National Grid Share Discussion Threads

[gilesy911] 24/5/2024 10:41

Is this likely to go any lower

[utyinv] 24/5/2024 10:39

Unastubbs,

New Labour Government: Guardian newspaper ( mouthpiece for Labour) have written a very positive article this morning

[natasonline] 24/5/2024 10:37

I've just sold £10K of my FTSE100 etf to fund my rights purchase. Not happy about this, I now want nothing to do with this cucked green sink-hole. I wonder how many people will not be able to take up their rights? Who gets the rights Sold in to the market? Do they keep them or dump them on to the market and collect the arbitrage?

[anhar] 24/5/2024 10:37

I think the correct yield calculation should be on the current xr price of 912p for anyone buying now. With a forecast divi of 45.3p the forward yield is 5.0%.

[unastubbs] 24/5/2024 10:30

Berny3 if the share price on ex-div day was £9.10 as it is today - and then subtract the dividend of 39.12p - it would be about 8.71 after the event. The re-based dividend is approx 45.3p according to The Times this morning, so that would be a yield of 5.2%. When the shares were at 11.34 last week they were also yielding 5.2% when the payment was "known" (pace UtyInv) to be 59p. I personaly would argue that with the funding in place for the big investments it needs to make this takes away alot of uncertainty. I'm seriously thinking about re-entering this share.

as a PS - I consider yesterday's actions make it far less likely for the new Labour Government to interfere with NG, they will have their hands too full with water and the railways. NG have made their case and provided the funds to pay for everything. They'd be crazy to get involved. Corbyn would have, Starmer won't.

[utyinv] 24/5/2024 10:29

Berny3

Dividend yield is taken as the total dividend for the year divided by current share price. However, if its the yield purely on the dividend paid in Aug, it equates to 4.3%

The divi yield based on the year’s dividend and based on current price is 6.4%

After the additional shares are added to the shares in circ the total div for the year would theoretically be 49.6p and based on current price of £9.10 would equate to approx 5%.

[viscount1] 24/5/2024 10:28

Some pro traders out there have made a mint with the price swings over the last couple of days, and now have NGPN arb to play as well.

Good luck to them.

[viscount1] 24/5/2024 10:23

The short answer is yes, and you should check with your broker that they know what to do.

[dogray123] 24/5/2024 10:20

Help please,I bought NG. on 23/05/24 do I qualify for the rights issue
sorry to ask but I’m new to this

[viscount1] 24/5/2024 10:17

Bid/offer on the nil paid (NGPN) is much tighter than I thought it would be.

However, they also look undervalued.

[anhar] 24/5/2024 09:51

How can anyone even guess at the xd low? The divi is about 39p so that in theory the opening price at xd on 06 June should fall by that amount. But, there are two serious unknowns here.

First, we can't know the price immediately preceding xd, ie. the close on 05 June.

Second, even upon going xd there are all the usual random forces acting on share prices as always, which move the share up or down independently of the xd effect.

So I find it pointless to speculate on the xd price, such guesses are useless imo, similar to how long is a piece of string. Hope nobody takes this seriously.

[berny3] 24/5/2024 09:51

what is the yield on next div on this price?

[antoniogramschi] 24/5/2024 09:44

They'll be another selloff after the xd. This is one to avoid for the time being.

[garycook] 24/5/2024 09:26

Looking like the low will be around 840p, after the XD.

[action] 24/5/2024 09:18

Any idea how low. Last time I traded this around 700 to 725p

[kingkernow1] 24/5/2024 09:17

Could be worse, you could be 2 years into a maxed out sharesave scheme.

[lippy4] 24/5/2024 09:09

i would say destroy the country as if you look around its falling apart with no maintenance of our streets and roads..

[garycook] 24/5/2024 09:06

What will the share price be on 06/06 after going XD ?

[antoniogramschi] 24/5/2024 09:04

I'm holding off from buying - this is going lower over the next few weeks for sure.

[1carus] 24/5/2024 09:03

Bounty, if the net consideration per share of the rights issue was 120ish based on the 1120ish from the 20th May, this seems like a fair entry point for anyone who has no skin in the game.
Only thing that is stopping me is how do we think those across the pond will take to this today and what will happen to the price when they open. Irrationally, I hate Fridays too!

[goldgeezer] 24/5/2024 09:01

Red-Pilling in a Clown World by Charles Foxtrot is a great read. Get AWAKE!!

[laurence llewelyn binliner] 24/5/2024 09:01

On dates, Smart Investor have not yet put their corporate action together to opt in/out, but if a holder wants to take up the 7/24 rights at 645 pence, when is the opt in and payment cut-off..?

What a day I picked to be away from my desk and information yesterday.. :o)

[goldgeezer] 24/5/2024 08:53

You are correct. NZ, Climate, Covid, Mass immigration, Gender Nonsense are all part of the plan to destroy the private sector, private wealth and social cohesion. Wake up to the MSM and Globalist WEF agenda. Be AWAKE.

[demo trader] 24/5/2024 08:48

S/B Price on NG.

adjusted to £10 bet to £12.9 (i.e. if bought at 1025p, need nearly 940p to b/even)

[pierre oreilly] 24/5/2024 08:47

Net and zero is the worst combination.Those two words will wreck investments thought to be safe, and more widely wreck our economy. This is just the start, there'll be plenty more economic suicide to come. I'm beginning to think that may be one of the aims of NZ.