Toad have changed their name to TG21 PLC and have also got a new EPIC (TGP).

Major shareholders and the directors' holdings:

Shares in issue: 81.4m 10p Ords
Major Shareholders Amount % Holding
Barclayshare Nominees Ltd 5,995,004 7.65
Sir Christopher Evans 4,569,628 5.83
Carglass Luxembourg Sarl NV 3,639,949 4.65
TD Waterhouse 2,723,980 3.48

Other Directors Amount % Holding
Nicholas Grimond 2,021,739 2.581
Peter Terry Ward 1,579,333 2.016
David A Voss 392,453 0.501
Wilson W Jennings 50,000 0.064
Stuart Arthur Gall 12,347 0.016

Updated Broker forecast (from Seymour Pierce):
..............................................2005 ............ 2006
Broker ........ Date ...Rec ... Pre-tax () EPS(p) DPS(p) Pre-tax() EPS(p) DPS(p)
Seymour Pierce 18-03-05 OUTP .... 1.80 .....1.90 ... - .... 1.93 ... 2.10 ... -

Growth (%) 13.21 10.53
Standard Deviation (p) 0.00 0.00
PE Prospective (x) 4.87 4.40 @9.25p

Newsflow:
10 Sep 2002 - Interim Results - Company returns to profits
11 Sep 2002 - Share Issue - 858369 shares issued to vendors of S C Hill
19 Mar 2003 - Final Results - operating profit of 1M
19 Mar 2003 - Peter Ward buys 25k shares @ 3.5p
27 Mar 2003 - Peter Ward buys 100k shares @ 5.75p
01 May 2003 - Peter Ward buys 250k shares @ 5.25p
23 May 2003 - David Voss buys 17k shares @ 7.3p
03 Jun 2003 - Nick Grimmond becomes Managing Director
23 Jul 2003 - Interim Results - Profits up 3-fold
28 Aug 2003 - Placing of 3,688,880 new ordinary shares @ 19.5p
03 Sep 2003 - Signs deal with Vodafone/Unipart
14 Nov 2003 - Ex-chairman Christopher Evans sells 1m shares
14 Nov 2003 - David Voss buys 979 shares @ 20.72p
12 Jan 2004 - Ex-chairman Christopher Evans sells 1m shares
19 Mar 2004 - Final Results - profits up 380%, debt down to 3.9m
19 Mar 2004 - David Voss buys 48808 shares @ 23.75p
08 Jun 2004 - David Voss buys & sells 20k shares
22 Jul 2004 - Interim Results, profits up ~ 15%
27 Sep 2004 - Trading Update - 2nd H sales, profits below market expectations
04 Oct 2004 - Peter Ward buys 500k shares @ 11p
04 Oct 2004 - David Voss buys 17550 shares @ 10.5p and 63116 @ 10.6p
21 Dec 2004 - Signs deal with 21st Century Crime Prevention
22 Dec 2004 - Carglass convert their Toad preference shares into Ordinary Shares
02 Feb 2005 - Announces intention to transfer to AIM (in 2Q 2005)
02 Feb 2005 - Plans to increase stake in 21st Century Crime Prevention to 49%
02 Feb 2005 - Current trading is in line with expectations
16 Mar 2005 - Final Results, operating profits of 1.5M, debt down to 3.7M
16 Mar 2005 - AIM admission confirmed as 15 Apr 05
15 Apr 2005 - 1st day on AIM
09 May 2005 - Toad increases stake in 21st Century to 49%
09 May 2005 - Carglass sell TOA shares, directors buy 3.6Million (~ 7.875p)
17 May 2005 - AGM - Current trading is in line with expectations, cash flow strong
24 May 2005 - Company's new name = TG21 Plc, new epic = TGP

Previous thread and last couple of days posts.

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=3459



legend290782 - 23 May'05 - 14:19 - 35 of 50


Totally agree,these are dirt cheap gf... have held these since 8.5p ages ago and didnt sell at 14p a few months ago...

I added at 11p just before results and they have just gone down since. A must imo


goldfinger - 24 May'05 - 00:39 - 36 of 50 edit



Yup Legend I think we have a winner here.

Seymour Pierce are forecasting 1.8m profit in 2005, and 1.93m in 2006, for 1.9p EPS & 2.1p EPS respectively.
That puts the shares on a bargain PER of 5.4 dropping to 4.9
So if those forecasts are achieved, then these shares look certain to recover from the doldrums.


cheers GF.


legend290782 - 24 May'05 - 09:06 - 37 of 50


FINALLY I AM GLAD SOMEONE HAS SOME SENSE TO SEE HOW CHEAP THESE ARE!!!!!!!!!!!!!



WOODIE - 24 May'05 - 11:34 - 38 of 50


welcome on board gf are you still holding ciu? if newspaper stories are true a deal with a high strret chain looks like the next piece of news to hit the market.cheers woodie


goldfinger - 24 May'05 - 11:39 - 39 of 50 edit



Hi Woodie, yes still holding a few CIU. Made a super profit this morning from Merchant Retail. Just keep a lot of good stock on the back burner and sooner or later they will pay out for you, patience being the key. Not gambling like 50% of the market.

cheers GF.


goldfinger - 24 May'05 - 11:40 - 40 of 50 edit



Heres a very interesting link on Toad and well worth the read. Many thanks to the authour.



http://boards.fool.co.uk/Message.asp?mid=9312943


goldfinger - 24 May'05 - 11:50 - 41 of 50 edit



http://www.gpsinforad.co.uk/

Toad as the exclusive UK distribution rights to this product. It really could help the company move into a very profitable future.

cheers GF.


mickeyskint - 24 May'05 - 14:27 - 42 of 50


Ian(MoneyAM)

This company TOA dosen't feature in the company zone, but does feature on the charts. Can you help please as I want to do my own valuation.

MS


WOODIE - 24 May'05 - 14:43 - 43 of 50


mickyskint the epic has changed today to tpg this might help cheers woodie


mickeyskint - 24 May'05 - 15:33 - 44 of 50


Thanks woodie, didn't realise that.

MS


WOODIE - 24 May'05 - 16:18 - 45 of 50


no worries


goldfinger - 24 May'05 - 16:28 - 46 of 50 edit



Strange no trades showing on my stockwatch but I know of two people who have bought today.?.

cheers GF.


goldfinger - 24 May'05 - 17:49 - 47 of 50 edit



Just found out its because of the name change. 507,000 BUYS and 102,000 sells.

New symbol TGP. WOODIE are you going to start a new thread with the old stuff transfered over?. New heading aswell?. Pretty good header on the other board across the road they have started today. Might be worth a look.

cheers GF.

A must look link and many thanks to the author.

http://boards.fool.co.uk/Message.asp?mid=9312943

cheers GF.

TG21 have the sole UK distribution rights to this product and it really could be an exciting product going forward.

http://www.gpsinforad.co.uk/

cheers GF.

Hoping for a good day tomorrow.

cheers GF.

gf excellent stuff cheers woodie ps i would not have a clue how to put all the links on like you have.

A lot of volume going in and out of this one at present WOODIE. Cheap as chips with a P/E of only 5, derd cheap but how much longer will it stay cheap.

cheers GF.

Read your link last night GF, i want the product, i just got caught speeding , had a clean license for 4 years.

Jimmy if you have a look on the site across the road and go back a few days Paul Scott a well known private investor as purchased one and gives a detailed account of his use of it. Says he is very chuffed with it and other competitors similar products cost far more to purchase and are illegal in some cases.

cheers GF.

Will do Thanks GF..

GF

is paul scott invested in this? and has he written any articles?

as you say a well known and very successful PI - his articles are normally very informative

Hi Fundamentalist,

Paul Scott is indeed in this stock and is very confident of its future.

Here is a link where he outlines his thoughts on the company..........

http://boards.fool.co.uk/Message.asp?mid=9312943

cheers GF.

GF

many thanks for the link - an excellent well reasoned post by paul scott as they usually are. Plan to do some more digging but like what i see so far just a shame they are AIM as most of my free cash is currently in the ISA - cant win em all lol

GF

i have emailed moneyam and asked for them to update the chart data on the new EPIC code

Fundamentalist,

Have received your E mail and passed it onto our tech guys to take a look into,

Ian

Thanks Guys.

cheers GF.

have been out most of the morning nice to see blue at the moment, i thought profit taking would have happended by now.cheers woodie

Nice to see so much volume in this one.

cheers GF.

