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

Bit of a shock this as i was out all day yesterday,stop losses came good just,but this is unbelievable for avis.

Can somebody confirm that I have understood this correctly

For every 7 shares currently owned you get the "right" to buy 4 shares at 35p each
And

These rights can be traded during the period 5 July to 25 July after which the option lapses
and you get nothing if you don`t either sell the "right" or pay 35p per share for each "right"
Therefore
From today until 4 July
One "right" is notionally worth (sp-35)p
Four "rights" are notionally worth 4x(sp-35)p
Since Four rights are acquired for every 7 existing ordinary shares

And
7 shares are worth 7x(sp)
Then the "adjusted" or true value of a current share from today until 4 July when the nil paid shares start trading is

4x(sp-35)p + 7x(sp)
......................
7

where sp = the current sell price

If this interpretation is correct the Adj Value of an AVE share over the next few weeks wolud be as shown below
sp adj sp
0.60 0.74
0.60 0.74
0.60 0.73
0.59 0.73
0.59 0.73
0.59 0.72
0.59 0.72
0.58 0.71
0.58 0.71
0.58 0.71
0.58 0.70
0.57 0.70
0.57 0.69
0.57 0.69
0.57 0.69
0.56 0.68
0.56 0.68
0.56 0.67
0.56 0.67
0.55 0.67
0.55 0.66
0.55 0.66
0.55 0.66

simple calcualtion for rights:

4:7 shares:

shares last night closed at 63p
rights are at 35p

((4x35p)+(7x63p))/11 = 52.81p

that is the implied price ex-rights. The fact is that since they are not ex yet you work out the price the day befor the 5 july to see what they will be trading at. So in theory they have responded very well to this because i thought with such a deep issue they may have opened nearer 45p today.

The fact is that there has been support today but i am out because i have lost faith in management. yes they may turn it around and the market has recieved this well BUT a further deteriation of trading will see these close to rights price.

I wish you all well and may pop in from time to time.

good luck!

Double figure drop, what's happened here?
edit: must be the rights.

The sale of Hertz must be good news for Ave
At worst
D`Ieteren can now sell Ave back to Cendant who then sell on to Hertz`s new owners with or without adding Avis Inc and after securing a long term car hire contract for their leisure business
The new owners then make massive cost savings in infrastructure in the Ave countries and possibly in Avis Inc countries also
The Ave sp to keep existing big stakeholders happy must be around 110p pre rights

ie 82p

There seems to be a major difference in the profile on avis investors in recent weeks
ie
Allowing for take up of rights issue
A trade of 110000 pre rights would be similar value to 150000 post rights
And yet
The average trade size seems to has fallen dramatically when you might have expected the reverse
Does this mean that the recent bull run is being driven by brand new small investors ?
And that most of the people who participated in the rights issue are either sitting tight or selling in (for them) small quantities ...perhaps to recoup their outlay on the rights?

this has not been revisitd for a while, and the sp has eased a bit fro the heady heights mentioned here. I now have it at 46 mid.
Has anyone had a good look at this? It was very much sold during the last few weeks, however, it seem to be bouncing back (and money to be made? ... DYOR)
My question, level 2 seems to have no buyers, however the sp is creeping up all day! Is there a term for this kind of scenario? (apart from the obvious if no one wants to buy the it is cr**); is it worth a dip TA people?

I have watched this drift all the way from 90p in the last few months.

I bought in today .............. their results are out on Tuesday and they could get a filip, hopefully to the upside.

But to be honest, they could just as easily drift lower.

So for me, its just a short term punt, rather than a hold.

Cheers
Amar

p.s.
What are your views on Partygaming today ...... high volume ... but closed lower.

may try and get in early tuesday then (of-course I have an entry poit in mind)

PRTY .. ? volumes were half thursday's too many PI's early on, which made for a gd start but (seemed to be) lots of profit taking (from thursday??) did not help, and neither did the early in DOW "FUTURES". Never-the-less, Fridays's 23m volumes are not usual (STILL) coupled with Thursday's 43m .. so I still think there is something to it - DYOR

wake up everyone you are missing something here!!

Not a lot its bound to fall next week to 5p.

Glad to be wrong 10p.. !

Avis ave

Just look at the repeat pattern on the lower indicator RSI and how everytime it hits the 60 support line it bounces back of the support with a lovely move up in the SP.

Rather uncanny how many times this as happened since the middle of may.

The sp in the intermediate time is hugging a upward trend line started in early may.

Looks good for further rises from here to break support at 43p 51p and then 75p:

gf
i hope you are right. bought at 23 took profit at 37 and bought back in yesterday on down day and added today. thats it. sitting tight now. for the time being,
regards
jkd

Added a few bob on avis ave looks like theirs a buying charge going on at the moment.

stopped out today.
regards
jkd

We had a largely bullish interim management statement from AVE in November http://www.investegate.co.uk/Article.aspx?id=200911170700095975C and of late we have seen some very good results from travel companys which seem to have been very resiliant during the down turn, so it comes as a bit of a suprise that the stocks SP has underperformed in the last few months.

Could that be about to change????



Seems to me we have hit a bottom at 25p which is proving to be very resiliant support. Are we about to break out??.

TIME TO TRAVEL BY CAR.

Seems to me the business model of Avis is in jeopardy and the company could go under soon... 18.75p now.