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Share Name Share Symbol Market Type Share ISIN Share Description
National Grid LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Shares Traded Last Trade
  +8.20p +0.94% 884.50p 1,468,941 13:43:24
Bid Price Offer Price High Price Low Price Open Price
884.50p 884.60p 884.70p 874.00p 879.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 15,250.00 2,708.00 102.60 8.6 30,162.0

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Date Time Title Posts
04/2/201815:33NG--with charts.3
06/8/201512:21NG. with charts2
28/11/201213:43National Grid - Powering Ahead!83
18/1/201210:49The New NGT/NG.269

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National Grid Daily Update: National Grid is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker NG.. The last closing price for National Grid was 876.30p.
National Grid has a 4 week average price of 836.90p and a 12 week average price of 744.50p.
The 1 year high share price is 895.10p while the 1 year low share price is currently 744.50p.
There are currently 3,410,062,049 shares in issue and the average daily traded volume is 8,042,327 shares. The market capitalisation of National Grid is £30,161,998,823.41.
utyinv: investorschampion Good article but the stats used paint a better picture than reality. It’s true that the five year deviation in share price is 5% ( where it was five years ago to now), but what it fails to point out is that the current share price is 30% lower today from where it was 2 1/2 years ago. In my view utilities are still out of favour and despite any future draconian policy OFGEM try to impose on the private Company and if Labour changes its view on mass Nationalisation ( a lot more centrist Labour MPs are making their moderate views heard and even if Labour eventually do suucceed into getting into No 10 the Marxist ideology may be voted down), then I can see this share getting back to the highs of 2016. It may take some time but there is IMV investment gains to be made. 🤞
newbank: NG fallen more today than any FTSE 100 Utility and it is the only Utility with a secure US business which is untouchable by the UK regulator and UK political scene. CEO isn't really selling confidence in the great NG and this is reflected in the share price. If you keep on capitulating to OFGEM, they will only come back to squeeze you more. Also, if you capitulate and are renowned for surrender others will take advantage. It's time the CEO earned his crust and got this share price back to where it should be ie £12 / share.
utyinv: Questor makes no comment on the fact that over 50% of the business is US based. No US Government will allow a Marxist Led Government to run anything in the USA. Democrats hate Marxists almost as much as Republicans. Questor: investors are overreacting to Labour's policies – and that means National Grid is a bargain Questor share tip: Britain’s energy network operator offers rising dividends in the face of political meddling Like it or not, the risk of a Jeremy Corbyn-led Labour government in the not-too-distant future is real. All it would take is a disastrous exit from the EU in April or a sudden breakdown in Conservative-DUP relations to trigger yet another general election. With Mr Corbyn and John McDonnell in Downing Street, their dread promises to renationalise large swathes of privately owned companies would become government policy. It is that fear, Questor believes, that has driven down the share price of National Grid, Britain’s gas and electricity network operator. It was the Income Portfolio’s first purchase, two years ago, at £10.58. Yesterday it was trading at 806.6p. Yet Questor agrees with Berenberg analysts that even if Labour were to win a hypothetical election it would have to “overcome significant financial, political, and possibly legal hurdles in order to nationalise”. National Grid’s share price may also have been driven down by the glacial rise in interest rates since Bank Rate rose in August. It is a classic “bond proxy”, a producer of steady dividends made possible with the insulation of its monopoly and a highly regulated price-controlled market. As such, when rates on bonds and other assets rise, its price is bound to fall. The portfolio bought £25,000 of shares to serve as a dependable bedrock upon which racier stocks would provide the high income necessary to hit our 5pc yields target. To date, it has been among our worst performers on a capital basis. But, remember, the purpose of this portfolio is hard income, in pounds and pence, it is not capital growth. Though that is of course welcome, it does not provide immediate cash. We have received £1,773 in dividends so far and this is set to rise. The firm’s policy of raising payouts at least in line with the Retail Prices Index (RPI) looks secure for now. The terms of the next set of Ofgem’s price controls, which comes into effect in 2021, look reasonable. Plans to expand National Grid’s network of “interconnectors” to mainland Europe and Scandinavia should boost revenues by up to £250m from 2023, according to Berenberg. It yielded just over 4pc two years ago. At today’s price, it is approaching 6pc. It remains a favourite of Jeremy Lang, manager of Questor favourite Ardevora.
coxsmn: ng share price has fallen due to the general low sentiment in the utilities sector at the moment. However, if we look at the fundamentals, ng is on a p/e of a mere 7.56. If we were to value the business on an unambitious p/e of 10 then the share price would be £10.11. So no, £9.50 share price is still very reasonable. When sentiment changes then the share price could rise rapidly, for the moment its a great buying opportunity with excellent dividend.
