Consol. Vend. Share Discussion Threads

[lord santafe] 12/9/2007 18:25

Why did double6 not buy into this one then?.

[jonty6] 12/9/2007 14:54

Seems to be recovering today, by the looks of it only a little volume can have a big difference in the sp, that is of course if news isn't in the air!

[jeffbooth] 03/8/2007 08:22

Trendie - yes you can say that again!

[trendie] 31/7/2007 15:34

I see what you are say.
Anyone else got a view of this one.
Investors who came in at 3p must be very disappointed,

[topvest] 30/6/2007 08:54

This company was floated with insufficient capital imo. Too much selling by existing pre-IPO holders to new investors rather than raising of much needed new equity.

This statement is very interesting....one gets the feeling PHTM might have done this on purpose just to give this lot a hard time....remember- they make lots of money through their vending operations! I can remember when they lost this contract and they didn't think the operator would survive on the terms agreed at the time.

As already disclosed at the time of flotation, Snap did not renew its photobooth contract with the Post Office in 2006,
having previously held the contract for some six years. Snap is the largest part of CV and the Post Office contract was
the largest income stream within Snap. As a consequence of our withdrawal from the Post Office, we now have some 300
photobooths in storage for which we are seeking contracts. The terms which the Post Office were seeking for renewal
were, in our opinion, uncommercial and we therefore ceded the contract to our main competitor. We continue to be
unwilling to place photobooths on uncommercial terms. We consider that the terms upon which our only competitor is
prepared to place photobooths do not provide a long term sustainable business, we therefore have little choice but to
continue seeking to place our booths elsewhere until reality comes back to the market. We refuse to sacrifice profit
and cash for the sake of top line turnover growth. Current trading is at acceptable levels within the existing Snap
estate of 425 photobooths.

[flateric] 29/6/2007 07:18

Results posted.



Consolidated Vending plc
('CV' or 'the Company')

Directors' report and financial statement

Chairman's statement

I am pleased to present the maiden results of Consolidated Vending Plc ('CV'). CV came together on 23 June 2006 when
BFresh Limited (`BFresh') was joined with Snap Digital Imaging Limited ('Snap'), at that time I was appointed
Non-Executive Chairman having held the same position with Snap for the previous six years. On 13 December 2006, CV was
admitted to AIM (formerly the Alternative Investment Market). These results cover the period from incorporation on 6
June 2006 to 31 December 2006, effectively being the trading period since 23 June 2006 for Snap (photobooths) and BFresh
(toiletry vending).

As already disclosed at the time of flotation, Snap did not renew its photobooth contract with the Post Office in 2006,
having previously held the contract for some six years. Snap is the largest part of CV and the Post Office contract was
the largest income stream within Snap. As a consequence of our withdrawal from the Post Office, we now have some 300
photobooths in storage for which we are seeking contracts. The terms which the Post Office were seeking for renewal
were, in our opinion, uncommercial and we therefore ceded the contract to our main competitor. We continue to be
unwilling to place photobooths on uncommercial terms. We consider that the terms upon which our only competitor is
prepared to place photobooths do not provide a long term sustainable business, we therefore have little choice but to
continue seeking to place our booths elsewhere until reality comes back to the market. We refuse to sacrifice profit
and cash for the sake of top line turnover growth. Current trading is at acceptable levels within the existing Snap
estate of 425 photobooths.

The BFresh business is a small part of CV. We continue to refine our approach in this market place where we have over
600 machines in place. There are significant differences between the photobooth market and the toiletry vending market,
in particular with toiletry vending providing a far lower weekly take per machine than photobooths.

It remains our intention to bring a number of vending machine operations within the group and we are actively seeking
new operations. AquaPolar has significant technical challenges to overcome in order to bring it to the UK market, our
management team are working on these. Powerpod (phone battery recharging vending) is an insignificant 65% subsidiary of
BFresh which we took control of on 23 June 2006, we are currently in the process of closing Powerpod down as it has
proved uncommercial.

