Nobody caught the late news today then.....

Tadpole Technology said pretax losses narrowed to 2.76m in the year to September 2004 from 9.57m the previous year, in line with expectations.

Sales on continuing operations rose to 4.8m from 3.6m, also meeting forecasts.

The 35% rise in turnover was attributed mainly to the success of the Geospatial Solutions division, which accounted for almost 90% of the value growth in turnover.

The loss per share narrowed to 1p from 4.3p.

(I must admit to having a few tucked away in the bottom drawer...)

Grey - yes, we probably all have to admit to holding some Tad. Luckily I downsized a few months ago but held on to a few in the hope that they would produce the goods eventually (now where have I heard that before?)

just found a little time to read the rns. 5MILLION? at this price that represents about another 75 MILLION SHARES.thats an awful lot to ask from the tad faithful. i wish id gone down the pub.

> superrod. Exactly and this will mean a huge amount of shares coming in to the market on a regular basis as per last time 250K chunks I believe.

short of some amazing news (which hasnt happened before) the price is capped until the overhang is gone - which will be two years.

rjs

Just like last time rjs?
Think you had better do some research and see what happened last time GEM was announced?

The sp went up on the announcement and then slowly went down as GEM "overhang" began.

pach
it went up for several months eventually hitting 32p a couple of months later.
GEM wasn't used for 4 months.

Yuff - agreed but you are not comparing like with like. The sp went up because there was an amazing shorters' squeeze after GEM when it became evident that Tad would have the cash to survive (and invest). This time round there is little evidence of shorting (pre-rns) so the effect will be much more mooted. Also, (i) we now know the effect of Gem drawdowns, (ii) the effect is magnified by the low sp which contributes to increased dilution.

Don't get me wrong, I really hope that Tad has some excellent news over the next few months that rallies the sp, thereby reducing the dilutive effect of Gem, and creates a virtuous circle. But I have waited rather a long time for that to happen!

pach
Fair point, I do remember the shorters squeeze, wonder who got shafted there.

Not me thankfully - but I doubt they got any sympathy from anyone either!

im a die hard tad fan, but this really takes the biscuit. the higher the price the less shares to be issued, but the bottom line is that GEM will sell into ANY rally and nick even MORE of our money.the lower the price the higher the dilution and the less likely a shareholder will ever get a return. i need to think hard ( but not too long ) about this.

ideally GEM will tip me off when they are about to sell so i can ride their shirt tails.

( wakes up screaming ).

So who's the new CEO?

Tadpole Technology Unit Secures New Contract



Edited Press Release


LONDON (Dow Jones)--Tadpole Technology said Tuesday that its subsidiary Endeavors Technology has executed an agreement with an OEM valued initially at $2.8 million, comprising licenses, royalties, support and maintenance services of the Endeavors AppExpress software-streaming platform.

The amount due during the current fiscal year ending Sep. 30, relating to licenses and support services, is $1.6 million.

An initial payment of $0.6 million has been received; $1.0 million is due in quarterly instalments at the end of March, June and September 2005.

The remaining balance of $1.2 million (of the total contract value of $2.8 million) relates primarily to minimum royalty payments and is due in quarterly instalments commencing December 2005 and ending December 2007.


(END) Dow Jones Newswires

February 01, 2005 04:10 ET (09:10 GMT)

Finally some good news - someone actually wants to give Tad some money. Let's hope the management play this correctly and do not draw upon Gem too much until the sp has recovered, preferably to 12p+.

MARKET TALK: Tadpole Tech Frog Leaps 15% On Contract Win
1212 GMT [Dow Jones] Tadpole Technology's (TAD.LN) new contract win will drive forecast upgrades says Evolution. Analyst Lorne Daniel says contract "demonstrates revenues beginning to come through from streaming application business." Reiterates add on co, as "not enough visibility yet to push it to a buy." Tadpole +15% at 7.9p. (PAB)

M

pach
I think the whole point is this contract negates the need for GEM now.

no it doesnt!! this contract hasnt just sprung up from nowhere - if this contract could pay the bills thn they wouldnt have negotiated GEM surely!!

Have to agree with rjs - but with the contract becoming a reality it might defer the bulk of any drawdown until later in the year (by which time the sp is higher?). Grasping straws probably.

pach
You might agree but I think the chances are very high that rjs is wrong, this contract, even though tad knew about it last week, would not be taken into account for forward purposes therefore the accounts would not be able to be signed off, therefore funds had to be put in place, the quickest and easiest way and initially the cheapest would probably be GEM hence the announcement.
You only have to look at the funds coming into the streaming division along with Cartesia's profits to realise they don't have a funding problem now.

Also benefiting from a new contract announcement were shares in Tadpole Technology, which added 1.25p to 8.125p. It said that subsidiary Endeavors Technology had executed an agreement with an OEM valued initially at 2.8 million dollars, comprising licenses, royalties, support and maintenance services of the Endeavors AppExpress software-streaming platform. The amount due during the current fiscal year ending 30 September 2005, relating to licenses and support services, is $1.6 million and an initial payment of 600,000 pounds had been received.