Tekmar Share Discussion Threads

[nod] 27/5/2009 19:32

Toad was always "a vehicle installation service provider". Their bread and butter was installing and re-installing security and sound systems.

The distribution was a sideline.

[rivaldo] 27/5/2009 19:03

FYI Daniel Stewart issued a typically bland and uninformative update yesterday following the AGM. Perhaps once the analyst has returned from holiday, as supremo mo found out, then they might update their forecasts (which they've left unchanged at present).

Here it is, FWIW:

"Positive trading update
�� TG21 indicated that trading is ahead of management expectations for the year to
date.
�� CCTV contracts with Arriva in Europe and Go-Ahead Group in the UK made a
significant contribution in the first quarter.
�� Sales of the group's EcoManager system also received a boost when Arriva
announced that all its new buses in the UK and 1,800 buses in their existing fleet
will be fitted with the fuel-saving device.
�� Cash flow remains strong and the group maintains a net cash position.
�� Over the last few years TG21 has moved successfully to reposition itself from being
a distributor of in-car entertainment and security systems to become a vehicle
installation service provider. This strategy is now paying off."

[rivaldo] 27/5/2009 09:46

100,000 bought at 6.7p.

[rivaldo] 27/5/2009 08:53

Gogoneko, agreed about your list of catalysts.

But there's a more simple answer too. If TGP achieve your 0.7p EPS for H1, with an annualised 1.4p EPS, we could see 14p or more by say September post-interims, particularly if the mid-year trading update continues the AGM optimism and gives a specific indication of H1 profit.

Last year's trading update was on 19th June, so not far away, though I suspect this year's will be a bit later since the AGM was later this year.

Certainly with say 5p per share tangible NAV, plus decent profitability and net cash, one could hope for anything from a 14p to 20p share price in the next 6-9 months.

[gbh2] 27/5/2009 08:28

Your commemt is appreciated, I'll not lose hope and continue to retain my holding.

[gogoneko] 27/5/2009 08:23

I reckon that 14p could be in reach before the end of the year if things progress well and if my estimations for revenues/profits are realistic. These probably won't be known until we see the H1 results.

Some things which would help to raise the price:

- TfL is a success
- CCL repay the money
- HQ is sold
- Signing up a decent new contract
- etc.

[gbh2] 27/5/2009 08:10

Any guess as to when I'll get a return on my 14p per share investment???

[supreme mo] 27/5/2009 07:33

Frodsham (brother in law to wilson jennings) sold 21st century to tgp so I would imagine that he sold as the co was too big to handle for his liking, so perhaps he might not want the responsibility of owning a larger organisation than 21st century as he approaches his retirement.

It will be interesting to see how this trades in the next few days. Last week the market makers were keen to mark down the price - so they must have had a seller on their books - but I have not seen any large trades (other than the 250k yest).

p.s. nod do you ever sleep?! lol

[nod] 27/5/2009 03:25

Thanks gogoneko.

Very interesting. Those figures don't line up with the RNS at all.

Morningstar only has Gyllenhammer's holdings under his names but no nominee names.

I may send your link to Morningstar.

Does Frodsham really have 15%
He and PG could take the company private.

[gogoneko] 27/5/2009 00:53

nod,

Take a look at for shareholders as at 30th Apr. '09

PG's are the Vidacos and Chase accounts I think. It leaves 55% "out there" rather than the 78%.

For me there's an increasing chance now of TG21 (oops I mean 21st Century) being recommended at some point prior to the results as there's only a month before H1 ends and I reckon that things seem to be going well enough for tipsters to feel safe enough that they're not backing a duffer.

[nod] 26/5/2009 23:59

TGP ended the day at number 12 on the largest percentage gainers list, showing a 21.95% change

There would have been a lot of eyeballs on TGP today. Many will have followed the link to TGP's positive trading update. Hopefully this will feed through to more buys than today ... if anybody can indeed buy.

[nod] 26/5/2009 23:26

It's disappointing that the market makers can't make a market for TGP shares. I would imagine a lot of investors tried to buy today without success and will have walked away.

I was not able to buy at a firm price and eventually bought through a limit order. This was thru TDW who usually have no problem trading TGP.

