British Energy Share Discussion Threads

[fbrj] 17/1/2005 14:13

HT..the warrants are an important element!! You get 2100 warrants for your 50,000 old shares (1000 x 2.1). Those 2100 warrants currently trading at 177p = £3717. Total currently therefore 2600 + 3717 = £6317 (equivalent to 12.6p per old share).

[kordeiv] 17/1/2005 14:12

British Energy Holdings assigned BB+ rating, outlook stable - S&P

LONDON (AFX) - British Energy Holdings PLC has been assigned a BB+ long-term
corporate credit rating by Standard & Poor's, with a stable outlook.
British Energy Holdings PLC, the parent company of British Energy PLC, is
itself a subsidiary of British Energy Group PLC.
S&P assigned its 'BB' senior unsecured debt rating to British Energy
Holdings' new 550 mln stg of bonds due 2005-2022, which replace the group's
existing bonds.
The new bonds have been issued as part of the group restructuring agreed
with creditors, as a result of which the bonds issued by British Energy PLC have
been cancelled.
The ratings on British Energy Holdings reflect the exposure of the company's
cash flows to volatile electricity prices and the risk of unplanned outages,
weaker-than-expected operational performance and the weak forecast cash flow
coverages for fiscal 2005 and 2006, said S&P.
"We expect the group's cash flows to be supported by sustainable power
prices and the return to more normal production levels from fiscal 2006," it
added.
[e-mail]
ak/

For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

[pc4900074200] 17/1/2005 14:10

HighTec

You should not ignore the warrants as they are being traded.

They are your warrants and they are worth money, that must be added into
the equation.

pc

[duden1] 17/1/2005 14:09

I agree that 50000 old shares equals 1000 new shares

1 new share and 2.1 warrants for 50 old shares,

so surely you will now have 1000 new shares and 2,100 warrants!

Still bad but not quite so bad!

[hightech] 17/1/2005 14:07

BGY is a strategic company. The Government cannot ignore anymore.

I think the following can be calculated:

- Before delisting for your 50K "old shares" you woud get £7000 (50000* 14p = £7000).
- After delisting, for your 1K "new shares" you get £2600 (1000* 260p). The price is equal to around 2.7p before delisting (£7000 / £2600= 2.7p). Sale IMO!!

I ignored the warrants.

Am I right?

[shorters_assoc] 17/1/2005 14:06

Why would anyone want to buy into a company where the Government takes 65% of free cashflow?

Why would anyone buy shares in a company where directors have shafted shareholders?

Surely there are better buys out there - buys where the Government can not interfere with your investment.

[pc4900074200] 17/1/2005 14:05

Not looking as bleak as predicted.

Down on old share price, but not too bad as warrants
are trading well.

Could be a better market to trade?

Hold the shares, trade the warrants.

pc

[kordeiv] 17/1/2005 14:04

that puts a whole new light on the matter

[kordeiv] 17/1/2005 14:03

i'll go with that then

[mryesyes] 17/1/2005 14:01

There has never been a better time to buy

[mryesyes] 17/1/2005 14:01

There has never been a better time to buy

[kordeiv] 17/1/2005 14:01

for every 50 old shares = 2.1 warrants.

Surely?

[drewz] 17/1/2005 14:01

You're wrong Kordeiv.

We get 1 new share and 2.1 warrants for every 50 old shares.

[drewz] 17/1/2005 13:56

Correct pc. Kordeiv has done the calculation the wrong way round.

[pc4900074200] 17/1/2005 13:49

Kordeiv

On your cals. should it not be 1000 x 2.1 warrants

=

2100 warrants @ 0.98p = £2,058

pc

[kordeiv] 17/1/2005 13:42

For every 50 ord shares previously held in BGY - 1 new share & 2.1 new warrants in New British Energy

[tmmsweeney] 17/1/2005 13:36

Are the warrants allocated against your old share holding or the new share holding?

[popeye866] 17/1/2005 12:01

How does the current price equate to the price they were before the dilution took place?

[pc4900074200] 17/1/2005 11:36

fbrj

I think I have worked it out.

I should forget my old price.

BGY - total new shares - price 183p.

BGYW - total warrants - price 98p.

Sorry about being a bit thick, am I right now.

pc

:-]

[a harris] 17/1/2005 11:11

can someone advise what warrants are in this case.

are the convertable into shares at the price of 288 at some date in the future ??

thanks

[praipus] 17/1/2005 11:02

This is from the Ecofin Power & Water Opportunites ECW income share/ECWC capital shares (strong buy IMHO) monthly update 7/1/2005 for December, 2004.

"British Energy held an analysts presentation ahead of its planned re-listing in
2005. Overall, the message from management about the outlook for the
restructured group was one of cautious optimism. An investment programme
designed to compensate for previous years of under-investment should be
completed over the next three years, and management expressed confidence that
this would result in an improvement in plant reliability, overall operating
efficiency and group profitability. The re-listing remains on track for later
this month."

[pc4900074200] 17/1/2005 10:58

fbrj

Fine, understand that.

So, if I have both EPIC's showing in portfolio,what price do
I place in each. If that is the correct way to go.

BTW, thanks for this help.

pc

[pc4900074200] 17/1/2005 10:55

Just added BGYW to monitor showing 180:00

Very confused!!!

pc