Cake Box Share Discussion Threads

[nigelmills] 29/12/2009 18:19

Borrowing at 12% - obviously not desperate for cash ....

[b3rt1e] 12/11/2009 08:49

I have just read the 19.10.09 trading update(see below)and wondered if anyone else had seen it, as having seen the chart and then seen that it is EBITDA positive I am surprised not to have seen any uplift or interest.

Financial highlights for year:
- Q1 Trading for 2009/2010 financial year delivers breakeven EBITDA
- Core revenue for the period up 36% on 2007/8; 11% organic growth, the
remaining 25% growth being delivered through acquisition.
- Two acquisitions within the period, both integrations completed on schedule
within the year
- New revenue stream from Free to Use [FTU] ATMs builds from second quarter
onwards
- Salary costs down 7% on last year, predominantly due to Q4 actions; current
month down by over 20% on same month prior year
- Strategic partnership with BT Openzone will generate revenues in coming year
from WiFi
Core trading
As at 30 June 2009, the installed base of transacting ATMs was 2,455 compared to
2,045 at 30 June 2008. This number reflects that in excess of 400 ATMs were
uplifted during H2, some of which came from within ATM estates acquired during
the year. This was a planned exercise to ensure that sufficient ATMs would be
held in anticipation of fulfilling large contracts (already in discussion at
that point), and in the knowledge that the last available drawdown of the HBoS
capital funding to purchase new ATMs would be utilised in 2009.
This churning of sites has also had the effect of increasing average
transactions per site, and reduced the reactive workload of the in-house Support
Services team and Field Engineers; enabling them to focus upon ensuring the
provision of outstanding service to the Company's most lucrative partners.
The challenging economic conditions have increased the demand from customers to
roll out FTU ATMs, as part of their own value offering to their customers.
Having a stock of ATMs with which to conduct trials enabled the Company to fully
test this new sector. Every FTU trial to date has successfully evolved into a
full rollout of the FTU offering. Over 7% of the Company's installed ATM base is
now operating on a free to use basis.
A FTU ATM is free to use for the ATM customer. However, Cashbox collects a small
charge per transaction, a Bank Interchange fee, from the ATM user's bank, and
not the actual ATM user.Thus so long as transaction volumes are sufficiently
high FTU machines are equally profitable to Cashbox as surcharging ATMs.
FTU ATMs tend to enjoy higher transaction volumes, as there is no disincentive
in the form of the surcharge to use the ATM. This also benefits the merchants
who have FTU machines on their premises, as they cycle through far greater
volumes of withdrawn cash, money that would normally attract a "cash-handling
fee" when deposited at a bank. Many of the contracts announced by Cashbox in
the first quarter of this current year will stipulate the partial deployment of
FTU ATMs and the management expects this trend to continue.
The partnership with BT Openzone, their only ATM initiative, enables Cashbox to
offer its partners the chance to provide Broadband access at their sites,
increasing the pull of the site as a destination, as well as potentially
increasing customer time spent onsite. A number of cashbox clients are
currently in discussions to trial this offering, which is part of a strategic
drive to leverage the geographic presence of the ATMs.
The Company will continue with its strategy of containing costs whilst seeking
to churn existing sites to maximise ATM return. Due to the rapid fulfillment of
the high site volume contracts won at the end of last financial year, the
company has delivered breakeven EBITDA in the first quarter of the 2009/2010
financial year. With the number of other ATM and WiFi contracts under
discussion, including trials currently running within two national high street
brands, the Directors are confident that the significant improvements in
financial performance will continue during the current year.

[xlairways] 22/9/2009 17:37

That should help bring some more people to look at cashbox.

[investinggarden] 22/9/2009 15:22

Speculative Buy rating from Growth Company Investor

[smartypants] 10/9/2009 15:14

Seems that my maths is ok...perhaps I should question my grasp on reality ?

