Consol. Vend. Share Discussion Threads

[menag] 01/2/2007 17:15

My advice is STAY AWAY. I was offered this by SVS Securities a while back and the broker said that this would be a fantastic short term position and that HE was buying positions. He also failed to inform me of the lack of liquidity and NMS

I'm considering approaching the FSA about this matter. Perhaps someone can help me with this?

But I'm SO glad that I didn't buy the stock as I would now be down 40%

[trendie] 26/1/2007 13:08

Anyone got a fresh view on this one ?

[alansmith23] 24/12/2006 10:00

Recently floated on AIM, CVD's offer price was 3p compared to a current market mid-price of 3.88. Market Cap is 7.97m at this share price

Snap Digital Imaging, Europe's second largest photo booth player behind Photo-me, is owned by the holding company Consolidated Vending. It also owns Bfresh, an operator of 500 machines which stock miniature toiletries, located usually in healthclubs and supermarkets. Bfresh itself has a 65% holding in Powerpod Holdings plc, which supplies public, coin-operated chargers for mobile phones?!?

Snap made a profit of £300,000 last year on sales of £7.8m, will see its chief executive, Andew Coll, head Consolidated Vending. The holding company, which is backed by 3i and Arc Fund Management, hopes to lead a consolidation of the vending industry. According to Consolidated's plan, every additional operator it buys will boost its earnings from day one as duplicate costs are removed.

CVD is also trialling other vending machine concepts, which include B Snappy (disposable cameras) and Quick Vote (which provides a retail electronic marketing tool) Also CVD claims it's identified a number of suitable acquisition opportuniteis to underpin it's growth.

Ok, that's the blurb, not sure what to make of this one, as usual with AIM floats it's hard to discern what the effects of the corporate structure will be, ie the company that sold B Fresh to CVD, accepted shares in CVD as payment and have declared they intend to sell them into the market. Also directors will have a sizeable stash and may look to cash in at a premium to the float price of 3p.

Otherwise it looks like a solid company with a very workable plan to consolidate the very fragmented vending industry and will quite likely become a takeover target itself in time. In the interim it has reliable revenue streams and is already a functional profitable company.

I haven't got any (yet) but will take a look, all depends on the spread and whether I want to take a little flyer on this for 2007.

Anyway, will add it to the advfn billboard. ( where I have a feeling it may well sink into obscurity)