Member Info for longtimeinvestor

Flec

''So you're saying the over 11% drop on the 23rd was due to sentiment?''

give it a rest - of no interest to you.

It was results day, It was RI announcement day and GE called day.

''I suppose it's a case of seeing where it goes from here now, once the extra 1,085,448,980 new shares hit the open market.''

The new shares are already accounted for in the market valuation. There would only be a overhang not in NG investors hands, if shares were left with underwriters at 645p , which at the moment is looking unlikely.

Flec

the price drop on the 23rd was for the reason as with any other stock on results day with the additional news of a RI to digest. Much of the fall was simply a mark down at open. Many stocks as you should know can fall on results fay unless results are well above forecasts. The fall simply put the price to about that of last month. The price was then adjusted on Friday for the RI.

The current market cap includes the additional shares.

Flec

also - you are NOT a shareholder - your misplaced/inaccurate views are not appreciated by at least one real shareholder. You are simply taking up screen space on a board relating to a business where you have nothing invested.

Flec

'"A rights issue is one way for a cash-strapped company to raise capital often to pay down debt''

as per your other 'bee in the bonnet' issues - give it a rest.

NG is raising money to go towards increased investment in the business to benefit from the big increase in electricity consumption that will be the case in the coming years.

Flec

''The share price wouldn't have dropped to the current level if selling pressure hadn't driven the price down, so the reduction in the price must have been due to negative sentiment on the back of the rights issue announcement, wouldn't you agree?''

you are making yourself look more stupid with each post. NG went xr on Friday therefore creating a price per share adjustment .

Flec

''I thought TERP was just a theoretical calculation''

that is a calculation of what a share price will be when it goes xr.

NG has gone xr. The current share price is a real one not a theoretical one.

The share price from now on will move each day like any other trading day.

Over 8, therefore over 40 so about 12 to find

Flec

NG has gone XR - the share price currently reflects about 29% more shares being bought at 645p per shares.

Companies float on the stock market to raise money for investment etc.

NG are doing precisely that, raising money for investment.

£60 Billion is just a headline making number. NG invested over £8 Billion in the last 12 months. 5 times for 5 years that would come to £40 Billion, so at that rate only another £12 Billion to find after the rights issue. The investment will reap rewards with increasing revenues and 10% annual asset growth

Flec

''Nothing to do with going Ex rights''

yo are clueless

Flec

''Actually it's dropped a lot lower than last months level''

NO, the current price reflects going xr with many more shares about to hit the market - I thought you would have known that. Pre xr the share price would be about the same as just last month.

flec

''LTI I don't talk nonsense and I check my facts''

you do talk nonsense - it has been demonstrated on many occasions when it comes to your 'bee in the bonnet' remarks regarding share buybacks, that shares should not transfer ownership other than by way of the main market, and now about NG's damage to investor sentiment because of their future investments to reap the rewards from vastly increased electricity consumption and subsequently increasing asset values on the back of it.

Flec

''How do you explain Pettigrew's comment that NG had discussed the £60 Billion planned investment with shareholder's prior to results day?''

you appear to have a problem - NO he did not say that he had discussed a £60 Billion capital investment which included a RI.

He said that shareholders were ''excited about the scale of investment opportunities''. As a shareholder, as I have already said, I already knew the scale at which energy usage would increase and the opportunity that would provide for NG. So ZERO new news on that front.

Flec

''No hint of rights issues in those articles.''

''So this clearly damaged sentiment, wouldn't you agree LTI?''

NO, you are talking nonsense.

It has been obvious to me as a shareholder for quite a while reading what would be required because of the expected 50 % increase in electricity usage to satisfy EV's and artificial intelligence etc - that much increased investment would be required to reap the rewards. It makes very little difference to me personally how some of the funds would be raised. Why would NG have given a pre announcement announcement. It is for analyst to forecast full year profit figures and for NG to give the actual annual results on a specific date, so did you really think that they would have said weeks ago that they are going to make an announcement about a RI on results day? - don't be silly. It makes perfect sense, for NG to have announced it along with results.

The share price in effect has simply dropped down to last months level.

Also ,all investors would have known about the RI when the RNS was released.

Flec

''there's nothing to say that damage to sentiment wont hammer NG's share price''

You really shouldn't be coming onto this board as a non shareholder talking about damage to sentiment. What damage?.

They are increasing capital spend to £60 Billion in the next 5 years compared with £30 Billion over the previous 5 years.

This is an INVESTMENT to enable the expected 50% increase in electricity, to be delivered where it is needed. The generators. the suppliers, and end customers of that increased electricity will be paying NG for use of their transmission networks.

The share price is effectively back to where it was last month - no big deal.

From a re based dividend per share, it will grow at the rate of CPIH

And on the 5th of June, the price per share will be what the market determines, and I doubt that it will be 898p.

Big

but a reduction of 39p in the share price due to that amount being returned to shareholders, is NOT the here and now is it. The adjustment relating to that return to shareholders will not be until the 6th June.

Big

''but you can drop another 39p from the 898''

I don't believe that you know what the difference in price will be between 898

and the Tuesday price let alone by xd date, do you?

Big

''but you can drop another 39p from the 898''

and add some back to take account of dividend payments from future increasing profits

Flec

''BT might have competition, but they've had competition since the late 1980's''

Yes, maybe that is why the share price is about half of what is was 36 years ago.

NG being a monopoly has meant it has been a steady investment with increasing regulated returns - share price had increased over 4 fold over the last 28 years

Big

889 - 645 = £2.44p

the market decides on a daily basis the valuation of NG

With shares at 645p now available for shareholders to purchase