Avis Europe Share Discussion Threads

[matt123d] 19/4/2010 19:56

Yes 40p is going to be a very difficult area and there will be a lot of supply in that regon, there is the declining 50mma and the downward trendline to contend with.

Personally I think it will break it with a few attempts, if it does then the next move will be explosive and 50p will be reached very quickly, I wouldn't be surprised if it only takes two sessions!

[mreasygoing] 19/4/2010 18:19

I'm not going to be chasing this. There is a potential for a double top around 40p, or even a lower high to form here.

Better off waiting till the hot ash settles.

[cockneyrebel] 19/4/2010 17:50

Forget the Volcano, this is the point:

They lost 25.8m Euros on continuing opperations and they made 4.5m Euros profit for the year. That's 30m Euros profit in H2.

That's more than they are forecast to do in th entire year this year which sort of makes the forecasts look potentially way too low imo.

I noticed this at the results but nobody seems to have picked up on it. Was hoping for a bigger pull back on the results but it never came - I suspect there are a number that have noticed the H2 profit and hence the steep rise lately.

CR

[iss005] 19/4/2010 17:39

All of avis europe or a particular country mryesyes? I had excellent service in Italy (Pisa).

[mryesyes] 19/4/2010 16:20

I'm sure they will find some reason not to be able to hire you a car.
If you go to any airport in mainland europe its still the same - most of the line of car hirers busy, some with LONG queues after too much marketing and low price deals, but there's no one in the Avis office, apart from the relaxed staff clockwatching and eating, in their smart attire.
Now people will take any car going so it will be hard for Avis to avoid taking in money.
Truth is half the cars seem to never be available, and half the cars are in the private use of the staff.
They are sure to always charge a teeny bit more than the others and seem bored stiff at the prospect of someone actually hiring a car.

[broadwood] 19/4/2010 15:08

That's around 14% up in the last three days. Lets hope they hold.

[broadwood] 19/4/2010 14:47

Long may the dust blow.

[cockneyrebel] 19/4/2010 10:51

Doing a roaring trade out of the volcano - loads of people stranded and trying to get to places.

Also had my eye on buying these since the results.

If in H1 they lost 25.8m Euros on continuing opperations and they did 4.5m Euros profit for the year then they did 30m Euros profit in H2 surely?

That would be £26m profit in H2 - the co is only forecast to do £28m profit for this whole year. There might be a few added costs this year but shows huge scope to beat forecasts imo.

CR

[broadwood] 19/3/2010 16:42

Nearly 5% rise today - but as usual you can never find a reason. Must check on the FTSE 250 situation.

[broadwood] 04/3/2010 08:28

Avis profit rises as revenue falls behind
Thu 04 Mar 2010

AVE - Avis Europe
LONDON (SHARECAST) - Car rental firm Avis Europe reported a rise in annual pre-tax profit while revenue shrank 16% as customers continue to cut back on travelling.

Pre-tax profit of €4.5m for the year ended 31 December against a profit of €3m the year before after 'rigorous cost cuts'. Revenue fell to €1.4bn from €1.7bn.

Rental income was €151m lower at €1,162m while Avis costs were reduced by €149m.

Avis said that while demand continued to soften in France, Germany, Italy, and particularly Spain, the group saw a relatively resilient performance in the UK, where it is gaining market share.

Chief executive Pascal Bazin commented, "These results position Avis Europe strongly for 2010 and beyond. As visibility remains limited, we will maintain our prudent approach and strong operational discipline without assuming any significant recovery in the wider economy."

Looking ahead longer term Avis said it is eyeing expansion in new markets such as Asia and through the creation of new mobility offers such as OKIGO, its car sharing club in Paris.

[broadwood] 04/3/2010 07:25

We look to be driving down the road to recovery at long last.

[farmsted] 10/12/2009 17:13

We should have all sold last month

[cockneyrebel] 17/11/2009 07:43

Nice trading statement.

CR

[cockneyrebel] 16/11/2009 12:47

Couple of large trades of totalling 2m gone through at a premium.

Trading statement due any day.

Pension fundf buying loads of shares.

Interesting.

CR

[warrenm2] 03/11/2009 23:21

dont you mean crashing?

[dalstal] 15/10/2009 14:04

oversold and bouncing back

[broadwood] 08/9/2009 14:22

Plenty of negative comments flying around but not having much effect.

[jayson26jay] 07/9/2009 19:00

good time to buy in. vol up, price up. IMHO

[gyau] 02/9/2009 19:18

even this one finally cracking apart

[broadwood] 28/8/2009 08:52

Consolidating nicely.

[randolph and mortimer] 27/8/2009 13:59

This will follow PDG.

[broadwood] 27/8/2009 10:27

Mild profit take - but see a broker has mentioned 46p target.

Up about 1600% already - can't wait until the Chairman turns positive.