Member Info for Steveyc

What broker are you guys using? I’m with AJBell and no news on my allocation yet…

I think the Americans will like a US CEO bring appointed and positions them well for the US listing… so agree with this

Gotta say this is a stroke of genius, Jay is looking at retiring but strategically having an American (and an Alaskan) at the helm does help derisk it incase a Trump turns on the UK, he will be better placed to agree deals locally with his oil and gas connections. Also having production experience shows where this is going and he has experience needed to make it happen.

I’m on a coffee as well but do believe those 3 words - Drill baby drill - will make some holders into millionaires, just spare a drop or Dom for me

Are there are shorts still left or are they all cooked now?

It's 73.6c at the moment, that translates to just below 60p. Never seem to see much movement once uk closes but this looks like it's full steam ahead, the Americans seem to be interested and buying a lot

Trump has simply turbocharged this, it's happening

Nice 12% rise, opened at £12

50p+ today, surely

690 now, somethings going on, surely! Up 100% in a few weeks

What a ripper. From 350 and now flying past 620, crazy but great for holders and painful for the shorts, long may it continue

Looking forward to the Americans waking up

How long is the offer open for?

That’s good baiting right there, this will never go to £6. High debts yes, but that’s always been the case and par for the course for utilities due to the level of investment required to maintain the networks, they have a natural monopoly so every pound they spend there is an allowed rate of return so all good unless they decide to waste money but the regulator holds them to account on that so they spend their money effectively. The interest rates being high is not ideal but we’re at the top and only heading down so things will improve over time which should raise the share price as they will be spending less servicing debt and having more money to invest or distribute to shareholders

Bargain hunting, are you sure? Surely a 91% uptake is good, not everyone will have had the funds or hit the timetable, looks like a pretty good uptake to me. Others will be bought by the banks but they will be locked in for a while so no mass sell off today

Mangrove going bankrupt with this one

I do agree with this, it’s a no brainer to take the offer as that will limit the damage this has done but if you don’t have cash, what can you do? It’s a tight turnaround and not something worth taking on debt for so sell your higher price shares to fund your discounted ones. You’ll find a lot of NG employees are also shareholders and with a large employee base this is actually quite significant. Also the black rock destake will have had an impact, either they know something we don’t or they’re just reworking their portfolio as they don’t like the volatility this has caused in what they were hoping was going to continue to be a steady stock. They’ve only sold a small portion so they could sell more and it could go further, or, they might be biding their time to get back in when the time is right, regardless they still hold a healthy amount of stock so they’ve still got a lot of skin in the game

Didn’t see a thread about it but looks like black rock have reduced their holding on NG. What are people’s thoughts on this? It seems the market has overreacted again and there’s been a further sell drop this morning. Do we think this is the bottom, or could it go lower? I’m seeing 854 at the moment which is incredible seing as we were at 1145 not long ago

My fear is that they go ex rights tomorrow as per the prospectus and there is a further hefty drop. If that’s the case it’s bad news and you have to ask if a rights issue was the right course over taking on debt or asking the regulator for more money. If there isn’t a drop tomorrow and there’s just a mix up with the dates I’ll be somewhat relieved.

It’s crackers that no one on here can 100% say whether this will open at 920 or 1000 tomorrow. If it is the former, which I fear, the bosses have destroyed some significant shareholder value and clearly people won’t be happy, as others have said, heads have rolled for less, but let’s see what happens next before passing judgement.