Berkeley Technology Share Discussion Threads

[ben value] 16/1/2009 11:05

Plus says Bid 2p Ask 10p!

[safman] 16/1/2009 10:42

"BEK is one of the best stocks on the LSE for day trading."

"tongue n cheek" Hugepants.. about as illiquid as you can get..it is cheap, but untradeable.. or almost to that effect..

saffy..

[hugepants] 16/1/2009 10:39

BEK is one of the best stocks on the LSE for day trading.

Todays cash receipt is worth about 1.75p per share in cash to BEK at current exchange rates (It would be reasonable to assume they will get another approx 0.5p per share based on 5 billion paid out from 7billion pot so far).
BEK should have about 18p per share cash now (And the Xtera and Alacritech investments worth a couple of pence per share). But what will they do with it? Sod all probably.

[stewjames] 16/1/2009 10:30

Up 150% on this relatively small receipt?! That's quite comical! And the spread is completely outrageous.

[safman] 16/1/2009 09:36

so they have recieved US$1.37 million so far as the first receipt.. hiw much they still have to come is a mystery.. ?? as asked in the prvious posts...

saffy..

[safman] 16/1/2009 09:30

TIDMBEK

RNS Number : 7681L
Berkeley Technology Limited
16 January 2009

?
+-------------------------------------+-------------------------------------+
| FOR IMMEDIATE RELEASE | January 16 2009 |
+-------------------------------------+-------------------------------------+




Berkeley Technology Limited


Cash Receipt


London, January 16, 2009 - Berkeley Technology Limited (OTCBB: BKLYY.PK, London:
BEK.L) (the "Company") is pleased to announce the receipt of approximately
US$1.37 million by its Jersey, Channel Islands based insurance subsidiary,
representing the pro-rata share of the first partial distribution of the Net
Settlement Fund in the Enron Corporation Securities Litigation class action. In
February 2008, we submitted a claim based on certain Enron bonds previously held
by our insurance subsidiary in Jersey. In aggregate, almost US$5 billion of the
US$7 billion recovered has been distributed to claimants in this first partial
distribution. The timing and amount of future distributions is unknown at this
time. Not all claims have been processed by the claims administrator.

saffy..

[hugepants] 06/1/2009 22:19

Ive no idea adam.

[adam] 06/1/2009 17:55

Do you know how much they had in Enron, and what the payout is for "category 1 " claims?

[hugepants] 22/12/2008 12:52

The collapse in the £ versus $ must make this a fantastic opportunity for Treuger to make a tender offer for the shares he doesnt own and take the company private. There is no logical reason for this company to be listed. Zero. Zip. Squat. Diddly.

[stewjames] 14/11/2008 13:18

Hang about - *continue* managing the company to create value? I must have missed something. When did they start?

Seriously, why the (beep) are they still trading?

And nearly 3M operating expenses? Are you freaking kidding me?

[hugepants] 14/11/2008 10:54

I read results wrong. There is only the £0.25M impairment in private equity. The rest of the extra loss looks to be made up from redundancy payments.

"Our intention is to continue managing the Company to create value for all of our shareholders regardless of their different interests in the Company's shares."

I take it the above means some shareholders have been requesting the business is either sold or liquidated.

Adam
Do you have any idea how much BEK lost in the Enron collapse?

[adam] 14/11/2008 10:42

consulting fee income for 9 months $414k

says it all.

This is a public company with a full London listing.

[hugepants] 14/11/2008 08:26

Q3 results


They look pretty awful. A £0.25M impairment in private equity and what looks like a £0.25M impariment of "cash and cash equivalents" unless Im mistaken. That takes a bit of doing. The major shareholders (excluding Treuger) must be pulling their hair out.


Whats the point in this line?
"Our intention is to continue managing the Company to create value for all of our shareholders regardless of their different interests in the Company's shares."

[stewjames] 30/10/2008 17:42

Oh well, turns out anyway that it's not just unbelievably annoying for me to open an account, it's actually impossible. US brokers don't offer broad UK market coverage (the affordable ones anyway!) and some silly US regulations prohibit UK brokers from taking me on as a client.

With that kind of spread and dealing limits, doesn't sound like I'm missing out on much!

[hugepants] 30/10/2008 11:10

Stew
When the price dropped to 2p to buy I tried to buy some online but was only quoted for 1,500 shares which is £30 worth. Someone else bought 1,000 shares (£20 worth) and doubled the share price.

[philut] 30/10/2008 10:19

Stew, if it helps Selftrade online prices are

Bid 2.01 for up to 75,000

Offer 4.99 for up to 15,000.

Haven't got L2 but seem to remember that no of brokers went from 3 to 2 a while ago.

[stewjames] 29/10/2008 17:48

Can someone tell me the realistic buy price and quantity at the moment, please? I'm considering going through the hassle of getting a share account opened (it's unbelievably annoying when you're US based!)

[hugepants] 29/10/2008 16:16

Nice 50% rise. With these huge price swings it wont be long before the day traders start getting interested in BEK.

[hugepants] 29/10/2008 12:44

Adam
Is the above just a bit of trivia with regards the BEK chairman or do you see something more significant (I cant!).

[adam] 29/10/2008 01:27

Victor Hebert - Deputy Chairman Berkeley Technology - aged 71
He is a senior member of the law firm Heller Ehrman LLP in San Francisco, California, having joined the firm in 1962



Heller Ehrman law firm to dissolve Friday

Tom Abate,Andrew S. Ross, Chronicle Staff Writers

Friday, September 26, 2008

...Jenett said the firm was doomed by a rash of departures. "There is a point at which so much muscle mass is lost that the body cannot continue to function," he said.

..."The sadness is that here (was) a group of people who wanted to preserve the firm, but the business had deteriorated to the point where they couldn't," said Chuck Fanning, a legal recruiter for the firm Majors, Lindsey & Africa.


In September 2008, the firm encountered troubles after losing 15 intellectual property partners to Covington & Burling, which may then have led to collapse of merger talks with Mayer Brown on 14 September 2008.[4] Including the above 15, a total of 50 partners have left the firm in 2008 so far...

[hugepants] 28/10/2008 23:12

saffy,
Its so illiquid its actually funny.

baner

You're right the strengthening dollar has made a big difference. I remembered the LPAL assets used to be denominated in UK pounds. However I just checked the 2007 accounts and they switched over to US dollars in mid 2007. So I make it net cash of 16.5p per share and another 2.25p of private equity (Alacritech and Xtera). Thats based on current exchange rate and 51.7M shares (the employee benefit trust shares are irrelevant).

AS regards Mr Whitehead at least his $300,000 salary will be removed from the wage bill.

[safman] 27/10/2008 16:00

lol.. i did try and buy a few.. no one, let alone the MMs wanted any of it!..

saffy..