These results include a very significant FRS 20 `Share Based Payments' charge of £1,168,000 for share options. The
financial information of Snap and BFresh included within the Admission Document did not incorporate the effect of FRS 20
since this did not become UK GAAP ('Generally Accepted Accounting Principles') for private companies until 1 January
2006. Without this charge our results for the period would have shown a profit before taxation of £106,000.

Since the year end new debt and equity financing has been obtained totalling £975,000 before costs. This funding has
been utilised to repay all the 3i debt of £1.55 million at a discount of £450,000 and to assist the share purchase of
Kiddies Rides (UK) Ltd for £600,000. Kiddies Rides (UK) Ltd is a UK operator of kiddie rides which will add a new
product range to the Group, a wider customer base and provides synergies with the Group's photobooth business due to the
similarity of locations.

RJ Steele
Chairman
28 June 2007

ENQUIRIES TO:

Consolidated Vending plc 01494 754262
Andrew Coll
[e-mail]


SVS Securities plc 020 7638 5600
Ian Callaway
Peter Manfield

ARM Corporate Finance Limited 020 7512 0191
Nick Harriss




About Consolidated Vending plc:

Consolidated Vending plc operates over 1,000 vending machines throughout the UK
including photobooths, purified water, toiletries and kiddie rides. CV is a
British company recently listed on the London Stock Exchange's AIM market. Our
business model is simple but effective: enabling site owners to profit from
under-utilised space by providing relevant vending services to their customers,
supported by our nationwide team of service engineers. For further information,
please visit

www.cv-plc.co.uk






Consolidated profit and loss account
for the 209 day period ended 31 December 2006

Note 209 day period ended
31 December 2006
£000 £000

Turnover 1,2
Acquisitions 1,545
Cost of sales (856)

Gross profit 689

Distribution costs (502)
Administrative expenses:
Excluding share based payments charge (445)
Share based payments charge (1,168)

Administrative expenses (1,613)

Other operating income (being exceptional
waiver of amounts payable to third parties
of £369,000) 369

Operating loss (1,057)

Other interest receivable and similar income 6 48
Interest payable and similar charges 7 (53)

Loss on ordinary activities before taxation 3 (1,062)

Tax on loss on ordinary activities 8 -

Loss on ordinary activities after taxation
being the loss for the financial period (1,062)

Loss per share 9 0.007p

Diluted loss per share 9 0.006p



All amounts relate to continuing activities which were acquired during the period.

The group had no recognised gains or losses other than the loss for the current period as shown above.

Movements in reserves are set out in note 20.


Consolidated balance sheet
at 31 December 2006

Note 2006
£000 £000
Fixed assets
Intangible assets 10
Goodwill 869
Negative goodwill (69)

Net goodwill 800

Tangible assets 11 1,688

2,488

Current assets
Stocks 13 336
Debtors (including £42,000 due
after more than one year) 14 633
Cash at bank and in hand 955

1,924

Creditors: amounts falling due
within one year 15 (2,404)

Net current liabilities (480)

Total assets less current liabilities 2,008
Creditors: amounts falling due after
more than one year 16 (309)

Net assets 1,699

Capital and reserves
Called up share capital 18 206
Share premium account 20 1,387
Profit and loss account 20 106

Shareholders' funds 1,699

These financial statements were approved by the board of directors on 28 June 2007 and were signed on its behalf by:


AP Coll
Director





Company balance Sheet
at 31 December 2006


Note 2006
£000 £000
Fixed assets
Investments 12 128

Current assets
Debtors 14 2,384
Cash at bank and in hand 727

3,111

Creditors: amounts falling due
within one year 15 (806)

Net current assets 2,305

Total assets less current liabilities 2,433

Creditors: amounts falling due after
more than one year 16 (695)

Net assets 1,738

Capital and reserves
Called up share capital 18 206
Share premium account 20 1,387
Profit and loss account 20 145

