National Grid ADR repsg 5 Ord Shs V.NGG

Primary Symbol: NGG Alternate Symbol(s): NGGTF

Utilities Utilities - Diversified

National Grid plc is a United Kingdom-based energy company. The Company's principal activities involve the transmission and distribution of electricity in Great Britain and of electricity and gas in the northeastern United States. Its segments include UK Electricity Transmission, UK Electricity Distribution, New England, New York and National Grid Ventures. The UK Electricity Transmission segment includes the high-voltage electricity transmission networks in England and Wales. The UK Electricity Distribution segment includes the electricity distribution networks of NGED in the East Midlands, West Midlands and Southwest of England and South Wales. The New England segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New England. The New York segment is engaged in gas distribution networks, electricity distribution networks, and high-voltage electricity transmission networks in New York.

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National Grid ADR repsg 5 Ord Shs

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Comment by MontyHighon Dec 13, 2008 9:07pm

432 Views

Post# 15644785

RE: RE: What Is NGG Worth Based On OZN.TO Takeover

You wrote: "Perhaps OZN was a fire sale given that they were financially screwed? "

I guess you knew this, but that was exactly the case. They had 11 M$ more current liabilities than current assets with a 40 million $ note (part of that 11M$ more) coming due in Jan 2009.

So, that shows you that it was a distressed sale and probably good for the buyer. It still provides a data point for valuing New Guinea Gold.

MontyHigh

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