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

By my reckoning

Just over 70m ave shares have changed hands in parcels of 200,000 or greater since 4 Jan
This excludes deals which although split up across the day
....still added up exactly to nice round nos of 100,000, 150,000, 200,000 etc
and were transacted by the same Broker
...which possibly accounted for up to a further 5m since 4 Jan
There is little evidence of major shorting going on since 4 Jan so one could reasonably assume that the majority of these shares remain with their new owner
at the minute
Allowing 4.7m for Fidelity taking their holding up to 43m (ie 7.11%) and the Templeton & D`Ieteren holdings of 4.95% and 59.6% respectively........
This suggests around 65m shares or 11% of the entire Co is now in the hands of new owners or is held in trust by a few Brokers ready to sell on at an agreed point in time

This only leaves around 100m shares (17% of the Co) in the "free" market
...Suggesting that
even if the new owners of these big parcels decide only to "hold" for the immediate few weeksAnd
.......Since the "free" market in ave shares was around 165m (28% of the Co) at 4 Jan 05
And ...since the average "buy" deal size persistently exceeds the "sell" size
hinting at concentration of shareholders

........ the current hoovering up process will push the price up further

buyers about today....can see these creeping up over the next week or two.

buyers back...momentum? lets keep an eye on this one...

anyone else watching?

Still a hold for me prop ,looking good.

indeed. may buy more...what do you think..RAC warming the sector up in combo with the other positives? i feel like speculating this afternoon!

just a small announcement...

Avis Europe PLC
11 March 2005


11 March 2005

Avis Europe plc ('the Company')

The Board of Directors of Avis Europe plc received notification on 10 March
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 30,884,121 ordinary
shares in the Company representing 5.2722% of its issued ordinary share capital.

Enquiries:

Judith Nicholson
Company Secretary
Tel: 01344 426644

Thats more like it prop,i feel there more to this holding than meets the eye,or am i just dreaming,,,,,,surely not.

just good all round performance last week...another week like that and there is something cooking...100p is so attainably and may be the exit level for the parent...who knows but may add this week

up small on low volume but still higher...

nice sized trades today...

Its getting there prop,afternoon.

Go on grab the keys,i did.

afternoon sir, about bloody time these broke out!

someone has said something somewhere...good volume and quantity of trades.

Well i have been waiting a long time for some action,looks strong now me thinks.

me too. i missed the early spike (out for a couple of hours) but all looks promising!!!!

looks like some flippers being shaken out and then onwards to 70+. that would be the ideal price action!

inching higher after a few small dellers this morning....

and higher...

69.5 being paid!