Shareholders' funds 1,738

These financial statements were approved by the board of directors on 28 June 2007 and were signed on its behalf by:


APColl
Director



Consolidated cash flow statement
for the 209 day period ended 31 December 2006

Note 209 day period
ended 31
December 2006
£000
Reconciliation of operating loss to
net cash flow from operating activities

Operating loss (1,057)
Depreciation and amortisation charges 494
Profit on disposal of fixed assets (126)
Decrease in stocks 64
Increase in debtors (180)
Decrease in creditors (1,194)
Charge in relation to share based payments 1,168

Net cash outflow from operating activities (831)

Cash flow statement

Cash flow from operating activities (831)
Returns on investments and servicing of
finance 23 (5)
Capital expenditure 23 (12)
Acquisitions and disposals 23 102

Cash outflow before financing (746)

Financing 23 881

Increase in cash in the period 135

Reconciliation of net cash flow to movement
in net debt 24

Increase in cash in the period 135
Cash inflow from increase in debt financing 630
Net debt acquired with subsidiaries (1,454)

Net debt at end of period (689)



Reconciliations of movements in shareholders' funds
for the 209 day period ended 31 December 2006

209 day period
ended 31 December 2006
Group Company
£000 £000

Loss retained for the financial period (1,062) (1,023)

Credit in relation to share based payments 1,168 1,168
New share capital subscribed (net of issue costs) 1,593 1,593

Net addition to and closing shareholders' funds 1,699 1,738



Notes
(forming part of the financial statements)

1 Accounting policies

The following accounting policies have been applied consistently in dealing with items which are considered material in
relation to the financial statements.

Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards under the historical cost
accounting rules.

Basis of consolidation

The consolidated financial statements include the financial statements of the Company and its subsidiary undertakings
made up to 31 December 2006. The acquisition method of accounting has been adopted. Under this method, the results of
subsidiary undertakings acquired or disposed of in the period are included in the consolidated profit and loss account
from the date of acquisition or up to the date of disposal.

Under section 230(4) of the Companies Act 1985 the Company is exempt from the requirement to present its own profit and
loss account.

The financial statements are prepared on a going concern basis notwithstanding the consolidated net current liabilities
position at 31 December 2006. The directors believe this to be appropriate for the following reasons. Since the period
end the company has secured additional funding from existing shareholders and debt providers. The directors have
prepared projected cash flow information for the period to June 2008. On the basis of this cash flow information, the
directors consider that the company will continue to operate within its available cash resources and bank facilities.
Any financial forecasts by their nature contain uncertainty.

Goodwill and negative goodwill

Purchased goodwill (representing the excess of the fair value of the consideration given over the fair value of the
separable net assets acquired) arising on consolidation in respect of acquisitions is capitalised. Positive goodwill is
amortised to nil by equal annual instalments over its estimated useful life of 20 years. Any impairment charge is
included within operating profits.

Negative goodwill arising on consolidation in respect of acquisitions is included within fixed assets and released to
the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same
acquisition are recovered, whether through depreciation or sale.

On the subsequent disposal or termination of a business acquired, the profit or loss on disposal or termination is
calculated after charging (crediting) the unamortised amount of any related goodwill (negative goodwill).

In the Company's financial statements investments in subsidiary undertaking, are stated at cost less amounts written
off.

Fixed assets and depreciation

Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal
instalments over their estimated useful economic lives as follows:

Photobooths - 6 years
Plant and machinery - 3 years
Motor vehicles - 3-4 years
Fixtures and fittings - 4-5 years

Stocks

Stocks are stated at the lower of cost and net realisable value.




Notes (continued)

1 Accounting policies (continued)

Pre-contract costs

When the company engages in negotiating significant contracts and incurs directly attributable pre-contract costs, these
are capitalised within debtors and written off over the life of the contract from the commencement of the revenue flow,
once there is a high degree of certainty that a contract with a positive net present value will be obtained.

