anyone know why this share is on the up, can`t see any news

" Nuclear power generator British Energy Group PLC is now on track to correct all the problems at some of its plants and re-vitalise its output estimates.
Chief executive Bill Coley said it would now be "totally incorrect" to assume continuing unreliability of reactors at its Hinkley Point and Hunterston sites will result in higher losses from planned outages or from unplanned shutdowns.
The group reiterated that there is still ongoing work on the recently reported boiler problems at its Hinkley Point B and Hunterston B plants, however progress has been significantly better than previously expected and other plants were performing above expectation.
Coley maintained company had no immediate plans to sell its Eggborough coal-fired station in North Yorkshire. He said the group would run Eggborough at least until 2010 when banks have an option on the plant, although BE has pre-emption rights that would supersede that.
"If we did not have an Eggborough, we would need something like it," Coley said.
BE said it wants to take advantage of the government's intention to build new nuclear plants, saying it aims to position itself for nuclear new build and plans to undertake preliminary work to identify options in that area.
Basic earnings per share lifted to 33.2 pence from 8 pence. The company said it expects to pay an annual base dividend of 80 mln stg, equivalent to 13.6 pence per share fully diluted, after its annual meeting in July.
BE added that it would also consider a special distribution each year in February following the third quarter results announcement starting in 2008.
"The amount of any special distribution will represent any surplus cash flow eligible and available for distribution at the time," it said.
philip.jones@afxnews.com paw/slm/paw/slm

I wonder why they didn't buy the government stake at $4-5 before bidding for the company.
Those who bought part of the stake from the government at about 5 should be happy....That's called the power of advisers!! Does anyone remember who advised the government and who bought the share?

$21bln is too cheap for BGY IMO.

EDF is buying land CLOSE TO BRITISH ENERGY SITES. They are sure that they can buy British Energy sites to build and expand their acitivities.....ALL IMO

EDF is buying land CLOSE TO BRITISH ENERGY SITES. They are sure that they can buy British Energy sites to build and expand their acitivities.....ALL IMO
They could buy somewhere away from BGY sites to make sure they get the permission.

oil at $129 should push this to 12 soon. IMO

oil at $120 should help this

A NEW BIDDER...... THEY ARE ENERGY TRADERS...


Scottish & Southern eyes British Energy bid together with RWE - report
AFX


LONDON (Thomson Financial) - Scottish & Southern Energy Plc. has emerged as a surprise bidder for British Energy Plc., The Daily Telegraph has reported.

The newspaper said the group is in talks with Germany's RWE AG. regarding mounting a joint bid, citing sources close to the situation.



simon.meads@thomsonreuters.com

sjm/lam

Oil at $130 should push energy prices higher.... BGY will not face higher cost though!! it should just gain more than ever.

http://www.moneyam.com/action/news/showArticle?id=3031575

PE is 18 now. It should move to around 9 next year. most of their electricity was pre-sold. BGY should see increased production and higher sale prices at the same time.