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Moneybox Share Discussion Threads
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|wHAT A SAD FLOP?|
|if talks were off they would have to announce immediately - been 2 months since enteres which suggests bidders going through the books to finalise the level they want to pay...ATM will want to wait for all bidders to do due dilligence and get all offers in before accepting the winner. These things can take several months. If it takes 3 months to go through the process of buying a house, why should spending £70m take any quicker?!! Unless there is a major problem (recent trading suggests the opposite) then paitence will be rewarded, probably within the next few weeks....and withe the shares now at 36p, pushed down by people getting bored, the risk/reward looks better and better for more nibbling!|
|Sorry chaps - I sold out recently.
The only reason for keeping hold of the shares is the bid speculation/approach, but this has been dragging on for many months now and it's taking far, far too long.
I was starting to feel very uncomfortable about the outcome so I've decided to quit in case we see the share price half ...
Good luck to all the rest of you.
12 May 2005
AGM Trading Statement
In our preliminary results announcement on 17 March, we expressed our confidence
that UK ATM transaction volumes would start to show an improvement as the
unprecedented press criticism of charging ATMs died down and our engineering
work to upgrade our ATM estate to meet 'Chip and Pin' and revised encryption
standards was completed. I am pleased to report that this confidence is being
borne out with a good recovery in our daily transaction rate experienced in
April compared to those levels achieved over recent months.
We continue to focus our UK ATM efforts on securing new profitable sites,
actively managing our ATM estate to re-deploy under-performing sites and
reducing the overall cost of service provision. Our European businesses
continue to show good growth and progress. Exciting opportunities exist in our
cashless payments and access control business and our new product, Myriad, is
continuing to set a competitive standard in this developing and growing market.
The group profit before tax for the 4 months ended 30 April 2005 is in line with
We announced on 31 March that we had received preliminary approaches, which may
or may not lead to an offer for the issued and to be issued share capital of the
company. This situation remains unchanged and a further announcement will be
made when appropriate. Shareholders will be kept informed of any relevant
developments and in the meantime should await further advice from the Board.
The business is being run to create increasing sustainable shareholder value and
for this we appreciate and value the hard work, diligence and efforts of all of
our staff. Our focused efforts can only bode well for the future.|
|Anyone have any update on the so calle "Bid" talks as it has been around six weeks since any statement.
Doesn't look promising|
|Post removed by ADVFN|
|does anyone think that 46-47p really represents shareholder value?, to me it does not. at this price Cardpoint would get MB on the cheap imho. Surly Moneybox has a good future?|
|Maybe someone can explain to me - Moneybox In bid Talks?
price no real change - and in appears large selling orders
Thought it would be the otherway round?
ANyone have an update whats happening?|
|Looks like a bidding war is breaking out. cardpoint opening salvo seems to be pitched around 46p if press are to be believed. Comment over weekend maybe following todays rise, especially the late rise and the RNS's reporting possible positions being taken.|
|THE INDEPENDENT :
Cardpoint mulls Moneybox merger
By Julia Kollewe, Banking Correspondent
01 April 2005
The cash machine company Cardpoint has emerged as a possible suitor for its smaller rival Moneybox, which said yesterday that it had received a number of takeover approaches. Moneybox shares rose 2.75p to 37.75p, giving the group a market value of £75m.
It is thought that Cardpoint has approached Moneybox to defend itself against a potential takeover bid from US rival Cardtronics, which together with TRM dominates the American cash machine market. A big private-equity firm is thought to be interested in acquiring Cardpoint together with Moneybox.
Moneybox's announcement came 24 hours after a parliamentary committee lambasted the industry for raking in £140m a year from consumers who want to access their own cash.
TRM has built a stake of about 10 per cent in Moneybox and is believed to have been behind an abortive takeover approach last October, along with some of Moneybox's UK rivals.
An insider said it was likely that the main players in the industry would want to look at Moneybox, hoping to achieve "economies of scale" in an increasingly competitive market, though it could also attract financial buyers. Cardpoint, with about 2,800 machines, has by far the biggest share of the charging cash machine market, accounting for about a third of transactions. Moneybox is second with 17 per cent of the market; followed by Hanco, which has been acquired by Royal Bank of Scotland, with 13 per cent, TRM with 12 per cent and Bank Machine with 8 per cent.