Foreign currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of transaction. Monetary
assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance
sheet date and the gains or losses on translation are included in the profit and loss account.

Taxation

The charge for taxation is based on the result for the period and takes into account taxation deferred because of timing
differences between the treatment of certain items for taxation and accounting purposes. Except where otherwise
required by FRS 19 full provision, without discounting, is made for all timing differences which have arisen but not
reversed at the balance sheet date.
Leases

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an
asset, the lease is treated as a 'finance lease'. The asset is recorded in the balance sheet as a tangible fixed asset
and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments
under such leases, net of finance charges, are included in creditors. Rentals payable are apportioned between the
finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding
obligation for future instalments. All other leases are treated as operating leases and rentals are charged to the
profit and loss account on a straight line basis over the life of the lease.
Post-retirement benefits

The company makes contributions to defined contribution pension arrangements on behalf of certain employees. The assets
of the scheme are held separately from those of the company in independently administered funds. The amount charged
against profits represents the contributions payable for the period.

Share based payments

The fair value of shares or options granted after 7 November 2002 is recognised as an employee expense on a straight
line basis in the profit and loss account with a corresponding movement in equity. The fair value is measured at grant
date and spread over the period during which the employees become unconditionally entitled to the options (the vesting
period). The fair value of the options granted is measured using an option pricing model, taking into account the terms
and conditions upon which the options were granted. The amount recognised as an expense is adjusted to reflect an
estimate of the number of shares or options that are expected to vest.

The fair value of shares or options granted has been determined using the Black-Scholes model.

Cash

Cash for the purpose of the cash flow statement comprises cash in hand and deposits repayable on demand less creditors
payable on demand.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to
customers, the substantial majority of which arose in the United Kingdom in relation to its principal activities.





Notes (continued)

2 Segmental analysis

The directors consider that substantially all of the group's turnover originates from and is sold into the United
Kingdom. An analysis of the group's turnover by market segment is as follows:

209 day period ended December 2006
Photobooths Toiletries Total
£000 £000 £000

Turnover 1,459 86 1,545

Operating (loss)/profit (1) 75 74

Net interest 11 (16) (5)

Segment profit before taxation 10 59 69

Share based payments charge (1,168)
Net common income 37

Group loss before taxation (1,062)


Substantially all of the group's net assets originate in the United Kingdom. An analysis of the group's net assets by
market segment is as follows:

31 December 2006
Photobooths Toiletries Total
£000 £000 £000

Net segment assets 798 212 1,010

Unallocated net assets 689

Consolidated net assets 1,699



Notes (continued)

3 Loss per share

Basic

The basic loss per share is calculated by dividing the loss after taxation of £1,062,000 by the weighted average number
of ordinary shares in issue during the period of 153,412,178 ordinary shares of 0.1p each.

Diluted

The diluted loss per share is calculated in accordance with Financial Reporting Standard 22 ('FRS 22'). This
calculation uses a weighted average number of ordinary shares in issue adjusted to assume conversion of all dilutive
potential ordinary shares as shown below:

Loss Weighted Loss per
number of share
shares (pence)

£000

Basic loss per share 1,062 53,412,178 (0.007)
Effect of dilutive securities:
Employee share options - 36,730,769 0.001

1,062 190,142,947 (0.006)

FRS 22 `Earnings per share' requires presentation of diluted earnings per share when a company could be called upon to
issue shares that would decrease net profit or increase net loss per share. For a loss making company with outstanding
share options net loss per share would only be reduced by the exercise of in-the-money options. Since it seems
inappropriate to assume that option holders would act irrationally no adjustment has been made for out-of-the-money
options.

4 Called up share capital

2006
£000
Authorised:
1,000,000,000 ordinary shares of 0.1p each 1,000

Allotted, called up and fully paid:
205,789,474 ordinary shares of £0.1p each 206

The company was incorporated on 6 June 2006 with an authorised share capital of £1,000,000 divided into 100,000,000
Ordinary shares of £0.01 each, of which 2 such Ordinary shares were taken up by the subscribers.