Better get the financial projections up on this new board.........

Seymour Pierce are forecasting 1.8m profit in 2005, and 1.93m in 2006, for 1.9p EPS & 2.1p EPS respectively.
That puts the shares on a bargain PER of 5.4 dropping to 4.9
So if those forecasts are achieved, then these shares look certain to recover from the doldrums.

cheers GF.

See the new product offering from TG21 below and remember this company have sole UK distribution rights.

cheers GF.

Remember competitors offerings priced at 300 to 400 and most illegal. See the product below.

cheers Gf

http://www.gpsinforad.co.uk/

It is great to see this board come alive again!!! Only one way these are going.

It is good to see market maker to market maker transactions...

Over past few months it has been evos that have been moving these about. Now all isa holders have sold, we should see this move up nicely imho.

GF, the 21st century deal provides a revenue stream of 500k p/a. That alone must be worth 5m on tgp's value. Let alone the other forecasts!!

Where you see these going gf??

Not sure at the moment Legend, I want to see what this contract is all about first, but one thing for sure I am mighty bullish. Looks like we are getting rid of the last stale bulls today.

cheers GF.

I'm not a chartist but these really look set for takeoff!!!

I think that shares mag and ic might rerate these!!

They are very much a buy.

it was interesting to read a proposed deal with a high street retailer. Do you think halfords gf?? any ideas??

I can honestly say that this is the most excited i have been about the market in ages!!!!

Have you seen how cheap tnd are??!!

Hi Legend, Halfords just what I was thinking. But they could be the first of many eg, Argos , Wilkinsons, Woolies. This product could be massive.

cheers GF.

Buyers coming in again.

cheers GF.

Yes, thought the volume will be higher. I would expect a bit of profit taking over next day or so. Journals might look at it next week. I can't see any reason to sell at the mo..

The interims last year were 22-July.
Depending on when dividends from 21st Century are paid out, we may see an impact of the acquisition in the bottom line.

There is also an opportunity to sell Actra into Arriva. Buried in the final report was this...
"includes 0.8m from the sale of distribution rights for Actra in the UK public transport sector to 21st Century Crime Prevention Services Limited ("21st Century"), a company in which the group subsequently took a 25% stake (see below)."

TGP get 0.8m from 21stC and now own 49%.
I expect to see Paul Frodsham invited onto the TG21 board in the near future.

Now then nod. Welcome aboard. I notice you post quite a bit on the other side too..

Regards

Legend

G'day Legend
I think we may see a quiet spell ahead of results - probably not much new news inbetween. Frodsham's appointment seems likely at some stage but that's not going to set the sp alight.
I thought I noticed signs that smaller companies were picking up a wee bit. I hope so.
Nod

I bloody hope so... i am seeing good value stocks depreciate before my eyes.

I think ill put it down to the go away in may thing!!

Keep smiling

Looks to be a big seller in the market at the moment selling 50,000 lots.

No problems once he is out of the way.

cheers GF.

Any chance of an intraday chart GF, as it doesn't seem available via the standard charts? Thanks.

Cheers, Madison

Done on the header Madison.

cheers GF.

Great service! Thanks GF.

Cheers, Madison

gf what do you make of change of broker.cheers woodie

WOODIE, didnt know they had changed Broker wheres this news?, might be because Im still on holiday and taken my eye off the ball.

cheers GF.

gf on the adfvn board daniel stewart new broker rns issued 11am today might be a hoax.cheers woodie

Cheers WOODIE, looks like the new broker as done the trick anyway as buys far greater than sells and looks ready to tick up.

cheers GF.

Hopefullys so gf.

Where are you on your jollies??

Just at home this time Legend. Just relaxing and having the odd half crate you know. Great to see her indoors out at work LOL.

cheers GF.

lol

Do you ever go on advfn?? There is some **** called fusebox that has a dedicated thread to trash these!!!!

Yup seen it but hes started going into Pauly Pilots cafe on the Motley Fool and they arent half giving him a whack.

I wouldnt worry about him.

cheers GF.

has anybody heard of the new broker? cheers woodie

Why doesn't he short them if he's so confident of them collapsing!!!

I have heard of the name woodie but don't know much about them.

Perhaps they are cheaper?? Perhaps they weren't happy with the other brokers. I certainly don't think it is anything to worry about.

9.75 on the bid now.....

Only evo's left on 10.25.

Woodie - this was taken from the other side:

nilip - 1 Jun'05 - 15:39 - 43 of 46


Edit ...

Just clicked, change of advisor is most likely due to the move to AIM and hence the slightly different/flexible rules applicable on AIM.

Conclusion - A calculated decision by company.

I'm Happy now

Good spot Legend.

cheers GF

A nice move back up this morning. Perhaphs this new Broker is pushing this one.

cheers GF.

heres hoping, legend cant see move to aim the reason as seymour p has the highest number of aim stocks on its books might be to keep cost down as long as price goes in uptrend who cares? cheers woodie

Fair call...

Woodie, did some digging around on Daniel Stewart.. All good. They are an up and coming broker. Infact they did the float of a new issue i held a few months ago.

They are very consciencious (hope thats spelt right) i.e. e-mailing my broker all the time with research - he has had 3 from them today already!!

I wouldn't have thought it would be long before they issue some research. Can't be bad IMHO.

Don't forget it isn't long ago before City Confidential issued a buy note as the share of the year for 2005. This was at 13.75p!!!!!

I think these will move very shortly. its evos that keep holding these back!!

legend nice post onwards and upwards we go,will post some info on stock later have to go .cheers woodie

Thanks woodie. I would have thought that there would be more followers of this on our new board.

Those that follow will be rewarded.

rumours on the other side of a deal with halfords...

As always time will tell

Regards

Legend

nice release today with woolies.

WOODIE have you got the news item nothing showing on stockwatch portfolio.

cheers GF.

gf it is not shown on this site for some reason was issued by prnw.cheers woodie

Embargoed Release: 07:00hrs Friday 10 June 2005

TG21 plc

(`the Company' or `the Group')

Inforad distribution agreement

TG21 plc is pleased to announce that its wholly owned subsidiary, Toad (UK)
Ltd, has signed an exclusive distribution agreement with Inforad Ltd for the
sale of the Inforad Speed Camera Warning Device ('Inforad') throughout the
United Kingdom. Furthermore, the company is delighted to report that initial
launch sales of the unit have been extremely encouraging and include initial
orders in excess of 10,000 units from major high street retailers Woolworths
and Maplins.

The Inforad unit uses GPS technology in conjunction with regularly updated
database information to plot speed camera locations and the vehicle's speed
relative to the appropriate speed limit to aid the improvement of road safety
by highlighting known accident hotspots. It is believed to be the lowest cost
unit on the market retailing at 79.99. Importantly, the devices' lack of
dependence on laser or radar detection technology means it will not contravene
the proposed Road Safety Bill.

Toad (UK) Ltd has also secured a four year license for the database of speed
camera locations for which Inforad users will pay an annual or lifetime
subscription fee to access after their initial 12 months of complementary usage
expires.

For more information see:
www.gpsinforad.co.uk

heres hoping argos or tesco become interested in this product.

Cheers WOODIE excelent news.

GF.

this was shown last night in the advert break in emmerdale by woolies .cheers woodie

Thanks for this woodie...

Things seem to be looking up here.

15p here we come imho....

Well done all holders.

From the other side. I am happy to be in than out guys... if you know what i mean.... ;-)

paulypilot - 10 Jun'05 - 12:30 - 109 of 111


Hi,

Terrific news re Inforad. After buying & testing the product myself a few weeks ago I knew they were onto a winner.

The profits from Inforad (say 250-500k p.a. ?) & the divis from 21st Century (Associate company) of 500k p.a. have significantly boosted the prospects for TG21 in my opinion.

Remember that it's historically made adjusted operating profits of between 1-2m p.a. in the past 4 years, so the figures above are pretty material in that context.

Mkt cap is only around 9m at 11.25p, forget net debt because it's covered by freehold(s), so not an issue.
Overall looks cheap to me, although probably some fallout from the fiasco at Centurion Electronics (ouch, cost me a packet that one did), but if TG21 keep delivering like they have been this year, then a higher rating looks more appropriate.

I still think 20-30p is an achievable price target here, providing the positive newsflow & figures continue of course. I base that view on earnings forecasts - Hemscott shows the forward PER here as being just over 5. The earnings forecasts seem credible, given the positive news recently, so that should translate into a PER of around say 10-15, hence giving a good 100%+ share price upside from here.

