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NG. National Grid Plc

943.60
-7.20 (-0.76%)
Last Updated: 09:33:00
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
  -7.20 -0.76% 943.60 943.40 943.80 949.20 941.60 944.40 522,110 09:33:00
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 9326 to 9347 of 10075 messages
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DateSubjectAuthorDiscuss
24/5/2024
07:23
natasonline, you don't have to take up your rights, once the shares go ex-rights you will be able to sell your nil-paid rights. In effect you will be reducing your holding because the shares you already have will be worth less. DO NOT let your rights lapse unless there is a stock market crash!

EDIT: If you decide to take up your rights I think you need to pay up by June 10th but your broker may want it sooner.

cynicalsteve
24/5/2024
07:17
What is the outlook for the dividend? Will it be maintained with the yield being increased assuming a lower SP?
paulboz
24/5/2024
00:15
Investors Chronicle

National Grid raises £7bn for grid overhaul plan

This is a huge raise and a significant investment programme for the company and its investors. Shareholder returns will take a knock alongside the share price, but the certainty in the outlook is a positive.

Buy

philanderer
24/5/2024
00:10
Forget Thames Water, National Grid has proved investors will still back UK assets

The infrastructure company easily raised almost £7bn in a rights issue – because it has its balance sheet in order and plans to invest

philanderer
23/5/2024
23:54
I would be interested to know the evidence that the record date does not apply to private investors! Your shares will be recorded with the company registrar by your broker.
unglove
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?
natasonline
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...

bountyhunter
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.

pierre oreilly
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.
1carus
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
steveyc1
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.

newbank
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??
freedomexpress747
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.
bountyhunter
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.
unglove
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.
bountyhunter
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.
1carus
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
dartboard1
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.
bountyhunter
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
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