On 6 June 2006, the share capital was subdivided into 1,000,000,000 Ordinary shares of 0.1p each.

On 23 June 2006 the company issued 50,199,980 Ordinary Shares and the 20 Ordinary Shares issued on incorporation (as
they had become) were credited as fully paid in cash.

On 23 June 2006, the company entered into the BFresh Purchase Agreement with the BFresh Vendors under which (as amended)
the company agreed to purchase the entire issued share capital of BFresh Limited for a consideration of 82,200,000
Ordinary Shares of 0.1 pence each in the company.

On 23 June 2006, the company issued 27,600,000 Ordinary Shares credited as fully paid in cash for 0.18p each.

On 17 November 2006, the company allotted 10,789,474 Ordinary shares to SVS Securities plc for cash at par, conditional
on Admission.

On 6 December 2006, the company allotted 35,000,000 Placing Shares to the Placees conditional on Admission credited as
fully paid at the Placing Price.

The issued share capital of the company on Admission was therefore 205,789,474 Ordinary Shares, all of which are fully
paid up.

On 23 June 2006 BFresh Limited lent the company £255,000 by way of an interest free loan.


5 Share premium and reserves

Group
Share premium Profit and
account loss account
£000 £000

Arising on share issues (net of issue costs) 1,387 -
Loss for the period - (1,062)
Reversal of charge in relation to share based payments - 1,168

At end of period 1,387 106

Company
£000 £000
Arising on share issues (net of issue costs) 1,387 -
Loss for the financial period - (1,023)
Reversal of charge in relation to share based payments - 1,168

At end of period 1,387 145



The profit of the holding company dealt with in these accounts amounted to £145,000.

The cumulative amount of goodwill arising from acquisitions in current financial period is £22,000.



6 Analysis of cash flows

209 day period
ended 31 December2006
£000 £000
Returns on investment and servicing of finance
Interest paid (53)
Interest received 48

(5)

Capital expenditure and financial investment
Purchase of tangible and intangible fixed assets (12)

(12)

Acquisitions and disposals
Purchase of subsidiary undertakings (718)
Net cash acquired with subsidiaries 820

102

Financing
Issue of ordinary share capital 1,511
New loans 1,300
Repayments of amounts borrowed (1,896)
Capital element of finance lease payments (34)

881

7 Analysis of net debt

Cash flow Acquisitions At end
of period
£000 £000 £000
Cash at bank and in hand 135 820 955
Debt due within one year (1,306) (29) (1,335)
Debt due after one year 1,936 (2,245) (309)

Total 765 (1,454) (689)

[topvest] 28/6/2007 20:57

Looks like they struggled on the financing here!

[abubryn] 28/6/2007 16:05

There is also a hidden saving where a site hosts 2 of their products One visit from technician can service two kinds of installation in future .difficult to see how much difference it will make .You can buy at same price as new issue which is unusual.

[grlz] 28/6/2007 15:54

That's a big dilution for the modest earnings gain - could be my math but this purchase don't look like it's enhancing earnings within the first year.

[flateric] 28/6/2007 12:41

Announcement...


CONSOLIDATED VENDING PLC
("CV" or "the Company")

Acquisition of Kiddies Rides (U.K.) Limited ("KR")
Equity placing to raise £337,174
Issue of convertible debentures to raise £625,000
Other financing arrangements

CV, the operator of photo booths and vending machines for quality miniature toiletries through health clubs, is pleased to announce that, on 27 June 2007 (the "Completion Date"), it acquired the entire issued share capital of KR for a total consideration of £600,000, including £150,000 to be paid by way of an earn out.


