National Grid Share Discussion Threads

[bountyhunter] 05/11/2022 16:24

Yes interest rates were kept too low for too long under Carney I agree. Because of that policy the housing boom of the last decade or so will now inevitably be followed by a very significant crash, just a matter of time and I don't think it will take long.

[lovewinshatelosses] 05/11/2022 16:04

You could make a case for Carney being even worse than the current clown. It was unforgivable keeping interest rates at zero for the best part of a decade. IMO that historical inactivity will result in this current/pending depression being far worse than it may have otherwise been, even accounting for the policy decision on locking down and getting involved in the proxy war with Russia. Not that I support their invasion of Ukraine, to be clear. The Carney era played a significant part in the current real estate bubble too - although I am not letting the politicians off the hook for their many dreadful, fiscally irresponsible decisions since the GFC. Both the central bankers and the politicians own this mess in its entirety, as far as I am concerned.

[bountyhunter] 05/11/2022 15:41

I thought Carney was useless at the BOE until Bailey took over, Bailey doesn't seem to have a clue always acting too late and arrogantly forecasting doom and gloom completely ignoring the BOE's 2% inflation target as if it doesn't exist!

[lovewinshatelosses] 05/11/2022 10:06

I am not sure if we have ever had a Chancellor on whose watch so much fraud has taken place. Most of which will never be recovered. Most of which is entirely his fault, for failing to ensure any meaningful due diligence measures were implemented before handing out billions of our money. Against advice given at the time, no less. As is so often the case it seems, promoted for abject failure. Similar to our current BoE head, whose own career track record you can investigate for yourself to draw your own conclusions. Now we have a new Chancellor, whose enthusiasm for the Chinese approach to lock downs should tell you all you need to know about his mentality. I fully expect the next Budget to continue to destroy the middle class/middle income cohort of our society. Furthermore, I feared we might be facing an economic depression as far back as the summer of 2020. That fear turned to expectation by early 2021, and it seems we are now finally being prepped for it, with that mention of the worst recession in 100 years the other day. The worst recession in the last 100 years was a depression. That word will not be used until we are coming out of it, or already out of it. Which could easily be several years - 2024 is a pipe dream - but I think even the BoE has figured this out now, but no way will they say a decade of pain is about to commence of course. All in my opinion. Needless to say, I would be thrilled to be wrong. GLA. 99% of us are going to need it.

[bountyhunter] 04/11/2022 20:41

The biggest deramper is Sunak, we need to get that shareholder hitting budget over and done with! A self styled modern day Robin Hood if ever I saw one, so long as it doesn't affect his or his family's personal wealth of course. There won't be anything on non-dom status that is for sure!
I'll qualify that by saying Stammer and Co would likely be worse. It's not going to pay to invest in UK shares if the tax raids continue. Fortunately much of NG's earnings should be out of reach of UK politicians.

[lovewinshatelosses] 03/11/2022 13:16

That, plus the likely winter blackouts, which I think may have a material impact on the SP, are the only reasons why I did not buy back in when we revisited the low 8's. I was planning on taking up a small position at that point, with a view to laddering in further, should the 7's have happened, but I did not in the end. Not sure I will get the chance now, so not an attempt to de-ramp! May well return and certainly still keeping it on my watch list, although not a buyer in the 9's. GLA.

[gbh2] 03/11/2022 12:33

Once again the mention of windfall tax has arisen!

[bountyhunter] 02/11/2022 20:47

Interims next Thursday

[dartboard1] 02/11/2022 20:31

Sharply down to where it was 24 hours ago

[utyinv] 02/11/2022 19:32

NG has fallen sharply in the US this evening. Expect a fall in the morning.

[lovewinshatelosses] 20/10/2022 13:59

Given Rishi's track record as Chancellor, I am not sure he should even have a junior admin role within five miles of Westminster, let alone another cabinet post, or the 'top job' itself :)
Sad to see the UK continues to be a basket case. Not one single MP currently in Parliament gives me any confidence that this will change anytime soon. IMO, it is now beyond reasonable doubt that the only plan is to inflate away enough of the debt to avoid a total sovereign debt collapse. BoE has already pivoted and if this is what independence looks like from what existed before Gordon Brown's BoE policy, then it is no more than a smokescreen. IMO of course. We are on a path that will turn most of the middle income cohort into lower income dependents and vacuum up even more of the remaining wealth to those at the very top. If they can continue to get away with it. Oh well, bring in the next clown! GLA.

[utyinv] 20/10/2022 13:45

Who next? Rishi?

If they can elect a new leader within a week why couldn’t they have done that during the summer in the last leadership election. MPs wanting a lengthy summer break?🤔

[thebutler] 14/10/2022 11:02

Like to think the incompetent truss and kwarteng will do the honourable thing and quit, but (like Boris) they're so far up their own backsides there will likely be yet another messy tory coo.

