We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 772.00 | 772.00 |
| Top Posts |
|---|
Posted at 13/11/2008 23:27 by daveram13 The offer is only 9p more than the one that British Energy rejected in July.An interesting feature of the bid is the option to receive £7 in cash plus one 'nuclear power note', the idea being that investors can retain some exposure to wholesale power prices. It is expected that the notes will be traded on Plus and will pay dividends linked to wholesale power prices over the next decade. Whether this is a worthwhile option for private investors depends on what happens to wholesale power prices. Any views? |
Posted at 02/10/2008 14:27 by bobp LFDKMP,There is no generic answer. Usually you'll get a message sent to you via your broker telling you the options etc, but its a bit too early. If I were you I would ping BGYs Investor Relations an email and ask. Then keep the email reply. If you ring and get duff gen its hard to argue later. Good luck! |
Posted at 29/9/2008 06:43 by bobp One of British Energy's biggest investors has so far declined to sell its stake to EdF, believing that the French company's £12.5bn takeover bid may yet fail regulatory hurdles. M&G, which owns 5% of the UK nuclear power generator and helped block EdF's original offer, argues that the revised bid significantly undervalues British Energy, reports the Telegraph. ( 29th Sept ) |
Posted at 25/9/2008 10:09 by speedy Corporate? obviously of no relevance to investors then ;-)PS thanks for that! |
Posted at 21/9/2008 09:14 by sat69 EDF to table £12.4bn British Energy bidAndrew Leach & Helia Ebrahimi, Financial Mail 21 September 2008, 9:28am French energy giant EDF will table its long-awaited £12.4bn bid for British Energy this week, providing a huge cash windfall for the Government and kick-starting a massive rollout of new nuclear power stations. The recommended bid for the nuclear generator - expected at about 774p a share, which is 9p a share higher than an earlier EDF proposal - could come as early as Tuesday, providing a boost to the Government during the Labour Party conference in Manchester. EDF's initial offer was scuppered in July at the eleventh hour in the face of opposition from BE's major shareholders, Invesco and M&G, which were holding out for a bid of 800p a share, suggesting that high wholesale energy prices demanded a high valuation on the generator. However, the slump in oil prices since then is believed to have persuaded them to back a revised deal with a slight increase in cash and a tweak to the amount of 'conditional value rights', which will enable investors to take a limited share in BE's future profits. A recommended deal will be a relief to the Government, which will raisebns of pounds from its 35% stake as well as securing a strong parent for BE, which it hopes will spearhead a new generation of nuclear power stations. The Government gave the go-ahead last January for new power stations to be built to help cut carbon emissions and reduce the UK's reliance on imported energy. BE, whose shares closed last week at 7201/ 2p, operates eight nuclear power stations and also has land around them where new plants could be built. EDF, which was always the Government's favoured bidder, has much experience in building nuclear stations. It operates 58 in France that provide 80% of the country's electricity. Following the takeover, the French are expected to continue to pursue talks with Centrica, owner of British Gas, to take a stake of about 25% in BE. That move would enable EDF to offset some of the cost of the takeover while involving a British company with access to millions of customers. EDF, which is 85%-owned by the French government, has 7.9 million customers in the UK. |
Posted at 18/9/2008 06:57 by bobp EDF is hoping to seal a £12bn takeover of British Energy next week, despite having a similar bid rejected by the UK nuclear generator last month as too low. While the board of the French state-controlled energy group did not take a decision on a fresh bid when it met yesterday, sources close to the company believe the falling oil price makes its 765p-a-share cash offer look more attractive to investors such as Invesco and M&G, who opposed EDF's earlier offer, writes the Independent |
Posted at 07/9/2008 09:19 by sat69 From The Sunday TimesSeptember 7, 2008 EDF close to victory on British Energy Improved EDF offer for British Energy may sway rebel investors to back £12bn dealDominic O'Connell and Iain Dey THE French utility giant EDF was this weekend close to securing the shareholder support it needs to seal a £12 billion takeover of British Energy, the UK's only nuclear power generator. The French group has improved the terms of a bid that was rejected at the end of July by two large shareholders. It is now hopeful of winning the backing of fund manager Invesco, one of the two rebels, which controls 15% of BE. Together with the British government's share - it has already publicly backed EDF - the French could then count on about 47% of BE's shares voting in favour of the plan, probably sufficient for the BE board to recommend acceptance. The other rebel, M&G, the fund-management arm of Prudential that holds 7%, is still pushing for a merger with Britain's Centrica. In July, EDF offered 765p for each BE share, valuing the whole company at about £12 billion. Shareholders could choose to take the cash, or 700p plus a "contingent value right" (CVR) - in essence, a slice of the company's future profits. Invesco and M&G said no. It is understood that EDF is now considering a small increase in the cash price and, crucially, a change to the terms of the CVR that would make it more valuable. This is thought to involve changing the assumptions made on BE's likely power output and the price it will receive for its electricity. Some sources close to the talks hope the deal will finally be brought to a conclusion within a fortnight. John Hutton, the business secretary, told The Sunday Times he was "impatient" for it to happen. Meanwhile, M&G has done its own analysis on a combination of Centrica and BE. It found that synergies of £4 billion to £6 billion could be extracted from a merger. That would lead to BE shares being worth about 925p, according to M&G's sums. The assumptions are based on Centrica offering five of its own shares for two British Energy shares. Although no such offer is imminent, some City sources believe it was never given serious consideration due to the government's preference for a cash offer and a partnership with EDF. M&G also believes the enlarged group's improved balance between customer power demand and generating capacity could lead to better customer service, which would be worth £1 billion to £2 billion. |
Posted at 04/8/2008 07:13 by mirex Centrica may have seen the complications towards foreign investmant (edf) as an open door to them and will want as close to 100% as government allows. They are sounding out major investors accordingly, pronably with a slightly increased price in mind. It's all good long term, as i said, it's complicated this one, not a normal takeover and isn't a short term punt. We may still see £10-£12 though. Major shareholders see the value in foward electricity prices and nuclear energy so want it too. |
Posted at 02/5/2008 15:21 by praipus 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. |
Posted at 28/4/2008 14:00 by praipus Its interesting that the French and German investors never have the same scepticism of government influence on utilities as British Investors."You dont know what youve got until its gone". "The process comes amid the continuing auction of British Energy, which is descending into a four-way battle between EDF, RWE, Suez and E.on." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
