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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
  0.00 0.0% 930.00 930.50 930.70 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 14,540.0 1,754.0 36.5 25.5 33,007

National Grid Share Discussion Threads

Showing 8001 to 8025 of 8075 messages
Chat Pages: 323  322  321  320  319  318  317  316  315  314  313  312  Older
DateSubjectAuthorDiscuss
18/3/2021
07:42
From today's news: ...deliver shareholder value as the transactions are expected to be significantly earnings accretive from year one, generate a return in excess of National Grid's cost of capital and, taken together with the proposed NGG Sale, continue to be earnings accretive in the longer term;
bountyhunter
18/3/2021
07:16
Proposed WPD acquisition & portfolio repositioning. Proposed acquisition of Western Power Distribution and strategic portfolio repositioning National Grid plc ("National Grid" and together with its subsidiary undertakings, the "Group") today announces that it has agreed to acquire PPL WPD Investments Limited (together with its subsidiary undertakings, the ("WPD Group")), the holding company of Western Power Distribution ("WPD"), the UK's largest electricity distribution business, from PPL WPD Limited, a subsidiary of PPL Corporation ("PPL") (the "WPD Acquisition") for an equity value of GBP7.8 billion and National Grid has agreed to sell The Narragansett Electric Company ("NECO") to PPL Energy Holdings, LLC, also a subsidiary of PPL, for an equity value of US$3.8 billion (GBP2.7 billion) (the "NECO Sale", and together with the WPD Acquisition, the "Transactions"). In addition, National Grid announces that it will commence a process later this year for the sale of a majority stake in National Grid Gas plc, the owner of the national gas transmission system ("NGG") (the "NGG Sale"). Together these transactions will: -- strategically pivot National Grid's UK portfolio towards electricity. The proportion of the Group's assets in electricity will increase from c.60% to c.70%; -- strengthen National Grid's long-term growth outlook by ensuring a significant scale position in electricity distribution through the acquisition of WPD, the UK's largest electricity distribution business. Electricity distribution is expected to see a high level of asset growth as a result of the ongoing energy transition; -- significantly enhance National Grid's central role in the delivery of the UK's net zero targets, given the complementary nature of transmission and distribution, providing benefits for customers; -- deliver shareholder value as the transactions are expected to be significantly earnings accretive from year one, generate a return in excess of National Grid's cost of capital and, taken together with the proposed NGG Sale, continue to be earnings accretive in the longer term; -- underpin National Grid's 5 to 7% asset growth target for longer, further supporting National Grid's updated dividend policy to deliver annual dividend per share growth in line with UK CPIH inflation, while expecting to maintain its current overall strong investment grade credit rating; -- maintain the Group's geographic and regulatory diversity, with c.40% of the Group assets in the US after the sales of NECO and stake in NGG; -- generate attractive shareholder value through the sales of NECO and a majority stake in NGG; and -- ensure management continuity and focus: the CEO and CFO of WPD will lead the UK distribution business as part of the enlarged Group. National Grid, recognising the importance of WPD to the communities it serves, intends to maintain the WPD headquarters in Bristol and offices in other key locations. Completion of the WPD Acquisition, which will be funded by fully committed bridge facilities, is expected to occur within the next four months and completion of the NECO Sale is expected to occur before the end of the first quarter of 2022. National Grid expects to launch the sale process for NGG in the second half of this year and complete the sale approximately a year later. John Pettigrew, Chief Executive of National Grid, said: "These transactions will be transformational for our UK portfolio. The acquisition of WPD is a one-off opportunity to acquire a significant scale position in UK electricity distribution. WPD has a high quality, fast growing asset base and an excellent track record of customer satisfaction, operational performance and financial returns. We have received a premium valuation for our Rhode Island business and I am confident that we will also deliver attractive shareholder value from the NGG Sale in due course. In combination with the continued successful execution of our strategy in the US, establishing National Grid as the leading electricity transmission and distribution operator in the UK will strengthen our long-term growth prospects, enhance our role in the UK's energy transition and drive long term shareholder value. Following the completion of these transactions, we will continue to have a diversified portfolio of assets across the UK and US, with a strong asset growth profile that will further underpin our dividend policy for the longer term. I'd like to take this opportunity to say a heartfelt thank you from all of us at National Grid to all the fantastic Rhode Island colleagues who have worked so hard over the years to deliver the energy needs for our customers across Rhode Island. I know that PPL will be an excellent steward for both NECO's customers and colleagues. As we move our portfolio to higher growth assets, we have taken the decision to sell a majority stake in NGG. Given the strategic nature of its business coupled with its central position in a transition towards a hydrogen economy, it will continue to play a vital role in the UK's energy system. We expect strong interest when the sale process begins, likely to be in the second half of this year. The acquisition of WPD brings great people and outstanding experience to National Grid and I am hugely excited about building the future together. Our vision for National Grid remains unchanged, to be at the heart of a clean, fair and affordable energy future. With increased exposure to the UK's electricity sector, these transactions enhance our role in the progress towards net zero, underpinning our core ambition which is to enable the energy transition for all. We look forward to constructive engagement with Ofgem and policymakers, on how best to achieve these common goals in the best interests of all our customers and wider stakeholders." The WPD Acquisition is a Class 1 transaction under the Listing Rules and is therefore conditional upon the approval of shareholders at a General Meeting. Accordingly, National Grid will shortly publish a shareholder circular containing further details of the WPD Acquisition, a recommendation from its board of directors (the "Board"), and the notice of the General Meeting which is expected to be held by the end of April 2021. In addition, the Transactions are conditional on certain regulatory approvals and the NECO Sale is conditional on completion of the WPD Acquisition occurring. The person responsible for arranging the release of this announcement on behalf of National Grid is Justine Campbell, Group General Counsel & Company Secretary.
