Primary reason IMHO..18 Mar 2021 10:14
I think the changes actually make logical sense. It looks to me like Rhode Island was a bit of a swap for Western Power, and gut feel is that NG are looking to extend control over the end to end Electricity network so that they can better provision services to cater for changes in the market that will occur as the UK shifts to localised demand as a result of Electric vehicles local power provision etc. Looks like a good move to me, also the US is actually a larger proportion of the NG revenue and market, it's still a vast opportunity for any company with deep experience in Electricity distribution, so I think that you will see further acquisition and business growth there. I am a long term holder primarily for the dividends, and not looking to grow my share numbers here, but I think this move will allow NG to continue to grow revenue, and more importantly sustain their dividend payments... So a buy if you want a good dividend stream, maybe not a massive growth share...