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

Not only down but on more then average volume, staying out for the moment until things clear.

Interesting comments from Citigroup this morning:
"In the past month, US 10yr treasury yields have risen from 1.7% to 2.2% on the back of improving economic sentiment and the potential for a reduction in Quantitative Easing in the US.
We have written on previous occasions about the sensitivity of National Grid’s share price to the movement in US treasury yields (Dividend Visibility Supportive and Yield Support Amid Regulatory and Macro Uncertainty) and this morning’s sharp move downward in the share price appears to reflect this. In our recent note Dividend Visibility Supportive, 12 April 2013, we argued that the implied cost of capital for National Grid, given the visible dividend policy, was low vs. history and the cost of capital allowed by the regulator.
Our target price of 820p (5% yield) implies a cost of equity of 7.5% which we indicated to be at the low end of the 7-10% range we discussed in our note. This appeared largely acceptable due to the nature of the macro environment and the search for yield as identified previously by our strategists.
With US macro data and sentiment improving, the sharp rise in US treasury yields in the past month, if sustained, could point to a cost of equity moving towards the higher end of the 7-10% range. We note a 9% nominal cost of equity (in line with allowed cost of equity from Ofgem), based on dividend growth of RPI on our forecasts, would imply a National Grid valuation of 640p.
US investors make up 40% of National Grid’s investor base and therefore a rise in US treasury yields will likely raise the required return on National Grid for those investors."

640p? Now that would be some drop.

Wonder if this piece of news has some baring on utility SP falls today http://www.bbc.co.uk/news/business-22710020

Well no surge in SP for NG. this pre-divi then.

Interesting to read a 'view from over there' take on things :- Why National Grid's 5.6% Yield Isn't Worth The Risk

Yes and interesting possible scenario Skinny, but the Grid are a monopoly so not to worried myself but worth keeping an eye on all the same. Successive irresponsible Governments have ducked their responsibility on the question of power supply over years as we know, seems to be a too hot potato for them.

Take your pick.

Deutsche Bank Sell 753.25 749.00 660.00 660.00 Retains

Morgan Stanley Overweight 753.25 749.00 880.00 880.00 Reiterates

IMS for the period 1 April 2013 to 28 July 2013

HIGHLIGHTS

· Solid operational and financial performance during the period
· UK: Good progress developing UK business to deliver outperformance under RIIO
· US: Positive start to the year with all outstanding rate plan settlements now approved

Morgan Stanley Overweight 760.50 760.50 880.00 880.00 Reiterates

National Grid plc - Special Call

Citigroup Neutral 777.75 820.00 820.00 Retains

HSBC Overweight 777.75 875.00 885.00 Reiterates

JP Morgan Cazenove Neutral 777.75 735.00 - Reiterates

Bank of America Merrill Lynch Buy 777.75 800.00 800.00 Reiterates

Morgan Stanley Overweight 777.75 880.00 880.00 Reiterates

RBC Capital Markets Outperform 775.00 771.50 900.00 900.00 Reiterates

National Grid: Boring But Safe 5.5% Yield

Galvan Research Buy 750.50 800.00 800.00 Reiterates

This is my core long term holding and has been so for a while. Boring yes, reliable dividend payer is what`s important to me.

Morgan Stanley Overweight 739.25 737.00 880.00 880.00 Reiterates

Goldman Sachs Sell 739.25 737.00 692.00 695.00 Reiterates

General market apart, the chart looks rather bullish.

We got caught with a bit of the fallout from Mr Millibean's tirade against energy producers by the looks of things. I see this as a temporary blip that should sort itself out very quickly. A trading opportunity, I reckon.

A blip assuming Ed & his cronies don't win the next election! ;o)