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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brit Energy Csh | BGYA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 28/7/2004 08:14 by tiraider A lot of ground to make up |
Posted at 23/7/2004 11:40 by tiraider Hi Sandy,The header info is a copy and paste from the BGY website. You're right; no dividend was paid in 2003 for reasons most people are aware of. Will they or won't they pay up this year? That is the great risk with this stock. If they don't, the stock pays nothing and has no voting rights. If they do then the yield is 15.5% at this price AND will the missed payment be made? So you have to look at the fundamentals and outlook for BGY and form an opinion about both classes of stock. Rgds tr |
Posted at 21/7/2004 12:04 by sandbank Would anyone on this thread say that the BGYA shares are a better bet than ordinary BGY shares? As I it understand anyone buying BGYA shares today - (incontrast to what is said in the header of this thread) receives no dividend at all - and anyway no dividend has been paid since 2002! Is that right? |
Posted at 11/7/2004 17:22 by tiraider hammavoe,Thx very much, I hadn't seen that article or news. On the same basis, (bonds gone from 25 to 167 = 6.68 times) BGYA have some way to go to catch up... 3.25 x 6.68 = 21.71p Now that's a nice thought! Add in the increased LIBOR and... Rgds Tr |
Posted at 10/7/2004 17:10 by hamnavoe tiraider. what are the pro's and con's of trading BGYA tia.regards hamnavoe. .......... |
Posted at 05/6/2004 18:51 by tiraider What are British Energy A shares?extract from the British Energy website, Significant Dates 10th July 1996 First installment of £1 in respect of shares 16th September 1997 Second installment of 98p in respect of shares 30th July 1999 Bonus shares issued* (1 for 15) to shareholders who held shares since privatisation 9th August 1999 Capital Reorganisation *No new share certificates issued until after capital reorganisation. Return of Value On 12 May 1999 we stated that we proposed to return value of approximately £432m to shareholders, this proposal was approved at a Extra Ordinary General Meeting on 15 July 1999. As a result British Energy undertook a capital reorganisation under which each shareholder received one undesignated share of 40p and one A share of 60p. This was then followed by a capital consolidation which shareholders received 43 new ordinary shares of 44 28/43p for 48 undesignated shares and were given three options in relation to the A shares: Sell back to British Energy for 60p per share by a specified date Receive a single dividend of 60p following which the A shares became unlisted deferred shares with extremely limited rights and negligible monetary value Keep the A shares and receive a continuing dividend of 75% of 12 months LIBOR payable on the principal amount of 60 pence per share with the dividends being paid in August of each subsequent year. In regards to option 3 the A shares are listed on the London Stock Exchange and they can be bought or sold at the prevailing price. |
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