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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trans Balk Inv | TBI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.00 | 4.00 |
| Top Posts |
|---|
Posted at 19/11/2004 00:44 by lbo Todays Telegraph says £1-1.10!TBI takes off after approach By Christopher Hope, Business Correspondent (Filed: 19/11/2004) TBI shares surged to a three-year high after the airports operator, under pressure from activist shareholders to be broken up, said it had received a takeover approach. Analysts immediately suggested that potential bidders, which could have to pay up to £600m for the business, could include Australia's Macquarrie Airports, which recently invested in an airport in Belgium, or Hochtief, the German construction group which walked away from bidding for TBI in January. Speculation has been swirling around TBI, which owns Luton, Cardiff and Belfast International airports, since it was revealed last month that investors controlling 20pc of its shares were pushing for the company to be broken up. TBI said in a statement : "The board of TBI notes the recent share price movement and can confirm that it has received a preliminary approach which may or may not lead to an offer. Discussions are at a preliminary stage and there can be no assurance that agreement can be reached." TBI's shares closed up 9.75 at 85.75p. Analysts have been divided on TBI's break-up value. While some have said 80p a share, some of its investors want 100p to 110p a share, if a premium for full control of the airports is included. TBI has become increasingly attractive to a bidder after a flurry of corporate activity. A key move was its £78m acquisition of a 28pc minority holding in Luton airport three weeks ago. The minority holding has traditionally been seen as a poison pill for a bidder because Luton is such a key part of TBI's business. TBI also announced this week that it had started negotiations with Luton borough council about increasing its 30-year lease (there are 24 years left to run), as well as selling the Hilton Hotel in Cardiff to raise over £28m. TBI has also sold its airport services in America and has pledged to offload three Bolivian airports by March next year. Keith Brooks, TBI's chief executive, angrily denied this week that the company was dancing to a tune set by shareholders, which include JO Hambro, Laxey Partners and Gartmore. He said: "I have no problem with the shareholders. We are doing nothing different. They only came on to the register three months ago. All of this was planned." |
Posted at 18/11/2004 17:21 by lbo I expect to see circa £1.The Questor column in yesterdays Telegraph called it!Some could give TBI air space When New Zealand's All Blacks scrum down at the Hilton hotel in Cardiff this week before the weekend showdown with Wales, they will be standing on prime airport real estate. As unlikely as it sounds, the hotel is owned by TBI, the airports operator, which yesterday said it was looking for buyers for the building, with its fabulous views over Cardiff castle. The Hilton sale is the latest in a flurry of corporate activity at TBI. So far this year the company has sold off its airport services business and announced plans to dispose of its three airports in Bolivia by the end of March. It has also bought out the minority stake in Luton airport, which had previously been seen as a poison pill for potential bidders, and is trying to extend its 30-year lease (with 24 years left to run). Keith Brooks, chief executive, says TBI has long been planning this intensive buying and selling spree. Others suggest that Mr Brooks' actions have taken on new urgency since the arrival of investor activists on the share register angling for a break-up. Opinion on the sum-of-the-parts valuation of TBI is divided, ranging from about 80p to 110p a share for all its assets, which include Luton, Cardiff and Belfast International airports. The business itself is in pretty good shape, posting a 166pc rise in pre-tax profits in the six months to September due to buoyant trading from the budget airline customers who stream through Luton, and the lack of any exceptionals in the half. Down 2 at 75p, the shares yield 3pc, trade on 26 times prospective earnings and look fully valued. But with aggressive shareholders bearing down on management, there is a good chance the sum-of-the-parts value could be realised shortly. It's not cheap, but TBI could be one for those who buy into the break-up story. |
Posted at 18/11/2004 16:59 by husbod Market obviously thinks 90p's the limit for the moment. All depends now on whether someone else jumps in although the recent more active investors will no doubt put pressure on the directors to get the best possible price.Not sure there is great upside from here and have top-sliced accordingly but will hold the rest for the time being and await events. |
