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NG. National Grid Plc

884.80
9.00 (1.03%)
Last Updated: 12:42:15
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
  9.00 1.03% 884.80 884.60 885.00 890.40 877.20 878.00 4,569,305 12:42:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 19.86B 3.1B 0.8408 10.56 32.74B
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 875.80p. Over the last year, National Grid shares have traded in a share price range of 826.60p to 1,145.50p.

National Grid currently has 3,688,191,645 shares in issue. The market capitalisation of National Grid is £32.74 billion. National Grid has a price to earnings ratio (PE ratio) of 10.56.

National Grid Share Discussion Threads

Showing 9251 to 9270 of 9975 messages
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DateSubjectAuthorDiscuss
23/5/2024
11:25
GARY - the record date is 20th May. That's the date that is used for the documents to be sent to holders, usually through their brokers. Those documents will go the wrong place if the holder sells after that but before the xr date - but if you are such a seller you're not entitled to those rights and it's up to your broker and the buyer's broker to ensure the purchaser receives the rights entitlement. In other words the record date is an administration date and has no real relevance to the shareholder unless the brokers are asleep on the job!

The xr date is what matters to shareholders.

hiddendepths
23/5/2024
11:23
Yes, providing the rights had value (i.e. a little above the offer price of 645).
viscount1
23/5/2024
11:19
viscount
>> just let them expire and get cashed out

Do you mean anyone letting the nil paid rights expire will get a cash credit from NG?

bountyhunter
23/5/2024
11:16
If the shares close tonight at 1006p, the theoretical ex rights price tomorrow morning will be 924p.
hiddendepths
23/5/2024
11:15
GARY - if you look carefully that's not quite what they've said! Ill explain shortly. I used to be a broker btw
hiddendepths
23/5/2024
11:10
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.
cyfalafwr
23/5/2024
11:08
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 !
garycook
23/5/2024
10:59
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.
feddie
23/5/2024
10:50
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.

viscount1
23/5/2024
10:49
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.

anhar
23/5/2024
10:18
No, it's based on 20th May holdings.
fludde
23/5/2024
10:12
If you Buy NG today. Do you get the Rights Issue entitlement ?
garycook
23/5/2024
09:57
Will I have time to take up the offer on Tuesday? Losing network at a bank holiday event before then
spranson
23/5/2024
09:28
Since when did logic come in to election perceptions.

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

skinny
23/5/2024
09:23
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.
pierre oreilly
23/5/2024
09:17
The 'Labour' effect is (obviously) hitting all utilities this morning - particularly water.
skinny
23/5/2024
09:16
Very naughty, with the share price falling up to results its obvious that Pettigrew and Co has leaked the rights issue to the markets.
utyinv
23/5/2024
09:13
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!
fludde
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
dartboard1
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 ?
garycook
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