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

Thanks ainsoph. As you say, we will just have to watch and wait.

Oriel Securities appointed as joint corporate broker

Been close to buying a few several times in the last week but still holding off hoping for a dip .... moving up a little today despite talk of war and now a strike


ains



Sacked airport workers in angry protest

By Maurice Neill, Business Correspondent


SACKED airport workers yesterday turned their anger on trade union boss Bill Morris during a sit-in protest at the offices of the Amalgamated Transport and General Workers' Union.

A total of 23 security staff at Belfast International Airport were dismissed last year by International Consultants on Targeted Security.

The workers, who earned 5.20 an hour, were on strike over pay but ICTS claimed the industrial action was illegal.

They included shop stewards Gordon McNeill and Madan Gupta who claim the AT&GWU assured them strike action was legal.

Yesterday they were joined by colleague Chris Bowyer at a sit-in protest in the foyer of the union's Belfast headquarters.

They called for a meeting with the union's general secretary, Bill Morris, and a full inquiry into the handling of the matter.

"The union promised to take legal action on our behalf but we have now been told it is a weak case," said Mr McNeill.

"We do not wish to do so but we may be forced to take legal action against the union unless someone takes responsibility.

"People cannot find new jobs because their previous employer states they have been dismissed."

The protest ended at 5pm after a meeting with senior officials.

The AT&GWU is one of Britain's largest unions. It also has 36,644 members in Northern Ireland and 20,000 in the Republic. It is the second controversy for the union in less than a week. Senior officials in Northern Ireland and the Republic are to be reinstated after dismissal in a row over pay bargaining policy.

ICTS, which is based in Israel, operates at more than 30 sites across Europe and North America. Belfast International Airport is owned by British based-airports operator TBI.

Ticking up again @ 43/45p on heavy volume - highest for nearly a month but at resistance and looking overbought on st indicators



ains

ainsoph
Not being a TA person I am not fully au fait with tech speak. However, on a 21 day RSI @ 26 it looks oversold rather than overbought, explain please.

I don't see it as either particularly oversold or overbought, but a close above 42 could mean it's fillyaflipflops time.

Hilary
Thanks, it closed at 44.5p mid, will that do it? What are you using as an indicator re. overbought/oversold. I look at the chart on Investtech.com. Rough and ready I know but my investing doesn't run to big money like yours.

Socs,

I've sent you a private message. It should explain all.

Thanks Hilary, I'm obliged to you.

MBO speculation again ..... cannot see it myself

I can't believe there are no TBI holders on MAM apart from me. With a potential bid situation developing, there maybe more mileage in this one yet.

Expect 90p atleast news reports says

Long break from last posting. TBI seems quite an interesting stock to me.
Would be gratefull for any updated views from past posters.
Thanks in ant.
optomistic

ttt
5.4 million shares traded this AM, firm price after unoutstanding results. Anyone any thoughts on TBI?

9.1 million now!!

Dvu

TBIs shares slumped after the last set of poor results to be followed by a sharp rise in turnover - somebody leaked that HOCHTIEF and their advisors were provisionally assessing TBI.

Yesterdays 10 mil turnover is 5X the norm - cant be down to TBIs normal business prospect under the current management! (brokers would have more success selling ice to Eskimos)

3 mil traded am today something afoot me thinks

DYOR

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