Avis Europe Share Discussion Threads

[gerry321] 19/5/2006 15:27

Que
I think I have misinformed you re the July )6 date for demerger of Avis Inc .....I havent been monitoring Cwndant for a while
....
It looks like Avis Inc will not be demerged until Oct 06 (see below) by which time only Avis Inc and Travel Distribution Services will be left under the Cendant umbrella
Methinks this could well herald an autumn sale of Avis Inc particularly since
the loan note currently being floated by Avis Inc to buy itself from Cendant will be history and the demerger experience of the other 2 Cendant Cos will be over
from an AVE standpoint it gives well over a year since refinancing for Hennessy & Co to turn the business around........Suspect the half year trading update may be the signal for Bidders to review both Avis Inc and AVE....

Proposed Cendant Separation
With Modifications Approved December 9, 2005 by Board of Directors

Proposal to separate Cendant into four independent, publicly traded, pure-play companies:
Real Estate Services - A leader in the residential real estate services sector – largest real estate brokerage franchisor and operator – premier global employee relocation and mobility services company – leading provider of title agency and other settlement services.
> Download Real Estate Services Fact Sheet

Travel Distribution Services - A powerful portfolio of global brands – strong U.S. and international presence – a leader in the growing travel intermediary sector.
> Download Travel Distribution Services Fact Sheet

Hospitality Services - One of the world's largest lodging companies, with nine of the best-known brands – will now include Cendant's leading timeshare exchange business, RCI, and the Vacation Rental Group, recently combined and renamed the Vacation Network Group (VNG).
> Download Hospitality Fact Sheet

Vehicle Rental Services - One of the largest general-use car rental businesses in the U.S. with two of the most-recognized brands in its sector, Avis and Budget.
> Download Vehicle Rental Services Fact Sheet


--------------------------------------------------------------------------------

Shareholders will own 100% of the equity in all four companies.

Expected to be achieved through three 100% spin-offs: Real Estate Services and Hospitality in the spring and summer of 2006, respectively, and Travel Distribution Services in October 2006.
Expected to be tax-free for Cendant and its shareholders.
Transaction is intended to unlock the value of Cendant's strong businesses for the benefit of shareholders.

Reduces complexity, facilitating clearer understanding and fairer market valuation.
Allows investors to choose how to diversify their Cendant holdings.
Attracts new interest from investors who may not have been as interested in Cendant's aggregate holdings.
Transaction should have no effect on the operation of Cendant's business units.

No change in relationships, in general, with customers, franchisees and other business partners.
Most employees should see no significant changes in daily responsibilities.
Refinancing of Cendant's public corporate debt securities will be apportioned among Real Estate Services, Hospitality and Travel Distribution companies.

No legacy corporate debt for Vehicle Rental Services, but it will assume existing debt related to rental vehicle assets.
Completion of the proposed transaction is subject to certain conditions, including final approval by Cendant's Board, but a shareholder vote is not required.

For more information, please see Cendant's Form 10-Q for the quarter ended September 30, 2005 and Form 8-K filed on December 13, 2005.

[cobweb] 16/5/2006 23:26

Seems to be holding up well at the mo

[m4m] 11/5/2006 10:44

Que

If you click the google search in the header for Avis and then click News, then change Avis to Cendant and search again you might find the answer to your q.

[quepassa] 10/5/2006 14:56

Does anyone know the date when Cendant, the US parent of Avis Inc, demerges?

[cobweb] 08/5/2006 20:30

Analysts visit seems to have spurred some interest...although low volume.

[m4m] 03/5/2006 10:15

Well it has just gone back above 20MA (71.75) and if it closes above it may be worth a punt for a quick 10% or so upside. Some good returns to be had prev (up or down) when it has crossed.

And currently at bottom trend trend line for a bounce ?

[cobweb] 09/4/2006 11:45

No, not trading, just holding. Would need alot of attention this one, given the spread the ease with which it is up one day and down the next by a reasonable %.

I think we will see the 75p mark in the coming weeks.

[m4m] 08/4/2006 18:22

Are you regularly trading these movements cob?

If it closes above 75 for a couple of days and gets back into the uptend channel then I'll have another long position.

[cobweb] 07/4/2006 20:42

The share price is jumping around the place on this one - any views ?

[cobweb] 04/4/2006 20:41

Great day, looking forward to some more !

[cobweb] 30/3/2006 23:54

Well, what's the story here an up day ?!? or just the spread being so wide the mid price is higher !!

I wish I understood what was going on. Any insight ?!?

[gerry321] 28/3/2006 14:45

Looks like time to bail out of AVE
The share price should be creeping upwards not downwards if a US bid for the Co was on the horizon

[Abuse team] 24/3/2006 19:50

Post removed by ADVFN

[cobweb] 24/3/2006 19:49

Thanks Gerry321 for the clarity, advice - this certainly look , smells and sounds like a dog stock !! Unfortunately...

[m4m] 23/3/2006 10:40

Aye but share price has still gone below 75 cob (currently 74.25) so City not convinced about future prospects ?

[cobweb] 22/3/2006 23:58

Very positive to see the CEO purchasing 250k of shares....

[cobweb] 18/3/2006 19:56

CCNP....can you explain ?

[ccnp] 18/3/2006 19:37

but dont overlook the Franklin holding and the stated purpose of their investment policy.

[cobweb] 14/3/2006 23:20

Good day, back above 75p on reasonable volume

[cobweb] 13/3/2006 23:24

Thanks Gerry321 and m4m, I appreciate both of your comments. I too am very disappointed that it has fallen below 75p for the same reasons you mentioned m4m - only thing is given the massive Belgian holding, I'm not sure this stock is a candidate for TA in the truest sense.

That said, it does not look good, it would be nice to know more re Gerrys comments on Fidelity, but you're right, stay out for the time being.

All a bit disappointing given the positive trading update only a few weeks ago !

[m4m] 13/3/2006 10:56

Well it looks like it's out the uptrend channel so I wouldn't be a buyer until it gets back in it cob



and if it closes below 75 then that's very negative ?

[gerry321] 10/3/2006 11:14

Cob
Looks like Fidelity are unloading more stock at an average share price around what they paid for it....75p to 80p..........this could go on for a while if so we will see the impact in a future RNS....
Alternatively MMs have been buying on behalf of a principal and are simply exchanging the stock at the pre arranged sp
For sure this is not stock being dumped otherwise the share price would have collapsed rapidly
Hope this helps.....

[cobweb] 10/3/2006 10:23

Big volumes going thru on a few trades .... any clues on what they are ? Look like sells but no price movement ?

[cobweb] 04/3/2006 20:11

Can't believe it, no movement in share price, no comment son this board. Is there anybody out there !