Andrada Mining Share Discussion Threads

[facer] 14/9/2004 11:04

how much further can this drop before they suspend them ?

[0238jr] 14/9/2004 11:03

am i right in thinking that the profit warning was effectively over 40%- ie £1.5m out of £3.5m estimate

[rbonnier] 14/9/2004 10:48

Unless they turn the business around expect a market cap of 4 million not 40 million!!I wouldnt touch these unless sub 10p is offered then they would be worth a very risky punt still with 50% downside.

[day_dreamer] 14/9/2004 10:10

You do learn how to play these through past hiccups !

Firstly comes the warning.
Then you check the market-cap against the profits, in this
case it was over 50 mil yesterday.
Then you know that institutions will dump, they 100% always do,
there is a massive sell order in the system now and various T-Trades
will show later, already a dump at 18p.
Then we have the advatage now of online quotes to show us if sellers
are still there.

40mil market cap next to very small operating profits is not good imho.

Gravy

[ok,yah] 14/9/2004 10:02

can buy at 20.3p must be a big sell waiting in the wings.

nilip

There was a lot of hope in the share price. The results have called into question the validity of the business model and the ability of the company to make the profits people thought they would. The ATM market looks to be becoming increasingly saturated and therefore the growth people thought possible might never materialise hence the massive drop. There may be a small bounce but sentiment will remain negative until the question marks raised now have been answered by good results

[nilip] 14/9/2004 09:52

Moneybox's closest rival is Cardclear.

The "Small Company Share Watch" has explicitly stated that the MoneyBox business is the 'Best of the Breed' in the ATM sector, which includes Cardpoint & Scott Todd.


Oh .. and ATM is also highly recommended by Techinvest.



Highly recommended by both Techinvest and SCSW - I would not be surprised to see that both SCSW and Techinvest will have now bought ATM into their respective portfolios in their next issues.

Current price is a steal.

[nilip] 14/9/2004 09:48

day-dreamer,

I'm always careful, but as I said, this is looking exceptionally cheap at the current price.

day_dreamer, trust me this is a very good buy at the current price ... I recall that you're into Patsystems which seemed like your favorite investment ? remember what the on-line quotes were/are for PTS ?

ATM has fallen from 42p - that's a massive (yes massive !) disproportionate fall from what it's results have presented.

[day_dreamer] 14/9/2004 09:37

Be very careful :

Online quotes tell the story.

Sell just 5k at 20p and buy 37.5k at 20.5p mid price.

I dont think it's hit the bottom.

Gravy

[day_dreamer] 14/9/2004 09:24

Sorry..after todays fall it's now valued at 40 mil, took
for granted that advfn's financials updated real time.

Gravy

[nilip] 14/9/2004 09:11

Turnover for the first half of 2004 was #19.7 million (2003: #15.2 million), an
increase of 30%.


In the UK :

Turnover for the UK ATM business in the first half of the year was #16.1 million (2003: #14.5 million) generating an operating profit of #1.3 million (2003: #0.8 million). At 30 June 2004, the Group operated 2,665 ATMs in the UK (31 July 2003: 2,310 ATMs).



In the Rest of Europe :

Turnover for the other European ATM businesses in the first half of the year was #1.8 million (2003: #0.7 million) producing an operating loss of #0.7 million (2003: loss of #1.3 million). At 30 June 2004, the Group operated 428 ATMs in the rest of Europe (31 July 2003: 254 ATMs).



Expect the trading results for this financial year to be disproportionately weighted towards the second half of the year.



Results may have been slightly dissapointing but the share price has fallen by over 50% ... which by no means reflects the results - way over done.


If ever there was a buying opportunity to buy into an excellent company very cheap ...


ATM operators are the way of the future and Moneybox is one of the leading players in the field with an already significantly established and highy regarded ATM network throughout europe and continuing to grow.

[day_dreamer] 14/9/2004 09:00

I think you need to look at the market cap even after this
fall and you can see they are still overvalued.
Still valued at 50+ million and barely making profits, i
wouldnt want to bottom fish this one imho.

Gravy

[me me] 14/9/2004 08:41

nilip
Kind of agree 60 million wiped off the share price in 2 hours of trading

[nilip] 14/9/2004 08:36

Starting to rise again...


This fall has been way over done.


I'm amazed that you can actually buy into MONEYBOX for so cheap.


As always the market has over reacted - seems the buyers are trickling in as they realise that the fall is rediculous for a company which is the largest ATM operator in Europe.


This is looking exceptionally cheap.

