Member Info for Gerry557

is M&S reporting on the Wednesday, how much read across will there be? Although I will be away helping Mrs G so might not be watching too closely whats going on and my focus will be on PNN and SREI who are also reporting on the same day. Not expecting any fireworks on any so shouldn't be a problem unless the politicians open their mouths. Retails sales on the rise so show be good for all retailers but as we all know sometimes shoppers move off to something else or spend on different things. Hopefully SB is on trend and the news is positive for Deb's. Has the drop in the SP settled or will it follow the market down, if and when.

I think its based on an average over the 5 preceding days FX rates The investor relations page might say more

John Pettigrew, Chief Executive of National Grid, said: “On completion, National Grid’s portfolio will be rebalanced towards higher growth assets, whilst maintaining a strong balance sheet and supporting our sustainable dividend policy.”

They also have another 14% to sell at a later date if they so wish. That percentage relates to the gas bit left over not 14% of the £4Bn

Chate this might help a tad http://investors.nationalgrid.com/~/media/Files/N/National-Grid-IR/presentations/2017/Return%20of%20Capital%20Mechanics%20-%20vFinal%20-%20Copy.pdf I think you have to consider they sold something for more than it was valued,reduced debt in the process and gave you cash of 75% of the £4Bn. They also have another 14% to sell at a later date if they so wish. As Bonz has pointed out it a reward for investors, at the time not for those jumping on the band waggon for the windfall. The SP has risen since the announcement but cant recall the figures of percentage gain since. They also gave £150M to good causes like cheap lecky to those in need.... yada yada (Not being the greedy corporate types being banded in the media!) Now you are left with that leaner stronger company with maybe a little more to come and some share buy backs, which personally I would like to see as divis as I prefer to decide in what and when I want to invest in rather than some power company who think they would make good fund managers, but that another fight.

Dan "When i'm confused I look to you for guidance" there might be better people out there than me. I happy to spout mu tuppence worth, albeit from my own slant, which may or may not be the same as yours. In the same boat or like lemmings? "but you sound more confused than me!? " Not sure which bit makes you think Im confused. I do muse several options and personal circumstances have a big bearing .... on MY decisions. "come on, its a buy, you just want to buy at 1.80! but you've missed the boat!!??" It might be a "buy" for you but I'm not tempted to buy more atm. The price has risen (and so have results) Remember the boat is always sailing, right now its sailing away but more recently its been closer. I have topped up twice in the last six month on dips, in Nov 16 and Feb. Not at 180 granted but it did fit my my overall personal circumstances at the time. It could be a long time before I can get a real bargain and in the future if Vod does well 280 might be a bargain at the time who knows. Till then on current info Im happy to collect the divis for the pot until better opportunities come along. Is there more value in Vod price now? I suspect so but its less than it was in Feb. Of course I could be awash with cash at some point and might have to accept buying average prices rather than great prices or in dire needs for cash just as the share price falls to 170 and Im forced to sell. My personal circumstances have a big bearing on my investing and remember there is a difference between short term opportunities and long term goals. Plus there are a lot more shares out there than Vod

The problems is people are giving him money to invest as the market is hitting new highs, he can say I'm stuffing under the bed until the value is better. The discount is building up on the other trust and I was considering a nibble. IPO's on the off never seem good value. Still he can keep talking "sense" and I doubt he is getting the bonus but Vanguard are coming out fighting and high costs drag on returns. Partly why I started picking my own shares like this and save the fund manager fees. Yield falling below 5 percent, not in my top up window either right now but I ain't selling.

Chate, the SP will be unchanged that is why they have done the consolidation. It might change if there is any real news that would have moved the SP anyway such as some accounting scandal but I doubt NG. will be releasing any news until after the open. You will get the return of cash of course and a divi on the remaining 11 shares you are holding.

No sell so consolidation here we come. When to add more now which was the default option anyway but now the pot will be a tad bigger or it will be when the cash comes home!

