Just bought this at 64.75 pence,feel free to comment..

I`ve had a bit of a run in the car-hire business this last few months prop first vdy and now ave,,,,i wonder if hertz is listed.

worth exploring....

ave feel like they may push to 80 and then settle down in a 75-80 something range. then wait for some decent results, takeover or an uptick in the trading

Anybody else in this avis car.

you and me...we only need a SMART car two seater!

Well 73 is here prop i think we should trade this smart car in and buy a rover 75.

LOL. i think this still has legs...good price action today.

Still a hold for me,a nice little banker.

level on the day (so far!) RESULT!

buyers coming thick and fast and paying 70!

not huge amounts but keep it coming.

FLIGHT TO QUALITY

rgds
PT

erm....WOW!!!! what the bugger is going on!

Thought I would pop in and say hello, not stopping, as there is nothing going on anywhere today.

Well not really, red all over!

Little blip for you here just after 1pm, keep pumping people.

I am seriously thinking of not looking at my stocks for 3 years and then seeing what is going on.

America sneezes and we catch the cold.

prop you were dead right about who lost the money with WLW, seems lots a hedge funds are unhappy.

WMH have cancelled the super divi as they are after Stanley Leisure, damn I wanted the divi.

Nothing works Touchwood!!


Are these lot here about to be bought??

Rumour control says...................

i think something is in the works. the parent owns 60% and won't be diluted. they were floated at 124p and i think they need to unshackle from the parent to move on. they have a newly appointd MD for the UK who gave up his partnership at Bain to pursue opportunities at AVE. My understanding is he was a high flyer so it must have been a gloden goose to lure him away.

all in, this is a solid stock with a great brand that has lost its way the last two years. we are at a level where they have taken a hit and are recovering and there is clearly an order or two in the mkt.

i am in this since 61p and am holding for some news. don't know why but just really fancy them for a move. all helped as well by RAC being bid for. this is a truelly pan european+asia company and i think a decent bet.

SWW, i have just started a "flight to quality thread" and would love to get it going...please feel free to spread your gospel!

by the way, i think the WLW has a way to run yet...i think the board may have a few casualties after the bid debacle. watch this (or the WLW) space!

Cendant the owner of the Avis brand 14 March press release




Press Releases
Corporate

CENDANT ANNOUNCES DIVISION MANAGEMENT CHANGES AS COMPANY NEARS COMPLETION OF STRATEGIC REALIGNMENT
New York 03-14-2005 -- Cendant Corporation (NYSE:CD) today announced that the Company's previously disclosed strategic realignment and disposition of several non-core business units will result in the streamlining of its division management structure and changes in reporting relationships.


In keeping with the Company's strategic realignment, Cendant will operate within two vertical marketsTravel and Real Estate. The Real Estate Services Division will continue under the leadership of Richard A. Smith, chairman and CEO of that division. The Company's Travel segment will comprise two integrated groupsTravel Content and Travel Distribution. Stephen P. Holmes, chairman and CEO of Cendant's Hospitality Services Division will be responsible for Travel Content, which includes the Hotel Group, Timeshare Resort Group, Vacation Exchange Group, Vacation Rental Group and Cendant Car Rental Group. Samuel L. Katz, chairman and CEO of the Travel Distribution Services Division will oversee Travel Distribution, which includes Agency Services, Consumer Travel, Corporate Travel Solutions and Supplier Services. As a result of the expected disposition of the Company's Marketing Services Division in the third quarter of 2005, the Company will disaggregate its Europe, Middle East and Africa (EMEA) headquarters in London, and the functions provided by this office will be subsumed by Cendant's U.S-based Corporate Group and/or operating units based in the UK.

Accordingly, Kevin M. Sheehan, chairman and chief executive officer, Vehicle Services Division and Scott Forbes, senior executive vice president of Cendant EMEA will be leaving the Company.

Cendant's Chairman and CEO, Henry R. Silverman, stated: "The recent dispositions of our non-core business units, including our tax preparation, mortgage, fleet management and fuel card management units, and the pending sale of Marketing Services, will position Cendant as a pure play travel and real estate company. As part of the realignment, we are compelled to streamline our management reporting structure to be more in line with the long-term operating structure of the Company.