The KR business

KR started trading in November 1999 and operates coin-operated rides for children throughout the UK, under agreements with supermarkets, high street retailers, shopping centres and a number of independent site owners. KR has 357 rides available over 169 sites. The company will provide CV with a new product range, a wider customer base and synergies with CV's photo booth business as a result of the similarity of locations. In the year ended 31 October 2006, KR had turnover of £938,721, EBITDA of £155,839 and profit before tax of £45,780. At that date, KR had net assets of £107,334.


Financing arrangements for the acquisition of KR and additional working capital

On the Completion Date, the Company placed 22,667,209 ordinary shares of £0.001 each (the "Placing Shares") at £0.014875 per share ("the Placing Price") with funds managed by Arc Fund Management Limited, to raise £337,174 before expenses.

The Company has entered into the following arrangements with Trafalgar Capital Specialized Investment Fund - FIS ("TCSIF" or the Lender"):

1. The Lender has advanced a convertible loan of £625,000 to the Company. Redemption will commence 12 months from the Completion Date. £425,000 plus accrued interest will be repaid over 12 months in equal instalments. The final £200,000 plus accrued interest will be repaid 24 months after the Completion Date. Interest will accrue on the outstanding amount at a rate of 8%. The lender shall be entitled to convert the loan into CV ordinary shares (up to the outstanding amount of the loan, but capped at an upper limit such that the conversion shares do not exceed 2.99% of the total number of CV ordinary shares in issue) with effect from the sixtieth day after the Completion Date. The conversion price is the lower of a fixed conversion price and 85% of either the lowest volume weighted average price for the 5 trading days before conversion or CV's broker's bid price. The fixed conversion price is itself the lower of the Placing Price and the volume weighted average price on the Completion Date. In addition, the lender has been granted warrants over up to 1,200,000 CV ordinary shares, exercisable at nominal value at any time within 5 years of the Completion Date.
2. CV has entered into a committed equity facility whereby CV has the right, subject to approval by TCSIF of the first requested subscription, to sell to TCSIF up to £2,000,000 of CV ordinary shares over the next 30 months at a price equal to the lowest volume weighted average price over the 5 days following CV's subscription request.


Terms of the acquisition

The consideration for the acquisition is £600,000, and was paid as follows:

1. £300,000 in cash.
2. £150,000 in CV ordinary shares at a price equivalent to the Placing Price (10,084,034 shares – the "Acquisition Shares").
3. £150,000 to be payable in cash within the next eighteen months, subject to adjustment, up or down, depending on KR achieving an aggregate gross profit of £462,153 (as defined in the Sale and Purchase Agreement), computed on a monthly basis, within 12 months of the Completion Date.

In addition, CV has procured the repayment of a KR director's loan to KR. This consists of £60,000 paid in cash, £50,000 satisfied in CV ordinary shares at a price equivalent to the Placing Price (3,361,344 shares – the "Director's Loan Shares") and £103,000 to be paid in cash in equal monthly instalments over the next 18 months.

CV has also facilitated the settlement of certain finance and lease hire obligations of KR, totalling approximately £78,500.

The cash elements of the consideration for the acquisition and the repayment of the director's loan are to be funded through the use of the financing arrangements described above. Part of the proceeds of the financing arrangements will be used to complete the repayment of a loan of £1 million from 3i Group plc for £650,000, a gain for CV of £350,000.


A total of 53,087,377 CV ordinary shares have been issued consisting of Placing Shares, Acquisition Shares, Director's Loan Shares and shares issued in lieu of cash fees for financing and advisory costs (16,974,790 shares). Application has been made for the new ordinary shares to be admitted to trading on AIM and it is expected that Admission will be effective on 4July 2007. Upon admission of these shares to AIM, the Company will have 258,876,851 ordinary shares in issue.

The report and financial statements of CV for the 209 day period to 31 December, 2006 will be released no later than 30 June 2007.

The Company announces that it has changed its Registered Office to Woodside Corporate Services, 4th Floor, 150-152 Fenchurch Street, London, EC3M 6BB.

