National Grid Share Discussion Threads

[newbank] 20/6/2022 15:54

You guess well Uty.

a couple of my diversified share aquisitions were Tesla and Apple in 2016 for $41 and $ 24 respectively :)

[utyinv] 20/6/2022 15:33

I doubt Newbank is rattled. From my reckoning he is a long term investor who by his comments has diversified effectively. Bear in mind If he is one of the ex-employees who first bought the shares through the original sharesave, he would have effectively paid 37.5p / share.

Empowering employees to benefit from the success of a well run company. It might be that he has used funds since 1995 when the shares floated (do not confuse floatation price with offer price to staff), he may have invested in other companies which have increased exponentially.

He makes a valid point of diversification. I also believe he is right where you were a heavy investor in kier when they were £6+ / share, highlighting the fact that you cannot assume anything.

Not everyone is like yourself, Medieval Blacksmith or Minerve or whatever; passing comments in order to provoke negative reaction. You might be wasting your time if like Newbank says, he has already diversified to compensate.

Did you diversify?

[bountyhunter] 20/6/2022 10:12

Added, the fall seems unjustified given the proportion of profits from overseas.

[medieval blacksmith] 20/6/2022 09:10

Oh dear, Newbank is rattled.

Is your NG investment not going North anymore. What a shame. My heart bleeds. ;)

[newbank] 17/6/2022 18:35

Post 8152

Any share fall is more than offset by gains made by the diverse portfolio investments.

I understand you invested heavily in Kier?

[medieval blacksmith] 17/6/2022 15:01

Yes, good to see the share fall. Let's hope it gets much much lower. A real good tree shake as it were.

LOL

[medieval blacksmith] 17/6/2022 15:00

"loss of Capital the Company has experience since 1st June, ie, over £7.2 Billion?"

The company hasn't lost any capital.

Personally I don't think 4 dividends a year will make any difference to institutional investor behaviour.

[nakedmolerat] 16/6/2022 12:50

I havent owned any Grid shares for years, but was interested to see the drop recently. 10 looks next entry point

[newbank] 14/6/2022 12:20

Some Chap raised a good question at the last AGM, questioning why NG doesn't adopt the quarterly dividends practice.

Obviously there is merit in doing so as there is no incentive for Institutions to hold on to NG Shares once they go ex-divi, ie, after 1st June, next ex-divi date for the much smaller interim dividend is End of Nov. By paying a quarterly dividend it will remove the volatility that is experienced after the Final ex divi date of 1st June as many will have to keep hold or buy back in, pretty sharpish, if they are to enjoy the next dividend.

The Company Chairman (a very arrogant Gershon, who thankfully has now left the Company), discounted the suggestion saying it would cost extra in administration fees....... Surely its a small admin fee to pay against the loss of Capital the Company has experience since 1st June, ie, over £7.2 Billion?

[gbh2] 14/6/2022 07:29

Drop in capital value has more than wiped out the dividend I've yet to receive.

[gbh2] 06/6/2022 07:07

It's been T+2 working days for settlement ever since it changed (6 October 2014) from T+3 working days for settlement.

[newbank] 01/6/2022 13:55

As Uty has advised:

1 June 2022
Ordinary shares go ex-dividend for 2021/2022 final dividend: After this date you do not qualify for the Dividend paid in Aug.

6 June 2022
Record date for 2021/22 final dividend, when Registrars update the register of shareholders with Ordinary shares and USA ADR's (ADRs go ex-Divi on Friday 3rd June - the world doesn't stop because the UK have a Bank Holiday). This record date is important for many reasons ie, Institutional Shareholdings, capitalisation value and regulatory requirements for checking the holding of shares within Institutional Funds that have to hold a certain amount of FTSE 100 stock. The 6th of June is an administrative procedure, when you are dealing with 3.6 billion shares in circulation, you need time to capture shares sold and bought around 31st May and 1st June.

[skinny] 01/6/2022 09:58

Again, for info :-

[utyinv] 01/6/2022 09:47

Inki,

Don’t confuse record date with Ex Divi date. Record date is only the date the registrars do their consolidation calculations as to who were holding shares before ex- dividend and those that hold shares post dividend.

Sometimes shares fall on record date due to a delay reaction from those that realise there is no immediate reason to hold shares.

Markets are very predictable even in volatile times.

When Divi’s are paid many stocks go up in price because the masses who reinvest to buy more shares. Supply and demand.

That’s why if you want to increase your holding in a particular stock, buy (if you keep a cash fund for further investments), after the days of falls, post ex-divi, then replace that cash with divi’s once the divi is paid. That philosophy works unless you have political manipulation of the fair value of a stock. Why has the BAE share price risen today? Could it be because a nice divi is paid today?

[gbh2] 01/6/2022 09:44

Record date is always 2 settlement (working) days inc ex divi date.

[skinny] 01/6/2022 09:42

For info :-

[saltraider] 01/6/2022 09:32

@inki - ex-div day brought forward to today (Wednesday) due to the upcoming super-long Jubiless weekend starting tomorrow.

[inki] 01/6/2022 09:16

UtyINV - you are of course correct the share price fell - however National Grid (also ADVFN financials tab) shown the record date at 6th June for the dividend, not the 1st.
Your thoughts please.

[50plus] 01/6/2022 07:32

No real support until 1100p.

[gbh2] 31/5/2022 14:29

Yep, this dividend totally blown away.

[utyinv] 31/5/2022 14:12

After today stock goes ex-divi.

Watch the fall tomorrow of at least 40p ( 33.76 + premium )

[mirandaj] 29/5/2022 12:21

bountyhunter,

Thank you so much for keeping everything up to date. It is a great help.

[bountyhunter] 29/5/2022 12:20

NG also has some protection due to US interests, I hope! ...last week has shown that you never know what Boris and Sunak will come up with next in their diversionary tactics to save their own skins.

[mirandaj] 29/5/2022 12:01

National Grid
Shares in the Grid, which owns the wires that deliver our electricity, rather than producing the stuff itself, have also had a good year. They are up 9.8 per cent in the past five months.

The company is unlikely to be hit by a windfall tax, as it doesn't benefit directly from energy price rises and, unlike other companies in the sector, has little exposure to commodity price increases.

One of the advantages of the Grid is you don't need a crystal ball to forecast profits. Most of its income is regulated in advance and comes with inbuilt inflation protection.

This month's full-year figures were suitably fulsome, with pre-tax profit up 16 per cent to £3.1billion, while chief executive John Pettigrew promised the Grid would become the FTSE's biggest investor in the move to a green economy. With claims like this, the company is trying to stave off the criticisms swirling around the energy sector. There's a lot to like about the Grid if you want things slow and steady, but you pay for stability.

With shares at £11.64, near their all-time high, Berenberg has downgraded the stock to a hold. But analyst Andrew Fisher says this does not reflect a dislike of the firm's strategy, saying: 'This is a stock we would happily hold on to for the long term.'

Jefferies analyst Ahmed Farman maintains a buy rating on the stock. He says that while National Grid's growing wage bill is a concern, it is controlled by a recent union agreement of a 4 per cent annual rise.

[gbh2] 27/5/2022 18:15

I picked up a few more just before closing, I can ride the storm and the dividend is too good to ignore.