National Grid Share Discussion Threads

[dartboard1] 23/5/2024 09:08

Will take mine up. Buy and hold this through the misguided energy transition. A lot of misallocated capital being spent to get to net zero, but NG should profit nicely from it

[garycook] 23/5/2024 09:05

If you buy NG today 1030p,You will get No Rights. So when the XR is issued at 645p.How does this work out for you ?

[laurence llewelyn binliner] 23/5/2024 08:53

A steep discount for the raise but I will be taking mine up for sure and enjoy the CAGR going forward.. :o)

[viscount1] 23/5/2024 08:34

Re: nominee accounts. Yes you should see the nil-paid share in your portfolio from tomorrow and a corporate action choice at some point.

[steveyc1] 23/5/2024 08:29

I don’t see why they would be excluded. Any idea what happens to share cert holders? Expect it will have to be by post

[bountyhunter] 23/5/2024 08:26

There should be a corporate action depending on your broker is my understanding. I can't see that nominee holders are excluded.

[spranson] 23/5/2024 08:19

Will this offer be open to those with nominee accounts or is it best to invest once in general issue around 10th June?

[utyinv] 23/5/2024 08:13

Unastubbs,

Yes, the average CPIH for the year was 5.575% The Company have decided to call the average CPIH 5.55%

Not much difference ( .01p ) but the maths favours the Company ( naughty ).

😂

[bountyhunter] 23/5/2024 08:05

INDICATIVE SUMMARY TIMETABLE OF PRINCIPAL EVENTS

Announcement of Rights Issue..23 May 2024

Publication of the Prospectus..23 May 2024

Record date for entitlement under the Rights Issue..6.00 p.m. on 20 May 2024

Despatch of Provisional Allotment Letters (to Qualifying Certificated Shareholders only)..23 May 2024

Admission and commencement of dealings in New Shares, nil paid, on the London Stock Exchange..8.00 a.m. on 24 May 2024

Existing Shares marked "ex-rights" by the London Stock Exchange..8.00 a.m. on 24 May 2024

Latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters..11:00 a.m. on 10 June 2024

Expected date of announcement of results of the Rights Issue through a Regulatory Information Service..12 June 2024

Commencement of dealings in New Shares, fully paid, to commence on the London Stock Exchange..8.00 a.m. on 12 June 2024

[bountyhunter] 23/5/2024 08:02

That was unexpected!

645 pence per New Share on the basis of 7 New Shares for every 24 Existing Shares

[laurence llewelyn binliner] 23/5/2024 07:37

The rights Issue Price of 645 pence per New Share represents a 34.7% discount to the theoretical ex-rights price based on the closing middle-market price on 22 May 2024 (being the last business day before the announcement of the terms of the Rights Issue) of 1,127.5 pence per Share, adjusted for the recommended final dividend for FY24 of 39.12 pence per Share..

[unastubbs] 23/5/2024 07:11

well done UI! rounding error explains the miniscule disparity

[newbank] 22/5/2024 23:41

Gilesy911

Se UtyInv's post 8830.

Uty is usually spot on

39.13p

[laurence llewelyn binliner] 22/5/2024 20:14

#Gilesy911, I have 39 pence pencilled in too, but we will soon see what we get.. :o)

[gilesy911] 22/5/2024 20:06

Results at 7amWhat will be the pence per share39p ?

[gilesy911] 22/5/2024 17:23

General Election ?? Thursday the 4th of July

[pierre oreilly] 17/5/2024 11:30

Well the way I see the divis in your example in companies like this..The price will be marked down 39p at open, and then a 49.9% chance of a drop from there at the EOD, and a 50.1 chance of a rise.The slight advantage of a rise due to all the company valuation ratios looking improved due to the xd drop.Other factors, like any day, could theoretically drop the price 100% or increase it by several hundred %. (The outers being extremely unlikely).

[utyinv] 16/5/2024 17:24

L2022


6th June Ex Divi date. Results 23rd May Next Thurs, then may, emphasise may, get to £12ish. Expected minimal Final divi to be announced next Thurs of 39.13p / share, based on dividend policy followed by the Company.

Then 70% certain it falls on 6th June by 50p min. BTW all this is strictly hypothetical and based only on my opinion. To decide what's best for you, you need to DYOR.

[l2022] 16/5/2024 10:31

Appreciate ideas on when this will retreat? Thanks!

[1carus] 13/5/2024 08:23

Pierre, I guess it gets to the point where you have to stop hitting your head against a brick wall. If the system is going to fund it, no matter how wrong, eventually you will just take the money and go with it.