Posted at 08/10/2004 07:25 by sealed On m-on-e--y a=m this morning:Major shareholders are pushing for the break-up of TBI in a move that would lead to the sale of Luton, Cardiff and Belfast International airports, The Daily Telegraph reported citing investors in the company. Investors controlling a fifth of the airport operator's stock want the board to sell off the assets and return the proceeds to shareholders, the newspaper said. Bankers said the investors believe the business is worth between 100p and 110p a share if it is broken up. TBI's shares closed 2p firmer at 69p last night. One banker said the investors want TBI to appoint a consultant to the board to oversee an orderly break-up. 'It is the kind of thing that they have done in the past,' he is reported as saying. He said shareholders were 'getting frustrated' with the progress of the company. 'The management has lost credibility. They have promised one too many things. With the right actions they can sell off some of their assets like a mini BAA. It is a highly attractive break-up.' Big shareholders in the company include Laxey Partners, JO Hambro, Gartmore, as well as Irish entrepreneur Dermot Desmond, Deutsche Bank and Cantor Fitzgerald Europe. |
Posted at 25/4/2004 11:40 by invisage Hey Guys,Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline - A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month. Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year. Heres a few reasons why its a good time to buy now... * Results in 7 weeks (16th June) * ISA Stock * The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover * Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6 * Offers a healthy 4.7% dividend yield * Market Cap. 45.70 m * Shares In Issue 34.49 m * 3.7% spread * Directors and Institutions hold 61% of the shares, very few in public hands. * Loads of cash in Bank * Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month. * 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds * Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range... When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow. Cheers Invisage |
Posted at 28/2/2004 20:39 by ariane 03/02/2004 Results for the year 2003 - Press release on March 2nd, 2004 after Paris Stock Exchange closing. 03/03/2004 Results for the year 2003 - Press conference and analyst meeting 8:30- Analyst meeting 11:00 - Press conference on March 3rd, 2004 at Pavillon Ledoyen, 1 avenue Dutuit, 75008 Paris. Call in number (English language only) : +44 (0)20 7162 0185 Replay (15 days) : +44 (0)20 8288 4459 - Pin code 151952 Ariane - 27 Feb'04 - 21:30 - 77 of 78 edit extract from the Vinci thread(VINC) 73.10 euros, now where are those upgrades, Ariane - 28 Feb'04 - 20:37 - 78 of 78 edit The comimg week should be an exciting one for vinci and perhaps tbi investors too. Vinci might make clear its strategy generally It is hoped therefore that the share price then moves swiftly to the 84 euros target and then to 87 euros. |
Posted at 12/1/2004 18:31 by curryms A lot of money flowed into TBI shares (some of it mine!) on the announcement of interest from Hoctief. TBI's share had been in a strong upward trend from March until October but turned downwards particularly after the interims, I suspect the trend downwards (to 55p or lower) would have continued had Hoctief interest not been announced. Like you dbcnotts many investors are getting fed up waiting for developments and some will cut their losses and bail out resulting in a drift down in share price. However I remain convinced that TBI's days as an independent company are numbered and Hoctief or somebody else will pounce. TBI's trading update has had little or no effect on the share price but I would concede that an absence of passenger growth (or decline) would have pushed the share price downwards. DYOR |
Posted at 04/12/2003 14:49 by jen2000 MM will try a tree shake at 85p me think tomorrowanything below, even the nervous investors wont be selling with converage of news tommorrow |
Posted at 03/12/2003 14:41 by r_bedding RNS Number:8184SBritish Airways PLC 03 December 2003 TRAFFIC AND CAPACITY STATISTICS - November 2003 Summary of the headline figures In November 2003, passenger capacity, measured in Available Seat Kilometres, was 2.3 per cent above November 2002 and traffic, measured in Revenue Passenger Kilometres, was higher by 7.4 per cent. This resulted in a passenger load factor up 3.4 points versus last year, to 71.8 per cent. The increase in traffic comprised a 2.5 per cent increase in premium traffic and an 8.4 per cent increase in non-premium traffic. Non-premium traffic has benefited from promotional activities principally in the US and the Rugby World Cup in Australia. Cargo, measured in Cargo Tonne Kilometres, rose by 10.9 per cent. Overall load factor rose 3.0 points to 69.7 per cent. Market conditions Market conditions continue to point to a more stable outlook for revenue, with traffic volumes remaining sensitive to yield. The longhaul premium volume improvements seen last month continue. Strategic Developments British Airways announced a pre-tax profit of #105 million (2002: #245m) for the three months ended September 30, 2003. The three-month pre-tax figures took the result for the half-year to #60 million profit. Lord Marshall of Knightsbridge announced his intention to retire as chairman of British Airways at the company's next annual general meeting on July 20, 2004. He will be succeeded