Tekmar Share Discussion Threads

[nod] 20/11/2007 20:25

mo - i would guess that PG has a small army of analysts giving him advice and doing indepth "insider" research. he's been a shareholder for well over a year now and keeps buying. as you say, PG's interest looks to be more than a punt.

The other insiders have also been buying. In particular, Paul Frodsham, founder of 21st Century, now holds 3.9% of TGP

Ward, Grimond, Voss and Jennings now own 7%

Voss has been squirrelling his holding into his SIPP, indicating a long-term investment.

[supreme mo] 20/11/2007 18:46

nod totally agree - pg only needs to buy another 85% then he will own the whole company!!!

He has bought too many times for this to be 'just a punt' - must know more than other investors about the co imho.

It is more reassuring than anything else..

[nod] 20/11/2007 18:12

Peter Gyllenhammar mops up everything between 5p and 6p which has provided support for 5 months while the market has been volatile. I guess TGP could easily have stayed below 5p had PG not been around.

Public transport is doing well because of the high fuel costs and 21C should be growing. But we really need to win a PAYG contract or make another bolt on acquisition to compensate for the legacy business.

[tanelorn] 20/11/2007 15:58

Yes full year results should be interesting, circa March 2008? - This share is imo good value, picked up another £10k a few days ago.

Regards
Tan

[rivaldo] 20/11/2007 15:56

PG up to 15.2% now per today's RNS, buying another 600k shares. Given the asset backing and the profitability TGP must be quite a safe play in the current market!

I'd love TGP to announce a sale and leaseback of the property, or some such measure to utilise its obvious value. That would really get things going.

Still, with all the activity on the 21st Century CPS front, and the decent interim outlook, I'm pretty optimistic now, certainly much more so than before. And PG is obviously happy to continue accummulating a pretty large stake.

[tanelorn] 19/11/2007 22:55

If i tried to buy that volume , it would cost me a premium. Am i being churlish ?

[qut] 19/11/2007 22:44

Looks like big Pete was buying today!

[whatlp] 19/11/2007 19:37

i thought big Pete was buying, not selling?!

[supreme mo] 19/11/2007 17:34

some big trades at the 5.5p level - i wonder if mr gyllenhammar has anything to do with them ;-)

[qut] 16/11/2007 23:27

They must have heard you nod!

[nod] 14/11/2007 20:20

i think this is the longest period of flatlining that TGP has had for a long time. nearly one month now.

[nod] 14/11/2007 20:19

TGP mentioned PAYG trials for "several" insurers, so i would guess that other insurers are ready to go if the numbers stack up. TGP were fairly positive about the PAYG business.

"Recently the Company has completed a number of installations for a pilot 'pay as you go' motor insurance scheme with a major insurance company and has several other similar trials in progress. The Company was awarded these opportunities on the back of the long and valued relationships which it has developed in this market through its insurance replacement services."

"The division now also provides black-box installation services for the embryonic 'pay as you go' motor insurance schemes operated by several insurance companies. We believe that the potential growth from this business is significant."

"Our focus within this division will now be on the installation of public transport CCTV and 'pay as you go' systems which we anticipate will compensate in the short term and yield stronger growth in the medium and long term."

"Current trading and outlook
The performance within our Public Transport CCTV division and the prospects for growth from 21st Century's new products and 'pay as you go' are encouraging."

[tanelorn] 09/11/2007 20:06

basketbob and whatlp

Yes of course, you're both right.

However, insurance is industry led, that is, if one successfully cherry-picks like Direct Line did in the 80's the others have to follow.

Also my point wasn't that RAC are installing for NU, but that if the gradient is towards these black boxes and pay-as-you-go, then there will be more than enough business for every company with a serious national coverage of engineers ready to install.

Back in the eighties i owned a brokerage with a turnover of circa 2M, i've seen it before. Personally i believe the insurance industry is slow to react, they're more reactive than proactive. All it takes is for the NU to launch a national advertising campaign, to open the flood-gates, and the others will react

We know from TG21 that they have received numerous enquiries from insurers with regard to capacity of engineers should the need arise, it all comes down to the success of the NU.

