Berkeley Technology Share Discussion Threads

[kegs-on-legs] 03/1/2008 14:38

Nice tick up.

Anyone own up to the 100K earlier on? Good price too.

Trying to get 10K now....

[hugepants] 03/1/2008 12:53

I notice that "equity securities" increased from $0.8M to $1.9M in the Q3 results. The extra $1.1M has come off the fixed maturities entry. The $0.8M was the book value of the alacritech investment so I wonder if they have increased their investment in Alacritech by $1.1M?
Or maybe theyve invested in something else.

Its just so cheap it should not be difficult to realise value for shareholders. NAV = $16.2M. Then add on the payment due from WorldCom which is $0.4M. Most of the cash is in UK pounds. So I get NAV of 16.5p (based on 51M shares) of which net cash is 14.5p and around 2p of investments. Q3 shows minimal cash burn. If consultancy revenues keep improving at current rate then could be cash flow positive in Q4.

[baner] 03/1/2008 11:49

the "only" issue is whether mr treuger will allow all shareholders to benefit from the company´s assets on a pro rata basis - or if he will continue to milk the company for his own benefits. an interesting issue is of course whether he can vote on the shares held by the company - if there was an EGM calling for a liquidation for example. the directors have fidicuiary duties here and could be liable if not looking after ALL shareholders best interest.

[hotter] 02/1/2008 21:10

I like the look of this, actually

[jotoha1] 02/1/2008 16:07

Ah sorry about the mistake on DOLLARS, company is there for the benefit of insiders, they will milk it dry!

[tonyx] 01/1/2008 17:17

Figures are in US$, jotoha1.

And they have reduced by US$1.2m from 2006.

[jotoha1] 01/1/2008 16:01

Last 9 month accounts show £2.5m to cover operating expenses, veely veely nice !!!

[jotoha1] 01/1/2008 15:51

This company has been in decline for the last 6 years , why should anyone buy them, they are living on borrowed time, and will eventually disapear!

[kegs-on-legs] 18/12/2007 18:13

Sorry, just found out they are.

Arthur Trueger is the chairman of Berkeley Technology Limited, a venture capital company that he helped found. Berkeley Technology Limited operates in the UK and the US. The US subsidiary is the Berkeley International Capital Corporation, and is located in San Francisco. Berkeley has been a major investor in the technology industry for over twenty years.

[kegs-on-legs] 18/12/2007 18:10

BTW do you know whether Berkeley International Capital Corporation is a subsiduary of BEK?

[kegs-on-legs] 18/12/2007 18:06

Nice one.

5.25p is rather tempting!

Good luck.

[hugepants] 18/12/2007 18:01

Holding 400,000 at the moment. Hoping Q4 may show positive cash flow (excluding the $400K due from WorldCom) if revenues keep growing and costs keep reducing.

[kegs-on-legs] 18/12/2007 17:56

Hi HugePants,

Even cheaper then! Haven't seen a sell for a while here but trades never seem to be reported-I bought 100K a few weeks ago @ 5.5p & that never showed up.

Hold 200K here and happy to sit it out & see the value outed.

Do you hold these, HugePants?

rgds.

[hugepants] 18/12/2007 17:47

I was getting a quote for 75K to buy at 5.25p today

[kegs-on-legs] 18/12/2007 17:29

You can now buy these at 5.5p......

Payment from Worldcom due this quarter.

DYOR etc

[kegs-on-legs] 12/12/2007 12:59

Price should be nearer 10p IMO.

[kegs-on-legs] 12/12/2007 12:37

*Latest accounts confirm net cash held is roughly 15p per share.

*Around $400K due in Q4 from Worldcom.

*Losses reduced & consultancy business generating profit.

*No debt.

Please DYOR etc

[tonyx] 14/11/2007 14:41

Down 16%?

I'll have some of that...50K @5.5p

[gemini99] 12/11/2007 15:29

The trades are not showing up

[ben value] 12/11/2007 09:55

gemini99 - I bought 47,880 at 6.25p

[gemini99] 12/11/2007 09:24

What price did you pay Ben. I got 60,000 at 6.25p

[ben value] 12/11/2007 09:18

I'm in again this morning. Hence the price rise. The trade has not shown up yet.

[baner] 10/11/2007 21:01

HugePants - i totally agree with your numbers and conclusions. this is all a question whether Mr Treuger will let all shareholders have their piece of the action on a pro rata basis or whether he will continue milking the company going forward. the easiest thing would of course be for treuger to take the company private using the funds available. i believe other shareholders would jump on 11-12p per share today - and that would be a very sound deal for treueger. no doubt a really sound risk/reward at 5-6p.

[hugepants] 09/11/2007 12:44

Almost breakeven now! Q3 results out;


Consulatancy income now up to $447,000 for the quarter. Costs reduced. Add on interest on cash and loss down to $125,000 or about £60 grand.

Surely this has to be re-rated much nearer to the 15p net cash. BEK will be generating cash shortly at this rate.
And still due $400,000 cash in Q4 from WorldCom payment.

[hugepants] 29/10/2007 13:33

The thing is the boy Treuger owns 30% of the shares (prob around 40% if the trust shares are excluded). I cant see how he wins if this situation persists because he's "only" paying himself £150,000 grand per annum. If I was him Id be upping my salary a few hundred per cent to screw the remaining shareholders big time.

I make net cash about 15p. That excludes the 13M Employee Trust shares which will eventually either be sold in the market or cancelled according to previous intelligence.