British Energy Share Discussion Threads

[grippa] 17/11/2005 09:58

Looking good to break out to new highs!!

[grippa] 03/11/2005 11:41

Moved over the 50dma, should be strong buying to follow and then we can push through £4.72

[grippa] 03/11/2005 09:59

Hightech...I like your optimism. £6 at least.

[hightech] 02/11/2005 22:57

£7 is likely in ayear or so IMO

[grippa] 02/11/2005 17:49

Looking good...Next resistence seems to be £4.70 - £4.72...and a break through there will set up previous high and £5 mark!!!

[hightech] 27/10/2005 07:48

Directors show interest....

Shell and BP showed energy is a good market to be in.

[call-logger] 18/10/2005 12:48

Johnny

A warrant gives you the option to buy a share at 98p so the price (ie value) of the warrants will be roughly 98p below the ordinary shareprice

[hightech] 18/10/2005 12:23

That's 98p below the full share. So the warrants points to around the same sort of share price.

[johnnybiker] 18/10/2005 12:08

i have never posted here before but have some bgy warrants does anyone know why the price is so far below the share price as i thought warrants gave u an option to buy the full shares.

[splodley] 14/10/2005 11:22

Given yesterday's news of an offer being made for Drax of £2.05bn it seems strange that BGY has fallen. The valuation of Eggborough must have improved.

[hightech] 14/10/2005 10:40

Shorters driving the price down.
Good opportunity to add.IMO

[fmcalorum] 14/10/2005 10:17

Why the recent decline?

[pc4900074200] 09/10/2005 08:03

Scotland on Sunday. 09-09-2005.

Blair gives green light to new nuclear power plants.

FRASER NELSON

TONY BLAIR has decided to back new nuclear power stations, which would be built on the sites of existing plants and presented to the public and his party as a job-creating answer to climate change.

A year-long government inquiry into Britain's future energy requirements is expected by the Prime Minister to conclude that more nuclear energy is the only plausible answer to reducing greenhouse gas emissions.

The nuclear industry is willing to proceed without any government money on three conditions: that it is supported with planning applications, is helped with nuclear waste disposal and offered protection against an energy price crash.

In the past fortnight, the Prime Minister has privately disclosed that he is firmly in favour of more nuclear reactors, and that he expects the coming inquiry to make a case that can be supported by an all-party consensus.

He believes the mood among Labour MPs has been irreversibly shifted by their involvement in the global warming debate, and that a backlash from the Iraq war has stoked concern about UK dependence on oil from the Middle East.

Employment, Blair believes, will win over many on the Left - especially as 8,000 jobs are expected to be lost during the decommissioning of Sellafield nuclear plant in Cumbria, which employs 12,000.

However, the situation in Scotland is complicated by the Labour-Liberal Executive's opposition to any new station north of the Border. Yesterday, Scottish LibDem leader Nicol Stephen upped the ante in a speech to his party, saying the country should shift away from nuclear towards more wind and wave power.

The Prime Minister's position on nuclear power has been made clear by those who have spoken to him directly and believe he wants to send out a positive signal to the nuclear industry so that they start planning now.

Blair is prepared to go as far as he can without prejudging the nuclear review. A fortnight ago, he made the case for nuclear power to the Labour Party conference while stopping short of calling for its implementation.

"Global warming is too serious... to split into opposing factions on it," he told delegates. "And for how much longer can countries like ours allow the security of our energy supply to be dependent on some of the most unstable parts of the world?"

The Department of Trade & Industry confirmed on Friday that it has been holding discreet talks with major energy providers about nuclear options: E-On and RWE of Germany, and EdF of France. BNFL has a design for a new plant.

The issue of nuclear power was avoided by the 2003 Energy White Paper, completed at a time when plunging wholesale energy prices triggered the collapse of British Energy. But rising prices make this viable again.

A merchant banking source advising one of the firms said they would seek a system where this trap door could not open again - and, above all, a degree of political stability to ensure a future government would not change direction.

"We need certainty about energy prices, and that is very different from subsidy," he said. "We need a thoroughly pro-nuclear White Paper, without any sense of an argument about it from the Treasury."

