National Grid Share Discussion Threads

[laurence llewelyn binliner] 26/7/2024 15:29

#Skinny, nice to see too, having taken the RI up in full, and added on top to double the position.. :o)

[skinny] 26/7/2024 12:40

975.60p post RI high.

[growthpotential] 26/7/2024 12:04

Time to get a new broker...

[philanderer] 23/7/2024 10:37

BlackRock’s Avigdori buys National Grid


BlackRock manager Adam Avigdori has taken a stake in National Grid (NG) after the shares powered down, creating a ‘valuation opportunity’.

He added the Citywire Elite Companies AAA-rated utility company to his £37m BlackRock Income & Growth (BRIG) investment trust. The shares rose 1.6% to 949p on Monday.

‘We view the recent rights issue, a dividend cut and a 20% fall in the share price [at the end of May] as a valuation opportunity with the company’s shares now being well-funded for the future,’ said Avigdori, who runs the trust with David Goldman.

He said the growing demand for power consumption driven by electrification, alongside AI advancements ‘indicates a significant growth trajectory


citywire.com

[s2lowner1] 23/7/2024 05:56

Still no dividend from Barclays

[laurence llewelyn binliner] 20/7/2024 10:40

Nothing received from Barclay SI yet, not sure if it is down to the IT outage or not, usually the blue-chip FTSE dividends land same day..

[skinny] 19/7/2024 11:38

Dividend in at HL.

[rik shaw] 19/7/2024 09:50

HL generally add divis around 12-1pm.

[talldarkslim] 19/7/2024 09:46

No sign of divi at HL yet

[laurence llewelyn binliner] 19/7/2024 07:35

Pay day ... :o)The DRIP buys going back in again will help give the share price a nudge but the trend is up as expected..

[gilesy911] 18/7/2024 21:08

Dividend tomorrowBeen a long time coming

[newbank] 16/7/2024 16:09

All UK Stock vastly undervalued in comparison to US stock.

FTSE most undervalued stock in the first world.

[anhar] 15/7/2024 10:00

The calculation for the rebase is the 24 actual divi of 58.52p x 24/31 = 45.3p. That is what the 24 divi would have been, had the number of issued shares already been enlarged by 7/24 from the rights issue on the same total payout.

The 25 divi should then be 45.3p plus CPIH inflation.

[jam62] 11/7/2024 16:49

Thanks for confirming rebase. Rights issue document nearly 200 pages and didn’t fancy searching for the relevant paragraph.

Given that, I don’t believe a rebased dividend in any way diminishes the bullish case.

[utyinv] 11/7/2024 16:35

I had a chat with Andy Agg and he is confident that by 2029 the Asset Value of the Company will be circ £100 billion. But this also depends that the money raised is well spent. When I was at NG for every £1 spent it was expected that at least £1.50 of value would transpire, ie, the Company doesn’t spend without expecting a decent return, that was the philosophy at NG and am reassured that that has followed through to today’s practice.

[utyinv] 11/7/2024 16:29

Jam62,

The rebase dividend was reconfirmed at yesterday's AGM, which I attended.

[rivetest] 11/7/2024 16:18

I am down overall due to the first (of many) RI and insufficient funds to buy more. Not sure I want any more rights issues, but only 7 of 60B raised so far...

[1carus] 11/7/2024 15:54

I am 10% up after buying in exdivi ... if this continues the 1-2% divi difference matters not at this point.

[pierre oreilly] 11/7/2024 15:47

jam, the divi is being rebased next year. If you bought your total rights allocation, then in cash terms your divi stays the same. But after that, it's very safe and growing.

[jam62] 11/7/2024 15:32

Kernelthread

I will check to see whether the company intends to rebase the dividend to take account of the enlarged share capital. Some do and some don’t.

[goldgeezer] 11/7/2024 15:27

That assumes all things being equal, however, the money raised should be wisely invested to increase returns.

[kernelthread] 11/7/2024 15:12

It's not a 6% yield - it's 4.7% at the current price. Last year's dividend of 58p total has been diluted by the rights issue so this year's total should be 45p.

[laurence llewelyn binliner] 11/7/2024 15:08

Doing very nicely here now after taking up the RI and doubling down overall in the recent sales.. ;o)

[jam62] 11/7/2024 14:59

Don’t look a gift horse in the mouth. I believe this to be a genuine growth stock rather than just a boring high-yielding utility. Very rarely will you see genuine growth stocks with a high yield, in this case close to 6%.

The recent successful rights issue, and accompanying indigestion has created an anomaly in terms of share rating. In recent days a number of prominent city brokers have identified the security as having outstanding value.