British Energy Share Discussion Threads

[elsworth] 04/1/2006 14:21

Just closed short for today at £5.4925.

Have to go out........but will definately be looking at opening another short on the increase!!

[praipus] 04/1/2006 13:19

Charts are a historic record and do not predict the future.

However the short term graph says the spikes up today are probing and not meeting significant resistance. Intraday the market is moving side ways prior to America opening. Usually the prevailing trend continues after sideways movement so on balance I thinks its got further to go.

The long term chart shows consitent higher highs and higher lows giving a good long term up trend line.

No bad news on the RNS so I'm amazed your shorting...good luck.

[praipus] 04/1/2006 12:20

"Those that get the timing right"......is it reasonable to think a share should be sold when it has broken its all time high twice today?

Is it reasonable to be short of a dual listed stock (I.E USA and UK) while one of the markets is closed and was up 129 points in the last session?

The stocks short term liabilities are covered 9 times!

The stock has government backing!

You are very brave Elsworth.

[elsworth] 04/1/2006 12:10

HighTech........yes agree, but there was alot of money to be made on the decline too!!....e.g:

Leapt over £40/£50........then BANGED down to £29
Leapt over the £75/£80....then BANGED down to £60/£65

.......there is a BANG factor looming at QXL!!
Those that get the timing right....will surely be rewarded

BGY are treading on the BANG FACTOR.......its coming!....BANG £4.50

Hope it helps

[praipus] 04/1/2006 12:09

Elsworth how are you short CFD, spreadbet or the stock?

[hightech] 04/1/2006 11:53

Elsworth - have you checked QXL. It was £3 about 20 month ago. Now it's over £120. Isn't that like straight line?
I wonder how a short position at £2-£3 can be closed with profit. Anyone who left its position open is going to loose about "40-50 times" its original investment. So, be careful. IMO

[elsworth] 04/1/2006 11:18

Well, i'm looking at £5.36/£5.43 TODAY........and then hopefully, with level 4 showing a strong decline after the recent upwards movement, and the sellers now appearing, AND, with the footsie looking to retrace.........i'd say a stop loss at £5.65, even though it hit £5.68 early on!!

It was clear the jumps been overdone....hence the slow drip...drip.....then BANG £4.00/£4.50 on the cards!!

The ONLY buying your seeing, is the poxy 200/400/600 shares!! The city boys are selling in the thousands!!........this is one sign when the buying drys out!!

[praipus] 04/1/2006 10:56

Elsworth what have you set your stop loss at?

[elsworth] 04/1/2006 10:36

Nothing goes up in a straight line..........gred kills.

................BANg £4.............

Hope it helps

[praipus] 04/1/2006 10:24

Simon Cewkwell in his book on shorting says "stay out the way of trains" which I'm bound to belive this is. When/If Mr Government allows rebuilding of Nuclear power stations and may be sanctions a new one or two it could be "bang" £10!

I'm long of these via ECWC well worth a look and worth noting they own 30% of a hedgefund too.

May I ask Elsworth what else are you short of?

[grippa] 04/1/2006 10:22

Elsworth...hmmmm....What r u on? The chart could not look more bullish. £6 by end feb!!

[elsworth] 04/1/2006 09:52

Like the charts were reading.......dropping quicker then the rise

[elsworth] 04/1/2006 09:36

Chart looking for a retracement........the drips should begin.
Only idiots will buying at the peak!!

.......drip £5.50...............drip £5.30......BANG £4

[darkside] 04/1/2006 09:35

lol a short for people with no brain maybe

[elsworth] 04/1/2006 09:28

This has flown far too high..........another no brainer short!!

..............BANG £4

Hope it helps

[nephin] 03/1/2006 20:30

Have a look at the banner article in today's Daily Mail - and smell the potential.

Nephin

[mr.oz] 30/12/2005 09:29

mmmm,
Not a good time to be short on energy stocks!

Russian gas war brinkmanship threatens higher energy costs in Britain
By Malcolm Moore (Filed: 30/12/2005)
President Putin said yesterday that a "real crisis" is mounting as Russia prepares to cut off the flow of gas to Ukraine in the middle of winter.
The move could have serious consequences for the rest of Europe


Gas chief warns on energy prices
This is Money
29 December 2005
CONSUMERS will 'inevitably' face increased prices for energy in 2006, the managing director of British Gas said today

[pc4900074200] 30/12/2005 09:03

The Scotsman. 30-12-2005.

