National Grid Share Discussion Threads

[pierre oreilly] 25/5/2024 16:29

The numbers are... My shares have dropped 37k in 2 days and I have rights worth about 6 k. The loss should be protests for everyone, I.e. 6 times more loss than the value of your rights.FFS, German energy transition has been a mega disaster, and so we simply follow and do more or less the same.So I have given 30grand plus a lowered divi to increase consumer bills further, faster and to put even more families into fuel poverty.Pettigrew you are a disgrace. I know you are only doing what gov diktats order you to do, but don't you have some morals? You know bills will rise massively due to this and you know you are putting many families into fuel poverty. I would have told the gov to eff off and resigned. Is it worth doing for 7m pa?

[laurence llewelyn binliner] 25/5/2024 16:28

#UtyINV, it has caught me out too, all mine are inside an ISA, I will have to exit some of another position near term to take up my rights, but at 645 pence it does not make sense to let them lapse, then I will add post XD to get a better average holding price and keep the lot for a decade..A PITA, as another month of incoming dividends would cover the rights costs..

[bountyhunter] 25/5/2024 16:20

I must take a look at Nexans, any other suggestions along the same lines?



Labour's response to Tory plans made me laugh:

"Only the Conservatives have a clear plan for a secure future where we reach net zero without punishing families with extra costs.”

Responding to Ms Coutinho’s announcement, a Labour spokesman said: “This is not a plan – this is a call for evidence, a set of options, two consultations, a copy and paste job from an old letter, and lots of wishful thinking.

[utyinv] 25/5/2024 16:08

Laurence,
As you probably know already, some sell part of their holding to raise cash in ISA’s ( if max’d out in annual allowance already) to take some of the Rights.

At the end of the day, we have to be patient and see if NG delivers on its expectation that the Company will have a market cap of £100 billion.

Not too ambitious when compared to car Companies like Tesla or Dot Coms that are worth over a £Trillion.

[bountyhunter] 25/5/2024 16:02

They should have waited (and scaled down their grandiose plans) as interest rates are anticipated to come down and debt would then be cheaper. Pillaging shareholders for such a large sum will put off investors going forwards who have lost trust in the company, which may see the share price wallowing at a depressed level for some time to come, imho.

[laurence llewelyn binliner] 25/5/2024 15:27

Best option as I see it is to double down taking including taking up your rights at 645 pence to average down and double your holding post XD going forward to be part of the bigger company..

No right or wrong answer, but selling your rights is some compensation for the dilution..

[utyinv] 25/5/2024 15:25

Graham
I agree with Newbank as Pettigrew's remuneration increased from £6 to £7.2m it was also in all the papers.

Bonus?? Why are they getting a bonus for when shareholders have had their justified returns held back. Bonus’s should only be paid for exception returns not to stay stagnant or fall in value.

Bonus’ should be held back if performance is not achieved. Upshot is he took £7.2 mil however you disguise it.

As for the Pensioners, the Pensioners taught John everything he knows today and its completely disrespectful of how he negated his responsibility to look after those that built the NG Company it is today.

[natasonline] 25/5/2024 15:15

Green Energy or Green Envy? Inside National Grid's Plan to Save the World, One Shareholder Loan at a Timehttps://democrawonk.com/2024/05/23/green-energy-or-green-envy-inside-national-grids-plan-to-save-the-world-one-shareholder-loan-at-a-time/?utm_source=twitter&utm_medium=Twitter&utm_campaign=ReviveOldPost

[dr biotech] 25/5/2024 13:38

The optics of tapping shareholders for equity looks quite good. A big case against the water companies is that the shareholders have just extracted a huge amount of money whilst the companies have built substantial debts and underinvested in infrastructure. By having us pay for a modern grid removes that argument to a certain extent. Of course they could have cut dividends going forward, but that doesn't have the same look about it.


Not saying its right, but it looks good.

[viscount1] 25/5/2024 12:33

Unironically yes: Nexans is probably a good investment.

[lippy4] 25/5/2024 12:19

can you imagine the whole country covered in pylons,may be i should invest in a pylon maker as that is what is going to happen to spread all this supposed cheap electricity from wind farms which in reality is expensive.

they dont mention all the other cables that supply electricity to your home will need updating..


i will not take the new shares and will invest the money elsewhere..

