National Grid Live Discussion

Gamesinvestor1 17 Jan 2020

Where to from here? So you don’t think it has much of an upside or future from here Doug? Games

Uncle_Doug 17 Jan 2020

Where to from here? Sold final tranche T4 today @972p sold T3 @912p sold T2 @884p sold T1 @852p All the while delivering nice divvies at about 5.6% pa. Staying in cash for now until next market fall then I’ll drip feed back in.

Eadwig 16 Oct 2019

Potential U.S. fines on the way Getting worse … NG says it is taking steps to reconnect more than 1,000 natural gas customers in New York City and Long Island following a state order after the company previously refused to reinstate service. Seems like an admission they were in the wrong … now this … Also, the Massachusetts Department of Public Utilities has launched an investigation into the utility, promising to “address the efficiencies of operations and productivity of National Grid’s management and personnel.”

Eadwig 14 Oct 2019

Potential U.S. fines on the way I do hope NG haven’t made the mistake of taking the now prevalent in the UK fantasy nature of news reaction and told porkies about the results of a pipeline being nixed by environmental protests who believe all extended use of fossil fuels should cease immediately. Apparently the customers denied service as a result, allegedly, aren’t buying it … New York Gov. Cuomo orders National Grid to connect more than 1,100 customers who had been denied natural gas service and warns the utility “faces millions of dollars in potential penalties for failing to connect existing residential customers with natural gas as required” by state law. The measures are part of a preliminary finding by New York’s Public Service Commission, which is investigating the veracity of the company’s claim of an impending gas shortage and complaints of customers awaiting gas service. NG has said it was unable to provide new gas service hookups because plans for the Williams Cos. Northeast Supply gas pipeline were nixed and current supplies are waning.

Eadwig 17 Sep 2019

Fighting Trump's Power Plant Rule Changes Con Ed leads utilities in lawsuit over Trump power plant rule Sep. 16, 2019 5:48 PM ET|About: Consolidated Edison, Inc. (ED)|By: Carl Surran, SA News Editor Nine utility companies file a legal challenge against the Trump administration’s plan to cut carbon emissions from power plants which replaces the much tougher Obama-era rule. Consolidated Edison (NYSE:ED) says the Trump rule undermines efforts already under way to cut greenhouse gas emissions by investing in renewable energy such as wind and solar, electric vehicle infrastructure and other clean technologies - in which the companies have spent heavily because their state governments passed laws requiring their use. In addition to ED, the coalition consists of Exelon (NYSE:EXC), National Grid (NYSE:NGG), PG&E (NYSECG), Public Service Enterprise Group (NYSEEG), Los Angeles Department of Water and Power, New York Power Authority, Sacramento Municipal Utility District and Seattle City Light.

Armageddon 30 May 2019

Where to from here? Last Tuesday. Stealthy sell off in lots

Armageddon 30 May 2019

Where to from here? On volumes (not reflected in price at the time ), there was a big bailout into company date. Bad sign. I think your sub 600p is very realistic target.

Gamesinvestor1 30 May 2019

Where to from here? Is the drop back below 800p the next entry point, or is it different this time? Is the Jezza effect stuck with the grid for at least the rest of this year, and could it be hit harder if a general election gets called? If so, then there is seemingly no real floor here, because the Conservative Party appear as though they wouldn’t get a majority, if they are not wiped out altogether. Sub 600p? Games Games

marktime1231 25 May 2019

Profits hit A bit of a bounce to end the week but for sure more turbulence to come.

Uncle_Doug 23 May 2019

Profits hit This was just the starter. Plenty of headwinds to come. Euro election meltdown of our 2 main parties. £ to sink even more. Trump invades Iran. New PM. General Election.

marktime1231 23 May 2019

Profits hit Well it has been a pretty b…dy day all round, NG one of the few blue chip defensive stocks not getting slaughtered, presumably that is because the ex-div is just a week away. And then a plunge …? Unless by then we have a new PM with a restored government majority seeing off those renationalisation fears, Brexit done and dusted, trade wars all settled … Time to go for a long slow walk in the sunshine

Armageddon 16 May 2019

Another view Not looking Good. Was waiting to see support in the day if tanked . None . Needs to consolidate a few days around the mid April low and then show some serious buyers in that flat price. Otherwise, much further to fall. Definetely needs those few days… until then they are just double bottom suckering buyers imo

Gamesinvestor1 16 May 2019

Another view In an attempt to see it from another’s point of view, and not mine :- “”"""National Grid’s pre-tax profits fell 31% in the last financial year to £1.84bn, while earnings per share fell nearly 60% to 44p per share. Morningstar star analysts rate National Grid as a two-star stock, which means that it is overvalued relative to its fair value estimate of 780p. Analyst Tancrede Fulop expects dividend growth to slow in the coming years and is concerned by the debt issuance to fund “hefty investments” and shareholder pay-outs: “We expect tepid dividend growth to persist in the medium term, as organic cash flow will be much too low to fund dividends and investments of around £4.2bn per year on average through 2023, based on our estimates.” So this is the view of one analyst but to be fair that’s his view of the business irrespective of the threat of a Corbyn intervention. Morningstar columnist Rodney Hobson says that investors should be wary of Jeremy Corbyn’s nationalisation plans but be realistic about its likelihood. Indeed, he points out, “any fall in share prices prompted by nationalisation fears also creates a buying opportunity for those who think it will never happen”. And this is a view on the assmption the looney left won’t get to implement it. Even so, and assuming it never happens, the debt keeps growing, the profits are becoming less to support that debt and the dividends are eating into the ability to service the growing debts. This looks like the story behind Centrica and SSE who have management who don’t seem to give a monkey’s unless they get a fat pay rise, big dividends and hold the dividend increases in place despite falling profits, in an attempt to maintain the share price. Games – This one isn’t a given despite it’s assumed national interest stability story.

Gamesinvestor1 16 May 2019

Profits hit Marktime, Not knocking it, it’s just that it’s far too convenient to use the weather as an exceptional. I also don’t consider posting pretax profit down 31% to GBP1.84 billion from GBP2.66 billion, as just a shallow performance. I’ve no clue if Corbyn would get his way, but I wouldn’t rule the nutters out of trying. The scary part about it now is that the Tory Party, thanks to May and cohorts, have all but destroyed their own party, so unless there is another alternative then the nutjobs in the Labour party will get in. It seems just the idea of this alone could drag down the utilities for another two years +. No – I don’t like to knock it, I bought it at 7XX thinking it was undervalued, but having exited at close to 84X, I’m not so sure, especially after these results. Games

frog_in_a_tree 16 May 2019

Profits hit I too doubt that Corbyn could secure a majority in the House. That means that if he were to become PM that he would need a coaltion partner, most likely the SNP. Does anyone know what the SNP position is on renationalisation? Cheers, Frog in a tree