British Energy Share Discussion Threads

[m.t.glass] 17/10/2006 09:02

"..Britain's nuclear power industry almost ground to a halt yesterday just hours after Tony Blair heralded a new era in energy supply security with the opening of a new gas pipeline from Norway..." (Telegraph)


Surely they don't mean to imply that BGY held back this bad news until our PM had safely recorded some positive news?

[h4rsh2] 17/10/2006 08:19

if the govt. sells part of it's 65% holding then this would have a
massive impact on BGY's share price..

[don muang] 17/10/2006 06:57

But I don't think we're dealing with the sort of pipes that the average plumber works with......

[devbod] 17/10/2006 06:54

During the conf call the possibility was raised that some of the underground pipes might not be repaired. Solution was to lay new ones over-ground. Doubt its that big an issue.

[don muang] 16/10/2006 22:24

Doesn't one of todays press releases mention that the condition of underground pipework hasn't been ascertained yet - and might add to problems. Sometimes it pays to catch a falling knife - but in this case then ?????

[fredling] 16/10/2006 20:07

An independent nuclear consultant claimed on the radio to have seen a confidential memo that some of the pipework at Hinkley Point cannot be repaired.
He claimed that the capacity of such stations will be premanently reduced!

Unfortunately this may have further to run downwards!


Fredling

[call-logger] 16/10/2006 19:43

Oh well - from being 84% down on this share before today, I'm now down 85.5%

Can you afford not to have this one in your portfolio?

Bah.

[markie7] 16/10/2006 19:17

what is forecast div yield here now, on say 3 yr outlook?

this could be an absolute bargain.

[mzj71852] 16/10/2006 16:39

Europe | British Energy quote - chart - all headlines - investor relations - analyst actions - add to watchlist - current ratings
VTX: BGY-GBX.VTX at -.PM ET p- +0.00 (+0.00%)


British Energy Fall Looks Overdone -Trader

Monday, October 16, 2006 11:48:24 AM ET
Dow Jones Newswires



1429 GMT [Dow Jones] British Energy (BGY.LN) is lowering output rather than shutting down production, notes a trader, who cites estimates that the hit is likely to be in the region of 3-5 terrawatt hours. Says this should have a 30p-50p impact on the share price, which implies the current fall of 130.5p to 430p, down 23%, from the open is "overdone." (PBA)

[bpoole] 16/10/2006 16:27

The company said: "Repair work is being undertaken and the company expects
the return to service of both units to be in November 2006."
It is obvious everyone who should knew on the 13th. As usual it is the PI who is left
holding the baby.

[bpoole] 16/10/2006 16:25

We have a malfunction Houston.

[devbod] 16/10/2006 15:53

If everone goes home and forgets about it until 8 tomorrow then yes but suspect thats unlikely. I expect many major holders are now in meetings to discuss the conf call and decide what to do.

I only listened to the tail end of the call but the overall impression I got was "we dont know how long it will take to fix" and "we dont know what the financial impact is". To be fair the repairs sounded straightforward, its just that they dont know how much they will have to do yet. Some of it was schedules to be done soon anyway but in pre-scheduled down time. Info only just received so financial impact not yet calculated. One analyst asked for the max downside for this years figures (i.e. everything stays broke till yr end) and the total generating loss was 6TW which I think is about 10% of annual capacity?

Even in the worst case scenario a 25% drop seems overdone but I'm no expert.

[cosworth1] 16/10/2006 15:43

I thought this finished down £1.40 ish, obviously not hence why trades are at 427 - 428. strange !!!!!

[cosworth1] 16/10/2006 15:39

These trades that are going in after the bell at 427- 428 , would you assume that it will have to open up at that level tomorrow ?????.Any thoughts appreciated.

[bigbobjoylove] 16/10/2006 15:17

bounced off 400 once,lookin for it again if it hits 400.

[simon01] 16/10/2006 14:57

is it worth while getting in for long term. looks cheap enough. can it get worse?

[chrissingh] 16/10/2006 14:51

When it starts falling, it gets some bounces, so might close today at around 450, but tommoro it might be more fall. I agree with h4rsh2

[h4rsh2] 16/10/2006 14:29

will fall further 2moro as news gets digested...

[sahara] 16/10/2006 14:22

Stopped out, 138pip gain in less than a week.

Might go long now.

S.

[sahara] 16/10/2006 14:08

Thinking of closing my short, but with being way in the money I'l trail a stop instead.

S.

[sahara] 16/10/2006 13:05

Canne say ye weren't warned!

S.

[kvkwn] 16/10/2006 12:58

Don't catch the falling knife!

[sylvesterokojie111] 16/10/2006 12:56

Now recovering! ? Good buy opportunity or lion's den?

[sylvesterokojie111] 16/10/2006 12:45

Still falling?
Like a vicious missile. Run, Run, Run. There is fire on the mountain!!!!!!!!!1