British Energy Share Discussion Threads

[safwat5] 13/10/2004 10:12

Will it go down to 10p today, I wouldn't be surprise at all.....would you?

[quidzinn] 13/10/2004 09:41

Pre-delisting tree-shake gets a few more shareholders out of the frame ...

Q

[safwat5] 13/10/2004 09:28

Is BGY still red hot!! I doubt that very much.

[shotoshi] 13/10/2004 08:36

For what it's worth I just dumped my lot. Fed up with it and moved on to Fulcrum Pharma and other potential.

Good luck all!

[sloot] 12/10/2004 19:09

FTSE
12 October 2004




British Energy PLC (UK) - Cancellation of ListingChanges In FTSE Indices

12 October 2004
Further to British Energy's announcement regarding its proposed cancellation of listing, subject to the cancellation
becoming effective on Thursday 21 October 2004, FTSE announces the following changes:

INDEX CHANGE EFFECTIVE FROMSTART OF
TRADING
FTSE All-Share British Energy (UK 0738293) will be deleted. 21 October 2004
FTSE CAP All-Share British Energy will be deleted. 21 October 2004
FTSE All-Share Ex-Multinationals British Energy will be deleted. 21 October 2004
FTSE All-Small British Energy will be deleted. 21 October 2004
FTSE SmallCap British Energy will be deleted. 21 October 2004

Note: In the event that British Energy PLC returns to listing at a later date, FTSE will treat the event as a new issue
and will therefore be subject to normal eligibility rules before any subsequent re-inclusion to FTSE indices.



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[pc4900074200] 12/10/2004 16:16

The delisting is set to take place the day before the vote.

pc

[tuteratut] 12/10/2004 11:31

No I think that it is saying "we have applied to delist to cover the possibility that shareholders may vote against us". The delisting would not be dependent on how shareholders vote but would obviously have to take place in advance of any such vote.
The risk referred to is the risk that the UKLA might not agree to a delisting.

Well, that's how I read it :-)

[martin036] 12/10/2004 09:53

From the restructuring update RNS just out:


• cancellation of the listings of the Ordinary Shares and A
Shares by the UK Listing Authority ( which is required if the proposed scheme of
arrangement with shareholders lapses and the disposal pursuant to the Business
Transfer Agreement is not approved by shareholders)

So does that mean cancellation of listing will NOT go ahead if the proposed scheme of arrangement lapses etc etc?

[skintvestor] 12/10/2004 09:45

Should we hang on to our shares and wait for de-listing. Does anyone know what the likely value might be?????

[chelle] 12/10/2004 09:32

where is everyone???

[nimbo] 11/10/2004 10:24

Clare's email address - [e-mail]

[barnetpeter] 10/10/2004 13:49

The Government moans that folk are not saving for retirement; what a suprise! If you do, they shaft you; if you pay in nothing, they will shower you with benefits. What a stupid short-term view that tomorrow's earners will have to pay for.

[tuteratut] 09/10/2004 23:53

sloot Stick in there and get the best advice you can.

[sloot] 09/10/2004 17:14

Thanks for everyones thoughts, 20:20 hindsight is a great thing. I am now 63 and will be forced to retire in 2 years from my current job. If this goes t*ts up I will have to live on what I can salvage plus my state pension, plus any part time work I can get.

Its a great reward for a lifetimes work and saving.

Thanks Blair, Montegue & Co. Look after No. 1.

[tuteratut] 09/10/2004 17:01

sloot £800,000 now worth £100,000 ????? It will be a slow road back and I'm sure everyone here would wish you well. I know you have decided to sit tight on it; I presume that is because you have it in a tax-free wrapper. So there is little point in saying that you don't have to win it back the way you lost it.

[soul_trade] 09/10/2004 14:05

oh man, thats tough, hope everything works out for the best

[sloot] 09/10/2004 13:27

Average £1.27 if that helps

[soul_trade] 09/10/2004 12:41

what price are you holding them from sloot?

[2deano] 09/10/2004 11:22

sloot - You shouldnt have all your eggs in ONE basket.

I'd recommend you read Rich Dads Prophecy by R. Kiyosaki and fill your 'ARK' with other assets. Indeed, consider different asset classes too, not just paper.

Best Regards.

[tuteratut] 09/10/2004 09:54

sloot. Well said. Montague et al will have no such pension worries. i hope it works out for you and BGY proves to be a multi-bagger wonder stock. You aren't in any rush to retire, are you :-)

[sloot] 09/10/2004 06:59

I hold all my BGY shares in a PEP.

I have just received the following from Barclays Stockbrokers (Was Charles Schwab)

(My capitals)

"Under Inland Revenue regulations, you cannot hold unlisted stock in a PEP. IF the delisting takes place you will not be able to continue to hold British Energy shares in your PEP. WHEN we receive confirmation that the delisting HAS TAKEN PLACE we will write to you further with details of the options open to you"

SO - all this scaremongering about having to sell all your PEP/ISA share before the delisting is absolute b*ll*cks and probably has been seeded by the bigger institutions or even BGY themselves.

Still holding my 650,000 until the end ........

This is my entire pension pot, my life savings since 29 - I have scrimped and saved for my retirement all these years, taken HMG's recommendation of looking after my own future, invested in HMG backed stock -

I expect when they delist HMG will want another cut of stamp duty when the shares have to be transferred into a nominee account ----

Meanwhile the fat b*st*rd Montague and the directors retire on a nice big fat bonus -
See you on the streets you scum