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NG. National Grid Plc

1,040.00
10.00 (0.97%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Shares Traded Last Trade
  10.00 0.97% 1,040.00 8,711,417 16:35:09
Bid Price Offer Price High Price Low Price Open Price
1,041.00 1,042.00 1,043.50 1,028.00 1,034.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 4.93 38.43B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:21 O 747,048 1,033.50 GBX

National Grid (NG.) Latest News (1)

National Grid (NG.) Discussions and Chat

National Grid Forums and Chat

Date Time Title Posts
20/4/202406:57NATIONAL GRID WITH CHARTS/NEWS/LINKS8,836
30/11/202314:11National Grid - Powering Ahead!98
04/2/201815:33NG--with charts.3
06/8/201513:21NG. with charts2
18/1/201210:49The New NGT/NG.269

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National Grid (NG.) Top Chat Posts

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Posted at 20/4/2024 09:20 by National Grid Daily Update
National Grid Plc is listed in the Combination Utilities, Nec sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 1,030p.
National Grid currently has 3,688,191,645 shares in issue. The market capitalisation of National Grid is £38,430,956,941.
National Grid has a price to earnings ratio (PE ratio) of 4.93.
This morning NG. shares opened at 1,034.50p
Posted at 11/4/2024 16:01 by utyinv
Yanks at it again. This stock should be £20/share. Guaranteed income from both UK, USA, Inter-connectors, and unlicensed business.

When you look at the level of ADR US shorts the Hedgies over in the US have in place, shows you they are manipulating the share price Just hope they get a taste of a similar sting that VW/Porsche inflicted a few years ago on short traders, catching many off guard and on the wrong side of their short trades, making a lot of hedge funds go bankrupt. Devine justice was my call.
Posted at 07/3/2024 12:21 by pierre oreilly
1c, Not sure how you can see no value here. If it has roughly 11bn unregulated in the us (or maybe regulated in part by us authorities, or at least told what to do by them), and 11bn regulated in the uk - then that seems value to me. Part of the uk regulators job is to ensure ng. makes a decent return on its (uk) assets - money for old rope if you ask me, and pretty much zero or extremely low risk making that cash. (No chasing bad bill payers, no sales teams etc etc - it's different to all other businesses imv). With 'one off' costs (like the splitting of the cegb in the past and likely great extra work 'upgrading' the grid for renewables, the regulator will allow ng. to pass on the extra costs, eventually to consumers, via an uplift in the err uplift). Hence the rapidly rising electricity bills (and beyond the smoke and mirrors, the coming very small cut in rates/kWh will be offset by yet another high rise in the standing charge). Well, someone has to pay for 'grid upgrades' to handle intermittent generation.

Treat ng. like a gilt - safe profits, safe rising divi, but will never be spectacular (although I'm very happy with the performance since privatisation). Not so happy about the electricity bill rises though, which many can now no longer afford.
Posted at 14/2/2024 16:28 by utyinv
anhar;

Not anti-American by far , hold many US based stock and spend a lot of time in US, but the Hedge Shysters are definitely shorting UK stock more than their own stock. NG is very successful with great potential but that is not reflected in its share price.

Maybe a Qrt divi policy would curb the level of shorting that Yanks carry out on Brit Stocks
Posted at 15/12/2023 18:11 by newbank
viscount,

I have been investing for over 40 years and in 99.9% of cases buybacks do absolutely nothing for the Investor that require income and growth from their nest eggs. The shares stay low. Just one example of this is within the banking sector. The share prices of all our banks are still at firesale value.

Buybacks only help the 'Board' which artificially boosts the PE triggering a bonus. In addition, the ‘Board’ are employees who get paid a great deal of money to do their job. Many of the shares bought back in buybacks are not cancelled but banked to provide unjustifiable bonus giveaways to the Directors who do an average job.

The logic in how Buybacks are executed baffles many. Ideally, buyback should occur when the share is at a low price but invariably we see the Companies buying back at high prices.

Just remember Investors include many pensioners and professionals who have invested life savings in order to get extra income to supplement their pensions or salaries.
Posted at 06/12/2023 09:16 by utyinv
anhar,

When there is any news about Elect Generation the media puts up photos of NG Transmission lines. There is much confusion and consequently illogical general sentiment that tends to affect our share price. However, when the spotlight is placed on Elect Generation it usually shines on NG too where many like to take a swipe at the Company not because of knowledge but because of ignorance or Shyster Hedge Funds trying on any account to depress the share price to make a short term killing.

