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?

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

Interim Management Statement.

HIGHLIGHTS

Well positioned for 2010/11 with operating profit significantly ahead of last year
Earnings per share expected to be broadly in line with the restated level for 2009/101, eliminating the dilutive impact of the rights issue in May 2010.
Capital expenditure programme now expected to total around 3.6bn for the full year
New rate order received for Niagara Mohawk Electric in the US
Restructuring and $200m US efficiency programme announced
Initial consultation on RIIO proposals for 2013 UK price reviews
Isle of Grain Phase 3 commenced commercial operations to plan



Change of Executive Directors' Responsibilities, Restructuring and $200m US
Efficiency Programme

Failed at 580 again.

Trying 580 again.

Conclusion of independent review of US cost allocation


The review has concluded that deliberate misallocation of expenses had not occurred. However, it did identify that the continued use of multiple systems inherited from past acquisitions by National Grid's US business had resulted in significant complexity in both systems and processes. The report acknowledges that National Grid is already taking a number of actions to address these issues

Acting as it should today, Defensive.