The Travel/Holiday industry as had mixed fortunes over the last few years. Gone are the days when family and freinds just enter a travel agents and pick a holiday from out of a brochure.

More disposable income and the availabilty of relatively cheap credit as meant people looking for holidays further afield and also holidays of a differing nature like hobby holidays and active participation holidays. People also tend to book there holidays online now and seek out direct contact with the airlines and hotels/ appartments, insurance etc, and cut out the middleman ie, the travel agent. Its cheaper and its also more flexible for the people booking the holiday.

This is where Travelzest comes to the fore and the company is building an empire to take on the needs of the varying requirements and demands of the enlightened customer.

The company have just reported very good results for the year end to October..

Travelzest plc
Preliminary results for the year to 31 October 2006


Travelzest plc, the British online travel group offering specialist travel
programmes, is pleased to announce its preliminary results for the year ended 31
October 2006.


Financial highlights

Total transaction value increased 261% to 44.1 million (2005: 12.2 million)

Turnover increased 70% to 19.2 million (2005: 11.3 million)

Profit before tax and goodwill amortisation increased 1,066% to 863, 000
(2005: 74,000)

Profit before tax increased 597% to 404,000 (2005: 58,000)

Normalised diluted earnings per share (adding back goodwill amortisation)
increased 290% to 4.25 pence (2005: 1.09 pence)

Gross profit percentage increased to 37.8% from 26% in 2005

And the chairman had this to say about the changing face of the holiday industry..

The travel market has changed significantly in the last five years providing
exciting new opportunities for growth.


The catalyst for this change is the internet.


Travellers are increasingly happy to buy flights and accommodation directly from
suppliers via the internet, especially where they are familiar with the
destination. As travellers become more adventurous, stimulated by the internet,
they are seeking more specialist and niche holiday experiences. These
experiences might be, for example, travelling further afield or engaging in a
particular interest or hobby whilst on holiday or demanding a higher level of
service support.


These specialist markets have traditionally been serviced by smaller,
independent travel companies. To be successful in these markets, the companies
need a genuine and deep understanding of the holiday experiences they sell and
be able to promote themselves effectively via the internet.


These smaller companies are often under-capitalised and unable to take advantage
of the burgeoning opportunities in their market place. In addition, smaller
independents often lack the ambition and financial resources to grow beyond a
certain size and profitability. They may also lack access to an effective online
distribution channel. As a result, they cannot gain the efficiencies of scale
which being a large business or a member of a bigger organisation can provide.


Travelzest has a simple strategy to capitalise on the changes taking place in
the travel market.


We aim to build a group of companies offering specialist travel and holiday
experiences where the internet provides an efficient means of communicating and
transacting with customers. By providing management expertise, financial
investment, cross-selling opportunities and group buying discounts, we will
enable these businesses to be more successful and profitable than if they were
independent.


We believe in a small head office which determines strategy, provides resource,
sets objectives but leaves local management motivated to run their businesses.


We also believe in balancing our portfolio by having businesses which make
profit at different times of the year. This avoids the problem which faces so
many travel businesses of having all their profits and cash flow dependent upon
just a few months' performance.

The company have been very busy putting this new empire together...

Operational highlights


Acquisition of iTravel2000.com in October 2006, Canada's largest pure online
travel retailer, providing counter-seasonal revenues to the predominantly
summer based revenues of Travelzest's businesses in Europe

Acquisition of three specialist UK travel companies: Best of Morocco
(November 2005), Peng Travel (May 2006) and Fair's Fare (June 2006). All have
made a positive contribution to the Group's results for the year

Launched Faraway Holidays, a long haul tour operator, as a start-up
in August 2006

Strong organic profit growth achieved in the Group's founding business,
VFB Holidays

Colin McKinlay, formerly Chief Financial Officer for Thomas Cook UK
& Ireland, appointed as Group Finance Director in April 2006


Post period end events

Tapestry Travel Limited acquired in December 2006 and relaunched as
The Tapestry Collection, specialising in programmes to Turkey and Crete

Wow House Limited acquired in December 2006, offering an exclusive
portfolio of large, prestigious houses to rent for short breaks in the UK

Holiday.co.uk and flight.co.uk websites to be relaunched imminently
with enhanced content and functionality

Mark Molyneux, a former Managing Partner of Ernst & Young in the UK,
succeeded Mike Bruce-Mitford as Chairman in December 2006

Nishma Robb, Group Distribution Director, joined the Board in December 2006,
highlighting the importance of the Group's online distribution strategy


FUNDIES

First of all the company reported cash of just under 11 million in the balance sheet at the end of the reporting period.

