Cng Travel Share Discussion Threads

[upside potential] 05/1/2006 11:36

i heard that goodbody - irish broker may have finally cleared out a seller over past week approx

[wiltshireguy] 05/1/2006 10:40

But why? Any ideas? Could there be another buyer sniffing around or has the ousted CEO got his bid vehicle primed and ready? After all, he does want his baby back apparently.

Trusting these guys from Ireland back in Feb was one of my bigest investment mistakes. However, I was told quite lieterally from the horses mouth at the AGM that TZELL was worth more than 50p alone and that they expected to be able to clear the mess over here and grow TZELL into a multiple of that value in a relatively short period of time. It is for that reason alone that I hold all my shares.

Lets see what develops.

[nilip] 05/1/2006 09:06

Starting to rise again ...

We seem to have lift off.

[spiv 1] 16/12/2005 23:45

True katy. Its very hard to see where this will end up. I think a few of those low trades today were buys. There is plenty of stock about and there's no way you could sell 40 or 50k anywhere near the bid price. So I guess someone is hoovering up stock. When is a trading update due? It would be nice to hear at least something from them. If the company is so cheap, why no director buying??? Just a few thoughts....

[katylied] 16/12/2005 21:54

spiv 1, it is possible that takeover talks went nowhere simply
because Sheamus Ross was not prepared to play ball.
Any takeover approach will fail, if SR is not on-board.
The implication being, that maybe... he sees better
time ahead. Perhaps I am grasping at straws
but you can never know for sure...

[robsy2] 16/12/2005 20:18

sit tight!! I think this one will pan out fine!

[latifs100] 14/12/2005 08:43

takeover talks again??? now 16p..

[spiv 1] 12/12/2005 15:30

Well I have to admit that my faith in cng is at such a low ebb that I now only have a few shares left having sold a lot at a huge loss. I'm trying to look at this whole thing as a learning experience!

[katylied] 12/12/2005 11:12

Time for a trading update methinks. Or maybe... they
have gone all coy... for fear of putting foot in
mouth as usual. Surely though... business must
be getting better... right?...

[spiv 1] 16/11/2005 12:11

Well well looks like there's life in the old dog yet.

[hampster] 06/11/2005 16:16

False flag?

[katylied] 05/11/2005 15:12

This is now the 2nd half. From a travel/hotel perspective, this half would be expected to be less prosperous than the 1st half. The 1st half (for the company as a whole) was of course awful. Next results (full-year) are around March 2006. Those results will contain the full horror story for 2005. However, once past that point, the 1st half 2006 may encourage some positive change in sentiment. Nevertheless, it could be a long haul before they trade their way out of this mess. Much will depend on the 'New Management' (much the same as the old) and their next set of forward looking statements... but... don't hold your breath...

[robsy2] 05/11/2005 15:02

This is well worth a punt. My information says that Tzell is trading well,the loss making side has been sold, debt is manageable and it's definitely not going bust which was my realconcern.
This stock has disappointed a lot of people so market sentiment is against any serious revaluation in the short term.
Can it be brought out?
It's possible, but no-one has stepped forward so far which is not encouraging. The oft mentioned price of 35p makes it a steal.
The fundamentals remain intact so this is cheap at 22p . I have topped up already at this level.
R

[spiv 1] 04/11/2005 13:44

Not sure Latifs. Its a high risk potentially high reward play imho. I don't like the debt position but equally tzell is supposed to be highly profitable. Not sure its a punt but a 12 month view could see the share price at possibly double current levels.

[latifs100] 03/11/2005 19:08

been a bad day for me.. danka down , centurion electrics and cng.. should i buy more??and average down

[spiv 1] 03/11/2005 13:24

Well a nice 35p buyout would have been great but ho hum I guess we can just hope cng trades its way out of trouble now.

[nilip] 03/11/2005 11:28

I must admit, this news was half expected given the prolonged delay of any update.

Truth is, I think the lack of news was unneccessarily depressing the share price

Dissapointing but it's out of the way now.

CNG should now be able to concentrate on business again.

Must confess, with the current share price at an all time low - it's starting to look like a very attractive buy again.

[robsy2] 03/11/2005 10:46

I have phoned up the CEO he doesn't answer the phone. Jeremy at Buchanan Communications was unable to communicate anything and the other person mentioned in despatches is Tom Godfrey who is on holiday!!
I was then put through to Toms colleague voice mail, asking him to ring me with an update on what is going on. In the meantime I bought another 15000 at 21.5p. It just gets cheaper and cheaper.Hopefully this is the darkest point just before the dawn.
Robsy

[robsy2] 03/11/2005 10:40

Announcement


3 November 2005


CNG Travel Group plc ("CNG" or the "Company")


Termination of discussions



On 28 July 2005, the Board of CNG (the 'Board') announced that it had received
an unsolicited approach which may or may not lead to an offer for the Company.
The Board hereby confirms that discussions in relation to an approach for the
Company have now terminated.

Ends.


Enquiries:


CNG Travel Group Tel: [phone]
PJ King


IBI Corporate Finance Limited Tel: [phone]
Tom Godfrey


Buchanan Communications Tel: [phone]



The Directors of CNG accept responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the Directors of CNG,
(who have taken all reasonable care to ensure such is the case) the information
contained in this announcement is in accordance with the facts and does not omit
anything likely to effect the import of such information.


IBI Corporate Finance Limited, a subsidiary of The Governor and Company of the
Bank of Ireland, which is regulated by the Financial Regulator, is acting for
CNG and no-one else in relation to the approach and will not be responsible to
anyone other than CNG for providing the protections afforded to clients of IBI
Corporate Finance Limited nor for providing advice in relation to the approach.


Any person who is the holder of 1 per cent. or more of any class of shares in
CNG may be required to make disclosures pursuant to Rule 8.3 of the Takeover
Rules.

[latifs100] 03/11/2005 10:02

termination of discussions.. where now?

[robsy2] 26/10/2005 16:51

Spiv was going to get some news from his broker??
I am fairly tranquilo about it all, my next move is more likely to be a buy than a sell.
Robsy

[latifs100] 26/10/2005 14:37

hello... no one interested at 20p.., need a rns soon, getting very nervous, holding from 36p

[spiv 1] 20/10/2005 21:09

True Hermana. Well without giving too much away the company who he (and I used to) work for owns about 3% of CNG. Needless to say they ain't too happy to have lost clients so much money and are very miffed at the way they were misled by the infamous Finbarr. The problem is that they are insiders now so there is a limit to what they can tell me. What info I can get I'll post here but at the mo I'll wait and see if the price holds.

[hermana] 20/10/2005 18:06

spiv,do you have an honest broker? if so,who is this rare person?