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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 - 05 Mar 2004 09:09 - 161 of 1449

RNS Number:8725V
Warthog PLC
26 February 2004


Warthog plc (the "Company")

Holding in Company

The Company was informed on 25 February 2004 that 3i European Technology Trust
plc is interested in 13,500,000 ordinary shares of 1p each in the Company
("Ordinary Shares"), representing 4.93 per cent. of the Company's current total
issued ordinary share capital of 274,041,444 Ordinary Shares. The registered
holder of these Ordinary Shares is BNY (OCS) Nominees Limited a/c 3iET.

26 February 2004



This information is provided by RNS
The company news service from the London Stock Exchange

END

SueHelen - 05 Mar 2004 09:10 - 162 of 1449

RNS Number:0855W
Warthog PLC
03 March 2004

Warthog plc (the "Company")

Holding in Company


The Company was informed on 2 March 2004 that Hoodless Brennan & Partners Plc is
interestedin 11,500,000 ordinary shares of 1p each in the Company ("Ordinary
Shares"), representing 4.20 per cent. of the Company's current total issued
ordinary share capital of 274,041,444 Ordinary Shares.

The Company was further informed by Gartmore Investment Limited on 2 March 2004
that Goldman Sachs Prime Brokerage is interested in 11,348,709 Ordinary Shares,
representing 4.14 per cent. of the Company's current total issued ordinary share
capital. The beneficial owner of these Ordinary Shares is Gartmore Ltd Issue UK
Small Cap Fund.


3 March 2004


This information is provided by RNS
The company news service from the London Stock Exchange

END

SueHelen - 05 Mar 2004 09:10 - 163 of 1449

I do not have a position in these at the moment but may have another look at these again in April 2004.

SueHelen - 29 Sep 2004 06:05 - 164 of 1449

Press mention : in today's Daily Mail Newspaper.

Warthog added 0.05p to 0.47p. Investors are relieved that the group's dire full year losses were not even worse. Vague speculative interest inevitably alighted on the beaten-down stock. Warthog today revealed that its full year pretax losses widened to 9.24m, up from 790,705 previously, in a year the group called 'the most challenging' in the company's history. The computer games designer said it is still facing an extremely challenging trading environment.

http://www.thisismoney.com/20040928/nm82974.html

SueHelen - 29 Sep 2004 06:06 - 165 of 1449

Results are bad, even bad than expected, but the company is not going bust in the forseeable future and in theory there are at least 3 - 4 positive news items to come (publishing partnerships/ game releases) and lets face it even bad interims will look good after the poor ones from this year - so in theory only positive news to come = rising shareprice.

Imagine if the 'partners' of WHOG had not gone bust, WHOG would be sitting on a profit and most likely somewhere around 20p....unfortunately companies outside WHOGS sphere of influence have been going bust.

A poor choice of partners has turned a profitable company into a loss making one, thats not cash burn thats exceptional.

From September
The projections are consistent with the group's stated aim at the time of its placing and rights issue of developing further its own intellectual properties.

...still on target for original aims of reaching profitability again by 2005

from January (stated aim of placement):
The Directors are confident that with the funds raised
from the Placing the Group is now in a position to become cashflow positive
during 2005 without recourse to further funding.

This is the key statement from Full Year:
In view, however, of the losses sustained management has prepared
projections for the two years ending 31 March 2006 which indicate that the group can continue to trade and to meet its liabilities as they fall due for the foreseeable future. The projections are based on assumptions regarding the
timing and incidence of a relatively small number of projects. Although the
projections incorporate allowance for the cancellation of one project and delay
of others, should further unforeseen delays or cancellations occur these would
adversely affect the group's cash flows. The projections also assume that,
should such cancellations occur, resources can be restructured within a
relatively short timescale in order to enable the group to reduce its cost base.

NAV / Shareholder equity is still 3.5m circa 1.1p a share

...and I also failed to mention the fact that with very little debt and a reduced market cap, WHOG is a very attractive target right now.

I am back in these having purchased some at 0.45 pence this week.....

SueHelen - 01 Oct 2004 00:09 - 166 of 1449

The lowest price will be 'blink and you miss it'...by following all movements and gauging sentiment, finding the floor becomes easier - remember how quickly MM's closed the door when the price began to rise?

