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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tellings Gldn | TGM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 42.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.50 | 42.50 |
| Top Posts |
|---|
Posted at 16/10/2007 11:33 by alby220 TELLINGS GOLDEN MILLER GROUP PLC ACQUISITION OF OFJ CONNECTIONS LIMITED The board of Tellings Golden Miller Group plc ("Tellings Golden Miller" or the"Company") is pleased to announce that it has today completed the purchase of the entire issued share capital of OFJ Connections Limited ("OFJ") and the remaining 25% of the issued share capital of OFJ Ground Services Limited ("Ground Services") (a 75% shareholding in this business was purchased in February 2007) from OFJ Group Holdings Limited ("OFJ Group"). In January 2007, the Company sold its Aircrews business to OFJ as the Board felt that this business did not have a large enough share of its market at Heathrow airport and hence had limited growth prospects. The Aircrews business was integrated with OFJ and together the businesses have a significant market share at Heathrow airport. OFJ is a principal operator of air passenger and aircrew transport at Heathrow airport and Ground Services has a high quality engineering facility at Heathrow Airport involved in the provision of engineering maintenance and repair services to third party airline ground equipment as well as the OFJ fleet and the Company's London based fleet of 60 vehicles. OFJ has a fleet of approximately 120 vehicles and employs approximately 214 staff. OFJ provides transportation services to passengers using Heathrow airport as well as to a substantial number of airlines operating out of this airport. OFJ also has several non-airport related contracts and is a provider of transport services to several large schools in the Heathrow area. In the year ended 31 December 2006, OFJ's turnover was £7.3 million and profit before tax of £2.1 million. Net assets as at 31 December 2006 were £2.2 million. Sales in 2007 will benefit from OFJ's acquisition of the Aircrews business in January 2007. Formed in 1999, OFJ's business has expanded considerably in recent years and this expansion has continued into 2007 with the addition of the TGM Aircrews business referred to above. The consideration paid for OFJ is £5.15 million in cash (subject to adjustment in the event that net assets of OFJ are below an agreed figure) financed from the Company's own resources, directors' loans and bank debt of £4.5 million repayable in tranches up until 31 August 2012. Mr Andy Nicholas and Mr Dennis Morris co-founders of OFJ Group will continue their association with OFJ with Andy Nicholas becoming a consultant to OFJ and Dennis Morris continuing as a director. Stephen Telling, Chairman of the Telling Golden Miller, commented:"I am delighted to announce the acquisition of OFJ which is a highly profitable company with a significant share of a growing niche market. Following the sale of our core London Bus Division in 2005, and having reshaped and improved performance in our remaining transport businesses, the acquisition of OFJ gives us a clear new direction of specialising in growing niche transportation markets such as Heathrow airport. We will work on integrating OFJ with our existing businesses with a view to increasing profitablity."Enquir |
Posted at 02/6/2006 13:15 by wiganer The 5000 sell was mine- simply needed to raise some cash and was overweight on TGM.Still retain 11000 as a long-term hold. |
Posted at 05/5/2006 21:39 by sofa spud I didn't realise until a day or two ago that TGM, through its Burtons subsidiary, owns Premier Travel, a former Cambridge bus and coach operator which I thought disappeared years ago! |
Posted at 05/5/2006 21:02 by wiganer SS- 25% of my entire portfolio is in TGM, and I'm tempted to add more. I expect patience to be rewarded on this one for the long-term holder. |
Posted at 08/3/2006 20:00 by wiganer I'd be very surprised if EPS this year is as high as 4p, in what after all is the first year of "TGM 2.0". But the point is:Profitable Discount to NAV Management track record |
Posted at 08/3/2006 18:46 by jonwig TGM are one of the companies covered here: |
Posted at 02/3/2006 08:19 by sofa spud I'm keeping! - Slight loss on my initial outlay but if TGM can achieve with luxury coaching anything like what Stagecoach, Firstgroup, Go Ahead etc. did in the bus industry the outlook should be good. |
Posted at 20/1/2006 15:28 by sofa spud I'd buy more too except that I've used up my share budget!My TGM holding approximates to two new coach tyres. When I saw one of TGM's blue, yellow and white beauties wafting along the open road yesterday I couldn't help wondering it was wearing either of them!!! |
Posted at 20/1/2006 14:13 by wiganer Added today, doubling my holding, after revisiting the numbers, just to confirm to myself how ludicrously undervalued TGM has become. One comparison, based on past RNS figures and current Mkt Cap:Aug 2003: Net assets c£2m Market Cap c£15m Jan 2006: Net assets c£10m (only £0.8m of which are intangibles) Market Cap c£7m |
Posted at 06/1/2006 11:03 by sofa spud Is TGM going to become the "Stagecoach" of the luxury coaching sector? Just in case it is, I bought a few shares (down 2p so far). 3 years ago I bought Stagecoach at 15p and sold last month at 118p - could luck strike twice?On the other hand I bought £200 worth of Marconi shares too at 2p and lost my stake! I knew it was a gamble - one that didn't pay off. Cheers, Sofa Spud |
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