It's spring and the daffodils are fabulous this year covering the fields and riverbanks for miles around in a sun-drenched wash of yellow. Don't worry, local agro-industry hasn't gone soft and transformed its acreage into parkland. This area is probably the commercial daffodil centre of Europe and produces more daffs at this time of year than Holland.
I mention this because the daffodil trumpet reminds me of the yellow star burst anti-nuclear power logo sported by greens a few years ago. Do you remember all those 'atomkraft nein danke' (nuclear power no thank you) stickers favoured by alternative types and Citroen 2CV owners?.
While we have sympathy with the sentiment, it's clear that in this country we have a huge energy deficit looming. Short of building more coal, oil and gas powered generating stations, nuclear power is going to have to be the stop gap, for the medium term at any rate.
That's why we bought into British Energy recently. They are majority owned by HMG and run 8 nuclear power stations as well as some small renewable power facilities. We bought 250 shares at £6.15 and within a few weeks they had gone up by a pound. Unlike the short lived daff which has a half life measured in days, we think British Energy will bloom for the rest of the year at the very least.
(Readers should be aware that the value of stocks can fall as well as rise and should undertake their own research or obtain professional investment advice.)
