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Real-Time news about Travelzest (London Stock Exchange): 0 recent articles
|loverat: I am not aware of any lies posted by Topinfo. He bought these in the 0.20's (under a barrage of misleading and scaremongering posts by derampers) and sold out a while back. He made his position quite clear. If any of his posts were positive or ramping etc they were clearly in the context that at that time the share price could multi bag. He was right - it did multi bag. To associate any suspension or to misrepresent his positon is quite dishonest IMO|
|stockologist: Should be a 'We know no reason for share price rise' RNS soon|
|swong21118: Topinfo, you are quite annoying....Keep trying to ramp up a share price by info released two years ago REPEATEDLY, which does show you a genuine ramp and dumper..,, no doubt. I thought u have already sold it for a profit of £10.Why can't give some peace to this broad and let the genuine investors discuss real upsides or downsides of this company.|
|knigel: 57p? 57p? Can anyone name a share that has been taken over at a 17100% premium to current share price? 0.3p to 57p? The best shareholders can hope for is a bid up to 1p after reading The Times write up today if the lender decides to make an offer|
|knigel: What's the point of predicting the share price at the close because 9 times out of 10 you get it wrong! I know from experience!|
|yashdi: Theres something strange going on why would the shareholders led consortium buy the debt of the company. There will be a takeover announced or sale of assets and a shell company will be created to invest in another venture lets wait and see what happens. Todays fall in share price to me does not make sense. Any announcement should be made this month.|
|marab: Talks started when the share price was around 14p and have continued since, so it would be reasonable to assume that the prospective buyer has not been put off by anything they have come across so far. You would expect some sort of premium to the share price for an offer, and I would expect a quick offer now before the potential bid news drives the share price back up. All imo dyor etc.|
|topinfo: Travelzest confirms takeover talks
Tuesday, Apr 19 2011 by Stockopedia News
Holidays group Travelzest (LON:TVZ) confirmed this morning that it was at the very early stages of deal talks that could eventually lead to an offer for the company. The Travelzest share price responded with a 12% rise to 16p although the company insisted that there was no certainty that the discussions would result in an offer.
Two and a half years ago Travelzest was at the centre of takeover talks that drove the company's shares to over 100p before the economic climate towards the end of 2008 scuppered any hopes of a deal. On that occasion the potential suitor was widely rumoured to be industry giant TUI Travel and the main item of interest was Travelzest's prize asset, Canada-based itravel2000. In the 12 months following those talks, the Travelzest share price collapsed to around 14p. As a result, the co-founders of itravel2000, Jonathan Carroll and Jack Fraser, were brought in to head up the group as CEO and finance director respectively.
Carroll and Fraser went on spend seven months streamlining the entire portfolio of Travelzest businesses and still managed to grow sales last year by 14% to £43.8m. Losses came in at £12.7m. Speaking to Stockopedia in February this year, Carroll and Fraser insisted that the strong fundamentals in the business, specifically in Canada and North America, meant the group was now well placed to grow its market presence.|
|topinfo: Travelzest seeks new debt facilities and may be bought out
29 July 2011 | 12:49pm
StockMarketWire.com - Travelzest has been reviewing its financing needs and has been in discussions with several banks in both the UK and Canadian markets to identify the best commercial terms available to the company.
Discussions with one bank are at an advanced stage. The likely terms of the proposed new facility are more favourable than those in the existing facility.
Under the existing facility agreement provided by Barclays Bank a repayment and associated interest became due on 31 May 2011.
Barclays has agreed to a deferral of the capital repayment until 31 August 2011 as well as a waiver from certain covenants agreed under the terms of the Existing Facility Agreement.
In April the company announced that it was in the very early stages of discussions over a potential offer for the entire issued and to be issued share capital of the company.
Travelzest has confirmed that it is still in discussions in relation to this but there can be no certainty that the talks will result in an offer being made for the company.
At 12:49pm: (LON:TVZ) share price was +0.01p at 9.38p
Story provided by StockMarketWire.com
|topinfo: Hope you dont mind Guys!
Right Guys-Here it is.
The stock I have bought and have been researching a lot yesterday is Travelzest (TVZ). Now don't buy it if you want in and straight out with 100% profit coz it may take a few days/weeks to get the RNS that I expect any day now and that involves a bid for the company.
The current share price is 10p offer but you should be able to get in under this and within the spread which is rather wide for me (before you comment M4).
On the 19th of April 2011 the Board released this RNS after the share price started rising and was rumoured to be getting a bid in the 20p region in cash.
