The Travel/Holiday industry as had mixed fortunes over the last few years. Gone are the days when family and freinds just enter a travel agents and pick a holiday from out of a brochure.

More disposable income and the availabilty of relatively cheap credit as meant people looking for holidays further afield and also holidays of a differing nature like hobby holidays and active participation holidays. People also tend to book there holidays online now and seek out direct contact with the airlines and hotels/ appartments, insurance etc, and cut out the middleman ie, the travel agent. Its cheaper and its also more flexible for the people booking the holiday.

This is where Travelzest comes to the fore and the company is building an empire to take on the needs of the varying requirements and demands of the enlightened customer.

The company have just reported very good results for the year end to October..

Travelzest plc
Preliminary results for the year to 31 October 2006


Travelzest plc, the British online travel group offering specialist travel
programmes, is pleased to announce its preliminary results for the year ended 31
October 2006.


Financial highlights

Total transaction value increased 261% to 44.1 million (2005: 12.2 million)

Turnover increased 70% to 19.2 million (2005: 11.3 million)

Profit before tax and goodwill amortisation increased 1,066% to 863, 000
(2005: 74,000)

Profit before tax increased 597% to 404,000 (2005: 58,000)

Normalised diluted earnings per share (adding back goodwill amortisation)
increased 290% to 4.25 pence (2005: 1.09 pence)

Gross profit percentage increased to 37.8% from 26% in 2005

And the chairman had this to say about the changing face of the holiday industry..

The travel market has changed significantly in the last five years providing
exciting new opportunities for growth.


The catalyst for this change is the internet.


Travellers are increasingly happy to buy flights and accommodation directly from
suppliers via the internet, especially where they are familiar with the
destination. As travellers become more adventurous, stimulated by the internet,
they are seeking more specialist and niche holiday experiences. These
experiences might be, for example, travelling further afield or engaging in a
particular interest or hobby whilst on holiday or demanding a higher level of
service support.


These specialist markets have traditionally been serviced by smaller,
independent travel companies. To be successful in these markets, the companies
need a genuine and deep understanding of the holiday experiences they sell and
be able to promote themselves effectively via the internet.


These smaller companies are often under-capitalised and unable to take advantage
of the burgeoning opportunities in their market place. In addition, smaller
independents often lack the ambition and financial resources to grow beyond a
certain size and profitability. They may also lack access to an effective online
distribution channel. As a result, they cannot gain the efficiencies of scale
which being a large business or a member of a bigger organisation can provide.


Travelzest has a simple strategy to capitalise on the changes taking place in
the travel market.


We aim to build a group of companies offering specialist travel and holiday
experiences where the internet provides an efficient means of communicating and
transacting with customers. By providing management expertise, financial
investment, cross-selling opportunities and group buying discounts, we will
enable these businesses to be more successful and profitable than if they were
independent.


We believe in a small head office which determines strategy, provides resource,
sets objectives but leaves local management motivated to run their businesses.


We also believe in balancing our portfolio by having businesses which make
profit at different times of the year. This avoids the problem which faces so
many travel businesses of having all their profits and cash flow dependent upon
just a few months' performance.

The company have been very busy putting this new empire together...

Operational highlights


Acquisition of iTravel2000.com in October 2006, Canada's largest pure online
travel retailer, providing counter-seasonal revenues to the predominantly
summer based revenues of Travelzest's businesses in Europe

Acquisition of three specialist UK travel companies: Best of Morocco
(November 2005), Peng Travel (May 2006) and Fair's Fare (June 2006). All have
made a positive contribution to the Group's results for the year

Launched Faraway Holidays, a long haul tour operator, as a start-up
in August 2006

Strong organic profit growth achieved in the Group's founding business,
VFB Holidays

Colin McKinlay, formerly Chief Financial Officer for Thomas Cook UK
& Ireland, appointed as Group Finance Director in April 2006


Post period end events

Tapestry Travel Limited acquired in December 2006 and relaunched as
The Tapestry Collection, specialising in programmes to Turkey and Crete

Wow House Limited acquired in December 2006, offering an exclusive
portfolio of large, prestigious houses to rent for short breaks in the UK

Holiday.co.uk and flight.co.uk websites to be relaunched imminently
with enhanced content and functionality

Mark Molyneux, a former Managing Partner of Ernst & Young in the UK,
succeeded Mike Bruce-Mitford as Chairman in December 2006

Nishma Robb, Group Distribution Director, joined the Board in December 2006,
highlighting the importance of the Group's online distribution strategy


FUNDIES

First of all the company reported cash of just under 11 million in the balance sheet at the end of the reporting period.

