Tekmar Share Discussion Threads

[bearable] 19/5/2008 07:56

Looks like it might open BLUE!

[qut] 14/5/2008 20:32

Looks good rivaldo

[rivaldo] 13/5/2008 22:36

Fair comment about the past - but the biggest profits are to be made in looking at the present, not by looking at legacy businesses which have been sold off.

In particular, the NAV will remain high at 5.5p relative to the m/cap simply because much of it resides in property. And TGP is at present highly profitable - in line means TGP will achieve 1p EPS this year.

Daniel Stewart say as much today - they have a 9p target price (up from 7p from memory):



"TG21 - BUY Price: 6.75p Target price: 9p Code: TGP.L Analyst: Vadim Alexandre | 020 7776 6550

AGM Trading Update

TG21, the vehicle installation service provider supplying public transport CCTV and other monitoring systems, issued an AGM trading update this morning.

Overall the group is trading in line with our expectations.

Its public transport CCTV business continues to show strength, recording its highest ever sales performance to date during the month of April. While the company's legacy car audio insurance replacement business continues to decline as anticipated.

Cash flow remains strong and the group's net debt position is maintained at under £1m.

As such, we are confident that TG21 will meet our 08 forecasts of £15.2m in turnover and £1m in PBT. BUY."

[gogoneko] 13/5/2008 22:06

To me this is a plc way of saying "don't be surprised if we don't deliver" to shareholders. I've seen it in quite a few companies who three/six months down the line say "conditions have deteriorated further and ..."!

If things do deteriorate I wouldn't rely on assets to limit the downside because losses can eat into those in one form or another and shareholders generally dump stock of an underperforming business and management without NAV being considered. Peter Gyllenhammar is probably a better downside limiter than the assets but even he may lose faith.

I agree that there is though plenty of upside if they can continue improving the CCTV business and improve performance elsewhere - which is why I'm watching the stock as it would be cheap in those circumstances, but I'm not going to take anything for granted with this company as I've always felt that they're perennially underperformed (as reflected in the share price).

[rivaldo] 13/5/2008 10:30

I disagree. The wording is perfectly clear - TGP are OVERALL trading in line with expectations.

The CCTV is going great guns, and they anticipate revenues increasing further, plus there are new products coming on line. In contrast, the installation/audio is declining - so overall the two are balancing each other out..

But the installation/audio etc is expected to pick up at some point due to PAYD etc - the question is when. The CCTV side I fully expect to continue to grow and to compensate or more than compensate for the installation side until PAYD etc kicks in.

In particular, the NAV is very strong, with almost 5.5p per share of tangible assets (mostly property), so the downside should be covered, whilst the upside remains.

[gogoneko] 13/5/2008 08:27

It looks like a veiled profits warning.

To say that they require significantly more revenues from the replacement business in H2 just to achieve their targets is really bad news. Things are going well in CCTV, but it's looking like if they are to make progress for the FY they have no option but to deliver the increasing orders they talk about. It looks like a risky investment until they can show the replacement work isn't going to spoil the FY party.

[bearable] 13/5/2008 07:49

and the price plummets before trading opens

[rivaldo] 13/5/2008 07:23

A good AGM statement. Trading nicely in line overall, with the CCTV business doing better and better and the audio business slowly declining as predicted.

Looks like 1p EPS this year then for a P/E of 6. If TGP get any further black box business then they may well beat those expectations.

[woodie3] 13/5/2008 07:09

13 May 2008




TG21 plc

('the Company' or 'the Group')




AGM Trading Update




TG21, the vehicle installation service provider supplying public transport CCTV and other monitoring systems, is holding its Annual General Meeting today at 10.30am at The National Control Centre, Drake Road, Mitcham, Surrey, CR4 4HQ. Peter Ward, Executive Chairman, will make the following statement about current trading:




'Overall the Group is trading in line with market expectations for the year to date.




'Our public transport CCTV business continues to move from strength to strength, recording its highest ever sales performance to date, during the month of April. We anticipate a further uplift in revenue later in the year as we roll out the initial sales of our new EcoManager and passenger counting systems in the UK. We are also in the process of tendering for business in Europe for these products.




