British Energy Share Discussion Threads

[spacemoggy] 15/12/2006 08:51

Moving up nicely, broken through the 50 day ma...chart looking very positive...Santa Rick :-)

[spacemoggy] 14/12/2006 14:58

Long 517p...Rick

[scania320] 14/12/2006 08:40

on full power from sunday 5pm.

[athertg] 13/12/2006 14:23

If this breaks thru £5 i think it will run.

[jeeves2] 13/12/2006 14:17

all repairs are complete...from inside info

[jesse26] 11/12/2006 17:38

So Marlon do you think it's worth a buy, or should we wait until further news on the reactors? Do you think there is accumulation going on amongst the institutional buyers? That would seem the most likely scenario at present. Someone give me a sign??? or just give me the money instead...LOL

[marlonbrando] 11/12/2006 14:48

British Energy Group PLC
11 December 2006

11 December 2006



British Energy Group plc



Voting Rights and Capital - Notification in accordance with the Transparency
Directive transitional provision 6



As at 8 December 2006, British Energy Group plc's capital consisted of
572,080,182 (five hundred and seventy two million, eighty thousand, one hundred
and eighty two) 10p ordinary shares with voting rights. British Energy Group plc
held no ordinary shares in Treasury.



The total number of voting rights in British Energy Group plc is 572,080,182,
which may be used as the denominator for calculation by which shareholders
determine if they are to notify their interest in, or a change to their interest
in, British Energy Group plc under the FSA's Disclosure and Transparency Rules.




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

Main point here is that there are no shares held in treasury. The timing of this announcement may also tie in with institutional interest. Marlon

[jesse26] 11/12/2006 14:41

It was only a matter of time before they made such an announcement. The market had overeacted to the earlier news (nothing much new there) but I am certain that there will be a hold back of the price until the institutional buyers have accumalated their full requirement. Then this stock will gap up on open not giving the rest of us a chance to get in. (Again nothing new there either). So is it time to buy or do we wait it out and hope that we're in before the gap up, anyone??

[marlonbrando] 11/12/2006 13:03

Hi Typo, I cut and pasted it from an ADVFN competitor site. Don't have an AFX reference for it myself. I wrote to Philip Jones but and will post his reply on receipt.

[typo56] 11/12/2006 10:54

marlon, do you have a link or a time & date for that AFX news item please. I don't seem to be able to find it on Proquote.

[marlonbrando] 11/12/2006 09:28

" Nuclear power generator British Energy Group PLC is now on track to correct all the problems at some of its plants and re-vitalise its output estimates.
Chief executive Bill Coley said it would now be "totally incorrect" to assume continuing unreliability of reactors at its Hinkley Point and Hunterston sites will result in higher losses from planned outages or from unplanned shutdowns.
The group reiterated that there is still ongoing work on the recently reported boiler problems at its Hinkley Point B and Hunterston B plants, however progress has been significantly better than previously expected and other plants were performing above expectation.
Coley maintained company had no immediate plans to sell its Eggborough coal-fired station in North Yorkshire. He said the group would run Eggborough at least until 2010 when banks have an option on the plant, although BE has pre-emption rights that would supersede that.
"If we did not have an Eggborough, we would need something like it," Coley said.
BE said it wants to take advantage of the government's intention to build new nuclear plants, saying it aims to position itself for nuclear new build and plans to undertake preliminary work to identify options in that area.
Basic earnings per share lifted to 33.2 pence from 8 pence. The company said it expects to pay an annual base dividend of 80 mln stg, equivalent to 13.6 pence per share fully diluted, after its annual meeting in July.
BE added that it would also consider a special distribution each year in February following the third quarter results announcement starting in 2008.
"The amount of any special distribution will represent any surplus cash flow eligible and available for distribution at the time," it said.
[e-mail] paw/slm/paw/slm

[kvkwn] 03/12/2006 04:03

COL for those who disposed the BGY stocks in the lows of last week at a loss.

BGY's upside is hugh in the face of pessimism and digested bad news.

LOL for the longs

[mzj71852] 01/12/2006 13:44

whats the story with hinkley

[astol] 01/12/2006 13:31

What Fatal attraction tempted me last week to by the Bunny Boiler-LOL or in my case Cry OL

[astol] 01/12/2006 13:29

got out of these am, just see these continuously dropping maybe 400p next week.

[mzj71852] 01/12/2006 13:07

has the boiler repair update come out yet

[averagedown] 28/11/2006 18:57

This thread is just like the old British Energy thread. Cracks in the boilers, outages and a falling share price. It may be in the national interest to have nuclear reactors but why do we have to subsidise them by buying the shares.

[jeeves2] 27/11/2006 13:27

£520 by christmas !

[pgarlick] 27/11/2006 11:47

It's wants to break £5 so badly...come on...unless you're shorting of course!

[waldron] 26/11/2006 16:49

British Energy sell-off frozen for two years - report

LONDON (AFX) - The UK government is set to delay the planned
multi-billion-pound sale of its stake in British Energy Group PLC until 2008 at
the earliest, The Independent on Sunday reported, without citing sources.
According to the newspaper the recent slump in British Energy's share price,
caused mainly by problems with its ageing nuclear reactors, has led to the
government's decision to postpone the sale of part of its 65 pct stake.
The Secretary of State for Trade and Industry, Alistair Darling, had
announced in July that the sale of up to one-third of the stake would be going
ahead.
However, since then cracks have been found in some reactor boiler tubes,
causing a quarter of the company's electricity generating capacity to be shut
down and the shares have plummeted by 30 pct. The UK government's stake is worth
some 5 bln stg.
The IoS said the government wants to wait until British Energy shares rise
before making a sale.
British Energy shares closed Friday at 485 pence, valuing the business at
2.77 bln stg.
[e-mail]
jdd/rw

[kvkwn] 25/11/2006 23:49

It's good time to add positions at 471 p or below level, with a upshot of 24% to the price set by JP Morgan for the next 12 months.

The boilers will be repaired systemically in December 2006 onwards in 3 phases.

The other positive factor is the government holdings need to be divested.

BGY plans to raise divdends by next July.

[typo56] 24/11/2006 19:49

pgarlick, there is a chance BGY will be able to stay in the FTSE100. It was being kicked out by CW., but CW. are now replacing BI. on Monday.

[sravi] 23/11/2006 09:53

Analysts at JP Morgan upgraded their stance on British Energy to "overweight" from "neutral", as the investment powerhouse pointed out the boiler problems at Hinkley and Hunterston had already been priced in. The US broker cut its price target to 560p from 605p but said the shares looked "cheap" in absolute terms. Still, with the general market sell-off, British Energy shares failed to respond positively to the news, sliding 5.5p to 483.5p

[pgarlick] 22/11/2006 12:19

This needs to rize another 10% to keep it's place in the FTSE100, or is it too late? 10% represents about 540. Possible?