National Grid Share rights issue.

[Onelife]

I’ve gone in a little blind taking up my option to purchase more shares with National Grid…good buy or not I have no idea but I like a gamble so I thought why not.

Any of you backing the same donkey as me?

[Mervyn and Trish]

You'll be sorry when Angela and her mate confiscate it from you.

[Onelife]

You'll be sorry when Angela and her mate confiscate it from you.

My investments are thwart with disappointments…However, I cling on to the hope that the next one will be a winner

[Ranchi]

I don’t think it will be a banker or a bank breaker one way or the other. There are relatively few shares offered to you as part of the rights issue so it isn’t a massive outlay. We took up the option (partly because the alternatives ‘May be sold’etc. and some part of the cash sent back to you, seemed so complicated.
I must admit I have little expertise in these matters. I much prefer it when things are done as a fait accompli as happened with say Whitbread (selling off Costa) or GSK & Haleon.
As a bit of an aside, financial appreciation is sadly missing from education. Our son’s first employment was at a company that had a pension scheme which each year members were asked which funds they wanted their pensions funds paid in to. Really he (& we) were absolutely clueless. Fortunately we had an acquaintance at our leisure club who was willing to advise. Our son has now moved on to an employer with a more normal pension scheme.
A final anecdote. Our Best Man worked for one of the big banks and as a teenager I remember him saying ‘I’ve bought into xxx company at 41/2d per share. They are at an all time low. They will rise soon.
xxx = British Leyland
I’m sure NG is safe and our investment will flourish.

[Onelife]

Hi Ranchi…that’s an interesting point you make about financial education or indeed the lack of it within our education system. I also think for many of us older folk the terminology used can be confusing in what is often a myriad of options to choose from.

Yes, my outlay was relatively small and as we will be buying lower than the current share price it will probably be a break-even deal considering the falls in recent weeks.

We had a portfolio of shares at one time but decided to play safer and stick it under the bed…just as well as we did cus only a week or so later there was a massive crash in the financial markets....more luck than judgment I may add.

[Ray B]

Hi Onelife,as a shareholder put your hands in your pocket and put the damm proposed 100 mile of overhead wires from Norwich to Tilbury out to sea so as not to blight the Norfolk,Suffolk and Essex countryside. Hi Onelife,as a shareholder put your hands in your pocket and put the damm proposed 100 mile of overhead wires from Norwich to Tilbury out to sea so as not to blight the Norfolk,Suffolk and Essex countryside.

[Ray B]

Don't know how that happened,must have been a good post as it repeated itself.

[Onelife]

Hi Onelife,as a shareholder put your hands in your pocket and put the damm proposed 100 mile of overhead wires from Norwich to Tilbury out to sea so as not to blight the Norfolk,Suffolk and Essex countryside. Hi Onelife,as a shareholder put your hands in your pocket and put the damm proposed 100 mile of overhead wires from Norwich to Tilbury out to sea so as not to blight the Norfolk,Suffolk and Essex countryside.

I heard you the first time Ray

Unfurtunatly the 400 shares I have won’t carry a lot of influence…but rest assured I will pass on your wishes.