Andrada Mining Share Discussion Threads

[shadowchaser] 25/11/2004 17:16

ATM --Well ,I for one, hope they're doing fine --so they can takeover this lot!

[bowlerboy] 24/11/2004 23:18

Funny no mention of Cardpoint's results here!

[dvda] 18/11/2004 16:01

Bank Machine is a smaller player and privately owned i.e. no UK listing. They have a network of just under 1k ATMs, but see far higher trans per machines than Moneybox and Cardpoint. Presumaby at somepoint the VC company will want to sell in order to realise a profit on their original investment (they fiannced a MBO of the business from Euronet).

Otherise they might look at Infocash, but other than that there isn't too much scope. There are several other players out there, but they all tend to operate the 'merchant fill' machines, which is the part of the sector which is over provided for IMHO.

[riverbank] 18/11/2004 15:31

Good thinking....I'll check out Bank Machine. how about Moneybox acquiring one of the smaller players.... some of these keep their heads well below the parapet, but seem to have good businesses...

[riverbank] 17/11/2004 17:54

Yep, dvda, I've been watching CASH too...

agree that Moneybox look static.... only putting 30-35 new machines in every month, and transaction levels per machine are down.... could be that there is some tangible reaction to high fees? looks like october was down also..

[dvda] 17/11/2004 10:57

I've been posting a bit on the CASH BB. There's been quite a bit of coverage in the media recently on ATM charging and the forthcoming Treasury Select Committee review.

Nothing Moneybox specific to talk about really, though I believe they are still struggling a bit on transaction levels. At the interims they said that July and August were below plan - as I understand it September was no better.

[riverbank] 17/11/2004 09:53

zzzzzzzzzzzzzzzz...... quiet here.... has everyone moved to another board?

[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



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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'.