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Norwich Union awards Trafficmaster Pay as you go insurance 5 year deal (TFC)     

Bluedolphin - 05 Oct 2005 13:45

">http://Chart.aspx?Provider=EODIntra&Code=TFC&SiTrafficmaster PLC
05 October 2005

5 October 2005



Trafficmaster signs 5 year contract to work with Norwich Union on "Pay As You
Drive"TM Insurance



Trafficmaster, the leading supplier of digital traffic information and
intelligent in-vehicle services, has signed a five year contract with Norwich
Union (NU) to deliver "Pay As You Drive"TM (PAYD) insurance services to the
motorist.



Trafficmaster will supply NU with an initial quantity of 10,000 advanced "
black-box" in-car units in the first half of 2006. The black box, which is
already being used for both Trafficmaster's navigation unit Smartnav and
tracking device RAC Trackstar, identifies the location of the vehicle to allow
the delivery of PAYD insurance.



NU customers will be offered comprehensive products that provide cost effective
insurance together with a raft of optional in-vehicle services. These will
include safety camera warnings, Smartnav navigation, emergency and breakdown
calls and stolen vehicle tracking from RAC Trackstar.



Tony Eales, Chief Executive of Trafficmaster, said "This is a major new market
for Trafficmaster as it not only provides large scale deployment of our
in-vehicle units but also provides an opportunity to sell our other compelling
services. The deal provides a new way to deliver Smartnav and it will allow us
to offer insurance products to many of our own subscribers."



Stephen Doran, Director of Business Development at Norwich Union said "Our
partnership with Trafficmaster will allow us to deliver some very compelling new
customer propositions combining "Pay As You Drive" TM Insurance from Norwich
Union with a range of added value in-vehicle services that Trafficmaster will
deliver. Norwich Union have been the pioneers of PAYD insurance in the UK, and
this partnership will allow us to take the programme to the next level."



-ends-


Trafficmaster Tel: 01234 759 300
Tony Eales, Chief Executive
Stuart Berman, Executive Director

Financial Dynamics Tel: 020 7831 3113
Ben Atwell / John Gilbert



Trafficmaster

Founded in 1988, Trafficmaster Plc is the UK's leading journey management
company providing high quality satellite navigation, traffic data and vehicle
tracking systems.



Trafficmaster's traffic information is derived from its unique state-of-the-art
network of nationwide static roadside sensors and transmitters that gather and
distribute traffic data from over 8,000 miles of motorway and trunk routes.
Traffic data is then delivered to the customer through a number of screen or
speech-based receivers. These include a variety of in-car products and services
that include its satellite navigation - Smartnav, Trafficmaster Monitor, YQ(2),
Oracle and Freeway units. Traffic information can also be obtained by phoning
the 1740 service, which is run in partnership with the RAC and the UK's main
mobile phone operators.



The traffic data provided through Trafficmaster RDS TMC is used, in conjunction
with third party satellite navigation systems, to route drivers around
congestion. The data is broadcast on licensed radio networks owned by GCap Media
Plc and Chrysalis Radio and is provided to original equipment manufacturers
(OEMs) or direct to automotive manufacturers.



For more information please visit www.tmc.co.uk or www.trafficmaster.co.uk or
contact:



Pay As You Drive (PAYD)



Pay As You Drive is the concept of insurance charging based upon usage.



About Norwich Union Insurance

Norwich Union is the UK's largest insurer with a market share of around 14 per
cent.

With a focus on insurance for individuals and small businesses, Norwich Union
insures:

- One in five households

- One in seven motor vehicles

- Around 800,000 businesses



Norwich Union products are available through a variety of distribution channels
including brokers, corporate partners such as banks and building societies and
Norwich Union Direct.



Aviva, Norwich Union's parent company, recently announced its acquisition of the
RAC. The acquisition brings together the RAC's powerful brand and customer base
with the expertise and leading position in motor insurance of Norwich Union
Insurance.




