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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.

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?

StarFrog - 16 Nov 2004 13:13 - 247 of 1449

Saw first advert on TV for the Gizmondo device this weekend. Hope something starts to happen soon.

accord - 30 Nov 2004 14:15 - 248 of 1449

TV adverts are being shown at prime time so with a strong wind behind us and a down hill run, sales should be encouraging.

StarFrog - 30 Nov 2004 16:11 - 249 of 1449

Yes, but does WHOG actually benefit from any of these sales now. I'm totally confused about what is left of this company now. Is it still active or merely a shell?

Chrispine - 30 Nov 2004 16:12 - 250 of 1449

I hope so.. I am running a 50% loss on these.

astonvilla - 30 Nov 2004 23:02 - 251 of 1449

of course it is active...........need good xmas sales to help but far from a cash shell.

iturama - 06 Dec 2004 14:25 - 252 of 1449

TGTL were up over 12% yesterday - to $16. The stock price for the WHOG acquisition was $14.06. Maybe explains the unusually tight trading margin today.

StarFrog - 06 Dec 2004 14:34 - 253 of 1449

Well spotted iturama. That will explain it.

iturama - 06 Dec 2004 14:38 - 254 of 1449

The paper value of the TGTL shares held by Whog is now about $8M. The current market cap of Whog is 1.97M, or +/- $3.82M. There is also some cash in the company. The TGTL shares (and 150,000 of the cash)are held in escrow, for reasons explained in the disposal note, until the first anniversary of the transaction completion.

iturama - 06 Dec 2004 15:48 - 255 of 1449

TGTL is up another 25% ath this moment, to $20. If this holds it will work its way back into the Whog quotes.

iturama - 06 Dec 2004 18:39 - 256 of 1449

The following explains the rise of about 40% in the TGTL share price over the last several days. Many Whog deals marked down as sells today were, in fact, buys. Note the offer price increase from 65 to 80 in the last 45 minutes of trading.



Tiger Telematics Gizmondo Pre-Orders Surge

Online pre-orders take off as TV campaign kicks in


London, 2nd December 2004 Gizmondo Europe Ltd (Gizmondo), subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (Other OTC: TGTL), today confirmed pre-order figures following the first TV teaser campaign, which began airing on terrestrial, satellite and cable across Europe in the last couple of weeks.

Over 560,000 pre-orders have been recorded since the new official website www.Gizmondo.com went live on 29th October. The majority of pre-orders originated from outside the UK, apparently from early adopters trying to purchase units ahead of the US and pan-European roll outs, scheduled for Q1 2005 - further evidence of mounting anticipation across the globe.

Niclas Hermansson, Ogilvy Interactive, says: Online activity has been increasing. Were now recording over 250,000 unique sessions a week on the website, and have had up to 500,000 hits a day. There were over 40,000 unique sessions recorded within two minutes of the first TV ad being aired.

This is a fantastic affirmation of interest in Gizmondo, said Carl Freer, Managing Director of Gizmondo, We believe that realistically at least a half of these pre-orders will move to retail sales as availability in the stores ramps up in each territory. Nevertheless, these numbers bode extremely well for Gizmondo.

The Gizmondo device and its games are currently launching in the UK during the fourth quarter 2004, and in Continental Europe and North American markets during the first quarter 2005. The Company cannot project the ultimate number of orders it may receive for the 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.

About Tiger Telematics and Gizmondo
Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Set to launch in 2004, the gaming device includes built-in music, video, messaging and picture functions and GPS.

Tiger Telematics 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 subsidiaries.

www.gizmondo.com
www.tigertelematics.com

For further information please contact:

Global Media:
James Beaven
Indigo Pearl
For and on behalf of Tiger Telematics, Inc. and Gizmondo Europe Ltd.
+44 208 964 4545

Michael Carrender, CEO
Tiger Telematics, Inc.
+1 904-279-9240

m100 - 07 Dec 2004 08:49 - 257 of 1449

well in anybodys books 560,000 pre orders cant be wrong?

StarFrog - 07 Dec 2004 10:07 - 258 of 1449

Shame they are not rolling out in the US ahead of the christmas market. Still, at least a staged roll out will ensure a continuing stream of orders. Can only be good news.

iturama - 07 Dec 2004 10:10 - 259 of 1449

The /Euro earnings will be worth more per unit at this stage. The volume will be in the US. Be interesting to see the price when the NYSE opens.

StarFrog - 07 Dec 2004 13:28 - 260 of 1449

Some large volume buys going through today. But with such a low price its hard to say whether this is MM activity or Joe Public? At least it keeps the stock active and in the investor's eye!

iturama - 07 Dec 2004 14:17 - 261 of 1449

The P/E ratio and earnings per share for Tiger Telematics makes interesting reading!
http://www.pinksheets.com/quote/quote.jsp?symbol=TGTL

iturama - 07 Dec 2004 15:16 - 262 of 1449

TGTL already up another 6% in early trading. There must be a mistake with those earnings numbers. Too good to be true. Perhaps they are stating next years numbers! LOL.
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