whitestone: Is the share price drop due to this confirmation of the 3-5% cost of equity range? Since this was already known and little movement expected, I would have thought, this does seem a bit OTT… “Ofgem Confirms Price Controls; Approves National Grid's Nuclear-Plant Upgrade 30/07/2018 8:06am Dow Jones News By Adam Clark The U.K.'s energy regulator Ofgem said Monday that it has confirmed its proposed price controls for energy networks from 2021 onward, and that it has approved National Grid PLC's (NG.LN) upgrade plans for the Hinkley Point C nuclear power station. Ofgem said there is no change to the proposed 3% to 5% cost of equity range, which represents the amount companies can pay their shareholders. The cost of equity is currently set at 6% to 7%. However, Ofgem said the default length of the price controls from 2021 will be five years, compared with eight years currently. Ofgem estimates the price controls will save customers over 5.0 billion pounds ($6.56 billion). The regulator said it will extend the scope for opening up network upgrades to competition in the next price-control period, and will subject network companies' spending plans to open hearings. Ofgem said it has confirmed that National Grid can build the grid upgrade to connect the new Hinkley Point C nuclear power station in Somerset, England. However, Ofgem said it will set the revenue which National Grid can earn from the upgrade, based in part on its experience of competition for offshore wind-farm tenders. National Grid said in response that the decision doesn't affect its plans for the upgrade. National Grid said the project is expected to cost a total of GBP650 million, with the majority of the spending incurred in the price-control period from April 2021 onward.”
prewar: Hey Newbank Not sure being negative about the SP, think NG doing ok given Ofgem seem to be sharpening their to date very blunt pencil. Weren't you being a tad negative about Badar selling a few shares and the share price not being £12 fairly recently? Not sure why you persist in trying to defend something that was clearly incorrect, bizarre, not sure anybody would think any worse of uty or you for dropping a clanger. Regarding your nifty piece of analysis not that it's relevant to the original 'Over £3 drop within a year' comment, I thought the share consolidation went through pre-end of May 17 so on the 31st you'd have had 11 shares not 12, might be wrong though. Normally takes a few days to sort these things through, like a divi payment being a few weeks after share price going ex-div. Won't be going the AGM, typically frightful boring affairs, unless some chap asks one of the directors if he's been banging his missus, that was NG wasn't it? A while back IIRC. Tend to speak with IR with any questions, read the accounts and the Ofgem and a few other websites. Not got any new concerns currently. I agree Hinkley point is pretty important, could be up or downside from here depending on the outcome, similarly RIIO T2, level of returns and incentives. I'm sure Uty's a nice chap, used to post some interesting stuff but nowadays he posts some dross though doesn't he? Lots of political rhetoric, conspiracy theory nonsense and just stuff that's plain wrong. Recent one was the yanks smashing it down pre-UK close every day, that one seems to have gone awry today. I'm sure it's frustration and a bit of emotional attachment to the company and thus share price but it's probably confirmation bias, see patterns over a very short term and think it's something other than coincidence, you can see why lots of PI's don't perform as well as the wider market if believing this sort of stuff.
utyinv: Nice to start reading positive publications (mind you they are known to change their tune.... often :) ) Is the National Grid share price the bargain of the year? The National Grid (LSE: NG) share price has dived 30% year-to-date and is now more than 35% off its all-time high printed in mid-2016, excluding dividends. However, despite these declines, the National Grid business is still powering ahead. For the six months to the end of September, adjusted operating profit increased by 4% to £1.4bn. That being said, on a statutory basis, earnings per share for the period declined 12% year-on-year, and for the full-year, analysts are forecasting earnings shrinkage of 5.3%. Still, in my opinion, a 5.3% decline in earnings does not justify a 30% decline in the value of the shares. Indeed, even after factoring-in the earnings decline, the shares are now trading at their lowest valuation in six years. The bargain of the year? With a dividend yield of 6.2% on offer, the shares certainly look appealing for income investors, but the critical question is, what’s behind the recent share price decline? As my Foolish colleague Edward Sheldon recently pointed out, there are currently three significant threats overhanging the company. These include the danger of renationalisation if Labour leader Jeremy Corbyn gets into power, action by power regulator Ofgem, which has promised its “toughest̶1; ever crackdown on energy network profits, and rising interest rates. Of these three headwinds, in my view, investors only have to worry about the prospect of renationalisation. Indeed, Ofgem’s new price controls, won’t come into force until 2021 and the firm is working flat out to increase its exposure to the US to offset stricter regulation here in the UK. Almost 50% of revenue now comes from the US. This division is growing much faster, with profit rising 19.2% for the half year to the end of September to £526m compared to an 11.5% fall in operating profit at the UK electricity transmission business to £540m. The company spent twice as much (£1bn) investing in its US business than in the UK during the period. Meanwhile, higher interest rates have resulted in investors selling off ‘bond proxies’ like National Grid as they hunt for income elsewhere. So, to some extent, this issue is cosmetic. The company will have to grapple with higher interest rates on its debt, as well, although management should have already provisioned for rising rates. The biggest concern When it comes to the threat of renationalisation, it is impossible to say today how much compensation investors will receive if a Labour government takes over the business. That said, what Corbyn says and might do are two different things, and he may never actually get into power. With this being the case, I’d say the risks are skewed in the firm’s favour. What’s more, there’s already plenty of bad news baked into the National Grid share price. So overall, while some risks are overhanging the shares, I believe that on balance, the group’s 6.2% dividend yield is worth the risk, especially considering the company’s monopoly position in the market and valuation of 12.7 times forward earnings.
