Thought it was quiet on advfn this morning.
Would be nice to see less spam.
Guru 1 1/4

hi Guru 1 1/4

Couldn't agree more, but i am sure that the morons will follow where ever there is sensible discussion.

but for the moment we an look forward to good news in peace.

M

Hi guru ...... trading is quite brisk on Tads and they are holding their opening price in a crap market



ains

In October, seven top financial services firms formed the Financial Services Instant Messaging Association (FIMA) to push vendors to develop IM standards. But FIMA co-chairman Ursula Mills said she did not expect the use of consumer-oriented services to stop anytime soon.

"Many of the customers want to use the product of their choice," Mills said. "If that's AOL, Yahoo! or MSN Messenger, then that's the product we want to use."

There seems to be a lot going on in the background but will be nice to see something surface at the time of accounts - was hoping for a date today.

Ticked down with the market now albeit quite a delay between the trade and the mm move - now all playing follow my leader


ains

MLSB have ticked back up - I am still convinced the mm's are short

ains
If I were Tad and I knew a large shorter was in the market and was worried about having to buy the shares back by a week tomorrow I'd be inclined to delay the results a day or 2.
Guru 1 1 /4

Isn't tomorrow technically the 120 day deadline from the end of the reporting period - i.e. September 30...?? And even if the 120 days are interpreted as 4 calendar months, TAD still has to issue results by the end of this week.


T22

T22
Accounts have to published within 6 months and submitted within 120 days.
My interpretation of that is the LSE has to have the accounts by the dates you have stated but Tad have a further 2 months to publish them. imo
Guru 1 1/4

Guru 1 1/4,

I thought the 6 month period related to the publication of the Annual Report with the audited results rather than the release of the prelims to the market via an RNS.


T22

End of the week is the time - they do not have to pre announce although I do expect them to do that soon.

Have a look at the mm action today - it's very clear they are playing around - they want and need stock.



ains

Interesting day - opened down and despite mm's moving around on the bid to encourage a few sells they were reluctant to move the offer and we closed as we opened effectively. Despite the heavy market falls there was no sell off and even assumming all the 100k trades were sells the nett result was 4:5 in favour of sells.

No new news but we await an announcement on the results.


ains

Good luck to all you.
In this new(Mine)Era of "Bon Accord" Viva La France!:-)
Still short from 15.The Pressure,the pressure.
Its a shame but i think TADS Day is done.We have to rebuild Mamon With some new names.
Charts and MM statements really don`t assist here nor the daily L2 micro movement.
Any sign of Rodspotty,8Para/Lisa Simpson???

Posted by Nildes on 3i's


As I said earlier today, there's somwhere between eight and twentyfour million shorted shares which must be accounted for at some point.

We know it aint GEM and we know that some were rolled over last week and from the despration we now see, we know that the last roll of the dice for the shorters is to try and scare peeps with the results and they're going to have to try very hard.....because we also know that results will be better than we expected before the Hardware disposal.

We know that having gotten rid of a side of the business that was burning cash plus having downsized on offices and inventories and staff, cash burn is much reduced.

We also know that there is an influx of funds from the HW sale with more due.........So yes, OES was right, results will be better than expected, the rest is just a stick he's poked into a wasps nest to try and stir up the debate a bit.....shake some of us investors out of our complacency ;-)

Yep, the economy is going down the pan.
Yep war will resolve nothing.
Yep the innocent will suffer.
Yep TAD will come up smellin of roses despite everything the shorters can throw.
Yep I'm still holding ;-)


Yep., I think I can smell burning & its not me ;-)
Nildes

this share, like LGD a few weeks ago, must be on the verge of a quick rise or immediate demise. the delay in disclosing results (or even a date for results) which the co said in dec wd be published before end 2002, is obviously disturbing.

moneylender/ainsoph - you suggest results will be this week - what is your basis (other than hope) for this suggestion.

if shorting is your explanation for the recent price collapse, what evidence do actually have that shorting is possible in this share, or that it has actually occurred?

as i say, the share is at a price which cannot last - either sharply up or oblivion to follow soon i think. so what are the FACTS??

To comply with LSE rules they have to produce results this week.

