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 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....