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BGYA Brit Energy Csh

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Share Name Share Symbol Market Type Share ISIN Share Description
Brit Energy Csh LSE:BGYA London Ordinary Share GB00B3DD4M63 ORD 10P (ASSD LAKE ACQ CASH)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Brit Energy Csh (BGYA) Latest News

Real-Time news about Brit Energy Csh (London Stock Exchange): 0 recent articles

Brit Energy Csh (BGYA) Discussions and Chat

Brit Energy Csh Forums and Chat

Date Time Title Posts
28/9/200421:33British Energy - the A stock19
28/9/200420:57BGYA - The A shares-

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Brit Energy Csh (BGYA) Most Recent Trades

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Brit Energy Csh (BGYA) Top Chat Posts

Top Posts
Posted at 28/9/2004 20:55 by morks
I am sure that the A shares get treated the same as the ord shares in the restructuring .... can anyone find a link to prove this? but they trade at a discount to the ord price ... Why ?
Posted at 28/7/2004 07:14 by tiraider
A lot of ground to make up
Posted at 23/7/2004 10:40 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 11:04 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 16:22 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 11/7/2004 10:46 by tiraider
hamnavoe;

Thanks for popping in!

With a large spread, it is difficult to trade this stock. However it tends to move in large percentages, both UP and DOWN! So you have to increase your normal stop loss to accommodate the large changes.

It is both stock (BGY) and interest rate sensitive and at the moment as the outlook for both is to increase then there is a double benefit and this stock should outperform BGY.

You have to take a view on both issues and invest as you think appropriate. INVEST is the operative word though as money in this stock may be 'dead' money for quite a while.

When it dips, your broker will be able to call the MMs and buy whatever is available which may not be as many as you want, but a price well inside the spread is achievable. Vice versa if you want to flog a few.

An issue that I have tried to clarify without success is what happens if BGY shares are diluted? Well even if this stock is diluted, will each share still be entitled to it's payment? An email to BGY went unanswered although it was acknowledged.

So it's a risky play, that only deserved a small percentage of my dosh, bought on a down day as described above.

Hope that helps, if you can supply any further info please post it.
rgds
tr
Posted at 10/7/2004 16:10 by hamnavoe
tiraider. what are the pro's and con's of trading BGYA tia.
regards hamnavoe. ..........
Posted at 05/6/2004 17:51 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.
Brit Energy Csh share price data is direct from the London Stock Exchange

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