Tekmar Share Discussion Threads

[rivaldo] 08/1/2009 14:34

Nice rise. I'm sure I saw yesterday a 250k buy here - and I assumed it was Gyllenhammer topping up again - but on m.o.n.e.y.a.m it seems to have disappeared.

[gogoneko] 19/12/2008 21:36

nod,

I only see a slight difference to your latter point in that I don't think TG21 has an option to sell. I understand that Drake has an option to buy, i.e. TG21 is committed to the sale if development permission is granted, otherwise Drake may presumably take legal action if TG21 refuse to sell.

Equally though I think it commits Drake to non-negotiable £2.7m. It could be that in today's commercial property market (which I understand is collapsing and may revalue the property again to £2.5m for example) Drake may try to negotiate a release from the agreement for a fee.

I'm sure there are others who have a better understanding of the intricacies.

[edit] Actually, after a second read to confirm my second paragraph, it looks like Drake has no obligation whatsoever to purchase the property so can walk away at any time (as per CCL and their commitments!).

[nod] 18/12/2008 20:45

I doubt that CCL has positive net assets. TGP's loan has probably been keeping CCL operational. You would have thought there was some value in merging with 21C but obviously not.

It looks as though TGP is warning that they will have a one million write down this year: 600k for the property loss and 430k for CCL.

It doesn't say they will sell the property (does it?) only that they have an option to sell at a price which is 800k less than the book value. If they sell the property it will off-set the write-down but if they don't the accounts will not look pretty.

[tanelorn] 18/12/2008 15:28

Force CCl to pay, or pursue a court order leading to liquidation. Then, if it's worth more than nothing buy from the receiver for a pittance.

If TGP don't do this they must believe :

1) CCL is worth less than nothing.
2) Re-payment by instalments offers better value/hope.

[cyberpost] 18/12/2008 09:17

The loan to CCL.... why arent they forcing them to pay it back (eg cease their assets ?). They cant just accept its now gone.

Just wondering, is there anybody at CCL that is linked to TGP as well ?

I think the most positive thing in the RNS is the net debt situation - they have done pretty well on that front - in this current climate keeping debt down is vital.

[gogoneko] 18/12/2008 09:03

Not as bad as I'd expected.

Thankfully they've retained operating profitability but it's a shame they've been so careless with other money.

I'm still cautious about the extent to which the installation business is eroding the higher margin profits delivered by PTS - they haven't given any indication at all to that and I expect that the reason is simply that otherwise there'd be a disproportionate amount of bad news... and I'm always suspicious of this management and their selective news.

As I've previously said though, I think that they're going to be finding it harder to sell the EcoManager range now that oil is a third of the price it was last year.

I'll wait until I see more detail in the numbers, but I'm more optimistic at this point.

p.s. I wouldn't get excited about the property deal with Drake filling the coffers - wait until they get the permission they're after (or at least hope that they don't get cold feet) because otherwise TG21 will be stuck in a half-filled office block!

[50plus] 18/12/2008 09:03

Probably just enough to keep the directors in well paid jobs and the odd puter buying a few shares now and then; going nowhere fast imo!

[supreme mo] 18/12/2008 07:56

interesting statement - great in that the 21st century stuff is likely to yield returns, not so great that the money to ccl may not be repaid!!!

good that net debt under 1m - and co is likely to sell land for 2.7m.

happy to hold and see no reason to sell imho.

[rivaldo] 18/12/2008 07:33

Trading statement out!

Excellent news:

"The PTS business also has a good pipeline of orders for public transport CCTV systems from Europe and, if these are delivered before the year end, the Group is likely to exceed its operating profit expectations for the year before exceptional items."

And as usual some not-so-good news, though only a non-cash write-down for the property and a likely one for Cyberlyne.

Overall you'd have to say it's good news. The expansion into Europe is obviously going well, and TGP's "gradual" style of investing has been proven correct in terms of limiting the loss on Cyberlyne.

[turkey3] 25/11/2008 10:22

java script:;

[bearable] 25/11/2008 06:54

didnt do anything for the price!!!!!!!!!!!!

[nod] 24/11/2008 20:27

"two other sour grapes in the market" - I count nearly 2,000 sour grapes lol!

[whiters] 24/11/2008 20:24

Yes it is.