as chairman by Martin Broughton, 56, currently senior independent director who was appointed deputy chairman by the board with immediate effect. The three year actuarial valuation, to determine the funding position of British Airways' two main UK pension schemes - Airways Pension Scheme (APS) and the New Airways Pension Scheme (NAPS) - was completed. The APS surplus of #820 million at the last valuation in March 2000, has fallen to #45 million and the NAPS deficit has risen from #221 million at March 2000 to #928 million at March 2003. The government minimum funding requirement (MFR) is covered in both schemes. Annual contributions of #26 million for APS are required from November 2003. For NAPS, contributions will increase by #107 million a year to #225 million effective January 2004. The Concorde fleet was positioned to museums around the world including Barbados, Seattle, New York, Manchester and Bristol. Glasgow-based Loganair is to operate seven Scottish routes currently served by British Airways' wholly-owned subsidiary British Airways CitiExpress, between the Scottish mainland and the island communities of Benbecula, Shetland and Stornoway. The transfer of the routes, together with the lease of four Advanced Turbo Prop aircraft, is part of British Airways CitiExpress strategy to accelerate its move towards an all-jet aircraft operation, simplifying its fleet and taking unnecessary cost from the business. By March next year British Airways CitiExpress, will stop flying its remaining fleet of eight Advanced Turbo Props. British Airways announced plans to launch services to Algiers from London Gatwick on January 5, 2004. Flights will operate on Mondays, Wednesdays and Fridays on a Boeing 737. Three new routes to three Italian destinations, Bari, Cagliari and Catania, will also start next summer. In addition, changes to the bilateral air services agreement between the UK and Libya have enabled the airline to increase its weekly frequency between London Heathrow and Tripoli, from three to four flights, from November 30, 2003. It is hoped to increase services further next summer. ends December3, 2003 163/KG/03 BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS Month of November Financial year to date April through November BRITISH AIRWAYS GROUP Change Change SCHEDULED SERVICES 2003 2002 (%) 2003 2002 (%) Passengers carried (000) UK/Europe 1762 1788 -1.5 17418 17530 -0.6 Americas 560 514 +8.9 4849 4577 +6.0 Asia Pacific 138 127 +9.0 947 1060 -10.7 Africa and Middle East 229 213 +7.9 1798 1675 +7.3 Total 2689 2642 +1.8 25012 24842 +0.7 Revenue passenger km (m) UK/Europe 1466 1417 +3.4 14745 14196 +3.9 Americas 3731 3457 +7.9 32400 30817 +5.1 Asia Pacific 1443 1285 +12.3 10064 10798 -6.8 Africa and Middle East 1585 1496 +6.0 12076 11257 +7.3 Total 8226 7655 +7.4 69286 67068 +3.3 Available seat km (m) UK/Europe 2409 2340 +3.0 21249 20352 +4.4 Americas 5020 4983 +0.7 42216 41653 +1.4 Asia Pacific 1822 1709 +6.6 13996 13853 +1.0 Africa and Middle East 2202 2165 +1.7 16503 16144 +2.2 Total 11453 11198 +2.3 93964 92002 +2.1 Passenger load factor (%) UK/Europe 60.9 60.6 +0.3 pts 69.4 69.8 -0.4 pts Americas 74.3 69.4 +4.9 pts 76.7 74.0 +2.7 pts Asia Pacific 79.2 75.2 +4.0 pts 71.9 77.9 -6.0 pts Africa and Middle East 72.0 69.1 +2.9 pts 73.2 69.7 +3.5 pts Total 71.8 68.4 +3.4 pts 73.7 72.9 +0.8 pts Revenue tonne km (RTK) (m) Cargo tonne km (CTK) 429 387 +10.9 2923 2864 +2.1 Total RTK 1249 1153 +8.3 9844 9566 +2.9 Available tonne km (m) 1791 1729 +3.6 14491 14170 +2.3 Overall load factor (%) 69.7 66.7 +3.0 pts 67.9 67.5 +0.4 pts * Comparative numbers from 1 July 2002 have been adjusted to remove the impact of dba following its disposal on 30 June 2003 Certain information included in this statement is forward-looking and involves risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations, including, without limitation, discussions of the Company's 'Future Size and Shape' programme, expected future revenues, financing plans and expected expenditures and divestments. All forward-looking statements in this report are based upon information known to the Company on the date of this report. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. It is not reasonably possible to itemise all of the many factors and specific events that could cause the Company's forward looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Information on some factors which could result in material difference to the results is available in the Company's SEC filings, including, without limitation the Company's Report on Form 20-F for the year ended March 2002. Investor Relations Waterside (HCB3) PO Box 365 Harmondsworth UB7 OGB Tel: +44 (0) 20 8738 6947 Fax: +44( 0) 20 8738 9602 |
Posted at 13/10/2003 17:33 by 37dolphin Normally I find that volume trading such as this means that there will be greater activity over the next couple of weeks. Could be that a buyer is starting to accumulate without raising too much exposure, or simply that the market as a whole is picking up and investors are making sure they are in the right growth stocks now. Results are due in November as well. |
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