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NG. National Grid Plc

898.80
-6.20 (-0.69%)
21 Jun 2024 - Closed
Delayed by 15 minutes
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
  -6.20 -0.69% 898.80 902.00 902.20 909.60 900.60 907.00 24,875,322 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 19.86B 3.1B 0.8333 10.82 33.56B
National Grid Plc is listed in the Combination Utilities sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 905p. Over the last year, National Grid shares have traded in a share price range of 826.60p to 1,145.50p.

National Grid currently has 3,721,539,361 shares in issue. The market capitalisation of National Grid is £33.56 billion. National Grid has a price to earnings ratio (PE ratio) of 10.82.

National Grid Share Discussion Threads

Showing 8876 to 8898 of 10000 messages
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DateSubjectAuthorDiscuss
02/7/2023
13:59
Not much good when capital value of holding is down 11%
gbh2
02/7/2023
13:13
NG divi 5.29%
last friday best saving rate went to 5.9% with 20k limit
till aug/24
edit,the point being for a savings rate that high we are in for tough times ahead
and cash will be king

mike24
30/6/2023
15:24
Dire share price action, I can't envisage a reason for continuing to hold these after next divi payment.
gbh2
27/6/2023
08:18
Been buying back the shares I sold before ex dividend, nice profit :)
gbh2
22/6/2023
21:23
Thanks UtyINV and let's hope you are correct 👍🏻
tuftymatt
22/6/2023
17:06
CPIH for May 7.9% up from 7.8% for April.

This is, as many of you know important, as the average CPIH across the year April to March inc determines the dividend.

So even if Sunak does get inflation down to 5% at the end of the year it wouldn’t surprise me to learn, come next April that average CPIH for the previous 12 months will come in at 5.9%. So, I forecast next years divi, interim plus final to come in at 58.71p hopefully, 3.72p more per share than this year.

utyinv
21/6/2023
14:47
National Grid Named One of 'America's Best Employers' - ACCESSWIRE
utyinv
17/6/2023
11:33
"for what exactly?"

Contractually they get paid and Free shares for Success or Failure.

gbh2
16/6/2023
17:17
UtyINV is right,

Despite the poor performance in NG SP, I too find it hard to understand why the Directors would be paid a Bonus for less than mediocre performance.

Just look at the RNS disclosure today 16th June of Directors exercising their Bonus of free shares, for what exactly?

newbank
14/6/2023
16:08
Dividend wiped out and capital value decimated yet the directors will be helping themselves to big rises for being useless!
gbh2
14/6/2023
08:57
I see that the number of shorts have continued to increase in the US. Some shady Shysters in the US.

Pensioners got a max 5% rise, even though the Parent Company, NG, can implement a rise greater than 5% as they did in the 1990s. Staff got 9.8% rise and JP ( despite the poor performance in the share price, had his remuneration increased from £6m to £7.2m, that is a 20% increase.

utyinv
08/6/2023
22:12
Marktime1231:

Yes cash figures look a bit iffy but that is a cut and paste from the Telegraph🤷

utyinv
08/6/2023
12:36
Pretty sure NG does not have net cash of 36.9B.
marktime1231
08/6/2023
11:53
Picked up a few more today, share price too good to ignore imo.
gbh2
06/6/2023
16:21
National Grid key facts
• Market value: £39bn
• Turnover (March 24E): £21.6bn
• Pre-tax profits (March 24E): £3.3bn
• Yield (March 24E): 5.5pc
• Most recent year's dividend (March 23):
55.44p
• Net cash (March 23): £36.9bn
• Return on capital: (March 23): 5.9pc
• p/eratio: (March 24E): 15.4

utyinv
06/6/2023
16:12
From the Telegraph:

This company is in a powerful position for capital returns

Questor share tips: National Grid has defences against home political developments – with 45pc of regulatory asset value in US

By Russ Mould 6/6/2023

Shares in National Grid are ex-dividend as of last Thursday and 37.6p a share in cash will land with shareholders on Aug 9, to add to the healthy share price gain we have on paper following our latest look at the utility last November.

The FTSE 100 company still looks capable of providing a welcome mix of yield and capital returns.

National Grid owns and operates the UK’s electricity and gas transmission network (and similar networks in the United States).

These are tightly regulated, as it received a pre-set price from energy suppliers based on the size of its asset base rather than the volume of energy it transmits.

This is a sensitive area economically and politically and the attentions of the regulator, under the price control regime, plus the company’s substantial capital investment bill (£8bn in the fiscal year to March 2022), should partly deflect criticism of profiteering for those concerned about such issues, either from an ethical perspective or out of fears that the regulator could tighten the screws even further.

That said, changes to the Government’s capital allowance regime will impact earnings growth in the year to March 2024, when underlying earnings per share (EPS) could come in slightly lower.

Some 45pc of the utility’s regulatory asset value lies in the US, so that also offers a shield from political developments in the UK, while those investors who run strict ethical, environmental and social (ESG) screens may draw further comfort from how National Grid is setting up a new business that will facilitate the connection of 17 offshore wind projects to the UK grid.

Such projects underpin the company’s plan to grow its regulatory asset base by 8pc to 10pc a year out to March 2026, a trajectory which is also expected to deliver consistent earnings growth (once the bump caused by the new tax regime in the UK is passed) and in turn underpins analysts’ forecasts for steady dividend increases.

The forward 5.5pc yield will catch the eye of income seekers and could stand out if, as and when the interest rate cycle turns and the Bank of England starts to hold and then cut the headline base rate, utilities are not (crudely) viewed as bond proxies without good reason.

Lower rates will likely weigh on bond yields and lower bond yields could increase the relative attraction of plump dividends from equities.

National Grid remains an income staple.

Questor says: HOLD

utyinv
02/6/2023
18:59
Yes, tax efficient.

Most holdings are outside of tax wrappers, and subject to income tax on dividends of up to a stonking 39.35%, compared to a maximum of 20% CGT.

UK retail investors have (for reasons of history) trapped themselves into massively overvaluing yield on equities over total return.

viscount1
02/6/2023
15:33
Viscount: tax efficient???

If the shares are held within an ISA no tax to pay.

Over the years, I ( like many on this bb), have ‘bed and breakfast’d217; shares held outside an ISA to that within an ISA. Using max allowance, and if married you can shelter £40k / year.

Once in the ISA you can buy, sell, receive dividends etc etc without paying tax.

Buy backs are only good for the BoD to achieve targets of increasing income per share. Buy backs have been accused as an easy way for BoDs to increase earnings per share without using innovative growth ideas.

Many Companies that do carry out buybacks follow that up by issuing new shares usually to reward Directors even though the performce of the shares are very very poor.

I have argued for many years that the basic salary is reward enough and bonuses are there for extraordinary performance.

utyinv
02/6/2023
12:55
I have several holdings that are currently subject to buy backs, all are suffering share price wise because the slow increase in ESP takes time to feed through to punters, the Directors are the only ones to gain short to medium term!

Buy backs are for mug punters imo.

Edit, Today I started my buyback of NG :)

gbh2
02/6/2023
12:31
Yes it's done wonders for Aviva, not.
fludde
02/6/2023
11:24
Good enough for Berkshire Hathaway. But then what does Warren Buffett know? Such a loser...
viscount1
02/6/2023
11:14
LOL always a comic on the thread.
gbh2
02/6/2023
09:00
BP. SHEL GSKBATSIMBAll pay quarterly dividends, as do nearly all Investment TrustsMuch prefer quarterly dividends for Income
gateside
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