[baner] 24/11/2008 19:16

is this the same Peter Ward who is also chairman of Raymarine and Hartest - two other sour grapes in the market???

[rivaldo] 12/11/2008 12:46

Further news on the TFL work:



" All Press Releases for November 12, 2008

Icomera Connects Live CCTV Trials on London buses

Gothenburg, Sweden (PRWEB) November 12, 2008 -- Icomera AB, the world's leading provider of cellular broadband gateways, has announced that its Moovbox technology has been selected to provide real-time communications for a major trial of live CCTV on London buses to improve public safety. 21st Century CCTV, a division of TG21 plc, has equipped twenty-one double-decker buses in North London with the technology, which allows live images to be transmitted to a central control centre shared by officers from TfL and the Metropolitan Police's Transport Operational Command Unit. The six-month trial on behalf of Transport for London (TfL) will monitor and analyse the use of the technology to decide whether it can help deal with incidents on buses more effectively.

Live CCTV comes to London buses
The LIVEview system installed on each bus comprises a ProGuard digital video recorder (DVR) developed by 21st Century CCTV, connected to a Moovbox M200 Mobile Broadband Gateway from Icomera. Cameras fitted inside and outside the bus record images continuously to disk but the new Moovbox technology means the driver can activate a high-speed link whereby operators can view live or recorded footage in real time. The TfL deployment is the first stage of a major initiative by 21st Century CCTV and Icomera to offer live mobile video streaming technology to municipalities and transport operators for public safety applications.

"Transmitting CCTV streams is a bandwidth-intensive task," said Ola Sjölin, Icomera CEO. "Our mobile gateways employ patented switching and load balancing technology that leverages multiple cellular backhaul links to provide the fastest possible connection for public safety applications such as this. Our relationship with 21st Century CCTV brings together two market leaders to create a best-of-breed solution ideally suited to intensive, mission-critical applications such as that Transport for London is trialing."

"We chose the Icomera Moovbox M200 gateway for this project after careful evaluation," said David Dent, Managing Director of 21st Century CCTV. "The Moovbox has a proven track record of successful deployments with some of the world's largest transport operators, many of whom also use our ProGuard DVR technology for in-vehicle security. We are delighted to be launching an initiative with Icomera to bring this joint solution to market, and look forward to the opportunities we expect will arise following the announcement of the TfL trials."

The LIVEview system is available through 21st Century CCTV and selected channel partners worldwide."

[rivaldo] 06/11/2008 12:09

News:



29 October 2008

TRANSPORT FOR LONDON TRIALS LIVE CCTV

Transport for London is trialling an innovative new CCTV communications system from 21st Century that allows them to view live images from buses across the capital. LIVEview is linked to the radio system which instantly connects every London bus driver to the TfL bus control room and streams live images directly into CentreComm where they can be viewed on demand. The aim is to improve safety and security for passengers and drivers and to improve the available information in the event of an incident for those who need to prioritise the response.

All TfL buses in the trial are fitted with special digital CCTV systems with a built in internet server and LIVEview is designed to work alongside the system which records digital footage from up to 16 on-board cameras located inside and outside the vehicle. LIVEview allows the images to be streamed in real-time using MPEG4 or MJPEG, rather than waiting for footage of an incident to be downloaded once the vehicle returns to the depot.

If a driver alerts CentreComm to a problem that has just occurred, the digitally recorded images can be re-wound to show the incident develop, while the system continues to record. CentreComm staff will immediately be able to see what has occurred and what level of response is required.

Andy Thompson, Head of Performance development at TfL said: "Every London bus has a comprehensive, recordable CCTV system fitted. As technology advances, we are keen to explore how this invaluable bus CCTV system can be further improved to bring even more benefits to passengers."

INCIDENT FINDER REDUCES TIME NEEDED TO RETRIEVE CCTV IMAGES

Finding a specific incident in hours of CCTV footage is always time consuming and therefore costly. An enhancement to 21st Century's award-winning ProGuard system means that incidents can be found within a fraction of the time at a fraction of the cost. By searching through timed 'snapshots' of footage, an operator can quickly narrow down the search and identify a specific timeframe which can then be downloaded for a more detailed examination.

For example, if an incident of vandalism is being investigated, the operator can right click over any image, choose incident finder and is then presented with a 'film strip' capturing a screenshot from every day recorded onto the ProGuard. The operator will see when the vandalism occurred and by clicking on the relevant image, the timeframe will be narrowed down to one hour screenshots and then ten minutes and so on to thirty seconds. The relevant footage can then be quickly isolated and downloaded into an evidence pack.