The talks between Moneybox and potential bidders look to be a precursor to more consolidation in the industry.|
|92M equates to around 50p I would think - surrised it didn't move more today - GMG shot up 25% on similar takoever rumour, although it did drop bkac a bit later|
|£92m anyone know what hat equates to per share?|
|I find it highly unlikely that Cardpoint will make a cash bid. Do they have a spare £92m?|
|Daily mail today suggests cardpoint are lining up a 92m cash bid.Appears the mail were in the know.|
|Possible bid offer and punters are selling ???? What's that all about!|
|bid over 50p|
|Fill ya boots with this one, excellent company with excellent prospects. Pubs open 24/7 Banks (through the back door either geting rid or buying charging for withdrawls) eventuly we will have to acept having to pay for the convience, just alike abroad. IMHO consolidation in this sector will give in the medium term excellent returns. I see this like a small dot.com bubble but with the difference that this sector actualy makes and deals with cash.
As I said fill ya bootsand ggod luck all ya wise people who are already holders or considering.|
|I don't hold this (yet...) but holders may be interested that Equity Development have released a research note on the company.
The pdf can be downloaded free (register first) from www.equitydevelopment.com
Research is funded by the companies themselves, so decide for yourselves on its worth.
|shadowchaser, ATM is a buy not a sell ... check out the results ...
There's more to this company than a potential bidder.
Also, given the results just announced, I think we'd expect a bid far in excess of the current share price.
These are an excellent set of result.
Significantly better than even I expected.
TURNOVER UP 46% !!!!
TOTAL Profit UP £3.4
* Profit before tax, exceptional items and goodwill amortisation ahead
of revised market expectations at #2.1m (2003: loss of #1.3m)
* H2 profit before tax, exceptional items and goodwill amortisation
#1.8m compared to #0.3m in H1
* Exceptional items of #4.3m (2003: nil) incurred in 2004 on AIM
flotation, aborted acquisition and bid defence costs, reorganisation
and restructuring costs and loss on fixed asset impairments
* Results delivered against a difficult H2 trading background in the
independent ATM sector
* New management structure in place dedicated to delivering sustainable
* UK ATM estate increased by 18% from 2,471 in December 2003 to 2,912 in
December 2004 and in Europe the estate increased by 67% from 343 in
December 2003 to 573 in December 2004
* Major ATM contract won with Compass Group
* Free-standing ATM kiosk programme underway
* Acquisition of G2 has delivered the expected ATM maintenance cost
* Successful launch of G2's "Myriad" prepayment, ID and access control
platform in schools, universities and major financial institutions
highlights the excellent growth opportunities for the Group's cashless
payments and access control division
At 31 December 2004, the Group had a cash balance of #6.5m
"excellent progress has been made in laying the foundations to deliver strong further growth of the business".
Moneybox has a successful business that remains strongly positioned
strategically. We have a major share of the fast growing market for
independently deployed ATMs and are a leader in the development of complementary
access control and cashless payment systems. We are now also lean and hungry,
with the new management team focusing its full attention on the delivery of
There has also been recent press speculation over the potential sale of
Independent ATM Deployer ('IAD') businesses and there are undoubtedly further
economies of scale to be achieved through the consolidation of the UK IAD market
as the sector matures.
Turnover for the 2004 year rose by 46%, from #29.3m to #42.9m, partly reflecting
a 9 month first time contribution from our acquisition of G2. However, the
existing Moneybox ATM deployment business also showed strong organic growth,
with sales ahead by 26%, from #29.3m to #37.0m. On a like for like basis,
excluding G2 and annualising the prior period, group sales growth was 16%.|
|ATM --Sold out today for a modest profit--[I bought in at 26.5p ]
--the only play for this stock ,as you all quite rightly say, is a takeover bid .
As an investment policy -- I never hold stock on purely on that basis alone .|
|Year end was 31/12 so next update will probably be the FY results. My guess would be late March / early April.|
|well it was friday!|
|another bid rumour circulating|