National Grid Share Discussion Threads

[gilesy911] 29/9/2022 08:13

Just heard Truss on BBC Local Radio in Leeds-She really hasn't a clue!!!!

[utyinv] 28/9/2022 13:39

The next few weeks will be interesting. As many on here will know, the NG pension rise from next April, DB pension (closed to new entrants), is determined by the Sept RPI published in Oct. Yes, the rules say the guaranteed max rise is 5% with anything above that is at the discretion of the Parent Company (NG).

Last time inflation was so high was 1990 and the Trustees with support from NG, sanctioned a rise above the guaranteed min.

Be interesting to see what stance is taken by NG this time round.

[lovewinshatelosses] 28/9/2022 13:21

That QT/QE pivot may be good for the pension funds in the short term, but surely it must also mean even bigger rate rises are now in the pipeline? Cannot see how it wont also have a material impact on (already too high) inflation either. Am pondering whether this is good, bad or neutral for NG, which remains on my watchlist.
Reminds me of that quote: There are centuries in which nothing happens and years in which centuries pass.
Could just as well say months at the pace of events of late!

[bountyhunter] 28/9/2022 08:38

Labour's intention is not to nationalise energy companies but rather to create a new national energy company, like the French have EDF for example. The reaction of the utilities seems overdone.

[newbank] 27/9/2022 18:46

I must admit some of the news releases by National Grid to the media leaves them open to speculative plays by unscrupoulous traders.

Dramatic 'Over the Top' press releases, like:

National Grid doubles Emergency planning exercises amid concerns over energy supplies

The UK's full Emergency plans for a winter gas shortages, from blackouts to battle rhythms

National Grid announce Off-Peak Energy Plan, then

National Grid's Off-Peak Energy plan doomed to fail....

What the hell are they thinking of?

Since the early summer when NG was £12.35 and heading for £20, the price is now £9.48. A Share Capital loss of £10.3 Billion.

National Grid has always planned these scenarios but did so low key. All they have done is brought attention to themselves and not in a good way, look how the markets have reacted.

[lovewinshatelosses] 27/9/2022 16:00

bountyhunter: I could not have said it better myself! Shame I can only give you a single recommend :)

[gbh2] 27/9/2022 15:48

Way below my stop loss, but difficult to see why!

[lippy4] 27/9/2022 15:46

what a mess..

[coxsmn] 27/9/2022 15:22

Markets are doing boe's job for them, if boe increases rates less than expected in Nov then analysts expect the pound could fall well below the dollar.

[gilesy911] 27/9/2022 12:44

Totally agree Bounty!!!!

[bountyhunter] 27/9/2022 12:38

I thought that Carney was an egotistic ineffective incompetent politically biased Governor but Bailey takes the biscuit!

[gilesy911] 27/9/2022 12:35

Can't see Truss lasting long at this rate!!

[bountyhunter] 26/9/2022 21:21

Bailey is an embarrassment. Even today we awaited an emergency 'announcement' to be told that the BOE were 'watching' the markets closely lol which is the very least they should be doing after failing to raise interest rates sufficiently - especially last week just a day after the FED's second successive 0.75% rise.

[newbank] 26/9/2022 15:27

Uty,

I agree. A lot of volatility is being played. BoE Bailey was proved wrong on numerous occasions. As has been mentioned, Haldane was sacked for warning about inflation reaching 11% in 2022, Bailey saying he was wrong and that inflation would reach 5% and be transitional. Haldane was spot on.
Haldane warned that the excess of Furlough money being paid out was in excess of what was needed. No one could go on holiday, travel or go out to pubs / restaurants etc due to lockdown. High inflation is IMO orchestrated to eradicate debt created by Boris and Sunak.

As the FED raised interest rates by 0.75% on numerous occasions, Bailey waited and delayed. What is needed is a number of 1% interest rate increases to arrest inflation and if that dampens the housing market, then as so many have said before, every property is affected pro-rata and a reduction in property prices would assist the young and those wishing to move up the property ladder.

National Grid's revenue calculations are linked to inflation and the debt that the utility has is approved by the regulator as a way to reduce the burden on the public ie, the customer will pay back capital expenditure over 40 years.

You quite rightly say, that NG revenues are split with a large proportion coming from the US where the ROE is at least 9% and paid in dollars, no sense to the fall in share price, just speculators playing on fear.

[viscount1] 26/9/2022 15:04

"This stock is being manipulated by Hedgies"

Proper tinfoil hat stuff on these boards at the moment.

[utyinv] 26/9/2022 14:16

This fall is not logical, because with the $ being almost parity with the £ that should benefit NG as half revenue is generated in dollars. This stock is being manipulated by Hedgies

[utyinv] 26/9/2022 14:12

Justification to adopt a quarterly dividend policy. Lost £10.5 billion in market cap since early summer.

Just look at how the Yanks have been shorting the stock to get an income ( no further dividend until January 2023)

[smith99] 26/9/2022 14:12

Anyone still holding any stock right now is very brave. We are staring down a massive depression and a fall of at least 50% possibly 80%. All imo of course but I've been at cash / gold for the past 6 months

[bountyhunter] 15/9/2022 18:07

An excellent article.

[gbh2] 15/9/2022 10:07

Hit my stoploss this morning, waiting until after 4pm to decide on partial dump.

[lovewinshatelosses] 14/9/2022 13:26

So, wind and solar outfits with 'excessive profits' are also going to be bled now it seems. I did suggest this would happen on this very chat board, when a potential windfall tax was first touted, 'only' for 'dirty' energy firms. We have well and truly abandoned capitalism in the West it seems. I have kept NG on my radar since selling up, but think I am going to be able to buy back in cheaper than the current price. What a shambles things are in right now! GLA.

[utyinv] 14/9/2022 11:13

51% of NG’s business is in the US👍