British Energy Share Discussion Threads

[banny3] 15/2/2007 19:22

Another fine mess Tony Blairs got us in, 350 here we come !

[peart] 15/2/2007 12:29

It is odd, the price has gone up since then. However I think this is a lot of greenie rubbish. I think it will pass in the future as I minor hickup along the road to more Nuclear power. The country needs it and that's the end of it. If we don't get more Nuclear we could pay a big price in the years to come. It's one thing I agree with, with Labour. I think the Tories agree on it too - they are just doing the usual swinging of the political words when an opportunity arises. It's only to do with the consultation process in any case.

[veenhuizen] 15/2/2007 11:52

see bbc news on internet
nuclear review was `misleading'

[watwungyi] 15/2/2007 10:11

good piece by a greenie

[peart] 15/2/2007 07:53

watwungyi
AXA increased their stake and so did Legal and General the other day. We just have to be patient with this one.

[jonak] 14/2/2007 22:43

Since HM gov owns most of BGY, and since there is a strategic value to having ones own nuke capability, I doubt BGY will be allowed to die. Still it would be interesting to know what the value of the combined BGY sites is (without working power stations on them)

[watwungyi] 14/2/2007 20:17

What is likley is partnership development of new nuclear facilities between BGY and Frenchy. Govt may be understandbly reluctant to fund for the production of new facilities. So one option is to work together with Frenchy who have experience in running nuke plants.And financial power too.

[watwungyi] 14/2/2007 20:14

Peart
I absolutely agree with you on this point. The guy must have the knowledge which has not been explicitly disclosed.
When nuclear facilities are built, it must be in sites where original plants exist. So BGY has future definitely. Govt is way behind meeting Kyoto pledges. So they must consider nuke options. By the way, some institutions are on the buy side now. AXA added quite a bit this afternoon.
Share price could go lower in the short term, but this is just a gambler's job to guess the direction. I am no good at guessing where it will move.

[only who?] 14/2/2007 16:56

Just wish I'd kept my short open. If you believe charts mean anything, 350p seems likely soon.

[peart] 14/2/2007 16:32

The decision on the probable new nuclear build is obviously an overhang. It is not certain, as it is not announced. I would be surprised if it was not announced though - "we (the government) have decided to work with cheap russian/norwegian imported gas and just let our nuclear effort die" Or "we will, as good as, abandon BGY, and offer the new sites up to the Germans and the French". Markets and business and governments have a knack of shocking people, but if the government as good as said bye bye BGY and bye bye to Nuclear in the UK, I think it would be a massive shock. BGY holders would be in trouble then. However I just don't see this happening. Also the boss of BGY is starting to talk to possible partners to move development forward - he may have prior knowledge of what will be announced - he must have - and I think this comment confirms this. (Then the greenies will come out, but they will be contradicting themselves - no nuclear, but more fossil fuel (higher CO2) power stations!)

[watwungyi] 14/2/2007 16:13

I think the shares should be worth more than 648p if one looks at its earnings only. No accident, and no production interruption etc. But these events overshadowed the company's prospect. Suppose in a month or two, the govt announces building of new power station, and putting British Energy at the centre of this project. Then share price will definitely shoot up.
But currently this is by no means certain. So there are naturally a lot of questions being asked.

[bpoole] 14/2/2007 16:10

Alot of the institutionss bought heavily at sub 300p when they came back to the market. I suppose they are dumping while they are still in profit.

[peart] 14/2/2007 16:02

Just had a read from an investors chronicle article on 31.3.06. The article mentions the difficulties with old plant/the volatile electricity prices and the probable benefits of the government review of the electricity position and also the benefits if the government offloaded its stake. BUY 648p.

Nearly one year later - The plant has had issues, but these are being resolved, the electricity prices are not so good in the next 2 years out, but BGY is locked in until then (this volatility was known then), and the government announcement on its white paper is coming next month. Also the offloading of shares by the government is still on the horizon. Profits are up massively and it is recognised that management is improving.

Today - Price 387p - Overall, what has changed.....

SENTIMENT

I rest my case!

[watwungyi] 14/2/2007 15:38

The company is earning well, but the prospect of maintaining current level of profit is quite uncertain. No wonder share price is doomed. It's highly likely that new nuke power stations are to be built. But what is not clear is which role BGY is to play in the future. Will its aging reactors be decommissioned altogether and the govt allow French and German firms build power station, selling all its stake there. Second sceniario is unlikely. First BGY already has expertise. And I think executive Bill Coley is steering it well, for example, his vision to fix the energy price for next couple of years. He's been in business for 40+years. And it would be a disgrace for the govt to overlook its own energy firm and give it to Frenchy. So what could happen is BGY still have a good role to play in future energy project.
We might have to put up with 70% output for two reactors till 2011. And they will build new ones, but will not invest on the two ageing reactors. So this might be a very good buying opportunity. The share could go further who knows? But in the long term its prospects are really good.

[bpoole] 14/2/2007 15:20

There were 7m more buys than sells yesterday. Someone has got to announce a sell of 18m shares so far and it does not look like they have stopped now.

[spacemoggy] 14/2/2007 15:16

The markets want blood these days, good results are never enough it seems....Rick

[bpoole] 14/2/2007 15:15

Same here space, I will never learn. Then again, how many shares drop 12% after announcing they have doubled profits?

[spacemoggy] 14/2/2007 15:11

I keep rapping my knuckles about bottom fishing...after 8 years i should know better ffs...Rick

[h4rsh2] 14/2/2007 15:11

can someone explain.. 19m buys,8m sells why the price goes down?

[bpoole] 14/2/2007 15:07

The only thing to watch is the share price.
It is saying sell.
19m buy, 8m sell.
Who is selling all these shares and who is buying?
The market makers can't hold 11m shares so they must be filling a big sell order. We must know who it is soon.

[spacemoggy] 14/2/2007 15:03

sr = support + resistance

[peart] 14/2/2007 15:02

?? sr - support? I've never heard of an sr level

[scissors] 14/2/2007 13:07

i don't know much about fundamentals i just use sr levels

mind you i'm keeping an eye on some eenvirnmental treehugging anti-nuclear sites to get an idea of whats happening at the power plants eg

[bpoole] 14/2/2007 12:45

According to ADVFN:
NTAV 296
NAV 366
Why did people think BGY was worth 700p a few months back.