[oggyrocks] 14/10/2022 10:55

I think if they don’t reverse some of the tax cuts, then it will be chaos and ftse Will drop to sub 6,000 next week. Pound will fall to parity with the dollar.

If they do reverse the tax cuts then hopefully stability in the currency markets and gilts will enable ftse to trade above 7,000 for a while.

Think the days are numbered for pm and chancellor though - he might be gone today.

[bodgeman] 14/10/2022 10:41

Is there likely to be a pension sell off later today as they look for liquidity with the BoE withdrawing bond support?

[oggyrocks] 13/10/2022 20:46

But who know what the government going to do next ? They have got themselves into a right mess - totally unnecessary. Looks like they are about to do a full u turn. This would probably be really good for NG. Bought at 8.50 this morning - v happy with that.

10.50 looks fair value here.

Tomorrow looking like a better day too.

[bountyhunter] 13/10/2022 20:30

That makes some sense, when the Fed stop raising rates (or stop talking about further rises!) utilities may start to recover.

Oggy, you could be right there, tomorrow will tell.

[utyinv] 13/10/2022 19:57

The above might explain a little why the Yanks are taking a stance on Utilities

[oggyrocks] 13/10/2022 09:36

GBH2 - pension funds have been selling stock such as this too free us liquidity ahead of Fridays end of bank of england bond buying.

This is an easily traded stock, and pension funds need to shore up their cash positions. They need cash to offset some of their riskier positions. This was what I read recently, (cant remember where), and why I decided to buy in - its been on my radar for ages, but looking for the right price.

Unless the market (continues) to free fall, I can see a bounce at the end of the week or early next week.

[gbh2] 13/10/2022 09:28

"NG's fall doesn't seem to make a lot of sense"

But it must to someone, question is, what do they know that we don't?

[oggyrocks] 13/10/2022 08:30

Joined the party and bought in this morning. Long term hold for me.

Good luck all

[bountyhunter] 12/10/2022 19:25

NG's fall doesn't seem to make a lot of sense but maybe the market fears that the politicians will head our way after O&G and the renewables?! I hope not, but at least as we know they shouldn't be able to meddle with the US side of the business!

[colsmith] 12/10/2022 18:47

BOUNTY re your 8338 and extract:

"The war in Ukraine means there are exceptional circumstances affecting the supply and price of energy"

Indeed there are, but these circumstances have been engineered by the UK and US administration as part of the proxy war with Russia. The UK Administration isn't interested in the people otherwise wise they would be seeking peace and telling JB its needed. Truss loves the war!

Not clear why NG is down, its a crucial part of running the UK and should be a regular earner in hard times (as now) and good times. I guess indebted but that's for capital purpose to keep the system running, maybe its OFFcom in the wings showing it has the ability to control the company and is loading NG with impractical financial target.

[utyinv] 12/10/2022 17:10

The financial Crisis that we are in is largely down to the incompetence of Bailey the BoE Governor. As stated earlier, he sacked Haldane, chief economist at the BoE for saying in 2020 that inflation would reach 11% in 2022. Bailey said he was wrong as it would peak at 5% and come down.

Baroness Altmann on the news today laid the blame at Bailey. He said last week that he was about to sell £80 of bonds that they had bought, only to create a fire sale reaction. Then last night and today he says they will continue to buy bonds until Friday, smirking at the camera, as if he wants the markets to fail.

He has bern criticised in the US and across the world for acting too late and too little in raising interest rates to arrest the spiralling inflation figure.

He was incompetent during the last financial crisis when as deputy, he wanted the top job, but they moved him to head the PRU regulator. He begrudges the markets because he believes the market crash put paid to his promotion as Governor then.

Wouldn’t surprise me if he hasn’t orchestrated this situation to get back at the markets whilst at the same time advising those close to to him to play the market with insider info.

He acts as if he wants the markets to collapse and blame it on the Government.
He is either nothing short of a criminal fraudster or just totally incompetent. Every time he opens his mouth the markets take another downturn. Then the next statement, invariably is 180degrees out of phase with his previous statement, as if he is wanting to destabilise the markets whilst promoting inflation.


BoE can remain independent but for goodness sake, this chap needs sacking asap as he is totally clueless.

[newbank] 12/10/2022 16:02

Uty,

Inside knowledge always helps, but Joe Public are ignorant when it comes to understanding who is responsible for what. That doesn't stop the the media reacting to public opinion and looking to sensationalise the energy crisis and trying to put National Grid into the same pool as the Generators.

Mass hysteria (promoted and stirred by the media), based on ignorance.