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

Looks like a very timely trading sell Skinny. They've taken a bit of a whack today. I can't see anything in that announcement to scare the horses. Perhaps they've just run out of steam after a good rise.

All of the utilities seem to be down by a similar %age.

JP Morgan Cazenove Neutral 740.25 734.00 640.00 720.00 Upgrades

Bank of America Merrill Lynch Buy 740.25 734.00 - 735.00 Retains

New Dividend Policy and Trading Update

The Board of National Grid has agreed a new dividend policy to apply from 1st April 2013. The new policy will aim to grow the ordinary dividend at least in line with the rate of RPI inflation each year for the foreseeable future.

In deciding on the new dividend policy, the Board of National Grid considered a number of important factors to stress test the sustainability of the targeted growth rate and the support for strong credit ratings. These included regulatory outcomes in the UK and the US, expectations of delivery under incentive based regimes and sensitivities related to general economic conditions, government policy and other fiscal measures.

Trading update

2012/13 is finishing well, with earnings forecast to be modestly ahead of National Grid's previous expectations. In comparison to previous guidance, a strong UK Transmission business performance and lower net finance costs, now expected to be in line with last year despite increased net debt, should be broadly offset by additional expenses related to February's US storm restoration work and continued system implementation costs. Earnings are expected to further benefit from a lower effective tax rate, in part as a result of a change in profit mix.

National Grid's full year results will be published on 16 May 2013.

New highs again this morning @770 atm.

Delighted still to be holding these and enjoying the recent run. I have thought on several occasions that I should make a trading sell. How much further before we hit top?

Ho Hum.

Societe Generale Sell 765.00 765.00 634.00 674.00 Retains

HSBC Overweight 765.00 765.00 850.00 850.00 Reiterates

JP Morgan Cazenove Neutral 765.00 765.00 720.00 - Reiterates

New highs again.

Five year closing high today. These are better than a gilt. I reckon the yield will be bought down to 5%. First stop 800.

New high again today @793.50p

£8 touched.

£8.75 a good Target

New high @£8.03.

And back down again. Third time lucky?

816.50p touched.

824.50p. . 826P

What a strong run over the last three months.

New high today @835.50p.

Final results on Thursday 16th.

A bid for SVT today. I wonder what other high-yielding, rock-solid utility might be in line for a bid?

Morgan Stanley Overweight 847.00 847.00 775.00 880.00 Reiterates