do. They are well aware of panic they will send to the Private Investor in order to get your shares cheap. They were spreading the same doom and gloom, as you refer, when NG was forced to ring-fence and then separate out Pumped Storage Generation (which National Grid used to own), because National Grid did not have a Generation License in the UK. Look at the share price then and compare it to today. Too many people are trying to manipulate the share price by publishing old news.
newbank
08/2/2021
09:05
I have personally advocated NG getting rid of the SO business to JP (CEO) himself. I remember having that conversation with him, saying it brings in so little in comparison with other elements of the business, but attracts too much stick from OFGEM, ie, it isn’t worth it. I know he was of the same opinion.
utyinv
Chat Pages: 323  322  321  320  319  318  317  316  315  314  313  312  Older
ADVFN Advertorial
Your Recent History
LSE
NG.
National G..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210417 18:01:10