Andrada Mining Share Discussion Threads

[henry14] 15/9/2004 12:16

nilip

hasnt it ocurred to you that the reason it hasnt risen is because there is a large sell taking place ?

[andyh21] 15/9/2004 12:09

my personal experience of having one installed in one of my stores is a lack of reliability....for example 2 weeks ago there was a national problem with BT lines affecting all Credit/debit, top up, electric transactions.....at the time the cash machine was 'out of order' and had been for 3 days, it took an engineer 4 days to come out and fix it!!!

turned away about £500 worth of business in 2 hours....told money box they are crazy!

however i am planning to install one in another store shortly, so theres some more business for them!!!

[nilip] 15/9/2004 12:05

AndyH21,

The brick wall will collapse soon - there's just too much buying pressure to sustain it.



Once the 20p offer breaks through, which it will definately do under this sort of buying pressure, we'll definately see this staring to rise sharply again - still predict 30p in a few days ... buying is just simply too strong.


Just look at the amount of buying ... peeps realise that this is looking seriously cheap.

[jnbrw] 15/9/2004 11:47

always thought that as a pay-per-use cash machine operator, being based on the high street was a big disadvantage - why should users pay to wd cash when they can walk a little further and use a free machine?. Cardpoint has got the better business model imo - and even they are finding it tough out there. Can't see what is going to take these higher in the short term.

[ok,yah] 15/9/2004 11:30

Delayed large seller out there preventing smaller buys from causing rise. Seems fairly valued at best at this price. I cant see much of a rise from here as significant profits still not visible.

[andyh21] 15/9/2004 10:23

this was posted yesterday on M.AM

14 September 2004
Cardpoint (CASH) Buy (unchanged)

Mkt cap: £70m Net cash: £-14m Comment Price/Target: 116p/207p
Not generic

Cardpoint is not seeing the revenue weakness that was at the root of
Moneybox's (ATM.L) profit warning yesterday p.m. This brings into
focus the differentiations between the business models.
As Cardpoint approaches the end of its financial year (30 Sept) our
understanding is that its revenue trend through the summer months has followed
management's expectations. This is clearly in contrast to Moneybox (ATM.L),
which yesterday revealed that revenue in July and August came up short of its
budget and means that market estimates now have to be revised down.

We believe that differences in the distribution by type of location between the
Cardpoint and Moneybox could offer a major part of the explanation.
Cardpoint's estate is skewed towards locations along trunk routes, whereas
Moneybox has a greater high street representation. Moneybox's management
indicated they put the July shortfall against budget down to the poor weather
during the month, but after further disappointment during August looked for
wider issuers pointing to poor media comment on charging ATMs (but
remember the Nationwide campaign against charging last summer) and
crowding of ATMs (yes, there has been rapid growth in the number of charging
ATMs (now about a third by number, but these still only represent about 3% of
all ATM transactions).

One final observation is Moneybox's decision to buy out the operating leases on
its ATM estate and move its business model to ATM ownership. This aligns it
with Cardpoint.
Hector Forsythe [phone] [e-mail] EVO Securities is broker to Cardpoint
Year end Sales (£m) EBITDA (£m)
PTP adj
(£m)
EPS (p) PER (x) EV/Sales (x) EV/EBITDA (x) Revised?
09/03A 12.2 1.3 0.1 0.2 >100 6.9 65.0
09/04E 37.4 4.1 0.6 1.3 89.2 2.3 20.6 No
09/05E 69.0 16.7 7.9 12.2 9.5 1.2 5.1 No

Could money box become a takeover target for card point or another of its competitors?

[kanwar] 15/9/2004 09:26

News of a contract win now would help alot!!!!!!

[andyh21] 15/9/2004 09:04

well theyve managed to bore one guy into selling !

[guru11] 15/9/2004 08:44

Although we see increased turnover in the recent set of results, we also see increased cost of sales and higher admin. costs wiping out any benefit of the higher turnover. ATM need to address this in the future.

It is all blue today so far at 8.40am, the blue needs to continue for a recovery in share price, any selling and as said above we shall see 17 - 18p.
Holders are reluctant to sell now because they will be taking a loss, but a recovery could be slow as fundamentals are extremely weak on eps and pe ratio basis for the future at this stage.

[kanwar] 15/9/2004 08:33

BACK TO WORRYING ABOUT OIL AGAIN.....COULD SEE ATM SLIP TO 17-18P BID TODAY.

[mohamed99] 15/9/2004 08:30

still waiting to see blue since yesterday but no luck.......heavy buy volume

[mattyfromtheblock] 15/9/2004 08:15

If the buyers keep piling in, they should have no choice. This is happening to me with PCI too, maybe its just my bad luck :-p

[andyh21] 15/9/2004 08:09

mms dont seem keen on allowing people to make money on this share....that 20p is a brick wall at the moment!!!

[nilip] 15/9/2004 08:03

Expect some seriously significant buying today.

Check out yesterdays trades - buying galore !

Fallen way too much ...

Excellent buying opportunity ... wouldn't want to miss out on picking these up on the cheap ...

Expect recovery back to above the 30p over the next few days...

[guru11] 14/9/2004 20:57

What a couple of days. For a stock that was 60% owned by Ambient, which I doubted the ability of management, but it was a good job it they did not sell their shares now.
6 months turnover up 30%, at £20m for a full year this could be £40m plus,
capitalised at £38.8m now. Gross profit of nearly £5m, I am a bit worried about admin expenses rise which ex . exceptionals is £5m. I do however fear that the 2nd half also will not be very good. The turnover is on the way up, but so is the cost of sales and admin. expenses.

We need to hit £3.8m profit next year, for a pe of 14.5 (after a tax charge although no tax charge is due one should still allow for it in a normal pe ratio) - the profit of £3.8m I cannot see being achieved, in fact for 2005 we will be lucky to hit £2m, for a pe of 28.
There has been more buying than selling today, and this will continue tomorrow,
and we may even see a rise in share price, but the price at the moment is fully valued at this level. Bottom fishing could be dangerous tomorrow.

Roughly with turnover of £40m cost of sales of £29m and admin exp. of £10m without any more exceptions we could be looking at a profit of £500k this year.
Needs to watch that the future rise in turnover for 2005 is not outweighed by higher cost of sales and higher admin. exp's. otherwise the net profit will be poor next year. Doesn't look good to me.

[vision88] 14/9/2004 18:48

1 sale cancelled 165,425 now