National Grid Share Discussion Threads

[pierre oreilly] 29/5/2024 22:19

I don't think there are any Bounty. The dept of climate and net zero has all reaching tentacles which will destroy the lot of them. Ng. is just the first.

M100 - There's nothing wrong with us ng engineers a comprehensive lobotomy couldn't put right. We'd need removal of all logic, reasoning, questioning ability, grid knowledge, maths ability, compassion for poorer bill payers, desire for efficiency, avoidance of waste, avoidance of duplicity, desire to tell the truth, desire to help our fellow man etc etc. We could then be prepared for the modern NZ world with our brain reset with high emotion, low intelligence, a certainty we are correct even with no knowledge, and an admiration of the scientific thoughts and grid design ideas of a teenage female truant.

(Btw, I'm copyrighting that last sentence and want royalties if ng. uses it for the essential qualities for grid engineer job applications).

[bountyhunter] 29/5/2024 21:42

I was hoping that that might end with a list of the great businesses of the future that are already out there!

[apollocreed1] 29/5/2024 21:35

Here's a quote by Terry Smith in an interview with AJ Bell, on where to find great businesses. He's not a fan of utilities.

"I will go back once again, third time in one interview, to the Warren Buffett quote on Coca-Cola. The chances are that many of the great businesses of the future are already out there and already pretty darn good.

Truly great businesses don’t mostly emerge out of absolutely nowhere. We can probably go and look at them already and they’re probably in a relatively small set of sectors of the market as well.

I mean do you think they’re going to be many great businesses that are going to emerge out the airline sector in the future? I’d bet against it. The mining minerals oil and gas, oh I don’t think so!

Utilities, think any utilities companies are going to be great businesses of the future? Banks, any banks?

So you can quickly boil it down… I mean the Stern Business school in New York does a regular update on a table that they just do where they look at sectors of the market and they look at their return on capital.

They give you a list of things that make returns above cost of capital, and things that don’t by sector. And it doesn’t change.

You look down, you go wow those are great returns in Consumer Staples, Consumer Discretionary, Information Technology, Medical Equipment and Devices, Pharmaceuticals, some elements of Communications and so on and so forth."

[bountyhunter] 29/5/2024 21:34

I doubt it, many of us agree with your sentiment!

[pierre oreilly] 29/5/2024 19:45

There's absolutely no requirement whatsoever for nukes to be 'rapid response'. There's a massive requirement for a high constant cheap base load around the annual minimum demand, which is perfect for nukes.

[pierre oreilly] 29/5/2024 19:39

Lippy 9304Yes, trying to shoehorn too much intermittent energy onto the grid is pretty much an incredibly expensive nonsense. Windmills don't meet the obvious primary requirement of a power matching grid that it is instructable. (I.e. grid engineers can't order windmills to generate what is needed at that time - they generate intermittently, sometimes when no further generation is needed, and sometimes generate nothing when there's a severe shortage at demand peaks. It's a bit like owning a car which sets off North at 200mph when you want to go South at 30mph. Or doesn't start at all when you want to go to work. Or goes 80mph when you don't want to go anywhere.You could own a car like that if you had another very reliable car following for those times you find yourself going in the wrong direction or speed.And that's more or less the same for our grid. Behind the unreliable intermittent windmill dominated grid, the old reliable one is there to come to the rescue when windmills don't deliver - hence you hear of old coal stations generating at winter peaks.The current Ng. Investment in infrastructure is basically all necessary due to the high level of intermittent penetration. The obsession with wind is perverse. It's a really poor, financially disastrous, generation technology. Why we are inflicting this on ourselves is very perverse.

[viscount1] 29/5/2024 19:26

Nuclear cannot be used as rapid response for "sporadic" supply as indicated by the OP. Yes, it can be turned up and down very slowly (and carefully) but generally the UK stations are taken to near max and kept there. Rapid response comes from CCGT, interconnectors and hydro/pumped, with diesel backups.

