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Here's a Sparky Electric Company that Should Not Cause Any Brexit Shocks

By Malcolm Stacey | Monday 24 December 2018

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hello, Share Jinglers. What shares should we look at now as our break from Europe gets ever nearer? One suggestion of a big enterprise that should not be affected by the big change, whichever way it goes, is the National Grid (NG.).

Whatever happens, we will still need loads of power in this country. The rise of technology will make sure of that. Once I had a single electric socket in my study. Now I have a dozen. That is happening everywhere. And the rise in renewable energy will not be able to cope. Especially when electric cars become the norm.

The Grid also does a lot of business in the USA. It supplies 20 million folks in the northeast of the country. So any trouble in Europe won't cause problems there. In Britain, the Grid has 4,474 miles of overhead power lines. And nearly another 1000 miles underground.

Yet I have to say that over the years this near monopoly has not performed well for me. The money I put in 15 years ago has not grown that much. Though the dividends have been handy. But this has the trappings of a reliable share in unreliable times. The Grid can hardly be troubled by that big menace to other large companies - the sheer strength of tough competition. And while the big energy supply companies are threatened by smaller outfits prepared to charge less, the tiddlers will also have to be customers of the Grid.

If you’re still worried about the Grid falling behind as renewable energy from wind farms and power from the sun gets a stronger hold on British supply, well, perhaps you shouldn't be. Grid boffins are very mindful of technological change and are preparing to adapt to it. So not a company that may see huge rises in its share price. But one which may keep your investment running fairly safely at a reasonable pace.

And now please join me at the Punter’s Return Christmas party.

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