Commenting on the acquisition and the financing arrangements, Andrew Coll, Chief Executive Officer, said:

"We are delighted to have completed our first acquisition since being admitted to AIM in December 2006. Kiddies Rides introduces a new product range to our group and broadens our customer base. There will be benefits from engineering and servicing efficiencies because of the similarity of the locations of rides in Kiddies Rides and in our Snap photo booth operation. The new financing arrangements will provide the enlarged group with the flexibility to develop the existing businesses and to make further acquisitions should opportunities become available."

Enquiries:

Andrew Coll 01494 513927
Chief Executive Officer

Nick Harriss 020 7512 0191
ARM Corporate Finance Ltd

Robert Kretowicz 020 7638 5600
SVS Securities plc

Paul Quade 020 7248 8010
Cityroad Communications mobile: [phone]

[abubryn] 28/6/2007 12:06

You can buy at present online 250k at 1.45p

[flateric] 28/6/2007 11:13

I know they are finally moving. I got the impression there was news coming.

[blueliner] 27/6/2007 21:34

FE At the moment this is my investment from hell.

Your comments , can you flesh them out a bit.

[flateric] 27/6/2007 18:11

Yes, it's doing ok. Expect something soon.
A snip at these prices. 1.5p / £3m cap is good price, imo.

[trendie] 06/6/2007 10:40

Anyone have any news on this company ?

[blueliner] 23/2/2007 11:10

News: fwiw

LONDON (AFX) - Felix Group PLC said it has signed separate distribution pacts with Consolidated Vending PLC, RCI Europe and Utility Business Services Ltd for its Max Box retail ATM machine.

The three agreements give the companies the the right to market, promote and help site all three of Felix's Max Box variants within the UK and within their own operational leisure and retail sectors.

[alansmith23] 20/2/2007 21:04

blimey, it's a bargain ;-)

a 50k sell at 1p ??????

would be interested to know what the offer was, at a midprice of 2.25.

2.5? making it on a potential spread of 150%

fundamentally you would think a vending business should be a fairly steady, profitable, solid investment, but there are lots of questionable things happening around this stock, apparently.

If nothing else it's been interesting to track events here. (especially as I also was junk-mailed the prospectus offering them at pre-float 3p)

[blueliner] 20/2/2007 16:47

Seen the sells at below bid today...

[satishshah] 16/2/2007 14:12

I think the idea of approaching FSA is absolutely justified. I somehow smell a rat. Why would broker build a position and moreover tell his clients that he is doing so inducing them to buy. By the way, the price reached over 0.004p soon after the float. Who sold these shares at this price? If we can find it out, we maybe much nearer the problem.

SRS

[grlz] 15/2/2007 23:24

best avoided as CAPT (Capital Idea's) who hold 2,834,453 shares (1.77%) after selling B Fresh to CVD (pre AIM entry) have listed this stock to sell before the end of March in their last market update.

DYOR

[mangal] 15/2/2007 21:47

The warrants of these are listed here:

[trendie] 07/2/2007 13:49

MenaG - did you approach the FSA ? any developments ?

[blueliner] 02/2/2007 15:41

Well the 'boiler room' helpline for the FSA is 0845 606 1234
though not really for UK brokers like SVS, but worth a try.

[menag] 02/2/2007 09:07

On the grounds that the broker said that he was buying positions himself, surely that can't be legal? Also he said that I could sell these at a profit within a 10 day settlement.

How do I go about making a complaint?

[blueliner] 01/2/2007 20:08

MenaG, what are your grounds for an approach to FSA

I actually hold these at present, but my eyes were wide open
when pushed out by SVS, all those warrants thrown in [now
hardly exercisable], but I didn't buy for the short term.
SVS have a track record of pushing some real bargepole stocks
but I hold another of theirs, Advanced Smartcards which I have real hopes for.

I have asked them today why these are down 40%, perhaps I should have chucked my money at some oversold O&G stocks.