Just my personal views, please DYOR !

Regards, Paul (I hold shares in TG21

Hi GF, do youhold JCR? I might have some useful info for you.. ;-)

Not a holder of this stock. Comment in post62 shows complete finacial naiveity IMO "forget net debt because its covered by freehold(s) so not an issue".Lots of Finance/Drs may have thought this the day before their bank foreclosed. Companies go bust because they run out of cash and neither freeholds nor profits will then save them. Banks currently aggressive lenders, but that can (and will at some time) change. Don't IMO be in heavily indebted companies when that happens, whatever assets they may appear to have. Not directed at TGP, just observation based on personal experience!

Fair call but TGP's cashflow is strong... see agm statement..

Legend yes I do hold JCR. A PM would be much appreciated.

cheers GF.

I have posted it on that thread for you...

I don't hold any but I know a few people that do!!!!

I am quite excited about the prospects of tg21, lets hope another contract - with Halfords perhaps would be the icing on the cake don't you think??

Cheers Legend Ill have a look and yes I would love to see Halfords and more take on the new product.

cheers GF.

Looking positive on the trades front so far.

cheers GF.

gf thought the price would move up after sats ft comment.cheers woodie

Why what did it say WOODIE Please?.

cheers GF.

gf just a comment on fridays news release it did not give a view.cheers woodie

Yes i thought it would only be positive after the news comment...:

TG21 plots speed cameras nationwide

TG21 the company that helps motorists plot the latest positions of speed cameras,has signed a distribution agreement with that will see the Inforad speed camera warning device goon sale throughout the UK.

Toad(UK) TG21,s wholly-owned subsidiary,signed the agreement with Inforad and said initial sales of the driver-friendly speed camera plotter "have been EXTREMELY ENCOURAGING" with orders of more than 10,000 units from Woolworths and Maplins.

The speed camera plotter costs 79.99 and uses Global Positioning Systems
as opposed to laser or radar technology , and thus does not contravene the proposed Road safety Bill.

Shares in TG21 rose 0.75p to 11p.

Cheers guys, much appreciated. Just think how this one one would have gone back in FEB, but then again hows it going to going to go in October?.


Cheers GF.

Hi all,

It has gone mighty quiet on here. Still holding all??

Still holding legend and awaiting developments. They will come.

cheers GF.

Buyers in today... not looking to go sub 10 whatsoever dispite the view of several bear raiders on advfn!!

Up theres Legend. Its the same bloke who as had a gripe for months.

Now thats what you call losing on the stock market.

cheers GF.

Added another 50k today...

legend good luck with results out end of month this should rise on run up to results.

Thanks woodie, should be ok I think. it was only a month or so ago at the agm that trading was in line and cashflow strong... since then there has been nothing but good news!!!!

Looking good mate.

cheers GF.

with chris evens selling 4 mill of shares looks like the overhang has been cleared as mm have moved up the offer price by .50 pence looks like they want more stock.

Could go on a run from here then. Fingers crossed.

cheers GF.

Do you reckon someone soaked up the 4 million shares? Too much for MM's to handle???

Nope... not if they know what is coming ;-)

Youll be ok with these sid

sid if mms had stock left the s/price this morning on the bid would not have moved they are after more stock if spread stayed at 10.5 to 9 then they will only take stock if you will accept a wicked spread.

co phoned me early providing the auditors give the green light the results will come out on 26 july

Company TG21 PLC
TIDM TGP
Headline Interim Results
Released 07:02 26-Jul-05
Number PRNUK-2507



Embargoed Release: 07:00hrs Tuesday 26th July 2005

TG21 plc

Interim Results for the six month period ended 30 June 2005

Highlights

* Total operating profit up 20%

* Net profit up 10%

* Increased operating profit in associate company - 21st Century

* 1.1m of cash generated from operations

* Speed camera warning device (Inforad) achieves encouraging early sales

* Further growth anticipated from hands free installations and CCTV for
public transport vehicles

* Exit strategies in place for a number of peripheral activities to focus on
proven growth areas

TG21 plc

Chairman's statement - Interims 2005

I am pleased to present our unaudited interim figures for the six months to 30
June 2005.

Total operating profit increased by almost 20% on 30 June 2004 to reach 1.2m
for the half year. While turnover is down by 1.9m on the comparative period
this does not include sales made by our associate company, 21st Century Crime
Prevention Services Ltd ('21st Century'), which recorded sales of 2.1m. The
contribution to profit from our share of the results of 21st Century has
enabled us to increase the group's net profit by 10% to 0.8m.

Cash flow remains strong. We have generated 1.1m (2004: 1.0m) from operations
in the first six months. Net debt stands at 3.9m, an increase of just 0.5m on
this time last year, despite the fact that since that date we have spent 2.6m
on our investment in 21st Century. The results of this associate company and
trading within our Services and Distribution divisions are reviewed below:

21st Century

In April 2005 we increased our stake in 21st Century to 49%. 21st Century
provides CCTV and black box recording systems for use on public transport
vehicles such as buses and trains.

21st Century's unaudited results for the first half of 2005 showed an increased
operating profit on sales of 2.1m (up 10% on the prior year). As we currently
do not hold a controlling interest in 21st Century we have not added its sales
to group turnover but have included our share of its profit in the attached
results. Recently 21st Century received the first order in respect of the
installation of CCTV and black box technology for a regional bus depot. The
total potential value of this one project is 1.5m with the work spread over
the next 6 months.

We believe that the desire of operators, backed by local authority funding, to
encourage the use of public transport by improving safety is a key driver of
long term growth.

Services

Principal Activities: Insurance replacement of in-car entertainment systems,
cameras and computers. The supply and installation of mobile phone hands-free
kits, telematics units, in-car entertainment and security systems to fleet and
private customers.

Turnover in this division at 6.2m was 0.7m (10%) down on the same period last
year. We have seen a 25% decline in our audio replacement business as this
market continues to contract. The installation of mobile phone hands-free kits
by contrast has grown during the first half of the year and is up by almost
30%. We have now undertaken over 50,000 installations in just over 18 months of
trading in this market. We understand that legislation to be introduced later
this year will impose penalty points for the illegal use of mobile phones while
driving. We believe that this will increase demand for hands-free kits further.

Our partnership with 21st Century has meant that we have invested more
resource, including training our engineers, in the installation of CCTV onto
public transport vehicles. To allow us to focus more efficiently and
effectively on this high growth area we have put in place strategies to exit
several peripheral business areas. We are now in a position to make a managed
withdrawal from the ACTRA telematics business, the camera and computer
replacement businesses and our Vehicle Inspection Service ('VIS').

Distribution

Principal Activities: The distribution of in-car entertainment systems, satnav/
communications equipment,speed camera alerts,audio leads and, own brand
automotive and motorcycle alarms to the retail trade.

Overall the sales in this division fell by 1.2m (11%) to 10.0m at the half
year. Most of this decline was anticipated as it fell within the mature car
security market. In more recent months we have seen very encouraging early
sales figures from our Inforad speed camera warning device which is currently
the least expensive product of its type on the market and has been extremely
well received by the motoring Press. In May 2005, we secured the UK
distribution rights to the product and took orders for in excess of 10,000
units within the first few weeks of launch. Halfords, Woolworths and Argos are
all stocking the product and we are looking forward to further growth in the
second half.

Current trading and the future

The Board is very encouraged by the improved profitability which has been made
with the restructuring of the group during the first half of 2005. The
strategic withdrawal from a number of peripheral activities will enable us to
accelerate our continued integration with 21st Century and focus on business
areas with real potential for the group. Current trading is in line with market
expectations and we are looking forward to the future with confidence.

