National Grid Share Discussion Threads

[garycook] 24/5/2024 08:42

The Dividend is going to be rebased around 15% lower or more. Maybe around 45p.

[goldgeezer] 24/5/2024 08:39

The dividend was increased.

[mj19] 24/5/2024 08:33

Rights issue and divided cut bad combination

[mj19] 24/5/2024 08:31

They will try and keep above £8 I am sure

[bountyhunter] 24/5/2024 08:18

As we've gone from 1128p to 904p on the 24 it's a very sour sweetener. And it's still falling, I predicted 865p yesterday, it's heading that way.

[kennyp52] 24/5/2024 08:17

645p but by then what will the share price be ? Rights are rarely accepted well by investors these days 🤷‍a94;️

[mj19] 24/5/2024 08:17

Indeed, it seems unlikely National Grid's share price will fall as far as the 645p rights issue offer share price. If the levels of price-to-earnings rating and the dividend yield are to be maintained, the stock 'should' remain well above 800p. Then add a bit for the firm's enhanced growth prospects and it seems likely the price will hold up much higher than that. Although such outcomes are never certain.

[mj19] 24/5/2024 08:15

The cash will arrive because existing shareholders now have the right to buy seven more shares for every 24 they already own. The sweetener is the new shares are on offer for 645p each – way down from yesterday's share price around 1,128p.

[bountyhunter] 24/5/2024 08:14

237p mid, a huge spread. Added that link to the top of the header.

[cynicalsteve] 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.

[paulboz] 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?

[philanderer] 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

[unglove] 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.

[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.