News blog
Cashbox
- BY: Andrew Hore |
- POSTED: 07/07/2008 |
Cashbox has added 140 cash machines to its estate.
The cash machines operator has increased its cash machine estate to nearly 2,200 following the deal.
Transaction revenues in the six months to June 2008 were slightly higher than each of the two preceding six month periods. However, transactions per machine fell. Gross margisn improved in the year to June 2008 because more of the ATMs were ‘placement machines’, where Cashbox retains more of the transaction fee.
Cashbox is holding an EGM on 29 July in order to get shareholder permission to issue more shares. The shareholders are being asked to waive their pre-emption rights so that the shares can be issued more quickly. There are no indications that Cashbox is going to issue any more shares at the current time but the fact that these resolutions can’t wait until the AGM later in the year suggests that management believes it will need to in the near future.
At 6p a share, Cashbox is valued at £6.26m.
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