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

CNTUUGQAUUPAGMC

pachandl - 13 Jan 2006 12:29 - 176 of 222

Is the L&G notification of % holding up or down?

capetown - 13 Jan 2006 12:30 - 177 of 222

Down i believe

pachandl - 13 Jan 2006 14:25 - 178 of 222

Yes, by about 0.5%

katcenka - 19 Jan 2006 21:12 - 179 of 222

In todays Shares Magazine:

Trafficmaster Helped Out of a Jam

Problems with its Smartnav car navigation
system dogged Trafficmaster (TFC) in 2005
but Ford has now given the product a vote of
confidence by announcing a week-long promotional
giveway of the system to all drivers who test drive and
then order a Ford Fiesta or Ford Focus ST.
In December, Shares suggested Trafficmasters
relegation from the FTSE All Share index could
provide a buying opportunity as index trackers
dumped the stock and, sure enough, the shares
troughed at 25.1p shortly after their demotion. But
they have bounced back nicely since.
Non-executive chairman Colin Walsh purchased
100,000 shares at 26p just before Christmas to double
his stake, and his confidence looks well founded.
Trafficmaster has since announced it is to supply
mobile navigation specialist Wayfinder with realtime
traffic information.
The Ford deal, which is being supported by a
high-profile advertising campaign, suggests that
Smartnav is competitive in the standard-fit
market, though portable solutions such as
TomTom still dominate the retail channel.
Trafficmasters balance sheet is net cash so it
can easily sustain its current losses as it sorts out
Smartnav.
A proliferation of road-charging schemes would
be a boost, too: Trafficmasters two-way
communication technology has a clear edge over
portable units as they cannot be used for pay-asyou-
drive schemes.
Shares says: The shares have already
suffered and if relegation from the All
Share pushes them down further,
Trafficmaster would look interesting at just
11 times 2006 earnings

eggbert - 20 Jan 2006 01:02 - 180 of 222

The Ford deal may not be the biggest for Smartnav,the real test will be if Smartnav helps sales for Ford.If sales go well i think we could see this relationship grow.

dynamicsoul - 20 Jan 2006 09:05 - 181 of 222

time to break 40p

potatohead - 23 Jan 2006 08:53 - 182 of 222

Trading Statement

RNS Number:2754X
Trafficmaster PLC
23 January 2006

23 January 2006


Trafficmaster plc

Pre-Close and Strategic Update


Trafficmaster Plc today provides a trading and strategic update ahead of its
preliminary results on 21 March 2006.


Trading improved significantly in the second half of the year with operating
profits, for the full year and before exceptional items, expected to be in line
with market expectations of #1.8m. This compares with #0.028m in the first half.
Revenues for the year are also improved and are expected to be #42.3m (2004:
#36.6m).


Our US fleet tracking business Teletrac, which accounts for approximately 50% of
revenue, has had another strong year with revenues up 23% on 2004. During the
year we opened a number of new metropolitan markets in the US and won
significant major accounts.


The strategic review of our UK operations has been completed and the business
has been restructured to deliver growth and sustainable profitability. Three
new operating divisions have been created to deliver a tight strategic focus:
Trafficmaster In-vehicle Products, Trafficmaster Services and Trafficmaster
Technologies.


This new structure has already delivered improvements in our product positioning
together with improved margins and significant cost savings which are expected
to be in excess of #2m per annum from 2006 onwards. This will result in an
exceptional charge in 2005 of #0.6m. This is in addition to the #0.6m for MG
Rover bad debt reported in the first half of 2005.


Trafficmaster In-vehicle Products


Trafficmaster In-vehicle Products concentrates on the sale of Smartnav and
Trackstar hardware. Our business to business focus combined with a simplified
product proposition is proving attractive to OEM partners. These partners are
investing significantly in brand building campaigns for our products. Ford and
Peugeot, in particular, have conducted extensive TV, Radio and press campaigns
supporting Smartnav, our award winning satellite navigation and integrated
traffic information system, in recent months.


Mitsubishi, one of our largest OEM customers in 2005, has extended the contract
to fit Smartnav as standard to a number of models in its range throughout 2006.
Trackstar, our market leading GPS stolen vehicle tracking system, continues to
grow in a stable market.


Trafficmaster Services


Trafficmaster Services is focussed upon generating enhanced recurring revenue
per user by offering the widest range of traffic and vehicle related services
available from one source in the market today. Already, we have made
significant progress on operating margins in this area and are seeing strong
take up in our Safe Speed and Trackstar services on the Smartnav platform.
Trafficmaster Services is also responsible for our traffic information business
which has made excellent progress this year gaining significant market share in
both the automotive and the fast growing portable navigation markets.