Peter Ward

Chairman

Seems like some PI's did not like the withdrawal from the ACTRA telematics business, the camera and computer replacement businesses and VIS or is it just that many bought for a quick profit (expecting rise before Interim Results)

From the other side. very happy with results sid.... house brokers e-mail to brokers

Daniel Stewart have put out their Morning Brief on e-mail as follows:

"TG21 (Formerly Toad Group) TGP.L 10.5p; 8.6m BUY
Interim results to 30 June 2005 - Headline figures In its interim results to 30 June 2005 announced today, turnover declined1.9m (10%) y-o-y from 18.1m to 16.2m but did not include salesgenerated by its 49% associate company, 21st Century. This investmentcontributed 144k post amortisation to total operating profit, which wasup 19% (from 977k to 1.17m) and helped push net profit up 10% to810k from 739k. The reduced turnover was attributable to a decline in the mature audioreplacement and vehicle security markets. Despite this the operatingprofit post amortisation but before adding in the profit from 21st Centuryincreased by 5% y-o-y from 977k to 1.02m. Interest payable increased marginally y-o-y from 232k to 253kreflecting a 0.5m increase in net debt to 3.9m. This was despite the2.6m acquisition cost of 21st Century. Basic EPS (post goodwill amortisation) rose 5% from 0.94p to 0.99p withfully diluted clean EPS (pre amortisation) rising 7% from 1.08p to 1.16p. 95% of operating profits was converted into operating cash flow of 1.1m(1.0m in prior year) and gearing reduced from 54% to 46% on netassets of 8.5m. Net assets per share of 10.4p fully underpin the currentvaluation. Divisional analysis Services The main activities of this division comprise insurance replacement of in-car entertainment systems, cameras and computers, the supply andinstallation of mobile phone hands-free kits, telematics units, in-carentertainment and security systems to fleet and private customers. Turnover declined 0.7m (10%) y-o-y from 6.9m to 6.2m, largelyresulting from an increasing number of new vehicles being fitted withintegrated audio systems, which led to a 25% decrease in TGPs audioreplacement business.

In contrast, installation of hands-free mobile phone car kits increased almost 30% in H1, driven by European Health & Safety legislation prohibiting the use of mobile phones whilst driving. In the last 18 months, TGP has installed over 50,000 kits, the majority of which are through a contract with Unipart Logistics, which manages the installation logistics for Vodafone. Management expects further legislation this year to give further impetus to this income stream. Distribution The main activities of this division comprise the distribution of in-car entertainment systems, satnav/communications equipment, speed camera alerts, audio leads and own brand automotive and motorcycle alarms to the retail trade. Divisional sales fell y-o-y by 1.2m (11%) from 11.2m to 10m, largely due to decline in the maturity of the vehicle security after-market (alarm/immobiliser systems fitted as standard). Management anticipated this decline and has aimed to counter this through both new products (e.g. Inforad) as well as new routes to market (21st Century see below). A recently announced exclusive distribution agreement with Inforad Ltd for the sale of their Speed Camera Warning Device throughout the UK is a valuable addition. Initial sales have performed well, with the product being sold through Woolworths, Halfords, Argos and Maplins, and we expect this trend to continue given 1) the low retail price (79.99) of the unit compared to competing products; 2) its non-dependence on laser or radar detection making the product legal; 3) the governments attempts to boost revenues through the use of speed cameras and changing their locations. The agreement includes a four-year license for the database of speed camera locations, providing an additional annual revenue stream from subscribers after expiry of the initial 12-month complementary period. 21st Century In April 2005, management increased its stake in 21st Century from 25% to 49%. 21st Century supplies CCTV and black box recording systems to public transport vehicles. Preferred supplier status has been achieved with Arriva UK Bus Division, operator of over 6,000 buses in the UK and sales of 1.8bn. We expect good growth from this business, given the governments desire to move car users onto public transport systems, with local transport authorities and operators likely to be attracted by the associated reduction in crime and fare evasion. Growth may also follow the terrorist attacks on the London public transport system. This is a mutually beneficial strategic acquisition. The use of TG21s installation team allows 21st Century to fulfil its existing order book and frees up their resources for new business wins. This also sweats the TG21 call centre and engineer overhead more effectively, whilst generating higher margin business. Revenues from this fast-growing area give TG21 a more defensible profile. Restructuring Management expects 21st Century to be a key driver of future growth and, accordingly, has decided to exit peripheral activities (ACTRA telematics, camera and computer replacement and Vehicle Inspection Services) to free up staff and engineer resources. 2
Forecasts We forecast sales excluding 21st Century for the current year to be down on 2004 at around 33.5m but pre intangibles operating profit excluding 21st Century will remain around the same at approximately 2m. Sales of 21st Century will not be consolidated so long as the company does not hold a controlling interest but management forecasts they should exceed 4m for the year. We forecast, however, that the companys 49% stake in 21st Century will yield a contribution of 0.5m to pre amortisation operating profit bringing this total pre amortisation, interest and tax profit to 2.5m (2004: 2.0m). The interest charge is forecast at around 0.5m (2004: 0.5m) bringing pre amortisation and tax profit to 2.0m (2004: 1.5m). For FY2006, we reflect the withdrawal from certain Insurance Services, some decline in the distribution arm VTD and forecast no growth in the other business lines (highly conservative) giving a FY06 sales figure of 32.6m. We expect gross profit of 13m (39.9% margin) and operating profit of 1.8m (margin 5.6%). FY06 clean pre-tax profit is forecast at 1.6m. The contribution from 21st Century is forecast to add a further 750k to pre tax profit.

Conclusion TG21 has successfully carved a niche for itself, moving the business from the sale of high specification car security systems to being recognised (amongst its other revenue streams) as a leading UK installer of mobile phone car kits and the UKs largest audio and multi-media trade wholesale business. Management has reacted swiftly to the slowdown in its more mature markets (e.g. car audio replacement) by moving the company into a key growth area through the acquisition of 49% of 21st Century and securing new distribution agreements. Net assets per share of 10.4p fully underpin the current valuation and the recent move to AIM should lower future acquisition costs and bring greater investor focus."

Makes for good reading lets now get the upgrade this one should have.

cheers GF.

Conclusion says it all really. Can't believe how this hasn't rocketed yet.....

Your right legend .

cheers Gf.

Hope your still holding gf... price held up very well... hopefully we will have eps of 2p end of year, if so p/e is really low.

Can't believe how none of financial press haven't pushed these. Looks like seller has gone... price moved up on small volume..

Just reduced my losses by 250 today what's going on at TGP?

my guess there is news on the way when the mms reduce the spread they want stock from the weak to sell on at a higher price. might be wrong

Here's the intro to Daniel Sstewart's Buy note above (which is a fine 12 pager):

"The recent H105 results showed an increase in net profit of 10% although turnover declined by 1.9m (10%) y-o-y from 18.1m to 16.2m. This sales figure did not include sales generated by the Groups 49% associate company, 21st Century. This investment contributed 144k post amortisation to total operating profit, which was up 19% (from 977k to 1.17m) and helped push net profit from 739k to 810k; o Interest payable increased marginally y-o-y from 232k to 253k reflecting a 0.5m increase in net debt to 3.9m. This relatively small increase in net debt was after taking into account the 2.6m acquisition cost of 21st Century. Basic EPS (post goodwill amortisation) rose 5% from 0.94p to 0.99p with fully diluted clean EPS (pre amortisation) rising 7% from 1.08p to 1.16p. 95% of operating profits was converted into operating cash flow of 1.1m (1.0m in prior year) and gearing reduced from 54% to 46% on net assets of 8.5m. Net assets per share of 10.4p underpin the current valuation; o TG21 has successfully carved a niche for itself, moving the businessfrom the sale of high specification car security systems to providingbusiness solutions to numerous blue chip customers in the automotive,public transport, cellular and insurance markets. Today, amongst itsother revenue streams, the business is recognised as a leading UKinstaller of mobile phone car kits and one of the UKs largest audio andmulti-media wholesale businesses;

o Management has reacted swiftly to the slowdown in its more maturemarkets (e.g. car audio insurance replacement and car security) bymoving the company into growth areas and securing exclusivedistribution agreements for the Inforad speed camera warning systemand Tom-Tom motor-cycle navigation units along with distributionrights for the Tom-Tom car navigation products;

o We expect good growth from the 21st Century acquisition (installationof CCTV on public transport), driven by the governments desire toimprove security and encourage car users onto the public transportsystem, with local transport authorities and operators likely to beattracted by the associated reduction in crime and insurance costs. Amore sombre, but nevertheless valid, source of growth may follow theterrorist attacks on the London public transport system;

o The recent move to AIM will lower the cost and burden of futureacquisitions. The current capitalisation of the company fits AIM morethan the Full List, and we would, therefore, expect the shares to benefitfrom investor focus. We forecast fdw EPS of 2.22p in 2005 and 2.62p in2006, putting the stock on a conservative 4.5x and 3.8x earnings respectively."

Bought in today on afternoon dip. These will be 20p. Mark these words....

