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Tipped by Naked Trader today
It was. I didn’t buy in as I’ll wait and let it settle.
Just been told it was tipped in the mail yesterday.
Anyone know why it’s up 10% this morning?
Wishing the company good luck on AIM. I may take a slice in the morning...
http://moneyam.uk-wire.com/cgi-bin/articles/201011161303352749W.html Hope all got out
Check out the investor relations page on the website www.cashboxatm.co.uk. Notice of General meeting on the 9th Nov 2010, posted on 15th Oct. Deep down after the positive spin on the Threshers loss makes very interesting reading. Looks to me like they are getting ready for a cash call. Looks like holdings will be diluted in the near future as "the Company has recently deferred interest payments on its subordinated loans in order that the Company retains sufficient working capital while further investment is made in ATMs (including the old Threshers ATMs) to fuel the growth of the business and improve cashflow." I was looking at this as a recovery but too big a gamble with a cash call looming
in@.95 as I said. Lets see where this goes. I think the company has stabalised now and sp is under valued.
A sea of red ???? suprised this has,nt stabalised after 14 th results. Will buy in @ < 1.
After last weeks post did some more research I feel optomistic about this as we head towards xmas. Have spotted some of the machines about in pubs.( Free to use ) Once you get them in the country pubs and remote areas where you really have to travel to find a cash point they will become the normal convienient way to obtain cash.
see the capital compared to last year. (CBOX fundamentals) Thats the cash m/cs recovered from the Thresher colapse now being reinstalled in several pub chains. reported now breaking even. I reckon this has bottomed out will turn round now. A modest investment could be called for me thinks.
Ploughing nose-first into the ground :( I wouldn't recommend to anyone to 'have a punt' - more like "withdraw all your cash while you still have some remaining!"
http://www.growthcompany.co.uk/news/1203218/cashbox-cries-freedom.thtml Just stumbled accross this - think I may well have a punt
LONDON (Dow Jones)--Cash machine company Cashbox PLC (CBOX.LN) Wednesday reported a narrower fiscal first-half loss and said it is confident of meeting full-year market expectations despite the loss of a key client. Cashbox said it will redeploy 300 machines installed at liquor store chain Threshers, which went into administration in November last year. Once redeployed the machines should generate higher income than they did at Threshers, the company said. Cashbox reported a net loss of GBP1.2 million for the six months to Dec. 31, 2009, compared with a loss of GBP1.45 million a year earlier. Revenue advanced 12.8% to GBP3.37 million. Cashbox said it broke even at the earnings before interest, tax, depreciation and amortization level during its fiscal first quarter and is confident it can continue to do so. It didn't provide precise market expectations. Company Web site: www.cashboxplc.co.uk -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com (END) Dow Jones Newswires March 03, 2010 02:45 ET (07:45 GMT)
HIGHLIGHTS · Installed machines reach 2,528, after uplifting over 300 First Quench (Thresher) ATMs · Transaction volumes increased by 38% over H1 08/09 and 5% over H2 08/09, despite the loss of First Quench ATMs driven by Thresher administration · Ownership of over 300 Thresher ATMs transfers to Cashbox · Gross profits increased in line with gross margin improvements · EBITDA loss reduced by 78% on comparable period in 2008 · New funding of £800,000 convertible loan notes raised in period · £5.7m bank facility restructured, reducing and deferring capital repayments Ciaran Morton, Chairman and Chief Executive, of Cashbox commented: "I am very pleased to be able to report such a strong improvement at the EBITDA level, despite the loss of a client to administration, which negatively impacted our growth for two months of the reported period. Transaction levels have improved significantly as we vigorously churn machines to higher footfall sites and we continue to build on our impressive list of clients. Our Free to Use model is proving very compelling and we view the future with confidence."
http://www.investegate.co.uk/Article.aspx?id=201003030700089650H
Hee, had an idea, going to sent them letter...why not increase the height of the top-secret module to 2 metres, so it can be used as hotelroom for people that cant get home, or 4 metres, so its penthouse? Could be big..