Broker forecasts are for EPS of 9p a P/E of 16.2 and a PEG of 0.1 to the 31st of Oct 2007, with EPS of 11.7p and a P/E of 12.4 and a PEG of 0.4 to the end of Oct 2008.

Price to Book Ratio 3.2

I expect Broker estimates to be upgraded in the very near future.

The Outlook Statement

Outlook


Our ambition for the year to 31 October 2006 was to acquire and start businesses
that had the potential to grow quickly under our ownership and complemented our
strategy. I am pleased that we have done this successfully.


In the coming year, we will focus on developing each of the businesses in the
Travelzest Group. We will also consider further acquisitions which broaden the
range of holidays offered to our customers. We look forward to the coming year
with confidence.

TA



DYOR.

regards GF.

GF - interesting you flag this one up - bought a few thousand early dec on a colleagues recommendation - he had followed the evolution for a few monhts - just bought and stuck away but have been quite happy so far, and results were extremely confident - didnt know enough to recommend as at smaller end of my portfolio, and unresearched by myself to date - will spend time this week looking at more detail - hopefully great minds and all that.

AM

Glad to see you in AM looks cheap to me and the acquisitions will keep on coming providing good news flow.

I know the management from the past and they have always done a solid job so I am rather upbeat about this one.

Historical item on the company from new issues...

Travelzest - Long Term Buy

Background - Two years ago, VFB Group, a 35 year old holiday package operator, listed on OFEX claiming to provide specialist tours and packages in France, ones that were 'imaginative and varied'. And two years ago, the business was making solid profits, bringing in turnover of just over 10 million. Between 2003 and 2004 as part of a general slowdown in the travel industry as well as - perhaps - some internal complacence, VFB moved into loss. But the business still had potential to deliver. Now, with a recently announced reverse takeover, placing and a possible move to AIM, Travelzest as it is now called, is ready to announce its progress to the market.

Operations - VFB in its original form was incorporated by Michael Bruce-Mitford and his wife in 1974. The group pioneered the concept of 'gite' holidays in Britain. Travelzest mainly markets its package holidays to the over 30s age group and uses newspaper adverts to attract its customers. It has won many awards for its concept holidays and in the year to October 2004 served 24,000 customers, had contracts running with 350 cottages and 150 hotels in France. The business uses a limited number of third party selling agents and therefore saves on commissions. Over 70% of VFB's customers are either repeat bookings or come from personal recommendations and as a result of its impressive performance, VFB won the '2nd best' tour operator award in 2004. VFB's sales are weighted towards the second half and therefore turnover at the interim stage is as little as a million pounds.

Performance over the last two years has not been at its best as the operator weathered difficult trading conditions with the impact of the SARS virus and the aftermath of 9/11. Also, with 35 years of hard work behind him, Director Bruce-Mitford was showing signs of slowing down. The business remained cash generative, stable and ready for growth and therefore, a wise decision was made with the recruitment of heavy hitter Chris Mottershead. Having turned around two of the largest operators in Britain, Mottershead shifted his focus towards VFB, with the intention of positioning it as an travel aggregator and growing it through acquisition.

A few months after his arrival, Mottershead spotted Holiday Express Group and initiated a reverse takeover. Holiday Express differs slightly from VFB/Travelzest as it operates mainly online and sells its packages through domain names like holiday.co.uk, flight.co.uk and discountholidays.co.uk. The business was established in 1983, First Choice bought a 49% stake in the business in 1998 and in 2001 acquired full control. The owners bought back the business in July 2001. The supply of holiday packages to tour agencies is dominated by the four big operators, First Choice being one of them. Holiday Express earns nearly 60% of its commission from holidays booked through these tour operators. The business runs a neutral website without giving preference to any of the four. In the year to September 2004, the business turned in 22.4 million in sales and 512,00 in pre-tax profits.

