National Grid Share Discussion Threads

[hiddendepths] 23/5/2024 11:15:36

GARY - if you look carefully that's not quite what they've said! Ill explain shortly. I used to be a broker btw

[cyfalafwr] 23/5/2024 11:10:27

Held since 2013 for divis. Sold out this morning to reinvest in another blue chip that pays a reasonable divi. Any ideas , not looking for investment advice just a starting point for my research.

[garycook] 23/5/2024 11:08:44

Very confusing. So why have NG stated that to be eligible for the Rights. You have to be on the Share register at close of business Monday 20th of May !

[feddie] 23/5/2024 10:59:31

From previous experience (Not from any official source for this case): You may be able to sell the Nil Rights, but brokers generally will charge a larger than standard trading fee. If you let the rights lapse, you will not get any payment. That’s why they are named “Nil”. Unfortunate as it may be, the rational action is to exercise your allotted rights. If you don’t want to increase your position, you can sell the new shares once they start trading.

[viscount1] 23/5/2024 10:50:04

You will not lose money if you do not participate: you can sell your nil paid shares or just let them expire and get cashed out. Your shareholding will be diluted though, which may or may not matter.

I am not going to participate because I already have enough NG and could use the cash elsewhere.

[anhar] 23/5/2024 10:49:36

One unwelcome effect of the rights, for me as an income investor, is that following the issue the divi will be "rebased" (ie. cut) by about 15% due to the increase in the number of shares. They then intend to grow the rebased divi by CPIH as before.

I've yet to decide whether to take up the rights or sell the nil paid in the market. One can take a middle way by selling some npr and taking up some rights. There's a break-even point where the cash raised balances the cash cost, depending on the market price of the npr against the 645p rights cost.

[fludde] 23/5/2024 10:18:13

No, it's based on 20th May holdings.

[garycook] 23/5/2024 10:12:31

If you Buy NG today. Do you get the Rights Issue entitlement ?

[spranson] 23/5/2024 09:57:35

Will I have time to take up the offer on Tuesday? Losing network at a bank holiday event before then

[skinny] 23/5/2024 09:28:07

Since when did logic come in to election perceptions.

UU. -5.9%.
SVT -6.06%.
CNA -2.85%.

[pierre oreilly] 23/5/2024 09:23:16

Logically, with both labour and the Tories equally left wing, micro managing, high tax, high control, over regulation and ubergreen and uberwoke, there shouldn't be a labour fear drop imv.

[skinny] 23/5/2024 09:17:45

The 'Labour' effect is (obviously) hitting all utilities this morning - particularly water.

[utyinv] 23/5/2024 09:16:23

Very naughty, with the share price falling up to results its obvious that Pettigrew and Co has leaked the rights issue to the markets.

[fludde] 23/5/2024 09:13:18

Shame I didn't sell yesterday and buy back today and still have the rightscissue option. Have to buy the rights issue to pretty much break even now. Assuming Barclays give me the option in time of course!

[dartboard1] 23/5/2024 09:08:20

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 09:05:31

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 08:53:00

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 08:34:13

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 08:29:58

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 08:26:16

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