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They are not buying as they use this company just to provide for their lifestyle....this is a main reason not to invest. Going back to my earlier comment about the license....investors need to realize that BOX have no license from the FCA rather they are an agent of CFS ZIPP who do have a license. You also have to ask why they do not get their own license like Transfer Wise who also offer IBANS have..... Turning to the forecast sales revenue....I hope this is borne out. But history says rather a new business initiative will be announced in the RNS to redirect attention! But lets see.
As stated the share price is on its knees,but is it a time to buy,you would have thought so,however it is obvious the people at the top dont think so.No Directors dealings whatsoever,considering the" healthy sale pipeline with a number of significant transactions in progress which are expected to close in the coming few weeks which will yield revenues well in excess of the entire business H1 revenues."At these prices and if things are expected to be that good,one would think the Directors would be filling their boots.This is not happening,I have to ask myself WHY.We need more updates on a regular basis as to whats happening with this company,will we get told when these so called transactions have been completed,now taking bets on it.Cmon Box step upto the mark.
The proof of the pudding here will be when the statement from 31st Oct RNS is proven to all shareholders... "Boxhill's payments division has a very healthy sale pipeline with a number of significant transactions in progress which are expected to close in the coming few weeks which will yield revenues well in excess of the entire business H1 revenues." 1st half revenues were �559,000, so well in excess of that could be over a million? Will they RNS these completed transactions? I hope so. They are 3 1/2 months into H2, so another 2 1/2 months to year end 31st Jan 2018 with even more revenue that could put BOX back on track. The unmet expectations of the past are already factored into the share price and the share price dropped as many lost faith after reading this... "The half year to 31 July 2017 has seen significant balance sheet improvements despite a reduction in revenue (�559,000 H117 versus �1,125,000 in the six months to 31 July 2016) delivering an operating loss for the six months to 31 July 2017 of �358,000. This compares to an operating profit of �288,000 for the six months ended to 31 July 2016. The operating loss is somewhat offset by the revaluation of equity investment in Timegrand which takes Total Comprehensive Income for H1 2017 to �141,000. (�288,000 in H1 2016)." It is a time to buy, the share price is on its knees and a recovery is now due IMO. https://postimg.org/image/4nbaodqn9n/
They will earn credibility as when they start making profits. Dont be fooled by the trolls muddying the waters. Clarity i agree and when i dont see clarity i ask questions and i always get the answers. Lets see what happens on the next update which i suspect wont be long coming.
Reading between lines I see Box only as a complete mess and not worthy of any further investment. The whole business seems to lack credibility and clarity IMO. The AGM update to me seemed upbeat but ended the day being a bit of a smoke screen as the recent figures showed. Have reluctantly decided to take a little more 0.07 to salvage something. GLA if you are staying on
And a whole lot of worldwide money to transfer. I doubt box could do it all. Surprised only 20. I wonder how many cell phone providers there are and how many make money amidst the huge amount of competition. Huge population, huge amounts of cash, huge demand. Anyway busy day now so i leave you to troll alone. I suspect we wont see you as and when we are notified of the large transactions that are reported as processing in the rns, or maybe they lied to nomad allenby and falsified the documents to kpmg. Happy trolling.
Correct, thanks for taking that straight lift of the website. Your not such a bad troll after all. Emex Technologies Ltd. is Registered in England and Wales. Company number 09261233. Emex Technologies Ltd. is an authorised licencee acting on behalf of CFS-Zipp Limited authorised and regulated by the Financial Conduct Authority as an Authorised Electronic Money Institution. Registration No: 900618.
