Andrada Mining Share Discussion Threads

[dvda] 03/11/2004 15:28

i99

Wish I could - bit skint at the moment.

[innovation99] 01/11/2004 23:44

watch this head north next week

Anyone got a compass !

[facer] 30/10/2004 12:33

watch this head south next week

[innovation99] 29/10/2004 18:53

DVDA

"Turning down an offer on the sale of your house"

Offer me the right price and we dont need to talk you can have it!

[shadowchaser] 22/10/2004 17:55

ATM --Something has got to give --

I suggest you wait and see.....SC

[john peters] 20/10/2004 16:49

Been watching this stock for a while, any views if there will be a take over now ?

[dvda] 20/10/2004 10:19

"Turning down an offer on the sale of your house does not mean you wont sell it at the right price?"

I totally agree, but in this case the house was never on the market in the first place.

If I come round your house this evening and make you an offer, which you politely decline and shut the door in my face, would we be in 'talks'?

[innovation99] 20/10/2004 09:52

Dvda

If ATM refused take-over bids then it must have been in some form of 'talks' to do so. Turning down an offer on the sale of your house does not mean you wont sell it at the right price? Hence, the statement "a number of approaches none of which merits further advice to shareholders."

[facer] 15/10/2004 14:07

Tue 12 Oct 2004



printer friendly email article
Number's up for nine at ATM firm


CASH machine provider Moneybox has cleared out nine of its top executives, as it announced the preliminary conclusions of last month's business review.

In the personnel changes brought in by new executive chairman Peter McNamara, chief operating officer Kieron Abernethy has quit, to be replaced by former commercial director Andrew Neubauer.

In September, the company, which supplies "convenience ATMs" to shops and businesses, announced that its full-year profits would fall short of market expectations by around £1.5 million.

The board said it had received a number of takeover bids but none would "merit further advice to shareholders" as they were too low.

The cash machine, payment and security services company plans to issue a pre-close trading statement in mid-December.

The firm, which last week announced an expansion of its ATM network across premises owned by catering giant Compass, reported that it should "maximise the profitability of its existing ATM estate" and "grow its ATM estate in new ways and new markets".

Mr McNamara said the personnel changes would result in an exceptional restructuring charge of around £500,000 which would be booked in the full-year accounts.

He added: "The board believes that the group is now well positioned with the right people and resources to grow its business and deliver better value to shareholders."

The report stated that the company wanted to reduce overheads and sales costs in running the ATMs and improve estate management to get rid of unprofitable ATM machines.

Moneybox, which launched its first convenience ATM in June 1999, operates 2665 ATMs in the UK, and a further 428 in Germany and the Netherlands.

Most independent ATM operators make their money by levying a small charge on the withdrawal of cash from their machines.

[facer] 15/10/2004 12:40

so it looks like somebody is stake building

[facer] 13/10/2004 13:11

thanks very much dv, sometimes those rns's are a little confusing

[dvda] 13/10/2004 13:08

innovation,

Not sure I agree with your interpretation. If they were still in talks, wouldn’t they need to make this explicitly clear to both shareholders and the market as a whole? e.g. “we are currently in discussion which may or may not lead to an offer being made, blah blah blah”.

Having said that, just because they are not in talks doesn’t mean that someone (TRM?) won’t come back with an improved offer.

facer,

Not so - see today's RNS. TRM bought yesterday: 3.25m @ 34p and 1m @ 33p, which equals the 4.25m @ 33.764 'T' trade. They now have a 4.95% stake.

[facer] 13/10/2004 12:21

there seemed to be a 4.5 million shares sold yesterday, anybody know anything ?

[bollers] 13/10/2004 11:57

Notice TRM are buying shares. This cut from Nov 2003 press.

So healthy, in fact, that TRM is again in the hunt for ATM portfolios.

With its finances climbing, Tierney said TRM, which has some 3,600 machines in the United States and the UK, is "ready for some consciously controlled growth." Like other large ISOs, TRM wants to buy portfolios of smaller competitors -- not only in the U.S. but in the UK and possibly Canada.

[innovation99] 13/10/2004 10:37

I dont think this means they have refused all offers. The message is just informing that talks are still in the early stages which we already know. Hence, nothing to 'merit further advice'.

[dvda] 11/10/2004 17:04

"As previously announced the Board has received a number of approaches none of
which merits further advice to shareholders."

Sounds like it, though I guess there is still scope for someone to come back with an improved offer.

[facer] 11/10/2004 17:00

does this mean they have refused all offers ?

[topinfo] 11/10/2004 08:00

RNS Number:9150D
Moneybox PLC
11 October 2004

Embargoed until 7.00am Monday 11th October

Moneybox Update on Business Review

Moneybox plc, the cash machine, payment and security services business, today
informs the market of the preliminary conclusions of the review of its business
announced on September 20th.

Background and Market Outlook

In an increasingly competitive UK market, higher quality ATM sites are at a
premium, as is evidenced by the sharp rise in site fees and prices paid for ATM
estates over the last 12 months. While this trend confirms the value of
Moneybox's first mover strategy, it also calls for an increased focus on profit
as well as revenue growth.

