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Moneybox - Forecast of 3.8p for next year

June 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The UK automated teller machine (ATM) or cash machine market has seen a number of entrants emerge over recent years, and whilst some 32,000 of the 48,500 ATMs are still in the hands of the banks, two of the three significant independent contenders to have emerged have their shares traded on AIM. One is Cardpoint (137p) which following various acquisitions has almost 3,000 convenience ATMs in the UK compared to Moneybox (45p), which has 2,700. Both these operators are targeting Germany (Moneybox has over 200 ATMs, Cardpoint a handful) and Moneybox is also growing in the Netherlands (200 ATMs). Moneybox was established in 1999 and became an independently listed company earlier this year. Over the month we met with Paul Stanley, the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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