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Primary Recommendation

Ambient Media - Moneybox strategic options decided

August 2003

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.

  • Epic Code:
  • ABI
  • Price:
  • 56.5p
In April, Ambient announced its intention to sell three of its four businesses before the end of next January. The stockmarket reaction was barely stifled yawns and this lack of investor interest partly reflects a feeling that this year’s results will be impacted by impairment charges relating to the disposals. However,  Ambient has already written off most of this and there should not be too much in terms of write downs in the current year. Meanwhile, investors are paying little attention to the remaining Moneybox business, where Ambient has a 60.1% shareholding. Moneybox owns and operates an independent estate of cash machines in the UK, Germany and the Netherlands, and is a substantial and fast growing business. There ar ...

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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.

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