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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tellings Gldn | LSE:TGM | London | Ordinary Share | GB0033384180 | ORD 7P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 42.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Tellings Golden Miller Group Plc ("Tellings" or the "Company")
Disposal of Aircrews business
Further to the announcement on 12 December 2006 that the Board of Tellings had
agreed in principle to sell the assets of its Aircrews Business to OFJ
Connections Limited (the "Disposal"), the Board is pleased to announce that
completion of this Disposal took place on 31 December 2006.
The consideration for the Disposal totalled approximately £1.1m and was paid in
cash on completion. The proceeds will provide additional working capital for
the Group. In the 6 months ended 30 June 2006 the Aircrews Business had
turnover of £1.7m and made a profit before taxation of approximately £Nil. Net
assets were £1.3m comprising mainly vehicles.
The Aircrews Business has been sold as the Board believed that it needed
greater critical mass and economies of scale to achieve its full potential
profitability and there were limited opportunities for expansion, OFJ being the
only other major operator in the London area.
Enquiries:
Stephen Telling
Tellings Golden Miller Plc
Tel: 01344 875353
Tony Rawlinson, Nominated Adviser
City Financial Associates Limited
Tel 020 7090 7800
END
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