The buyer who came in with a 1500000 order on Wednesday had to pay 0.55 when the ask was 0.45 originally.

The volume at these levels is peanuts, if whog was really going bust we'd be seeing 50 - 100m traded in a day as institutions can afford to dump at all costs. Simply downward pressure from a few sellers, which would clear immediately should the company decide to issue any RNS's regarding the 7 games they have lined up.

Anyone interested in charts should look at the 6 month 'skew bands' (anyone can access on Java interactive charting).
it suggests the price is due a rise and looking at the history of previous band fluctuations, has been a good indicator..

The interesting bit is how fast the bands appear to be rising.

Lets not forget to spare a thought for all those who funded at 2p...it looks as though they were lied to with regards the extent of losses - Funding was arranged in Feb/March....year end was March > EVO knew this...

So ask yourself, did evolution beeson gregory lie to the market (given they were privy to all financial information at the time), or do they know something we don't and continue to believe 2p is a fair price for the majority of shares.

SueHelen - 01 Oct 2004 00:10 - 167 of 1449

Despite the spread of 0.25-0.50 pence at close....the real price was 0.25-0.38 pence.

dell314 - 01 Oct 2004 07:47 - 168 of 1449

SueHelen - did you ask Dusseldorf on AFN before you stole his post above and claimed it as your own?

xmortal - 07 Oct 2004 18:19 - 169 of 1449

I had another look today at this and the where some buys, the TI seems keep going up (not the price yet) I will bet on it again tomorrow. Thanks Sue, keep posting please.

ps. Thanks to Sue recommendation I made some dosh the first time I dealt with them a while ago.

SueHelen - 07 Oct 2004 23:08 - 170 of 1449

10 Million BUY reported today at 0.35 pence along with a 2 million BUY at 0.35 pence today.

Online Prices were 0.27-0.35 pence, so those trades were definite buys. IMHO, now is a good time to buy with the price having reached the bottom and consolidated at this level.

SueHelen - 07 Oct 2004 23:09 - 171 of 1449

Hi Xmortal, will catch up with you and with my other stock threads soon...(hopefully over the weekend).

rpaco - 08 Oct 2004 09:54 - 172 of 1449

Checking yesterdays movements the largest 3 were all sells. One of 2M and one of 10M and one of 25.75M. Although the price has moved up to 0.39/0.40 today I canot see why.

SueHelen - 08 Oct 2004 09:56 - 173 of 1449

Re @ my post last night, price up today and a massive buy has come through again.

25,750,000 BUY reported at 0.35 pence from an hour ago.

All trades buys rpaco....trades over 90,000 shares are delayed in reporting by 1 hour and the online prices is another thing you need to look at before making observations.

john50 - 08 Oct 2004 10:25 - 174 of 1449

Good to see you posting again Sue.

SueHelen - 08 Oct 2004 10:54 - 175 of 1449

Thanks John....


Here comes the tick up again....0.35 pence on the bid. More delayed buys will be coming at around 0.40 pence or higher in the next hour. So rpaco, all of them will go in the sell column on moneyam.

SueHelen - 08 Oct 2004 10:57 - 176 of 1449

And another tick up, on the offer price to 0.55 pence, up 20.00%. Though it is possible to get a quote inside the spread of 0.35-0.55 pence.

SueHelen - 08 Oct 2004 11:28 - 177 of 1449

150,000 BUY comes through at 0.39 pence from an hour ago...other buys that will be coming will also go in the sell column like the 150,000 trade as the price has moved since the trade was put through one hour ago.

SueHelen - 08 Oct 2004 11:50 - 178 of 1449

2 Million BUY comes through at 0.40 pence from an hour ago...

xmortal - 08 Oct 2004 13:02 - 179 of 1449

did not get my act together this morning... never mind, there will be others.
Thanks Sue, keep posting in all your threads.

SueHelen - 08 Oct 2004 14:35 - 180 of 1449

I think the 10 million buy yesterday and 25.75 million buy at 0.35 pence this morning has provided the spark.

I'd say that the price is going to be bounced quite alot over the next two weeks. Still have my eye on a 1.00p short-term target.
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