Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Montecristo, your answer itself is scaremongering, unless you can list some specifics........
Any economic policy has to be viewed through a lens that the country is now £2.5trn in debt, is still running a deficit of about £40bn (stripping out Covid and energy measures), has a reported £20-30bn black hole after the Truss/Kwarteng budget because of increased borrowing costs, inflation is running high, growth is low (or negative), we have trade problems with our largest markets and rising interest rates. We're in a cost of living crisis when even people on above median wage will be in fuel poverty and food price inflation will hurt the bottom half of society more than the top half. People are legitimately asking for significant pay rises to cope, which fuels further inflation. With all that, there is simply no alternative but for tax to rise to meet the spending deficit. It is simply impossible to tax anyone on middle incomes or less any more than they currently do. So the only option is to tax rich people more.
How you do that is a very broad conversation.
Don't be so sure that is scaremongering.
You will be amazed at what the next Labour government will do to the "rich" ie anyone who owns anything.
Lexus,
As much as that?
Steven byers gave me 1.76 for my 14 quid railtrack shares.
jr
Stupid scaremongering! Labour under Corbyn may have had a nationalisation plan, but it is not policy under Starmer.
Secondly, even if there is any push for nationalisation of some industries you can be certain that water, train and electricity generators will come well ahead of National Grid for the simple reason that thay can profiteer (i.e. rip us off) whereas NG. is tightly regulated already. Given that UK PLC has already been loaded up with maximum debt there simply wouldn't be debt capacity to get as far along the nationalisation chain as National Grid.
A Labour government is not a threat, especially if you take a look around and see what the UK looks like after 12 years of the Conservatives in charge.
yes read up on what National Grid does : )
"National Grid plc is a British multinational electricity and gas utility company headquartered in London, England. Its principal activities are in the United Kingdom, where it owns and operates electricity and natural gas transmission networks,"
Mmm! but there wouldn't be much benefit in nationalising National Grid, that's not the source of the high energy prices...
A labour gvt will want the nationalised, get ready for 5 pounds a share if labour get a sniff of power ...
Somebody just picked up 3,124,119 shares for the princely sum of £26,817,437.50 in the dying seconds of the market today 858.4 / share.
Added to my long-term bag too - but not in anywhere near the same quantity.
52 week low & getting close to global pandemic lows - sure I might be catching a falling knife - but DCA until it breaks above £9 again seems like a sensible strategy for a dividend paying stock that has consecutively increased dividend growth all this millennium (including the pandemic years and financial crash).
BBC and general media panic mongering again. All NG have done is there usual annual risk forecast. You could argue that in any winter or worst case scenario there would be an issue. Depends what the worst case scenario is deemed to be. We've had covid when the whole world was going to die, Brexit when the country would go bankrupt and everything would come to a standstill etc . No doubt next year will it will be something else. Bad news is what the media loves
Buyers still piling in , looks good value now , ex div 24th Nov ....took a few....Atb
All charting on most sites are absolute rubbish now.
All behind paywalls.
jr
I hope the labor gov if it gets in don't use NG as their foundation for this new energy company they are going to form if or when they get in.
Yes looking good to buy .....but will just watch for now ....Atb
I agree this stock is one of the best in recession we all need energy
I don't know if your question was rhetorical, dk27 but I would say that right now NG is one of the stocks I am happy to have in my PF. The markets globally are being throttled by the interest rate rises and THAT won't change any time soon. We are also going into a recession and, just to remind you, it was stocks in the Utility sector that actually made money after the great crash of '29. Gold is no longer the safe haven it once was but stocks such as this provide at least short to medium term safety. It is, at the moment, unknown whether the Labour Party would nationalise NG if they get in but that is (relatively) a long time into the future - over the next 6 months the SP will only rise from here. I have looked at the TA and that would seem to bear out what I'm saying. Time will tell I suppose.
Maybe the fear of re nationalisation talk explains this drop? Hopefully Starmer won't be as vocal as Corbyn was at the last GE. There will always be stories for all the privatised family silver industries - many of them privatised nearly 40 years ago (ah, multiple applications. Nostalgic, I remember it like it was yesterday!)
What happens if labor get in next time. Have the BOD done anything to protect us little shareholders ????
though earnings were not great, but decent. Would this not be a good place hold a small holding? Or maybe BA?
opinions.
i have covered all sectors, bar industrial and utility now for 4yrs.
So Taverham, i used to have a good interest here for 15yrs then sold out 4yrs ago.
You mention that when bonds fall NG falls, would you side that all defensive stocks falls when bonds fall… pharma too
the gas deal was done in march and all of a sudden the uk govt has a heart attack.
for heavens sake what is happening to this country its pathetic.
Britain paid the highest price on record for electricity in London last week as the capital narrowly avoided a power blackout, it has emerged.
National Grid’s Electricity System Operator (ESO) was forced to pay £9,724.54 per megawatt hour to Belgium, more than 5,000% higher than the typical price, last Wednesday to prevent a blackout in south-east London, as first reported by Bloomberg.
https://www.itv.com/news/london/2022-07-25/london-narrowly-avoided-power-blackout-as-electricity-prices-surged-in-heatwave
U.K. energy regulator Ofgem proposed Wednesday to reduce return on equity allowances for Britain's electricity distribution companies for the 2023-28 regulatory period to 4.75% from 6%-6.4% for the current five-year period, which ends next year, and a weighted average cost of capital allowance of 3.26% for most companies.
The regulator proposed a total spending package of £20.9B (~$25.5B), including £2.7B in upfront funding, to be split across the six applicable companies, including National Grid's (NYSE:NGG) Western Power Distribution, which it acquired last year.
National Grid (NGG) shares closed +1% in London on Wednesday, and are up by roughly the same percentage in U.S. trading.
The other five U.K. distributors are Electricity North West, UK Power Networks, Northern Powergrid, SP Energy Networks and Scottish & Southern Electricity Networks.
RBC utilities analyst John Musk said he regards the proposals as a slight positive for the companies, as expectations were for similar total expenditure and return on equity of ~4.6%.
Ofgem said it is "proposing tough efficiency targets for the networks along with a sharp reduction in their allowed rate of return, meaning less of consumers' money goes to company profits," adding that most consumers could see a small drop in network charges.
The regulator will hold consultations on the proposed plan until August 25 with a final decision to be confirmed in December.
National Grid (NGG) is a "solid utility but [with] limited upside," Retirement Pot writes in a bearish analysis newly published on Seeking Alpha.
MNny, The windfall tax will not apply here.Imv investors see this company as a bond proxy and as bond prices fall this falls . simple really.
profit taking i bought at 810 and sold at 1210 plus had some dividends so for a ft100 stock that is good enough for me nothing keeps rising forever.