TG21 Plc - a new name to go with the new beginning

Back on topic....!

Shares Mag said this in summary last week about TGP, calling it one of its stock selections for 2006:

- cash-generative
- strong management
- good technology
- low valuation

With new CCTV orders investors should take a look, especially following the heavy director buying of 4.8m shares a few months ago. The ex-Rolls Royce Chairman bought 2.6% of TGP and Paul Frodsham from 21st Century bought 2.3%...

New products are being developed by CCTV on top of the CCTV and black box trackers, and they were showing reecntly at the 2005 Coach and Bus Fair at Birmingham's NEC.

With a m/cap of £8.6m against £35m sales (my figures - Shares Mags' are slightly out) and on a P/E of 5 they say TGP is an "undiscovered story".

There is much more to be said, but that's a good summary. Downside is minimal imo due to NAV/asset backing, whilst upside is high and potentially a two or three bagger with news from the CCTV operation.

2006 should be a good year for TGP....