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.

Hi Cynic, thanks for your thoughts. Actually I am thinking of selling this one altogether and getting well out of the way while this court case continues.

If judgment goes against Cashbox, the SP could slump and create a bargain for a bidder, but would not do my profits any good. I think I'll use the cash from this to finance my pop at HaiKe if it goes ahead.

Dumped it! Made only about 7% profit by the time all was said and done, but rather that than a loss, and it ain't bad for two months!

Will watch and see how the court case turns out.

ST
you've done the right thing as the pending court case may well have the share price behaving very erratically.

Well done, at least, on a 7% profit over 2 months - still outperforming the vast majority of the overpaid City fund managers !!!!

Ian

ps - did you ever get into GSH ? The fun has only just begun ;o)

Thanks very much, Ian; good to have my thoughts confrimed! Thanks too for the mention of GSH - have seen the rise but not had time to look into it. However, am looking for new prospects, so will try and give it the once-over

PS - Ian, have you looked into HAIK, due for IPO tomorrow? Could be quite a performer.

Oh dear.........


Cashbox PLC
13 February 2007


Cashbox plc ('Cashbox' or the 'Company')

Director Shareholding

The Board of Cashbox was notified yesterday of the following transactions by
Carl Thomas in the ordinary shares of the Company:

Date Aggregate number Aggregate number Average price
of shares bought of shares sold dealt at
03/01/07 34,662 55,000 25p
04/01/07 5,000 70,000 24p
05/01/07 25,000 50,000 23p
08/01/07 42,972 104,349 23p
09/01/07 2,957 60,475 23.5p
10/01/07 0 7,000 24p
11/01/07 0 40,000 25p
12/01/07 0 90,575 24p
15/01/07 0 104,836 23p
16/01/07 41,071 78,583 23p
19/01/07 41,232 22,887 20.5p
23/01/07 0 72,111 18p
24/01/07 0 64,486 20p
25/01/07 0 68,234 22p
26/01/07 110,000 143,795 21p
29/01/07 0 94,752 20p
01/02/07 0 71,256 24p
05/02/07 0 38,750 33p
06/02/07 0 156,892 31.5p
08/02/07 0 127,492 27p

Following these transactions Carl Thomas now holds 4,241,421 ordinary shares in
Cashbox plc, which represents 6.91% of the issued share capital.

The Board of Cashbox is investigating the circumstances surrounding these trades and in the meantime Carl Thomas has been suspended from his duties as a director of Cashbox plc.

Carl Thomas

CBOX looks like a dodgy company now with litigations and questionable dealings by the CEO Carl Thomas with his embarrassing suspension.

Keep away from CBOX and SELL!!!

Glad I acted upon the feeling in my water and sold this p.m.

did it before the worst of today's drop too!

Well done ST, glad you got out safely !

Don't touch this one with a bargepole at the moment.

Ian

unless short! ...... take off the stacked heels!!

Thanks everyone for your tips and feedback !

Cynic, I never take off my stacked heels :o)

BTW, HaiKe (HAIK) looking adventurous this morning having already bounced over 50% above issue price. PDYOR.

SP going from bad to worse at the moment. You never know, may turn out to be a
good recovery play! (Did I say that yesterday, too?)


CBOX Bid: 19p Offer: 19.5p Change: -2.25

Somebody offloaded 335,000 at 10p this morning!

CBOX may go to below 10p then

not sure; it climbed back up pretty smartly after the big trade went through yesterday.

A lot will depend on the outcome of that court case; after those dodgy share trades and suspension of the CEO, that scenario doesn't look at all promising!!

Todays Sunday Times :

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article1433832.ece

February 25, 2007

Cashbox and a strange case of business suicide

Ben Laurance reports on a web of deceit that has left the worlds leading cash machine supplier in turmoil......................................

Some price action here at the close. Any ideas?

Bad news again...

The company reported a pretax loss for the period to Dec 31, 2006 of 1.63 mln stg compared with a loss of 927,000 stg on steep administrative expenses which rose to 2.15 mln stg from 1.27 mln stg in the year-ago period.