marktime1231
28 Mar 2018
Re: Sentiment shift? Been having the same debate with myself on the UU. board ... MS have been positive, utilities up in general especially water today, Corbyn fears receding and bond proxies looking better value if the threat of a global trade war dampens growth and interest rates?In which case the likes of NCYF and other bond-like ITs should be rebounding, but not the case so far.GSK improved thanks to its Pfizer / Novartis decisions.Not found any external comment attempting to explain why UK utilities are so strongly back in favour. Not complaining.
Hydrogen Economy
28 Mar 2018
Sentiment shift? NG along with many other high yield stocks which has taken a beating over the last couple of years but the last few weeks have seen signs that they may have levelled-off and perhaps even started a tentative climb. IMB, SSE, GSK similar stories. GSK has had positive news of late. Maybe there are other factors at play like M&A in utilities sector, Corbyn mis-steps but it seems that at these valuations, increased volatility and uncertainty in the market their time may finally be coming. Let it be so, we have suffered long enough!H2
Butterflybill
23 Mar 2018
Share buybacks! OK-I get that the threat of nationalisation is having a negative effect on the share price but cannot understand why the continuing share buyback is not counteracting this (increasingly unlikely) negativity. Answers please.....BB
dregor
10 Mar 2018
Re: From Times - Dregor Spinless/Spineless.Ha-ha, well spotted CM.There's me banging away at the keyboard and not checking my work.Go to the back of the class, Dregor!
Canny Mannie
09 Mar 2018
Re: From Times - Dregor >They appear to be a spinless Well, that would be unusual in politicians...But I expect you meant spineless - and who can disagree with that!GLTA
II Editor
08 Mar 2018
NEW ARTICLE: Trends and Targets for 9/03/2018 " FTSE FOR FRIDAY (FTSE:UKX) It's been a while since we moaned about the AIM market. Thankfully, the AIM remains blithely ignoring the travesty which is the FTSE and, at 1041 points, is trading in fairly helpful territory which does not harm ..."[link]
marktime1231
07 Mar 2018
Welcome recovery on news of the preferred options for ways in which Ofgem may or may not taper the formula setting the rate at which the network can recharge its investment costs to the retailers from 2021, or not.A welcome sp improvement whatever the reason, just another 150p to get back to fair value. Can we be confident enough to say that we have seen the bottom at 740p ... probably not, it is all so political as you say, but I will be adding to my ISA ahead of the next dividend.
Proverbs 26 vs 5
06 Mar 2018
Re: From Times I was once a Conservative County Councillor. On one occasion I spoke out against something that the Conservative ruling group was pushing through because I thought (and still think) that it was profoundly undemocratic. As a result of this the fix was put in to ensure that I would not be selected to contest the seat at the next election.For me it was a price worth paying but then I wasn't relying on it as an income to pay the mortgage.
dregor
05 Mar 2018
Re: From Times Can't disagree with anything you say, Bill.The standard of political leadership and integrity in this country is abysmal.That includes Tories, Labour and the LibDems(who?)However, besides the rudderless Tory party giving strength to the likes of Corbyn and McDonnell, I really am disappointed that many moderate Labour MP's seem to have given up the ghost and one never hears a squeak of discontentment or disagreement from them in relation to 'the annointed one'. They appear to be a spinless , looking after number one bunch of zombies. Haven't any of them got the cojones to put their collective heads above the parapet? For the good of the country, if nothing else? Anyone showing a bit of honesty and courage now, could do well in any future Labour leadership contest as I am optimistic that the Marxist Madness won't last for ever.
