British Energy Share Discussion Threads

[stokieboy] 13/2/2007 15:27

err no! except possibly handing control of interest rates to B.o.E, other than that sweet F.A!

[bpoole] 13/2/2007 15:14

watwungyi, you are talking logic. I have given up looking at shares logically.
I should imagine Sizewell will be the first to start. They had started building it when Labour got in and stopped it. Then they bankrupted the comany by introducing the NET agreement which brought the price of electricity down and the final straw was when they charged carbon tax on nuclear power which did not produce any. Then when they were succesfull they realised they would lose a big chunk of the country's power supply. Now we have lost all our experts in nuclear power station construction, we will have to ask the French or the Gemans to build ours for us.
Has this government done anything right???

[watwungyi] 13/2/2007 15:10

I think there's no more bad news for this one. Govt will report its white paper next month and we'll see the future of nuclear energy in UK. I think they will at least build another generation of nuclear facilities. So the share price should not go lower.

[bpoole] 13/2/2007 14:48

Peart, they must have read your post :o)
Looks like the haemoraging has slowed.

[spacemoggy] 13/2/2007 14:29

lol...that got me laffin :-)))

[scissors] 13/2/2007 14:27

obviously i didn't say what day!

[spacemoggy] 13/2/2007 14:09

get scoffing now lol

[scissors] 13/2/2007 14:02

at 14:27 it will hit 400 or i'll eat my underpants

[peart] 13/2/2007 13:53

"7. Threshold(s) that is/are crossed or reached:

Above 3% (L&G)"

Taken from the L&G announcement on holdings - this must mean an increase in their holding as the word "above" is used.

Overall, a big institution must rate the shares as good value in my view.

[onetomany] 13/2/2007 13:51

Bouncing now, blue by eod.

[h4rsh2] 13/2/2007 13:44

Grand time,I read it as increased...time to add
I think this will close unchanged.

[scissors] 13/2/2007 13:37

no methinks bounce off 400 for target 457 from whence it will head south until govt selling/ white paper next month.

[grand time] 13/2/2007 13:36

Re RNS - Has Legal & General increased or decreased their holding?

[h4rsh2] 13/2/2007 13:21

Support at 4.10??

[scissors] 13/2/2007 13:10

most volume in this stock seems to be after 14:30 so interesting to see what the yank hedge funds think.

[peart] 13/2/2007 12:37

There are 572.52 million shares outstanding, with net assets (see the balance sheet in the results) of £2497 million. This equates to a net asset value of 436p. We have, as such, a buying opportunity to buy a company for less than it's net asset value. That means all of the profit/dividends/growth/knowledge are free! That's my interpretation of the report today. Surely all the doom and gloom is factored in here, with a dividend on the way in July, we must be bottoming. Time will tell. The government is going to push, as all western governments are, for more nuclear power as it is co2 emission friendly and not fossil fuel dependent. Who is in a better driving seat than British energy to deliver this requirement in the UK? I for one would be happy to see greater nuclear development and it would make sense to have more plants on the same sites, would it not? This must give BGY a good future. If electricity prices collapse over the next two years then this would not help BGY, but they have fixed prices for the next two years. Outside of this we have to reduce our dependency on fossil fuels - more nuclear is coming.

[chris79] 13/2/2007 12:33

Just bought 2500. Whilst being nervous about the shorting i really can't help feeling these look very cheap.

[spacemoggy] 13/2/2007 12:27

I'm long this morning, plenty of support at this level as indicated by the blue line...overdone the drop...patience guys n gals...Rick

[onetomany] 13/2/2007 12:17

Thought about waiting till then but too risky. Same thing happened with WLF on results, mark down unjustified.

[geoff21] 13/2/2007 12:14

seems like traders are working the price down to around the £4.00 level to achieve a perfect double bottom.

[onetomany] 13/2/2007 12:13

Yep, back up to £5 IMO.

[jezboy1] 13/2/2007 12:11

Heh - just look at the top chart.... Oct-Feb

can everyone say 'head and shoulders'?

[carer] 13/2/2007 12:10

The company is definitely helped by the price of electricity, otherwise we would have seen more dramatic falls given the outage of the reactors. the company is making the right decision to sort out problems once for all. the reactors will be back in operation in a month's time. the profits generated due to high price will give the company some buffer for the share price. hold for the medium term.

[wapper] 13/2/2007 12:09

Doubts Over British Energy Stake Sale Talk

0903 GMT [Dow Jones] Collins Stewart urges caution on talk of the UK government selling part of its British Energy (BGY.LN) stake following the 3Q update this week. Analyst Lakis Athanasiou says any disposal is likely to be a sale of shares in the market. Says a trade buyer "could find British Energy attractive at these levels," but adds such a deal would be extremely difficult politically. Says share price would likely fall below 400p if the Government announces a sale. Reiterates buy rating, 515p target. Department of Trade and Industry not immediately available for comment. Shares +3.3% at 432.5p. (BBL)


Reactor Delays May Lower British Energy Shares

0739 GMT [Dow Jones] News that British Energy's (BGY.LN) two units at Hunterston B may not return to service until April instead of March could drag down the share price, says a London-based analyst. But otherwise the results, released Tuesday, showed "no surprises", he adds. (EHM)