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

Looks good prop and can only get better , cheers dave.

big rolls today...good to see the volume stay up there

stock going through at 75.25!!!!!!!!!!!!!!!!

not alot but it almost looked like a fast market!

Have you guys got a price target to sell at here or holding for some type of takeover? Seems Fidelity have increased their holding.

Avis Europe PLC
22 April 2005


22 April 2005


Avis Europe plc ('the Company')

The Board of Directors of Avis Europe plc received notification on 21 April
2005, pursuant to sections 198 - 202 of the Companies Act 1985, that Fidelity
International Limited (FIL) and its direct and indirect subsidiaries, being
non-beneficial holders, now hold 46,932,035 ordinary shares in the Company
representing 8.01% of its issued ordinary share capital.

Enquiries:

Judith Nicholson
Company Secretary
Tel: 01344 426644




This information is provided by RNS
The company news service from the London Stock Exchange

80 pence a share will do me gav,,no point being greedy.

Avis Europe Parent Co are D`Ieteren with 60% ownership Fidelity & Franklin having a further 14% This leaves free market shares of 152M
Large parcel purchases since 4 Jan 05 suggest a further 60M shares are in the hands of Funds with under 3% each
The market in the residual shares is short of stock and hence disproportionately sensitive to relatively small fluctuations in volume
D`Ieteren are negotiating the purchase of Elite Autoglass and Glaspro Inc of Colorado thru their subsidiary Belron.The deal should be completed end April
This gives Belron access to the US auto glass market for the first time
Meanwhile Avis Inc and Avis brand owner Cendant is a massive multi national in the leisure business ( hotels timeshares etc) Avis Inc successfully exploit the Avis brand in the USA but not in Europe or Asia
Cendant recently announced a reorganisation in which they are integrating Avis Inc into the rest of their leisure businesses to optimise global costs and marketing opportunities
Avis Europe have not performed well since being acquired by D`Ieteren in 2002 at around 100p/share and disposal would suit them particularly if it also brought the sweetener of side deals with Cendant which aided the Belron US launch
Avis will announce a trading update in mid May 05
Around this time or within a few months thereafter with the Belron acquisition is out of the way would be a good time for D`Ieteren to announce sale of Avis Europe to Cendant
Depending on the trading update..
Minimum sale price to enable D`Ieteren to retrieve their original investment ..100p
Minimum sale price to enable Fidelity and Franklin to retrieve their original investment ..90p

nice post cheers. makes a change to the usual i babble on about on this thread!

so you are of the belief these will be taken out it take it.

i have been watching the story unfold very closely and think the same, but i think it will be an internal buy-out team headed by the new UK MD. just a feeling because he is ex-Bain and meant to be hot and you never give up a Bain partnership unless there is a mighty big carrot being dangled.

loving all the volume...even if it is rolls it shows some interest in this beauty!

Cheers guys for sharing your thoughts.

even more volume...

Another day when biggish parcels are changing hands with negligible impact on price
This may be negotiated deals simply being processed thru the system............
Could also be be transfers from nominee to nominee to keep below the 3% ownership level to avoid a declaration..........
Over the last few weeks the true AVE market only seems to operate when the big boys are`n`t in play and deals are averaging well under 10000 shares and volume is below 400k.........

Autoglass acquisition in USA completed by Belron last week and out of the way
for D`Ieteren......
EGM called to tidy up Avis accounts........formality given ownership structure
Cendant progressing integration of Avis Inc and leisure businesses in North America and will soon be ready to address potential savings in Europe and Asia
assuming they can do a deal with D`Ieteren to acquire AVE or at very least secure cooperation in exchange for share of savings.....
Only issue outstanding is latest AVE trading update due end May......which must be going in the right direction as recent increase in Fidelity and Franklin holdings suggest the inside track is providing positive vibes

Plenty of big parcel buyers around when sp drops below 70p suggesting AT buy orders in pipeline from funds
Conclusion
Looking good for next leap forward in sp

80p by mid June ??

i agree. all things look like a turnaround, especially the cleaning up of the accounts.

i am just as positive.

rgds
PT

Still lots of buyers around waiting to pounce if the price drops below70p

yup, silly close yesterday as well. they didn't trade there all day untill the last tick.

More big parcels changing hands with little or no impact on sp......
This has got to be MMS passing on consolidated parcels to the big boys at a prearranged commission
ie
MMs mop up little deals for a few days which is then followed by a few big transfers which don`t impact the sp on the day they were passed on..looks like the MMs ensure that the spread at which they pass on the parcel is aligned with the prearranged price......

Nice spike there good to see this over 70 again.

yup..hopefully that move to 80 is now on the cards after a bit of consolidating time...

Yes it was starting to go very flat i think when it hits 80 pence i will sell out and move on,,as they say in the films,,,,,,,,,,,wagons roll only down hill!

my price target is slightly above 80. will see what news comes out. also this EGM is interesting...