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National Grid ADR repsg 5 Ord Shs V.NGG


Primary Symbol: NGG Alternate Symbol(s):  NGGTF

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.


NYSE:NGG - Post by User

Comment by oldmtnmanon Jun 29, 2009 2:17pm
215 Views
Post# 16106200

RE: MacMin holdings

RE: MacMin holdingsnatery, I recollect seeing a trading day with at least 7,000,000 shares a few months ago, didn't think it was as long ago as Sept., 08.

In early May,  09 I received an Email response from IR stating and I quote: " A lot of the selling is of shares held by Macmin. They are being sold by the trustee, but we don't have precise details on volume and timing ". I'm not sure what to make of that, certainly would hope IR wouldn't be making that kind of statement if they were uncertain about it.

In my eyes it's certainly time somebody gives a News Release update. As indicated above our NGG people claim they aren't privy to trading details by the Macmin trustees. I'm getting more than a little frustrated - if Macmin still holds 10,000,000 shares it would appear very  questionable whether one can justify having much optimism for share price consolidation let alone an early increase?
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