Here it is, your all new National Grid thread. The chart features Bollinger Bands, MACD, 50 and 200 day SMAs.

Web Site Link:

http://www.nationalgrid.com/uk


Here's the link to the old NG. thread

Lend us fiver 1st BB -):

A new high this morning @1017.00.

1036..... lovely.

Looking a tad over bought!

It's because I sold out way too early the other day. Story of my life.

Apparently a proportion of NG. revenue is derived from the US where they have business interests, so this makes the stock more attractive as a defensive buy, assuming Sterling stays weak v Dollar strength.

Now you tell me.

A view from over the water - National Grid Looking For Financial Flexibility

National Grid Said to Start Auction for Gas Network Stake

Perverse logic behind National Grid revamp

StockMarketWire.com
National Grid's H1 statutory pretax profit has fallen 64% to £485m, from £1.35bn a year ago. Interim dividend was 15.7p a share and in-line with policy.

"We have delivered good results and made significant progress on key priorities while continuing to deliver a safe and reliable service to our customers in the UK and the US," said CEO John Pettigrew.

"First half earnings per share were in line with a strong prior year, with our regulated businesses delivering a solid performance.

"In the US we received a positive outcome for our Massachusetts rate filing and are in the final stages of agreeing updated rates for our downstate New York gas businesses.

"Once agreed, around 40% of our US business will be operating under new agreements which will enable us to improve future returns in the US. In the UK the proposed sale of our gas distribution business is on track with separation activity in the final stages.

"Looking further out we are focused on evolving National Grid to enable us to play a leading role in shaping the future of energy networks."

HIGHLIGHTS:
- Adjusted earnings per share of 28.2p, in line with last year

- ​​Operating Profit of £1.9bn, up 1% includes favourable timing and FX

- Capital investment of £2.2bn, up 12% (6% at constant currency)

- New rates for Massachusetts Electric, allowed return on equity of 9.9% 3-year Joint Proposal filed for downstate New York gas businesses

- Solid operational performance in the UK, generating savings for customers UK Gas Distribution majority sale on track

- Strong balance sheet maintained.

Just has a punt here (I am a long term holder).

SSE looks a reasonable punt today also.

Back in for 15p div whilst below £10 mark.

Hmmmm..... the two year chart is a little less encouraging, imo.

I think this is a 15.7p divi with ex date on 26-11-16.

I'm a bit incorrect. It is15.17p and Ex date is 24 Nov.

StockMarketWire.com
National Grid has agreed to sell a 61% equity interest in its UK gas distribution business (NGGD) to a consortium of long-term infrastructure investors. It flagged a return of £4bn net proceeds to shareholders.

The Consortium comprises Macquarie Infrastructure and Real Assets ("MIRA"), Allianz Capital Partners, Hermes Investment Management, CIC Capital Corporation, Qatar Investment Authority, Dalmore Capital and Amber Infrastructure Limited/International Public Partnerships.

The terms of the Transaction imply an enterprise value for NGGD of approximately £13.8bn.

In consideration for the sale of its equity interest, on completion National Grid will receive a payment of £3.6bn in cash from the Consortium (subject to certain completion adjustments) and will own a 39% minority equity interest in a new holding company for NGGD ("GasD HoldCo").

In addition, National Grid will receive £1.8bn from additional debt financing.

Following completion of the Transaction, National Grid intends to return £4 billion of net proceeds to shareholders through the combination of a special dividend (together with a share consolidation) and share buy-backs.

At least 75% of the net proceeds are expected to be returned via a special dividend in Q2 of calendar year 2017. Net proceeds are calculated after retaining £0.7bn of the additional debt financing, in order to maintain the equity value of our 39% interest in NGGD, and after deduction of costs of around £0.5bn.

A further announcement regarding the nature and timing of the capital return will be made in due course.

Completion of the Transaction is conditional on the receipt of merger clearance from the European Commission. Subject to satisfaction of this condition, National Grid expects that the Transaction will complete on or prior to 31 March 2017.

National Grid and the Consortium have also expressed an interest in relation to the potential future sale and purchase of an additional 14% of equity in GasD HoldCo on broadly equivalent financial terms to the Transaction. Further details will be announced if agreement is reached.

In conjunction with the transaction the Board has agreed a voluntary distribution of £150 million for the benefit of energy consumers. National Grid takes very seriously the role it plays in people's daily lives and believes it has a responsibility to ensure that our wider stakeholders benefit from the incremental value of the NGGD sale.

Squint!

Berenberg Buy 943.00 970.00 1,050.00 Upgrades