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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cng Travel | LSE:CTV | London | Ordinary Share | IE00B00VVP40 | ORD EUR0.0125 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 14.00 | GBX |
Cng Travel (CTV) Share Charts1 Year Cng Travel Chart |
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1 Month Cng Travel Chart |
Intraday Cng Travel Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/10/2007 | 19:27 | CNG Travel-innovative technology+ forward p/e | 1,261 |
| 15/1/2005 | 11:33 | irish fellas dumping CNG travel - day one | 45 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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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 25/6/2007 13:45 by the drewster No offers forthcoming - oh dear.25 June 2007 CNG Travel Group plc CNG Travel Group plc ("CNG" or "the Company") On 22 May 2007, Corporate Travel Holdings, Inc. ('CTH') announced a firm intention to make a recommended offer for CNG at 14.5 pence per CNG Share. On 31 May 2007, the Company announced that it had received indicative proposals from two parties (the 'Potential Offerors'). Each of the proposals was at an indicative price which would trigger the undertaking by CTH shareholders to accept a competing offer of at least 16.5 pence per CNG Share, or increase the price payable pursuant to their offer to a level above the competing offer. On 14 June 2007, CNG announced that, having concluded its review, one of the Potential Offerors did not intend to make an offer for the Company. The remaining Potential Offeror has now informed CNG that it is not in a position to proceed and will not make an offer for the Company. In the absence of any improved offer, the Independent Directors continue to recommend the cash offer by CTH of 14.5 pence per CNG Share, the closing date for which is 3.00p.m. on 4 July 2007. The holder of 1% or more of any relevant securities in the Company may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2006, as applied. A further announcement will be made in due course. |
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 04/6/2007 15:14 by tifosigb Hopefully someone else can help, today's announcement shows that 60,500 shares were sold on Friday at a price of 30.52p, so does that is mean that this could potentially be a price one of the potentials is willing to pay?Date of dealing 01 June 2007 Dealing in (name of company) CNG Travel Group Plc 1. Class of securities (eg ordinary shares) Shares 2. Amount bought (Ordinary shares) Amount sold (Ordinary shares) Price per unit (EUR) 60,500 0.3052 3. Resultant total of the same class owned or controlled (and percentage of class) 801,700 Ordinary Shares (1.36%) 4. Party making disclosure Goldman Sachs International 5. EITHER (a) Name of purchaser / vendor (Note 1) Goldman Sachs International OR (b) if dealing for discretionary client(s), name of fund management organisation 6. Reason for disclosure (Note 2) (a) associate of (i) offeror (Note 3) NO (ii) offeree company NO Specify which category or categories of associate (1-8 overleaf) 2 If category (8), explain (b) Rule 8.3 (ie disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in) YES Signed, for and on behalf of the party named in (4) above (Also print name of signatory) Peter Highton Telephone and Extension number 0207-774-1935 |
Posted at 31/5/2007 15:35 by tifosigb I expect Finbarr is one of the "Potential Offerors", it wouldn't supprise me. Hopefully it'll drive the share price up a few more pence. I wonder how much has been indicatively offered ? Find out soon hopefully. |
Posted at 31/5/2007 11:48 by nilip 31 May 2007CNG Travel Group plc CNG Travel Group plc ("CNG" or "the Company") On 22 May 2007 the Independent Directors of CNG and the board of directors of Corporate Travel Holdings, Inc. ('CTH') announced the terms of a recommended cash offer for the entire issued and to be issued share capital of CNG by CTH of 14.5 pence per CNG Share. Since the announcement of the proposed acquisition by CTH, the Independent Directors have received indicative proposals from two parties (the "Potential Offerors") regarding possible offers for CNG. Each of the proposals is at an indicative price which would trigger the undertaking by CTH shareholders to accept a competing offer of at least 16.5 pence per CNG Share, or increase the price payable pursuant to their offer to a level above the competing offer. The proposals are very preliminary in nature and subject to, inter alia, due diligence. Having reviewed the indicative proposals, the Independent Directors determined that, subject to agreeing appropriate confidentiality arrangements, they will provide these parties with access to due diligence and to senior management. This statement is being made by the Company without prior agreement with the Potential Offerors and there can be no certainty whether any offer will be made, nor as to the terms on which any offer might be made. Consequently, the Independent Directors continue to recommend the offer by CTH. The holder of 1% or more of any relevant securities in the Company may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2006, as applied. A further announcement will be made in due course. Ends. |
Posted at 23/5/2007 11:30 by the drewster Assessment ... we get a single day's notice, and an RNS that goes on about the recent share price movement (which had been ZILCH!!!!)Just feels wrong somewhere, but resigned to being unable to do diddly about it. |