Bill1703
04 Mar 2018
Re: From Times "Shifting its primary listing to, say, New York could make some sense."But would have zero effect - as the author has the good sense to concede. Having other, non-UK-regulated assets offers a small degree of comfort to UK utilities investors - particularly NG, given the relative scale of the same for them - but ultimately, the risk of state appropriation of core, monopoly regulated assets is simply not something that any of them can merely shift to the US, or anywhere else. "That's all we need - the Times saying a Corbyn-led government would be good for us. Never mind SELL National Grid, SELL everything might be more appropriate."You are not wrong, FRTEB. More and more people are jumping on the "dysfunctional utilities" bandwagon - including the charlatan Gove, I see - but when last did the lights go out? When last did we run out of water, out of gas (though we came fairly close to the latter the other day, it would seem)?A Corbyn "government" (sic) - when did he or any of his cronies run anything, manage anything? - would be in hock to increasingly militant unions. The same group that gave us - among many debacles - the three-day week in the mid-1970s, no TV, lighting homes by candle. Many of us on here will remember that - and history has a habit of repeating itself, just when we think such things are safely consigned to history. I am increasingly angry at the shocking shambles of a Tory party, with all their lies, dissembling and shameless self-interested posturing - it is they, and they alone, who have made Corbyn credible, and it is they that will bring him to power. If it comes to that - let's hope not, but at the same time, not something we can take for granted.
FRTEB
04 Mar 2018
Re: From Times " Responsibility for ensuring that the lights stay on and that the gas keeps flowing during crises such as this week’s would transfer back to the government. Perhaps a Corbyn-shaped cloud could have a silver lining, after all. " That's all we need - the Times saying a Corbyn-led government would be good for us. Never mind SELL National Grid, SELL everything might be more appropriate.
nk1999
04 Mar 2018
From Times an extract:"..................... Along with other regulated utilities, it is firmly in the sights of Jeremy Corbyn, who has pledged that a Labour government would “regain control of energy supply networks” by bringing the systems back into public ownership. Markets have taken the threat seriously. Since May, when the Labour manifesto was published, the UK utility sector — including National Grid — has underperformed American utility stocks markedly; National Grid shares are down about 35 per cent.Dominic Nash, an analyst at Macquarie, suggested this week that companies such as National Grid even had a duty to shareholders to consider putting their activities offshore to protect investors against potential expropriation.It’s not quite as mad as it sounds: National Grid is investing heavily in its American business, which it expects will overtake its UK division by the early 2020s. Shifting its primary listing to, say, New York could make some sense.Yet expropriation of its core UK network businesses still seems improbable since, even on the present depressed valuation, it would cost billions of pounds that the government is unlikely to have. The more likely option lies in further political and regulatory hits on the profits from National Grid’s core UK network businesses. Going offshore would not help that.Ofgem, the energy regulator, has warned that it is about to get tougher. It is due to unveil its proposed framework on Wednesday for the next “price control”, when it sets the revenues the networks can earn. It is likely to slash the cost of equity allowed for companies such as National Grid and could moot a shorter price control than the existing eight-year system, increasing perceived risk.The regulator has already made a series of decisions that have spooked investors — for example, proposing to slash the revenues that National Grid can get from the transmission link to the new Hinkley Point C power station. There is plenty to worry investors short of full expropriation.Any Labour government surely would want to do something to honour its manifesto pledge. One easy option? To take back control of the system operator role — the electricity half is already a separate ring-fenced business.Responsibility for ensuring that the lights stay on and that the gas keeps flowing during crises such as this week’s would transfer back to the government. Perhaps a Corbyn-shaped cloud could have a silver lining, after all."
Team Manchester
02 Mar 2018
Re: What's going on? LKH intrigue......he got out at 1050p......tell me he didn't!!!Will do.Many thanks.
aspace
02 Mar 2018
Re: What's going on? There are some great posts on here that answer all or most of your questions including the disappearance of LK Hyman. If you filter on Votes > 3 you will probably find most of what you are seeking in less than an hour.
Team Manchester
01 Mar 2018
Re: What's going on? Cheers JOY.My user name is from the good old days of when the Glazers were rumoured to be buying United and the share price was rewarding! It was a tongue in cheek name in which I could forsee/hoped Mr G naming his new team, USA USA stylee .Not a Man U fan thankfully.
