soul traders
- 15 Dec 2006 13:25
Cashbox supplies ATMs to places like petrol stations and pubs, nightclubs, etc. It has recently been pointed out by Shares Mag as looking likely to break even in 2007.
EDIT: Currently the company is the subject of a potential takeover approach. No terms have yet been disclosed, but this indicates the company's attractiveness in a sector which has seen a fair degree of takeover activity already.
Cashbox's business model involves placing most of the machines with retailers and providing technical support but having the site owners take care of keeping the machines filled with cash, thus reducing the costs to Cashbox.
The machines are watched closely by Cashbox to ensure that they are both profitable and operational as near to 100% of the time as possible.
CBOX has had a number of good contract wins recently (see RNS releases) and currently has an estate potential of 29,000 sites amongst its customers.
EDIT: There are 61.4 million shaes in issue, of which 55% is in the hands of directors and another 3.32% by a "major shareholder". So the free float is about 25.1 million shares.
PDYOR, etc.
soul traders
- 22 Dec 2006 08:37
- 12 of 73
Cashbox PLC - AGM Statement
RNS Number:5157O
Cashbox PLC
22 December 2006
Cashbox PLC
('Cashbox' or 'the Company')
AGM Statement
At the Company's AGM to be held later today, Anthony Sharp, Chairman, will make
the following statement to shareholders:
'I am pleased to announce that your company has made good progress since we
announced the year end results. Further agreements have been signed with Novus
Leisure and Booker and, through our many partnership agreements, Cashbox now has
over 29,000 sites in the pipeline where we can assess the viability of
installing an ATM machine, many of those on an exclusive basis.
'Our key performance indicators continue to be extremely impressive with 98.4%
of the machines in our estate being open for business and 96.7% trading at above
breakeven. This is further vindication of Cashbox's placement model, the
rigorous assessments that take place before any machine is installed and the
outstanding levels of customer service that our team provides 24 hours a day, 7
days a week, 365 days a year.
'I am also pleased to announce the appointment of Andy Wilmott, our technical
director, to the Board of Directors in recognition of the contribution Andy has
made to the Company. Also, in view of the ongoing growth of the Company an
operating board has been created and is represented by directors from each area
of the business.
'The sales team is divided into two parts with our Field Sales Director Neil
Hawley managing a team of people who are signing individual contracts on a daily
basis. Dom West, the Corporate Sales Director, is managing the corporate
and commercial team who are signing businesses, such as the recent Novus Leisure
and Booker contracts.
'Charles Hallett is leaving the company with immediate effect to pursue other
interests. I would like to thank him for his contribution to the company and
wish him well for the future.
'Lillian Agola, our Marketing Director, is focusing on the marketing strategy
and the development of the Cashbox brand. Daniel Gibbons, the Service Director,
manages the installation and service team across the UK. Katie Hayes, Customer
Services Director, manages our customer services department which includes our
24 hour helpdesk. Yvonne Hoggart, as Sales Support Director, controls with her
team all aspects needed to process the orders coming into the business.
'I look forward to providing further updates in 2007, which I believe will prove
to be a landmark year for your Company.'
In keeping with the options granted to Robin Saunders at the time of Admission
to AIM, the Company granted warrants of 500,000 ordinary shares on 12 December
2006, to both Stephen Brown and John Maples at an exercise price of 20p, being
the closing price on 11 December 2006.
Andrew Duncan Wilmott is 31 years of age and has held no previous directorships.
---ENDS---
cynic
- 09 Jan 2007 15:26
- 17 of 73
have added a new chart as below ...... can't make a great deal from it, though sp holds nicely above 25 dma and rpi is now fairly neutral after being overbought.
red = 25 dma
green = 50 dma
cynic
- 09 Jan 2007 15:38
- 19 of 73
can't see a reason to buy though ...... if rpi falls to about 45, may look again
by the way, have just taken my (very nice) profit on SOLA for a second time ...... not saying it isn't good medium or even long term, but feel some profit taking is well overdue, and 500 looks as though it may have been a step too far ...... am sure i shall be back in