'Our car audio insurance replacement business continues to decline and, while sales within the embryonic black box motor insurance market are steady, we will require significantly more from this business in the second half of the year if it is to achieve management's targets.




'Cash flow remains strong and, despite exceptional expenditure relating to reorganisation costs arising from the disposals at the end of last year, our net debt has been maintained at under £1m.'

[vs] 29/4/2008 13:14

nod - 29 Mar'08 - 22:36 - 5303 of 5314 (premium)

VS appears to be one of many who has capitulated. He doesn't maintain the thread header any longer. Pity, it was a good one.

Not quite... still holding thanks to a breakeven price of 10p! With ADVFNs streaming service being nigh on unusable on some mornings I have moved to another price provider which also offers cheaper L2. Anyway glad to see a decent set of results here for once. Will update the header when I have a few moments.

[nod] 27/4/2008 01:30

qut - i've not turned sour; i'm just pointing out what i see and don't like.
TGP/Toad used to be good at communicating but seems to have lost the art.

[qut] 25/4/2008 21:42

nod - why have you turned a bit sour now the company's being turned around?? For ages, you ramped every tiny bit of possible positive news you could lay your hands on.

[nod] 25/4/2008 11:27

I'd also like to know why the Board of four is so prominant on the web site home page - including the two part-time board members - when the full-time directors / senior managers are nowhere to be seen. This all looks pompous to me for a little company.

[nod] 25/4/2008 11:20

The TG21 web site has become hopeless.

We are nearly a third of the way through 2008 and the "Business Timeline" on the home page is stuck in a 2007 time warp.

Go to the Newsroom on tg21 and the last company news item is 20 September 2007 about speed cameras being dirt cheap. No news at all about public transport system. For 21C news the reader/investor has to know to go to another site.

As far as I can tell, none of the links from the tg21 site to 21C work:


It's as if TGP think that TG21 is only about Toad.

[supreme mo] 23/4/2008 07:30

Great find, it really does annoy me that the co don't communicate these things to shareholders - things obviously going well.

[rivaldo] 23/4/2008 07:28

Intriguing - a snazzy new web site for 21st Century, and some contract win news too:



"Wi-Fi CCTV fitted to new Isle of Wight fleet
18 January 2008

21st Century has just completed the installation of a new Wi-Fi CCTV system for Southern Vectis, the Isle of Wight's main bus operator. The installations were made to a brand new fleet of Mercedes Citaro and open top vehicles. Southern Vectis has marked the occasion with a further order for 28 more new buses to be fitted in 2008.

Southern Vectis buses not only serve the resident population, including the transport for 2,500 school children, but also the large tourist contingent. The open top buses operate 'The Needles tour', which is reputed to be 'Britain's most spectacular bus service'.

Fitting CCTV to its fleet brings benefits to Southern Vectis staff and passengers. The very presence of a system offers staff and passengers protection from crime and protects vehicles from vandalism. The images can be used as evidence in crime and vandalism cases and can be used to combat fraudulent insurance claims - all of which keep costs down.

All the cameras used in the Southern Vectis fleet are high resolution and IP65 rated. This means that all are guaranteed waterproof, which is especially important for the cameras fitted to the open top vehicles.

The buses have been fitted with the very latest in CCTV recording technology, wifi and telematics. During playback all recorded CCTV is displayed, along with the vehicle's speed, location, indicators and use of brakes, as well as tachometer and G-force readings. 21st Century has also installed its fully automated CCTV download manager and HeartbeatTM, the easy to use vehicle checking system with fault diagnostics.

The operational status of the Southern Vectis CCTV system is remotely monitored by the 21st Century customer service team. HeartbeatTM automatically reports on every CCTV camera installed on the Southern Vectis fleet, and any problems are immediately highlighted and the exact location of the problem identified. Heartbeat provides 24 hour protection at a fraction of the cost of routine manual checks, which may only take place once or twice a year. This dramatically reduces any potential system downtime meaning that whenever CCTV is required, it is there.

Marc Morgan-Huws, Southern Vectis' Operations and Commercial Manager, comments: "The Southern Vectis bus service is an essential part of island life, so it is vital for us to protect it, our customers and our staff, with a modern CCTV system. As one of the UK's fastest growing bus networks, we have to stay one step ahead and make preparations now for future expansion. The 21st Century system allows us to do this because of its extended capabilities.""

