Member Info for longtimeinvestor

ADR's represent a number of shares issued and held at a depository bank , in the case of NG, 5 voting right shares .

The number of voting right shares are currently 3,719,747,182. 7 in 24 of that number multiplied by the rights issue price of £6.45p comes to the £7 Billion being raised.

The after hours price of an ADR yesterday was equivalent to £9.25p per share as I had already mentioned. I have also mentioned what looked like an arbitrage situation.

The pre open ADR price is now currently equivalent to £8.93p per share with the UK share price now up to 880p, meaning that taking advantage of the arbitrage situation has now all but disappeared whereas at one point the difference was about £1.

This gap in price and guessing that 'tail swallowing' which would have the technicality of downward pressure on the share price may be largely over prompted me to purchase near the lows yesterday.

Well done (for the time being at least) to others who purchased at or near lows yesterday

After hours price equivalent o £9.25 p per share

Rip

''Closed 837p''

no closed up 4.6p at 843p

The ADR current price works out to over £9 per share - make of that as you will.

A case for arbitrage?

Bigf

''What happens if the share price drops below the Rights Issue value ?''

??

Nothing

NG are guaranteed to raise the money from the rights issue at 645p per share

Lti

''We do not yet know, how much money Blackrock will have invested in Lloyds until after that date.''

oops - National Grid

Sba

the amount payable will be 39.12p

Torn

''Blackrock chose not to take up their rights so far ''

??

New shares via the rights do not hit the market until 12th June.

We do not yet know, how much money Blackrock will have invested in Lloyds until after that date.

Individual Institutions will be deciding on the level of their NG investment during this RI process, which may indeed for some of them have involved selling shares to take up the rights.

Ton

''They took the wrong decision because they did not understand the metrics of the business''

An opinion from a keyboard warrior about the people in charge at National Grid .

FFS

Roj

still possible though for the share price to go lower - still a number of trading days to go for more current investors having to do some 'Tail swallowing' in order to take up cheaper 'rights'

I will look to purchase more on any significant further drop (excluding xd)

Hu

As i said they can impose any tax rates they like and on what they like, but Lloyds has not had a windfall.

Check

''the banks are coming of historic lows thanks to Brexit & Covid ''

re ''thanks to Brexit''

wrong - Lloyds share price has been over 70p after voting to leave the EU.

At under 835p

Hu

'' to see if Labour announce any windfall tax on banks then.''

they can obviously set any tax rate they like on businesses but Lloyds hasn't had a windfall. Base rates are simply back nearer to normal historical levels.

Lloyds underlying profits in 2023 were lower than in 2021

Fakey

''LTI is calling them as Fake positions..''

i looks like another re posting of yur posts needed - after these posts you then made a post stating 5 x £500 SB's total £2,500 (since disappeared at your request after you were found out)

fakey

24 Apr 2024 09:20

Shorting @ 50.59p

24 Apr 2024 10:41

Added more...averged @ 51.09p....

24 Apr 2024 13:51

Averged now @ 51.44p...

2 May 2024 14:12

Have added more short @ 52.40p

2 May 2024 14:24

Averged @ 51.76p ...

7 May 2024 13:23

Suf, £1500 pp...

9 May 2024 11:28

Added more short @ 54.08p...Average @ 52.34p...@ £2kpp

17 May 2024 09:00

Added more (shorting) @ 55.14p

22 May 2024 09:55

Shorting @ 56.87p....

Fakey

''See my SB positions''

how many more times? - I have proven your SB posts to be FAKE, why do you continue to need such attention?

Go

that would be 'cum dividend' as well.

It is a bit of guess work as to when the'tail swallowing' will finish it order to get the best price for a new investor.

Ido

''given they need to raise more money to cover that £60bn budget.''

more speculative nonsense - they have a budget up to that amount. They invested over £8 Billion last year. The RI was a good way to inject extra cash quickly to get things moving on the infrastructure requirements of the future to deal with the great increase in electricity consumption that will be taking place. Projects are waiting to tap into the Grid.

I cannot believe the stupidity of some investors complaining of an investment that the UK has to have for the future. Shareholders will benefit from such investment.

IDO

''Add to that the plans to spend circa £60bn more over the next few years. Why are you surprised that the price has tanked, and continues to do so.''

you are as clueless as flec

''In short, fleecy is on the money.''

saying that sentiment has turned against the NG business is NOT 'on the money'.

I have already said, that it is the technical - day 1 fall in eps, added to my previous post where I said many shareholders are having to sell stock to take up some rights and then of course the general stock market creating fall in other stocks from highs.

Torn

'' Market makers and broker in a panic with to many shares to off load.''

I wish people would be a bit more rational. Many investors may have had to resort to 'tail swallowing' in order to be able to buy the new shares- any selling as a result of that will be to the benefit of new investors .

The new shares will cost me a LOT of money, but I am lucky that I have the necessary money to take up the full rights, without having to sell shares cheaply in order to take the new 645p ones. I may even purchase additional ones in the market soon if these low prices persist .