Blimey, I was lucky to make a profit out of this one!

Only about 14 quid though but I'm glad I sold out at just over 17p

I thought I would take a look at how TAD was doing & it's under 11p!!!!!

What the heck happened????????

I've read some of this thread since it started dropping but that doesn't explain it.

Dont forget Snappy is short!
So he is jumping on the bandwagon here. Making the most of someone's forced sell off.
As soon as the details of the aquisition are made public then people will understand why this deal is a no brainer.

M

Posted by UGL on another BB but sums up the situation IMO.

Lets look at the givens - Is it Tadpoles fault if someone decides its time to cash in 9million shares - NO

From the RNS - Stream Theory had revenue of $1.6million

Add on the $9million from the japco deal and multiply by a PE ratio of 10 and we get an added value of $106million for a cost of $25million.(and a PE of 10 is conservative for a fledgling tech company)That would more than triple our current market cap.

Also bear in mind the Cap of $150million over the 2 years for stream in this deal. Now why would they cap it at that, if there was no potential to earn anything like that from the deal. Like I have said before no way would they pay out more to Stream than they are likley to earn for themselves, so $300million over the 4 years must be a ball park figure.

$300million would give an annual revenue of $75million and give us a PE ratio of 10 on that - $750 million and that is for ONE deal.

The most likely candidate for those who have dug around and found something is absolutley phenominal. Largest Japanese Broadband Internet provider.......and sections of broadband service worldwide in many forms and formats.

If you dont think that looks good for the future of Tad that is your perogative...........but I do and am happy to hold.

I am not happy at the lack of news hitting the National Press, but the company fundamentals look good to me.

UGL

ML - I have generally found Snappy's advice to be sound. Stating that a share price is over-inflated does not necessarily mean that you are shorting it. Anyway, I stupidly held when I should have sold - never be too greedy. As for being a no-brainer - there is no such thing otherwise buyers would be queueing up.

Lokk at the trades at these prices, buyers are now queing up!

And Snappy is short from 15p I believe. Is that right Snappy?

M

Yes, short M, but from 18p, prior to the results that I thought would be poor and they were.

Just closed though @ 11p.

Think a small bounce might be on the cards BUT the mm's know exactly what they are doing with this stock, they won't be losing money :-))

Care to say which trade was yours?

M

Someone else thought it was 15p Snappy!!!



maut too - 20 Jul'04 - 15:56 - 75397 of 75400


how did you sell at 18p on the 10th july - it was a non trading weekend day and the price on friday was 14p and on monday 14p - you do have an extraordinary broker or your a liar ... let me see which is it most likely to be lol at snappy the liar :-))

oh I don't take any notice of that nasty ainsoff character over on a competitors site M, he is round the bend imho.

Perhaps you should when he catches you telling porkies!!!
Anyway enough of this topic or Ian will slap our wrists!

M

There's the offer price bounce.

Offer up 2p off todays low, bid up 1p off the low.

No M, he said I could not be short because I didn't start a thread on the subject at the time!!

As you say enough as I am bored of Tadpole now that I hold a neutral position again.

See you at the EGM?

How will i know its you, will you have a camera?

M

Yes I hope to capture a bit of chair shuffling and angry exchanges at the board on camera, which I sadly missed at the last EGM.

Should be a fun day out, will it be London or Cambridge?

It will be in London. Contrary to popular opinion there was no chair throwing or tantrums, your mate Ollie was not there, he didnt have the balls for it.
Will you i wonder?

M

If it is before October I will try my best to get there.

LONDON (SHARECAST) - Shares in mapping and business software group Tadpole Technology have been under pressure since it announced the acquisition of California-based Stream Technology two weeks ago.

Tadpole is to buy Stream, a specialist in streaming games technology, for an initial consideration of $25m in Tadpole shares at a strike price of 15.75p.

Lack of information about the deal may be one of the reasons for the recent weakness, but a detailed circular spelling out the benefits is apparently on the way in the next few days according to sources close to the company.

Moneylender when using PE ratios u should be using EPS, Profit not revenue. Stream are not in profit.

I think they/we will be with a $9M deal with a Japtelco

M

pach
snappy was saying this wasn't worth 6p a year ago if you say the same thing long enough you are bound to be right some of the time.
I do find it tiresome that people do not understand the mechanics of this deal and state that when the shares get issued who is going to buy them. The chances of 90m shares initially being sold if the deal is voted through is highly unlikely as there will be a lock out period of at least 6 months but most probably 2 years imo and if Tad keep on doing the deals they have been doing for ETI recently we will look back and say this was unbelievably cheap today, imo.
One only has to look what MCI are saying about ETI to realise how good the MCI deal is and when that feeds through to the bottom line in the finals we will never see these prices again

Tadpole Technology (TAD) Add (unchanged)
Mkt cap: 54m Net cash: 0m Trading update Price/Target: 18p/20p
Microsoft adopts AppExpress technology
Investors have long believed that Microsoft would eventually adopt TADs
innovative peer-to-peer technology and today that contract has finally been
signed; an excellent endorsement of the product.
Microsoft will use Tadpoles AppExpress applications to stream trial
versions of consumer software products to potential new customers over the
Internet. However it must be pointed out that the initial value of the contract
is based upon customer usage of the software, up to an amount of just
$100,000. Nevertheless this is an impressive endorsement of the product. The
road to this deal was paved last November when the Endeavors division
which develops AppExpress achieved Gold Certified Partner status with
Microsoft.
AppExpress enables the rapid deployment of software to desktops while
providing strong licence management control, vital with the levels of piracy
now threatening Independent Software Vendors (ISVs). AppExpress has
proven successful as a trialware solution as well by allowing those ISVs to
run full-product try-before-buy campaigns that have the added advantage of
monitoring application usage and anti-piracy controls.
Microsoft joins another large US software supplier, Autodesk, as champions
of Tadpoles on-demand technology. For over a year, potential customers
have been able to log on to servers of Autodesk in the US and receive full
versions of AutoCAD 2005 trialware to their desktops, powered by
AppExpress on-demand delivery technology. Following this success, in
April this was extended to Autodesk subsidiaries in Europe, the Middle East
and Africa.
AppExpress is now showing itself to be a sound and repeatable model for
ISVs looking for a piracy-free, trackable solution of putting full product
software in the hands of prospects in the shortest time. It reduces evaluation
software costs by eliminating the process of burning and shipping trialware
CD-ROMs to customers. For example, Autodesk has estimated savings of up
to $10 per unit by cutting the physical medium out of its business process.
With two industry giants, Microsoft and Autodesk, now using it we expect
many other ISVs will follow suit and the chances of it become an industrystandard
method of trialware delivery are much increased. On that basis,
although we stress that these are yet early days for Endeavors, we believe
there is good potential in AppExpress and are maintaining our Add
recommendation.
$100,000 contract
Thumbnail of AppExpress
Previous AppExpress champion was
Autodesk
Benefits of AppExpress
TADPOLE TECHNOLOGY
FROM 16/6/03 TO 16/6/04 DAILY
JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
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HIGH 25. 75 2 6/ 1 /04 LOW 7 .25 19/ 6/03 LAS T 18 .25 Source: DATASTREAM