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Ismalia, Operating profit before exceptional items £970,000 Exceptional Items: Loss for the period on disposal of subsidiary (£430,000) Loss on disposal of Leasehold Land and Buildings (£342,000) Taxation charge (£205,000) Loss for the period (£1,000) £978k Total of one off payments. Slightly more than what I previously posted.
Good afternoon everyone, and for the first time in close to 6 months I can say welcome new investors who have taken a position today. Firstly I'd like to say I have not and have no intention on selling any of my holding. Brilliant news that the company has made £970k profit in the 18 months to January 2016. It is unfortunate that it has been wiped out by the Paycorp tax issue. However it is a one off payment and now it is dealt with and will not be a problem going forward. I have to admit I did not see costs of dealing with the outstanding tax issue costing nearly a total of £1M however it has and we can now move on from it. Looking forward I'm still extremely confident in BOX, what it has to offer and in the board of the company, as Ian says we will approximately be making £600-700k per year and that is not taking into account the growth rate of the company. I believe the reaction in the share price today is a combination of PI selling to release needed cash which was to be anticipated when a company suspends unexpectedly and a short term vision held by others. I believe the drop is a fantastic top up or initial investment opportunity with what we are now looking at in the future. Unfortunately I have no funds available for topping up however I will be in the near future allowing that the share price stays this low. I'll finish up by highlighting the key aspects for BOX. Profits of £970k for the 18 months to January 2016. PayCorp tax issue coming to an approximate cost of £956k. (One off payment and now dealt with) A profit making company making approximately £600-700k a year. (Not taking into account potential growth) All profits going forward are to be banked and will be reflected in the M-Cap. I still believe 1p by the end of the calendar year is achievable assuming rate of growth continues. Best of luck to everyone old and new still invested here and goodbye and take care to those who had to sell today.
Jyee, I believe 7am on the 31st of May would be the best outcome. After the bank holiday ahead of a fresh trading week.
Seems to have cut off the bottom bit of my post. "Clive Hyman joins the Board as a Non-Executive Director and brings with him over 30 years of experience as a financial professional, working with companies involved in many sectors and industries." Appointment of a new board member brings with it great strides towards a very promising and rewarding future for BOX. Very excited for the 18 months accounts RNS. I wait with great anticipation!
I'm very delighted in the company update issued today and I'm sure I am not alone. I would just like to highlight a few things from the RNS to show how well the company has operated throughout the suspension. "The board of directors of Boxhill (the "Board") has made considerable progress since the announcement of 10 February 2016 (the "Announcement") on both the restructuring described in the Announcement and the integration of the newly acquired Emex (UK) Group Limited, and the associated company, FreePayMaster Limited (collectively, "Emex")." Very reassuring that the company has not only continued to operate but has made "considerable progress" with EMEX and FreePayMaster. "During the period of suspension of trading in the Company's shares, growth in the business has continued. The payments division has continued to win new customers across all areas of e-commerce." Very encouraging that the company has continued to grow and attract more new customers further expanding the business. "As part of this expansion, the Company has established a new 100% owned Maltese subsidiary, Boxhill Technologies (Malta) Limited ("BTM"), to focus on the expanding Maltese payments and gaming sectors." A 100% owned company based in Malta to furthermore expand the business overseas and put the company on a wider global stage. "The Board is pleased to announce that having received confirmation of the appropriate licences, FreePayMaster Limited is today launching its new set of services" Acceleration in growth in FreePayMaster thanks to granted licences see's new services launched further propelling the companies progression. "The Board can to confirm that the FCA has agreed with this position, and the "Unauthorised" status of PayCorp has been removed from the FCA Register." The grey cloud looming over PayCorp by the FCA has now been removed with the FCA now agreeing with PayCorp's position. "The Board anticipates that it will publish the Report and Accounts before the end of May, and at that point will seek a return from the suspension of trading of its shares on the AIM Market." The sentence we where all looking for. BOX expecting to be publishing its 18 months accounts by the end of May. Which I predict being the tail end of next week. I'm very excited about those numbers to say the least! "Phil Jackson will step down from the Board with effect from 20 May 2016 to concentrate on the development of the business, including the integration of the former PayCorp business into Emex, and the establishment and growth of FreePayMaster and BTM in Malta and other locations." Phil Jackson stepping down to concentrate on business growth is another promising step towards expansion and development within the company. "Clive Hyman joins the Board as a Non-Executive Director and brings with him over
I emailed the Board of Box yesterday evening and received a prompt reply from Phil Jackson this morning. Below is his reply to my email. Dear Scott, Apologies for the slow reply. We will be making updates in due course and we appreciate it may be frustrating for PI's in the meantime, we are working hard this end to complete the final queries for the auditors and when that is done we shall release the results for the eighteen months to Jan 31. I can't comment any further on this and we will probably not make any announcement before releasing results, unless a material reason under AIM rules means that we have to. Kind regards, Phil. Phil Jackson Chief Executive Boxhill Technologies PLC I am very encouraged by this and I think we can all look forward to an exciting trading update showing the last 18 months to January 31st. Not long now.
Veldt, I assume we'll see this reflected in the share price tomorrow. Probably an initial spike.
After hours or 7AM tomorrow morning. IMO.
