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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brit.Eng.Gp | BGY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 772.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 772.00 |
| Top Posts |
|---|
Posted at 10/10/2008 13:52 by mirex Quite simply, this has been oversold as there's so much money to be made elsewhere. Itsnobigdeal: Bid not in danger due to state of any part of BGY, bid in danger due to the fact that ALL global markets are in meltdown (pun intended!) Shareholders will be consulted eventually, i woudl have thought it may drag out until next year and this whole process could drag on well into Summer'09. Thats the main problem, the share price may continue to slip as who wants to hold on to shares for months for a small % profit when (like myself) you cuold be in and out of HBOS/LLOY/RBS for 100% profit intraday!? 3rd alternative: won't happen. |
Posted at 09/10/2008 10:09 by speedy Just for the record, BGY dipped to 711.5 today. Go figure??? |
Posted at 30/9/2008 07:56 by speedy I'm still holding BGY and RBS. RBS is more interesting but quite a white knuckle ride. I keep hoping it will become more like BGY, but it still surprises. |
Posted at 29/9/2008 10:47 by grcs4 My understanding (from the press etc) is that all the major players were on-side before the announcement last week. Anyway, 5% is pretty low, once EDF get the Govs shares (done deal) and on top of what they already possess, and will possess, I don't think there will be a problem as far as % ownership is concerned. Regulator? I thing the Government will be in there making sure any hurdles are overcome.Not for advice, just my thoughts as I sit looking at a sea of red, except BGY. Regards |
Posted at 29/9/2008 07:54 by speedy Hmmm ... potentially the alternative bid values BGY at up to 700p + 500+p so why isn't M&G loading up with the shares and pushing the price higher? |
Posted at 19/9/2008 14:42 by mirex itsnobigdeal: Government needs it's £4Bn to cover the banking bailouts and for it's green enrgy commitments. I don't think they really care if it's more or less £4Bn too. They know BGY is worth £10Bn+ and with energy the way it is, it's only +ve from there, hence my prediction that BGY woudl hover in a range of about 180-230 and i've been trading this range successfully for months. Even today a limit order of 710p kicked in and sold out at 725p. 730p was the previous offer so +/- 5% of this is where it will stay until a new offer is made. The markets turmoil hasn't even touched BGY on the up or down as it's stuck in this range until the EDF vs. Shareholders debate is complete. Shareholders are becoming more realistic about the price now as £12 is a tad high in this environment. Shareholders too feeling the oinch and may be greatful for the new £12Bn offer. With the complexities around state ownership of this share i can't see any 'paper' offering being considered. Just cash.If EDF drag their feet though, RWE, EON and others may remember what a good opportunity this is and i think the french know this. |
Posted at 06/8/2008 10:33 by speedy A few comments:* To get new nuclear generation built asap EDF (or similar) need to be not only involved but also leading the work. * There are huge risks moving forwards hence share price is likely to heavily discounted unless some of the risk is underwritten by HMG. * Unless the analysts have a crystal ball or in depth knowledge of the state of all BGY's stations I'd go wth the Director's valuation of BGY's prospects. * The analysts can forecast future profits of BGY but do not understand the proposed deal and cannot forecast the future profits under EDF??? To me the only thing that makes sense with this shambles is that the major shareholders need low risk cash flow from liquid assets and that it may take a while to construct a deal around that. Getting a deal done with three or more parties is going to be difficult. IMHO if the BGY board is content with the offer they should recommend it and put it to a vote. |
Posted at 03/8/2008 10:11 by bobp Morning folks, a good bit in the FT if anyone saw it.I think from reading all the news in papers etc that it'll be back on again soon, I think this sums it up.. 1. Govt + BGY + EDF want to agree in the end. 2. Eyes are on BGY and EDF, as posted above, very 'Shoddy' to say the least. 3. The two major holders want more, but what is 'more' and could it be wrapped up to please all. ie, a low share price with some sort of enhanced benefits later. If thats the case £7 may be the limit. I'm hoping things will be back on the table for circa £8, I think thats a good compromise. I bought and sold, glad I did. May be time to hop back in though again and wait-see. I think there's more upside to down, thats if it opens at 699/702 ish, anymore and it gets risky. Therey could agree £7 plus perks not for jo public shareholders |
Posted at 09/5/2008 16:15 by sandbank FALSE MARKET?: Here we go again - for us shareholders this could be another NRK. Clearly there are negotiations going on behind the scenes which we shareholders are not privy to. The issue is exactly when did the Government and BGY become aware of the land deals? Surely what we have now is a false market in the shares. Apparently BGY has enough spare land already at Hinkley Point for a twin reactor so doesn't need the plot bought by EDF . In Anglesey the existing Wylfa station is owned by NDA - not BGY - so this looks like a land bank exercise being carried out by EDF so it can pitch to the UK Government for the new stations - using the existing National Grid infrastructure. Meanwhile the BGY offical line is "deadline?...what deadline?...we never said there was any deadline! " The saga continues. |
Posted at 09/5/2008 09:40 by m.t.glass EDF's action in buying land adjacent to two of BGY's existing powerstation sites surely diminishes the interest of some rival bidders who can no longer bank on being able to do the same as part of any future plans for expanding BGY - unless prepared to pay whatever ransom EDF want for releasing that land to anyone who might otherwise have outbid them for t/o of BGY.. and therefore reduces the prospect of a bidding war.So, if EDF do go ahead today with a formal bid, they can risk doing so at a lower price than might have been needed were they up against others who might now even withdraw. Alternatively they could just ignore BGY now... Either way, the timing of the land deal announcement is clearly a great poker move ;o) |
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