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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
  -4.50 -0.44% 1,028.00 7,212,479 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,025.50 1,026.50 1,040.00 1,021.00 1,035.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 18,449.00 3,441.00 65.40 15.7 37,625
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 2,205 1,027.09 GBX

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Date Time Title Posts
20/1/202310:27NATIONAL GRID WITH CHARTS/NEWS/LINKS8,402
14/11/202212:40National Grid - Powering Ahead!94
04/2/201815:33NG--with charts.3
06/8/201512:21NG. with charts2
18/1/201210:49The New NGT/NG.269

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National Grid (NG.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-01-27 18:45:011,027.092,20522,647.33O
2023-01-27 18:28:261,029.053,00030,871.50O
2023-01-27 18:00:511,032.506326,525.40O
2023-01-27 17:59:001,026.19118,4541,215,557.18O
2023-01-27 17:58:411,028.002,83729,164.36O
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National Grid (NG.) Top Chat Posts

Top Posts
Posted at 28/1/2023 08:20 by National Grid Daily Update
National Grid Plc is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 1,032.50p.
National Grid Plc has a 4 week average price of 995.40p and a 12 week average price of 955.80p.
The 1 year high share price is 1,266p while the 1 year low share price is currently 844.40p.
There are currently 3,660,067,610 shares in issue and the average daily traded volume is 7,993,956 shares. The market capitalisation of National Grid Plc is £37,625,495,030.80.
Posted at 02/11/2022 19:32 by utyinv
NG has fallen sharply in the US this evening. Expect a fall in the morning.
Posted at 11/10/2022 08:29 by utyinv
I am struggling to understand the complacency of the BoDs regarding the consistent fall in the share price.

The pre close, interim period, statement yesterday, gave very little in the way of optimism for investors to cheer about.

Yes global stocks are falling but here is a Utility, that is a defensive play, ie it held up well during the pandemic period, Labour have ruled out Nationalisation, preferring to invest in a new National Energy Company, that will work alongside the private sector and use National Grid services, so what is there not to like?

Maybe the fall is an over reaction and Shysters trying to make a quick buck. Qwasi’s uncosted budget was a disaster. What was he thinking about? Meeting Hedge fund sharks to brief them before the budget, photographed drinking champagne with them is reminiscent of scenes from the Big Short film. Was he simply naive or simply festering his own nest before throwing the current Government under a bus?

The leadership campaign was too long, protracted and devoid of any leadership / Government when the ship was sailing through a storm. Boris choosing to have three holidays whilst still Prime Minister in status only. Typical of Boris. The position of holding office without making decisions suited his personality … all the kudos of high office but devoid of any action.

How long before this financial storm ends?

Posted at 07/10/2022 12:51 by lovewinshatelosses
No point comparing NG to Tesla - but a good example of how irrational the markets are! How many people lost their shirt shorting the latter a couple of years ago, when it was an 'obvious' short...but the share price kept on rising to ever loftier levels?
I should have added in my last post that the BOD here are like so many in large listed corporates - complacent and haughty (IMO of course) - but as long as the major shareholders are satisfied with the set up, then that is that. I guess if enough small PI's attended AGMs and lobbied hard for a change as you are suggesting, over a sustained period of time, then perhaps it would change. How many are actually willing to do so? Very few, I would imagine and so we are back to where we started. IMO most PI's who invest in stocks like NG do so on the advice of IFA's or their pension fund managers; traditional passive investors, who probably pay little attention to anything of note, apart from whether their dividends are getting paid and maybe if the share price tanked or rose considerably. Even then, most simply do nothing. Over the past 40 years, this has been a very good strategy in fairness. As for the next 40 years? Well...lets see how the next 3-5 years go before looking any further ahead.

Posted at 07/10/2022 08:16 by utyinv
lovewinshatelosses,

If you watch the share price over say ten years you will see that the trend is always the same after June there is no need to hold the shares and Institutions either offload or loan out to those who wish to short, for an additional fee ( loan fee).

That is fine if you wish to day trade etc but not if you wish to leave it and expect it to continue to grow over the years. To get back to £11 or even £12 will take all the effort of the April yield to get there. But the stock has only reached £12+ twice once in 2016 and again this year.

This Utility is the most efficient and prosperous with opportunities to become far far bigger than todays level and this should be reflected in the share price. £20/ share is not unreasonable for a major utility that operate in both the UK and USA with 50% of its revenues coming from US$.

If a car maker can be worth £1 trillion when there are many car firms to choose from, when tesla has a range that will invariable leave you stranded for any lengthy journey as opposed to a Utility that is reliable, delivers all the time and needed by every one of us. Completely illogical that Tesla an average one of many car firms is 32 times bigger that the Great NG that provides critical activities in the UK and the USA ( in affluent areas such as NY, NY State, Mass, Boston etc)

Posted at 06/10/2022 15:36 by utyinv
Yanks shorting the stock. Will the Company ever listen and adopt the quarterly dividend philosophy? No, because they say institutional investors like it this way so that after final dividend they can short the hell out of the stock.

