National Grid Share Discussion Threads

[1carus] 12/6/2024 16:23

Skinny... everyone's biggest holding is now RR. LOL

[skinny] 12/6/2024 14:17

All NG shares now showing with HL.

Despite taking up the rights, these are no longer my biggest holding by value.

[davius] 12/6/2024 13:36

Good news from the US then, as everything I hold suddenly went up...

"US Consumer Price Gauge Comes In Below Most Estimates"

[1carus] 12/6/2024 13:30

Labour have to fix rail and water. They have no money left to buy ftse 100 bluechip companies thank god, at least not in the first term, and given their record even less in their second term. However, still likely to impact share price until they actually say what they are going to do with regard to anything. I don't like the current tory bunch and how they have handled so much over the last 14 years, but at least they have some sort of plan. I hear fix this, fix that from labour, but looking at their front bench I just don't see any ability there unfortunately.

[pierre oreilly] 12/6/2024 13:15

Gold, not sure i understand the question.

But if you have say 100 ngpn which you have let lapse
and they sell 100 ng. at 880p raising gross £880

the gross to you will be 880 - 645 (the rights cost you didn't pay)

which is £235 gross then they take off costs (which could be anything, i'll guess at £20)

leaving 215 for you which they'll credit to your account.

There's a min payment of £5, so they have to raise a net of costs £25 under the above before you get anything.

[davius] 12/6/2024 12:35

If they base it on the closing price yesterday, then a lot less than it would be today.

[goldgeezer] 12/6/2024 12:31

How much for RI taken up but not paid for NGPN holdings? Currently showing as 200p?

[ironhorse] 12/6/2024 12:29

Thanks LLB&PO

[pierre oreilly] 12/6/2024 12:22

iron, done at 8 this morning. May take a day or two for brokers to reflect that in accouns.

Now just 98m shares to be found a home iirc, and the rights will be all done and dusted. They may have already found a home - looks like inst demand at these prices is high.

Re the cash raised from the rights not taken up, then those with less than about 70 shares (about 750 quids worth) pre issue, assuming an estimated £20 minimum costs being charged, will get nothing from the sale.

[laurence llewelyn binliner] 12/6/2024 11:51

NGPN are de-listing today, so the transition to ordinary shares is a work in progress..

[ironhorse] 12/6/2024 11:18

When will the rights shares be combined with existing shares ??

[skinny] 12/6/2024 10:39

HL still not showing the new shares....

[davius] 12/6/2024 09:59

Goldman Sachs raises National Grid to 'buy' (neutral) - price target 1,059 (1,007) pence

[demo trader] 12/6/2024 08:01

91% rights success

[willoicc] 12/6/2024 07:54

'The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Rights Issue Price of 645 pence per New Ordinary Share and the expenses of procuring subscribers, including any applicable brokerage commissions and VAT which are not recoverable) will be paid (without interest) to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be aggregated and will accrue for the benefit of the Company.'

[pander45] 11/6/2024 23:02

Labour - tax and spend, tax and spend, spend, spend, spend, bust, post it note, exit. Nothing will change this time around.

[goldgeezer] 11/6/2024 16:21

No one is safe from a Labour govt. You need to worry more about being stabbed in the street, by the ensuing lawlessness, than the value of your NG shares, though.

[utyinv] 11/6/2024 00:35

242cox,

Because as Bounty has noted and included in the top of this bb ( details of the Rights Issue), :-

Existing Shares marked "ex-rights" by the London Stock Exchange..8.00 a.m. on 24 May 2024

[242cox] 10/6/2024 22:42

I bought shares on 24th May in a trading plan but have not been awarded rights.
As a novice: why not?

[freedomexpress747] 10/6/2024 22:26

Anyone know the figures on splitting up UK and the US operations, if it came to that? Would that release value?How safe are shareholders from a Labour government?

[goldgeezer] 10/6/2024 20:21

Everything those clowns do will be a disaster, so will be reversed by Farage in 2028

[bargainsniper] 10/6/2024 16:25

Labour will revert ban on petrol and diesel-powered car sales to 2030, if elected

[kryss] 10/6/2024 14:42

Its not ahead of everyone else, ICU production is being limited until then. You can still buy until 2035, but manufacterers are supposed to have 100% of their production EV by 2030 or face big fines.

[bargainsniper] 10/6/2024 12:16

Labour 2030 ban on petrol/diesel cars ahead of everyone else will only serve to make the UK poorer. Increasing wind fall tax will kill off North sea investment. Their green energy won't be cheaper. Their 'Great British Energy Company' isn't a company, it won't make bills cheaper. It's fairytale politics