National Grid Share Discussion Threads

[gateside] 08/8/2023 17:50

Dividend pay day tomorrow

[gbh2] 08/8/2023 07:41

Are they trying to close the gap back to 8 quid.

[utyinv] 03/8/2023 13:13

Another indicator to watch is if the share price rises next Wednesday when the dividends are paid. Those that think the outlook is on the right trajectory, will buy NG shares at a low price. Those that think the management have got it wrong will invest the dividend elsewhere.

I never take advantage of scrip dividends for the obvious reasons, ie, the price is usually higher than what you can buy with the dividends in cash. Scrip Dividend was set at £10.59, price today £9.72

[utyinv] 03/8/2023 13:07

1carus,

You are right it should be rocketing. But in America, the ADRs are being shorted more than double its previous record high. The ADR shorting list is a bellwether reflecting the outlook sentiment. Or it usually was, unless some unscrupulous Hedge funds are spreading gloomy news to force the markets down so that they can buy back the borrowed shares they sold, to make a short term profit. This is why I advocate 1/4 dividends because it doesn't give as much time for Shyster Hedge Funds to destroy value.

With the future infrastructure, NG are allowed to borrow from the world markets to fund infrastructure reinforcements, allowing greener energy connections. The asset base NPV is based on 40 years and part of the make up to recoup costs from customers is that customer bills will have to rise. These costs can be spread across 40 years. NG also carry out sophisticated hedging on capital borrowed, creating some protection on rising interest rates.

But one thing is for sure, whether an industry was either nationalised or privatised, if we want a greener energy policy people will have to pay for it. Governments do not possess capital, they just spend money they take from tax receipts. That is why the utilities were privatised, because the amount of capital required to meet the future demand could only be funded using world market investments.

I worked for a Nationalised Utility and it was woefully wasteful and inefficient and if the utilities were not privatised, bills would be 300% dearer today.

In a Privatised Industry, investors require a return. People working in those industries are incentivised to work hard and efficiently.

The analogy I would draw on is the old fashioned view ( not strictly correct ), that in a Nationalised state owned organisation, ie, Council workers, where six workers are employed to dig a hole and one has a shovel, but all six require good salaries and protected pensions.

So yes, in a normal, well managed capitalistic economy, National Grid is a Company whose future prospects should be rosy.

If too much regulation prevents decent returns, then investors will just go abroad and employees will leave and work for other foreign Companies and a greener UK would be far more expensive to deliver.

In a normal level economy playing field, National Grid shares should be £20 / share IMO

[gbh2] 03/8/2023 12:25

If it were anything other than the national grid I'd think a bid was in the offing.

atm I only have my core holding as I tend to sell pre ex divi on the large payment, I expected a decent drop, the current one closes the gap back to 11th July, hopefully we rebound from here, thus I bought a few today.

[1carus] 03/8/2023 10:03

UtyINV/GBH2. Am I missing something here. It appears that we need to basically triple the capacity of the national grid to meet net zero. Agreed over some time, but basically the grid is a national asset. For this to happen massive investment, Gov backed, is required. NG might be a private company on paper but its infrastructure needs to triple from here and likewise its turn over. Profits are effectively regulated by ofgen and the gov, but it needs to be 'funded' to grow. Its asset value needs to grow considerably from here. Value should be rocketing.

[utyinv] 31/7/2023 17:40

ADR shorting is at an unprecedented high. Obviously Yanks either know something is going on or they are trying to scare the markets.

Been following the NG ADR ‘shorting̵7; across the pond for many years (as it gives an insight into how the markets perceive the future prospects) and it has never been as high as it is now.

[utyinv] 31/7/2023 17:34

Yanks at it again - Shysters

[utyinv] 28/7/2023 15:41

Shyster Yanks at it again.

Systematically and consistently, they try and trash UK stock values, in the hope of making a short term killing and possibly buy companies on the cheap.

There should be a law that says Yanks will have to pay 100% premium, over and above the 52 week high, if they ever want to take over a British Company.

[glavey] 19/7/2023 10:11

[8525]
And they did such a good job with Thames Water...

[utyinv] 17/7/2023 14:35

Yanks at it again! Just look at 2:30pm UK time. It should be going up not down!

[utyinv] 07/7/2023 17:46

AGM Monday and I know a lot of ex Staff will be quizzing John Pettigrew why he thinks its acceptable to give staff a 9.8% pay rise and increase his own remuneration by 20% (from £6m to £7.2m), but doesn’t increase the pensions by more than 5% ( 4.8% average after adjustments for GMP).

In the 1990’s when inflation was as high as it is now, the Company exercised its discretion ( a right that can be taken by the Parent Company as depicted in the Scheme rules), to increase the pension rise above the 5% cap.

Maybe it explains the bad PR the current Board have attracted. Responsible Capitalism NOT displayed or practiced by JP et al.

[utyinv] 07/7/2023 17:37

Got to bear in mind too, that the US is currently under the Administration of a Left Wing, UK hating President (Left of Centre Democratic Party).

I honestly cannot understand why there is such hatred by Biden towards the UK. After all, Biden cannot remember his own name, so I would bet he doesn’t really know why he hates the UK, but goes along with it because he is told to take such a stance by others around him.
JFK was from Irish stock but loved the UK, same Democratic Party but not as Left as Biden’s administration is.

Markets hate extremes (either extreme right or extreme left - bad for business and growth)

[gbh2] 07/7/2023 17:00

There's nothing on the Short Tracker.

[utyinv] 07/7/2023 15:59

Yanks shorting this like no tomorrow. Just hope one day they get caught out like when VW bought Porsche shares, if you remember VW caught the Hedge Parasites napping and did a ‘Trading Places’ action ( the film trading places when traders were caught with their pants down, so to speak).

But what happened then? All the Hedgies complained to the regulators that VW hadn’t let them know first 🤷

The world would be a better place with responsible capitalism if all Hedge Fund Shysters were made bankrupt!

[tuftymatt] 07/7/2023 12:50

Yeah me too gbh2

Holding at a 1043 avg inc stamp right now but will look to average down later in the summer. That's unless we get a rally of course!!

[gbh2] 07/7/2023 12:37

Looks like I bought back way too early, a mistake I'll not make next year.

[utyinv] 05/7/2023 18:24

Yanks at it again.

Was listening to the news today where they reiterated that Biden hates the UK and is the the worst President, from the UK’s perspective, ever to have held Office.

Looks like the US Traders that are ‘Shorting̵7; UK stock, feel the same about the UK as Biden does.

So much for the ‘Close’ relationship.

[utyinv] 04/7/2023 11:41

Mike24

Ofgem are referring to the retail suppliers, eg Avo, bulb etc.

NG’s dividend policy has been given the blessing by Ofgem, realistic and affordable and shows responsible capitalistic balance

[colsmith] 04/7/2023 10:07

MIKE - 30 energy suppliers - I suggest these 30 are all ones that buy energy (from generators) and sell it to customers - taking the margin. A greet model but suffers when energy generation prices are not static.

[mike24] 04/7/2023 08:04

todays news energy suppliers should retain profits
rather than payout returns to shareholders
ofgem " we must learn the lessons of the energy crisis"
after 30 suppliers have gone bust since 21

[gbh2] 03/7/2023 10:53

I hold some NG all year round but I sell off (varying amounts)pre ex divi day, much depends upon which dividend we are approaching.

Before last divi I was selling at 11.75 I've been buying back recently ca 10.40, I may one day be caught out, but I've made my cash for this year and the Divi I do receive, will be the icing.