M

RNS Number:7424G
Tadpole Technology PLC
28 January 2003

Tadpole Technology plc "The Company"

Preliminary Results For The Year Ended 30 September, 2002



Highlights of the Year:


* Tadpole sells Hardware Division, becomes a focused Web software developer
and enabler

* Software business grew 24%, margins improved 50%

* Loss of #6.6 million (2001 - #7.2 million) before goodwill amortisation
and currency exchange ahead of market expectations

* Cartesia subsidiary strengthened its strategic business alliance with
ESRI, won multi-million pound ESRI-based project with UK mapping agency
Ordnance Survey to help build and maintain the digital face of Britain

* Endeavors Technology subsidiary wins early contracts, including Mitsubishi
Motors of America; introduces new on-demand applications distribution
solution, develops new solution for secure interoperability of popular
instant messaging (IM) platforms used in the enterprise

* Outlook - Group has sufficient financing facilities to support current
business plan and strategy, Cartesia expected to be profitable by end of
current year, Endeavors intellectual property remains a strong foundation on
which to develop the Group's business

Bernard Hulme, group chief executive of Tadpole Technology plc, comments:

"The past two years has seen Tadpole invest strongly in developing its software
capability. We believe that the quality, value add and early return on
investment that these innovative products can now bring to customers enables the
Group to look for notable progress in fiscal 2003."

ends

CHAIRMAN'S STATEMENT

Introduction

This year's Annual Report marks the evolution of the Group into a focused web
software developer and enabler. The sale of the hardware division, announced on
7 October 2002 and concluded on 23 December 2002, completes an important phase
of the Board's strategy to transform the Group's business activities from
hardware to software. Our challenge now is to deliver a return on the software
investments.

Trading performance

The trading results for the year ended 30 September 2002, together with prior
year comparatives, disclose separately the performance of the "continuing
operations" (Cartesia and Endeavors) and the "discontinued operations" (Tadpole
hardware).

Turnover in the hardware division declined 36% to #14.9 million. Prior year
revenues included an $8 million low margin contract with a large customer.
Operating loss before goodwill amortisation and foreign exchange remained stable
at #0.5 million. The goodwill of #3.8 million includes an impairment of #2.9
million in connection with the disposal of the hardware division after the year
end.

Turnover in the software businesses, principally Cartesia, increased 22% from
#1.5 million to #1.8 million, while operating loss before goodwill amortisation
and foreign exchange reduced from #6.7 million to #6.1 million. Endeavors
continued its R & D investment phase throughout the year, with expenditure
focused on product and market development. Highlights of the year for Cartesia
have been its growing partnership with ESRI, the world's leading developer of
core geographic information systems, and new contract wins with Consumers Energy
in the USA and Ordnance Survey in the UK.

The overall operating loss before goodwill amortisation and foreign exchange
reduced to #6.6million from #7.2 million, within the guidance given in the
trading update issued on 7 October 2002.

Net cash outflow from operating activities was almost halved to #4.2 million
from #8.0 million last year, mainly due to the successful management of working
capital in the hardware division.

Financing

At the AGM on 28 February 2002, shareholders approved a proposed equity line of
credit of up to #10 million with GEM Global Yield Fund Limited. The Company has
since drawn down #3.5 million against this facility. In October 2002, the
Company entered into a supplemental agreement, which provided that up to #2
million of the #10 million line of credit would be made available for a period
of six months up to 30 April 2003, regardless of daily trading volumes. Under a
further agreement in January 2003, this period has been extended to 30 June
2003.

The Company expects to make further draw-downs against the facility to fund the
continuing development of the software businesses, particularly Endeavors.

Board

Following the successful completion of the sale of the hardware business, Graham
Brown, who served as president of the business unit has resigned as a director
with effect from today.

Outlook

Following the disposal of the hardware business, the Group now comprises two
enterprise software businesses, Cartesia and Endeavors, which are at different
stages of their life cycles.

After more than three years of investment, Cartesia is beginning to show strong
growth. Revenues for the current financial year are expected to be substantially
higher than in 2002, particularly in the second half, underpinned by a
significant contract backlog, including Ordnance Survey. Cartesia is expected to
achieve a profitable run-rate by the second half of the financial year.

2003 will be a pivotal year for Endeavors as the business moves its focus from R
& D to sales and marketing. With the core R & D investment phase now concluded,
product development expenditure will continue at a lower level with a consequent
reduction in cash burn. The development of partnerships that can provide
channels to market will now be critical to success. The directors believe that
the markets addressed by Endeavors' software products are very large. The risks
in this business remain high, but are commensurate with the potential rewards
that success in the target markets will bring.

Although the Group is expecting to incur an operating loss in the financial year
ending 30 September 2003, the directors remain confident that the Group has
sufficient financing facilities in place to support the current business plan
and strategy.

David Lee

28 January 2003

CHIEF EXECUTIVE REVIEW

Fingers crossed for you lot:-)
I closed my ever so long-short today for a whopping +9!!!(It was dust covered) Just in case i`m wrong..............as if.lol