"Kevin Sheehan has been a trusted advisor and strategic partner for more than 20 years and has played an important role in the evolution of Cendant. Kevin took the helm at Avis Group as president in 1999 following its initial public offering, and later served as Cendant's CFO after Avis was brought back into the Cendant fold in 2001. Given the depth of his experience at Avis, Kevin assumed responsibility for the Company's Vehicle Services Division upon the acquisition of Budget in 2003. Under Kevin's stewardship, we have surpassed all expectations for synergy creation through the successful integration of Budget, substantially increased the services portion of our Fleet business, and drove the growth of Wright Express, which culminated in Cendant receiving approximately $1 billion of proceeds in connection with its disposition through a public offering this past month. With the recent spin-off of PHH and sale of the Company's fuel card management business, Kevin and I together concluded that his work at Cendant is substantially complete. I am confident that Kevin's diverse leadership experiences and noteworthy accomplishments at Cendant will enable him to realize his ultimate goal of leading a large public company on his own.

"Scott Forbes has made invaluable contributions to Cendant's achievements during his fifteen years from the inception of HFS through our Company's recent transformation. As one of my earliest senior executives, Scott played an important leadership role in HFS' formative years and the creation of Cendant, culminating in his appointment as Chief Accounting Officer. He later identified the opportunity and agreed to lead Cendant's operations in EMEA at its nascent stage. In this capacity, Scott served as the senior corporate executive outside the United States and was responsible for the transformation of NCP and Green Flag into thriving businesses that ultimately generated more than $1.6 billion of combined proceeds upon disposition. He was also responsible for forming our Vacation Rental Group in 2001, and successfully implemented its acquisition strategy to make it the industry's global leader with more than $1 billion of annual rental value. As a result of Scott's efforts, our operating divisions have reached considerable scale in EMEA and he believes that his work is substantially complete. I am grateful for his dedication to Cendant and for the value he has created for our shareholders.

"Both Kevin and Scott will be sorely missed by all of us at Cendant, and I wish them much success as they pursue opportunities outside of the Company."

As a direct result of its strategic realignment and disposition of non-core businesses, Cendant also announced that it expects to implement changes in the Company's segment reporting structure with respect to its Travel Content group for financial reporting purposes effective with its first quarter 2005 earnings release. Travel Content will contain three segments: Hospitality, Timeshare Resort and Vehicle Rental. The Company expects to re-format its 2005 guidance consistent with its new segment reporting during the next several weeks.

About Cendant
Cendant is primarily a provider of travel and residential real estate services. With approximately 80,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.


Media Contacts:
Elliot Bloom
(212) 413-1832

Kelli Segal
(212) 413-1871

Investor Relations:
Sam Levenson
(212) 413-1834

Henry A. Diamond
(212) 413-1920

This is bound to have an impact on bid speculation for Ave as the new Cendant organisation takes shape

Come on its been along time coming but may be ,,just may be there could be an offer.

could be intersting...something is clearly happening here. a six month chart for you that you (dave) may want to post at the start of the thread.


as a reminder from the 24 Feb 2005


D'Ieteren incoming CEO 'happy' with Avis stake, has long-term vision for Avis
AFX


BRUSSELS (AFX) - D'Ieteren Trading BV incoming chief executive Jean-Pierre Bizet quashed rumours that a sale of its subsidiary Avis Europe is on the cards, saying he is 'happy' with the current stake and has a long-term vision for the group.

Bizet said: 'We have a long-term vision for Avis. We are trying to be a good parent company.'

He denied reports that the company has been in discussions with Barloworld with a view to selling Avis. 'We don't know what fuelled these rumours,' he said.
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looking at the chart with moving averages this is even more compelling...

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stake building?

Avis Europe PLC
19 April 2005




19 April 2005

Avis Europe plc ('the Company')

The Board of Directors of Avis Europe plc received notification on 18 April
2005, pursuant to sections 198 - 202 of the Companies Act 1985, that Franklin
Resources, Inc. and its affiliates, which includes Franklin Mutual Advisers LLC
and Templeton Worldwide, Inc. and its affiliates, now hold 35,401,021 ordinary
shares in the Company representing 6.0433% of its issued ordinary share capital.

Enquiries:

Judith Nicholson

Company Secretary

Tel: 01344 426644

they have bought approx 5 million share since the 11th of march...apprears they are still adding.

Interestingly
The average price paid for the previous Franklin holding is around 72p which is just above what they must have paid to add 5m shares since 11 March 05
They must be banking on significant SP growth from now on

Franklin are based in New York

so somebody in the office is responsible for Cendant analysis........

very possibly and like the way you joined those dots!

of all the possible buyers Cedant are certainly the ones wih an inside track. all looks interesting.