Director dealings: National Grid non-exec buys shares after capital raise

(Sharecast News) - Earl Shipp, an independent non-executive director at National Grid, picked up some shares in the utilities group at the start of the third quarter. On 2 July, Shipp purchased 1,000 shares at 899p apiece for a total transaction amount of £9,259.7.

That same day, analysts at JP Morgan had added the shares to their 'analyst focus list'.

The company, they argued, was well positioned to benefit from value-accretive networks growth and offered an attractive valuation.

"We believe that the shares are trading below fair value because of election uncertainty, and because of regulatory uncertainty in UK Electricity Transmission - we should begin to see clarity from the regulator's methodology decision due next week," they added.

On 23 May, the company had announced a larger-than-expected £7bn capital raise to finance investment in the US and UK.

Its power networks in both countries were under pressure amid the broader shift towards renewable energy.

Analysts had anticipated that National Grid would try and raise up to £5bn.

Top Director Buys

Triad Group (TRD) Director name: Rigg,John C Amount purchased: 425,500 @ 315.00p Value: £1,340,325.04

National Grid (NG.) Director name: Shipp,Earl Amount purchased: 7,030 @ 899.00p Value: £9,259.70

Simec Atlantis Energy Limited (di) (SAE) Director name: Hirst,Simon Amount purchased: 850,000 @ 1.99p Value: £16,893.75

Cvs Group (CVSG) Director name: Gray,Richard Amount purchased: 1,600 @ 1,019.00p Value: £16,304.00

Simec Atlantis Energy Limited (di) (SAE) Director name: Woodley ,John Anthony Clifford Amount purchased: 500,000 @ 2.00p Value: £10,012.50

Solid State (SOLI) Director name: James,Peter Owen Amount purchased: 699 @ 1,430.00p Value: £9,995.70

Simec Atlantis Energy Limited (di) (SAE) Director name: Black,Duncan Amount purchased: 271,951 @ 2.00p Value: £5,439.02

Simec Atlantis Energy Limited (di) (SAE) Director name: Reid,Graham Amount purchased: 225,780 @ 2.16p Value: £4,872.33

Triad Group (TRD) Director name: Rigg,John C Amount purchased: 212,750 @ 1.00p Value: £2,127.50

Fdm Group (holdings) (FDM) Director name: Flavell,Sheila Amount purchased: 241 @ 414.00p Value: £997.74

Fdm Group (holdings) (FDM) Director name: Flavell,Roderick (Rod) Amount purchased: 241 @ 414.00p Value: £997.74

Fdm Group (holdings) (FDM) Director name: McLaren ,Michael (Mike) Amount purchased: 120 @ 414.00p Value: £496.80

Sabre Insurance Group (SBRE) Director name: Carter,Geoffrey Richard Amount purchased: 134 @ 150.16p Value: £201.21

Croda International (CRDA) Director name: Foots,Steve Amount purchased: 4 @ 3,992.00p Value: £159.68

Easyjet (EZJ) Director name: Jarvis,Kenton Amount purchased: 32 @ 478.00p Value: £152.96

Cls Holdings (CLI) Director name: Widlund,Fredrik Amount purchased: 163 @ 92.00p Value: £149.96

Cls Holdings (CLI) Director name: Kirkman ,Andrew Amount purchased: 163 @ 92.00p Value: £149.96

Croda International (CRDA) Director name: Brophy ,Tom Amount purchased: 3 @ 3,992.00p Value: £119.76

Top Director Sells

Solid State (SOLI) Director name: Marsh,Gary Amount sold: 35,000 @ 1,420.00p Value: £496,999.99

Solid State (SOLI) Director name: Macmichael,John Amount sold: 30,000 @ 1,420.00p Value: £425,999.99

Wetherspoon (j.d.) (JDW) Director name: Whitley ,Ben Amount sold: 7,000 @ 761.40p Value: £53,298.17

Wetherspoon (j.d.) (JDW) Director name: Whitley ,Ben Amount sold: 7,000 @ 761.40p Value: £53,298.17

Triad Group (TRD) Director name: Rigg,John C Amount sold: 425,500 @ 1.00p Value: £4,255.00