Business Development - As it stands, VFB is looking to raise 5.5 million through the issue of 4.36 million shares at 126p (the issue price) and it trades today at around 162p. VFB is paying 2.1 million for the business in cash and shares, an attractive price at just over four times Holiday Express' earnings. The acquisition will ensure that VFB's award winning packages can now be marketed through Travel Zest. The group as a whole is aiming to grow through acquisition.

Management - Chris Mottershead has taken over as Chief Executive and has served as head of TUI where he steered the company through the most difficult period and managed to bring in record profits. Prior to this he was President and CEO of North American Leisure Group. Mike Bruce-Mitford, Chairman, founded VFB Group and was Chairman of the Association of Independent Tour Operators. The two non-exec directors include Richard Hall and Peter Thomson.

Investment Conclusion - Travelzest is a much smaller operation than some of the larger tour organisers and it does not enjoy the same economies of scale. However as a small niche operator that is building a buy and build growth strategy, the company should be able to grow earnings much faster if it can buy new businesses at the right price. For the current year, VFB should bring in a tiny profit and Holiday Express should perform in line with last year's numbers. But brokers are estimating that post tax earnings could touch 560,000 in the year to October 2006 and 720,000 in 2007 and on a market cap of just over 10 million, the stock trades on a forward PE of 17 falling to 13. We suggest buying into this long term growth story

Just found this from Growth Company investor..

Travelzest - STRONG BUY
Companies: TVZ
02/02/2007

Travelzest, the specialist travel business led by industry visionary Chris Mottershead, delivered dramatic earnings growth in a year of four acquisitions and senior board appointments.

Driven by acquisitions, finals to October comfortably beat forecasts, with chief executive Mottershead announcing 1,066% growth in normalised pre-tax profits to 863,000, ahead of the 840,000 estimate from house broker Investec. Turnover took off by 70% to 19.2m, well above the 17.9m number in the market. Earnings of 4.25p soared 20% above forecasts and the gross margin grew from 26% to 37.8%.

Acquisitions included three niche UK travel companies Best of Morocco, Peng Travel and Fairs Fare with each contributing positively to the results. Original business VFB, which sells cottage holidays in France, performed well, whilst Holiday Express is about to launch new holiday.co.uk and flight.co.uk websites that allow customers to dynamically package up holidays.

Right before the year-end, Travelzest completed a fourth acquisition, iTravel2000.com, Canadas biggest pure online travel retailer and a higher margin business. The deal has brought counter-seasonal revenues to the predominantly summer based revenues of the European businesses, and Mottershead is also looking to drive bags of organic growth through the site by introducing dynamic packaging as well as web links to the tour operations, where there is huge potential for cross selling.

The travel industry has undergone major recent upheaval, but Mottershead has astutely honed in on the two big growth drivers, niche tour operations and online distribution, and given growth rates and the likelihood of further acquisitions, earnings upgrades are highly likely. For 2007, expect pre-tax profits of 3.6m from 36m sales, and earnings of 9p. The forward multiple of 16 times is way too low, and the shares trade at bargain levels.

James Crux
Market cap: 21.3m
PE Forecast: 16
Share price: 145p

Nice One GF - a great starting point for me thanks - a good day toaday (+5), already showing a plus of 14% for me, and no science to it on my part yet. I remember looing at VFB a long time ago and remember the cottage holiday side. Very dynamic imho and should deliver exciting growth over next year.

AM, well done Ill have a look, many thanks.

GF.

Well a pretty good day for starters up 5p on the day.

Well done AM.

GF, there is a newer update from GCI as well ;)

Cheers PP Ill have a look.

Cant find it PP do you have a link please?.

Blimey just seen the SP up nearlly 9% this morning, going great guns.

Slightly historical article..

