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Real-Time news about TG21 (London Stock Exchange): 0 recent articles
|rivaldo: 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.|
|gogoneko: 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.|
Normally I'd join in a gripe against the mm's but recently I've seen AIM investors just pile into a stock for no good reason other than to cause a stock shortage and then dive out. I'm not surprised the mm's shut up the online shops, probably in anticipation. Even though I'd love the TGP share price to be much higher I'd prefer the flock investors to rampage a different stock.|
|rivaldo: Excellent - not many shares available then. Any demand and things might get interesting.
Gogoneko, your figures assume an annualised 1.4p EPS this year. If you add on the say 4.5p per share NAV then a share price of 15p-20p becomes perfectly reasonable given the prospects - assuming TGP deliver.
The TFL contract is a bonus rather than a necessity - TGP's prospects are good enough without it, but stellar with it. The same applies to the £2.7m property sale.
The good news is that with the EcoManger rollout, plus the 21st Century CCTV implementations, we are likely assured of good news flow and results for the next year or two.|
|woodie3: RNS Number : 5571Q
15 April 2009
15 April 2009
TG21 plc ('TG21', 'the company' or 'the group')
Acquisition of remaining 25% of the ordinary shares in 21st Century Crime Prevention Services Ltd ('21st Century')
TG21, the vehicle installation service provider supplying public transport CCTV and other monitoring systems, today announces that it has acquired the remaining 25% of the ordinary shares in 21st Century Crime Prevention Services Ltd ('21st Century') and that as a consequence 21st Century is now a wholly owned subsidiary of the group.
21st Century supplies on board CCTV and other monitoring systems to the public transport market and for the year ended 31 December 2008 made a profit before tax of £1.6m on turnover of £7.7m.
This acquisition is pursuant to the option agreement dated 18 December 2004 to acquire the entire share capital of 21st Century. However, the purchase consideration for this final 25% of the equity of 21st Century has been amended by agreement with the vendor.
The original option specified a cash consideration of £2,107,825 to be paid for the remaining shares immediately that the option was taken up. The revised consideration under the renegotiated terms comprises a mixture of cash, deferred cash and new shares in TG21 the details of which are as follows:
i) £553,912 in cash paid on completion
ii) £500,000 in cash to be paid by 4 January 2010
iii) 10,539,125 new TG21 ordinary shares to be issued to the vendor as fully paid up at 10p per share and with a nominal value of £1,053,913
The vendor has also waived any pro-rata entitlement to dividend arising in 21st Century during the current year. The 2008 minority interest dividend was £300,000.
The shares issued to the vendor as part of the total consideration ((iii) above) are subject to a 12 month lock-in agreement.
Chairman of TG21, Peter Ward commented:
'I am delighted that we have been able to complete the purchase of the remaining share capital in 21st Century as this subsidiary is making an increasing contribution to the group's operations and results.
'I am also pleased to report that, given the current economic climate, we have successfully renegotiated the purchase consideration to include shares in TG21. Based on TG21's closing mid share price on 14 April 2009 of 4.63p, the revised consideration has yielded a saving in excess of £0.5m compared to the original cash consideration and a further £0.5m saving has been made in cash outflow. The purchase also means, of course, that we will retain within the group the future share of profits in 21st Century which previously would have been distributed to the minority interest by way of dividend. It is particularly pleasing and notable that the vendor has demonstrated his confidence in the group with an effective target price of 10p per TG21 share required for him to realise the total value of the sale proceeds which he originally anticipated.
'With full ownership comes a further concentration of the business on innovative CCTV and monitoring products for public transport companies, including the recent development and launch of 'EcoManager' which is aimed at saving fuel and improving safety for bus operators by monitoring driver behaviour.'|
|gogoneko: It could be a replay of the share price action on announcement of last year's results: A sudden rush of enthusiasm and then a gradual sell-off.
I think to avoid a repeat performance the company needs to keep good news flowing because they haven't done enough to instill complete confidence in their ability.|
|nod: although the share price has fallen significantly over the past five months Mr G has bought 'only' two million shares in that time. he may be waiting for the price to fall or he may be hoovering up the small sells.|
|gogoneko: Recognize this from August 6th? :
"We are particularly excited by the prospects for EcoManager which is aimed at reducing fuel costs for bus operators and other fleet managers. EcoManager has received excellent results from recently completed trials. In the current economic climate with the spiraling cost of crude oil the launch of this product, which is the culmination of two years' development and testing, is very timely"
How times have changed and how different the world is now to the one which painted a reasonably convincing picture of EcoManager as the "must have" item. I'd say now, with oil at half the price, it will be seen by clients as an optional extra and so the company will probably soon be lowering the volumes and/or margins. If there was ever a management to get timing wrong, it's TG21.
The only part of the business which I think still has a future is CCTV, but with TG21's legacy businesses eroding profits I wouldn't risk staying invested long unless significant orders arrived.
p.s. I would also mention that although PG is doing a fine job of supporting the share price he is also, I expect, sitting on a darn hefty loss on his TG21 investments and had he not continually hoovered up shares we would have been looking at a price of sub-2p at this point - so to date he hasn't shown good investment judgment with this company.|
|rivaldo: For my sins I'm still in this one :o))
TGP now has a mere £3.67m m/cap, which compares to:
- £4.4m of NTAV, including a substantial property
- £12m of annualised turnover
- £0.44m of annualised net operating cash inflows
No-one here has mentioned the new 21st Century web site, with a number of news stories from the last few months:
In particular, it's worth noting that as well as CCTV in buses and the new products which appear to be selling well, 21st Century are also implementing solutions for:
- emergency vehicles, and
- bus/transport depots
These offer entirely new and large markets, as well as the possibilities from Arriva's relentless European growth and the reeling in of Go-Ahead as a customer.
The waiting for this one to come good has been ridiculous. In particular I'd like to see some more director share buying (there were some bits and pieces in 2006 and 2007).
I do believe TGP are on the right lines. The transformation has obviously not gone as well or as quickly as hoped - the Norwich Union decision was unexpected, though I think this side of the business could still take off eventually in one form or another - but I find it hard to believe given the above stats that the share price could fall any further. But who knows in this market?!!|
|rivaldo: Staymour, I like your style!
I'm not bothered about daily fluctuations. For example, here's a snippet from the Times today about "intelligent congestion charging". TGP already have the lead in the market in installing Pay as You Drive equipment - so who do you think will get a large slice of installing these tracking devices...
In a couple of years' time, with the CCTV division spreading its wings, Pay as You Drive taking off and the core insurance business etc trading nicely the TGP share price could be at 30p or upwards imo, whereas the downside from here is tiny. Here's the article:
"TfL plans to make the changes from 2009, when it will relet the contract to manage the congestion charge scheme....Cars would be fitted with satellite tracking devices and be charged for each mile they travelled, with the tolls varying from 15p to 60p a kilometre according to the level of congestion."|
Tg21 share price data is direct from the London Stock Exchange