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Warthog Looking to the future !!! (WHOG)     

SueHelen - 23 Dec 2003 17:29

http://www.warthog.co.uk
Daily Execution Price and Volume
big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=1&maval=10&ubig.chart?symb=uk%3Awhog&ma=1&maval=50&ubig.chart?symb=uk%3Awhog&ma=1&maval=200&
Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.

The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

emailpat - 18 Oct 2004 00:57 - 227 of 1449

hlyeo98 - 18 Oct 2004 22:05 - 228 of 1449

The Bollinger curve is turning positive - strong buy

hlyeo98 - 19 Oct 2004 13:58 - 229 of 1449

Up again - 1.675p now...up and up it goes

accord - 26 Oct 2004 08:42 - 230 of 1449

so ..... whats happened to these then ???????

StarFrog - 26 Oct 2004 13:13 - 231 of 1449

Profit taking.

StarFrog - 26 Oct 2004 13:17 - 232 of 1449

Still more buys than sells .... thats got to give you some confidence.

accord - 26 Oct 2004 16:19 - 233 of 1449

Typical isnt it when you buy them at 1.1p, see them go up to 1.6 then drop down to 1.1. Anyway, not after a quick profit, so will see how this one pans out.

StarFrog - 26 Oct 2004 16:45 - 234 of 1449

accord - you think you've got problems. I originally bought these at 14p, then topped up at 7.5p and at 3.5p then the rights issue at 2p and eventually a whole bunch at 0.37p. But like you, I'm not looking for a quick profit. These had potential when I bought the first tranch. It may take a year or so more, but there is no reason why they shouldn't get back up to 20p and beyond. Lets hope for good games sales at Xmas. Stay lucky!

hlyeo98 - 27 Oct 2004 07:43 - 235 of 1449

It will be sparkling during X'mas.

hlyeo98 - 04 Nov 2004 08:43 - 236 of 1449

What is WHOG dropping???

StarFrog - 04 Nov 2004 09:36 - 237 of 1449

hlyeo98 - I wouldn't worry too much. The sale of their subsidaries to Tiger Telematics looks (on the face of it) a good deal and provides future financial support. What we are witnessing at the moment (I hope) is a little bit more profit taking on the back of the last little rally. But look at the volume levels over the last few days. There are still more buyers than sellers. Maybe the big boys are stocking up waiting for the big return when the new Gizmondo device goes on sale later this year in time for Xmas (and Q1 2005 in the US). I would guess that late december into Q1 2005 will be the time that this share begins to move north with more pace than Scott and Admundsen. At least, I'm hoping it will. This stock is my biggest loser to date but has the potential to be one of my biggest winners. I'm not overconcerned at the moment - but then again, I'm rubbish at this game!

Stay lucky - keep the faith.

PS the proposed new name change of the company could help. Disassociation and all that jazz!

StarFrog - 04 Nov 2004 09:41 - 238 of 1449

See also ARUCHUNA's thread on WHOG posted on Wed. Not sure where they got the idea that the company was going to become a cash shell. I've interpreted their last RNS as a selling of subsidaries only.

accord - 04 Nov 2004 16:51 - 239 of 1449

Warthog PLC
03 November 2004


WARTHOG PLC


DISPOSAL OF SUBSIDIARIES



The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.


Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.


The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.


The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.


Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.


The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.


As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.


About the Gizmondo device


The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.


The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.


Further information on TGTL, GEL and the Gizmondo device can be found at:



www.tigertelematics.com



www.gizmondo.com



Enquiries:


Ian Templeton

Chairman - Warthog plc

Tel: 0870 122 5420



3 November 2004


hlyeo98 - 05 Nov 2004 10:55 - 240 of 1449

Buy on weakness. This is a cashshell.

Alleycat - 05 Nov 2004 20:45 - 241 of 1449

Warthog has become an investment company with an undiversified portfolio of one holding.
It retains its brought forward tax losses which may eventually unlock some value.
For what it's worth, I value it at 0.87p without anything for the tax losses, and will probably hold through the current volatility, leaving the day-punters to slog it out with the MMs - 3 guesses who'll win out there!
The new Tiger console might just be a winner. (Hogs might fly?)

SueHelen - 06 Nov 2004 18:23 - 242 of 1449

Daily Mail Newspaper today : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

hlyeo98 - 08 Nov 2004 08:24 - 243 of 1449

Price is shooting upwards

SueHelen - 08 Nov 2004 18:08 - 244 of 1449

Press mention : will appear in tomorrow's Daily Mail Newspaper.

Warthog gained 0.17p to 0.8p as dealers suggested the stock could be a good recovery punt.

http://www.thisismoney.com/20041108/nm84435.html

accord - 09 Nov 2004 09:06 - 245 of 1449

Warthog PLC
09 November 2004



Warthog plc (the 'Company')

Holding in Company


The Company was informed on 8 November 2004 that Gizmondo Europe Limited ('GEL')
has ceased to have a notifiable interest in the Company's ordinary share
capital. GEL's previously held interest was owned through the registered holder
Broughton Limited.

9 November 2004

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

StarFrog - 10 Nov 2004 11:18 - 246 of 1449

That last RNS note is worrying. I was under the impression that Gizmondo Europe were buying shares in WHOG as part of their teaming up to launch the Gizmondo device this quarter. It had already been agreed that WHOG would be one of the first games developers to write games for the new device and so it seemed natural that GEL would protect their interests by buying into WHOG. The previous RNS note (3 Nov) said that Ashley Hall, Steven Law and Simon Elms were leaving the company and transferring to Tiger Telematics (the parents/owners of Gizmondo). These guys are (were)the CEO, COO and CFO of WHOG respectively. Their departure leaves no executive directors behind - yet they still state that this is in the shareholders interest. How can this be? They are also suggesting a new name for the company (to disassociate it with its past?).

Maybe WHOG will be reversed into by another company. If so, the sp could rise. I would hope that to avoid legal problems and shouts of foul play, any M&A activity should result in a share price of no less than the recent rights issue price (2p).

Any comments?
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