Member Info for Chate

Appreciate it Gerry... mist has certainly cleared. Apologies for doubting you !!

Dear Sir or Madam   Thank you for getting in touch.   We are unable to disclose holding information via email for security reason, therefore I am unable to provide you with the correct example on your shareholding.   I have provided an example below based on 500 shares.   Example: 500 divided by 12 =41.66 x by 11 = 458 shares.   The special dividend was paid at 84.375 pence per share for all existing shares.   500 x 84.375=£422   Following shareholder approval at the General Meeting on 19 May 2017 National Grid returned £4 billion to its shareholders by way of a special dividend payment.   The company has also carried out a share consolidation which is taking place in order to ensure that so far as possible, the market price per new ordinary share following the special dividend will be comparable to the price per existing ordinary share prior to the special dividend. This means, instead of the share price falling (to reflect the return of capital) and your shares remaining the same in number, the number of shares you hold will be reduced while the share price is maintained.   Should you require any further guidance please contact a financial advisor. Response from NG.

Gerry... I think i finally get it !! If consolidation didnt happen the share value would have been 84.5p lower... so effectivly you either have 12 shares at say £10... or keep 11 shares at say £10.90... So the return could have been given... but the share price would have had to reflect this, which didnt because of consolidation. Sorry !!

I purchased the shares last year at £9.36. On close of play the day before payment they were circa £10.50.  My understanding was that approx 3.2 billion would be returned to shareholders from sale of gas asset. However i lost 1 share for every 12 i held. Each share i lost was valued at approx £10.50. But i received approx 84p per share i had.  It appears that not only did i not receive a share of the 3.2 billion... but effectivly the money i got was from the shares I already owned and I got back less then they were valued. So... what happened to the 3.2 billion...? Gerry... i appreciate that you have tried answering this question... but the logic in your explanation appears to be flawed... you appear to be quite intelligent... so i can only assume that you may have another agenda.. I have also emailed this to NG. Hopefully an explanation will be sent.

Thank you (Gerry & Bonz) for clarity. I purchased these shares last year and will continue to hold as I believe NG share price will hold or increase when markets eventually fall/decline. If no correction happens, I still have shares in a company with steady growth. Too many articles about market correction, which normally becomes a self fulfilling prophecy in my opinion. I am out of Tesco, BP. Half out of Glencore until it hits £3.05 but sticking with NG and Lloyds. What is your opinon on a correction and does your share portfolio reflect it ? GLA !!!

Thanks Gerry. I considered this, but it would appear that we are basically just receiving the value of the share returned to us then... so where is the 4 billion that is being returned to shareholders ? Sorry... maybe I am missing something ..

Ok... not sure... but I think if you have 12 shares at £2 each... after consolidation you will have 11 shares for the equivalent value... however I am not sure how divi fits in.. usually it is deducted to reflect cash withdrawal and company value.. but some of the money received from sale is also going to reduce debt.. so that should increase value of company.. anyway.. we closed at £10.54... 84p deduction is £9.70... share consoludation should increase this... any one able to say what the opening price is going to be Monday ?

If you take 11 shares for every 12 you hold... am i right in thinking thst this will reduce the amount of future divi's ?

Well..today was disappointing... I thought this news would have a positive effect on share price... can only guess that it was lack of detail...or profit taking.. holding it back. Not sure what to do now...any ideas ?

Was the jump today based on unfounded rumour of Vodafone merger with Liberty... didn't see that coming was busy waiting for news from Idea merger...lets hope share price holds...then rises!! Im out at 214. GLA.

Thank you Courtier, I am already invested via an old share save scheme... very strange how the index seems to remain difficult to find.

Can anyone please tell me what indice/ index this is in.... I can't see it in FTSE100... sorry to ask such a dumb question...

nobody like talking on here ?

Strange how the share price fell dramatically today to circa £3.73... one trade happened for a 60k purchase... can anyone explain how this happened..look at trades on lse it happened around 4.30p...

although NG are buying back shares everyday virtually... some huge sells are also going through.. i feel with the market so high.. its likely to fall soon and being in energy is a good place to be.. but i can only image that the huge sells are from II .. am i missing something.. any opinions really appreciated.

How did this share rise so high on great asset sale and fall almost back to yesterdays close is beyond me.. anyone got any possible answers ?