Using a live wireless connection, the interrogation can be conducted without having to visit the vehicle, remove the hard-drive or download hours of footage for manual playback.

LOWERING COSTS AND RAISING PROFITS THROUGH EXCLUSIVE BUS FUEL SAVER

The first fuel saving system designed specifically for buses, in active use across the UK by over 600 drivers, indicates that bus operators could save up to 20% on their fuel bills. As diesel costs continuing to rise, ECOManager couldn't have come at a better time as it reduces fuel consumption, and carbon emissions - lowering a fleet's carbon footprint by over 5,000kg per bus every year.

ECOManager includes a real time driver's LED display which changes from green to amber to red according to their driving, providing instant efficiency feedback. The 'Black Box' records details from each journey and provides fully automated management reports by driver, bus or route. The system integrates the vehicle's CAN system and therefore uses actual data rather than estimates based on GPS parameters and other algorithmic assumptions.

Operators have found that the savings extend beyond just fuel, by altering driver behaviour, ECOManager also reduce accidents and makes for a more comfortable passenger experience. Maintenance costs are also reduced through reduced wear and tear.

NEW BROWSER BASED SOFTWARE FOR MANAGING MULTIPLE VEHICLES

New for 2008 is the latest Automatic Video Download Manager. This brand new software is now browser based allowing full control from the internet, anywhere in the world. Using the fully comprehensive software, any video footage can be requested from any vehicle in the system and when the vehicles are within range of the Wi-Fi network the required video automatically downloads directly to the server where it can be easily viewed.

For the first time, downloads can be programmed to occur for individual and multiple vehicles on a scheduled or one-time only basis. The scheduling software is designed to remove the need to enter a requested download more than once. Any download request can be recorded and programmed to occur on one or more occasions and for multiple vehicles. This revolutionary enhancement is expected to have dramatic implications for those operators who use the tool to assist with scheduled maintenance and for incident response scenarios where a large amount of footage is required from multiple vehicles at the same time"

[spec7] 31/10/2008 15:53

Oh dear :-) bet the rampers are a bit peed off here !!

[nod] 31/10/2008 12:03

gogoneko - in fairness to PG his style is more like Buffett's. He invests, based on value, for the long term and seems to be happy to get in early... too early it seems with some of his investments. But he's a lot richer and more patient than me so I'm not the one to criticise his investment axioms.

[gogoneko] 30/10/2008 21:30

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.

[nod] 30/10/2008 20:53

mo - looks like small shareholders have been selling. all the nominee holdings listed in the thread header have disappeared from the major shareholder list. only PG and Frodsham are major holders now. Directors still own the same shares as shown in the thread header.

That group of six owns 'about' 36% of shares. Which puts 74% of shares in the open market.

Are these long-term holders? we'll see.

[supreme mo] 30/10/2008 20:38

Either which way, as an investor i would rather see large holders like him in it for the long term - makes you wonder who has sold - haven't seen any transactions that size go through....

[nod] 30/10/2008 20:37

I have TGP on my watch list but nothing entices me to buy just yet.

Results are not until March.
No directors have bought yet (although Paul Frodsham added). I'm looking for Peter Ward to buy as a +ve signal.
Gyllie buying will have held up the price.
Daniel Stewart has not issued an update since June but that had negative EPS. Not good in this stock market.
Legacy business still declining.

Bus operators seem to be performing well. I would like to see some bigger contracts for TGP to show they can grow this new business faster than the decline in their legacy business.

[grahamburn] 30/10/2008 20:09

OK - I give in on a PRECISE percentage: thought I did say APPROXIMATE.

But 5 million odd shares is a considerable amount however you look at it!

And that would move the price if he tried to acquire it in one hit.

[woodie3] 30/10/2008 18:06

all depends on your view,5.7% is all that is required,so to me nearly is the right word,to you it is not.
your "approx 25%" should read "approx 24%" as the increase from his current holding to get to 30% is 23.46%.

[grahamburn] 30/10/2008 15:42

Nearly? He has to increase his CURRENT holding by 25% approx. to get to the magic 30%. That's quite a few shares to acquire! So nearly is not quite the right word.