National Grid Share Discussion Threads

[garycook] 30/5/2024 09:26

POR. No, 755p would be better with a 6% yield on the rebased 45.3p Div, but if NG falls double the Dividend next week around 80p !

[willoicc] 30/5/2024 09:24

The price is already taking account of the rights issue. Nil paid today around 150p plus 645p due = 795p. Full quote today 835p less dividend 39p = 796p

[davius] 30/5/2024 09:23

"When all those new shares are issued, price will be further depressed."

What nonsense. If the market were that predictable, sell your house and put in on an NG. short position.

I've taken a thousand today at 834p as a long term income stock. Short term doesn't really matter now. And I'd rather be paying 834p than 1100p plus of over a week ago, even if that comes at the price of a 29% dilution.

[zicopele] 30/5/2024 09:15

When all those new shares are issued, price will be further depressed.

[pierre oreilly] 30/5/2024 09:14

Is 800p significant for some reason?

[garycook] 30/5/2024 09:10

If NG stays around this level. Next Thursday 06/06 going 39.12p XD. NG will be less than 800p

[anhar] 30/5/2024 08:47

As purely a long term hold divi investor I'd want a minimum 5% immediate yield at present from a utility with the prospect of inflation increases over time. Thus on a forecast 25 divi of 45.3p this implies a max price of 906p. 5% seems attractive to me based on current interest rates and a yield on the FTSE100 of 4% or less.

So imo NG. is good value for an income investor at anything under 906p with present conditions. Of course it's well below that now at 836p for a 5.4% forecast yield. In my strat I take no position on the likely direction of the share price when I invest, only on the potential divis and other fundamentals.

I stress that my views are as a diversified port income investor; those seeking gains will have other ways of judging the share.

[pander45] 30/5/2024 08:46

There you go, they could have fixed that but did they? Nope. More cash.

[pander45] 30/5/2024 08:45

At least I won't be around to get depressed again at 9999.

[laurence llewelyn binliner] 30/5/2024 08:00

Post XD for sub 800 looks likely now for those looking to average down some with the rights taken up 645 pence too..

[jfishy55] 30/5/2024 07:53

bountyhunter...it's earlier than 9999 - actually 2038 when the date can no longer be held in 32 bits!

[garycook] 30/5/2024 07:47

Who is looking to buy NG at 833p.Year low ?

[zicopele] 30/5/2024 07:45

Why bother paying dividends for the last ten years if National Grid are going to take threm back in one hit?

This company is fast becoming a dog, courtesy of net zero.

[bountyhunter] 30/5/2024 07:01

Pander, it wasn't the computers that couldn't count beyond 2000, it was the programmers! The fix was to replace the coded two digit year with a four digit year, so another problem was created for after 9999 😉

[pander45] 29/5/2024 22:20

The human race is brilliant at inventing a problem when there isn't one. Especially when there's money involved. Fear and greed, a powerful combination, just supply and demand under a different cloak.

[freedomexpress747] 29/5/2024 22:11

Hi, been looking up dunkelfluate, not only a German problem... history buffs might check up the year AD536.Perhaps we all might need a generator tucked away in the garage??I am back into NG shares, intending to Hold for a year or so... see how it all pans out.

[pierre oreilly] 29/5/2024 21:19

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 20:42

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 20:35

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 20:34

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

[pierre oreilly] 29/5/2024 18:45

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.