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|finally listed today, 29thguessed the epic wrong... new thread http://www.advfn.com/cmn/pbb/thread.php3?id=11398575|
|The Times March 11, 2006
Rumour of the day
Scott Tod, the independent cash machine operator, which in January fought off a boardroom coup by the founding Tod family, eased ½p to 13½p after an 18 per cent jump in its shares on Tuesday. Followers pinned that rise on murmurs of an approach at the 18p level. Cashbox, a rival that is floating on AIM this month through Seymour Pierce, is said to have expressed interest before pursuing its own plans to list.|
|placing looks to be in the bag, and closed now.... be nice if they open at a decent premium... could catch punters imagination... i mean once they have rolled out all these machines, who knows what future technology you can stick in them ??|
|listing on the 15th, raising 4 mil
|Cashbox to float on AIM
Cashbox, an independent ATM provider and operator, has revealed its intention to seek the listing of its shares on the alternative investments market (AIM)of the London Stock Exchange, starting in March 2006.
Cashbox installs and operates an estate of ATMs, typically on five to seven year contracts, at sites throughout the UK where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.
At the end of 2005, the company owned and operated 845 ATMs in the UK of which 89% are located in corporate estates, with the remainder in commercial estates and independent retailers.
According to Finextra, Cashbox hopes to raise around GBP3.5 million from its listing, which will help to support a further expansion of 583 ATM installations in the near future.
Commenting on the development, Carl Thomas, CEO of Cashbox, said: "The funds raised will enable us to roll out a number of pending ATMs and expand our estate. Gaining critical mass in this market is crucial and we believe we will achieve this once we have 1,900 ATMs installed around the UK and we expect to achieve this by the end of 2006."|
|Cashbox To List On London's Alternative Investment Market
02-27-06 04:19 AM EST
Edited Press Release
LONDON -(Dow Jones)- Cashbox plc, an ATM deployer and operator, said Monday its intends to seek admission of its shares to trading on the Alternative Investment Market of the London Stock Exchange.
Dealings are expected to commence on AIM in March 2006 and Seymour Pierce Limited is acting as both Nominated Adviser and Broker to Cashbox.
The Company began trading in September 2003 and was established by brothers Carl and Matt Thomas.
Cashbox installs and operates an estate of ATMs, typically on five to seven year contracts, at sites throughout the U.K. where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.
Cashbox has planned a further 583 ATM installations, and believes there is potential to install a further 5,510 ATMs.
As at Dec. 31, 2005, a total of 95 transacting Placement Model ATMs were installed.
The U.K. is the third largest ATM market in Western Europe, representing over 16% of installations in the region, and the eighth largest ATM market in the world.
On the decision to float on AIM, Chief Executive of Cashbox Carl Thomas said: "The funds raised will enable us to roll out a number of pending ATMs and expand our estate. Gaining critical mass in this market is crucial and we believe we will achieve this once we have 1,900 ATMs installed around the U.K. and we expect to achieve this by the end of 2006.
"Our business model is highly cash generative and our lease hire of the ATMs ensures that the depreciation is taken off the balance sheet and further reduces the level of transactions to make a machine profitable. There continues to be a significant demand for convenient cash, as well as for ATMs which drive turnover for a site, and as such, industry forecasts are predicting continued growth."|
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