Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years. at t1ps. He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. He is also going to do a monthly column for me on this blog on the subject that really interests him, life on Hampstead Heath. I am sure we all look forward to “Pond Life.” RSS today looks at National Grid and starts, once again, with a touch of comedy. He is a funny chap RSS.
The observation about things being in the price is usually a prelude to the conclusion that a share price is well up with events; more than discounting prospects and one where a profit should be taken. On this occasion, in respect to that dullest of shares, the National Grid, (NG.) it means the opposite. Dull and boring, as my friend and former t1ps colleague Tom Winnifrith often says in relation to shares, is sexy. At my age I have long forgotten what he means by that but I think I get his general point and agree.
What is in the price of the shares of the great UK and US electricity transmission supply owner and operator, is a growth in dividendsComments