Agreed wraz. This is the link to Daniel Stewart's 12 page Buy note:

http://www.saturninnovation.co.uk/clients/dsc/CMS/nmanagerpro/attachments/TGP_initiation_130905.pdf

The EPS estimates are:
12/05 eps 2.22p EBITDA 3.2m
12/05 eps 2.62p EBITDA 4.2m

TGP have already achieved 1.16p EPS in H1, i.e more than half of the estimate for the year already. At 10.5p TGP are on a current year P/E of just 4.7, with around 10p per share of net assets as downside protection. And the company has stated that current trading is in line with expectations.

TGP have also ramped up their investment in 21stCentury, presumably on the basis of something in the wind. Any contract news in this CCTV division should send the shares flying imo.

Welcome aboard rivaldo... the right people are in this stock. Buyers around at close on friday.

Good luck....

Ta legend. More buying early today I see.

The potential from 21st Century in particular is enormous. This is from Ashurst's (TG21's lawyers) web site:

"21st Century is one of the UK's fastest growing suppliers of specialist CCTV security systems for public transport vehicles, and is the preferred supplier to Arriva plc with whom it has developed a bespoke system. Arriva plc has an annual turnover exceeding 1.6 billion and rail and bus operations in eight European countries comprising over 10,000 vehicles.

Turnover for 21st Century in the last financial year was 2.9 million, up from 1.8 million in the previous year, and its net assets are currently 350,000."

If you link that with this recently from the Times and consider that 21st Century have an enviable reference point from their work with Arriva....

http://www.timesonline.co.uk/newspaper/0,,172-1779505,00.html
"Mr Livingstone also said that it would be difficult to install airport-style security on the Underground. For every person who goes through Heathrow, 15 will go through the Tube, he said. There isnt physically the space for the equipment. It would also mean huge tailbacks and would mean a dramatic change in the time people take for a journey.

He said that there would be be 100 per cent closed-circuit television coverage on London buses by the end of the year on both upper and lower decks, compared with the present 95 per cent coverage. He added that he would double the number of CCTV cameras on the Underground within the next five years."

once this breaks out from current trading range this will fly

Totally agree woodie, sp underpinned by 10.5p assets... did you read the bullish research note mate??

if not, will post it on here (thats if it hasn't been on here already)

market maker to market maker transaction for a quarter of mill earlier - this is good to see imho.

legend they have been 2 in the last few weeks will be ideal to post here to show how undervalued this co is.

Daniel Stewart Research BUY note below

Says it all really!!!!!! Enough said.....


http://www.saturninnovation.co.uk/clients/dsc/CMS/nmanagerpro/attachments/TGP_initiation_130905.pdf

Still in this one Legend. I feel all at once they will take off. Nice to be back.

cheers GF.

Mee too goldfinger. I bought with a 20p price target in mind. I think newsflow/coverage will only be positive from here on.

I have followed legend into a few stocks, he certainly knows how to pick the right ones given time. This is no exception.

Im sure your right.

cheers GF.

75,000 share MM buy at 11p :o))

Shortage of stock around now?

These going as planned, we should have some financial press coverage soon i think... i really like to see mm transactions - this indicates orders that need to be filled....

i love seeing buying activity and mms short of stock!!!! It means they have to get stock back to balance their book!!

The spread is incredibly narrow today. You can sell at 11.1p, i.e just below the midprice, and buy at 11.19p. This indicates there's plenty of demand for TGP stock in the market at present - and why not on a current year P/E of around 5 :o))

Rivaldo, only evos on 11.5 offer now... looking good.

This BB has gone all quiet and the SP is down. Legend, are you still in?

ramu iam still in most aim and small caps have been weak over the last 2 months still a good story.

Nothing you can really do in a market like this. Even shorting is very dangerous as theres no clear patter to where we are going.

cheers GF.

Yep ramu, I haven't sold a bean!!

Same story.... except with a screaming buy note attached thats all!!

Limited risk here imho as 10.5p net assets and generating the amount of cash it is

Good to see bnh starting to gain monentum prior to interims ramu...

From Shares Mag today:

Article:

TG21 (TGP:AIM) 10.5p
Spread: 4.65%

Changed its name from Toad in May but under chairman Peter
Ward, formerly of Rolls Royce (RR.), the transformation goes much
deeper than that.

TG21 bought 21st Century in the spring and has repositioned
itself as a leading installer of security systems for public transport
providers. The company already provides CCTV and black box
tracking devices for Arriva. In these security-conscious times
progress at Stagecoach and First Group cannot be ruled out.

The company derives strong free cashflow from its legacy
businesses, such as the installation of car security systems, handsfree
kits for mobile phones and speed cameras. But Roger Tejwani
of Daniel Stewart suggests the name change may mean that TG21,
which has a market cap of 10.6 million, is still an undiscovered
story. A PE of barely 4 for 2006 certainly suggests as much, as any
new CCTV contract wins could boost the share price.

wraz thanks it has had no effect on the share price pity it was stuck at the bottom of a page next to an advert.

There have been buyers around woodie...

Long overdue tip imho... it just pains me to think that fund managers buy vodafone and other stocks on p/e of 30 or so and a co like this gets ignored.

I know that ther is no way a fund manager would be able to buy 2m of this or so, but it is frustrating knowing you have a winner and very few people know about it.

What this co needs is some newsflow after the christmas period....

legend iam no chartist but the longer the sideways movement, when the breakout comes the faster it will be, question is when will it come?

Soon imho!!

Last buy 100k was mm so dont get too excited out there...................

Legend

I think Vodafone is on PE10x ?!!?

TG21 -- remains in a crap business area -- but management seems to be able to reinvent intself every couple of years as old businesses fade away to nothing. Could be in a sweet spot with its cheap acquisition of 21st Century Crime Holdings -- leaves the company looking exceptionally lowly valued.

Cash generation suggests the market is giving this stock a lifespan of about 5 years -- a bit tight I would say.

But on the downside there are plenty of guys heading for the CCTV area with better product spec than TG21 .

I think late teens to 20s would be a fair sp confidant... am happy to wait and see where this goes.

ianws, it is good to see mm transactions imho.. proves that they have orders to fill or are short of stock!! if they are paying the offer price, they must have buyers higher than 11p.... very good sign imho.


i meant a few years ago when just about everything was flying about vod...

what it needs is positive news to be released the next results are due in march

Totally agree, i would be happy seeing the total acquisition of 21st century crime...

In shares mag today as a top tip for 2006!!!

Very bullish

legend nice find i have not received my copy yet could be the reason the s/price has not gone up more as others will be the same as me having not received there copy ,on thursday & friday you should see a better increase in s/p what is disappointment is on the shares mag link it has not been updated yet.

Excelent news. Will get a copy.

cheers GF.

Very very bullish!!

legend what writer has tipped the stock

Russ mould woodie.

SP has got to break 11p now after that tip!!!

What you make of it mate??

its got to go upwards from here all there is is positive news coming out cant understand why it does not move a lot higher.

Good start. now that overhang is absorbed, these will start to move. Any newsflow will really send this baby. I think there are potential deals to be done with the other 3 bus and train companies....

I am glad that the 5 or so followers on this board have stuck with this stock and hopefully their patience will be rewarded and soon...

Woodie, have you heard anything on asc. Are you still long?? (on stock that is!! ;-))

GF, glad to see you are still alive and well!! Lets hope santa has plenty of presents in his sack ;-)

Speaking of christmas, there has been plenty of coverage in the press about sat nav systems being a must have for christmas. I would hope to see a trading statement after christmas saying everything is as planned. We shall see.

legend tried to contact asc all day yesterday with no joy wanted to know if they still plan to issue a trading update for xmas.yes iam still long still has got some more milage left any pullbacks are good buying oppts having said that all might change if they are out of trading for long.
with regards to tgp lack of newsflow has kept a lid on shareprice any good news will put this into a different trading range.

Just to summarise FYI, Shares Mag last week made TGP one of its stock selections for 2006 and said:

- cash-generative
- strong management
- good technology
- low valuation

With new CCTV orders investors should take a look, especially following the heavy director buying of 4.8m shares a few months ago. The ex-Rolls Royce Chairman bought 2.6% of TGP and Paul Frodsham from 21st Century bought 2.3%...

New products are being developed by CCTV on top of the CCTV and black box trackers, and they were showing reecntly at the 2005 Coach and Bus Fair at Birmingham's NEC.

With a m/cap of 8.6m against 35m sales on publication (my figures - Shares Mags' are slightly out) and on a P/E of 5 they say TGP is an "undiscovered story".