[woodie3] 18/4/2008 14:18

TG21 Plc
18 April 2008




TG21 plc

('TG21' or 'the Company')

Notice of AGM



TG21 has today posted to shareholders notice of its Annual General Meeting to be
held at 10.30 am on 13 May 2008 at its offices at The National Control Centre,
Drake Road, Mitcham, Surrey, CR4 4HQ, together with its Annual Report for the
year ended 31 December 2007.


Further copies of the AGM notice and the Annual Report are available on the
Company's website at

[rivaldo] 14/4/2008 12:24

Continuing good PR for PAYD, vehicle security/tracking systems etc:



"Slash 40% Off Your Car Insurance
By Szu Ping Chan | 10 April 2008

Here at The Fool we value our readers' opinions. So, while browsing the comments on the latest instalment of my car crusade, I spotted this pearl of wisdom from Fool reader 4Silvester:

I always cycle to work or use public transport. However I still have my car for shopping trips or long journeys out of town. Twelve months ago I signed up for pay as you go insurance and have cut my annual bill from £600 to around £250. I've saved loads of money and as an added bonus I now think twice before using the car as there is a direct, measurable cost to every journey!*

It got my mind boggling...

Ok, so you don't want to ditch your car. After all, many of us consider our cars as another member of the family. But if you only use your car for the occasional trip, getting a 'pay as you go' car insurance policy may make sense......"



"Raskino proceeded to provide attendees with the example of Norwich Union's pay-as-you-drive insurance service, which employs existing mature technology such as satellite navigation to create an innovative model that tracks the customers' cars and charges them according to where they drive.

"It breaks the mould of driver's insurance," he said. "They can access marginalised markets, like people who don't drive very far in a year. And they add value."



"April 07, 2008 02:00 AM Eastern Daylight Time

Vehicle Insurance Requirements in Key European Markets Boost Aftermarket Potential of the SVT System

....SVT systems, which are still in the nascent growth stage, will expand significantly until the implementation of the e-Call voluntary agreement. The United Kingdom should be the key target for aftermarket sales of security systems. The integration of SVT system with other telematic services, including PAYD, e-Call and other location-based services, on a single telematics box will have a positive impact on market revenues."

[supreme mo] 30/3/2008 18:22

Just to clarify - i have no inside info on the company... but taking a guess - It is interesting how gyllenhammar is building up a stake here and tgp have said that they have done a lot of work for arriva scandinavia - do you think MR G has contacts there to possibly create work contracts for tgp??

Furthermore, does anyone think that the recent disposals have anything to do with him? - he is well known for influencing directors/the board and asset stripping...

What is the nav for tgp? (for some reason won't let me open the results on here) would be interesting to see current mkt cap vs nav.

[rivaldo] 30/3/2008 08:39

Nod, perhaps that's DS' pre-results forecast which they haven't yet updated post-results? They have increased their target price to 9p from 7p as I posetd above which implies a degree of confidence going forward - and rightly so I think, especially given the Balance Sheet strength.

PAYD continues to be pushed - this from the Telegraph recently:



"For example, Norwich Union's Pay As You Drive policy offers reduced premiums if young motorists drive during the saftest time of the day, which is between 11pm and 6am.

Erik Nelson, spokesman for Norwich Union, said; "A look at how much young drivers are saving using Pay As You Drive shows that on average, they are cutting 21pc off their premiums, with four in 10 young drivers saving more than 33 per cent.

"Perhaps the best part of Pay As You Drive is that while people are saving money, their accident rates are falling; young driver claims by Pay As You Drive customers are 30 per cent less than other young drivers.""

[supreme mo] 28/3/2008 21:44

Hi tanelorn,

Your right very interesting - the two companies are unrelated imo, but if gyllenhammar has 29.6 percent in that co, perhaps he may want a similar holding in this now he has broken the 20 percent barrier??? if so then this looks good in the short term for tgp in terms of share price stability.

All of the stock PG has picked up makes you wonder who the bloody hell is selling them?? Any clues???