This may come from the inquiry into the economics of climate change commissioned by Chancellor Gordon Brown and led by Sir Nicholas Stern, deputy permanent secretary at the Treasury and former chief economist at the World Bank.

The Chancellor now has family ties with the nuclear industry. Andrew Brown, the Chancellor's brother, is head of media relations at EdF, the French energy giant expected to be a main bidder.

Blair's advisers are pro-nuclear. Sir David King, his chief scientific officer, decided three years ago that renewable energy sources would not be developed fast enough to fill the gap expected in 2020.

Other Cabinet sceptics are coming around. Margaret Beckett, Environment Secretary, last week claimed at a climate change conference that she has "never said" she is against nuclear power.

This contrasts with remarks by Elliot Morley, environment minister, who said last month that "nuclear plants are expensive and if you're looking at the energy mix, I think you'll probably get more value from investment in clean coal".

Research so far shows that, while there is political opposition, it is far from overwhelming. A commons motion opposing more nuclear energy has been signed by only 41 of Labour's 354 MPs.

A Mori poll of MPs released last week by the British Nuclear Industry showed the balance of opinion in Labour against, with 45% of Labour opposed and 35% for.

Brian Wilson, a former energy minister who retired from politics in the May general election, said fears of a House of Commons rebellion are overblown because new plants do not require the permission of MPs.

"There has not been a nuclear moratorium - it's open to anyone to come up with new proposals," he said. "And you do not need legislation, just a level of commitment that makes new propositions economically feasible."

A DTI spokesman said it was "highly unlikely the planning issue wouldn't have ministerial involvement" but confirmed that a new power plant "wouldn't necessarily involve primary legislation".

Research conducted by the DTI has identified three sites to host a new nuclear reactor: Hinkley in Somerset, Sizewell in Suffolk and Hunterston in Ayrshire.

pc

[thehairydagger] 28/9/2005 14:09

Last owned bgy at 4p, whats that in relation to todays price ? cheers.

[hightech] 28/9/2005 10:20

the sarnie,
You made a mistake. There is 98p difference between the BGY and BGYW. You assumed they have the same value and that's why the price you get is so low. I think 11.65p is around 265p or so. The price is around 25.5p now, i think.

If the load factor increases to around 90% and energy prices keep rising due to shortage of gas, and high oil price, we should see a decent improvement in revenue and profit, IMO. I hope BGY does not cap the price again.

[the sarnie] 28/9/2005 08:23

Quick calculation query.

I'm auditing my equity paperwork for the first time in years and wishing I'd never started. I'm trying to work out the new book cost of the BGY shares I bought pre delisting but I'm not sure how to class the warrants.

Original tranche of 15350 shares bought @ 11.63p

Converted to 307 shares and 644 warrants.

Should my calculation be :

15350 / (307+644) * 11.63 = 187.7

or am I missing something ?

In addition, am I right in thinking that as the warrants give me the right to but shares @ 98p (if I'm reading the original documents BGY sent out correctly !)then to identify the current price of my warrants I simply subtract 98p from the prevailing share price ?

Any help / explanations gratefully received.

Thanks
The Sarnie

[stonec10] 27/9/2005 14:54

BRIGHTON, England (AFX) - Prime Minister Tony Blair outlined a raft
of measures to be implemented during his final term as leader as he admitted he
had not been bold enough in the past eight years of power.
In his keynote speech to the Labour Party annual conference here, Blair said
the coming year would see the introduction of policies to deal with the UK's
pensions crisis, rearrange transport funding and alter the energy mix which
could well lead to the expansion of nuclear power.

[hightech] 27/9/2005 14:35

QXL was 150p just over a year ago, it's now over 70,000p. So, it's possible.
The big difference for me is that I sold 3610 QXL shares at 315p and lost over £4000, but I didn't sell BGY at 24p, equal to around 480p!

[stonec10] 27/9/2005 13:15

Why the sudden selling and subsequent drop?

Could this be linked to tomorrow's interims?

Any thoughts

[grippa] 27/9/2005 10:47

Heading over £5 shortly...

[hightech] 27/9/2005 09:27

Can we expect 100% load factor?
Check this:


If yes, the share price should move.... but by how much?

[argy2] 14/9/2005 12:09

Mikelee1 is a cheap conman..beware

[shirishg] 14/9/2005 12:08

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