Then people wonder why the shares don’t grow over the years. Because to make up the vast loss in share price due to the short, it would need a miracle for it to grow. Yes I believe its not unreasonable for a leading world class utility working across two continents to be worth £66billion ( £20/ share), but it would take the CEO JP and Agg CFO to pay a little extra in admin costs to bring in a quarterly dividend ie, circ £100k as opposed to losing £12billion in share cap. The shares would not be sold off if there was another evenly weighted dividend around the corner.

Don’t forget, a low share cap doesn’t look good when the Company needs to borrow to invest in capital infrastructure

Posted at 26/9/2022 14:27 by newbank
Uty,

I agree. A lot of volatility is being played. BoE Bailey was proved wrong on numerous occasions. As has been mentioned, Haldane was sacked for warning about inflation reaching 11% in 2022, Bailey saying he was wrong and that inflation would reach 5% and be transitional. Haldane was spot on.
Haldane warned that the excess of Furlough money being paid out was in excess of what was needed. No one could go on holiday, travel or go out to pubs / restaurants etc due to lockdown. High inflation is IMO orchestrated to eradicate debt created by Boris and Sunak.

As the FED raised interest rates by 0.75% on numerous occasions, Bailey waited and delayed. What is needed is a number of 1% interest rate increases to arrest inflation and if that dampens the housing market, then as so many have said before, every property is affected pro-rata and a reduction in property prices would assist the young and those wishing to move up the property ladder.

National Grid's revenue calculations are linked to inflation and the debt that the utility has is approved by the regulator as a way to reduce the burden on the public ie, the customer will pay back capital expenditure over 40 years.

You quite rightly say, that NG revenues are split with a large proportion coming from the US where the ROE is at least 9% and paid in dollars, no sense to the fall in share price, just speculators playing on fear.

Posted at 14/9/2022 09:01 by utyinv
Also current market cap is too cheap. All uk stock is cheap. Look at FTSE in 2018 look at it now. Then compare to other indexes.

If a a car Maker ( Tesla ) can have a mkt cap of £1 trillion its not illogical that one of the most efficient Energy Transmission systems in the world should be valued at £72 billion. That would make the share price £20/share.

Posted at 07/4/2022 08:14 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. ;)
Posted at 07/1/2022 12:18 by elena saratov
UtyINV,

You posted 3 times.
Are you trying to convince yourself?
I have no doubt that there are investors here who see Utility and Dividend but have not researched the Business in detail.
We have researched the business in depth and what is apparent is that NG. buy debt riddled businesses and sell some of them on for more than the purchase price.
However they are keeping the debts and rolling them up.
So the Debt is increasing at the same pace as the share price
Whilst there is so much (misplaced in our opinion) confidence the share price is going to fall only very slowly.
However once it breaches the 1000p level it will gather momentum.
If it does reach an oversold position there may well be another short term trading opportunity to make gains from the subsequent rise.
For information, no postings here can affect the share price of a multi billion Utility company but I thought the idea of these forums is to share different views so that we can help each other?
Good luck with your own investment decisions.

Posted at 21/8/2021 03:55 by utyinv
Greenbee,

Depends how you hold your shares and where. Some Isa providers ( if you hold your shares in a Stocks and Shares Isa) do not subscribe to scrip dividends.

If they do or if you hold your holding in share certificate form, you just need to advise the registrars.

However, they aren’t all that its cracked up to be. Instead of taking a dividend NG will announce some weeks before the dividend is paid what price you will be charged in order to purchase the shares, usually the market price of the average share closing price over three consecutive days, sometime before the dividend payment day. So if the price is quoted as say £9.65/ share and your holding has warranted a dividend payment of say £2000, then you would be entitled to 207 shares (instead of receiving a dividend), with the remainder of £2.45 given to a charity of your choice.

I said it’s not cracked up to be what some people envisage, ie, many times the option share price is higher than the normal share price on the day the dividend is normally paid.

Yes you do save on buying fees if you were going to reinvest the dividend anyway, but sometimes if you let the dividend sit in cash, wait for the price to diminish over a few days after dividend payment day, before you buy. Share Prices usually increase at the time the dividend is paid because those isa holders who instruct the provider to buy shares with the dividend usually do so as a block buy. Once all the monies are consolidated across all its customers who opt to reinvest the dividend, the provider buys at market price. The trading numbers go up for a few days after dividend payment day. I usually decide to buy at a time of my choosing ( when the share price has dropped), or buy other stock that is out of favour and at a good price.

One thing becomes very obvious if you do opt for scrip dividend shares, is in the aftermath, you may well realise that you could have bought the shares cheeper, at a time of your choosing. Hope this helps.

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