National Grid Share Discussion Threads

[rogerrail] 24/5/2024 08:47

NG is firmly in the income investment bracket and in that respect now looks like a much riskier proposition. The share price will reach a level where the dividend return will compensate for the higher risk.

[kennyp52] 24/5/2024 08:46

Even better when this drops to 800p whilst you have lost over 300p per share ! Bargain

[goldgeezer] 24/5/2024 08:45

This is possible. The RI represents a dilution, however, we hope the GBP7B is wisely invested.

[goldgeezer] 24/5/2024 08:43

4% increase on 2023 Final. At the current price the yield is 6.2%. Take the rights issue and buy more at today's price. Good value in my opinion.

[mj19] 24/5/2024 08:42

Yes sorry my bad just hope after right issue I National Grid's future earnings and dividends will be spread more thinly.

[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.