Most brilliant remark this year by the way from their CEO: "man, these stickers...this is big, gives us opportunity to raise awareness among Chinese when in the UK", so: no. of chinese in UK times no. of CBOX ATMs, times probablity that they go looking for one because of positive brand value, wow, if this is their strategy to increase transactions...cooool
Sorry, am I missing something here: CBOX has figured that no money can be made with paid for ATMs, so now in its wisdom, it will move to stickers and wifi deals on its real estate, plus lengthen the return on its hardware by moving to a free, indirect model. Next step must be the skyscraper strategy, wait and see, they will design a module that can be slotted on top of the ATM (1 meter high), where they sell hangover cures and condoms. Ya see, now that their credit facility is maxed out, so they cant acquire more (the only way to grow apparently), this has become a utility, and should trade at its debt value. Or am I not getting it?
I also think the olympics will have a great input on revenue aslong as they can get sum placed around the areas.
Voted support services company of the year in July of this year, http://www.cashboxplc.co.uk/content/news_links_events/news_archive/300709.asp
Cashbox has agreed a two year deal to advertise China Unionpay, the Chinese Card Scheme with over 1.8 billion card holders, on its ATM machines. The contract comes following China Unionpay's connection to the LINK network in the UK, enabling its customers to access cash from LINK enabled machines. Cashbox will place Chinese (Mandarin) language stickers on its nationwide estate of ATMs, alerting China Unionpay cardholders to the fact that their cards will be accepted for use in those machines. Cashbox chief executive Ciaran Morton said: "As well as providing an additional non-transaction based revenue stream, this is an exciting opportunity to promote the use of Cashbox ATMs to Chinese business visitors, tourists and students."
Purchased sum cashbox shares today, had a quick glance through everything and looks like the new cew morton is turning things around. GL craig
by Cashbox in the first quarter of this current year will stipulate the partial deployment of FTU ATMs and the management expects this trend to continue. The partnership with BT Openzone, their only ATM initiative, enables Cashbox to offer its partners the chance to provide Broadband access at their sites, increasing the pull of the site as a destination, as well as potentially increasing customer time spent onsite. A number of cashbox clients are currently in discussions to trial this offering, which is part of a strategic drive to leverage the geographic presence of the ATMs. The Company will continue with its strategy of containing costs whilst seeking to churn existing sites to maximise ATM return. Due to the rapid fulfillment of the high site volume contracts won at the end of last financial year, the company has delivered breakeven EBITDA in the first quarter of the 2009/2010 financial year. With the number of other ATM and WiFi contracts under discussion, including trials currently running within two national high street brands, the Directors are confident that the significant improvements in financial performance will continue during the current year.
capital funding to purchase new ATMs would be utilised in 2009. This churning of sites has also had the effect of increasing average transactions per site, and reduced the reactive workload of the in-house Support Services team and Field Engineers; enabling them to focus upon ensuring the provision of outstanding service to the Company's most lucrative partners. The challenging economic conditions have increased the demand from customers to roll out FTU ATMs, as part of their own value offering to their customers. Having a stock of ATMs with which to conduct trials enabled the Company to fully test this new sector. Every FTU trial to date has successfully evolved into a full rollout of the FTU offering. Over 7% of the Company's installed ATM base is now operating on a free to use basis. A FTU ATM is free to use for the ATM customer. However, Cashbox collects a small charge per transaction, a Bank Interchange fee, from the ATM user's bank, and not the actual ATM user. Thus so long as transaction volumes are sufficiently high FTU machines are equally profitable to Cashbox as surcharging ATMs. FTU ATMs tend to enjoy higher transaction volumes, as there is no disincentive in the form of the surcharge to use the ATM. This also benefits the merchants who have FTU machines on their premises, as they cycle through far greater volumes of withdrawn cash, money that would normally attract a "cash-handling fee" when deposited at a bank. Many of the contracts announc