Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dilution likened tothe throwing of confetti!!! The encouraging point to bear in mind is with expected revenues being already in excess of a �1m for this year why take shares at a premium when cash is available!!! Even PJ is being paid with 140ml shares for services rendered,when another of his companies still owes BOX �2.5ml questions for the AGM!! This is all building up to(dare I say it )� BOOM�GLA
I dont know anyone who is happy with the dilution, im certainly not. Whether these so called jigsaw pieces to build the business have any effect remains to be seen. No great effect so far, if any. Ive been patient here but its running thin now.
SP predicted dilution over a year ago. A truly balanced, unbiased view would acknowledge that, rather than attempting to dismiss it: "May 2013: Acquisition of Poseve for 237 million shares. September 2013: Acquisition of Pay Corporation for 325 million shares (both deals covered HERE). Subsequently jettisoned following a significant VAT liability issue. January 2016: Acquisition of Emexpay for 400 million shares (see HERE). April 2017: Acquisition of Timegrand for 500 million shares. Doesn�t that look odd to you? Each time, Boxhill issues shares equating to around 20-25% of the enlarged group and, more pertinently, none of these deals to-date seemed to have done anything to actually help grow the bottom line. I imagine the next deal will be in about 18 months� time for around 650 million shares."
As stated thats an piece is over a year old and printed on a website that had it in for boxhill, for a good while, they actually printed a number of similar pieces. They didnt get anywhere, i formed the opinion they were influenced by an old adversary of Boxhil who had their ear for a while. I think/hope things are changing here but we have to wait and see but if you are influenced by ************* then its hardly a balanced view.
As stated thats an piece is over a year old and printed on a website that had it in for boxhill, for a good while, they actually printed a number of similar pieces. They didnt get anywhere, i formed the opinion they were influenced by an old adversary of Boxhil who had their ear for a while. I think/hope things are changing here but we have to wait and see but if you are influenced by ************* then its hardly a balanced view.
Nice to see a bit of activity and maybe another run higher
That article (from share prophets) is over a year old. True that box haven't been living up to the promise and the previous acquisitions to leave question marks. But the recent developments in the past few months suggest some changes are afoot. There's a new person being bought in to head up a new division, and will only be getting shares if he brings in profits, which is very different to the other acquisitions where large numbers of shares were issued for something unknown. The recent payments in shares to directors also marks a change. About 40% of the company is now held by directors and major shareholders. There's now a substantial benefit for the board to deliver on the strategy. Not holding out massive hope for this turning around, but worth keeping an eye on.
https://www.*************.com/views/28366/boxhill-technologies-another-dodgy-looking-deal-when-will-allenby-resign have a read- if you haven't realsied by now what boxhill is i think you need to lay of the kool aid. go over previous announcements ,you will soon realize
Jamesdean - interesting post. Reported for what exactly - paying themselves in shares instead of cash? Good luck with that..... And reported by whom? You? Please elaborate on your report. Box auditors are one of the most stringent and thorough out there, KPMG one of the big 4 etc etc . They also have 2 barristers in law as directors so even if the FCA were ever interested in an AIm tiddler i very much doubt they would find any anomalies.
ask yourself what the 410k was actually for ? and what has been gained from it ? didddly squat all the companies are associated to the directors just another way of rinisng the company dry. this gravy train is about to end - the nomad has been reported to the FCA as have the directors
and with time to reflect. Those who got the shares took them instead of cold hard cash. AND at a premium to the current value (meaning in real terms they have currently received less than was owed if I read it correctly). Simple business logic suggests that these recipients have weighed up the pro's and con's and decided that they stand a good chance of getting their money back - and no doubt assume a profit too. SO I'm happy to stick with it! Time of course will tell.
Indeed it is a lot, 410,000,000 shares issued to pay off just �410,000 invoice debt works out to be 17% dilution at 0.1p / share. 60,000,000 options also exercisable at 0.1p have also been added. No trades at all so far today after that RNS....tumbleweed rolls by... "The New Ordinary Shares were issued on 23 April 2018. An application will be made to admit the New Ordinary Shares to trading on AIM with effect from 30 April 2018. Following the issue of the New Ordinary Shares, the Company has a total of 2,765,829,770 Ordinary Shares in issue." https://www.investegate.co.uk/boxhill-tech-plc--box-/rns/issue-of-shares-and-options/201804240700058517L/
Than the issued share at present. More cash in the bank. Large Director holdings. Well could be worth a punt
Not great news, that’s a lot of extra shares being issued. But on the positive side, the directors hold about 30% of the company after those shares are admitted. The other major shareholder, Empire global, with 500m shares could have sold some from this month, and they haven’t. With empire included, that’s over 40% of the shares where if any were sold it would have to be declared.
I find this encouraging as shares being priced at 25% premium to market price although I do think they should have been issued after the publication of results that are due shortly and approved at AGM.
Just shows how quickly this moves with a bit of buying
Up 8%
Difficult one, this is the kind of stock where an RNS could land one day showing decent profits finally being made, and the market cap is so low it won’t be surprising if those profits exceed the mcap with the sector box has moved into. But equally likely it’s just going to bumble along doing nothing or go out of business. I’m holding in the bottom draw for now and will see what happens, with fingers crossed!
Everything looks poised for a breakout to me but cant decide whether to top up big time or hide my shirt in case I lose it.
Presentations : Cyprus - Expo International May 22nd Cyprus - Gaming show May29 Amsterdam - Money20/20 June 4th Malta- Champagne shower July 7th
See we have dropped back again following the last rise. Maybe time to take a few more.
Good summary there. Hopefully this is finally the start of something good here. Very lacklustre market response, but the mcap can't get much lower than it already is, and huge potential if the money starts coming in. I wonder if we'll get some more updates soon. End of year results due by end of July, which could be pretty poor, �600k from philite after year end and HTVS hadn't generated any revenue during the year as of the November update. Hopefully some progress will have been made by July to offset any bad news! I remain sceptical about this 9 figure transaction though, can't see why it should be taking so long how it can still be live, surely the person/business wanting to transfer that sum would have lost patience after a couple of days and gone elsewhere. Emexgo's website says same day money transfers.
MH onboard with target of �1ml in Revenue in10 months and �2.5 in each of the subsequent 4 years ,�600k + from Philite,�120k monthly revenue from HVTS,completion of 9 figure transaction (�500k at .05%) = Jackpot /boom .definately worth the Punt .GLA
With bringing Mark Harris on board and opening an office in Dubai,things are beginning to look a bit more upbeat.Will MH become the new CEO,his credentials seem to fit the part,watch this space i suppose.
Linkedin Summary A revenue growth specialist, no matter where you are on your growth cycle Experienced Director with a demonstrated history of working in the Financial technology and services industry. Skilled in Currency, Electronic Payments, Payment Systems, Banking, and Sales. Sounds just what Box need!