British Energy Share Discussion Threads

[mark c graham] 20/3/2007 12:54

h4rsh2,

sat69 is rather misleading in his brief reply regarding dividends. Here's the relevant extract from the interims.

• The Company has updated its dividend policy to return all surplus capital
to shareholders on a prudent basis after taking account of the Company's
need to increase financial stability, make appropriate investments, address the pension scheme deficit, meet the collateral requirements of the Company
and, over time, allow for its investment in nuclear new build.

• Annual base dividend of £80m p.a., equivalent to 13.6p per share (fully
diluted), payable after the AGM expected in July.

• In addition the Board intends to consider a special distribution each year
in February following the 3rd Quarter results announcement commencing in
2008. The amount of any special distribution will represent any surplus
cash flow eligible and available for distribution at the time.

• In respect of the financial year 2006/07, we anticipate paying our first
base dividend after the Company's AGM expected in July 2007 and intend to
consider a special distribution payable in February 2008. In the light of
current operating difficulties, the amount of any special distribution will
take into account recent performance history and any liquidity issues.

[h4rsh2] 20/3/2007 12:46

Thanks SAT

[carer] 20/3/2007 10:54

Axa has incresed its holding to 14%!!! But is likely there will be a temporary pull back in the short term due to profit taking.

[sat69] 20/3/2007 10:22

H4

Divs have been suspended.

sat

[h4rsh2] 20/3/2007 09:57

Is there any dividend and if there is how much and when is going xdividend
Someone please...

[sat69] 19/3/2007 16:59

Closed at a six-week high...

[carer] 16/3/2007 09:49

The chart is looking good. boiler back to service will help push the price.

[h4rsh2] 14/3/2007 09:16

Annoucement of the boiler which was under repairs back to near or close
to 100% efficiency is on the cards,that will bring the share price to 500p.

[sat69] 11/3/2007 21:17

Owston,

I create a new thread if the previous one either has a boring, non-relevant title or has so much info/graphs in the header it takes too long to scroll down each time to get to the latest postings. Lets face it, one day someone has to create a new thread for some reason - mine are as good as the next mans!

sat

[owston] 11/3/2007 12:42

Why are we continually changing threads?

[watwungyi] 10/3/2007 22:13

Blair now has a much stronger case foro Npower after meeting from Brussel. Independent reports. Being the only nuclear energy producer, the prospect for this one is really good. You guys might also want to consider Merill Lynch new energy technology.

[banny3] 10/3/2007 13:20

British Energy Group PLC
Sainsbury, With No Bonds, May Join Default Swap Index (Update3)

By Hamish Risk

March 9 (Bloomberg) -- J Sainsbury Plc, the U.K. supermarket that repaid all of its bonds, is attracting so much trading by speculators in the credit-default swap market that the company is likely to be included in the benchmark index.

Investors are buying Sainsbury credit-default swaps on speculation that the London-based company will become a buyout target and issue bonds to finance its takeover. Investors bought and sold more contracts based on Sainsbury than any other company in Europe last month, according to GFI Group Inc., a New York- based derivatives broker.

Sainsbury, the U.K.'s third-largest grocer, has received approaches from CVC Capital Partners, Blackstone Group LP and Kohlberg Kravis Roberts & Co., who have until April 13 to make an offer. Credit-default swaps, designed to protect bondholders from defaults, have increased to 94,000 euros ($123,000) per 10 million euros of Sainsbury debt from 30,000 euros a month ago.

``If you were to speculate on potential new names in the crossover index, then Sainsbury would be on that list,'' said Marcus Schueler, head of integrated credit marketing at Deutsche Bank in London. ``Takeover speculation has increased its credit spreads so that it now meets the criteria for the index.''

Credit-default swaps can still be traded even if there are no bonds to reference the contracts because traders assume that the company may issue debt at some point over five-year period of the default swap.

Nokia Oyj, the world's largest maker of mobile phones, and London-based insurer Standard Life Plc are other companies with active default-swap markets even though they have no outstanding debt, according to Deutsche Bank.