Broker forecasts are for EPS of 9p a P/E of 16.2 and a PEG of 0.1 to the 31st of Oct 2007, with EPS of 11.7p and a P/E of 12.4 and a PEG of 0.4 to the end of Oct 2008.

Price to Book Ratio 3.2

I expect Broker estimates to be upgraded in the very near future.

The Outlook Statement

Outlook


Our ambition for the year to 31 October 2006 was to acquire and start businesses
that had the potential to grow quickly under our ownership and complemented our
strategy. I am pleased that we have done this successfully.


In the coming year, we will focus on developing each of the businesses in the
Travelzest Group. We will also consider further acquisitions which broaden the
range of holidays offered to our customers. We look forward to the coming year
with confidence.

TA



DYOR.

regards GF.

hope you guys got in
gla

Glad I got in @54. Board rejected a bid of 6p a few month ago so hopefully if they get the finances in order this will look like a bargin.

well done unlucky - should be some more north today - lots of directors holding at 19p + and as you say a 6p bid rejected just a few months ago :-0

atb

director share holdings:

MJ Molyneux Ordinary 2p 15,559,682 10.72%
A Gardner Ordinary 2p 10,751,285 7.41%
J C Fraser Ordinary 2p 7,033,890 4.85%
M J Tully Ordinary 2p 5,432,000 3.74%
Richard Griffiths Ordinary 2p 5,245,000 3.61%

many purchased at 19p, 30p + tvz should not go cheaply imo

direct quote from a respected poster....

'12 months to October 2012

Total sales 225m Pounds
Revenue 24m Pounds
Gross profit 19.8m Pounds
Operating profit 3.5m Pounds
Underlying Profit 8.9m Pounds
305k loss from continuing operations
Loss from discontinued operations
loss for the year 1.6m pounds (down from 2.9m the year before)

20,000 sales calls per week and growing!

I said this is worth 10million plus based on 130million sales and 3million profit. Will have to revise that on 225million sales, 25million revenue and 6million profits. 18million mcap a fair value? 12.5p per share

Lets see what happens'

interesting day / week ahead :-0

kerrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggg

gla

take over approach from 2011 but gives indication of value................

http://www.thetimes.co.uk/tto/business/industries/leisure/article2991546.ece
http://www.thetimes.co.uk/tto/business/industries/leisure/article2990988.ece


& from 2012

http://www.stockmarketwire.com/article/4360305/Travelzest-initiates-sale-process.html


1 May 2012 | 11:45am StockMarketWire.com - Travelzest, the online travel group, has received a preliminary expression of interest from Jonathan Carroll, its Chief Executive Officer, and Adrian Cobbold, Chief Financial Officer, to acquire the company. As a result the independent directors, Nigel Jenkins, Mark Molyneux and Richard Hall have decided they will conduct a formal sale process in order to explore this and any further potential expressions of interest. While the independent directors believe that the company has a future as an independent business, it recognises that there may be other individuals and businesses which are better placed to build on its strong Canadian trading businesses. They have therefore commenced a formal sale process in order to seek to unlock and crystallise shareholder value, through which the company might also be able to offer more opportunities for its employees and other stakeholders. Potential offerors for the entire issued and to be issued share capital of the company are invited to contact HW Corporate Finance who have been engaged to manage the formal sale process. The company has given details of the formal sale process. Any interested party who approaches HW Corporate Finance will be required to enter into a non-disclosure agreement before being permitted to participate in the process. Travelzest intends to release a summary financial overview shortly to all participants who have entered into such non-disclosure agreements with the company. It is intended that any participant who is taken forward to the next phase of the formal sale process will be given access to a data room and management presentations. At 11:45am: [LON:TVZ] share price was +0.63p at 5.13p - See more at: http://www.stockmarketwire.com/article/4360305/Travelzest-initiates-sale-process.html#sthash.uLKFjmCp.dpuf

Hi Gibby, shit or bust tomorrow hope it's good news.

lol unluckjy - looking good another short extension very close now imo

did you notice that red leaf vacations GROUP one of the rumoured bidders who also bid for tvz in the recent past and the name on the email address at the bottom of the rns redleafpr.com

could be interesting start here today!

gl

1.13 currently - good buy sp should make for a good intraday profit later today :-0

moving :-0

good time to buy again now 1.13 - should turn another easy intraday profit quickly :-0
when people stop playing with phrm shortly
gla

http://www.openjaw.com/stories/story.php?id=3601/aldenham-canada-buying-itravel2000