Travelzest still on the hunt
Date: Monday 30 Jan 2006

LONDON (ShareCast) - UK travel firm Travelzest is still hunting for new acquisitions, the group admitted today, as it reassured trading remains in line with expectations.

Chairman Mike Bruce-Mitford said, The directors expect to make further acquisitions during the year and have identified a number of potential targets that fit the group's strict acquisition criteria. Current trading is in line with expectations.

The group, which only floated in October last year, reported a pre tax profit for the year to October of 58,000 compared with a loss of 14,000 a year ago. Turnover slipped slightly to 11.1m from 11.4m.

During the period the group appointed a raft of industry veterans such as former MD of TUI UK Chris Mottershead as chief executive, while the CFO of Thomas Cook UK Colin McKinlay is joining as finance director from 1 April.

Another corker of a day and way undervalued for an empire builder like this with top management.

I got in on these when the results came out.... bought in at 145p, this is cheap in my opinion..... lets see what happens tomorrow....

Yep hoping for another up day, fingers crossed.

A solid start to the day.

Just looking on Digital look the concensus broker view is for predicted EPS growth of 111% to the end of Oct 2007.

Thats certainly some growth.

Certainly solid GF - up 10 already.

Yup its motoring.

New note out from Broker Eddison

Feb 05

2007 Mouthwatering

Travelzest is making quick work of marrying online distribution with high-margin specialist tour operations. In little more than a year a clutch of niche travel programmes has been assembled while development of the Groups popular holiday portals now offers exciting prospects for customer conversion and cross-selling. In the meantime initial full-year financial targets have been met and senior management hired. So far, so good is the Edison opinion.
Research type: Company Comment - Full year results

http://www.edisoninvestmentresearch.co.uk/research/category/Travelzest

Moved up after lunch and doing very well on a fairly miserable day.

Lets hope for another slam-dunk day, +10% today

Travelzest V Peer group fundamentals

First Choice
to 31/10/2008, P/E 15 PEG 1.3 EPS Growth 12%

My Travel
to 30/10/2008, P/E 11.5 PEG 1.1 EPS Growth 10%

Holiday Break
to 30/9/2008, P/E 14.7 PEG 1.7 EPS Growth 8%

Travelzest
to 31/10/2008 P/E 13.9 PEG 0.2 EPS Growth 30%
(Broker Figures expected to be upgraded)

Conclusion

Travelzest appears to be very cheap relatively on nearly all counts compared to its peer group. I believe the company to be very cheap on its present rating.

A good positive day again today.

I think a doubling of its SP in the next 18 months is easily on the cards. Check out the comparison on growth to its peers above.

Any mention of this one in the investors chronicle?.

OI know they did have a buy reco on it late last year, just wondering if theres a follow up article after the results?.

The Investment Column: Fly with Travelzest for a rewarding adventure
Edited by Michael Jivkov
Published: 30 January 2007
Our view: Hold

Travelzest describes itself as a specialist travel company. That means it offers holiday deals that you are unlikely to get from an agent on the high street for people who want something more than two weeks in Spain sunbathing next to a swimming pool. So if you fancy touring Vietnam or Cambodia or decide you would like to go on a naturist break to Croatia, the AIM-listed group can fix the trip for you.

It tends to target empty-nesters, who make up the bulk of its customers. With their children grown up, it is they who have the time and money to spend on more exotic holidays. And, as yesterday's results from Travelzest show, this is a great part of the travel business to have exposure to. For the year to 31 October, pre-tax profits rose to 404,000 from 58,000 in the previous year. The figures comfortably beat City expectations and were the first since Travelzest's acquisition of itravel2000.com in October.

Itravel2000.com is Canada's largest online travel retailer - bigger even than Expedia - with the tie-up between the two making great strategic sense. Travelzest is now in a position to offer its specialist holidays to the Canadian company's sizeable customer base. Its upcoming launch of websites holiday.co.uk and flight.co.uk should boost the company's customer base further, creating a full service holiday portal via which families can create the holiday that suits them best.