You also have to acknowledge, that NG revenues are inextricably linked to Elect Generation too, .
Posted at 09/11/2023 10:29 by anhar
As an income investor, good to see the divi up an attractive 8.7% to 19.4p. Taking this and last year's final of 37.6p totals a rolling 12m 57.0p. On the share price of 975p this makes a historical yield of 5.8%. Forward yield should be a little higher as the 23/24 final will likely be ahead of last year's.

Downsides, in common with utility shares generally, are the low dividend cover and the huge debt and consequent gearing, which are nearly always present so nothing new there. These two negative features can threaten divis in time if not contained and utilities are not immune to divi cutting.

However I'll continue holding in my income port, as I have for a very long time now. Share prices don't interest me much, it's all about the divis in my strategy and NG. has a fine record on that.
Posted at 04/9/2023 14:49 by utyinv
Without sounding like a broken record, the only way this share price will reflect true value is if the Company adopted a quarterly dividend. Thus creating more stability and less volatility . Hedge Fund parasites won’t have much time in between dividends to short and buy back.

I would also like the ‘City’ and politicians to be less ignorant when looking at NG. How many times when there has been an issue with Generation or Energy retail Companies do they show a NG Transmission Line? NG only accounts for less than 5% of bills if that has increased slightly its due to the imposition put on NG to connect clean energy sources to the system without proper reward / incentive. If Tesla ( car production ), can have a cap close to $1 trillion, I cannot understand why an essential commodity which is 100% outside Government hands shouldn’t command a market cap of £100billion. After all an unreliable overpriced car is less important to the public than Essential Electricity when you want it night or day, even on Christmas day.

BTW £100Billion cap for a world leading Utility is not unrealistic if put on a level playing field. The share price would be £27/ share. Brings things into perspective a bit doesn’t it.
Also got to remember every household were given free shares at Privatisation, so you can kiss goodbye to any argument that stocks and shares in utilities are the domain of the rich. The well off kept them rather selling them for holidays etc etc.

NG is not a Charity. It is a fair, well run efficient Company and shouldn’t be confused with the Generation or Commercial Supplier rogues.
Posted at 23/8/2023 12:50 by utyinv
Viscount1

I beg to differ when dealing with blue chip FTSE stock. Take for example Lloyds. Been doing buyback for years and the share price is struggling to get above 45p. After the financial crisis when AH took over at the helm, the price was 61p. After 12 years and Charlie Dunn in charge of the bank after AH left, the share price is 42p.

RIO, GSK, BT, PSN, ( just a diverse selection of the Main Companies that form part of the FTSE) all have done extensive share buybacks, all of which are at their lows in terms of share price. Share buybacks are for senior management of Companies that have run out of innovative ways of improving performance and building revenue. It’s an ‘Accounting217; fix to allow the Directors to meet their targets.

Wishful thinking I know, but I would like Directors pay to be linked to share price. If the share price rises by 10% a year they have met their basic targets to justify their basic pay. Increase share price by 20% they deserve a bonus. If share price falls they deserve their basic pay to be cut accordingly.

Don’t forget, people are not entitled to claim a salary for work not done or targets not achieved. They (Directors), get paid well to deliver. If they don’t deliver they should be sacked.
Posted at 23/8/2023 09:38 by utyinv
So buybacks work?

So many Companies buy back shares but they don’t clearly advertise that they issue new shares to pay directors remuneration and bonuses.

The buyback is a complete fix because it links too closely with Directors performance targets of improving earnings per share. So Directors and the CEO doesn’t really have to work or improve performance of the Company, all they need to do is get buybacks sanctioned by the mass institutional shareholders ( that they are in cahoots with)
and the earnings per share increases, ie,

Company has 100 shares, e/s say is 15p, current price per share ( irrelevant ) £2.25

Buy back 20 shares (leaving 80 shares in circ) e/s automatically increases 18.75p if the revenue is stagnant.

Some would say that the share price would increase but it invariably doesn’t, because it pays the financial institution contracted to buyback shares to keep the price low.

Before buyback took off big time over the last 15 years, the average P/E of a British Share was 20. Now you would be lucky to see an average PE of greater than 10 unless its a speculative share.

Ban share buybacks, do not reward directors based on earnings per share. Reward Directors on how much the share capital has increased.

Do not give shares to Directors or Employees to reward performance. Everyone is paid a salary to do a good job. So why pay bonuses?

A bonus used to be infrequent years ago and only issued when extraordinary performance was achieved.

Look at share prices of the main FTSE Companies, they are undervalued by 50% in comparison to other indexes.
Posted at 07/4/2022 09:14 by medieval blacksmith
Perhaps you can enlighten this thread as to your current intrinsic valuation of what NG. share price is and whether you see the current price as high. That would be a good start. ;)
National Grid share price data is direct from the London Stock Exchange

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