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.

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.

I don't hold this share, and won't but on a quick look at the map there is a pronounced head and shoulders suggesting another 8p drop.

You'd definitely want to play a wait-and-see game before considering getting involved with this one. Too many uncertainties surrounding financing, litigation, etc, which is a pity as the underlying business is a good one.

and probably not possible to short anyway

Mkt cap is 12 mil, so might be a bit difficult.

thinking of buying some as sp is so low.....anyone still in ? any views good or bad?