It's been 2 months since anything official was released by the company. I know the board of BOX do occasionally read these forums, and with that in mind I have a short post addressed to them. Something official released by yourselves. Even if it's just an update on the companies current progress with the suspension regarding the auditors, or if you are still continuing to attract one new customer per week or something regarding the acquisition of EMEX. A lot of people remain confident here, and I'm one of them. However when the company you are invested in has been suspended for over 3 months now and there has been no official news from the company for the last 2 months, people invested can become edgy once more. Those numbers expected to be delivered in the audited results are incredible. I am full of promise this company has a strong future which will be very profitable for the company as well as us patient shareholders. I appreciate you taking the time to read this post. I look forward to the potential update and re-listing of BOX.
Evening all, My apologies for not posting here for so long, as some of you know I have been away all week and got back only a couple of hours ago. I would like to start off by expressing my gratitude to the PI individuals who attended the meeting on Wednesday and have been able to shed a great deal of light on the current situation with Boxhill via the twitter chat. I will not disclose any particular knowledge of that meeting as I will follow the lead set by SmudgeDan and others. However the outcome in my opinion is one of great promise and excitement for the company heading forward, also one I am more than satisfied to be invested in. I know the suspension is still in force and patience can only last so long, but with this extremely valuable update from the board I'm sure nerves amongst us have been settled. Now is a time to look forward at the facts and figures we know have been confirmed. Something I have said more than once in previous posts yet still find it exciting to think about. I take great comfort in reading those numbers from the unaudited results RNS and it reassures me to remain patient throughout the suspension. I maintain that I believe 1p here by the end of the year is highly achievable, even more so now after Wednesday's meeting. Now I would like to address Tripleavi. The poster who for weeks was constantly de ramping this share without cause and did nothing but irritate people who actually are invested here, including me. After a previous post I directed at you on the 9th February stating your intentions here you simply disappeared. I'm sure the unaudited results RNS release the day after that was also embarrassing for you having in previous posts stated that Boxhill will de list and that we have all lost our money. I also previously mentioned for anyone reading your posts to check your posting history. it speaks volumes for the "investor" you apparently are. There are people here who have invested a lot more money than I or yourself have, and for you to be throwing around comments like that with any substantiated evidence to back up your claims is highly disrespectful and potentially unnerving for these people to read. Now to top it all off just over 24 hours after your last pointless de ramping post (Wednesday at 12:30 GMT) you want to be added to the Twitter chat group and that you're sorry. I'll put it simply. No. As for this thread, unless you have anything informative to post then stay quiet. You'll save yourself future embarrassment.
Flurry of buys at 4.5p and spread tightening...
Following on from earlier post, 800k Market cap for a company with 1M in the bank and 500k in refunded investments. Worth the punt.
Still amazed at how low the Mcap is and shares in issue. Bought in here today in anticipation for the AGM.
Kezzman, I certainly do believe trading will commence here in the near future, if i had to give a rough estimate of timescale i would say within the next 2 months. I'm still very comfortable here with my investment and will just let the suspension run it's course. We made £633k profit year up to July 2015. Combine that with borrowing dramatically reduced shows that this business is growing, also do not forget how little the market cap is. How high will the share price go? Within the next year i would like to see 1p, depends if the rate of growth continues. It should be a lot more than 0.31p anyway. Bottom line is that i'm very happy and relaxed here, when a company is suspended rumours always circulate. Patience pays in the world of stocks and shares.
First time i've been able to post on here today.. Very happy with the company update, i was never uncomfortable here however i know a fair few where starting to crack, it's nice the board have addressed this. Very thorough RNS outlining everything currently going on with the company and also explaining that the EMEX deal is cemented in place. I was also very happy to read that borrowing had been dramatically reduced. The unaudited release of results was also very encouraging and its rewarding for all share holders here to know that the £633k profit previously leaked over a month ago was entirely accurate. Overall very happy here and cannot wait to add more. ATB everyone holding here.
Triple, Just been looking at your post history. Seems you have a history of impatience and chasing rainbows.. FTE,SBLM,MTV You're either still invested in FTE considering you posted you had 23M on the 17th of December or you sold at a loss just before suspension which i don't think you have, that would be a reason in you becoming such a disgruntled investor, also because you are now in atleast 2 suspended companies! Anyway regarding BOX... Within 1 day of suspension here you was starting to panic. I'd ask anyone here to read your posts on the BOX forum since 11th January, its rather pathetic, you never post anything factual just progressively negative as your patience becomes more thin lol. Within 2 days of the suspension you had already started losing your rag. At first you was asking questions as to why BOX was suspended and when it would be re-listed. Now it's just de ramping posts that have no relevance to anything, with no posts between this explaining your fading confidence. Be honest you have no idea what you're talking about do you? You're just panicing because you're in a suspended share. Just be happy i do actually believe you have a holding here.
FTE*
You should do that to recover some of those FTW losses...
Do you honestly think anyone invested here takes the rubbish you post seriously? Just carry on de ramping buddy, nobody cares. Post something factual or post nothing.
Ian, from past experiences when posters turn up on a forum posting non substansive negativity about a company it means good news and an even better rise in price is around the corner. Fuels the excitement!