Nuclear option can be a winner for BE.
SCRUTINEER MARTIN FLANAGAN

ARADIOACTIVE phoenix from the ashes. That may be a slightly extravagant way of describing the stock market recovery of nuclear generator British Energy (BE) from likely basket case a little over three years ago to a company looking infinitely happier now.

But few anticipated as we entered 2005 how well British Energy has recovered.

The group flirted with liquidation in 2002, largely brought low when NETA, a more competitive market for trading electricity, sent electricity prices crashing to an uneconomic £14 per megawatt hour.

A controversial and lengthy saga of brinkmanship ensued between British Energy and the government, lending banks, its bondholders and shareholders.

BE made clear that, without a major refinancing rescue, it could slide into oblivion.

It went to the wire and involved some legal challenges; but eventually the £1.3 billion debt-for-equity deal was signed off by shareholders last December ahead of BE's relisting on the stock market earlier this year.

Shareholders were not best pleased because the restructuring involved 95 per cent of BE being handed over to the lending banks and bondholders.

However, the shares since then have done better than anybody could have expected. At the January relisting, the stock opened at 286p, but brokers were lining up to say they were a relatively risky investment.

Many gave target estimates for the shares of about 200p to 220p, but last night they closed at 517p. That is an 80 per cent jump.

What has changed? Well, apart from the fact that the loan from the government has been paid back, with full interest, everybody knows what has happened to gas and electricity prices this year.

They have soared, and BE's prospects have soared with it. Compared with those dark days of £14 per megawatt hour, electricity has touched £40 and £50 an hour.

Given BE's high operational gearing - a high fixed costbase that means advantageous changes in conditions flow straight to the bottom line - this has proved a boon.

Apart from rising electricity prices, the shares have also undoubtedly benefited from better stock market sentiment towards the nuclear industry following the government's recently announced review of nuclear generation as a possible answer to Britain's perceived future energy gap.

These twin factors should support the shares. BE is playing it cool on the nuclear review, which reports back to Tony Blair next spring or summer.

It says it is concentrating on running its existing power stations, improving their reliability and cutting the outtages.

But if new nuclear power stations were to be built in Britain, it is clear BE would be in pole position to run them.

That could transform the group's prospects, and help prolong the recovery that has surprised so many of us over the past 12 months.

pc

[hightech] 28/12/2005 09:10

I expect a big push up to higher levels. Can it move like QXL? We should wait for a year or so to get the answer.

[grippa] 14/12/2005 09:19

Storming ahead this morning!! Very nice to see.

[pc4900074200] 14/12/2005 09:14

The Scotsman. 14-12-2005.

BE plans for longer life rather than new nuclear plants.
JOHN BOWKERDEPUTY CITY EDITOR

BRITISH Energy said yesterday that extending the life-spans of its eight-strong fleet of nuclear power stations was central to its plans for the industry, but insisted it was not lobbying the government to build new ones.

The Livingston-based firm - which was reporting its first half-year profit since last year's restructuring - said it would look to add years to its Hunterston station in Ayrshire, taking the plant's life-span beyond 2011.

Chief executive Bill Coley said: "I keep telling my team there are three things they should be doing: working on operating efficiencies, financial capability and life extensions - anything else is the wrong focus."

He said he was not going to worry about the government's latest energy review, which is expected to give the green light to new nuclear stations. "I believe in a balance of energy sources to meet the needs of this country," he said. "That would include nuclear, but the government has been lobbied enough ... If we restore British Energy as a world-class nuclear operator ... I'm sure there will be a place for us."

British Energy achieved operating profit of £135 million in the half year, but recent unplanned outages lowered its total power output. The company - which supplies about a fifth of the UK's electricity - pledged to invest more than £250m in maintenance in 2005-6 - above what Coley said was his expected long-term target of £140m a year.

The group is enjoying the benefits of high power prices, but has insisted that in the unlikely event of a market crash it would be able to cope. BE survived a financial meltdown two years ago only with government support.

pc

[sylvesterokojie111] 13/12/2005 22:45

Confidence returning!

[grippa] 13/12/2005 16:39

That was quick!!