Strategy Going Forward

Moneybox's future ATM strategy is to both maximise the profitability of its
existing ATM estate by adopting industry leading low cost operational models and
to grow its ATM estate in new ways and new markets. This will be achieved by:

* Reduced cost of sales

* Reduction in overheads

* Active estate management to redeploy unprofitable ATM assets

* Growth in the number of free-standing ATM kiosks

* Leveraging our proven ability to develop and maintain national account
relationships

* Using our wide range of ATM, payment and security service offerings to
develop broad relationships with key customers

* Building a valuable reserve of ATM sites for potential future deployment

To achieve these aims the Board has made a number of changes at senior level.
Peter McNamara has been confirmed in his position as Executive Chairman. Kieron
Abernethy, Chief Operating Officer, has today resigned from the Board and Andrew
Neubauer, Commercial Director, has become Chief Operating Officer. These and
other personnel changes will result in an exceptional restructuring charge of
approximately #0.5 million.

Trading Update

The Board indicated when reporting interim results on September 13th that 2004
full year profits would fall short of market expectations by approximately #1.5
million. Trading results from its UK ATM estate have shown a small improvement
in September over those for August and the Board sees no reason to change the
revised guidance. As referred to above, the reported results for the year ending
31 December 2004 will now reflect non-recurring costs of approximately #0.5
million, which will be treated as an exceptional item in the accounts.

The strength and quality of the opportunities pipeline is evidenced by
Moneybox's recent announcement of an exclusive five year preferred supplier deal
with Compass Group in the UK, which will allow Moneybox to install an estimated
100 new ATMs in 2005 in suitable sites selected from Compass's 9000 plus
restaurant and catering locations. Additionally, Moneybox has secured a five
year preferred supplier deal with Compass's subsidiary Moto, the country's
largest motorway services company, whereby Moneybox has the right to install
ATMs at Moto sites as existing supplier contracts expire, with deployment
expected to commence by the end of 2006.

The actions we are now taking to control costs and improve shareholder returns
will provide room for continued profitable expansion of the core UK ATM estate,
which will remain the primary driver of shareholder value. The Board believes
that the Group is now well positioned with the right people and resources to
grow its business and deliver better value to shareholders.

As previously announced the Board has received a number of approaches none of
which merits further advice to shareholders.

Further announcements about the progress of the business will be made as
appropriate. The Board intends to issue a pre-close trading statement in mid
December.

Peter McNamara, Executive Chairman of Moneybox plc, said:

"In an increasingly competitive UK market, higher quality ATM sites are at a
premium. While this confirms the value of Moneybox's first mover strategy, it
also calls for an increased focus on profit as well as revenue growth. Going
forward our strategy will therefore be to both maximise the profitability of our
existing ATM estate by adopting industry leading low cost operational models and
to grow our ATM estate in new ways and new markets. The Board believes that the
Group is now well positioned with the right people and resources to grow its
business and deliver better value to shareholders."

Moneybox plc
Peter McNamara, Executive Chairman 020 7452 5400

Reputation Inc
Tom Wyatt 020 7758 2800

Notes to Editors:

About Moneybox

The Moneybox Group deploys, manages and maintains cash machines (ATMs) in the
UK, Netherlands and Germany. The Group also operates cashless payment and
access control systems in the UK through its G2 subsidiary, which was acquired
in March 2004, when Moneybox floated on AIM.

Moneybox launched its first convenience ATM in June 1999. At 30 June 2004,
Moneybox operated 2,665 ATMs in the UK, 166 ATMs in the Netherlands and 262 ATMs
in Germany. In the UK, Moneybox's cashless payment and access control systems
are used by over 400 customers at more than 1,700 sites.

Moneybox deploys ATMs at points of convenience, with consumers paying a
convenience fee per cash transaction. This enables the ATM to be located in
places that do not attract enough cardholders to support a traditional cash
machine, promoting consumer choice and wider accessibility to their cash.
Virtually every bankcard and credit card is acceptable through Moneybox ATMs as
a result of Moneybox's membership of the LINK network.

The Moneybox ATM estate comprises owned and operated fully managed ATMs,
merchant replenished ATMs and ATMs that are managed on behalf of financial
institutions.

The G2 Group was established in 1991. In August 2002, G2 acquired a majority
holding in Transacsys plc (a company then listed on London Stock Exchange's
Alternative Investment Market (AIM)). Transacsys (formerly known as Girovend)
introduced its cashless payment systems in 1984 and has supplied access control
systems since 1994.

G2 processes ATM, credit and debit card, direct debit, internet and stored value
card transactions. G2 also develops, sells and maintains cashless payment and
access control systems and in 2003 supplied approximately 300,000 smart cards
and 300,000 magnetic strip cards to the workplace market.


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCMPBPTMMMMBTI

[topinfo] 10/10/2004 08:08

And when is this to be announced???????

[763795] 07/10/2004 19:53

At what price???

[gomez27] 07/10/2004 12:32

inside information tells me that cardpoint are taking over
moneybox

[shadowchaser] 06/10/2004 19:17

ATM -Early days yet ,just be patient and see what happens.