British Energy Share Discussion Threads

[bobp] 26/8/2008 21:04

Should hear something in Sept I think, how long does it take to agree a share price

mmx, good luck mate but don't hang around

[sat69] 26/8/2008 16:14

Good luck mmx!

[mmx trader] 26/8/2008 15:01

just gone short at 725.5 wish me luck

[mmx trader] 21/8/2008 08:05

youre a long termer, im not, 10% - 15% drop from here is not going to change the future.

[praipus] 20/8/2008 20:31

mmx trader if it drops its a bear trap IMHO.

You are betting against security of supply for 25% of the UK's electricity.

No one would/should bet against that IMHO. The trend is your friend here.

Gordon Brown gets things wrong but electricy cut outs would not do the party re-election hopes any good.

[mmx trader] 20/8/2008 12:47

sure 680 is SUPPORT but may not be that strong, if thats broken the downtrend sets in and you are looking at 600.

[mirex] 20/8/2008 11:46

Cant see that MMX, down to where? surely 680 is bottom and it'll stick in the 680-725 channel until something is sorted.

[mmx trader] 20/8/2008 10:12

Good outlook for the future.

[mmx trader] 20/8/2008 10:08

i trade short term re:weeks and this stock for the next couple of months should be going down. just waiting for confirmation

[mirex] 20/8/2008 09:45

HMG needs the £4 Billion to cover it's "Fuel Poverty" intentions, i.e. the 1 Million people in the UK that canno longer afford Elec/Gas (10% of household income) and they can get no money from elsewhere, the 2012 Olympics is now capped at £9.3Bn and theres no more money elsewhere! HMG is now in a hurry and will do whatever it can to get this through quickly. As previously stated, there are more reasons to hurry this along including the surrounding land permissions, our reliance on Coal/Oil/Gas and everything else.

not good news for a realistic £12 per share value and it looks like the same 680-725p range will stay until something concrete happens! I'm long (very long!) from 550p ish but still see £10+before everyone is happy and the sale goes thtrough. EDF proabably the only suitors now, Centrica want their 25% but the board/shareholders vs. HMG is the sticking point.

[bobp] 20/8/2008 09:11

mmt,
Hitting that 720p you mentioned, no breakthrough yet, it may take the announcement. Somethings brewing though, lots of buys today but no overt news

[mmx trader] 18/8/2008 08:31

I think louish intends to apply the principle of option straddle to Cfd's of Spread betting, would be good provided that the size of movement is sufficient to cover costs. volatility is the name of the game. it can work.

[jilldi] 17/8/2008 19:33

cmc allow one account to have a sub account so yes you can go long and short! quite why you want to do this is a little foggy to me!!

[louish] 15/8/2008 21:04

mmx trader - I am new to spread trading and I have BGY long - bought in when it was £5.50, but I need some advice. Can you have a long position and a short position open at the same time in the same spread trading account? I would like to open one as like you I think we could be on for drop but I dont want to close long just in case we get surprised by takeover offer.

[mmx trader] 15/8/2008 16:18

bobp

not sure about takeovers, thats living in hope.
my target for shorting is 725, should be strong resistance there.
if it trades and closes above that I will not enter the trade.

support is at 680.

we'll see.

[bobp] 15/8/2008 15:36

mmx, u could be right. I did think it would drop back a tad in the week on the news, but maybe people are conscious now of another EDF&BGY agreement on the share price
That may be a bit premature I would have thought another week or so. If thats the case the share price may slip back a bit and give u the shorting opportunity. Good luck if you do, as long as it goes back up again when the takeover news comes out.
I was waiting for it to drop again to circa 700 to buy another load but that seems a thing of the past now

[mmx trader] 15/8/2008 14:19

just watchin not in yet, I think it will test the 720's...building up nicely.

[bobp] 13/8/2008 12:13

Phew!... That was lucky, share price actually rose a tad.
Helped by the potential take over comments.
Next news now please for EDF putting fwd a larger bid ( what makes you think I'm long?! )

[mmx trader] 13/8/2008 11:36

we are near shorting time...

good luck

[louish] 12/8/2008 20:16

BobP - I wish I could share your hope, however I fear tomorrow's results will show how old the plants are and how badly they have affected profits. If we have no takeover update I think share price at end of week will be around £6.50-£6.75, although I hope you and speedy are right.

[speedy] 12/8/2008 08:50

The latest news: Conflict in Georgia; modest recovery for finanial stocks;
inflation edging upwards; and Centrica putting up some cash, should concentrate
minds. I think £8+ is unlikely, however if Russia effectively annexes Georgia,
that changes matters significantly, and maybe £8.5 would be possible on the
assumption that gas and oil supplies are less secure.

For Friday, I will stick with 775p.

[bobp] 10/8/2008 16:11

www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/10/cnbe110.xml

[speedy] 06/8/2008 09:33

A few comments:
* To get new nuclear generation built asap EDF (or similar) need to be not only involved but also leading the work.
* There are huge risks moving forwards hence share price is likely to heavily discounted
unless some of the risk is underwritten by HMG.
* Unless the analysts have a crystal ball or in depth knowledge of the state of
all BGY's stations I'd go wth the Director's valuation of BGY's prospects.
* The analysts can forecast future profits of BGY but do not understand the
proposed deal and cannot forecast the future profits under EDF???

To me the only thing that makes sense with this shambles is that the major
shareholders need low risk cash flow from liquid assets and that it may take a
while to construct a deal around that. Getting a deal done with three or more
parties is going to be difficult. IMHO if the BGY board is content with the
offer they should recommend it and put it to a vote.

[a2584728] 06/8/2008 08:22

This deal will be done, if you have spare cash and/or can stand the margin calls then buy buy buy, the deal will go through IMHO.