[smartypants] 28/8/2009 16:08

Hows my Maths..?
Let's assume that each machine generates £10 revenue a day..
3400 machines x £10 = £34,000
300 days a year x £34,000 = @£10mil revenue a year ??
Surely you can squeez some profit out of that....no..?

[smartypants] 28/8/2009 00:35

Just doing a little reading up for potential SIPP buys, and enjoyed reading all the goings on recorded in the earlier posts on here
So a little suprised to see that one of the brothers is still with the company..Matthew Thomas - Chief Technical Officer..?
I am also some what puzzeled as to how you can continualy make a loss by providing a machine that charges people to withdraw there own money ????
Does adding @800 machines in the last 6 months make that loss bigger or smaller ?

[investinggarden] 04/8/2009 12:59

Cashbox wins pubs deal

[ukinvestor220] 04/8/2009 09:53

MM's upped the price but no buyers have taken.
the chart is a disaster - what is going on here?

[shammytime] 04/8/2009 08:37

Excellent contract news this morning. This looks to be on its way back

7p short term target...

[currypasty] 14/4/2009 15:31

big fall in shareprice over last couple of months, and now FD goes, seen it all before, looks like trouble to me.

[currypasty] 14/4/2009 15:22

Cashbox PLC announce today that David Auger the Chief Financial Officer
has left the company to pursue other opportunities. The Board of Cashbox would
like to go on the record thanking David for his work over the past two
years.

[blackbear] 05/4/2009 09:37

Like flogging a dead horse, pay by mobile is developing fast and you will be charged about 20p for the privilege.

[currypasty] 18/3/2009 08:37

Highlights


+--+----------------------------------------------------------------------------+
| -| Installed machines reach 2,838, an increase of 793 in the period |
+--+----------------------------------------------------------------------------+
| -| Transaction revenues increased by 19% over H2 and 24% over H1 07/08 |
+--+----------------------------------------------------------------------------+
| -| Gross profits increased and gross margin improvements maintained |
+--+----------------------------------------------------------------------------+
| -| Losses measured by EBITDA improved again |
+--+----------------------------------------------------------------------------+
| -| Two acquisitions completed |
+--+----------------------------------------------------------------------------+
| -| New funding of GBP1.5m new equity and GBP1.5m convertible loan notes |
| | raised in period |
+--+----------------------------------------------------------------------------+
| -| GBP1.8m Hanco debt replaced by a convertible loan note |
+--+----------------------------------------------------------------------------+
| -| GBP417K MBC debt replaced by a convertible loan note |
+--+----------------------------------------------------------------------------+

[nigelmills] 02/9/2008 18:52

Don't know I'm afraid. Puib location ATMs aren't too clever though ! Integrating 140 in 2 months is hardly newsworthy. It equates to 1 man & a van !

[alfieduncan] 21/8/2008 11:19

Good call Nigel.I`m sorry to say.As a former holder but one who`s looking to get back in and recoup.Lets hope they spend it wisely.
Seem to be attracting a few bargain hunters.Although I had thought share price may drift lower and possibly out of sight but for the time being around 5p reflects faith of subscribers.
Have the placing shares been offered to existing holders to you know?

[nigelmills] 20/8/2008 21:24

Another £ 360k - I wasn't far off with my prediction a month ago !

[nigelmills] 24/7/2008 12:22

There can't be much of that £ 400k left by now. Is there another fundraising or are they chucking the towel in ?

[alfieduncan] 10/4/2008 10:02

badlad.Have you put your money where your mouth is and taken out a short position?
Anybody else out there with a view?

[alfieduncan] 20/3/2008 09:24

Well well well.Seems someone likes these if that was a buy of 1,250,000 at 8p.Surely it can`t be a sell at that price.Figs on the 31st March.

[alfieduncan] 04/3/2008 08:57

Hello badlad.There is someone out there!
Any idea at what level a share issue may come?
Are you a holder?
Cheers Alf

[badlad21] 03/3/2008 21:31

lower - until liquidation or share issue!