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.

M100.
Anyone who bought 5000 shares today at 2.5p needs a bid price of around 3p just to break even on trading costs. Last time I looked the bid price was 2.10p.
Explain that to those you have been encouraging to buy. I'm sure they will not be comforted by the fact that it will be alright - eventually.
As Hilary most aptly put it on the Sey site- a long term investment is a short term investment that went badly wrong!
The MM's always win and this afternoon was an object lesson in how quickly the market can turn.
I've been in the share since it was 0.6p and I am as greedy for profit as the next but I don't go along with ramping. By all means hold what you have, if that suits you, but I would not recommend paying more than 70% of the par value unless you intend to see it out to the end. There is generally no rush to buy. Waiting for the right moment is the key to making a decent profit.
The way TGTL is shaping up this afternoon, the MM's are going to have another field day on Monday, but that should give a better buying opportunity than this morning.
Assuming you have done your homework, you make more money by selling when others are buying, and vice-versa. Ask Chad.

An old rumour,

Microsoft chairman Bill Gates reaffirmed the company's pledge not to enter the handheld games console market at CES yesterday - but the company may be about to give a major boost to one of the PlayStation Portable's direct competitors.

Industry rumours circulating since before Christmas and enjoying a resurgence at CES suggest that Bungie's massively successful Halo may be on its way to Tiger Telematics' Gizmondo console, joining a number of other Microsoft Game Studios titles already announced for the system.

The console, which offers high quality 3D gaming features as well as GPRS communications, GSM positioning and media playback functions, launched quietly in the UK before Christmas and is expected to arrive in North America around March.

According to gaming blog Kotaku, the Halo deal isn't the only major franchise heading to Gizmondo - with announcements from Electronic Arts and Sega about support for the console expected at CES.

Rumours regarding Halo on Gizmondo first surfaced before Christmas, when audience members at corporate presentations of the device said that salespeople had mentioned that the science fiction blockbuster was on its way to the handheld - a rumour which Gizmondo PR representatives declined to comment on at the time, saying only that the firm was in ongoing negotiations with a number of publishers to bring titles to the device, but that the company "would love" to have Halo on the platform.

This rumour wont go away,if true Giz is a dead cert.There were rumours about Sega until today,when they became fact.The Giz is a direct way for Microsoft to compete with Sony & Nintendo in the handheld market.Its one that it wont win but can throw a few spanners in the works just by backing the opposition.I dont think Microsoft will buy TGTL but it can make good revenue by adding content to Giz.

The real thing we are waiting for is the Giz in the shops.If there were any out there they would be selling for loads of money on ebay.

Anyway im off to go Bungie jumping.

Ta Tar

WTOG share price has caught up with TGTL, down 7% Friday in US. It all depends on whether TGTL share price continues to perform well. Buying WHOG now wholly depends on your faith in TGTL, will it go up or down? Does anyone one have any broker research on TGTL or forecast predictions?

Chad.
As you probably know, each year the dealers have their own bets on the best performing shares for the coming year. I have been given 5 penny stocks chosen by last years winner at one broker. I'm told this guy is highly rated internally. I need to review the companies myself first but should be able to post the first tip on Monday sometime. After that look it up yourself and make up your own mind.
I doubt that any will be as clear a gimme as Whog was while it had the high discount. Now Whog is like any other share - open to TGTL performance and market forces generally. It should continue to move up steadily but nothing like the rate it has over the last couple of months. Potential problem is that many chartists are predicting a sigificant downturn in the DOW in late spring/summer. TGTL may not be immune to that.

Cheers iturama

If, (when) the management of WHOG believe that the TGTL share price has reached a peak, can they not take out option protection against their, (our) investment to lock in all or some of the gain.

After such a jump in the value of TGTL on anticipated results of the Giz surely this would be prudent management ? ahh. I think I see the flaw in this plan :-)

Whog price is more reasonable now.
Chad.
One of the shares picked was Mos International (MOI). It operates in the Oil services business and has gone through some torrid times. It now has new management and has been completely restructured. Latest RNS is that it is running a record order book. It has about 500M shares outstanding and a Mkt cap of about 3,5M.
Snag is that it raised cash last year to cover restructering costs and issued 260M shares at 0.5p in the process. Seems likely that there will be selling of these shares into any significant rise. While the shares might have bottomed, it might take a the full year results to get the price moving. I have put it on my watch list.

All blue at level 2. Looks like it is coming back fast.

Hi Iturama.. can you let me know if Level 2 is still blue as I have noticed the price dipping yet again & I haven't access to L2 just yet. I am watching to see what TGTL does when the Nasdaq opens.
Thanks
Chris

Crispine.
All red. Evo most bearish-1.55/1.80. Rest 1.70/1.95. Price looks ok however. 30% discount is now back. I have topped up another 300k. At current Whog price, TGTL par price is around $20, so the comfort factor is back.

Thanks for that Iturama. I wonder how the Giz was received over the weekend at the fair I guess there will be some news trickling in this week.

I guess we'll know soon enough. I expect Tiger will make some sort of announcement. Level 2 all blue again lead by WINS 1.80/2.05.

Director in WHOG sold some shares.........

It will be interesting to see what the RNS will do to the price.

Since he only sold a fraction of his holding, doubt if it will have any serious effect. Shares were overbought at the time in any case.

Also consider the sums involved. Wasn't a great deal of money. Just over 11k.

The Dow, Nasdaq & S&P futures all up. TGTL will most likely tick back up this afternoon.

he probably sold for them for his winter break any way.......nothing to worry about......ummm just thought 11k for a break is alot maybe he took the whole whog family

responding to
"iturama - 07 Jan'05 M100.Anyone who bought 5000 shares today at 2.5p needs a bid price of around 3p just to break even on trading costs. Last time I looked the bid price was 2.10p. Explain that to those you have been encouraging to buy. I'm sure they will not be comforted by the fact that it will be alright - eventually."
I would expect a small investor to put 4-5K into these shares therefore a 0.1p increase would more than cover their costs, and some profit - if you bought at 0.6 you must be doing okay?
The director who sold his shares did so to take some profit.
Given the up/down of this share and other markets I expect it to head back up again c 2-5-3p. If a person wants to buy thats up to them. They have the same info I have. Shares are a medium term prospect.

Directors also have to consider CGT. They will have a lot next tax year. Better to take some profit before April, as and when the opportunity arises.