If the currency exchange rate gets up to around $1.68 per Pound or NG.L trades in London at 8.50 Pounds per share, NGG should hit $70.00. They are both headed in the right direction now. Let us know if you get out at $70. I'll stay in until -I don't know - how about $80??
Your post reflects my feeling about GIM, and I added 30% to my holdings in January. I bought GIM at IPO time in May 1988 and have seen scary times over the years, but overall I've been pleased. I believe the risk is low for income investing as you describe. Also it's exciting (for me) to keep abreast of world events that influence it's performance, and the education is always worth a little if it goes down the tubes. I think that means don't put your last dollar in this or any other equity..
Banks that process ADR's for foreign companies often collect a fee from brokers for processing dividend payments. This is to offset their cost for currency exchange and anything else related. Bank of New York handles the ADR's for National Grid. What I don't understand is why they just started this with the Jan. 2014 payout. It's a small amount so I wasn't too concerned but I'm glad you brought it up.
Anyone else know why this change?
ITT has certainly had a good run since I bought a couple years ago - before the break up. I think it will taper back a bit along with the market as a whole. My thoughts are that it's a good buy around $40 and we will probably see that during the next month or two.
All the ITT components except control technologies are having an excellent 2013. CT is flat for the year, probably due to military cuts. I could imagine another spinoff,like XYL & XLS similar to that of 2 years back. In fact, I thought the intent was that they would become takeover candidates. Anyway,takeovers are usually good news for stockholders.