Andrada Mining Share Discussion Threads

[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.

[facer] 05/10/2004 13:53

anybody have any idea whats going on with the takeover talks ? or how long this process takes

[facer] 04/10/2004 12:59

thanks very much billy....also the deal with compass looks to be very good

[sportbilly1976] 04/10/2004 12:47

doesn't really matter. If they offer cashthen the share price here will rise to that level.

If it is shares, then it will be on a 2-for-1 basis or so. In which case, you taske the value of their shares, divide it by 2 and then it the corresponding value attached to each of these shares, and the price will rise accordingly.

Shares could be more risky because if the shareholders of cardpoint do not think it is a good deal and decide to sell, any drop in their share price will be mirrored by a drop here.

Hope that helps.

[facer] 04/10/2004 11:54

what would happen if cardpoint took over moneybox, would it be a cash offer or would atm shares become cardpoint shares ?

[grupo] 04/10/2004 07:15

RNS Number:6323D
Moneybox PLC
04 October 2004

Moneybox secures preferred supplier ATM deal with Compass Group

Moneybox plc, the cash machine and payment services business, today announces
that its wholly owned subsidiary, Moneybox Corporation Limited ("Moneybox"), has
signed a series of agreements with the UK and Ireland division of Compass Group,
the world's largest food services company, to supply and maintain an estate of
ATMs within the UK.

Under the terms of the deal, Moneybox will be the preferred supplier of both
fully managed and merchant replenished cash machines to Compass in the UK for a
five year period. Moneybox will work with Compass to identify viable ATM
locations for deployment throughout the Compass Group operating companies, which
span 9,000 locations across the UK and include a number of well known brands
including Whistlestop, amigo, Harry Ramsden's, Caffe Ritazza and Upper Crust.
An initial estimate by Moneybox is that there would be at least 100 suitable
sites for ATM deployment during 2005.

Additionally, Moneybox has secured a five year preferred supplier deal at Moto,
the country's largest motorway services company. Moneybox's right to install
ATMs at Moto sites will commence on the expiry of Moto's existing ATM supply
agreements. Moneybox anticipates that deployment into these Moto locations will
commence by the end of 2006.

As a result of entering into these agreements, Moneybox estimates that its net
debt position at 31 December 2004 will be increased by #1m.

Peter McNamara, Executive Chairman of Moneybox plc, said:

"We are delighted that Compass has selected Moneybox to be its preferred
supplier of ATMs. The Compass estate represents a large number of very high
quality outlets in our core sectors of retail, transport and leisure, and the
demand for cash in these busy locations makes them ideal for our business
model."

Paul McArdle, Purchasing Director for Sevita (Compass Group's European
purchasing organisation) said:

"Moneybox is a leading ATM operator and the flexibility of its approach allows
us to provide this important service to our customers in all types of location
across the country. Their existing significant presence in Germany and the
Netherlands were also important factors in Compass' decision to partner with
Moneybox."

Moneybox plc
Peter McNamara, Executive Chairman 020 7452 5400

Compass Group UK & Ireland
Lesley Potter Communications Director
Compass Group UK & Ireland
Tel: [phone]
[e-mail]

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.

About Compass

Compass Group PLC is the world's largest foodservice organisation with annual
revenues in excess of #11 billion and employing more than 375,000 people in over
90 countries. In the UK and Ireland, Compass Group has annual revenues of #3
billion, employing over 110,000 people.


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

CNTILFVAIDLLIIS


Compass Group(CPG)

[bullandbear] 29/9/2004 14:43

nilip, I agree but at what price that is the question.. One woukd hope they would ask for at least the offer price due to the benefit of the new merged company plus the growth in the market in the coming years... I'd hope 45-50p.

[nilip] 29/9/2004 12:41

LOOKS LIKE A T/o LOOKS VERY LIKELY TO ME ... AND I RECKON CARDPOINT WILL BE THE VICTOR - EXCELLENT SYNERGIES BETWEEN THE TWO.

Moneybox PLC
29 September 2004

29 September 2004



Moneybox plc ('Moneybox')



Moneybox announces, in accordance with Rule 2.10 of the City Code on Takeovers
and Mergers, that as at the close of business on 27 September 2004 its issued
share capital consisted of 199,104,409 ordinary shares of 10p each. In
addition, as at that date options to subscribe for and awards to acquire a total
of 12,127,049 ordinary shares of 10p each under Moneybox's various employee
share schemes and warrants to subscribe for 1,964,407 ordinary shares of 10p
each remained outstanding.

[bullandbear] 29/9/2004 12:08

any views on what the market is saying with regards and offer.. we may have to wait for a while.. any views on time frame?

[dvda] 29/9/2004 09:56

...and by buying Hanco, it gives RBS the option of making these machines free for their own customers, but charging for everyone else. As such they would be able to make their overall customer proposition more attractive than those of their competitors.

Also it pushes their total number of ATMs to more than 11k. As and when free ATM usage becomes a thing of the past in the UK, RBS will have a competetive advantage over the other banks, in that their customers will have access to the most free ATMs (the other banks only have 3k -4k machines).

[riverbank] 29/9/2004 09:21

RBS bought Hanco, by far the biggest independent, a couple of months back, so they already own 5000 charging machines......

[shirishg] 28/9/2004 21:23

Post removed by ADVFN

[bullandbear] 28/9/2004 15:51

I agree sportbilly.. expect another jump soon enough

[sportbilly1976] 28/9/2004 14:34

ppl still buying today....and the MM's have been happy to take on 400k shares today, they are obviously confident that the offer price will be in the 45p+ region...

[bullandbear] 28/9/2004 13:07

I think many people know that the paid ATM market is growing and gaining ground now. Its time for some consolidation with ATM being the first of many. I expect many of the providers will join forces so I expect more mergers in the coming months and years.. 40-50p I expect the offer price to be as they are progressing well, OK have some problems, but if they merge with other competitors then this will be less of an issue because prices can and will increase when some one has the largest market share..

[sportbilly1976] 28/9/2004 12:12

the best bit was that it has received "a number of approaches" - this surely must mean some form of bidding war behind the scenes, so 50p+ is not out of the question....

...I wonder what stage they are at...if the newspapers had information then I presume it has been going for for a few days at least, maybe even a week....so I would expect to hear something later this week regarding a formal offer..

[topinfo] 28/9/2004 09:44

I agree, somewhere around 45-50p will be good and should be enough to tempt shareholders to sell up !!

[sportbilly1976] 28/9/2004 09:42

What price do we think will eventually be offered...I am guessing that it will be at least the pre-warning price (after all it only related to 2 months trading)..so 45-50p

any other ideas?