Tekmar Share Discussion Threads

[gogoneko] 20/6/2008 10:54

There's a possibility that Gyllenhammar shared the perception within the company that PAYG insurance was the future and would take off (along with the share price) and had been stakebuilding to reflect that belief. It's feasible considering the other TG21 products are useful, but not particularly groundbreaking. As PAYG appears to be sinking maybe Gyllenhammar is now a reluctant shareholder.

[tanelorn] 20/6/2008 10:17

Too many assets for a fire sale. I'm not selling.

[jadacards] 20/6/2008 07:03

ino the business will be passed on for peanuts and the small shareholders will be the only ones likely to suffer a loss.

[supreme mo] 20/6/2008 06:56

I personally think mr g might have something up his sleeve....

[nod] 19/6/2008 23:49

the first profit warning on 13-May was rather too subtle for most to get the message and there was little trading. today's clearer message still resulted in very little trading.

without PAYG even Gyllenhammar must be wondering where TGP is heading. the current CCTV business (buses) has good margins but is quite small and there's no evidence yet that TG21 can expand significantly into other areas. it's a highly fragmented industry with many players competing for the same business. TGP could grow through acquisition - as they have done to date - but they would need to borrow from the bank or have a rights issue. it's hard to see either happening for quite a while.

[tanelorn] 19/6/2008 13:06

Management got it wrong once more. ??

Actually management is pretty good, not their fault NU let the side down.

This might prove a blessing in disguise.

Get rid of the excess service sector and concentrate on CCTV. We could see a bid approach.IMO dyor etc.

[gogoneko] 19/6/2008 12:05

Absolutely no surprise that this has appeared, talk about a warning being telegraphed! At least quite a few investors had chance to get out, and it's now over to Gyllenhammar to hoover up again, if it weren't for him the share price would be at 2p and falling.

It's not the end of the company, but it's looking like management got it wrong once more.

[gbh2] 19/6/2008 11:54

Odds on that it doen't adversly affect directors pay, exes and pension plans!

[man overbored] 19/6/2008 11:40

Oh dear, oh dear, oh dear.

[cyberpost] 19/6/2008 11:38

Pre Close Trading Update (TG21)

RNS Number : 0867X
TG21 Plc
19 June 2008


19 June 2008

TG21 plc

("TG21", "the Company" or "the Group")

Pre Close Trading Update

TG21, the vehicle installation service provider supplying public transport CCTV and other
monitoring systems, today issues the following
pre-close trading update:

Further to the Company's AGM trading update on 13 May 2008, the repositioning of TG21 into
public transport CCTV and monitoring systems
has continued to progress well and the Company intends to invest more resource in this
business in the second half of this year.

The Company has, however, seen a further decline in its legacy audio insurance replacement
business and the initial growth in its
embryonic black box motor insurance business in the first quarter has since stabilised
significantly below anticipated volumes.

The Company anticipated that sales in the mature audio insurance replacement business
would fall again significantly this year in line
with the general decline in the in-car audio insurance replacement market. However, sales in
this sector for the second quarter of the year
have fallen more rapidly than projections and the Company believes this trend will continue.
Moreover, demand for black box installations
for the fleet insurance market is falling well short of the volumes forecast at the start of
the year by the insurance industry and the
Company now does not expect sales to grow in the second half of this year.

Despite these disappointments, cash flow has held up well and net debt has been maintained
at under £1m.

TG21 plc expects to announce its interim results for the six months ended 30 June 2008 in
the first week of August 2008.

[biglosses] 18/6/2008 23:16

Beginning to look pretty bad for them now.

Chances are one of their main revenue streams has now been switched off - looks like the market thinks the same given the sharp decline in share price since beginning of April

[nod] 18/6/2008 12:40

Sydney is a lot nearer for me... and the sky was blue rather than grey... :)

i thought the tags may be used in Britain. it seems a very simple and low cost way to implement and collect tolls

[murtceps7] 18/6/2008 07:47

Nod
You went to Sydney to see a system in use at the dartford tunnel :-)

[jaf1948] 17/6/2008 21:13

If it is, the market is ignoring it.

[bearable] 17/6/2008 08:09

Thats bad news!

[nod] 16/6/2008 00:01

a reminder of what TGP said a few weeks ago:
"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."

[nod] 15/6/2008 23:56

TG21 was involved in the original Norwich Union trials but was not involved in the 'live' system. The RAC did the fitting of the NU boxes.

However, if NU now drop the scheme after being so enthusiastic for so long it seems unlikely that other insurers will follow - unless they believe they have a much better proposition than the NU.

I sold my TGP on the 'profit warning'. Although they are on a very low PER, they may find their profits are less than forecast as the economy turns down. TGP has in the past been sensitive to economic downturns.

When I was in Sydney in January they have "electronic tags" for the tolls. With a tag, you drive through the tag lane while those paying by cash have to queue. It was a simple system and seemed to work.

[gogoneko] 15/6/2008 15:29

If it is the TG21 business then at least the problems were flagged up a month ago to give investors time to exit. There may be an RNS tomorrow morning.

[murtceps7] 15/6/2008 12:04

Oh dear !!never mind ! looks like bearable is the only one left in this and even he will be out tomorrow first thing if he has any sense :-)

[gogoneko] 15/6/2008 00:29

Is this the TG21 "black box"?

Insurer stops 'pay as you drive':

[bearable] 11/6/2008 07:48

DOES ANYONE ACTUALLY DEAL PRE-OPEN PRICES?
Or is it the cleaners pricing up?

[bearable] 29/5/2008 08:27

someone collecting these?100k at 6.3p

[rivaldo] 23/5/2008 12:16

Interesting excerpt from Arriva's recent results which I'd missed - this has to be TGP's EcoManager product:



"We remain committed to developing and investing in technology for more
eco-friendly vehicles....A trial of cab-based technology to help drivers improve fuel consumption is also under way. We intend to deploy it further if the encouraging initial results are sustained."

[bearable] 19/5/2008 08:00

On the other hand!