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NG. National Grid Plc

-115.60 (-11.50%)
24 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
  -115.60 -11.50% 889.40 897.00 897.40 916.80 892.60 904.60 25,457,076 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 4.25 33.11B
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 1,005p. Over the last year, National Grid shares have traded in a share price range of 892.60p to 1,145.50p.

National Grid currently has 3,688,191,645 shares in issue. The market capitalisation of National Grid is £33.11 billion. National Grid has a price to earnings ratio (PE ratio) of 4.25.

National Grid Share Discussion Threads

Showing 8951 to 8973 of 9600 messages
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Heading for the 800 level imo
NG moves with long duration bonds, so not surprising it would tank recently.
National Grid Hosts Student “Takeover̶1; Ahead of International Day of the Girl
BROOKLYN, NY / ACCESSWIRE / October 4, 2023 / National Grid:
Ahead of International Day of the Girl on October 11, National Grid welcomed a high school student to lead its New York business for a day as part of Plan International USA's annual "Girls Takeover" initiative. The Company participated in the global event-which introduces youth advocates into real-world leadership positions and critical discussions on gender equality at businesses and organizations-to demonstrate its support for opportunities and advancement for girls and women within the energy industry.
National Grid invited sixteen-year-old Leela, an accomplished high school junior, to take on the responsibilities of Rudy Wynter, President of National Grid - New York. Leela experienced firsthand National Grid's commitment to achieving net zero and to delivering a fair, affordable, and clean energy future for its customers and communities.

This doesn’t reflect well on the experience and expertise a President of National Grid USA is perceived to possess if they can be replaced by a 16 year old school girl😂

for a defensive share this is not doing well
Doing it again the yanks. Criminal market manipulation. The US market is massively over valued and the British market massively under valued.
That seems about right, for a bit of fun I've put your suggestion in the header with a ? so we can see how close that is :)
Presumably announced 9 Nov.

Thanks Bounty.

I would bet that the interim dividend that will be announced on 9th November will be 18.48p ish

Header calendar extended, doesn't time fly!
Need I say it again….㈳4; Yanks at it again! They are a bunch of Shysters. NG should be £20/share
Re the UK stock market it's shocking to see how the AIM index has significantly underperformed the FTSE indeces over the last 5 years..

with the FTSE market having underperformed the DOW.

The point being that in the UK market, FTSE 100 shares, especially those with higher yields, have been a fairly good place to be over a 5 year term vs the FTSE 250 or Aim market (but not vs the DOW which has been carried largely by large cap tech shares).

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?

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