Ok is there a mutter from the gutter going about today or what?
Shares are now consolidated, payout deadline gone, no official
news......??????

(scratches head......)

Any clues among us beautiful BB'ers this afternoon?

skin lets hope for a hot summer.

Quietly hitting new 12+ month highs today.

.

Morgan Stanley Ugrades to Overweight TP raised from 585p to 725p

Above pre-rights issue level.

Very nice steady long term uptrend now firmly in place from the 2010 low point.

National Grid files for new rates in Rhode Island

National Grid files for new rates in upstate NY

Post rights issue high hit today - 675p.

New high today - 681.5p 682.5p 683p . 684p

Results for the year ended 31 March 2012

Good performance in 2011/12

· Profit before tax1 up 5%
· Operating profit1 up 9% before currency movements, timing and major US storms2
· Continued UK outperformance
· Improved US returns - 2011 regulated return on equity up 50bp to 8.8%
· Earnings per share1 up 1% to 51.3p, up 16% excluding timing and major storm impacts
· Recommended full year dividend up 8% to 39.28p reflecting final year of current policy

Good strategic progress

· £3.4bn of capital investment, contributing to £1.6bn growth in regulated assets
· Submitted new 8 year UK investment plans, including over £31bn of forecast capital investment
· Agreed one year rollover price control for UK transmission activities
· Implemented new US operating model. $200m run rate cost reduction target achieved
· Submitted new rate filings in upstate New York and Rhode Island in April 2012
· Balance sheet benefitted from strong cash generation and small asset disposals. As a result, net debt up only £0.9bn to £19.6bn

Positive outlook for 2012/13

· Sustain focus on improving returns and securing appropriate regulatory outcomes
· Dividend growth of 4% targeted in new one year policy

Ex-divi next wed (30th May) 25.35p

Credit Suisse Reiterates it's Outperform Tp raised from 700 to 730p.

4 July 2012

National Grid plc

National Grid Completes Sale of New Hampshire Distribution Companies

National Grid today confirms that on 3 July 2012 it completed the sale of its New Hampshire electric and gas distribution businesses (Granite State Electric Company and Energy North Natural Gas Inc.) to Liberty Energy Utilities (New Hampshire) Corp., a subsidiary of Algonquin Power & Utilities Corp. The gross proceeds from the transaction totalled $309m, including working capital of $24m and will be used for general funding purposes.

12 month high (689.50p) within reach.

Ex. divi SP. reached in only just over 5 weeks, not bad at all.

New high today (690.50p).

And again 692.50p.

Closing in on £7.00. Could be a good level for a trading sell? August divi already in the bag and the next ex-div is still almost five months away.

I'm of a similar mind and will be putting limit sell orders in on NG,VOD,CNA and BT.

Off topic - I see NWS is going well again.

Press Release

OFGEM CONSULTS ON £22 BILLION INVESTMENT PLANS TO UPGRADE BRITAIN'S GAS AND HIGH VOLTAGE ELECTRICITY NETWORKS

· Around £22 billion allocated to upgrade and renew Britain's gas and high voltage electricity networks. This will ensure that Britain's networks remain among the most reliable in the world

· Investment is integral to secure Britain's future energy supplies and is part of the £200 billion identified as part of Ofgem's Project Discovery regarding security of supply

· Ofgem's close scrutiny of companies' plans secures project investment and ensures value for consumers