There are many ways to look at shares and sometimes you have to look at context and outlook with any figures. If you picked cap ex it would give you a distorted picture as Project Spring has inflated this for the last two years. Divi growth, yield, fcf and value might put it in better light IMO but you have to live n die by your own decisions just like I do. Good luck

Just done a quick comparison, like I do occasionally, on vod/vzc now vod is upticking and vzc is not doing too well. Verizion has fallen a tad percentage wise over the years which is better than voda, with over 10 percent fall. Divis have helped of course and hopefully the lack of SP ascendance with have helped with any re investments. I have added to voda in that time but not to vzc, the pound rising might make me have another look across the pond

Just had a quick skeg and it looks like we will be down in £ terms compared to the last lot :( Someone take Twitter away from Trump and let him get on with it!

Spikeyj, actually it looks like he has spread it around rather then sold one and bought another. I didnt find out his buy and sell prices despite a minute and a half on google. I was hoping it would just "pop up" without having to really investigate. I note his new fund has no GSK but he looks like he changed his mind over SSE, which I also held and still do. That was post Ed's price cap call. Now different time but similar calls on energy and some sound more drastic than others. Of course I dont know what he swapped SSE for at the time to compare how that has done against my "hold" but like here the divi has been flowing and in SSE's case has risen. Cant wait for that to happen here

I too am poised to sell today or tomorrow to avoid the consolidation and wondered about buying back later. There are risks to both. I will have dealing fees either way although less stamp if I only by back 1/12th. As there are likely to be many thinking the same there might be some pent up demand next week for the leaner stronger company. That indicates a SP rise rather than a fall. Numbers out today look ok and a rise in the divi to boot, albeit on 11/12th of the shares going forward. Add in the buybacks and maybe my plan is too risky So we might be waiting for more Trump Slump to do the dirty for us, not an unlikely event on recent history. Im also minded that actually, I want more! So doing narda and then waiting past any post deal spike to normalise and then adding more cash later on any slump for whatever reason might be the least risky option. Bonz has highlighted an inconsistency on some of you assumptions so I wont add further. I was just looking at options to get back the shares I am effectively being forced to sell. I am being force to sell higher than I bought and maybe they are a tad too pricey right now anyway. Typing this out, has cleared my mind a bit more and Narda is now likely my default and save the cash for a better opportunity which might be some time in coming. I dont have to buy and I can wait

Has St Theresa said something in the manifesto that looks less bad or workable? Will have a look later

The foreign exchange rate at which future dividends declared in euros will be converted into pounds sterling and US dollars will be calculated based on the average exchange rate over the five business days during the week prior to the payment of the dividend.

"I voted it down, I dont see how shareholders are better off" It should be a stronger leaner company and future growth should be slightly bigger Its then up to you what to do with your cash on the "forced sale" Maybe the SP rise is pricing in what some see as a windfall as opposed to as return of your own cash. Re-buying your shares back might work out more expensive as:- - its a stronger company - everyone might want to buy at the same time - you are competing with their own buy back So you need to consider how you plan to deal with this plus any fees n taxes

Cover was a lot worse and was forecast to be covered this year. They missed slightly be the trend is improving and looks set to continue. Cap Ex should return to more normal levels and many of their markets are improving but like most companies there are risks, as seen in India. Lets hope no one give the EU free mobile! It looks like they have given themselves more time to grow into the bigger dividends and all bar worst case scenario should not have to cut.

"as at 17 May 2017 SSE has directed £196m towards the buy back, re-purchasing around 13.4m shares." So thats about 1463 average. I picked 1399 for my last top up (I still like the divi) then again i can be more nimble. Still I wish they gave me the 50p to reinvest instead. The buy back should be finished by the end of the year! I note that the 1.5 times divi cover that has slipped to 1.2 to 1.4 is not even sacrosanct and they would allow it to fall lower for the right investment if returns warranted. Doesnt leave much for a rainy day. I note that hurricane Teresa will be used in 2021 if we have that many then, lets hope she doesn't hit energy this year. There was no hurricane Jeremy but I'm not too sure how to interpret that. That cover could look too little depending on what she has in mind although it wont matter a jot if it gets nationalised. We are caught in a three way fight ....... maybe 1399 was a risk to far.

You can never have enough bikes! Plus I feel confident that your booking on airlines that have RR engines. I personally prefer the West coast, as the bike riding in Whistler is quite good. Its a long cycle ride across that way but there is a race that runs from West to East coast and takes approx 10 days. Sleeping is cheating though but its not really a holiday. RR SP coming off a tad and market at highs, Sod law says it should come back at some point and will hit new highs once again.