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NG. National Grid Plc

945.40
-5.40 (-0.57%)
Last Updated: 09:19:03
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
  -5.40 -0.57% 945.40 945.20 945.60 949.20 941.60 944.40 482,442 09:19:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 19.86B 2.29B 0.6153 15.34 35.38B
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 950.80p. 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 3,721,539,361 shares in issue. The market capitalisation of National Grid is £35.38 billion. National Grid has a price to earnings ratio (PE ratio) of 15.34.

National Grid Share Discussion Threads

Showing 9301 to 9322 of 10075 messages
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DateSubjectAuthorDiscuss
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?
1carus
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

george stobart
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

bargainsniper
23/5/2024
16:50
Am I correct that the rights should be priced at £0.81 tomorrow?
berny3
23/5/2024
16:47
So basically the shares are 20p down from the terp ?
yf23_1
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.
spawny100
23/5/2024
16:32
Why is net zero lunacy? Do you reject the 19th century discovery of the absorption spectrum of co2 and the calculations showing that it is responsible for warming the atmosphere? Do you reject the confirmation of this? Do you accept other science? Is the earth spherical or flat?
martinc
23/5/2024
16:25
Hmm that stinks a bit. Agree with Pierre re this is driven by net zero lunacy. The Great Reset will involve government, finance and corporations working together (aka Fascism) finding increasingly devious ways to tap shareholders to fund their Agenda2030 ESG nonsense. Seems they really do mean it when they say "You'll own nothing..." . The second part of the phrase "...and be happy" I'm less sure about!
spawny100
23/5/2024
16:21
IN @ 998.4p ...... ;0)
tradermichael
23/5/2024
15:32
A theoretical ex-rights price (TERP) is the market price a stock will potentially trade at following a new rights issue.
philanderer
23/5/2024
15:21
phillis

explain please..

lippy4
23/5/2024
15:02
It’s called a “terp ” chaps
phillis
23/5/2024
14:51
yes if labour get in i think the water companies are in for a hard time..
lippy4
23/5/2024
14:48
pierre

so you will not be buying the new shares i assume??

lippy4
23/5/2024
14:48
Setting aside the rights issue, the results look pretty good? I like the focus on networks and dropping extraneous stuff. Debt looks high but that is a feature of this line of business, and they have a good credit rating. Cash generation is good.

Unless I am missing something, the 10% price drop today is mostly poor sentiment on the rights issue, which looks overblown. Some of the drop might be the election announcement (regulated utilities are all down today - UU down 4%).

viscount1
23/5/2024
14:48
I do not think your working with the rights is correct above.
The 6.00 p.m. on 20 May 2024 was xr so the shares were say 24*£11.29 =270.96 before then.

So now you have the right to 7 new shares at £6.45 = 45.15

Before the rights you had £270.96 invested. After you have 270.96+45.15= 316.11 or
316.11/31 = £10.20 per share.

This would mean the rights are worth 10.2-6.45 = £3.75 per share

Profits were not too bad but 2-3% down on previous announcements.

goodnight1
23/5/2024
14:38
I see the other utilities have recovered some of their earlier falls.
skinny
23/5/2024
14:36
It does stink - these were my biggest holding by value until this morning. 🙄

Toying with the day's low.

skinny
23/5/2024
14:21
I bought my holding at 583 in December 2018. My capital profit has taken a nasty hit, and the dividend is going to be cut too.

I shall probably take up my rights. The new capital is hardly going to make a dent in the capex which will be required if the the grid is to be remodelled, and the govt can't afford to pay for that so the company is going to have to borrow a fortune, even if this is not the last capital raise. That is only going to be possible if the regulator loosens the reigns. I think it will (with govt acquiescence), because without a remodelled grid the govt is going to have to admit that the curent renewables plans are a non-starter. Moreover increases in transmission charges t consumers are less visible and thus less politically toxic than increases in generation charges.

Most of the capex will be mis-allocated capital of course, but utility shareholders get a return on 'investment' whether it is misguided or not.

1knocker
23/5/2024
14:08
I understand the theory anhar but no-one knows by exactly how much the share price may drop back and I've explained the whole picture for me. On XD dates the drop often exceeds the dividend amount and the same may happen tomorrow when XR If not then I won't be buying back.
bountyhunter
23/5/2024
13:34
There's no free lunch in selling cr today and repurchasing at a much lower price xr tomorrow because you lose the npr entitlement, currently worth an estimated 286p each. (931 - 645).

I stress that these figures may change with market prices.

anhar
23/5/2024
13:27
Details of the rights issue are temporarily at the top of the header for easy reference.

Initially seeing the price drop today I had assumed ex-rights today. Having just caught up I see it's tomorrow! Frankly I'm disgusted at this wholesale destruction in value and timing evidenced by the 10% drop today and have sold out - I may buy back tomorrow. My NG. holding was with FreeTrade and it seems that they don't process rights issues(!?) - I've questioned this but have decided to sell today based on the little information I have on this! Does anyone here have any knowledge of how FreeTrade process rights issues and if they do now do this? I have to wait 1-2 days for a reply from them which is too long given the XR date tomorrow.

bountyhunter
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