There is much more to be said, but that's a good summary. Downside is minimal imo due to NAV/asset backing and the incredibly low P/E, whilst upside is high and potentially a two or three bagger with news from the CCTV operation.

Hi rivaldo, gf, woodie and others,

Great end to year. Would think that this will surge (given a half decent trading statment and newsflow) in the new year.

I would think that this bb will get busier as months go on.

Good to see you keeping the bb alive on advfn riv.

I'm already in via a trust fund but I'm now going to put some personal funds in. Excellent posts thanks, this company has a good feel to me, fairly similar to Just Car Clinics, good products, nice cash flow, low pe, rising earnings, directors buying in, what more does the average medium/long term investor want? - Why didn't I buy more at 11p!?

(Perhaps as an afterthought they need to do some serious advertising or have I missed their ads?)

Welcome aboard turnerpa!

Funny you should mention jcr, my old man is good friends with Barry Whittles - CEO, he does work for them on a consultancy basis. Yes they have had a good run.

I think once some newsflow comes out then these will surge.... I have held since 8p and think that this is an undiscovered gem and its sp could well have a 2 infront of it before long!!

GL

Tipped in Trendwatch this morning.. a very reputable publication imho:

Trendwatch concisely describes the company's four
> main businesses under the heading Insurance
> Services, Technical Services, Distribution, and 21st
> Century. It then concludes thus:
>
> ".......Why do we like this company? Because it
> appears to be significantly undervalued. The
> directors certainly seem to think so, since they
> have been heavy buyers. Brokers are forecasting
> earnings growth of 28% this year and 17% next, yet
> it's rated on a 2006 p/e of around 5, which seems
> extremely harsh. It certainly doesn't reflect the
> effective restructuring that took place in the first
> half of 2005. led by executive chairman Peter Ward
> (whose c.v. includes chairman and chief executive of
> Rolls Royce Cars and Cunard Line) and which is now
> bearing fruit. Strong cash flow from its legacy
> business gives it the necessary firepower to
> increase its stake in 21st Century and keep debt
> under control. So why is the company so overlooked
> and undervalued. The suspicion must be that the name
> change was responsible. Investors lost track of
> their old Toad. News of a big 21st Century order
> should fix that pretty quick. BUY 12.75p; yield nil;
> initial stop-loss 9p."

I've taken the plunge today. Feel there is high upside potential re additional contract wins in the prevailing market.

Totally agree queen 1. Fundamentals alone make these cheap... let alone other deals that can be done.

DYOR and welcome aboard!!

welcome queen1 you wont go wrong with this share over a long period

Thanks legend & Woodie for your warm welcome. I'm looking forward to enjoying the ride with you both!

We need some newsflow to kick on these babies... I would think a trading update will be reported early feb... lets hope to see the completion of 21st century crime together with a deal or 2 reported from them...

Lets hope so Legend. Fingers crossed.

cheers GF.

legend cant see why there would be a trading update in feb last year the reason one was released was a change to the aim market ,also in the middle of dec a new broker note came out as the year end is the 31 dec they was only a few weeks left for the year end these figs will near enough be spot on.i see the only reason for a news release will be a contract win.
the s/price looks like it has formed a double top at 14p going back from a year ago to get through this level it needs positve news otherwise it is trading in a range.

Thinking about going in on this one... sp showing signs of recovery ? anyone any news & views?

skyhigh see my post 149 results out in march

Likely to move foreward as march results approach as there must be some expectation that figures will be seen to be improving.

nice rise so far today

Bought in this morning at 11.75p... onwards and upwards...no target in mind but would settle for 50% rise in next few months.

skyhigh welcome aboard

Thanks Woodie.. it's good to be on board... here's hoping ! :)

Still in these and waiting for that big break out. all in all still very cheap.

cheers Gf.

i have got the next set of results from the co which is 22/03 not long to wait

Results out today look pretty encouraging to me, with the potential for dividends next year. Anyone with any views?

queen looks like a mixed bag some parts are down some up the interesting part is what you said looks like not far of a divi payment which means the co is confident for the furture.

Overall looks good for the long term.... worth holding on to !

Indeed, thanks chaps.

Woodie, Daniel stewart have put a new buy note out.. their eps figures are different to the company and are over 2p... this p/e rating is too cheap imho

thanks legend

Its ok, it would be interesting to see any directors dealings over next week or so. Plus also shares mag are likely to cover the figures as this was one of their top tips for 2006

Can anyone confirm if todays holding announcement is buy/sell or part thereof ?

ian they brought shares over a few days after the results
TG21 PLC ('the Company')

Holdings(s)in Company


The Goldman Sachs Group Inc. has today notified the Company that it has a
notifiable interest in the ordinary share capital of the Company amounting to
5,192,344 ordinary shares representing 6.36% of the current issued share
capital.

That seems like a positive sign guys. A push past 13p on the cards?

queen very positive

TGP are pushing up again and are on the verge of a breakout...hopefully Goldman Sachs are still in the market and increasing their stake.

Just to summarise:

1) Nice uptrend being established now from the lows
(2) Goldman Sachs have just bought 6.36% of TGP (5.2m shares). I wonder why?
(3) TGP are on a historic P/E of only 6 based on the true adjusted EPS of 2.16p
(4) TGP are on a current year P/E of 5.4 based on 2.38p EPS
(5) TGP are on a forward P/E of 4.8 based on 2.71p EPS
(6) TGP are on a PEG of just 0.54

Enough said.

Seems to me there's only one way for TGP to go (and that's upwards!).

Yep ! looking good ! onwards and upwards !

its looking good ,what is annoying, is shares mag when they tipped it as a play for 2006 i thought they would cover the stock, all there was on the results was just a 1 line piece on the results.

I am not in these but to those that hold,this stock has been tipped again as a strong buy from thewrongrpice.com,and confirms yours posts thjat the shares have a long way to go.good luck

capetown thanks for info

Woodie... agree with your view re: shares mag. they have a habit of not fully following up on thier tips, particularly when they go belly-up... however, I think with TGP they will have to do a major update soon as they are looking strong. the case for continuing to recommend this as a buy is too compelling to ignore ! (imho)

.

Woodie, skyhigh... there could be coverage tomorrow am as shares mag tend to review the top tips every quarter and with this being the first week in april, I wouldn't be surprised to see something in tomorrow's issue.

I initially thought that because the company was quite discreet about reporting the results (i.e. no notice of results/trading statement), shares mag may have missed them, but i am sure that they know the company has reported it's finals.

ALL IMHO

Halfords issued a trading statement today with excellent news for TGP, i.e most of Halfords' growth coming via in-car entertainment:

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=81353&MenuKey=News.Home

"Motorists are getting on their bikes and going to Halfords which lifted sales 8.4% in the year to 31 March, according to a trading statement.

Ian McLeod, chief executive of the leisure, cycling and automotive products retailer, expects profit before tax to be around 77 million, in line with analysts expectations.

Like-for-like sales for the year rose 6.1% as motorists invested in their vehicles, much of it in what Halfords calls the fast-growing in-car technology sector which includes DVD and sound systems."

This is TGP's in-car multi-media web page FYI:

http://www.tg21plc.com/distribution/vtd/multimedia.php

Tipped by thewrongprice.com too:

"03/04/2006 Buy 13p 3,047.96
TG21 (formerly Toad Group)
TG21 (formerly Toad Group) - Buy - 13p

Since our last update Toad Group has undergone a few changes. It moved to AIM in April last year. One month later, it adopted the name TG21, reflecting its increasing stake in 21st Century Crime Prevention Services which supplies closed circuit television (CCTV) and black box recording systems for use on buses and trains.

By the end of the year, TG21 had acquired 75 per cent of 21st Century, having paid 4.9 million, and it has retained an option to acquire the remaining 25 per cent for 2.1 million.

The groups increasing interest in 21st Century is part of its strategy to focus its business on high growth sectors. Today, its principal activities in are public transport CCTV, mobile phone hands-free installations, insurance replacement of stolen in-car entertainment (ICE) systems, as well as car and motorcycle security and accessory products. According to house broker Daniel Stewart Securities, new investments in 21st Century and Datatool (TG21s motorcycle security and accessories business) should lead to a step up in profitability in 2007.

Last year, the group produced a pre-tax profit of 1.8 million (2004: 767,000) on revenues of 36.3 million (2004: 34.6 million). This translated to adjusted earnings per share of 2.1p. For this year, Daniel Stewart expects EPS to come in at 2.4p, rising to 2.7p in 2007.