Plus TG21 are already running trials probably as sub-contractors for RAC?

Lets just see how it develops over the next two year.

[whatlp] 09/11/2007 19:03

BTW - Norwich Union have a deal with the RAC and not TG21

[basketbob] 09/11/2007 17:59

Or a high level of sickness at the moment?

Your hypothesis is very circumstantial.

No offence intended.

[tanelorn] 09/11/2007 17:00

I rang the Norwich Union asking about the availability of PAYD insurance in my area. "NO problems" they said, " its available in all of the UK excluding some Scottish Isles, the Isle of Man, and the Channel Islands". ( Therefore not in my area ! )
However the point was that it took three minutes on hold before i got through and whilst i was asking general questions, the male operator actually said that there "was a queue of people holding on the line " the inference being, 'please be as quick as possible as we are struggling to cope with the demand'.!!
Now i know this quick check hardly guarantees orders are flooding in, but nonetheless it seems that way.

[nod] 02/11/2007 20:11

Good find Rivaldo.

I wouldn't have thought many cars with Satnav/GPS/IVU were the low usage drivers the NU PAYD scheme was aimed at.

But the beauty of this data-centric approach is the huge variety of metrics that can be used to tailor insurance policies from the data collected. Each insurer could tailor policies that are aimed at a completely different segment than their competitors.

For example, one insurer may go for low mileage users while another goes for high mileage long-distance drivers. This is where the actuaries come in - mapping the data to accident and risk profiles.

[rivaldo] 02/11/2007 12:55

Note the comment about PAYD being expanded to "hundreds of thousands" in the next year:



"October 11, 2007

So Simple, Even a Comcast Sub Can Do It
By Jim Barthold
Speaking of gas - OK, so we were talking about GaAs, if you want to be picky; still sounds the same - an insurance company in the U.K. has come up way for drivers to save on their car insurance by using GPS technology. And while the notion so far is all satellite-based, you have to wonder if there isn't some kind of opportunity for the clever cable operator that deploys a wireless mesh architecture in its metro serving area.

Norwich Union's Pay as You Drive Insurance plan uses an in-vehicle unit (IVU) already installed in a lot of cars for GPS road mapping systems and satellite radio, then adds some specific software - the secret sauce, as conference presenters love to say - to track driver usage and driving patterns. The insurance company then develops rates for good drivers and penalties for bad drivers based on information the IVU's report.

"You're only really paying for usage," said Tony Lovick, a pricing actuary with Norwich Union speaking at Teradata Partners' User Conference and Expo in Las Vegas this week. "You're not paying a fixed annual fee."

The process, now being tested by about 5,000 drivers in the U.K. but expected to expand to hundreds of thousands in the next year or so, gathers the driver information and feeds it back to a Teradata enterprise data warehouse (EDW), from which it's retrieved and dissected by Norwich Union. The results are included in insurance bills."

[woodie3] 02/11/2007 12:48

nod no probs i still cant remember what the product was.

[northernrocks] 02/11/2007 11:24

PEGS is moving up on large volumes taken up IS there any links with Petards and possible bid ? EPIC PEG.

[northernrocks] 02/11/2007 11:24

PEGS is moving up on large volumes taken up IS there any links with Petards and possible bid ? EPIC PEG.

[northernrocks] 02/11/2007 11:24

PEGS is moving up on large volumes taken up IS there any links with Petards and possible bid ? EPIC PEG.

[northernrocks] 02/11/2007 11:23

PEGS is moving up on large volumes taken up IS there any links with Petards and possible bid ? EPIC PEG.

[northernrocks] 02/11/2007 11:22

IS there any links with Petards and possible bid ? EPIC PEG.

[nod] 02/11/2007 09:10

woodie - that's actuaries for you... they always need more time :)

I wondered what the market sentiment was towards the NU scheme. Are customers interested or negative?

The concept is obviously aimed at lowest usage and the lowest risk but what percentage of drivers is this?