Boxhill is fully regulated by the Financial Conduct Authority, like large banks and financial institutions, verifies its users to protect against fraud. Also backed by Visa. http://www.emexgo.com/tablet/index.html http://www.emexpay.com http://www.theweatherlottery.com http://www.boxhillplc.com
Grey i asked box a couple of weeks ago if they knew who seller was, its definitely no one inside or any emex holders. Hoping they are done and this can rise if we get some good news on the HVTS,
Your only a low/medium grade troll so happy to discuss once. I remain realistic rather than optimistic. Im well under water at this price.. I agree they have not yet delivered on current promises... I doubt they ywill rake up stuff from 18 months ago if not already covered However 3 years ago the sp was stuck around 0.10 and box made promises that they would deliver,They went on shortly afterwards to deliver profits and the sp rose 350% to .45p. Since then they have hit a number of hurdles. The HY results were poor but even a troll cansee they are explained by the slow down due to the change in Visa regs. So now we have box making promises on high value transactions currently being processed and due soon that will considerably exceed the whole of H1 revenue. Can they deliver again now all recent hurdles are removed? Time will tell if they can and to what level. Troll 2 and 3 will be along shortly but ill wait for next update on the large transactions due and hopefully get some money out of this. Atb
Troll 1 reporting in sir, You must ask yourself of all the promises made and the numerous statements of customer growth, expansion and acquisitions to improve and enhance services which ones every came to fruition because I can't think of one. I am still waiting for Boxhill to explain how its accounts were leaked over 18 months ago as they said they were investigating that one but not one sentence explaining the events ... Regarding the NOMAD and KPMG as I have stated before ultimately its the directors of the company who provide evidence or 'opinion' as the likelihood of debts being paid and sign a letter to that affect so responsibility lies with the directors not the NOMAD or KPMG. Now �3m owed on a market capitalisation of half that value ... that combined with a history or broken promises, share dilution without added value and yet more 'big transactions' just around the corner you really have to take stock and look at the big picture and it is not a pretty one. I admire your optimism but the only people making money here are some nicely placed company directors having a Friday afternoon G&T and laughing their heads off.
Only hope it�s not Lord R/ AF, otherwise the floor appears to be cleaned ready for real progress,GLA
Well i have emailed some questions to Boxhill concerning Phillite Uk d and the recievables. As a shareholder here i was myself concerned by the lack of transparency.. I have recieved a reply that is reassuring and i am happy with it. Essentially all the figures have been seen and approved by the nomad and also the auditor (allenby and KPMG) as we know auditor is one of the largest and most respected in the UK. The increase in money held by PDUK to cover bank deposits and risks on the HVTS. There are other details but thats the main issue. I asked other questions concerning the 9 figure high value transactions and why they are yet to complete, they were unable to comment as sensitive info however i suspect an rns will be forthcoming when complete, i also suspect this maybe quite soon. Just need this seller out and some good news. Make your own mind up and do your own due diligence. Im gone leave the trolls to play now.
This years results could show the �2.9ml as being received, offset in the accounts by the �1.4ml fees to Phillite . With the remaining (�224k ?) supposedly paid by Phillite,and this years �1.2ml increase as being received .Effectively correcting the accounts. If this should happen,and with the revenues from the large transactions, and Mcap at �1.5ml This could at last be the payday we have all been waiting for. (�Believe Brothers and Sisters �)not long to wait!!!! GLA
I have to agree in part with Richard, the recievables owed rising form �1.7m to almost �3m is a complete mystery and open to any interpretation as there has been no clear explanation as to how and where that money has come from. There may well be a very plausible explanation but lack of transparancy here leaves everyone scratching their heads. The mcap is now hoovering on �1.5m - there has been one large seller for weeks and it is largely that selling that has driven the sp down to an all time low. Box are reporting that they have a very healthy pipeline of large transactions being processed and due to complete - so i guess we wait and see what they bring. If they are as substantial as suggested it will surely make this a multi bagger at this price. - not for me i hasten to add, im stuck in at a much higher average. As for draft a member of the bod - dont make me laught. Look him up on here and check his investments and posting history. "Boxhill's payments division has a very healthy sale pipeline with a number of significant transactions in progress which are expected to close in the coming few weeks which will yield revenues well in excess of the entire business H1 revenues." - back to sleep here until we here about these and leave this page to the trolls.