Statement re Press Speculation
RNS Number : 1584F
For immediate release
Travelzest plc ("Travelzest" or "the Company")
The Directors of Travelzest have noted the recent press speculation concerning a possible offer for the Company and confirm that the Company is currently in the very early stages of discussions over a potential offer for the entire issued and to be issued share capital of the Company. There is no certainty that the talks will result in an offer being made for the Company.
A further announcement will be made when appropriate.
Now if you look at the chart you will see that since the bid RNS came out after the initial rise the share price has dropped back and is in fact lower now than it ever was then. There really is no reason for this as Trading has been exceptionally strong since the restructuring took place and if you read the full financial report this will confirm such, and also show why any bidder may have to actually pay a lot more than 20p a share too.
Longer term chart shows strong support at 8.5p which it has just bounced off.
Financial highlights as follows:-
Record level of underlying* operating profit increased 11%
to £6.1 million (2009: £5.5 million)
Record level of underlying operating profit less separately
disclosed items, which increased 56% to £4.2 million
(2009: £2.7 million)
Revenue value increased 14% to £43.8 million (2009:
Separately disclosed items decreased 32% to £1.9 million
(2009: £2.8 million)
Basic loss per share of 8.80p (2009: 1.52p profit per share),
which was negatively affected primarily due to a charge of
£11.3 million for goodwill impairment
Total transaction value has grown
15% to £217.6 million from £189.5
million. R evenue increased 14% to
£43.8 million from £38.3 million.
Gross profit improved 18% to
£24.5 million from £20.8 million, and
underlying operating profit before
separately disclosed items increased
11% to £6.1 million from £5.5 million.
As part of the Group restructuring
that has been undertaken, your Board
has decided to write-off the remaining
goodwill of £11.3 million relating to our
UK businesses. This decision was taken
after reviewing the performance of the
UK operations since they were acquired
and the ability of the UK operations to
generate improved returns in the near
Outlook and summary
The year to 31 October 2010 was the first full year for Travelzest under the executive leadership of Jonathan Carroll and Jack Fraser, who were appointed in May 2009. I t was a year of progress and improvement. The restructuring of the Group's perations, which commenced in 2009, continued apace and this investment has
begun to yield benefits. We simplified our operating structure and now have an integrated and common approach to advertising, marketing, product purchase and support services. The aim of this simplification is to provide better management of our businesses and share common skills and customer information between our North American and UK operations.
The consequence of this reorganisation is that Travelzest is evolving from a group
of independently managed businesses to a single, unified entity with common controls, processes and governance. This gives greater efficiency and will provide
information to enable us to manage the Group effectively. The Group sells overseas holidays and travel to clients who live mainly in the United Kingdom and North America. Our model provides us with a diversity of geography, currency, seasonality and distribution. This diversity is a strength in an industry where an excessive exposure to any of these risks is potentially very damaging. The power of Travelzest's brands and the retailing ability of our businesses, particularly those in Canada, gives us attractive markets to exploit and the ability to create value for
shareholders. Travelzest's ambition is to be our customers' advocate in finding
them the most attractive holidays and the best experiences.
Your Board is very pleased with the progress made. We expect to see additional benefits of the reorganisation in forthcoming years and believe the Group is well positioned to prosper through the market and economic cycles which are a feature of the travel industry.
We are also in the process of discussing with a number of UK and Canadian
banks a refinancing of our facilities on more advantageous terms than those
that we currently enjoy. Once in place, this will put the Group in a yet stronger
position to capitalise on the market opportunities that we foresee.
We are currently reviewing our financing needs for the next three years and have begun discussions with several banks in both the UK and Canadian markets to identify the best commercial terms available. Once in place, this new financing will put the Group in a yet stronger position to capitalise on the market opportunities
that we foresee.
Net debt stands at £10 million which is being renegotiated on better terms and cash is around £5.8 million. Current mkt cap is around £13.5 million.
I reckon that this business is on the brink or either:-
A major turnaround and excellent debt refinancing for a growing business that is safe and growing rapidly since the restructuring and/or the takeover which is the key for me to the quicker money here.
Now if the bid goes ahead as I am led to believe then I reckon you have at least 100% upside from current share price In the event it doesn't then look at the facts and see for yourselves that there really is very little or nil downside to the share price as it now has no premium built in for the bid in any case.
Like I say, please DYOR of course but I have thrown £4k into this and wouldn't do that if I thought it too high risk and wasn't going to earn me a decent profit. The decision is yours of course and this research took a fair number of hours to collate and make sure that I didn't miss anything, but I reckon TVZ are a clear buy at this level and should give shareholders a significant return on their investment. However like anything its not a racing certainty like all shares.
Travelzest share price data is direct from the London Stock Exchange