Tracking these for a potential buy in near future - hit by war prospects - lack of MBO bid and general malaise of the air travel business

ains

is it worth buying TBI shares now!!!

Massive trade on TBI today. So will shares go up lots or go down?
I dont know anything about this company. Can any of u guys explain the current situation and whether to buy or sell. I dont hold any though.

thanks
Scot

PS: I do know Vinci wants to sell his stake (even at a loss compared to his 90p)

LONDON, July 21 (Reuters) - French construction and management firm Vinci sold its remaining 10.1 percent stake in British airports company TBI (566085) for more than 36 million pounds ($66.3 million), dealers said on Wednesday.

Brokerage Evolution Beeson Gregory sold 56.5 million TBI shares at 64 1/2 pence to institutions and others, dealers said, adding that some had been bought by investment firms Laxey Partners and J.O. Hambro.

Vinci no longer has a stake in TBI, dealers said. The French firm was not immediately available to comment. TBI was also unavailable for comment.

Shares in TBI -- the owner of Luton airport, north of London -- were up 4.7 percent at 66-1/4 pence by 1344 GMT on heavy trading volume of 122 million shares. Dealers said the shares were lifted after Vinci's remaining stake was sold, as the expectation of a sale had been hanging over the shares for some time.

"There's been a lot of speculation in recent weeks that Vinci would sell the rest, so now there's going to be quite a lot of interest in the stock," said one trader.

Vinci pulled out of a takeover bid for TBI in September 2001 after the attacks that month in the United States plunged the aviation industry worldwide into a recession

So whats to do here. Should I buy?

I think a t/o for TBI is coming now that Vinci has backed off.
What price ?? Well I expect it to be 1 and I think the owners will be keen to sell. I see that Jumbos are now flying from Cardiff International Airport to Orlando. Also from what I hear most of the seats get taken.

Interims Tuesday 16th

TBI confirms has received prelimnary approach which may lead to a bid for co
AFX


LONDON (AFX) - TBI PLC has confirmed it has received a preliminary approach which may lead to a bid for the company.

It said discussions are at a preliminary stage and that 'there are no assurances agreement can be reached'.

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