http://www.warthog.co.uk
Daily Execution Price and Volume

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.

if you read the warthog, gizmondo websites, analysis, previous posts plus tie in with TGTL etc then yes they will be "some thing" - they are currently in the US exhibiting the product.. at c1.7p are very cheap for the small investor

these may be of interest..

http://news.bbc.co.uk/2/hi/technology/4148473.stm

http://www.cesweb.org/press/new_products/rd_new_products_search_results.asp?prodcat=5&page=1&submit1=Get+New+Products
http://www.cesweb.org/press/new_products/rd_new_products_search_results.asp?prodcat=5&page=1&submit1=Get+New+Products

http://www.cesweb.org/press/new_products/rd_new_product_details.asp?prodid=5218

why are there so many people concerning themselves with the day to day price of TGTL..........theres a clause to when they can sell the shares.........need to concentrate on the fundamentals of the company.

surely as WHOG own shares in TGTL the day to day price is relevant as is where it will be in a years time when WHOG could sell the shares. It is an asset and as far as i can see just about the only assett they have got.I think when you take the number of shares whog own and value that assett their current share price is very low(IMO.

Fact is that the Whog share price is (almost) directly related to the TGTL price. While you can't trade TGTL, you can trade Whog.
Potential problem, despite the premium, is that TGTL is now valued at + 1 billion dollars and it still has to enter the market with its product. But US stocks are running ahead of themselves generally. There will be a correction, sooner or later, before TGTL moves ahead again on merit rather than speculation.

am i right in thinking that whog (on current TGTL share price) is worth roughly 2.5p taking in the exchange rate?

Peadar, if you scroll above to 23,12,2004 to Sue helens post, she copied the article from the Daily Mail dated 6th November 2004 , which say`s that after TGTL bought Warthog`s subsidaries etc.. WHOG aquired TGTL shares which were valued at around 3p per share.

Take into account that then TGTL shares were worth around $14, makes you wonder the true share value of WHOG, i bought 100000 @ .88 and im waiting for feedback on the Gizmondo.(tempted to take profit though).

There is also an article in Todays Mail (6.1.2005) page 70.

The basic`s are WHOG have just under 600,000 cash balance.
The near 500,000 TGTL shares are now worth 8.2 million- well above Warthogs market capitalisation of 5.6 million .

To those wondering why we follow TGTL shares, hopefully the above explains.
Good luck all.

Peadar...........my point is dont worry too much about the TGTL share price unless you are in to take profit short term. The most important aspect is Gizmondo sales and how they are perceived. If positive then link this into the TGTL share price. TGTL has given WHOG a life line.........a nice tick up today........my thoughts are this will not take off yet just hover around the 2-2.5p for the next few months........any other thoughts?..........by the way I bought in March 2004 at 2.5p approx.

I agree. It will probably take a while for the sales figures to feed through, and up until then there'll probably be a tapering-off of the price. Good thing is TGTL doesn't have to sell an enormous amount for the Giz to be successful, as its competitors- the PSP and Nintendo DS- are from much larger corporations and are expected to shift much larger numbers.

thanks cosworth. villa couldn't agree more. chad as tgtl is valued at 1 billion dollars, from what i can see largely on optimism surrounding gizmondo, my guess is that it will have to be a big seller, though i am concerned that the product is to expensive to shift many - what do you think have i got it wrong
thanks again everyone

I agree Chad and Peadar............the crunch for me is when I break even...do I jump ship or stay.....having said that the real crunch is to break even first....

strewth! only 8:26 as well wheres that buy button ?

22 Dec'04 - 10:33 - 348 of 397 edit



IMO -"Price looks good, as you could pay this amount just for phone!dont know how good the phone is ( still back with an olympus trip mentally!)I think it just about makes itas a phone,PDA and its ability to download films without the rest

given the previous posts re tgtl etc and c 3p would suspect this to drift higher CES show is on 6 - 9th Jnauary
http://www.gizmondo.com/news/item.asp?id=167

Visitors to gadget Shangri-La, the Consumer Electronics Show, taking place 6-9 January in Las Vegas, will be the first people to see a live demo of Colors, the highly anticipated GPS-based urban warfare game, created specially for the Gizmondo. In addition, they'll also be able to see both upcoming titles Richard Burns Rally as well as 80s classic Trailblazer.

Also being shown is AltioLive business software running on a Gizmondo. Using the device, AltioLive enables you to broadcast high-impact, time- and information-critical applications, such as stock trading, price checking and inventory, to a mobile device, live.

Of course, messaging, video and music playback, Bluetooth, other games and the endless array of Gizmondo functions will also be there to see, at the product stand (the Innovation Plus section in Central Plaza - #70037), as well as at the Microsoft stand (#7145) and the Nvidia stand (#353111).

"We are extremely proud of the line-up being exhibited at this year's CES," commented Gizmondo MD Carl Freer. "We fully intend to challenge people's perception of what is possible from a mobile entertainment device, and better still, were going to show them."

Shares are now fully valued against TGTL, based on the sell value of TGTL and the Whog spread. Small buyers are now paying a lot more than face value. The 2005 Pet?

given the valuations of c3p then 2.4 is less than this? - in the big picture they have a Consumer product that looks like it will do well - hence the interest in the share and the current upsurge towards 3p - or have I got it wrong?

cant follow your logic iturama. have not redone the sums but the TGTL price has gone up significantly since there was c3p a share value in WHOG's share holding. Other than bad press on the GIZ i cant see why there is not more upside to be had

Willfagg.
Whog mkt cap based on buying price is now over 8M. TgTL shares are fully valued (today) at 8.4M . The margin is therefore less than 5%, which is less than the Whog buy: sell spread. Therefore Whog is now fully geared to the TGTL stock price. Note also that the buy price will drop dramatically should there be any sizeable selling, due for instance, in a stall in the TGTL price, or a significant weakening of the dollar. Buying is the easy part, selling at the right time is more difficult.
Note that there have been quite a number of small buys, of a few thousand shares, at today's price. In many cases the trading costs are equal or higher than the investment. Very risky. We all hope the TGTL price keeps rising steadily but is has more than doubled in a couple of months and I'm not sure if a single unit has been delivered yet. Anyone seen one?
I bought in well below a penny, so I sit easy, but small new buyers need to be very cautious, IMO!

I bought in at 0.8 and again at 1.1. Ive just sold two thirds of my stock for 2.35 but i cant sell the rest til monday. Im still wondering whether or not to hold on to it just in case the giz does take off. Thought that now was a good time to sell though, considering the almost full valuation. Everything now depends on how successful (or not) the giz is. Right now though im a happy man. Cheers all, and good luck.

Willfagg.
See my point? TGTL down in the US - immediate effect on Whog. Doesn't help that NY closes later than London.
Chad.
You made a tidy profit. My advice would be to hold what you have. You won't be able to buy cheaper than you did.