At 13p each, the shares currently trade at around 5.5 times and 4.8 times 2006s and 2007s estimated earnings, yet earnings growth this year and next is forecast at 11.7 per cent and 13.9 per cent. Although investors who got in at our original recommendation in March 2003 are already sitting on a 160 per cent profit, we think the shares are worth buying at their current level."

Riva, thanks for this... looks good for the next 12-18months. I'd be happy with 160% increase from here... bring it on !

So why's it gone down again today then? :-(

because it cant go up every day?

Well that could be true WOODIE. However, it's only been up three times in the last two months so one may have expected a little more given the optimism on this BB. And don't get me wrong. I'm a holder and keen as mustard for them to do well. Which is why I asked the question in the first place. But thanks for the incisive reply.

queen1 chart for the last 2 months shows more up days then down,however consisering it has been tipped by 3 different mags ie shares in the last few weeks it has not made much headway as you stated but i would sooner be in then out

As would I which is why I'm a recent acquirer :-)

TGP has developed a nice base now for another run up. The important questions to ask are:

- why have management been granted a fresh set of options at this particular time?
- why have Goldman Sachs bought over 6% of the company
- why have Hazell Carr now bought over 4.2%
- why has 21st Century's web site been revamped and updated with news items and new products?

There's certainly promising news flow now. The Pay as You Drive scheme is on a roll - which should mean lots of work for TGP:

http://www.investegate.co.uk/imarticle.aspx?iid=327052
"Norwich Union deal extension drives Trafficmaster forward

Shares in Trafficmaster (TFC), which supplies digital traffic information and intelligent in-vehicle services, rallied 3% to 41p at 10:55am this morning after the company announced an extended contract with Norwich Union.

Under the agreement, Trafficmaster will supply Norwich Union with 35,000 "black boxes", which record the time, distance and location of a vehicles journey. Trafficmaster already supplied the insurer with 10,000 boxes last year as part of the original agreement.

Norwich Union is conducting an ongoing pilot to investigate motorists' preference for usage-based motor insurance and will use the boxes as part of its Pay As You Drive programme. The scheme has so far recorded over 10 million journeys from 5,000 pilot customers, with an average of 8,500 miles driven per customer. The company hopes to achieve a better understanding of vehicle usage and driving behaviour, thus providing a uniquely accurate risk assessment tool."

And here's a recent article from the Times - yet another piece of kit for TGP to install. Note that "The European Commission, which funded the study, has set a deadline of 2009 for eCall to be fitted to all new cars."

Here's the article:
http://www.timesonline.co.uk/newspaper/0,,171-2150190,00.html
"Had a crash? Well here's a car that can call for help
By Ben Webster, Transport Correspondent

ROAD deaths could fall by 2,500 a year across the European Union under plans to equip all new cars with a device that calls the emergency services after a crash, according to a study.

Ambulance response times are predicted to fall by 50 per cent in rural areas and 40 per cent in towns, giving paramedics a better chance of saving lives. The device, known as eCall, tracks the cars movements by satellite and is linked to sensors positioned around the car. To avoid false alarms, a message is sent to an emergency call centre only if at least two sensors are triggered."

Daniel Stewart reiterated their Buy stance on 8th May - TGP are on a current year P/E of 5.6 and a forward P/E of 5...

2006 2007
Broker Date Rec Pre-tax () EPS (p) Pre-tax () EPS (p)
Daniel Stewart 08-05-06 BUY 2.60 2.40 3.70 2.70

The AGM is soon, on 23rd May. Goldman Sachs and Hazel Carr have bought over 10% of TGP between them recently. Short or long-term, they will have done their research.

21st Century have so far fitted 3,500 Arriva vehicles. This still leaves 50% of the UK fleet, but trials are going on in Europe, where there are a further 11,000 vehicles to fit....

TGP will also be going for further regional bus fleets as an even bigger opportunity. But there are further opportunities in ambulance, fire, police, trains, taxis, cash-in-transit vehicles - if any of these take off the potential is vast. And if they don't, the Arriva opportunity is more than enough.

There's also a new news item on the 21st Century web news page - a 4 page PDF file called "10/05/06 FUTURE WATCH - CCTV for the future - Spring Edition - 1.7MB".
http://www.21stcenturycctv.com/

One of the articles relates to the Coach & Bus exhibition at the NEC - "Apart from making many new contacts, we were able to confirm what we had believed for a long time that we have a huge competitive advantage over other CCTV companies.

No other suppliers at the show were able to demonstrate tried and tested Wi-Fi capability, Heartbeat or Auto-Video download."

And there's a lot more publicity this week for road pricing which is being promoted by a government minister, all of which will also help the take-up of Pay as You Drive - which itself is being expanded by Norwich Union per this article today:

http://www.vnunet.com/computing/news/2155779/insurer-revs-black-box-trial

Things seem to be building up a head of steam for TGP. Hopefully the AGM RNS will be as positive as the last outlook.

Thanks for this rivaldo... last year peter ward issued an agm statement, lets hope he does the same this year!!

looking good with the smart money moving in ahead of the agm.

Earlier06 - sudden falls, anyone know what spooked the market?
(about two months ago - was the agm rubbish?)

what a pile of rubbish this is..glad Igot out a few months ago..

Well now, we seem to have Dirs buying a few shares (well under my 50k interest-level, at c.5k)....and the sp is distinctly southwards - can it be the Market has it wrong? (currently c.5p)
This eCall - won't it be out to tender? Or does TG21 have all the Patents sewn-up....I find this difficult to believe. And even if they did, they won't have enough service personnel (will they?).
So whilst it looks good on paper, it is a pile of rotting fish.
I have a small holding from av 12p-ish and likely to remain so. IMHO, and a pretty daft company-nane also.
Huh!

It is a pile of rotting fish - glad i got out last year. Hangon, checkout RodgerLodger posts in iii for background info. His posts were prediciting current SP for a long time.

Oh dear, a further fall as predicted in Shares.
I reaalyy should stop backing losers....are they short of cash, or is it just bad ideas they have?

Hello - bit of a bounce today. Dead cat or genuine recovery?

Genuine dead cat !

Maybe. Up 15% though so far today.....

Yeh... like so many other shares of this nature sp has gone down over the summer.. probably oversold and just coming back up a bit... can't see this taking off so

TG21 Plc
19 September 2006



TG21 PLC ('the Company')

Holdings(s)in Company


The Goldman Sachs Group Inc. has today notified the Company that it has a
notifiable interest in the ordinary share capital of the Company amounting to
6,592,344 ordinary shares representing 8.07 per cent. of the current issued
share capital.

Looks good I hold these.

time will tell management have had a good few years to get rid of the crap parts taken longer then i thought

looking good for a tick up spread at the moment at 4% which is the best it has been for months

mee too!! picked up another 50k today at 6.1p this am.

10 October 2006


TG21 PLC ('the Company')

Holdings in Company

The Company was notified by letter, received today, that following a purchase of
5,000,000 ordinary shares of 10p each in the Company, Union Discount Company plc
holds a notifiable interest in the ordinary share capital of the Company
amounting to 5,000,000 ordinary shares representing 6.12% of the current issued
share capital. Peter Gyllenhammar holds the beneficial interest in these shares.

Peter Gyllenhammar
Swedish activist investor, Peter Gyllenhammar, specialises in companies trading at substantial discounts to net asset value or in need of restructuring, often through his investment vehicles, Erudite, Fvaltnings AB and Silverslaggen. He often seeks board representation and works closely with management. Gyllenhammar has a background as an analyst and corporate finance advisor to several major Swedish corporations. He has interests in a number of UK public companies, and is chairman of British Mohair Holdings, and a director of Browallia International. Current significant holdings include Densitron Technologies, European Colour, The Jarvis Porter Group, Lonrho Africa and The Sherwood Group

Very interesting WOODIE. Very interesting indeed. So there's at least one individual out there (besides you & I of course) who sees the potential in TGP.

the disappointing thing is the s/price as since the start of the year it has been poor with other institutions you would have thought it would have held the s/price up

Agreed. Still it's at least stable at present, hopefully forming a floor for a push up with news.

TG21 Plc
12 October 2006




TG21 PLC ('the Company')

Holdings in Company


The Company was notified by letter, received yesterday, that Goldman Sachs
Group, Inc no longer has a disclosable interest in the Company's shares.