The spread was typically 11% and ended the day at 14.8%, which is hardly attractive.

According to advfn there are six market makers for TGP:
Evolution Securities Limited
Kbc Peel Hunt Ld
Merrill Lynch Intl
Shore Capital Stockbrokers Ld
Teather & Greenwood Ld
Winterflood Secs Ld

Gyllenhammer is the only major shareholder with over 3% - he holds 22%.
This leaves 78% out there.

If the MMs want to make a market, they need to raise the offer price to draw out some sellers, but also enable buyers to buy. Otherwise, it's a stalemate and the share price will go nowhere.

[supreme mo] 26/5/2009 22:42

Great day for all concerned and those long term holders.

I would have thought that tgp would have announced sooner the contract with arriva - someone obviously kept that quiet!!!

Now that they are working with them, it might be worth trying to get in there with the cctv business on every bus too.

I wonder how much Peter Gyllenhammar has do do with the Arriva Scandinavia link.... also, given the recent positive press and improvement, could not this make tgp a takeover target in future?

I spoke to someone at Daniel Stewart today and the chap who deals with the co is on holiday at the mo but is due to meet with the company in the next few weeks.

What price target does everyone have here then?? Personally I am happy to hold.

[gogoneko] 26/5/2009 21:19

I would have expected an update to be put on hold for 2/3 weeks awaiting the arrival of the TfL news. It the trials have been successful that could give the share price a healthy boot up the jacksie (50%+ with any luck) as it'd represent additional revenue opportunities to feed into updated forecasts.

Nice 250k trade reported at end of day. If it was a delayed buy, great, but even if it was a sale at least it'll provide a bit of liquidity so the mm's won't need to shut up shop so fast if good news arrives soon. Glad we're through the 6p mark, hopefully the increasing share price will not be accompanied by increasing (advertised) spreads!

p.s. Don't forget that for this year some of the profits are going to go towards the settlement of the 21st Century purchase before 4th Jan '10. It could be that the "net cash" remark is to emphasise that even after monies already part-paid we're still in the black.

[rivaldo] 26/5/2009 20:54

Ta for the updates 8trade, and welcome to the thread.

I don't think anyone has mentioned this extract from today's RNS:

"Cash flow remains strong and I am particularly pleased to report that the Group maintains a net cash position"

Which presumably means that the cash pile is continuing to improve nicely.

I would assume that Daniel Stewart issued an update today - anyone got access?

One would hope that their previous rather, erm, "conservative" forecasts have been adjusted.

[8trade] 26/5/2009 16:01

5.75p bid on monitor but 6.15p bid online, quite a difference.

Still just 2500 offered at 6.5p online too.

[nod] 26/5/2009 12:40

TGP currently at number 15 in today's top gainers list.

[nod] 26/5/2009 12:32

I just bought 15k @ 6.25

Very good trading update. It's a lot of EcoManager systems to be installed, but importantly will keep the business from Arriva flowing and further cements the relationship. All this equipment needs to be maintained and updated.

Also very encouraging that Go-Ahead Group made a significant contribution in Q1

[8trade] 26/5/2009 12:31

Nope, 20k was mine too.

[gogoneko] 26/5/2009 12:29

Looks like a couple of investors have just left the AGM :)

[8trade] 26/5/2009 12:09

Yeah i've got a London landline number somewhere for selftrade !

Reckon this might take off, can sell 250,000 at 5.55p, cant even buy 5k
online but 50k nms.

[cyberpost] 26/5/2009 11:59

8trade



put 'selftrade' in the search box and you'll get alternative geographic numbers.

[8trade] 26/5/2009 11:43

lol

Hardly a position but i'm loathe to paying selftrade 5p a minute
to be put on hold for 30 mins+ to get through to a dealer so i'll
just add when there's any size available.

Surprised at the lack of response to the news, maybe if they said
they were loss making, burning cash and might have to raise funds
then punters would pile in :-))

[gogoneko] 26/5/2009 10:20

So it's not solely the mm's restricting liquidity then, it's 8trade taking a position as well ;)

[8trade] 26/5/2009 10:13

lol

Bought 10k online and straight away you cant buy even 5k online.