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Took my money off the table at breakeven today,
too many unpredictables playing with the SP for me at the moment (USA, bond rates, gas network sell off etc),
and the SP keeps knocking on that 805 door!
Some you win, some you lose.
Entitled to our opinion, but as an ex Transco employee and a Shareholder, I think we will agree to disagree. It was a bad move for both organisations. NG didn't know how to operate at scale, or what to do to develop the much more heavily regulated gas business, and tried to implement strategies to gain organisational synergies that would never have worked. When that failed they just sold off the gas businesses, and made several disastrous outsourcing moves for services that have cost a lot in the long term, and left their systems in an archaic state. Interestingly they now try and operate each business with separation, and may have learnt their lesson...
As a retied NG employee (and a shareholder), I regard this as a great move. The Gas business in the UK never fitted well into NG. The Transco culture brought too much bureacracy into NG and held it back (in my opinion). Electricity is what NG is best at with some outstanding people to deliver.
Its thinking in the direction of heat pumps I believe.
global warming is attributed to another cause beyond carbon...?
Jake, ref household gas supplies- there is no affordable alternative - conversion to hydrogen is un affordable bc of capital required to reinforce the gas network - conversion to electricity - ditto . We [UK] have boxed ourselves into a corner where the laws of science will frustrate political will. Only hope is that global warming is attributed to another cause beyond carbon or we will be bankrupt as a nation.
Good move in my view. Hoysehold gas supplies will have all but disappeared in the near fut in my view. Electric boikers are becoming far more efficient and cgeaper to run.
So the plan is to get out of gas - [no surprise they never understood or appreciated that business] and get into electricity distribution which they will most likely weigh down with impossible bureaucracy. Still us shareholders and the gas transmission people should do nicely out of these moves. Why are we still in usa? Only to justify a larger salary as an international business for the BOD imv.
@CSDI1962 Yep, I was buying this early 2018. Always easy to say with hindsight but I should have sold a bit over £10, I toyed with the idea but this has been such a div. cash cow I couldn't bring myself to sell any! As I say, I bought for the long term and didn't have any targets in mind at the time. I am a bit more active nowadays!
Hello, link for bond info below. alternatively Google us treasury bond yields. I have an average NG holding at sp 822 & am looking for approx 10% growth in the next 12 to 24 months. Failing any lack of SP increase over this time period at least the dividend offers a reasonable return. Would recommend investing at 850 or below & holding for at least 2 years. IMO.
https://m.uk.investing.com/rates-bonds/
where can i view the us bond yields cheers
Thats a nice price to average at. Not been down there for about 3 yrs !
I am quite a bit higher at 875p, so would like to see 950.
Have to be patient with NG as slow mover up; bit quicker on way down though LOL.
Good divi well over 5% while we wait.
Would gladly take a profit of 10% over 12-18 months with or without divi, and then wait to have another go some time later.
GLA
Sub 800 price is possible. Company has a lot of debt so raising yeilds is flagged an issue here. However short-mid term I don't think this will continue and there is strong chart support in the low 700s. 900+ definitely a good short term target if you are looking to trade short term. I see about a 6-7% downside risk and up to 20% upside from this level. I hold for div's, sort of prox. bank account, althought the debt level is a risk. Been eyeing the chart for a possible trade for a while now, sub 800 or as low as 750, I would take a bite of that. (average price of current holdings is 745)
US 10 year treasury bond yields have spiked again, so would expect a dip in NG (plus others) SP tomorrow unless the bond yield levels fall back overnight. GLA.
Guess we've had a false false bounce now?
US 10 year treasury bond yields have risen swiftly to approx 1.5% over the last couple of weeks, see link below. NG (plus others) SP weakness has been reflecting these yield fluctuations recently.
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
i thought these had started to go down
I think Taverham is referring to the yeilds
on treasury bonds.
which interest rate
It has fallen bc interest rates are rising. The trend continues and the divi is uncompetitive atm , expecting falls to mid 700s unfortunately. I continue to hold but don’t know why . Lol.
well said sigma, these are cheap as chips at the moment tho, trading range seems to be 805-840
Shares go up, shares go down, all the fun of the fair !
As CSDI pointed out, if you believe in a share, either long or trade,
don't fret about daily SP moves, just trust your judgement.
Some you'll win, some you'll lose.
But, if you don't believe in a share, definately don't buy it !
Big drops without bad news:
A fund wants in quick = the MM has a big buy order to fill and shakes the tree.
A fund wants out quick = the MM has a big sell order to shift on the cheap.
Plus numerous other possibilites us RI will never know about.
If you are a long term investor, then the risk/reward here is good.
I have some at 865p + costs, but I am in a minority of posters as I am a dividend-chaser and expect to hold for some time.
Most posters are looking for quick profits, so by definition are gambling/trading.
The vast majority of traders lose out.
I have also just bought some SSE with similar m.o. and have been quite successful with them over the last 3 years.
I have 90% of my SIPP in high yield shares, with just 10% or so for trading.
so my view FWIW, if you are looking for a quick profit then I've got no idea.
If can wait for some time, then would expect a nice profit, but nothing to set the world on fire.
I would be more than happy with 10% profit over a couple of years, preferably with the divi (6% p.a) too.
I do not understand posters wondering about day to day movements - that's for the day traders.
Cheers & GLA - CSDI
Everyone on the BT board is excited about the super deduction rules and the price has shot up. Given National Grid has to make some significant investment I am wondering why there is not a more positive reaction on this board? Anyone ideas? Purchased some more anyway and let's hope it is a delayed reaction and we'll be up tomorrow.
Well it rose from 805 to nearly 840 briefly and now back down again! - could this slip below 800, considering a position here but will wait and see as FTSE May drop back tomorrow after budget news digested etc. Any thoughts?