Trafficmaster Technologies


Trafficmaster Technologies is responsible for developing new strategic markets
for our black box technologies and our relationships with our partners in these
areas are progressing well. The Transport for London initiative is now providing
live traffic information based on every vehicle entering and leaving the
congestion zone.


Tony Eales, Chief Executive of Trafficmaster commented:


"The actions taken to reposition the business in the latter half of 2005 have
lowered the cost base and improved margins. Trafficmaster is now aligned to
maximise profit from each business and is well placed to benefit from further
revenue growth during 2006."


potatohead - 23 Jan 2006 11:50 - 183 of 222

there is a tv program on satnavs beating congestion on tv tonight with trevor mcdonald at 8pm, and it talks about smartnav, now that would be a boost

ddoc2 - 23 Jan 2006 11:54 - 184 of 222

sold out too early at 36p last week, now at target 40p but looking at chart -no real resistance to till 60p. with all the pos newsflow could go straightup- i'm tempted to pile back in. what do other's think

eggbert - 23 Jan 2006 12:18 - 185 of 222

U.S business doing great.

Smartnav is being pushed more.If Joe Public finds out this product is the best on the market every car maker will want it.Tfc have been very slow at marketing this product.This is now changing.I saw Smartnav advertised with Ford and Peugeot in one Saturday paper.

No news on the dividend that was mentioned a while back!

Should keep climbing.

potatohead - 23 Jan 2006 12:35 - 186 of 222

there is a tv program on satnavs beating congestion on tv tonight with trevor mcdonald at 8pm, and it talks about smartnav, now that would be a boost

potatohead - 23 Jan 2006 13:29 - 187 of 222

TFC - Trafficmaster

Latest Prices
Name Price %
Trafficmaster 40.00p +9.59%

FTSE Fledgling 3,868 0.00%
techMARK 1,350 -0.49%
techMARK 100 1,475 -0.78%
Media 3,746 -0.96%

LONDON (SHARECAST) - In-car satellite navigation specialist Trafficmaster has seen a significant improvement in second half trading, with both revenues and profits ahead of last year.

Operating profits, for the full year and before exceptional items, are expected to be in line with market expectations of 1.8m, compared with 0.028m in the first half.

Revenues for the year are expected to be 42.3m, up from 36.6m.

US fleet tracking business Teletrac, which accounts for approximately 50% of revenue, had another strong year with revenues up 23% on 2004, Trafficmaster said.

The company added that one-off cost savings measures will knock 600,000 off pre-tax profits in addition to a 600,000 bad debt from MG Rover charged in the first half.

potatohead - 23 Jan 2006 13:52 - 188 of 222

space-shuttle-launch3a.jpg

potatohead - 23 Jan 2006 16:59 - 189 of 222

watch ITV2 tonight at 8pm....

tomorrow is going to be a very interesting day

potatohead - 23 Jan 2006 17:20 - 190 of 222

Finally, small-cap punters favourite Trafficmaster rose 3.5p to 40p after it said trading improved significantly in the second half. Cost savings meant annual profits will be in line with expectations even after sales fell short, the sat-nav company said.

Bridgewell Securities, Trafficmaster's house broker, raised its rating on thew stock to "overweight" from "neutral" in reaction. "With lingering uncertainties over 2005 now resolved, we believe the leaner and more focused company looks set for a good recovery in 2006," it said.


katcenka - 23 Jan 2006 18:45 - 191 of 222

actually its on ITV not ITV2 idiot

power station - 26 Jan 2006 17:49 - 192 of 222

the rockets off.........if you`re not on board...unlucky

potatohead - 27 Jan 2006 13:35 - 193 of 222

Typed from page 3 today from the evening standard, I have not typed all of it, but its bloody brilliant... this is going to be the next QXL

Motorists could pay up to 80p a mile to drive in London under radical plans to extend congestion charging, instead of a flat daily fee of 8 to travel into the heart of the capital, motorists would be charged according to the distance they travel in greater London.
Transport for London has already fitted four cars with black boxes in sectret trials to see how effectively they can be tracked.
TFL says the results looked "promising".

potatohead - 27 Jan 2006 13:56 - 194 of 222

guys get in NOOOOOOOOOOOOOWWWWWWWWWWWW!!!!!!!!!!!!!!!!!!!!!!!!!!

driver - 27 Jan 2006 16:00 - 195 of 222

I'm back in on these as of today from a two year absence I think I sold at 85p when they were on their way down, they seem to be now on a strong road to recovery.
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