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Blimey thats a big premium buy
This is what it´s all about now...
https://boxhillplc.com/our-businesses/market-access/
https://accessthemarkets.com/
0.76p.paid..we.could.bounce.again
8 mil buy at full ask of 0.06 switched it,
Ive still got cash tied up in here, not worth selling at this level. Will hold and see what happens. Despite all the ****e i still think they can make decent profits here. Id written it off anyway so will see what happens.
It may have gone Blue,but with a 50% spread,typical AIM shenanigans.
gone.blue.11%.up
Consolidation or not they are not getting another penny out of me.
This company has done nothing but take. Full of empty promises.
Not worth taking the few quid my shares are worth now thanks to this lot.
All the best to you
I think the financials are also a great read. Showing 2 Million in cash, whilst payables are pushed right up and current assets have the EMEX Loan note. This company on the a Current Asset to Current liabilities not liquid. I think there is a bigger play on here, this is just a shell now. The business is bullshit....bit like Phil Jackson or whatever the ex CEO was called.
I'm surprised to see this back, I'd been expecting to see it delisted.
Some of it appears positive news and as there has always been. However, I have taken the opportunity to exit at a loss, and consider it lucky that I got something back rather than it being a total loss. There's a couple of things that really concern me.
1st, the new (long awaited) CEO is just an internal appointment, presumably because it became necessary with Lord Razzall Dazzall stepping down as chairman, and they weren't able to attract a new external candidate after a couple of years of searching.
2nd, the £2m payment for the Emex group of companies will never materialise imo. Currently Emex Technologies is in administration, Emex (UK) has no evidence of any activity in their accounts, and Emexconsult is about to be struck off at Companies House. I would imagine that in the next audited accounts, the £2m figure will be reduced to 0.
3rd, the proposed consolidation is only because the SP has dropped below the nominal value of the shares, and a consolidation is therefore necessary in order to carry out more placings to raise funds.
All in my opinion of course, and best of luck to anyone staying or joining, Box has been an interesting company with some good potential if they get it right. It may come good, I just can't see it happening.
Yep, don’t put everything in,, just enough for a decent trade. I’ve heard of Market Access and I think it’s going to be big...
Have you seen spread it’s some 40% crazy!
Bought in... cash shell prices! Should see significant returns from these levels ... DYOR
What was the name of the director who held the purse strings which caused the suspension,not Paton was it .
Thanks in advance. GLA
All now rests on the success of "Market Access" (see Going Concern in Full Year Report)
"The launch of Market Access is a critical element of the future of the Group's Payment Processing business. The Directors have prepared cash flow projections for the period to 31 October 2020, which indicate that the Group will generate significant revenue, profit and cash inflows within a short period of time. In particular, the projections demonstrate that the Group will be able to address current cash flow shortfalls, and that it will be able to meet its liabilities as they fall due for the foreseeable future.
The Directors are therefore confident that, following the disposal of the Emex businesses and the launch of Market Access, the Group will be able to generate sufficient resources from its trading to meet the Group's future cash flow requirements and settle its liabilities as they fall due. Therefore, the Directors are of the opinion that the Group has adequate resources to continue in operation for the foreseeable future and they consider it appropriate to adopt the going concern basis in preparing the financial statements.
However, given that the Market Access business has only recently been launched and there is therefore limited track record of revenue, profit and cash flow generation, the substantial achievement of the Group's cash flow forecasts represents a material uncertainty that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern. The Group and the Parent Company may, therefore, be unable to continue realising their assets and discharging their liabilities in the normal course of business, but the financial statements do not include any adjustments that would result if the going concern basis of preparation is inappropriate."
We return again from the ashes. But are we going to make money this time?
to reduce the nominal price (shafting ahead) and share consolidation
Proposed share consolidation of 1 share for 1000
"The Board considers that having nearly three billion shares issued has created a negative perception of the Company and also exposes shareholders to undue volatility. Accordingly, the Restructuring is proposed with a view to improving the liquidity and perception of the New Ordinary Shares."
Back from suspension...again!
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/update--return-from-suspension---board-changes/201901300700024618O/
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/final-results/201901300700024582O/
https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/half-year-report/201901300700024603O/
Shameful another year nearly past and no updates from the previous one. What was supposed to be resolved initially within a few weeks (according to the BOD )now 9months later and still no information!!!! Disgraceful carry on.So many unanswered questions regarding possible trading progress To many to list. I thought part of the Nomad contribution was to look after stakeholders interest is that happening NO. Maybe time to question AIM’s ruling body nobody else seems to want to provide answers !!!!!!
Come on - give us an update!!!
Is this ever going to come back on
Lottery contract with potential for 2million customers paying at least £1 a wk/month what percentage contribution to revenues? Could this one contract not exceed previous years total revenues without including other card / fx payments business ,when being fully subscribed too. Will see what reaction share price gets. If and When ever relisting occurs!!! GLA
Compulsory strike off discontinued as they showed just cause, more hopeful of a return now ive seen that.
Term “cash cow” comes to mind for the selected few!!!!!
🤭. “Abysmal “
I am down thousands in this company as the SP is so low now compared to when i purchased them.
My fault i know but you would have thought they would have done something by now to improve sentiment and SP.