R76 Reading your post and previous posters i understand where you stand on this company. I am invested and do top up to try and average down. This company has promised so much and delivered , so far , very little. It's becoming a share that you hope delivers something in the future. GLA
FYI https://www.*************.com/views/32452/boxhill-technologies-more-shocking-results-aim-regulation-and-allenby-should-be-asking-serious-questions ...he missed the biggest red flag of all in my view, namely the �3 million owed by the former CEO, Phil Jackson. I trust Boxhill�s Nomad, Allenby, has asked all the necessary questions! Despite the poor performance of the payments business, Boxhill has decided to increase the valuation of its recent Timegrand acquisition. Really? It completed the deal in April this year; it has clearly delivered bugger all to-date and so it increases its value?...I look forward to the valuation downgrade back to where it started when the auditors take a look at this at the end of year in the final results. The biggest issue for me here concerns the massive related party shenanigans with Phil Jackson�s wholly-owned company Phillite D Limited. The related party note states that although no fees were generated via services to clients through Phillite, the amount owing by Phillite to Boxhill increased by a staggering �1.2 million to stand at �2.955 million! What on earth is going on here? I thought that the point of the Emex deal was to allow Boxhill to do its own payment deals and that Phil Jackson�s company wasn�t needed anymore so why has that debt increased so much, particularly as no fees were generated, and when is it going to be repaid? Presumably it is linked in some way to the increased creditor balance on the balance sheet which now stands at �3.7 million but surely there should be more explanation in the notes considering that these balances are way in excess of Boxhill�s current market value, do not appear to be connected to the performance in the period and that a related-party is involved. Have the NEDs Clive Hyman and Arno Rudolf got themselves comfortable with this or have they just banked their fees and looked away? Has Allenby asked any questions on the topic? It is worth making the point that although Phil Jackson is no longer the CEO in name, it is highly likely that he continues to pull the strings from outside the boardroom as there are no other suitable candidates, so is CEO in all but name. Surely this deserves a greater investigation by someone; come on AIM Regulation, earn your money and take a look at this. I smiled when noting that this is the first results announcement since Phil Jackson stepped off the board in May 2016 that Lord Razzall hasn�t kept up the fa�ade of stating that Boxhill is continuing to look for a new CEO. Presumably after 18 months of searching, it is clear that no-one wants to ruin their career and reputation by taking on this dog and why bother anyway with Phil �I�m sure I�ve got �3 million round here somewhere� Jackson running the show in any event.
I also have my suspicions about several of the posters here, I've watched them post endless positive comments and claim to be constantly topping up, certain it's going to moon, over the course of years, while all the time BOD promises are broken/forgotten, share price decreases, dodgy acquisitions are done, all kinds of shenanigans. It's a horror. On the subject of the the receivables due from the ex-CEO, I believe they are now at 3 million? How did that happen? It stinks to high heaven.
1 trade today only - a 6 million sell and selling while at an all time low in the share price. LOL, somebody really either despises this company or they haven�t understood the positives which have been outlined in the two recent announcements. The market cap. here is only �2 million, nobody can say that the company is overvalued :o/
I think some of the posters, draft, being one were/are cronies of the management of BOX. Or maybe Phil Jackson himself lol.
Well remember me ... my doubts ref soccerdome centre ie no bar too much competition from schools who can qualify for f a grants and the projected losses i said would happen , a guy who was prolific on this board ...draft could not wait to riddicule me ..well i note large losses from astro kings on the last result and the shares are worse than when i last posted, This is a rotten company with a history of small rises, ambitious forecasts from select posters and still at the end of the day its failing.
And I guess this phantom investment will become capitalized in the company's balance sheet now and the receivable/debtor written off. Very amusing indeed. LOL
Well thats one way to write off a debt owed by the company. What an absolute joke this company is. Firstly no money has been made by HVTS although this was announced in July! And the development has resulted in expenses that will now be met by the receivable. Great so a cost over run! Im really surprised that BOX has the gumption to even thinking about such a transaction. And it confirms the comments I made earlier about this Receivable. This is just laughable now. Zero Credibility in my eyes.
Update on New Service & Litigation "The Company announced on 28 July 2017 that it was launching a new high value transfer service facilitating transactions in excess of �10,000,000 for corporate and individual customers ("HVTS") by its wholly-owned subsidiary, Emex Technologies Limited ("Emex"), a regulated payment processing business, utilising the emexGo payment platform ("emexGo"). While HVTS has not generated any revenue to date, it is a service that the board of directors of Boxhill (the "Board") anticipate will produce significant revenues in the future and provide for a substantial increase in the monies passing through emexGo, a key focus of the Group. Emex receives ad valorem fees on all monies through emexGo (the "Processing Fees"). " "As announced on 31 October 2017, the historic legal matters surrounding the Company's relationship with its former regulated payment processor, EU Pay Group Limited ("EUPay") has been settled without any adverse cost implications. PDU has independently of the Company taken responsibility for the amounts owed by EUPay to the Group (the "Arrangement"). As a result of the settlement, PDU is now in a position to pursue the collection of these amounts without any hindrance from the now settled litigation. This will facilitate the repayment of the amounts outstanding to the Group (circa �224,000) under the Arrangement."
PSSW I feel your pain i have been here in the bad old days of someone releasing news on the sunday night b4 the rns was due to be released on the monday. Suspension and as you say false promises, but our one hope is this facility to move large amounts of cash from bank to bank and the swing on the china project will propel our sp over our targets or get out stakes. GL