[ellemaitch] 14/9/2004 08:21

I agree AndyH , they phone me when there isnt cash in the machinne within 5 minutes however their engineer has not turned up for 2 months to repair another machine !!

[oakville] 14/9/2004 08:19

going bust !!!!!!

[squintyflinty] 14/9/2004 00:17

Did they make a profit or a loss?

[andyh21] 13/9/2004 22:51

not surprised to see a poor performance...i have one in one of my stores, between being out of service about 1/8th of the year and putting customers off with £1.50 handling charges they need some changes one feels!!!

[mustbefunny] 13/9/2004 22:35

What kind of company issues its results at 5 to 4?

Say no more

[affc21] 13/9/2004 19:33

LONDON (AFX) - Moneybox PLC warned that it now expects profits to fall short of full year market expectations as a result of lower than expected growth in both UK and Dutch transaction revenues.

Chairman Peter McNamara said the group now expects profit before tax, exceptional items and goodwill amortisation for the year ending Dec 31 2004 to be lower than market expectations by 1.2 mln stg in the UK and 0.3 mln in the Netherlands.

"In spite of the disappointment with recent trading, the progress made in the first six months of 2004 supports our confidence in our ability to build a valuable business for our shareholders," McNamara added.

The company also reported widening pretax losses for the first half to end June, broadly in line with expectations.

This period saw the company debut on AIM and acquire G2, a payments and authorisation business. However, in July and August revenues from the UK ATM estate have fallen below plan and this has led to the full year profit warning.

Turnover for the first half of 2004 was 19.7 mln stg, up from 15.2 mln. On a like for like basis, excluding the turnover arising from the acquisition of G2 in March 2004, the increase in turnover over 2003 was 2.5 mln stg or 16 pct.

First half profit before tax, exceptional items and goodwill amortisation was 0.3 mln stg, compared with a loss of 0.9 mln. Pretax loss was 1.1 mln stg, compared wiht a loss of 895,000 stg.

On the group's divisional performance, it said turnover for the UK ATM business in the first half of the year was 16.1 mln stg, up from 14.5 mln, generating an operating profit of 1.3 mln, up from 0.8 mln.

At the end of June, the group operated 2,665 ATMs in the UK, up from 2,310 ATMs a year earlier..

Following the acquisition of G2, the group embarked upon a project to bring ATM maintenance in-house. This project has been completed one month ahead of schedule with practically all ATMs now being maintained by the group's own engineering personnel. The directors are confident that by 2005 the business will exceed the 1 mln stg of annualised maintenance cost savings anticipated at the time of the flotation.

The board said that since flotation there has been a further focus on delivering direct cost savings and the group has commenced negotiations with a number of its suppliers in this regard. Whilst these negotiations are anticipated to deliver cost savings in 2005, in some cases they may result in one-off exceptional charges in the second half of 2004.

In addition, as the UK business reaches a more mature stage, the board said it will be able to reduce its overhead base as it goes into 2005.

Turnover for the other European ATM businesses in the first half of the year was 1.8 mln stg, up from 0.7 mln in 2003 producing an operating loss of 0.7 mln compared with a loss of 1.3 mln.

Following flotation, the group said it has focused on securing the integration benefits promised as a result of the G2 acquisition and it is ahead of schedule in this endeavour.

It hase also secured some notable business wins in both the UK and Germany, and has made considerable strides towards profitability in its German ATM business. However, the lower than expected growth in UK transaction revenues and continued underperformance in the Netherlands is expected to adversely impact profits in the second half of 2004.

It also said it will continue to review acquisition opportunities but will only pursue them if they fall within acceptable parameters of price and fit with the current business.

[e-mail]

[0238jr] 13/9/2004 19:09

i think the forecast profit for the year was about £3.5m, and they are suggesting it will be £1.5m short of that.

pretty stonknig profits warning.

i'll be corrected if i've got the figures wrong, no doubt.

[farsight] 13/9/2004 17:51

They don't look that bad. What's the score here guys?

[honiton] 13/9/2004 17:02

Why publish them late. Bad news. Very bad news.

[dvda] 13/9/2004 16:42

Interims are out - ouchy.

[jeff h] 11/9/2004 15:00

Saw a girl withdraw dosh from a Moneybox ATM at Costcutter
on the Euston Rd Thursday.

It will be interesting to hear of any update on the German
railways contract.

[dvda] 19/8/2004 19:11

That 850k looks more like a sell. As a T trade it would have been worked over the course of the day - probably placed in the morning, causing the drop in the bid from 38p to 36p.

The three listed ATM stocks all seem to be out of favour at the moment.