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NG. National Grid Plc

-5.50 (-0.48%)
20 May 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
  -5.50 -0.48% 1,130.50 1,130.00 1,131.00 1,141.00 1,127.50 1,132.50 3,973,679 16:29:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.35 41.7B
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 1,136p. Over the last year, National Grid shares have traded in a share price range of 918.60p to 1,145.50p.

National Grid currently has 3,688,191,645 shares in issue. The market capitalisation of National Grid is £41.70 billion. National Grid has a price to earnings ratio (PE ratio) of 5.35.

National Grid Share Discussion Threads

Showing 8926 to 8946 of 9225 messages
Chat Pages: 369  368  367  366  365  364  363  362  361  360  359  358  Older
Back down to 950 then!
FWIW :- Barclays reinitiates National Grid with 'overweight' - price target 1,300 pence
My last post indicated the philosophy adopted by NG in how much they will pay in dividends for 2023/24. Where the interim dividend is determined as an approximation based on 1/3 the previous years dividends. The final dividemd is calculated by looking at the interim and final of the previous year, times that figure by the average CPIH (April to March), then deduct the interim that is paid early January, leaving the figure for the final, paid next August.

But because the interim is approx 1/3 of the previous year’s interim plus final, which was 55.44p, in total, we are able to deduce, unless policy changes, the interim that will be announced in November but paid in early January would be approx 18.48p

CPIH down from 6.4% in July to 6.3% in Aug ( release date today 20th Sept).

NG divi policy is the average over 12 months taken in April 2024. Today we got Aug’s data.

So to press this year : -
CPIH April 7.8%, May 7.9%, June 7.3%, July 6.4%, Aug 6.3%

Once we get the next seven ( sept, Oct, Nov, Dec, Jan, Feb, Mar) we know exactly what NG will have to pay in dividends based on their well publicised policy.

One of the broadsheets had an article today on the undue waits for small companies to attach their solar or wind to the grid; no fewer than 20,000 companies.The government are in trouble so I can see them letting NG do what is required as and where, I can see the margins being increased in exchange for faster progress.Am I reding this correctly?I'm all in Rolls Royce for Trent engine servicing/ build, and was naturally thinking one up as in the aircraft.This article has opened my eyes to defensive stocks, and those that will ring loud with bill payers and the greens.

I understand what you are saying. However, just putting things into perspective. If a tesla car fails or runs out of charge, which not only results in an inconvenience for the person/s getting to where they are going and then having to have it carried on a low loader to a garage for reprogramming, measure that against the consequences of a ‘mal op’ on the Transmission System. Ask yourself how much it cost the ‘City’ when a ‘mal op’ occurred at Hurst, shutting down the ‘City’ for approx 20 minutes, a good few years ago.

Like I said, politicians and Joe Public take for granted essential supplies until it is lost. It’s about time the country got real and started to be willing to pay for essential services. NG is not a charity.

You'd be hard pressed to find a similar business in our markets.
Market cap in isolation is meaningless. It only acquires meaning when related to some fundamentals like eps, divis etc. to give P/E or yield. To argue that £100bn is
"not unrealistic", I think you should consider what the P/E, for example, would be at that figure and then try and justify it by comparing the ratios for similar businesses.

Yanks at it again!
Without sounding like a broken record, the only way this share price will reflect true value is if the Company adopted a quarterly dividend. Thus creating more stability and less volatility . Hedge Fund parasites won’t have much time in between dividends to short and buy back.

I would also like the ‘City’ and politicians to be less ignorant when looking at NG. How many times when there has been an issue with Generation or Energy retail Companies do they show a NG Transmission Line? NG only accounts for less than 5% of bills if that has increased slightly its due to the imposition put on NG to connect clean energy sources to the system without proper reward / incentive. If Tesla ( car production ), can have a cap close to $1 trillion, I cannot understand why an essential commodity which is 100% outside Government hands shouldn’t command a market cap of £100billion. After all an unreliable overpriced car is less important to the public than Essential Electricity when you want it night or day, even on Christmas day.

BTW £100Billion cap for a world leading Utility is not unrealistic if put on a level playing field. The share price would be £27/ share. Brings things into perspective a bit doesn’t it.
Also got to remember every household were given free shares at Privatisation, so you can kiss goodbye to any argument that stocks and shares in utilities are the domain of the rich. The well off kept them rather selling them for holidays etc etc.

NG is not a Charity. It is a fair, well run efficient Company and shouldn’t be confused with the Generation or Commercial Supplier rogues.


I beg to differ when dealing with blue chip FTSE stock. Take for example Lloyds. Been doing buyback for years and the share price is struggling to get above 45p. After the financial crisis when AH took over at the helm, the price was 61p. After 12 years and Charlie Dunn in charge of the bank after AH left, the share price is 42p.

RIO, GSK, BT, PSN, ( just a diverse selection of the Main Companies that form part of the FTSE) all have done extensive share buybacks, all of which are at their lows in terms of share price. Share buybacks are for senior management of Companies that have run out of innovative ways of improving performance and building revenue. It’s an ‘Accounting217; fix to allow the Directors to meet their targets.

