Bigblu Broadband Share Discussion Threads

[29palms] 04/4/2005 17:19

Issued after the market closed-oppps!!!!
This will show weakness tomorrow.

29palm

[charmer1_23] 04/4/2005 16:37

Berkeley Berry Birch PLC
04 April 2005



Berkeley Berry Birch plc ('BBB')

Update on FSA Investigations and Current Trading



FSA investigations

Further to our announcement on 10 December 2004 the Board of BBB plc provides
the following update.


Investigation into Regular Savings Premium & Whole of Life Sales

The investigation into the sale of the above products is ongoing and the Board
of Berkeley Independent Advisers ('BIA'), with support from its parent company,
continues to provide its full assistance to the Financial Services Authority ('
FSA').

The Board of BIA, with support from its parent company, continues to liaise with
the FSA on the nature and extent of any investigation into past business. As a
result, the costs of such an exercise remain uncertain at this point, although
they could be substantial if a full review is required.


Liquidation and Sale of Berry Birch & Noble Financial Services

As a matter of clarification, the above investigation is separate from the
continuing FSA investigation into Berry Birch & Noble Financial Services
Limited, which was detailed in the most recent annual report of BBB.


Trading performance for the year ended 31 March 2005

Following a slowdown within our Financial Services Division in the last quarter,
turnover for the year ended 31 March 2005 is likely to be below market
expectations and will now be broadly in line with that reported in the previous
financial year. This slowdown mainly arises from the impact of the FSA
investigation on BIA as sales of the products under investigation are no longer
being made. Despite the lower turnover, it is anticipated that the operating
loss, before exceptional items and goodwill impairment and amortisation, will be
in line with market expectations. This operating loss excludes any costs that
may arise from the investigation referred to above.


Regulatory Capital

The recent downturn in trading performance within BIA and the additional costs
of two FSA investigations has put increasing pressure on the group's regulatory
capital position. The group is in active dialogue with the FSA on this issue.


For further information please call:

Clifford Lockyer
Chairman and Chief Executive Officer
07967 680565



This information is provided by RNS
The company news service from the London Stock Exchange

[mike24] 19/3/2005 12:25

what is the point of buying prop/bonds and paying up to 5% comm,

[29palms] 07/3/2005 23:20

BERKELEY BERRY BIRCH
NAV of 35.1p and taking on board the FSA investigation this is way too low!!!!!

DYOR
29palms

[29palms] 07/3/2005 22:34

BERKELEY BERRY BIRCH
NAV of 35.1p and taking on board the FSA investigation this is way too low!!!!!

DYOR
29palms

[the juggler] 10/2/2005 21:39

Thank goodness for that - thought I'd finally lost the plot. All those blank favourites pages - I felt like Billy no-mates!!

[tony5505] 10/2/2005 21:37

they're working on it apparently.
MikeH (ADVFN) - 10 Feb'05 - 21:25 - 10 of 14


We are looking into it now
ADVFN

[currypasty] 10/2/2005 21:15

you think so ??

[smallchange] 10/2/2005 21:14

Theres someone there,somewhere,doing something ¿¿

I hope lol..

[currypasty] 10/2/2005 21:10

I think AFN will have all gone home, so looks like panic stations tomorrow at 8.00 am

[tonyx] 10/2/2005 21:10

I can't view any...apart from this one!

[gateside] 10/2/2005 21:08

CURRY... having the same problem ~ not able to view any of the bb's that i have marked as favourites

[currypasty] 10/2/2005 21:06

ShirishG (ADVFN) - 10 Feb'05 - 12:17 - 13548 of 13609


All,

Please refer to some of my previous posts as we are in the process of switching the data sources for the old legacy systems to our new infrastructure.

We are also in the process of fixing our news databases, to improve site response, particularly with News Monitor.

Just hold tight, there will be a little turbulence at about now. Once completed the reliability of the site should improve greatly.

We appreciate your patience during these troubled times.

Regards

Siri



lots of threads not working, just the header, and a blank page... anyone at AFN about ?

[charmer1_23] 10/2/2005 19:01

And the moves northwards continue, Level 2 strengthened at the bell to 2 v 1. 50% increase on the bid in little over a week with very little comment. Feel there is more to this than meets the eye, but no doubt we will find out in due course.

[salpara111] 03/2/2005 20:53

I am still interested but I wont be making a move until we have a clear outcome from not one but two different FSA investigations, like I said before they could loose a large part of their cash pile as a result of compensation claims. I've been burnt too many times before in this sort of situation and will forgo the first part of any upturn in order to enter at a lower risk stage.

[day_dreamer] 03/2/2005 19:24

The mm's must love this, 2 very big blocks of stock dumped at 6p
recently and now they move up the price and punters are paying 11p
for it, talk about easy money !

Gravy

[charmer1_23] 03/2/2005 17:07

Quite a big move in the last couple of sessions, wondering if someone is running the slide rule over BBB. Yes, we have the FSA on their backs but £10mil plus in the bank does help to soften any impending blow.

[charmer1_23] 01/2/2005 17:26

Very tight online quotes now,8.2p 150,000 bid, 8.19p 121,340 offer. Level 2, 2 bid 1 offer, looks like KBC have a seller to clear. Some volume today so maybe some positive action soon.

[salpara111] 25/1/2005 20:10

Well, the FD has handed in his notice so I guess we can expect the Sh£t to hit the fan at some point in the not too distant future.

[day_dreamer] 19/1/2005 16:21

362k dumped at 6p..!!!

[salpara111] 17/1/2005 20:41

Interesting situation here.
After the last announcement of a second FSA investigation I decided that this was best left well alone until there was some clarity.
Having said that the company is now in a position where it has virtually no enterprise value.
If the FSA come out against them then undoubtedly they could take a substantial hit running into several million, however the FSA will not be stupid and tailor any compensation ruling that ensures that the company stays in business in order to pay out.
The company has over £10 million in the bank and is cash generative which means that it can afford to sustain a pretty decent hit and still stay in business.
What I am gradually coming round to thinking is that there is value to be had at current price levels and that it is a factor of the uncertaintly hanging over the FSA investigation that is dragging the stock down.
Having said that I guess I will behave like everyone else and just sit on my hands, prefering to pay 10-12pence after we have a resolution to the current set of problems.

[tiltonboy] 17/1/2005 15:03

Tony,

I understand that there are some preliminary meetings with the FSA at the end of the month, but as you say, these sort of investigations tend to drag on.

tiltonboy