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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30p -0.04% 747.70p 747.60p 747.90p 755.00p 745.90p 749.40p 1,755,464 11:19:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 15,035.0 2,184.0 207.1 3.6 25,324.54

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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 748p.
National Grid has a 4 week average price of 733p and a 12 week average price of 733p.
The 1 year high share price is 1,097p while the 1 year low share price is currently 733p.
There are currently 3,386,992,379 shares in issue and the average daily traded volume is 9,790,590 shares. The market capitalisation of National Grid is £25,300,833,071.13.
septimus quaid: As has already been alluded to, if it was as simple as blaming the “Corbyn effect” for NG’s share price tumble we would have an easy answer but RMG (an outfit riven with union influence and probabily a greater condidate for renationalisation) has not been similarly afflicted. RMG’s share price is up 46% since the beginning of Nov 17 and the rise shows no sign of abating.
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!
pogue: I am watching this share now having bailed out but feel I have to say something as some of the conclusions being reached are to me a bit odd. Newbank on your rational Labour should pay the share price before they announced they were going to nationalise NG, so I guess last year’s price? Not many people would expect them to pay a price that a share was 5 years out of date when they get elected surely? If your rational were to be applied to the current market would buyers of a company be allowed to buy at the price a target company was when they announce their bid? Speculation always drives share prices to say that the government cannot benefit from it same as others would be hard to prove in court I would say.
utyinv: m100, Just one of the many changes taking place that should deliver greater economic efficiency. Just before Steve Holliday retired he stated that based on fundamentals the NG share price should be £13 / share rather than the price at the time which was approx £10.50 / share. Though logic and fundamentals don't always deliver a strong share price when political sentiment is negative. I am not too concerned if NG do not deliver great results on Thursday (providing its not bad!), as the second half is the bellwether to see if NG's new strategy of delivering shareholder value is working.
utyinv: 1olddog, Hard to say; you need to read and do your own research. McDonnell didn't help when he added on the Andrew Marr show that Energy Construction will be Nationalised too. This reminds me of the time Prescott mentioned that Railtrack ought to be nationalised (although in that case there was justification due to the safety record at the time), the share price just steadily fell over time making it easy for the shares to be brought under Gov Control, i.e. make the market lose confidence then grab. The 'Board' have adopted a strategy to invest more in the US where there is a level playing field with business and profit is not such a dirty word. There is also the fact that there has been a '3 line whip' on reducing operating costs by 30% as mentioned above. You have also got to bear in mind and ignoring politics, as with the nature of the business, the second half brings in more revenue than the first half so a clearer picture will be given next May. In the meantime, the interims due on 9th Nov should give us a clue as to how well the strategy adopted by JP and his Board is developing. I would guess most on here are LTH's and I would believe some are very frustrated because they re-invested some or all of their recent special dividend in the shares at a much higher price than what it is now, this is despite the fact that the share consolidation and share buy back was intended to maintain the share price. Sorry if this hasn't helped but you need to DYOR and hope for the best. :)
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: Ignoring tax implication it depends when you buy back and what the share price is. If you buy back after the shares go ex-divi (final) and the price obtained is much lower than the final dividend (which you would lose buying ex-divi) then yes slightly better off. A simple calculation would be to consider this hypothetical example: Let's say you have 100 shares and using the consolidation of 11 new shares for 12 old shares. But still maintaining the Special Divi of 84.375p. Now lets say, for this example the share price rises to £50 / share before consolidation and Special divi. If you sold the 100 shares you would raise £5,000 capital. If you didn't sell and waited for the divi and consolidation your value would be: 100 shares X 84.375p = £84.37p plus 91 new shares (at the same price of £50 / share)= £84.37p + (91 x £50) = £84.37p + £4550 = £4,634 So something to consider. Those that have the shares in ISA's have more and better options. As mentioned in my last post not sure about the 30 day rule, which is related to selling and buying back identical shares. As the new shares are not identical, those that want to try the option of selling and buying back to alievaite the tax liability on non-Isa'd dividends, may have some obstacles in the way in persuading HMRC that they are operating within the rules of the 30 day rule. All the above is pure speculation as we all know the markets don't always follow logic and maths. The only saving grace is hoping the strategy brings increased earnings per share in the future and a subsequent increase in the share price.
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!
utyinv: Mike24, As an added point, and this is only an opinion as I couldn't possibly give advice..... :) I expect the share price to rise after an initial fall, though this may take some time to get back to pre sale share price. However, the share price drop may be mitigated by the share buy back and a possible share consolidation. If the price recovers then you just keep your original option price. However, we have been here before where the share price dropped due to a rights issue when NG was raising £3billion to invest on infrastructure build because OFGEM said NG shareholders should take a hit! In which case, sharesave holders closed their option took the cash, bought shares in the open market at a new lower price than the original option price and then took out the next sharesave with a lower option price. The same happened to bank employees when the bank crisis was at its peak. Shares from £9+ was reduced to approx £1. Many bank staff cashed in their sharesave, took the money saved and waited for the next sharesave issue which was at a much new lower price. I believe the next sharesave option price will be issued in Dec / Jan for 1st April 2018?????
utyinv: PO, I think you miss my point. Pre referendum National Grid value X. Post referendum National Grid worth X no change intrinsically, but the share price in GBP post referendum has gone up to reflect the drop in the value of the GBP worldwide, ie, 20%. Sure if you sold Grid at £11.30p and bought something from the UK you would benefit but if you bought something outside the UK you would be no better off than before the referendum. 30%+ of NG income comes from the US with a US$ income that is exchanged back into UK Sterling (in simple terms). I spoke to Bonfield (CFO) in July when the share price jumped almost overnight to £11.30 and commented that the share price jumping to £11.30 was only a result of the drop in the GBP and euforia shouldn't let us run away with ourselves and he agreed. NG has yet to be valued correctly and a pre referendum share price, based on money spent on increasing our assets by £5billion / yr should have raised the share price to £13/share. National Grid is one of a very few Companies that are expanding and spending real money improving and building asset base and the share price has not IMO kept pace with build. I dont have to explain the significance of an increasing asset base to you as I know you are aware how National Grid gets its income. I also expect a boost in share price especially when the City realise and 'clocks' what's on the horizon with the gas distn sale. My forecast, IMO! Distn business worth £11 billion sale of 51% gives a return of £5.6 billion, take pro rata debt off and a possible share buy back ( an option floated at the AGM to try and keep the share value up post sale) would leave £2.9 billion to be returned to shareholders. With 3.7 billion shares in circ this may realise a special divi of 78p.
National Grid share price data is direct from the London Stock Exchange
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