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

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!!