Credit Bet

Investors use the iTraxx Crossover Index to bet on the credit quality of companies that rank among the lowest investment-grade borrowers and highest junk bond issuers.

International Index Co., which owns the index, polls traders on which companies they want included every six months. Companies are added or dropped from the indexes when their ratings are cut or upgraded, or when trading of credit-default swaps increases or decreases.

The International Index Co. will announce a list of constituents at 5 p.m. today London time. The index will be enlarged to include 50 companies from the current 45.

Index Candidates

Sainsbury may be added along with Eindhoven, Netherlands- based NXP BV, the former semiconductor unit of Royal Philips Electronics NV, and TIM Hellas Telecommunications SA, Greece's third-largest mobile phone company, said traders from Deutsche Bank, JPMorgan Chase & Co. and Lehman Brothers Holdings Inc.

Contenders also include Stena AB, the ferry company in Goteborg, Sweden; Norske Skogindustrier ASA, the Lysaker, Norway- based newsprint maker; Cirsa Business Corp., the Barcelona-based maker of slot machines; Impress Holdings BV, the Deventer, Netherlands-based food packaging firm; and TNT Post, a unit of Hoofddorp, Netherlands-based mail company TNT NV, traders said.

Other candidates are Codere SA, the Madrid-based casino and bingo company, Paris-based property firm Gecina SA, and British Energy Group Plc in Livingston, Scotland.

Companies that may exit the index include Lisbon-based Portugal Telecom, Cablecom Holdings AG in Zurich, food retailer Royal Ahold NV in Amsterdam and Paris-based Alstom SA, the maker of power stations.

The International Index Company, is a joint venture of banks including JPMorgan Chase, ABN Amro Holdings NV, Barclays Capital and Frankfurt-based Deutsche Boerse AG.

The indexes are the most widely traded contracts in the credit-default swaps market, where outstanding contracts had more than doubled to $26 trillion as of June.

Credit-default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt. They were conceived to protect bondholders against default and pay the buyer face value in exchange for the underlying securities should the company fail to adhere to its debt agreements.

The Crossover index rose 3,000 euros today to 204,000 euros, according to Deutsche Bank.

[edmondj] 10/3/2007 07:41

On a chartist view (FWIW and I'm not one really) BGY looks like a classic head & shoulders recently - i.e. likely followed by a serious move one way or another. Interesting to see if this continues on the upside.

[sat69] 09/3/2007 18:29

Closed at a 1 month high. Good news is being realised by all. I sold out a few weeks ago at 424p. Didn't have the funds to buy back in last weeks crisis! Can't see this falling back to £4 level again, but will dive in if it does.

[watwungyi] 09/3/2007 18:03

Yes. It is inded. Govt is way behind Kyoto accord. But they can't do anything to fulfil Kyoto quota. It will take at least five years to substantially increase nuclear energy supplies. And Kyoto expires in 2012. But Brussel decision will force the govt to give serious thought about building next generation of nuclear stations. I have a strong feeling that Govt white paper, to be published soon, will give green light to new nuclear stations. If you are not so sure, buy BGY stock options. Once govt gave green light, I am pretty sure this share will fly well over 500.

[sat69] 09/3/2007 09:37

Still moving in the right direction. Brussels news has not had any material impact though. I guess it's a very long term project.

[maqsud] 09/3/2007 00:05

definately looking for a heavy rise tommorrow after news from brussels..

[sat69] 08/3/2007 23:59

Strong rise in the share price after the turmoil of the last few days. Should easily be heading for 450p in the short term.

[watwungyi] 08/3/2007 21:59

Good news to holders of BGY.
EU started a meeting in Brussel discussing plans of 'big cuts' in greenhouse gas by EU countries by 2020. That, I think, inevitably lead UK govt to build or at least give a serious thought about building new generation of nuclear power station.
Good Luck to you all.

[sat69] 06/3/2007 11:47

Markets stable - share price back up

[maqsud] 05/3/2007 09:56

tipped by Galvan research and Trading...check out Galvan.co.uk ..short term target price of £5....