[pierre oreilly] 29/5/2024 18:58

Of course nukes can be instructed up and down, it's just that their ramp rates are slow. They can also supply a primary reserve service (like most big steam plant) where they can supply power automatically in response to frequency drops within a few seconds for a few minutes.

[utyinv] 29/5/2024 18:19

As I said before makes you wonder if the big boys had insight of the RI before being announced to the greater market on 23rd?

There was a lot of selling week ending fri 17th May ( closing price £11.38)

Hypothetically, if an institution had 1,000,000 shares and sold that would realise £11,380,000 take or pocket 1,000,000 x .3912p = £391,200 for lost divi leaves £10,988,800

Buy at todays price of £8.38 ( x 0.005% tax ) :- £8.4219 this trade would realise £10,988,800 / £8.4219 = 1,304,788 shares.

Still banking the dividend now rather than waiting for August and increasing your existing holding by 304,788 shares.

This example only gives you an idea of the benefits of finding out leaked news.

[viscount1] 29/5/2024 18:18

Nuclear cannot be turned up. Nuclear is base load and is slow to respond.

[lippy4] 29/5/2024 18:01

can the present grid operate with wind power being so sporadic as its not like nuclear which can be turned up when required.

thats probably why you need so much to allow for its inconsistency which is going backwards in my opinion..

[pander45] 29/5/2024 17:57

Nope, just a decent opportunity in my view. When I'm horrified, I buy, and the more horrified I am the more I buy.

[gilesy911] 29/5/2024 17:49

Thank you for that Davius

[talldarkslim] 29/5/2024 17:40

This is now oversold and UBS agrees

[gilesy911] 29/5/2024 17:05

What happens to the NGPN shares after 5 June

[goonerbob] 29/5/2024 16:39

Pseudosphere

My price target for NG. post ex div(6/6/24) is 680-720p

[willoicc] 29/5/2024 16:36

Companies are complaining about delays to connect their new projects to the grid. I guess this is to address those complaints.

Eg:

theenergyst.com/mps-to-hear-solar-developers-complaints-over-farcical-hook-up-waits/

[cynicalsteve] 29/5/2024 16:32

From the timing of the share price fall I think that American investors have woken up to the fact that they own shares (or ADRs) in a regulated utility in a country that is about to have a Socialist government. That would scare them even more than it scares us!

[trader2] 29/5/2024 16:31

200 Giga watts is quite a lot! UK base load is presently around 40 Giga watts.

[pseudosphere] 29/5/2024 16:22

The nil paid rights have now plunged so much that you can currently buy at under 800p, for a new share not entitled to a dividend. This includes the 0.5% SDRT.

[davius] 29/5/2024 16:17

Kibes

"But I don't like their plan, how is the electricity going to be generated to fill all the new infrastructure they are paying to install? They are jumping the gun and won't get a rapid return on their investment."

You should really be researching if there are companies you are considering investing in. Last summer the press was reporting at least 1000 green energy projects that were unable to connect to the grid due to lack of infrastructure. Most of these are still waiting.

Just do a search on something like "green energy schemes waiting to connect to the grid". National Grid will be getting a rapid return, as soon as they can spend the money to provide connections.

One quote from last year:

The UK has the longest queue to connect to the electricity grid of any country in Europe. There are about 200 gigawatts worth of electricity projects waiting for a grid connection, according to research by Bloomberg New Energy Finance.

[1carus] 29/5/2024 16:03

Anything sub 8.47 (8.10 ex divi)here has got to be worth considering as an entry.
I bailed on these earlier in the year and bought in to lloyds at around 44p, although recovering, I expect the banks to be an easy target for Starmer so looking at moving back in to NG. Slipping below 8.40 and heading towards 800 xd values. You can't always time the bottom but it gets to the point where you have to take Buffets's advice if it is a fair price for a good company.