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

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.