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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cng Travel | CTV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.00 | 14.00 |
| Top Posts |
|---|
Posted at 07/8/2007 11:40 by nilip I also hold CTV through a Selftrade nominee acct. and I was also called at home asking about my decision on the t/o.Does anyone know when we actually get our money from the take over bid ? PS> assuming it was selftrade that gave privy information to a third party, has anyone taken any action or reported the situation to a regulator or otherwise ? EDIT - just read that this seems to have already been raised a few posts back ... think this could be worth informing the regulator - selftrade seem to have acted with gross negligence. |
Posted at 05/6/2007 09:12 by katylied Be nice if a counter offer won the day... and promptly sacked all the CTV/Tzell management. Dream on... |
Posted at 05/6/2007 09:05 by katylied May 31, 2007, Travel Agent A bid made by Tzell Travel Group's shareholders to buy back Tzell Travel from CNG Travel Group is expected to be approved this month. The $18 million buyout bid is pending acceptance from at least 80 percent of shareholders at CNG, which is based in Ireland. In a recent sit-down with Travel Agent, Barry Liben, president and CEO of Tzell Travel, said he was a leading force behind the buyout offer. "We're all very excited about it," he said, adding that he and his management team sold Tzell in 2003 because it made good economic sense at the time. "But [running the company as a non-owner] didn't have the same feeling for me. We want to bring it home." After taking the company private again, Liben said he plans to continue growing Tzell Travel Group, which is the fourth-largest travel agency in the U.S. Tzell currently has offices throughout Manhattan and branch locations in 10 states, including the recently acquired California-based travel entertainment company, All-Star Travel Group... Interesting that CTV have yet to even mention that 'All-Star' transaction. It seems that nothing about Tzell is ever passed on to CTV shareholders (the smaller ones, anyway) save the final summary trading numbers... |
Posted at 26/5/2007 20:16 by katylied This article make some interesting comments about Irish companies and takeovers/buyouts. There was in the back of my mind a question aboutconflict of interest, whereby (in the UK) some shareholdings cannot be voted in (typically) an MBO. This seems to suggest, that in Ireland, the situation may be rather less strict... [edit] Forget (probably) an 'EGM'. That approach is perhaps what is refered to above as 'Schemes of arrangement' (ie. special resolution). Reading the RNS more closely, it seems they intend to 'tender' for shareholder support (to get 80%?). So it could take a while and in the meantime, someone else could make a competing offer, but CTV have undertaken not to consider one, unless it is 16.5p+... |
Posted at 22/5/2007 10:32 by katylied Yes, but the problem with that is that CTV are Tzell.There isn't any other significant business. So how can the losses be UK, but the profits US? The Tax figure quoted is at a rate of ~104% on the company's net profit. How does that work?... |
Posted at 01/2/2007 17:24 by katylied CTV gets mention... as an Evo woof-woof...Ho Hmmmm... |
Posted at 31/1/2007 17:33 by tifosigb I agree that CTV would be better off listed in NY. I think i will try to contact Dublin office tomorrow and ask what barriers if any are there to a dual listing.What's the chances of them returning any calls? The £700m value mentioned in press reports of the Dec 06 deal, was refering to the overall turnover value of the travel booked through Tzell. It was not meant to suggest Tzell was valued at £700. Tzell's own turnover figures are of course only a proportion of this overall travel bookings. |
Posted at 31/1/2007 17:03 by katylied All a bit of a mess really. CTV would be better off listed in New York, where someone might give a damn. Surely Tzell must be of interest to some predator? That has got more complicated of course, now that they are carrying significant debt. Then there was that recent buyout/merger (All Star Travel) reported in the US press. What was all that about? I hope there was more substance to it, than just another demonstration of how effortlessly CTV management are able to 'spend' shareholder money... |
Posted at 28/12/2006 11:07 by the drewster $700m is nothing but a pipedream.Anyway, interesting reports of the massive increase in online bookings, so maybe we could see some movement this year as someone takes out CTV if they haven't got too many more skeletons in the cupboard. The losses going forward must be worth something, as must Tzell? |
Posted at 11/5/2006 18:33 by katylied Robsy2Are you saying CTV no longer have the hotel inventory that was the very core of the original business? That is wierd, because I don't recall them ever saying they had disposed of it. Ditto with their booking settlement system, which I seem to recall, they had previously stated, was being retained... |
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