Itravel2000.com helped increase Travelzest's profit margins from 26 per cent to 38 per cent. Analysts believe they will rise further in the current year - probably to around 43 per cent - driving pre-tax profits up to around 3.6m by the end of 2007. At 15 times forward earnings, the stock is well worth holding.

Just wondering if the MyTravel and Thomas Cooke merger is a sign of consolidation in the industry?.

A goosd appointment to the board this morning......

Travelzest appoints itravel2000.com co-founder Jonathan Carroll to company board
AFX


LONDON (AFX) - Travelzest PLC said it has appointed the co-founder and president of Canada's itravel2000.com, Jonathan Carroll, to the company's board with immediate effect.

The British online travel group acquired Canada's largest pure online travel retailer itravel2000.com in October 2006.









newsdesk@afxnews.com

mar/aku/slm

Cant believe these didnt move up today.

Never mind still cheap and better days ahead.

Sound lookinbg chart....." alt="" />

From Growth Company Investor tips web site...

Right before the year-end, Travelzest completed a fourth acquisition, iTravel2000.com, Canadas biggest pure online travel retailer and a higher margin business. The deal has brought counter-seasonal revenues to the predominantly summer based revenues of the European businesses, and Mottershead (ceo) is also looking to drive bags of organic growth through the site by introducing dynamic packaging as well as web links to the tour operations, where there is huge potential for cross selling.

The travel industry has undergone major recent upheaval, but Mottershead has astutely honed in on the two big growth drivers, niche tour operations and online distribution, and given growth rates and the likelihood of further acquisitions, earnings upgrades are highly likely. For 2007, expect pre-tax profits of 3.6m from 36m sales, and earnings of 9p.

James Crux

Further acquisitions should help push the price upwards.

P/E to end of Oct 2008 15 PEG 0.5

A little tick up this morning.

Travelzest plc
17 April 2007



Date: 17 April 2007

On behalf of: Travelzest plc ('Travelzest' or the 'Company')

Embargoed for: 0700hrs



Travelzest plc

Appoints Robin Sutherland as Managing Director, holiday.co.uk



Travelzest plc, the British online travel group offering specialist travel
programmes, is delighted to announce that Robin Sutherland has been appointed as
Managing Director of holiday.co.uk, which is central to Travelzest's online
distribution strategy. Robin will join the Group on 23 April 2007.



Robin joins from Expedia.co.uk, the largest online travel distributor in the UK,
where he has worked for over five years, first as Director of Customer Analytics
and latterly as Director of Retail. Robin has been instrumental in shaping
Expedia's retail and merchandising strategy and defining its dynamic package
promotion model. He built the analytics function in the UK from scratch and
optimised marketing spend from mid-2003, which resulted in significant
year-on-year growth for 2004.



Previously Robin was a Customer Relationship Manager at TheFirstResort.com and
worked in market analysis roles for British Airways, Norton Rose, Northern &
Shell, BPI Group and Farmfoods.



Travelzest's holiday.co.uk and flight.co.uk websites have recently been
relaunched with enhanced content and functionality. Holiday.co.uk moves from
being a third party package holiday distributor to a full service online holiday
portal providing a broad range of holidays, including dynamic packaging and
access to the content of the Group's specialist tour operators.





Commenting on his move to Travelzest, Robin Sutherland, said:

'I was looking for a new challenge and believe there is an exciting opportunity
at Travelzest to create something different that offers travellers and
holiday-makers a wide range of choices, including the ability to book
specialist, tailored holidays on the internet. I am very much looking forward to
working with Chris, Nishma and the rest of the team.'



Commenting on the appointment, Chris Mottershead, Group Chief Executive, said:

'We are delighted to have attracted someone of Robin's calibre to lead the
ongoing development of our holiday.co.uk online portal. Robin's experience in
the online travel market and his understanding of consumer behaviour will be
invaluable in further defining the strategy for this business and driving
traffic towards the Group's specialist tour operators' websites.'





Enquiries:



Christopher Mottershead

Travelzest plc 01442 874322

Sound result announced this morning. looks like a re rating on the cards...

