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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.

SueHelen - 30 Dec 2003 10:21 - 41 of 1449

Notable LEADERS today include Warthog, which rose 36.3% to 3.75p despite today posting a first-half pretax loss due, it said, to difficult conditions in the industry. The company said it faces a challenging period ahead. Revenue for the half year to end-September was 4.95m, down from 5.4m but exceptional provisions of 2.2m led to a pretax loss 2.6m compared with a profit of 134,000 last time.

SueHelen - 30 Dec 2003 10:48 - 42 of 1449

Price 3.75-4.5 pence now, up 50%.

SueHelen - 30 Dec 2003 10:54 - 43 of 1449

Delayed buys at 4 pence are still coming through - appearing in sell column.

SueHelen - 30 Dec 2003 11:31 - 44 of 1449

Price 4.0-4.75 pence now, delayed buys at 4.25 pence and 4.5 pence levels will be filtering through soon.

xmortal - 30 Dec 2003 11:34 - 45 of 1449

I have a gut feeling this will open higher tomorrow, maybe a gain of 20% what do you think Sue, Do you think there wil be positive momentum for tomorrow in the kwoledge of not so positive company results news and a spread of 13%? So far is up to 54%. Your comments in this query will be much appreciated. thanks

SueHelen - 30 Dec 2003 11:46 - 46 of 1449

80,000 delayed buy at 4.25 pence and other decent buys at the 4.25 pence level.

SueHelen - 30 Dec 2003 11:47 - 47 of 1449

I very much think so xmortal. I think the price could finish on a 100% gain today with a further 50% gain tomorrow. Momentum and speculators will help with the gains. There is not much resistance until 11 pence too.

SueHelen - 30 Dec 2003 11:48 - 48 of 1449

Where the price was yesterday and the past few days at 2.5-3 pence was purely because a fund manager was selling their holding. I got in then at 2.85 pence and started this new thread as the dropped seemed way overdone.

SueHelen - 30 Dec 2003 11:50 - 49 of 1449

I have used Investtech since my purchased and I have been ok since. They indicated horizontal development which happened and now the big surge. After today's close the indicators may become positive too which will entice more buyers tomorrow.

SueHelen - 30 Dec 2003 11:50 - 50 of 1449

Delayed buys at the 4.5 pence level coming through now.

xmortal - 30 Dec 2003 11:54 - 51 of 1449

barking days ahead at least till tomorrow, the volume is buy all the way and have passed 2mio so far. Will reach 3 mio by end of today i think. keep fingers cross.

SueHelen - 30 Dec 2003 11:55 - 52 of 1449

Couple of 50,000 buys reported at 4.5 pence as well as other decent size buys.

SueHelen - 30 Dec 2003 11:57 - 53 of 1449

Trades are delayed by an hour so the actual volume will be much higher.

SueHelen - 30 Dec 2003 12:00 - 54 of 1449

760,751 at 4.09 pence looks like a buy from an hour ago.

SueHelen - 30 Dec 2003 12:13 - 55 of 1449

Price 4.25-4.75 pence now.

SueHelen - 30 Dec 2003 12:14 - 56 of 1449

Price 4.25-5 pence now, should see some more good delayed buys at 4.75 pence this time later.

SueHelen - 30 Dec 2003 12:26 - 57 of 1449

From earlier:

But on the upside, PC and PlayStation games developer Warthog was a strong
feature, jumping 22 pct in value -- a rise of 0.62 pence to 3.37 -- as news
of a plans to create a co-operative relationship with an intellectual
property (IP) owner and open an office on the West Coast of America offset
news of provision-laden first-half losses.

Warthog said exceptional provisions of 2.2 mln stg caused the group to
generate a pretax loss 2.6 mln stg, compared with a profit of 134,000 stg in
the year-earlier period.

xmortal - 30 Dec 2003 12:29 - 58 of 1449

I bought some at 4.75, lets see what happens tomorrow. Again, gains will be mainly for short term.

SueHelen - 30 Dec 2003 12:44 - 59 of 1449

Price 4.75-5 pence now, should see some MM buys.

SueHelen - 30 Dec 2003 12:46 - 60 of 1449

Buy orders filled at 5 pence and the price 4.75-5.5 pence now.
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