[grahamdodds1] 25/5/2024 11:53

Guys seriously where do you think the money to fund the £60bn investment was going to come from? The reality is that it will have to come from a mixture of disposals, debt, future profits and new equity. They will be maxing out the debt raise (but not a great environment to raise debt currently), profits are easily forecast, one off disposals would help short term but eat into ongoing profits obviously.

There's no money tree, this would be the last thing they would want to do as it's the most expensive capital to fund.

My concern here would be is it enough, is there going to be another one in say three years time?

[bountyhunter] 25/5/2024 11:35

Choked on their caviar lol! That just about sums up the situation here.

Skinny, too late for that, we've already all been caught out hook line and sinker!

What's happened here the last couple of days here makes you wonder which inflation beating income shares may be able to maintain a decent dividend with growth under a Labour government. I'm beginning to think cash ISAs may be a better bet, that's until Labour attack those. You may as well give all your money to Battersea Dogs' Home and live off benefits!!

..or maybe just invest in US shares? But there's an election coming up over there as well.

[natasonline] 25/5/2024 11:24

@Vis maybe under normal conditions, but inflation is in no way good for a long term project that requires buying vast amounts of copper and steel in a high inflationary environment, costs could easily spiral.Don't believe the News reports about inflation being under control, I predict another big wave after the election.

[cynicalsteve] 25/5/2024 11:18

I do have a small amount of sympathy for the NG management, they must have choked on their caviar when they saw Sunak walking out into Downing Street to announce the election the day before their own announcement. A utility asking for more money on the day fund managers and private investors were asking themselves if they should reduce their utility holdings was always going to end badly.

[viscount1] 25/5/2024 11:04

"Inflation is still out of control and set to continue till the end of the decade."

If you really think that (I do not) then NG is a great investment because of how their regulated fees work.

[viscount1] 25/5/2024 10:54

Re: renumeration:

2022: 6.6M
2023: 7.3M
2024: 6.4M

[grahamdodds1] 25/5/2024 10:39

Newbank re 9064, I think the reason the chair disputed the numbers was because JP remuneration package didn't move from 6.0m to 7.2m.

Do people really not read the accounts these days?

When you read the accounts you'll note the package is split into various constituent parts. From memory the biggest increase was in the bonus elements which were set years beforehand including KPI's on shareholder returns. I think salary and pension actually went down versus prior year.

[pander45] 25/5/2024 10:32

It's simple maths for me, I will be buying the max rights issue.

[grahamdodds1] 25/5/2024 10:30

Gary re 9067, you need to add the equity net of fees into your calculations.

[dr biotech] 25/5/2024 10:30

You should also add the cash value of the new shares to total value

[natasonline] 25/5/2024 10:19

There's multiple knowns. If anyone has ever watched Grand Designs they know how a 300K planned extension some how spirals in to a 600K eco shed and results in family divorce and the property being listed on Rightmove 5 years later for 300K.Costs could spiral and they try and milk us again in 5 years for another round of funding.Inflation is still out of control and set to continue till the end of the decade. I see this costing more and making nothing.I'm completely negative about this entire thing.

[garycook] 25/5/2024 10:16

With £10.85B of new shares issued it dilutes NG share price by 29.4%, which gives a figure of 1127/29.4% = 796p. Are these calculations correct, or am I off the mark anyone ?

[nickrl] 25/5/2024 10:09

The National Grid is already unable to move the so call green energy from where its produced to where its needed at the moment and thats before Milliband get his hands on the levers and attempts to accelerate the ludicrous goal of NZ leccy system to 2030. So you could say NG are being smart here and jumping on the green bandwagon and by demonstrating that it (ie us shareholders) are prepared to put money into this venture they expect to get treated well by Labour to still keep earning a decent return. Personally in the short term with Reeves holding the purse strings Labour need the likes of NG to do the heavy lifting on grid expansion so I wouldn't worry too much about political interference id be more concerned about OFGEM who are dragging their feet and the planning bottlenecks delaying NG actually making the investments so a retrun can be made.