Travelzest swings to H1 pretax profit; says current trading in line
AFX


LONDON (Thomson Financial) - Travelzest PLC swung to a first-half pretax profit on excellent results from its Canadian e-retail unit and strong performances by its winter-biased tour operator businesses in the UK.

The online travel group also said current trading is in line with board expectations. Going forward, the company said it will

continue to develop Holiday.co.uk and also consider further acquisitions.

Travelzest posted a pretax profit of 0.40 mln stg in the six months to end-April compared with a restated 1.36 mln loss a year ago. Revenues came in at 13.6 mln stg compared with 3.70 mln a year ago.





TFN.newsdesk@thomson.com

ran/jlc

Travelzest raises 1.5 mln stg via placing 1.06 mln new shares at 145 pence each
AFX


LONDON (Thomson Financial) - On-line travel group Travelzest PLC said it has raised about 1.5 mln stg, before expenses, through a placing of 1.06 mln new shares at 145 pence each to fund the acquisition of niche travel operators as the opportunities arise.

TFN.newsdesk@thomson.com

rda/ajb

Travelzest buys Captivating Cuba at 10,001 stg cash; to add to earnings in 2008
AFX


LONDON (Thomson Financial) - Travelzest PLC said it acquired Captivating Cuba Ltd, a specialist UK tour operator offering holidays to Cuba, for 10,001 stg in cash plus the repayment of a 242,000 stg loan.

The British online travel group also said it will provide additional working capital for the company.

Travelzest said it has identified a number of initiatives for the acquired business, which reported a small loss last year, resulting in the acquisition being earnings enhancing in 2008.

Chief executive Chris Mottershead said: 'Captivating Cuba already sells over 3,500 holidays a year to the UK market and by linking with itravel2000.com, our Canadian operation, we will be able to exploit this opportunity further and deliver strong organic growth over the coming years.'

TFN.newsdesk@thomson.com

jjo/pmi/cw



COPYRIGHT



Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Travelzest sees FY trading in line with expectations; outlook positive
AFX


LONDON (Thomson Financial) - Travelzest PLC said it expects trading for the year to be in line with its expectations and that the outlook for next year remains positive.

The online travel group said its largest business, itravel2000, has continued its excellent performance into the second half and is well placed going into the peak winter selling season.

'We have seen strong performances from the businesses we acquired in 2006 and combined with the improvements we expect to come from the new websites, holiday.co.uk and flight.co.uk, and the additional profits to be generated by the 2007 acquisitions, we are well positioned for long-term sustainable performance and growth,' chief executive Chris Mottershead said.







TFN.newsdesk@thomson.com

tsm/jrr

Couldnt resist having a few bob on TVZ Travelzest when it came up on my screener this morning.

Looks like fundies are OK aswell. Recent director buy.

And to cap it all another big buy this afternoon, probably another director buy.

Just look at the beautifull U shaped recovery with all Moving averages moving in sink. Its a work of art a bit like a women with sassy legs.



Resistance at 19p now turning support.

Up nearly 12% this morning.

Superb chart.

Would appear Brokers support our bullish stance here......

Travelzest PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Merchant John East Securities
29-06-10 BUY 4.60 1.80 5.10 2.00

Edison Investment Research
14-06-10 None

Investec Securities [R]
26-03-10 BUY 4.38 1.65 5.01 1.90

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 4.60 1.80 0.00 5.10 2.00 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00 0.00 0.00


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 284.52% -79.01% 11.11%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.24m 6.60m 7.00m

EBIT 4.62m 5.50m 5.90m

Dividend Yield % % %

Dividend Cover x x x

PER 2.33x 11.11x 10.00x

PEG 0.01f -0.14f 0.90f

Net Asset Value PS -8.65p 20.10p 22.50p

Stocks derd cheap......

