National Grid Share Discussion Threads

[tnt99] 01/4/2021 09:47

Good move for the grid getting into more electric or new oil as it will beShould double from here

[minerve 2] 30/3/2021 10:05

What was in 2016 I wonder.



LOL

[spacecake] 29/3/2021 18:03

Safe to hold between 2011 and 2016 but since mid 2016 a choppy share price.

[mike24] 23/3/2021 13:12

ng a safe share to hold,
why the markets could tank,
the US stimulant payments of which
latest figs show of those share price $56.8bl has been pumped
into the stock market,bonds etf,s
just creating a false ceiling?
yet some say the purchasing power of the $ has dropped 40% in last 2yrs
don't market highs go hand in hand with a booming economy?
25/3 M/W housing market already on fire, inflation will follow, but
does'nt show up in official figs ( hpi aprox 15% over last yr)
uk prop prices outside london hitting new highs (compare last qtr rmv releases)
nai,

[unastubbs] 20/3/2021 17:23

lex (FT) 19 March

[gateside] 19/3/2021 21:54

All my NG. safe in an ISA - no capital gains tax to pay

[spacecake] 19/3/2021 16:38

A bit of a mixed message going on with talk of hydrogen conversation work and exploring selling all, some, bits of the pipelines. Would Centrica or some other large gas company take a majority stake ?
There's some hydrogen trials recently completed via Keele university and phase two planned in the north east.

[redartbmud] 19/3/2021 16:15

proka

Mark1000 was correct. The is little possibility of creating a CGT liability holding Ng. shares, unless you have a very large holding. It moves uowards like a sloth.

red

[prokartace] 19/3/2021 15:41

Mark1000, you never have to worry about CGT in a SIPP

[mark1000] 19/3/2021 11:29

Hiddendepths true you may sleep at night you sure do not have to worry about CGT.

[hiddendepths] 19/3/2021 08:58

I really think this company is misunderstood and fundamentally mispriced.

I would also expect the repositioning towards electricity to generate a designation of the company as a green energy stock at some point, although reducing the gas exposure further may be necessary first.

While we wait, the dividend underpins the share as a core SIPP holding. This has become a real sleep-at-night stock!

[skinny] 19/3/2021 08:45

Thanks Spacecake - the link if anyone else is interested :-

[mike24] 19/3/2021 08:39

I think their making the right move,
holding on to my ng shares,
a few warned of a dow retrace a wk ago
watching for a close below32,894
nai

[spacecake] 18/3/2021 19:24

Skinny, from the link below click on 'future of gas slide pack' (48 page slide pack'

[skinny] 18/3/2021 15:12

Spacecake - can you point me to the relevant area of the website please .

A bit more on today's update :-

.

[spacecake] 18/3/2021 12:02

There are currently court cases around the world because of both government and company inaction on climate change. 30 Min radio 4 broadcast which is well worth listening too.

NG have a slide deck on their website on the conversion of the UK gas network to hydrogen/ hydrogen mix.

[mike24] 18/3/2021 10:47

good buy/top up, first thing this morning
nai

[utyinv] 18/3/2021 10:43

Saltaire111

Re: post 7662

Don’t forget it was under John’s watch that our share price hit £12+ in 2016

Obviously, he shares the concerns of shareholders in ensuring a decent return for investors. He is a down to earth chap that knows his business. The real culprits are pen pushing Ofgem, far removed from reality.

[beckers2008] 18/3/2021 10:34

It seems that the large stakeholders are backing JP, that's what really matters, pleasing to see NG forging ahead with an acquisition that strengthens the business.
Anywhere under £9 with the positive dividend commitment is compelling for Pension funds.
Interesting to see the analyst's opinion later.

[utyinv] 18/3/2021 10:15

Makes sense now why shareholders are invited by NG to a COPT26 web conference next week.

[eaaxs06] 18/3/2021 10:14

Nailed the double bottom of 805.4p from 26/2.

A bad start to the day, but looking more positive now.

Good luck everyone, Sid.

[skinny] 18/3/2021 09:57

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".

[poikka] 18/3/2021 09:52

"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.

"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," Pettigrew said."

So if there's going to be a "transition towards a hydrogen economy", why are they flogging more of it?

I guess it's because they believe it'll be a smaller part of energy supply.

My head hurts.

[pierre oreilly] 18/3/2021 09:43

It requires no skill, expertise, experience or knowledge to call for anything. In fact, the less knowledge of something the easier it is to call for changes.