British Energy Share Discussion Threads

[quidzinn] 20/1/2005 08:34

Now equivalent to 11.1p. I may buy back in at sub 200p

Q

[primrose] 20/1/2005 08:19

What a laugh this clown stock of the lse remains.. Came
back on at 285p and has been sliding all week. Hope it's
not gradually sliding back down to 14.25p.. LOL At least
it avoided the 0p though.. atb. Phil :)

[fbrj] 19/1/2005 23:27

LGW there was an RNS about this the yesterday.........which said:

British Energy Group plc ("BEG") announces the successful placing by HSBC Bank
plc of the shares and warrants of BEG attributable to those former shareholders
of British Energy plc who did not elect to receive their shares and warrants in
BEG. A total of 3,939,958 shares and 8,068,364 warrants were placed yesterday
evening at prices, before expenses, of 255p and 162p respectively, with the
share placing 6.8 times oversubscribed and the warrant placing 2.4 times
oversubscribed.



Proceeds from the placing will be remitted in accordance with the terms and
conditions contained in the circular to shareholders of British Energy plc dated
29 November 2004.

[martin036] 19/1/2005 22:17

popeye - based on the closing price of 14.25p before delisting and todays closing price of 247p and 159p (for the warrants), that equals 11.618p in old shares.

[popeye866] 19/1/2005 19:28

Does the current price equate to 13 or 14p in the old shares?

Thanks

Popeye

[martin036] 19/1/2005 17:48

British Energy Group PLC
19 January 2005


19 January 2005


British Energy Group plc


Section 198 Notice


British Energy Group plc (the 'Company') has received notification as required
by Section 198 of the Companies Act 1985 that the registered shareholder
mentioned below has an interest in the Company's voting shares stated below,
such shares being equal to or more than 3% of the nominal value of the Company's
voting share capital.


1. Duquesne Capital Management, L.L.C., 2579 Washington Road, Suite 322,
Pittsburgh, PA 15241 USA, has become interested in the following shares of
the Company:

Number of Shares Class of Share
53,046,299 Ordinary

2. The registered holder of the above shares is as follows:

Registered Holder Number of Shares Class of Share
Goldman Sachs Nominees Limited 53,046,299 Ordinary



This information is provided by RNS
The company news service from the London Stock Exchange


............................................................................

Thats rather alot. Infact it is over 8% of the company.
Is a US company stakebuilding?
Cue bid rumours.

[lgw] 19/1/2005 17:46

I defaulted on the BGY corporate action therefore receive cash instead from the company will I get the relist price or the market price at the time my shares and warrant allocation were sold/absorbed by British Energy???

[carolmann] 19/1/2005 13:45

Hi to all
Have a look at fastrade.co.uk.
Always provided me with an excellent service, and for the record my account was credited with the new bgy shares and warrants on monday.

[drewz] 19/1/2005 13:39

My nominee dealing account has been credited with the new shares and warrants today.

[martin036] 19/1/2005 12:59

garyo - sounds like a similar conversation I had with a "live assistant" ( LOL )earlier. I also asked if they were likely to refund any difference in price from when we should have been able to sell ( ie Monday morning @260p+) and the price when the shares actually get put into our a/c's.The answer:
"once you have sold if you have lost out you can put an enquiry in by calling and someone will look into the price movement or you if you have lost out"

Good eh?
..........as if!

[garyo] 19/1/2005 12:15

Hi all,

This just in from my Halifax account via email,

Martin Dunne: Thank you for waiting... I am unable to confirm an exact time when your shares would be added to your account as there is currently a system issue with this stock and we are unable to add the stock currently to the account. Our IT colleagues are working on the matter and hope this should be resolved shortly. In the meantime should you wish to sell your shares then you can arrange this by calling our Helpline on: 08457 225525, who would be happy to assist. I apologise for the obvious inconvenience that this may cause you. Is there anything else i can assist with?

Not bad eh.....

We just hang around while they play...No info no nothig.

[hightech] 19/1/2005 10:43

But high oil price and energy demand will.

[kordeiv] 19/1/2005 09:54

just thought I would venture in to check the damage.

And damge it is.

Oh dear. This does not inspire confidence

[call-logger] 18/1/2005 20:21

Skint

More like 11.5p

Don't forget the warrants - they have value too

(Actually how did you get to 8.5p?)

[skintvestor] 18/1/2005 19:56

I calculate that these equate to just under 8.5p as at the delisting price! Anyone care to confirm that?

[praipus] 18/1/2005 15:25

6.8 times oversubscribed by institutions and they came on the market at £2.80 that means buy doesnt it?

[bish100] 18/1/2005 12:59

No-one has a reasonable value for these shares yet!. The range is between 200-300. My own view is that represent reasobale value at around 220.As i am not comfortable with going short i will buy in if they reach that level.

[bgyered] 18/1/2005 12:57

So the vultures move on - wonder if Polygon are laughing all the way to the bank?

British Energy refloat triggers sell-off

January 18, 2005 7:04am
Europe Intelligence Wire


NUCLEAR generator British Energy was yesterday valued at GBP1.48 billion at the end of its first day on the stock market after a Government and creditor bail-out.

Nearly 65million shares, or 12 per cent of the equity, changed hands as some hedge funds took five-fold profits on their initial investment in British Energy's distressed bonds.

[arky25] 18/1/2005 12:56

does anyone know if theres a tie in period during which you cannot sell any converted warrents/

[ariesr] 18/1/2005 12:35

Plenty of experts with conflicting opinions on Oil & Gas prices.

I expect them to go up.

[bpoole] 18/1/2005 12:31

I think we should forget the EU all together!!

[hightech] 18/1/2005 11:53

"We see substantial downside pressure on the wholesale electricity price due to falling gas prices, and we are yet to be convinced that British Energy's UK nuclear fleet can be run at high load factors."

Do they really beleive oil and gas prices will fall so much?
BTW, we shouldn't forget global warming and EU regulations etc..

[bpoole] 18/1/2005 11:32

In a research note, Cazenove analysts said: "We see substantial downside pressure on the wholesale electricity price due to falling gas prices, and we are yet to be convinced that British Energy's UK nuclear fleet can be run at high load factors."

What falling gas prices??
I am looking to buy at around 200p

[praipus] 18/1/2005 10:27

From RNS I like the term "oversubscribed" storming buy at these levels IMHO or ECWC who have a £9.4 million holding in BGY and trade at a massive discount at the moment.

RNS Number:4861H
British Energy Group PLC
18 January 2005

18 January 2005



British Energy Group plc



British Energy Group plc ("BEG") announces the successful placing by HSBC Bank
plc of the shares and warrants of BEG attributable to those former shareholders
of British Energy plc who did not elect to receive their shares and warrants in
BEG. A total of 3,939,958 shares and 8,068,364 warrants were placed yesterday
evening at prices, before expenses, of 255p and 162p respectively, with the
share placing 6.8 times oversubscribed and the warrant placing 2.4 times
oversubscribed.



Proceeds from the placing will be remitted in accordance with the terms and
conditions contained in the circular to shareholders of British Energy plc dated
29 November 2004.


Enquiries

Andrew Dowler 020 7831 3113 (Media Enquiries)
John Searles 01506 408 715 (Investor Relations)




This information is provided by RNS
The company news service from the London Stock Exchange
END