A new thread that may swim in hibernation for a few days or weeks as the process of evolution takes place ......

Imagine a slimmed down debt free company with one division stacked with orders and self financing with cash in the bank.

Then imagine a partner for the other division with pockets so deep that they could fund a rocket to the moon ..... and back

Dreaming of course but Tads can do that to you ..... what a gem or is that a bygone dream as well .....


ainsoph


We started the day at 4.75p mid - risk grade 583 - currently 6p - spamming posts 63 out of 140

(superrod Squelched)

Tadpole Technology plc

Interim Results for the period October 1, 2002 - March 31, 2003

Overview and Highlights

Group completes key phase of strategy to become an enterprise
applications and software company following disposal of hardware business

Operating losses before goodwill impairment and foreign exchange
movements reduced to 2.6 million (2002 - 3.2 million)

Cartesia order book at March 2003 10 times that of previous year; further
exploits its strategic alliance with ESRI and ESRI partners and is expected
to be profitable at FY/03

Endeavors makes solid progress in product roll-outs and early adopter
implementations; forward business activity now focused on marketing
server-to-desktop applications on-demand technology and instant messaging
(IM) products bringing security, interoperability and central audit trail to
mainstream IM platforms

Group continues to exercise tight control over cash burn; early
conversion of promissory notes from sale of hardware business reduces
likelihood of further draw downs from GEM equity line of credit

Following business reviews and refocusing of software companies, Board
looks to the future with confidence and delivering value to shareholders

Notes
-----

1. There is no mention of 10M turnover all it says is order book 10 times that of last year but does not say what order book was last year and for how much.

2. Gem is still in place and th likelihood of further draw downs is reduced. This is not the same as 'Gem is no longer needed'. If the company was so secure why were the heavy drawdowns earlier in the year necessary and then a further issue of new capital at discount to market price to directors and select investors.

Sorry but I have to take all of this with a large pinch of salt. Until this company can turn a profit and stop relying on shareholders for working capital requirements it will always be a volatile high risk play. Oh and I quite frankly don't beleive they will turnover 10M this financial year. I would be very surprised if it was as high as 5M.

Snappy
I take the 10 times last years order book to mean they have orders for 10 times 1.6 million which is what they turned over last year.
EBG forecast 4.9 million this year and 7 million next year.
Seems to me there is every chance they will do 10 million, especially when os alone will contribute 3/4 million this financial year.
Smithy555

superrod - 13 Aug'03 - 21:54 - 642 of 644


how on earth does olie get away with the shite he posts here and elsewhere. cant all be down to a L2 sub surely?
77777777777777777777777777777777777777777777777

nasty 4 letter word there RatHead, The Chief Scout would NOT be impressed.

which 4 letter word was that dolly?

DOES?
AWAY?
WITH?
HERE?
CANT?
DOWN?

cant spell and count.

take more water with it

oops

missed one

OLIE

superrod - 14 Aug'03 - 20:31 - 646 of 647 (rat-arsed)

yaaaaaaaaaaaaaaaaaawn

ainsoph - 23 May'03 - 13:32


A new thread that may swim in hibernation for a few days or weeks as the process of evolution takes place ......

Imagine a slimmed down debt free company with one division stacked with orders and self financing with cash in the bank.

Then imagine a partner for the other division with pockets so deep that they could fund a rocket to the moon ..... and back

Dreaming of course but Tads can do that to you ..... what a gem or is that a bygone dream as well .....
ainsopist
----------------

superrod - 15 Aug'03 - 20:34 - 649 of 649
yaaaaaaaaaaaaaaaaaawn

66666666666666666666666666

YES QUITE!!!!!!!!!!!!

Smithy555:

What orders? From whom?

Sorry guys, this is a bust IMHO. All smoke and mirrors.

It did ... all the way to 5p.

hahahahahahahah
end of thread-snagged!!!!!!!!!!!

lol

Sequestor,

exactly what is your contribution to TAD, other than throwing personal abuse at others? Either contribute or leave the BB.

Thanking you in anticipation.

This thread is fast turning into the old one (minus the completely unnecessary running commentary on the intraday price and trades of course)

My two bits: I don't think they should have let the hardware division go. The new 650SX Sparcle laptop looks good for its niche market.

Also a great write-up on it from Paul Taylor in the FT today.

MM
maybe so but LOW margins and all the aggro that comes with guarantees and maintenance.when you invest in a co like tad you need to trust that the management ( whatever happened to hale and pace)? knows what they are doing.

superrod: trust the management? I have to say that my experience of investors suggests that that is the last thing they do. At least with VCs.

And I am well aware of the fundamental differences in the hardware and software business models: hardware decays and breaks and requires physical transportation and replacement -- software is decayed and broken as soon as it's delivered but has the merit of being capable of virtual delivery, even if it's never actually fully fixed.

MM

MM

What about the potential markets for the Tadpole software products (ignore the Hardware that's history)

Personally I think this company is totally overvalued given their turnover and the competition in the spaces they are trying to compete in. The balance sheet stinks and they have nothing to fall back on after the GEM agreement ends, unless of course it is renegotiated which wouldn't surprise me.

why does everyone ignore the MS endorsement? this is "must have" software imho. the sales team needs to get off its arse.

The MS "endorsement" is meaningless and worthless. If Microsoft thought this was worth anything they'd either (a) do it themselves and walk all over TAD or (b) have bought them by now. You could cling on to the hope that (b) may occur. Don't hold your breath.

What sales team?

MM

MM
so why did they bother endorsing it?
as for point b) maybe if you know you have a goose that lays golden eggs you dont SELL IT