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TG21 PLC (previouslyToad) A New Name For A New Beginning. (TGP)     

goldfinger - 24 May 2005 23:18

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


cchart.php?epic=TGP&height=152&width=245cchart.php?epic=TGP&width=245&height=152cchart.php?epic=TGP&height=359&width=580

WOODIE - 19 Sep 2006 14:54 - 201 of 223

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

WOODIE - 19 Sep 2006 16:20 - 202 of 223

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

legend290782 - 19 Sep 2006 18:13 - 203 of 223

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

WOODIE - 10 Oct 2006 18:54 - 204 of 223

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.

WOODIE - 10 Oct 2006 18:54 - 205 of 223

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

queen1 - 10 Oct 2006 21:55 - 206 of 223

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.

WOODIE - 11 Oct 2006 06:27 - 207 of 223

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

queen1 - 11 Oct 2006 20:06 - 208 of 223

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

WOODIE - 12 Oct 2006 17:23 - 209 of 223

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.

queen1 - 12 Oct 2006 22:00 - 210 of 223

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

WOODIE - 12 Oct 2006 22:16 - 211 of 223

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

queen1 - 17 Oct 2006 18:24 - 212 of 223

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

WOODIE - 17 Oct 2006 18:55 - 213 of 223

could be queen my guess stakebuilding

queen1 - 14 Feb 2007 09:22 - 214 of 223

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

queen1 - 15 Feb 2007 18:56 - 215 of 223

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

legend290782 - 18 Mar 2007 20:06 - 216 of 223

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

queen1 - 19 Mar 2007 20:32 - 217 of 223

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.

hangon - 22 Mar 2007 11:39 - 218 of 223

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

hangon - 17 Apr 2007 11:51 - 219 of 223

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!

WOODIE - 25 Sep 2007 07:40 - 220 of 223

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.'


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