Travelzest PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Merchant John East Securities
29-06-10 BUY 4.60 1.80 5.10 2.00

Edison Investment Research
14-06-10 None

Investec Securities [R]
26-03-10 BUY 4.38 1.65 5.01 1.90

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 4.60 1.80 0.00 5.10 2.00 0.00

1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 0.00 0.00 0.00 0.00 0.00 0.00


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 284.52% -79.01% 11.11%
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.24m 6.60m 7.00m

EBIT 4.62m 5.50m 5.90m

Dividend Yield % % %

Dividend Cover x x x

PER 2.33x 11.11x 10.00x

PEG 0.01f -0.14f 0.90f

Net Asset Value PS -8.65p 20.10p 22.50p

should be more north here today - news imminent

hope you guys got in
gla

Glad I got in @54. Board rejected a bid of 6p a few month ago so hopefully if they get the finances in order this will look like a bargin.

well done unlucky - should be some more north today - lots of directors holding at 19p + and as you say a 6p bid rejected just a few months ago :-0

atb

director share holdings:

MJ Molyneux Ordinary 2p 15,559,682 10.72%
A Gardner Ordinary 2p 10,751,285 7.41%
J C Fraser Ordinary 2p 7,033,890 4.85%
M J Tully Ordinary 2p 5,432,000 3.74%
Richard Griffiths Ordinary 2p 5,245,000 3.61%

many purchased at 19p, 30p + tvz should not go cheaply imo

direct quote from a respected poster....

'12 months to October 2012

Total sales 225m Pounds
Revenue 24m Pounds
Gross profit 19.8m Pounds
Operating profit 3.5m Pounds
Underlying Profit 8.9m Pounds
305k loss from continuing operations
Loss from discontinued operations
loss for the year 1.6m pounds (down from 2.9m the year before)

20,000 sales calls per week and growing!

I said this is worth 10million plus based on 130million sales and 3million profit. Will have to revise that on 225million sales, 25million revenue and 6million profits. 18million mcap a fair value? 12.5p per share

Lets see what happens'

interesting day / week ahead :-0

kerrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggg

gla

take over approach from 2011 but gives indication of value................

http://www.thetimes.co.uk/tto/business/industries/leisure/article2991546.ece
http://www.thetimes.co.uk/tto/business/industries/leisure/article2990988.ece


& from 2012

http://www.stockmarketwire.com/article/4360305/Travelzest-initiates-sale-process.html


1 May 2012 | 11:45am StockMarketWire.com - Travelzest, the online travel group, has received a preliminary expression of interest from Jonathan Carroll, its Chief Executive Officer, and Adrian Cobbold, Chief Financial Officer, to acquire the company. As a result the independent directors, Nigel Jenkins, Mark Molyneux and Richard Hall have decided they will conduct a formal sale process in order to explore this and any further potential expressions of interest. While the independent directors believe that the company has a future as an independent business, it recognises that there may be other individuals and businesses which are better placed to build on its strong Canadian trading businesses. They have therefore commenced a formal sale process in order to seek to unlock and crystallise shareholder value, through which the company might also be able to offer more opportunities for its employees and other stakeholders. Potential offerors for the entire issued and to be issued share capital of the company are invited to contact HW Corporate Finance who have been engaged to manage the formal sale process. The company has given details of the formal sale process. Any interested party who approaches HW Corporate Finance will be required to enter into a non-disclosure agreement before being permitted to participate in the process. Travelzest intends to release a summary financial overview shortly to all participants who have entered into such non-disclosure agreements with the company. It is intended that any participant who is taken forward to the next phase of the formal sale process will be given access to a data room and management presentations. At 11:45am: [LON:TVZ] share price was +0.63p at 5.13p - See more at: http://www.stockmarketwire.com/article/4360305/Travelzest-initiates-sale-process.html#sthash.uLKFjmCp.dpuf

Hi Gibby, shit or bust tomorrow hope it's good news.

lol unluckjy - looking good another short extension very close now imo

did you notice that red leaf vacations GROUP one of the rumoured bidders who also bid for tvz in the recent past and the name on the email address at the bottom of the rns redleafpr.com

could be interesting start here today!

gl

1.13 currently - good buy sp should make for a good intraday profit later today :-0

moving :-0

good time to buy again now 1.13 - should turn another easy intraday profit quickly :-0
when people stop playing with phrm shortly
gla

http://www.openjaw.com/stories/story.php?id=3601/aldenham-canada-buying-itravel2000