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?

Interim management Statement.

HIGHLIGHTS



Well positioned for another year of strong performance, in line with our expectations

Continued regulatory progress in US: Niagara Mohawk electric rate case filed 29 January

UK transmission price control review to be rolled over for another year to April 2013

In line with its policy, the Board expects to recommend an 8% increase in the full year dividend

Finals on 20th May.

National Grid plc
Results for the year ended 31 March 2010

HIGHLIGHTS

Strong performance
Earnings per share up 14%1
8% increase recommended in full year dividend; policy reaffirmed to 2012
Good progress with US rate case filings
Capital investment of GBP3.3bn; in line with plans
Capital investment plan of GBP22bn targeted over the next five years
Fully underwritten rights issue announced to raise GBP3.2bn after expenses
Full details are set out in a separate announcement released today
Positive outlook for 2010/11 with current trading in line with our
expectations


National Grid To Raise GBP3.2 Billion Via 2:5 Rights Issue/335P
LONDON (Dow Jones)

U.K. utility firm National Grid PLC said Thursday it plans to raise GBP3.2 billion via a fully underwritten 2:5 rights issue of 990.44 million new shares at 335 pence each.

MAIN FACTS:

-Issue price represents a 44% discount to the closing middle market price per ordinary share, adjusted for the recommended final dividend for 2009/10 of 24.84 pence, on May 19 and a discount of 36% to the theoretical ex-rights price on the same basis.

-The funds will allow the Group to fund a significant increase in its U.K. capital investment; maintain single A credit ratings for its U.K. operating companies; and strengthen the Company's long-term competitive position.

-Group capital investment is forecast to total GBP22 billion in aggregate over the next five years

-National Grid intends to maintain its policy of targeting an 8% per annum increase in dividend until March 31, 2012, after adjusting the 2009/10 dividend to take account of the bonus element of the rights issue.

-Beyond 2012, National Grid intends to pursue a policy that targets real growth in dividends reflecting the strong growth prospects of the business.

-Shares closed Wednesday at 620 pence valuing the company at GBP1.54 billion.

Can anyone please explain this to me. Holding NG 494 shares

You will be able to buy 2 shares @335p for every 5 you hold. So for you - 197.6 shares.

Thank's Skinny. What if I do not wish to buy any new shares,

Then your rights will be sold and you will recieve the proceeds. Have a look here.

Thank's

MAM say they are not putting NG.N (the nil paid) on Level 2. Strange.

Price Data
National Grid (NP-11/06/2010) (NG.N)

Currency UK Pounds
Price 132.25p
Change Today 0.000p
Volume 9,010,024
--10 Close 0.000p
Shares Issued 990.44m
Market Cap 1,309.86m
Year End 31-Mar-10

Interin Management Statement.

HIGHLIGHTS



Outlook for the year remains positive, in line with our expectations

Successful 3.2bn rights issue

Capital expenditure programme remains on track - 1.3 GW new connections contracted in the period

US regulatory filings progressing

Industry preparations for the UK transmission price control reviews continue

finally on the move after recent rights issue. (mind the gap)

I held on to mine and now in profit.

Go on my son up up and away

It would be nice to see a bit more volume....

All trading volumes seem to be thin this month, so not a bad graph considering.
6% div yield also pretty good.

Yes - pennant looking to break to the upside?

550 gone (for now)

And 560 (for now).

Half Yearly Report.

HIGHLIGHTS

Strong first half performance

Pre-tax profit1 up 45%

Earnings per share1 up 5% 4

Operating cash flow2 of 1,933m, up 20%

Capital investment3 of 1.7bn, up 122m

8% increase in the rebased interim dividend

Regulatory progress in the US

new rate agreements for Massachusetts gas companies

rate filing nearing completion in New York

Completed 3.2bn rights issue

UK Transmission capex increased to 627m

Net debt down 2.9bn from 31 March 2010

Well positioned for 2010/11