British Energy Share Discussion Threads

[bpoole] 05/1/2007 08:57

Only, all the plants are reaching the end of their life there will be an increasing amount of outages. The reason why the large institutions are investing in BGY is the fact that the future is nuclear. I believe Blair will announce the building of at least 6 new plants in the near future.
Every time there is an outage is the time to top up.

[only who?] 04/1/2007 16:49

£10 would be wonderful, but it looks like 400p is more likely soon with the way it's going. Short spikes up, maybe. Otherwise hold onto your lead-lined hats for the next bit of bad news...

[6lucky] 04/1/2007 13:17

looks the climb above 500p imminent
m.m. try to get these cheap
I have topped up circa 490p
cannot wait to see m.m.getting there fingers burnt
you need to be clever and try and get it at bottom most price

[bpoole] 03/1/2007 09:02

I am hoping for the share price to drop back to the 460 so I can top up, I doubt if it will though.

[scribbler101] 30/12/2006 15:55

Does anyone here know why they are shutting 2 reactors tomorrow? Surely it would make more sense to keep them going until summer?

[bpoole] 29/12/2006 20:11

I am trading this stock but, it is also one to put away for the grandchildren.
I can see the share price reaching £10 by the end of next year.

[pc4900074200] 22/12/2006 18:18

I think what does not help this share is being told
time and time again in the media that the Gov. hold
65% and they want to sell-off all or part of their holding.

Each time there is a set back and the share price drops, on its
recovery [be it small] a wave of sellers materialise.

There are the profit takers that have bought in at
the bottom but there are others IMO that fear the
Gov. will start selling.

It is well to remember that the talk of Gov. selling
was I think when the price was well into the 6.5#
or over.

So I don't think that they will start until its back at
that price.

We just need the papers to stop ramming it down
our throats each time BGY hits the news.

pc

[namrag] 22/12/2006 17:26

me too....

[jeeves2] 22/12/2006 13:20

sadly,we all have

[smilie] 22/12/2006 10:20

what's going on folks. this share is haunting me big time. looks I've caught a falling knife

[pc4900074200] 21/12/2006 15:07

The Scotsman. 21-12-2006.



Fresh delays in nuclear repairs hurt British Energy shares. HAMISH RUTHERFORD
([e-mail])

NUCLEAR power giant British Energy has suffered another day of heavy falls after confirming a worst case scenario in the repair of two of its reactors.

The Livingston-based company - Britain's largest electricity producer - yesterday revealed that repairs to its Hunterston B plant in Ayrshire and Hinkley Point B in Gloucestershire would not be completed until at least March, and even then they would only run at 70 per cent capacity.

When it posted interim results last month, the firm said the repairs could be finished as soon as this month, or as late as March.

The firm yesterday said it hoped to bring forward the work intended for the planned outage of both units at Hunterston B in May 2007, which would have a positive impact in its next financial year.

Nevertheless, British Energy shares fell as much as 8.5 per cent yesterday, recovering to close down more than 6 per cent at 538.25p, wiping some £200 million from its market value.

In recent weeks, the stock has been recovering as analysts upgraded British Energy shares which fell as low as 400p when it announced the defects were worse than initially thought in November, when it announced the departure of chief nuclear officer Roy Anderson.

SG analyst Mark Hives, who has advised clients to sell their shares in the company, said British Energy had "repeatedly disappointed". "It's disappointing again and could disappoint in the future," he added.

JP Morgan analyst Ian Mitchell retained an "overweight" rating, with strong prospects because of high electricity costs and the rising price of gas. However, he noted that the announcement was another example of results being at least as bad or worse than the company's guidance.

Last month, the firm said the repair work would cut annual output to between 48 and 56 terawatt hours (TWh) - some 11 to 23 per cent lower than previously anticipated. Yesterday, it confirmed that the drop in production would still fall within its estimates.

British Energy has eight nuclear plants and one coal plant, capable of supplying up to a fifth of the UK's electricity needs.

The company was bailed out by the UK government in 2002 as power prices slumped and the bill to clear up its ageing nuclear reactors drove it to near collapse. Despite buoyant energy prices it has been beset by repeated outages.

The government had announced it would look to sell all or part of its 65 per cent stake in the firm, which it gained after agreeing to shoulder £5 billion in plant decommissioning liabilities in a debt-for-equity deal completed in January 2005.

However, British Energy last month admitted its repair and output problems were likely to affect the timing of any sale.

pc

[spacemoggy] 21/12/2006 12:41

British Energy disappointed the markets yesterday with its trading statement and consequently felt the heat of brokers' disappointment today.

Citigroup downgraded the shares to "sell" from "hold" setting a price target of 430p, while JP Morgan cut its stance to "neutral" from "overweight".

JP Morgan also trimmed its 2008 sum of the parts target to 555p from 560p arguing that the Hunterston and Hinkley plants are unlikely to return to service until March 2007 at the earliest.

[namrag] 20/12/2006 16:24

may be not then..

[namrag] 20/12/2006 13:36

nice recovery from lows reckon will close unchanged - here is hoping/././.

[tim] 20/12/2006 11:45

Doubled my holding at 527, think we are being hedge funded. Still good of them to give me some cheap shares.

[careful] 20/12/2006 10:18

down 8% this morning.
have we missed something.?

[unknown trader] 20/12/2006 09:32

Shares in British Energy Group PLC fell back in morning deals
as investors cashed in on recent gains after the Nuclear power generator
delivered an in-line update on repairs to some of its plants, dealers said.
The group revealed it has "largely completed" inspection and repair of
boiler tube cracks at all 4 units at Hunterston B and Hinkley Point B.
As a result, it expects all four units to return to service by the end of
March 2007.
In response, Credit Suisse reiterated its 'underperform' stance and said it
sees today's news as representing no change in guidance on expected output for
the full year to March 2007.
It added, the 'new issue' of tail pipe cracking appears to be limited to a
small number of defects on the problem plants and has already been in part
repaired.
At 8.23 am, shares in British Energy fell 34-3/4 pence at 539, having risen
around 20 pct in the last five days.

[devonlad] 20/12/2006 08:13

All looks like good news to me, why the drop?

[scania320] 20/12/2006 07:21

to hell with you shorters......... dont kill our company.

[jonak] 19/12/2006 18:23

looks like its headed back to the 6-7 range, consistent with the fundamentals x risk...

[philo124] 19/12/2006 16:22

Sold @ 573 (Bought @ 438)
Good Luck.
Philo

[spacemoggy] 19/12/2006 10:16

Just got back in long 558p..no stopping the beast...Rick

[jonak] 18/12/2006 20:07

Some big institutional buys recently.

[scania320] 17/12/2006 16:48

maybe a litle further to go ??? rns out am full power on 5 pm today.

[robo175] 15/12/2006 12:49

Acording to someone on working lunch there is a big buyer out there,hence the spike in the price,possible takeover?.