National Grid Share Discussion Threads

[utyinv] 28/5/2024 13:16

This article concurs with what Bounty has said ( post 9223), regarding buying a position in NG, if not already in:-

[laurence llewelyn binliner] 28/5/2024 13:00

#Pseudosphere, neat idea which I was looking at too, but not available on SI, we will have to wait for post XD for the best price and see if it beats 845 pence.. :o)

[bountyhunter] 28/5/2024 12:49

Apart from this year when if you subtract money paid for rights (to maintain the dividend) from the dividend received you won't get 10% or anything close.

[davius] 28/5/2024 12:47

Last bit of the article posted by philanderer...

"Bottom line? Income-oriented investors react emotionally to dividend cuts. Let’s put it this way. A decently run utility with a 10% total return potential should not be sold."

[davius] 28/5/2024 12:45

Gooner, I think the difference is because the nil paid are not liable for the dividend and can only be sold once the shares are ex-div. All things being equal, knock another 39.12p off that price for the dividend. The difference then is under 2p...

[bountyhunter] 28/5/2024 12:33

Maybe also consider the 7 for 12 new shares hitting the market on 12 June? Also the GE to consider on 4 July - factored in?

gooner - the shares dropped to 1126-122 = 1004p on Thursday before going ex-rights on Friday so your figure XR seems too high.

[pseudosphere] 28/5/2024 12:30

I bought some additional nil paid rights this morning. The NGPN price range, thus far today, was 195.8 - 215.4 and closely tracks NG. as expected.

You have to pay SDRT at 0.5%, plus the usual trading fee but it appears to be a reasonable speculation at the current price of approximately 200p.

Current NG. price is 886p, at the time of writing; so allowing for a further drop of 39.12p,when it goes ex-div on the 6th of June, may make it worthwhile, for those prepared to take a punt that all the bad news has already been priced in?

[goonerbob] 28/5/2024 12:18

Can anyone confirm the TERP(theoretical ex rights price). I've calculated it to be £10.19
Also the current NGPN nil paid shares are trading @ 200p which added to the RI price of 645p gives a total of 845p. The NG. Shares are trading @ 886p a difference of 41p!!
Is there a reason for misprice here?

[bountyhunter] 28/5/2024 11:55

1carus28 May '24 - 10:29 - 9216 of 9221
0 0 0
I want to get back in here.. but still probably going to wait until after the xd date to give it time to find some ditection.

Maybe even until after 12 June when the new 7 for 12 shares hit the market?

[bountyhunter] 28/5/2024 11:51

Eloquently put and exactly what myself and some others have been saying since the start 😉

[feddie] 28/5/2024 10:45

The dividend per share will be rebased from 58.52p to 45.3p (FY24 Results, slide 41).

This means that a long term shareholder will need to exercise the full rights just to keep the same total level of dividends: 45.3 * (1 + 7/24) = 58.5

Nice way to screw long term shareholders.

[goldgeezer] 28/5/2024 10:28

These targets are utterly pointless and only correct randomly

[philanderer] 28/5/2024 10:10

Royal Bank of Canada cuts National Grid price target to 1,125 (1,250) pence - 'outperform'

[dexdringle] 28/5/2024 09:44

《《298; COLSMITH28 May '24 - 10:04 - 9215 of 9217
....the big unknown is the political gremlin putting us all in the last chance salon 》》299;

Is that where condemned people get their final haircut ? 🤣

[viscount1] 28/5/2024 09:34

Technically, I doubt the share price will recover much until a little after the xd.

People selling off their NGPNs will keep the pressure on the NG share price, and new money that might go in is being used to take up the rights.

[1carus] 28/5/2024 09:29

I want to get back in here.. but still probably going to wait until after the xd date to give it time to find some ditection.

[colsmith] 28/5/2024 09:04

Apart from the huge offer and how NG will manage the needed cash over the years the big unknown is the political gremlin putting us all in the last chance salon.

[philanderer] 27/5/2024 23:06

Did Investors Overreact to National Grid’s Shock Announcement?

[marktime1231] 27/5/2024 22:28

UK national debt is over 2250 billion.

Renationalisation of infrastructure anyone?

[mj19] 27/5/2024 20:38

50billion debt that's huge Think I will wait this one out good luck toAll.

[natasonline] 27/5/2024 20:36

I own quite a lot of shares in BARC. I'm sure this Underwriting contract isn't going to move the needle but at least it's a little more cash back for me.

[bountyhunter] 27/5/2024 19:41

Behind a paywall but I know a handy workaround, keep this to yourselves..

Click on then long press the headline at the top and open in a new tab..

Well worth a read.


The largest equity offering in the UK since the Lloyd’s Bank 2009 rescue rights issue. Remember how that worked out for shareholders. That was much worse of course before anyone takes me to task on that one.

[viscount1] 27/5/2024 19:08

Funny article about how NG's bankers have made out like bandits from the rights issue:

[bountyhunter] 27/5/2024 18:40

Yes, them and the bankers are the only people who will be rejoicing. Oh, and management for the reasons that Uty explained earlier.