skinny
12/3/2021
13:41
National Grid Partners With Standard Hydrogen Corp on N.Y. Project.
skinny
04/3/2021
21:11
Good buy around this level imho
pander45
04/3/2021
08:42
Looking more positive this morning; defensive qualities finally kicking in?
bountyhunter
04/3/2021
08:41
Yes BT still holds a monopoly on the vital last part of the connection to many homes although you now have Virgin and Toob with there own fibre going directly into a proportion of properties. It does seem crazy when each company has to lay it's own final connection to a home or be at the mercy of the BT monopoly. This will need to change surely. No wonder city pavements are such a mess. Re NG's interest I guess that is limited to the backbone of the network where there should be plenty of money to be made.
bountyhunter
03/3/2021
22:11
Bounty been there before with Energis. Energis failed because bt prohibited Energis to get the last link in the process ... access to the marshalling kiosks in order to get to customers. Energis were never given access because BT just delayed, delayed and delayed sticking two fingers up to the regulator
utyinv
03/3/2021
21:58
National Grid plots £450 million overhaul of Britain’s fibre network The programme will see a network operations centre to handle maintenance, address faults and bolster security Http://www.itpro.co.uk/infrastructure/network-internet/358747/national-grid-plots-ps450-million-overhaul-of-britains-fibre%3famp
bountyhunter
03/3/2021
19:37
Action, I would imagine NG will be hit with the extra Corporation tax which comes into play in 2023. This will be playing on many analysts minds within the five year plan. I am inclined to agree with a previous post on the LLoys bb: Rushi is using the budget to help those that help his family business. He want's to give all shop owners £18000 per premise, recognising the need to pay their leases for the premises. But Rishi's family are into Property and Commercial Leasing of Property. So using tax payers money to help the businesses so that they can pay the rent to Rishi's family business. As has already been mentioned, it would more genuine if alongside the grant to businesses, his family waived the rent until the businesses had recovered. He says in the budget 'those who can afford to pay should help those who cannot afford to pay', a form of redistribution of wealth with the exception of the Rishi family fortune
newbank
03/3/2021
18:02
A good point about which I have coincidentally just posted on the WTB thread.
bountyhunter
03/3/2021
15:00
Will NG benefit with new capital investment allowance as per UK budget? BT is flying on the capital tax allowance.
action
02/3/2021
13:40
Good news as they state the divi policy of course the switch to CPI from RPI will save cashflow but make our investment less valuable but its the best we could have hoped for. A good decision in the appeal could well see CPI cancelled and RPI continued. The share price I think assumes the worst and I see upside particularly in the run up to the divi - last year we went over 10.00 it will be interesting to see if history repeats itself.
mark1000
02/3/2021
09:34
With more spare funds I'd be buying these now. Reassuring update and the shares should now recover some lost ground.
bluemango
02/3/2021
09:23
Divi to be maintained ie increasing by RPI for 20/21 thereafter Increased by CPI. To put this into perspective the RPI in Sept was 1.1% and CPI 0.7% They are however, challenging the ROE which they hope to resolve with the CMA by October. They are allowed to challenge parts of the proposal without effecting the rest of the agreement. Conference call on now. Looking positive
newbank
02/3/2021
07:53
Massive relief that the divi remains. Switching to CPI increases for the future was inevitable and is not a bad result. Better than expected. Salty.
saltaire111
02/3/2021
07:40
Divi maintained and ofgem response. RNS released see link in news above
keelstow
25/2/2021
22:53
Bought PNN back in December then when Pierre pointed out a few home truths (thanks Pierre, I should have done a bit more research before deciding to buy but got out at evens) switched to RIO in double quick time, haven't looked back since.
bountyhunter
25/2/2021
18:47
Tanking in the US.
utyinv
25/2/2021
16:44
No real view on PNN Pierre. Sorry.
bennodean
25/2/2021
13:51
O/T, Hope no one minds. Ben - i'm watching pennon pnn. Almost certainly going to buy just after they get demoted from the 100 at the next review. i think ftse100 insts are shorting off their holding atm, hence waiting. Special situation, but i view the lowered divi extremely safe. I'll do it anyhow, but appreciate your view of it. Psychologically, it's an easy buy for me because i sold last year at 40% higher than it is today. Sum of parts (including 3bn cash i think) much higher than the cap. Sold due to maths of disposing of a business not making any sense and price high). Buying partly because you sold higher shouldn't make any difference of course, but it does to me!
pierre oreilly
25/2/2021
13:31
#7629 - thanks. I guess it partly depends on your timeframe. If you can look ahead to maybe 20 years plus of reliable income, that's good enough for me. And it's not all in run down; they're actively future-proofing as well. But don't want to clutter NG thread with off-topic discussion.
bluemango
25/2/2021
12:57
Appreciate the replies guys. Not sure I would be buying PHNX... its a book in run down. And new acquisitions become more difficult to digest due to the legacy nature of the business they consume. Don't let anybody kid you it becomes easier the more times you do it. And AAZ ? Not sure I sure I fancy a company with a large % of operations in that region
bennodean
25/2/2021
10:01
Pierre/Ben PHNX, steady and safe legacy Life Insurance business, 70th by market cap in FTSE 100, currently pays 6.5% annually. Results out 8th March and should see a dividend increase. I've learnt the hard way - unexciting is sometimes best!
bluemango
25/2/2021
09:38
Thank you Benno, Pierre and Ian for sharing with us all. If I read it right then you all would be looking at ULVR, NG, IMB, BP. et al ?
kaffee
25/2/2021
06:48
Pierre/Benno - AAZ ?
ianguerin
Chat Pages: 323  322  321  320  319  318  317  316  315  314  313  312  Older
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