jonwig: @ Newbank - ironically, the agency which could thwart Labour's plans is the ECJ. All their favoured ways of 'leaving' the EU appear to mean keeping keeping the jurisdiction of the court. Given the intertwined relationships and arguments about fair compensation it's unlikely they could achieve anything on this front anytime soon! Unfortunately the NG. share price wouldn't be likely to make much headway in the meantime!
pierre oreilly: Hi Mani, no I'm not a sceptic at all. I pretty well know charting simply doesn't work. I'm trained in maths and science, and I bet most who believe in charting aren't. In maths terms, share price changes are non-deterministic and always, in academic research, the movement is simulated by a random walk (with other criteria necessary when that can be applied). There aren't a great deal of scientific papers on charting, simply because it's non-deterministic. However, when nobel prize winning economists who have studied traders who use charting, there is no difference to random bets. Traders who make a lot are simply lucky, those who lose a lot simply unlucky - a natural occurrence from randomness. On average chartists will lose, due to trading systems being zero sum with costs taken out. (That's the key to making money from charting ... set up an enablimg system to deliver trading services, and encourage trading. One way of encouraging trading is of course to convince people they can know a future share price, and charting seems a successful method of encouragement). You said before that a casino was different from the stock market. But really it isn't, except in the magnitude of risk and costs. Chartists looking at past prices attempting to foresee a future price are absolutely no different from the person who notes down the red and black sequence on the roulette board in an attempt to work out what colour will come next. Just as any red/black sequence is irrelevant to the next spin, so past share prices are irrelevant to the direction of the next tick and future prices (which are actually driven by sentiment which itself is driven by pretty random asynchronous events) Of course you may believe patterns indicate a future price, but you'd get a nobel prize yourself if you could publish a paper on how that is done. I find it difficult understanding your stance. You say examine past share prices and you can predict future prices, or the probability of future prices, and yet you say that most of your predictions are wrong, and you make money via stop loss strategies etc. The probability of a random guess is 50%, yet by your own admission, your charting delivers less success than random bets. The ultimate test is of course as i have highlighted. If anyone can predict future prices (or the probability of future prices at greater than say 51%) then they would be exceptionally rich. My guess is chartists like to believe chartism works, and so lay much more emphasis on the approx 50% of successful trades and tend to forget the approx 50% of trades which lose.
utyinv: As the share price rises the attractiveness of the Special Dividend and the corresponding share consolidation is less appealing. However, it depends on whether the strategy adopted by the NG ‘Board’ works in the long run where I would hope we would start to see some growth in the share price. Because let’s be honest for a progressive Company the share price has been rather disappointing where having languished in the £10 are for years it should be showing signs of upward momentum, hence analysts suggesting it should have reached £13 / share as far back as 2015. Anyway, whether you decide that the Special Dividend and share consolidation is for you or not is a person decision based on how confident you believe the move will bring future benefits to shareholders. In earlier posts, someone quoted a share holding of 20,000 so let’s use that as an example. Now If, a big If, the share price remains the same after the share consolidation (with the special Divi being cancelled out by the consolidation), the Private Investor will in the short term be worse off ignoring the tax liability that may result. Example, 20,000 shares at current price of £10.43 gives a value of £208,600 ignoring dealing selling costs and spread costs. 20,000 shares Special Divi of 84.375p = £16,875 Share consolidation: (20,000 /12) x 11 = 18,333 new shares. New total value if new shares have the same price as old shares:- 18,333 shares at £10.43 = £191,213 + £16,875 = £208,088. But if you wanted to buy the new shares back using your special dividend; if the price remains £10.43 post consolidation then with dealing tax on buying back you will effectively lose an additional £84 in dealing tax (£16,875 X 0.5%). In addition to normal dealings costs and spread costs. As for capital gains tax; as mentioned earlier in my post to Pierre, it begs the question about the 30 day rule whether buying the new shares is regarded as the same as the old shares. The new shares are not the same as the old shares and there is a clause excluding share consolidations, new share issues etc. It is all in the interpretation and to be certain you would have to consult a specialist who may end up charging you. Let’s hope the strategy works for shareholders in the long run, hopefully seeing future growth in share price. IMO!
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