Thanks for the feedback SOG, v interesting. There's a huge market for what GOS sells, and as we know their customer base is v impressive.
Found this interesting, this danish surveillance company was bought by BAE for ££127m! : -
---------------------Mass interception capabilities are advertised by several surveillance companies in attendance at Security & Policing, including UK-based GOS Systems, which advertises its “mass interception” capability, and iPS, which advertises a “system designed to acquire information from multiple service and network providers using passive, in-line or tactical probes” along with “deep packet inspection” technology used to filter the captured data.
The intelligence unit of defense contractor BAE Systems will also be exhibiting. In 2011, BAE bought a Danish surveillance company ETI for £127 million, a company which advertises how its interception solution “can be used in high-speed access lines, international gateways, and sea cables.” --------------------
GOS Systems is already a very valuable asset, and ITS itself should be a very strong performer when it returns to the stockmarket.
I like the way that they're being cautious before making any further acquisition to the purchase of GOS in November 2014, so that they can be certain of quality and value, and don't overstretch themselves.
And the icing on the cake is the strong link with (and minority stake in) Cambridge Quantum Computing Ltd.
Received share certificates from Canada. Emailed the company on the 23rd July asking for shareholder updates . No reply so phoned Trevor Wells on 0203 301 9331 . We will be getting our new share certificates soon in Intelicrypt Tactical Solutions Ltd . He sounded positive and up beat about the companies future . They want to build GOS into something very substantial with critical mass before coming back to the market. Talked about GOS IMSI boxes technology. They have to be careful of competitors in the market place so could not say much more. After speaking to him I wish I could buy more
On the contrary SD, since TGL was refinanced as a shell in April 2014, at 0.275p per share, the s.p. has doubled, and TGL has delivered a quality acquisition in double quick time, and at a bargain price. That's a lot better than the majority of shells over the same period.
And since the acquisition of GOS Systems it has made impressive progress, with investment into its infrastructure and a series of deals.
I don't really see the point in continually going back over the old gold days, but there was actually a great deal of development, which sadly was wasted due to the sector imploding.
£1M. of turnover is recognised as being a major milestone for small companies, so is not to be sniffed at, especially when the quality of the revenues is very high, as in this case: i.e. about £0.5M. of recurring revenues p.a., and very high margins.
There's a wise business saying that: "Turnover is vanity, profit is sanity". GOS Systems should be able to generate more profit from £2M. of turnover than many companies do from £20M.
It's the sales going forward that are most important, i.e. 2016 and onwards, and there's every reason to be optimistic, despite your public undermining of the company.
But you think the shares MUST be worthless, because your stockbroker doesn't show a value for delisted shares, so I wouldn't expect you to appreciate the quality here.
attacks GOS should be booming, is it though? Surely they should have a higher turnover than 1m quid..... The companies lack of communication, accounts, updates, new shares etc etc remains as much of a mystery as it was in its gold mining days when most of the board out of the blue just got up and resigned after drawing their lovely jubly salaries for a couple of years of just sitting on their asses and bugger all! This lot too just score, fail, fail fail...
I just hope and pray that one day I will get something back on this pos....
JDG started out in 2003 as a �2M. AIM shell, similar to TGL in 2014.
And the directors of JDG had a lot of their own money invested into JDG, as do Ilyas Khan & co. into TGL, making them at once very incentivised and very careful.
In addition, TGL's first acquisition, GOS Systems, certainly embodies some desirable acquisition traits: a niche business, exporting, that owns the intellectual property, as well as providing essential services with recurring revenues.
Former shell JDG, a 25-bagger, is a good lesson in what can be some desirable RTO traits: i.e. a niche business, exporting, that owns the intellectual property:
"Judges Scientific: the precision instrument maker that came about by chance David Cicurel explains how he built a �100m scientific instrument group after stumbling across a sector boasting 2,000 UK companies
By Alistair Osborne, Business Editor 6:00AM GMT 17 Dec 2013
� He began examining different types of deals and, among the dozens that came his way, he found one particularly �puzzling. It had �3m turnover and �750,000 operating profit, with 19 staff. It looked too good to be true.� It was FTT.
He met the owners, �an engineer and a scientist, who were both looking to retire. They explained they had a dominating position in a tiny world niche and that the drivers of the business were regulation and globalisation. �I thought that�s a really good business to have if you have little money, you can still be powerful,� he says. �It�s better to be in a little principality and you�re the prince than competing with big empires when you don�t have the wherewithal to do that.�
Cicurel, who owns 15.6pc of Judges, wondered if FTT was a �unique thing�. So he did his �homework and found there are 2,000 companies in that sector, just in the UK�. Not only that. They export almost four-fifths of what they make.
FTT became the first of 10 acquisitions in the sector, together costing just over �30m.
... Judges� strategy, he says simply, is �to find good companies, very nichy, and pay down the debt. We probably see about 50 deals a year and engage seriously with three to five. They are not family businesses. I think people start them at 40 and sell them at 60. We�re normally buying because the people are getting old and want to retire.�
He always looks for certain things: a manufacturer that �owns the intellectual property�, that sells instruments scientists buy and that has good profit margins and strong exports. �If you are not exporting a lot, you are not meaningful in a world niche,� he says.
Judges� main rivals are far bigger companies - Spectris, valued at �2.7bn, Halma (�2.1bn) and Oxford Instruments (�925m). But Cicurel ensures he has enough cash on the balance sheet to move fast on a deal, topping up the funds in October via an �8.1m placing, following the Scientifica deal.
He points out too that his big three rivals have also �done very well. I shouldn�t say this but in our sector it�s not terribly difficult to do well � though it is easy to do badly. There�s a lot of rubbish out there, you have to be really selective.�
Smiling he adds: �It�s more like mining diamonds than
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