Posted at 22/5/2007 15:59 by the drewster Course they will - we get one day's notice "in response to the recent movement in the comapny share price" ... what movement was that then?A day later, there's the cash offer, which the boys acting for us managed to talk up 8% And then the little snippets like the directors actually having a pice of the lucrative pie that will be left start coming out. Amazing that there doesn't have to be significantly more transparency about these things, as it leaves a pretty bitter taste. |
Posted at 22/5/2007 07:17 by nilip Here's the full RNS :Cng Travel Statement re. poss. offer RNS Number:9913W CNG Travel Group plc 21 May 2007 21 May 2007 For Immediate Release CNG Travel Group plc Statement re Possible Offer The Board of CNG Travel Group plc ("CNG" or the "Company") ("the Board") notes the recent movement in the Company's share price. The Board confirms that it has received an approach from a consortium ("the Consortium") led by PJ King and Barry Liben, the group chief executive and president of Tzell Travel Group (a wholly owned subsidiary of CNG) respectively, which may or may not lead to an offer for the Company at a price of 14.5 pence per CNG Share (the "Possible Offer"). Following the approach, the Company constituted an independent committee of the board of directors comprising Luke Mooney, Ralph Manaker and Zara Stassin ("the Independent Directors") to consider the Possible Offer. The Independent Directors are being advised by IBI Corporate Finance. The executive directors of the Company (namely PJ King and Willie Lynch) together with certain non-executive directors (Seamus Ross Jnr and Michael Smurfit Jnr) are conflicted from considering the Possible Offer because of their involvement with the Consortium. Should an announcement of a firm intention to make an offer be made pursuant to Rule 2.5 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2006 the proposed offer price of 14.5 pence per share is at a level which the Independent Directors would intend to recommend to shareholders. However, shareholders should note that while discussions with the Consortium in relation to the Possible Offer are at a very advanced stage there can be no certainty that an offer will ultimately be forthcoming. The holder of 1% or more of any relevant securities in the Company may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2006, as applied. A further announcement will be made in due course. In the meantime, shareholders are advised to take no action. Ends. Enquiries: CNG Travel Group Tel: +353 1 296 3399 Luke Mooney IBI Corporate Finance Limited Tel: +353 1 637 7800 Tom Godfrey Brian Farrell The Independent Directors of CNG accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Independent Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. IBI Corporate Finance Limited, a subsidiary of The Governor and Company of the Bank of Ireland (which is regulated by the Financial Regulator), is acting for CNG and no-one else in relation to the Possible Offer and will not be responsible to anyone other than CNG for providing the protections afforded to clients of IBI Corporate Finance Limited nor for providing advice in relation to the Possible Offer. |
Posted at 26/1/2007 17:48 by tifosigb We can't be to far from an encouraging update on this company. Just re-read the statements for previous interim and full year results. I had forgotten how frank and honest the statements were with regard to previous mistakes. I had also forgotten just how many shares the current directors were holding between them: P J King (our current CEO, appointed after the previous disasters) has 627,644 shares - (563,043 he was holding as at the end of 2004). This means he has an actual paper loss of over half a million pounds to recover. He also has options of 724,112 which are not 'back in the money' until north of 60p. Plus another 100,000 excercisable @ 103p. Shamus Ross Jr. is on the board tasked with recovering Ross Family money of almost £20m. They have 18,840,258 shares , which have been held since before the end of 2004. They lost it all once but were bailed out by the floatation when they were 'awarded' these shares for the dubious late repayment of a previous loan to a pre flaotation CNG. However, history does not change the fact they need their money back. I am sure he and the family are very committed to recovering value. Michael .W. Smurfitt Jr. is also on the board tasked with recovering value on 2,908,984 shares held by his Dad Dr Smurfitt since before the end of 2004. They too are nursing a multi million pound paper loss. Again, I am sure his interest is one of ensuring no repeat of previous mistakes , no reckles gambles and sure footed prudent recovery in business value and share price. Zara Stassin is holding 568,640 shares (536,960 of which pre date the end of 2004). Again, an active board member nursing a paper loss of around half a million pounds. Luke Mooney holds 167,241 shares (153,780 of which pre date end 2004). £135,000 is not an inconsiderable paper loss to be sat on. My point here is: Despite my extreme discontent with the historical way in which this company was previously run and my dissappointment with the way the 2004yr AGM was held in 2005, I consider that these people have very real intrests in restoring shareholder value and that this year could very well show that this is to be a reality, through the prudent growth of Tzell. I also think it unlikely that any further asset stripping has or would take place here because it would require the collusion of the whole board and would be very obvious and public. This compmay is now a simple play on Tzell and I reckon could well now be seriously under valued. Any other thoughts............ |
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