Wishful thinking I know, but I would like Directors pay to be linked to share price. If the share price rises by 10% a year they have met their basic targets to justify their basic pay. Increase share price by 20% they deserve a bonus. If share price falls they deserve their basic pay to be cut accordingly.

Don’t forget, people are not entitled to claim a salary for work not done or targets not achieved. They (Directors), get paid well to deliver. If they don’t deliver they should be sacked.

And pay dividends quarterly.
Yes, buybacks work, as evidenced by Warren Buffett, probably the greatest investor in history.

You have a problem with Berkshire's record?

If you ban share buybacks pay the shareholder a good dividend, let that shareholder decide whether to buy more shares in the Company by reinvesting or reinvest elsewhere.
So buybacks work?

So many Companies buy back shares but they don’t clearly advertise that they issue new shares to pay directors remuneration and bonuses.

The buyback is a complete fix because it links too closely with Directors performance targets of improving earnings per share. So Directors and the CEO doesn’t really have to work or improve performance of the Company, all they need to do is get buybacks sanctioned by the mass institutional shareholders ( that they are in cahoots with)
and the earnings per share increases, ie,

Company has 100 shares, e/s say is 15p, current price per share ( irrelevant ) £2.25

Buy back 20 shares (leaving 80 shares in circ) e/s automatically increases 18.75p if the revenue is stagnant.

Some would say that the share price would increase but it invariably doesn’t, because it pays the financial institution contracted to buyback shares to keep the price low.

Before buyback took off big time over the last 15 years, the average P/E of a British Share was 20. Now you would be lucky to see an average PE of greater than 10 unless its a speculative share.

Ban share buybacks, do not reward directors based on earnings per share. Reward Directors on how much the share capital has increased.

Do not give shares to Directors or Employees to reward performance. Everyone is paid a salary to do a good job. So why pay bonuses?

A bonus used to be infrequent years ago and only issued when extraordinary performance was achieved.

Look at share prices of the main FTSE Companies, they are undervalued by 50% in comparison to other indexes.


I realise and understand the conveyed message. Having invested in the stock market for over 40 years, I still stick with the view that some unscrupulous Shysters are manipulating the market for their own short term greedy ambitions. Unfortunately, the regulators and Governments allow it to occur.

The point I was making, was that in this crazy world we don’t always have a correlation between a sound business / Company and its share price.

Look what happened to those that ‘Shorted’; VW a few years ago when Porsche ( separate entity at the time), bought the depressed, over shorted stock, only to see many Hedge Funds go bankrupt because they were outwitted. The Hedge Funds complained to the regulators saying Porsche should have advised them that they were going to buy shares on mass beforehand. Why? They want it both ways.
Look at the naive Kwasi Kwarteng, who before announcing his intentions at the dispatch box, went and spouted confidential info to his so called ‘City’ mates whilst drinking Champagne. They stabbed him in the back ( I am not a fan of Kwasi but just highlighting what type of people the ‘Shorters̵7; are).

The term Shyster is a term that fits well with certain Hedge Fund Grifters

My point was to parody the common message seen all over ADVFN boards that when the market or a share doesn't perform as the investor intended, that someone else is to blame. Daft conspiracy theories are often posted about some nefarious group that has it in for us.

These posters rarely blame themselves for their own poor decisions or failing to appreciate the risks involved in equity investing, it's always someone else's fault, deliberately manipulating stocks to harm them.

UtyINV - excellent post.

‘Foreigners217; have contributed to our society and have been intrinsic to new innovative ideas. Got to differentiate what ‘ForeignerR17; means. I know some great Europeans that have been in the UK since WWII and their offspring are now Surgeons, Chartered Engineers, Scientists, Teachers etc etc.

Got to also draw parallels with what’s home grown. Lots may despise the migrants that are coming over trying to rip off our system ( excluding those that want to contribute and be independent / self sufficient). But got to realise we have a lot of indigenous to this country, who are wasters and never intend to work or contribute to society. Generations of wasters that we are all contributing to.

Re: Bankers, definition required. Many Bankers who work in our Banks are doing a valuable and important job. I am not talking about the wide boys / girls that take risks with our money. Too many people blame banks for their own failures, ie, in large, the last crisis in 2008 was created not only by unscrupulous Investment Bankers but by Joe Public who wanted bigger houses, cars, foreign holidays etc all the things they could ill afford.
People have lost the philosophy and understanding that man was born to work and to understand basic economics, ie, earn £1 spend 90p = sustainable, earn £1 spend £1.10 = disaster.

Shorters, are imo parasites they do not create growth, they don’t build anything or contribute to society’s future growth. I have seen a lot of good company’s go under because of Shysters that have spread untruths about a Company and panic in the Market in order to gain a quick, short term buck.

Yup, I blame... (insert pet hates - eg. foreigners, bankers, shorters, Martians etc.)
I'm more concerned with loss of capital than it's epic, it's a long time since my NG holding was this near breakeven!
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