National Grid Share Discussion Threads

[natasonline] 23/5/2024 23:51

I'm really not happy about any of this. I was thinking about getting out before the election incase Labour get in and started threatening to Nationalise NG for pennies on the pound again.Having paid all the Banking Rights issues in the wake of 2008 and never saw a tangible return leaves me with a bad feeling about this. Is it just another money pit?NG is one of my biggest holdings. I hold 4522 shares, £6K down today on the announcement and you guys tell me there's potentially more downside to come.Not sure if I've go my maths right but I think they're about to ask me for £8.5K for a stock I was already thinking about walking away from. How long after the initial request do I have to come up with this money before the offer expires?

[bountyhunter] 23/5/2024 23:08

That should be confirmed tomorrow however the language does lend itself to some ambiguity..

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

Splitting hairs I know but they could have written that in more normal language, such as...

Ordinary shares go ex-rights...

[pierre oreilly] 23/5/2024 22:41

It's perfectly clear Steve. The release today said xr tomorrow at opening.


The record date is completely irrelevant for pis. It's just the data the share register is read and used to forward info and entitlements to investors on there.

(The info and entitlements therefore sometimes goes to those not entitled instead of those entitled. The brokers sort this situation out without you knowing.

[1carus] 23/5/2024 22:28

This seems to be a bit of a mess. I am sure the market will work it out and probably over react a little tomorrow. Could be an opportunity there somewhere.

[steveyc1] 23/5/2024 22:16

I’m still not sure about this and to be honest it’s very unclear there’s not a definitive XR date listed anywhere. Does anyone have a spread betting account and can see what the likely opening range will be tomorrow as that might give some clues

[newbank] 23/5/2024 22:16

Suspicion of Insider Dealing and leaked information to markets.

With the sell off of shares and shorting highs of NG ADRs in the USA, uncharacteristic of the normality of share prices rising into the results, given the positive closing statement weeks ago, there is suspicion that the Rights Issue may have been leaked to hedge funds which correlate with the increase in ADR shorts.

[freedomexpress747] 23/5/2024 21:50

Until 10 days ago, largest holding, but sold out as target price achieved... lucky me for a change!!But, what a shocker... leveraged business already, political risk rising daily, management without a lot of 'skin in the game' jump to build more capacity at the expense of the shareholders. I wonder if a kind of 'debt ceiling' had been reached??

[bountyhunter] 23/5/2024 20:49

Yes that's the record date but ex rights is tomorrow according to the schedule at the top of the header taken from today's RNS. If it's actually not then things are not so bad but it has been discussed to be tomorrow here today.

[unglove] 23/5/2024 20:44

From the national grid website for investors: Record date for entitlement to the rights issue was 6pm 20th May 2024.

[bountyhunter] 23/5/2024 20:02

1c I'm afraid I'm thinking around 1005 - ~140p =~ 865p tomorrow as ex rights at the open.
You would think it had gone XR today with that 122.5p drop but unfortunately not! I may buy back if it goes much lower than ~865p.
So much can happen in a day. I nearly topped up yesterday, I'm glad I didn't do that given what's happened out of the blue today.

[bountyhunter] 23/5/2024 20:00

I won't be doing that Dartboard as I sold out at around 1030p earlier today for the reasons I explained in earlier posts.

[1carus] 23/5/2024 18:22

Thx Bounty, so anything under 980 is looking reasonable long term is what you are saying, or at least on par wirh yesterdays close.

[dartboard1] 23/5/2024 18:01

If you feel shafted then take up the rights issue and get discounted shares ... shafted would be the share price dropping to the issue price

[bountyhunter] 23/5/2024 17:45

My calculation is that the rights issue is worth ~140 p/share (and a whole load of hassle) so we could see shares drop by around that amount tomorrow on top of today's 122.5p sentiment drop. Anybody who thinks shareholders have not been shafted is living in cloud cuckoo land! I might be slightly out with the 140p but it's in that ball park, I based that on yesterday's closing price.

[1carus] 23/5/2024 17:29

Sorry... been travelling and only just picked all this up.

[1carus] 23/5/2024 17:28

And would that be around a 7% future dividend?

[1carus] 23/5/2024 17:27

Been looking for a way back in tbf.

[1carus] 23/5/2024 17:26

Having sold all mine earlier in the year, if this is sub 9.30 tomorrow is thar fair value for the £11 or so that they were?

[george stobart] 23/5/2024 17:14

if the evil Tories win, will they would sell off the NHS and our grid assets to American hedge funds for chump change?

if the Tories sell our grid would this mean NG share price goes to zero?

My uncle buys political newspapers and knows these stuff unlike you plebs

[bargainsniper] 23/5/2024 16:53

Seems ambitious......

NG market capital 37bn
Debt 44bn
Leverage 6.4x

Now 7bn rights issue, 60bn spend over next 5 Year's

[berny3] 23/5/2024 16:50

Am I correct that the rights should be priced at £0.81 tomorrow?

[yf23_1] 23/5/2024 16:47

So basically the shares are 20p down from the terp ?

[spawny100] 23/5/2024 16:42

Lol I love the assumption (and logical fallacies) that people make that anyone criticising net zero in any way is somehow anti-science and a flat earther.