Avis Europe Share Discussion Threads

[cockneyrebel] 05/4/2009 11:12

CRISPIN ODEY, ODEY ASSET MANAGEMENT One half of the "Posh and Becks of finance" (his wife Nicola Pease is chief executive of JO Hambro and an heir to the founders of Barclays bank) Mr Odey (below, far right) set up Odey in 1991 and is one of the most successful hedge fund managers in the world. The Mayfair-based firm has $5bn under management and employs 50 people. Once pilloried for his gloomy warnings on British banks, financial stocks and Iceland, Mr Odey's correct analysis has boosted his reputation. He started at Barings Asset Management.

[westcoastrich] 05/4/2009 09:51

Who is Crispy Odin?

[short termism] 05/4/2009 08:06

Oh yes we have :-)

[jab118] 04/4/2009 16:34

moormoney..

The day trading muppets with trumpets have not arrived yet. lol

[moormoney] 04/4/2009 15:59

I'm surprised at how quiet this thread is--with a lift like that last week.

[cockneyrebel] 03/4/2009 18:15

Crispin Odey has some big followers. I dare say they have been too frighted to buy in the poor market but now the bottom looks in they are starting to buy with a view to shaddowing him.


Having broken out the next real resistance isn't till 13.5p.

Enjoy the ride there, by hire car :-)

CR

[jab118] 03/4/2009 16:07

Oh well Girls

Not much profit taking... Seems the market has realised they are well under priced considering their asset value..

[jab118] 03/4/2009 15:53

I can't BELIEVE!! it

[whiterussians] 03/4/2009 15:41

AVE blistering skywards to 20p

[jab118] 03/4/2009 14:49

Level 2 looking abit lob sided then?

[martincc] 03/4/2009 14:41

Majority of trades going through on Plusmarkets, 1.7m volume

[martincc] 03/4/2009 14:31

back in auction again

[whiterussians] 03/4/2009 14:18

AVE

not much left on the board around the 6p, then 8p and then whoosh

[cockneyrebel] 03/4/2009 12:41

The early Feb volume was Crispin Odey buying, shrewd hedge fund manager who knows his stuff - famed for paying himself £26m

Net assets still way above mkt cap - that will increase more as debt comes down imo.

Car prices have plummeted - reduces AVE's cost, they've raised rental prices for the first time in 7 years and more people are renting - that all adds up to growing profit, growing assets and lower debt imo.

Priced to go bust recently but the reality is they are doing the best they have in years - sold off in the mayhem but I think the next leg or two up will be very strong as punters realise these penny stocks aren't going out of business and are doing better than the market credits imo.

CR

[owenski] 03/4/2009 09:19

Hi chaps, that early Feb. 50mill volume looks like another 'slack take up', bodes well, seems to indicate volume now is from buyers only. I've been seeing this on a few charts lately.
Good luck to you all.

[cockneyrebel] 02/4/2009 20:28

What about the £2bn in assets?

The whole market has got hung up over debt - TW, PDG and others all got a ton of debt but look like refinancing. TW doesn't even make a profit.

The debt wasn't an issue two years ago, 60p a share. Debt is everything at the moment and the punters have seen nothing else for a year. The reality is probably somewhere in the middle imo, in a sensible market. They can service the debt.

I remember the March 03 low, everyone was petrified of the pension deficits. by 2004 the pension deficits were not even bothered about. £1.7bn debt, huge pension deficit, loss making - and said to have completed its refinancing. Shares up 500% from the low.

CR