eventually

I have been watching tvl for some time and they have continually promised and subsequently failed to deliver.

I think the jury is out at the moment on tvl.

The Board seems to be doing the right things turning the Company around.

They have talked, talked, talked over the years yet failed to deliver a single profit in their history.

I think the current objective of the board is for a takeover.

If they could just make a profit suitors would come out and be prepared to pay some serious upside on the current price.

The number one suitor was lastminute in the UK but I think they are doing it a little bit tough at the moment and are struggling after too many takeovers in Europe.

tvl has also had a major shift from using the lastminute platform which they talked about earlier in the year and even having a staff member from London based in the Aussie office.

They have switched to the Arnold platform which makes the UK lastminute t/o less remote.

I think the board knows what it is doing and is taking the Company in the right direction and shareholders will eventually be rewarded. The board with Droga and Arnold have much to gain.

The downside is limited now as they have cash in the bank and should be cash flow positive from now.

The upside will be there .... eventually ...