...but the shares were up today. Odd...but good!

NMT alarm as Gyllenhammar snaps up stock
DOUGLAS FRIEDLI

A BATTLE between activist investors is looming after Peter Gyllenhammar, the Swedish financier, bought a stake in NMT, the safety syringe developer chaired by Lord Kalms, the former Dixons boss.

Gyllenhammar snapped up 50,000 of NMT stock through his Union Discount vehicle, taking his previously undisclosed stake in NMT up to 2%.

The Swede has a history of challenging management and forcing changes at dozens of companies where he has been an investor, including AorTech, the heart valve developer, and Murray Financial, the former carpetbagging firm.

NMT's board was recently taken over by another group of investor activists. Lord Kalms was installed in September alongside director Jonathan Lander and Nicholas Lander by Volvere, a company in which all three are involved.

The trio got rid of the previous management team, headed by chief executive Tony Fletcher, after accusing them of making money while the company failed. They have yet to announce any deals or reveal their strategy for the company.

Private shareholders fear the Landers and Kalms are simply after NMT's 6m cash pile. One last week suggested that private investors should band together and demand an extraordinary general meeting at which the new directors would have to reveal their plans.

But Lander told Scotland on Sunday last week: "We feel quite strongly it is important to say things only when there are things to say."

NMT, which has no factory and almost no staff at its Livingston headquarters, has attracted interest from senior business figures which is out of proportion to its size.

Sir Chris Evans, the biotechnology tycoon, launched a takeover bid through his Zi Medical vehicle which was rebuffed by the Landers last week after five months of negotiations. Zi's chief executive, Callum McKinlay, previously said he was interested in using NMT's cash pile to commercialise its safety needle technology.

Lex Gold, the Scottish Premier League chairman and former CBI Scotland chief executive, joined the company as a non-executive director in October.

Like many activist investors, Gyllenhammar often makes money by buying companies when the shares are cheap and then forcing changes which raise the share price. But he has occasionally had his fingers burned - two companies in which he invested, Carbo and Gaskell, collapsed last year.

Three years ago he was reported to have suggested that AorTech, in which he had a 10% stake, could increase its 5m cash pile by investing in two property companies of which he was a director.

He also called for Murray Financial, then run by Ken Murray, to be wound up and for cash to be returned to shareholders while he was building up a stake of almost 30% in the business in 2003. Gyllenhammar also invested in IndigoVision, the video technology company.

NMT was regarded as one of the great hopes for the Scottish biomedical sector with a factory in Livingston employing 200 scientists, engineers and production line workers. It won a contract with Roche, the pharmaceutical giant, and was expected to benefit from legislation in the United States and elsewhere which would make safety needles compulsory in hospitals.

But the factory closed two years ago due to a lack of orders and the company was reduced to a shell looking for a customer for its intellectual property.

This article: http://scotlandonsunday.scotsman.com/business.cfm?id=143802006

Very interesting move up this afternoon. Is there news brewing?

could be queen my guess stakebuilding

A little movement over the last 2 days and out of the 6p-7p trading range which is good to see.

And another move up today. Anyone any ideas as to what's started this particular ball rolling?

results out soon queen1, will be interesting to see what they say...

Indeed. The shares have stabilised of late so I'm not expecting any nasty surprises. We'll see though how much good news, if any, the results contain.

Well two days of falling sp looks nasty to me.....

A notional rise today after the news that Peter Gyllenhammar stake is nearly 8% _ Oh Dear that's the kiss of death IMHO - todays rise is on top of a very low price....indeed I suspect this is still an all-time low...Oh Dear!
Or
- can anyone recall a co which PG's invested in....er, that's done well after massive falls (er, like TG21)? Has he had any influence since he first-invested in TG21?
I was on a bus this weekend (I joined a queue and was trapped!) and they have mini-CCTV domes installed - but I wonder if these are TG21? - they need some identifier so we can know. Otherwise I can't see what they offer over any other CCTV offering - there are plenty about - I bought a B&W camera with yards of cable, and a night-vision PSU for 14......crikey! you need to sell a few of those to keep execs in suits.
TG21 (what a daft name!), has been a great disapointment to most of the investors - and I can't recall if I was early - or late-early (it was TOAD* then), but you know, it gets to the point where no-one cares. I suspect the execs don't know what to do and as long as they collect a wage and pension why should they?
It's the way UK PLC is set-up that is wrong....there is no incentive for reward and no punishment for failure.
PG watch it! This patient needs your help - get in there with a chainsaw!

* I don't say Toad is abetter name, but it was neutral and not "silly" - very few companies can stand having numbers in their name (or the like of: @, ! -or Greek letters), as they make one wonder the sanity of the company as well as wonder what it means to their customers.....and the answer is "Zilch" - if they want a good name for covert CCTV, then something like "Cyclops" might pass muster, but Toad wasn't that bad as a name....I suspect they wanted to break away from the sp-fall and that was the real reason for change...plus the "Advisors" would make some money doing practically nohing.
And the change has done - practically nothing, for a name change is always a drag!

TG21 Plc
25 September 2007


25 September 2007


TG21 plc ('TG21', 'the Company' or 'the Group')


Interim Results for the six months ended 30 June 2007


TG21 today announces its unaudited interim figures for the six months to 30 June
2007. Over the last few years the Company has moved successfully to reposition
itself from being a distributor of in-car entertainment and security systems to
become a vehicle installation service provider with its 75% subsidiary, 21st
Century, supplying public transport CCTV and other monitoring systems.


Financial Highlights


The results are reported under International Financial Reporting Standards
('IFRS') for the first time, with prior year comparatives restated.


Turnover reduced to 14.2m (H1 2006: 17.4m), in line with the focus on
higher margin business;

Sales of 21st Century public transport monitoring systems demonstrated
record growth increasing 70% to 2.7m (H1 2006: 1.5m);

EBITDA increased to 0.9m (2006: 0.6m), an increase of 44% despite
lower distribution and insurance services sales;

Basic earnings per share up 119% to 0.35p (H1 2006: 0.16p);

Net debt reduced to 3.0m (2006: 3.3m).



Operational Highlights


New business wins for 21st Century division with Arriva Scandinavia,
Go-Ahead Group, Metroline during H1 and Kinch Bus and ACIS post-period end;

Innovative new product trials for the public transport market nearing
completion;

As anticipated, the end of in-car hands-free installation business is in
sight, but the new 'pay as you go' insurance black-box installation business
is now coming on stream;

Exit strategies for legacy businesses being pursued.



Commenting on the results, Peter Ward, Chairman of TG21, said:

'We are pleased with the renewed progress of the business in the first half of
the year. Our best in class public transport CCTV system, sold through 21st
Century, has delivered record profit growth during the period and the Group as a
whole has achieved increased profitability on lower turnover as a result of our
shift in focus toward better quality, higher margin business. We have
repositioned the Group into areas where we see strong opportunities for growth,
namely, public transport on-board monitoring systems and the emerging insurance
'pay as you go' installation market. We have also reduced our net debt in the
period through tight management of costs and we hope to reduce our borrowings
further through exit strategies within our legacy businesses. Current trading
gives us confidence that we are on track to meet analyst expectations for the
year.'

Oh dear - 2 years ago tipped by Shares Mag at 11p - now after PG's involvement (investing in fallen Co's), it's below 6p - that's under half in anyone's money ( spread/costs).
And, I read no good news for shareholders -
Yuk!

So despite the jaunty title of this Thread - the name-change has made no difference.
It was a dull-prospect - - - - - and remains so..... Oh dear.

[EDIT 28.Feb.2008 - about 5, - 5.5 p, ! . . . some News, Plee-e-ease.]

I asked for some news . . . .but NOT this!
Significant excitement ( Up to abt. 5p ), as PG buys more of this dull stock - now holding abt. 18%

Are we looking at an opportune privatisation?

Oh dear.

Good results, if the sp %-rise is any indicator(4.5/5.5pence).
-However, their admin costs are quite high - nearly half the Turnover (DYOR), so I'm not too impressed...also although the sp is up lots (%). it's still way down and despite the good turnover (they say), there is no hint of a dividend...
Furthermore attempting a sale of the Mitcham site is bonkers - Land is almost worthless (currently) and this is a decent site for vehicle installations etc. Unless they have an expensive Mortgage on it, I'd be happier if they kept it; at least until someone makes them an offer they can't refuse....Today's property market is dire. ... don't sell cheap!