British Energy Share Discussion Threads

[diogenes dottle] 09/5/2008 11:06

They shouldn't sell it.

[m.t.glass] 09/5/2008 11:01

If nobody else is bidding - and if EDF know the UK govt is so keen to sell - there is no reason why they should offer anything other than a low bid.

If that latest Bloomberg report is correct, and EDF put in a low bid 5% below 7 quid, that makes it around 665p

[diogenes dottle] 09/5/2008 10:56

Bloomberg story on the supposed french offer below the share price

Anyone supect that the French will sell it on to the Russians?

[m.t.glass] 09/5/2008 10:46

10:42am report includes:

"..A British Energy spokeswoman told Thomson Financial News that the company
had never imposed a deadline for bids. "We are not working to any such deadline and we are not aware of any deadline imposed by the government," she said...



So the press speculation is incorrect? There is no deadline today?

[m.t.glass] 09/5/2008 09:40

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)

[sandbank] 09/5/2008 08:39

RICHARDBROUGHTON: Well, I can't fault the math - and of course it would be par for the course for Gordon Brown to sell off Britain's nuclear power generator for a lot less than it's worth. After all remember what he did with Britain's gold reserves?

This is a great shame. The price should have been £12

[richardbroughton] 09/5/2008 08:23

£9-10Bn talked about this am (Telegraph). That's an share price of approx. £6.50 at best! Take Gov't stake (35%) off total and divide by approx. 1Bn issued shares.

[sandbank] 09/5/2008 07:13

EDF seem to have made their minds up already:-
"State-owned French power company EDF, in the
running for a stake in British Energy Group Plc., has bought land near two
existing nuclear sites in England and Wales, the Financial Times said Friday.
The business daily said the company had acquired land near Wylfa on the
island of Anglesey, north Wales, and Hinckley Point, in the county of Somerset,
southwest England.
The paper said the purchases could allow EDF to build up to three new atomic
power stations, regardless of whether it is successful in its bid for British
Energy."

[sat69] 09/5/2008 00:02

Lou

Not quite plucked out of the air. I based my £10 figure upon reading somewhere (sorry, I can't remember where) that the takeout price could be as high as £12! We may still see £10, but even if the sale is done at the (I believe) press-reported 740p, that'll do me if I can get in at £7.

sat

[louish] 08/5/2008 22:07

Sat69,

£10 - is that just plucked out of the air? Why would someone pay £10 per share, which would equate to over £15 billion for clapped out reactors and then have to find another £20 billion to build new ones....

I once thought that they would go to £10 but now think we will be lucky to see anything above £7

[sat69] 08/5/2008 19:08

I expected these to soar to over £10.00. I may decide to have a bite if we get below £7

[richardbroughton] 06/5/2008 18:01

Over 3 million shares bought after the close???? Something going on here, somebody is trying to manipulate the price and expectations, the press are falling for it!

[praipus] 06/5/2008 09:39

pc4900074200 usualy the bidder has to make his offer attractive to the shareholders. I think it would be unlikely for a warrant holder to do any worse than a shareholder. Providing the warrant is in the money.

[harkishan] 06/5/2008 08:46

These are offers to steal the company!

[hightech] 06/5/2008 08:35

are they bids or merger offers?

[pc4900074200] 04/5/2008 09:22

V6Syncro, from your post it looks to me that there was an issue
with the price?

IE. 98p each against the previous printed price of 0.98p each.

I cashed my warrents over a year ago but AFAIK we have until 2010
to cash them in.

One point of interest would be if we are bought out, will people
not be able to cash the warrent certs they hold?

They were issued free re. what your holdings were at the time, at
no cost to you. So IMHO those holding warrent certs. would loose
the added value. IE. current value of share price at only the cost of 98p.

pc

[praipus] 02/5/2008 16:21

V6Syncro,

Sounds like you have recieved a letter reminding you of your rights to exercise on a certain date which would appear to be some time after the 9th of May.

It is also remininding you that if you change your mind about the number you wish to exercise you must tell them before the 9th of May.

Unfortunately I dont have any BGY warrants I'm only long of the stock. So I'm not sure exactly what the terms are.

Other warrants I hold are exercisable at any time and other are exercisable once a year.....you really must read up on the terms carefully.

If your still not sure it may be a good idea to speak to your broker's corporate actions department or investor relations at BGY they will help you.

[v6syncro] 02/5/2008 15:40

Thanks for the Warrants list - very useful

[v6syncro] 02/5/2008 15:38

Thank you Praipus
Are you saying that there are only certain periods in which you get to exercise the warrants? I like you were under the impression I had until 2010 to decide what I want to do. It was just the following that panicked me a little:

Following on from our exercise of warrants notice dated 25th April 2008, please be informed that each British
Energy warrant may be exercised at 98p instead of 0.98p as stated in our previous notice. If you have already
submitted your instruction to exercise such warrants and wish to change your election, due to the above
clarification, then please do so before the deadline date of 9th May 2008.

Do I have to do something before the 9th of May?

[praipus] 02/5/2008 15:37

That said when the French government backed Utilities bought all our water companies they allways used the political "bad news" as their buying signal they also often agreed the deal while the markets were closed on a bank holiday weekend;-)

[v6syncro] 02/5/2008 14:25

This may have already been discussed somewhere, but could someone please explain to me how these warrants work?
Thanks

[richardbroughton] 01/5/2008 09:17

They (the bidders) are trying to talk the price down!

[praipus] 01/5/2008 08:27

Yes of course using our money - day light robbery!