Boxhill (#BOX) back from suspension as (profitable) results published
- 2016-05-26 23:21:34
UK 17:27 Monday, 26 October 2026
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Both Tom and I have been critical of Boxhill Technologies in this year and the full series of articles can be seen HERE, so I felt it was appropriate to applaud a few baby steps in the right direction set out in Friday’s announcement “Corporate Update and Board Changes”.
With Boxhill Technologies (BOX) still in suspension, and plenty of comment already on this site, I didn't think there would be much to say for a while, but Tom's pieces on Avanti Communications (AVN) HERE & HERE got my Companies House antennae whirring and what do you know?
I was going to leave Boxhill Technologies (BOX) alone for a while, and at least until the audited accounts for 31 January 2016 came out, but the more one digs, the more ridiculous this becomes so I couldn’t resist writing a piece about its relationship with its largest “customer”, Eupay Group Limited. For completeness, the Boxhill series to date is HERE.
Our series on Boxhill (BOX) has clearly established that this stinking mess is totally uninvestable and that all directors of this company should not sit AIM Casino boards going forward. On that note - just three small additional questions for chairman Lord Razzall on the matter of when did he know that the FCA were about to warn folks against dealing with his company?
That was quick. A day after posting a series of articles on Boxhill Technologies (BOX) HERE, the company has been kind enough to provide an update on the issue with the accounts, a restructuring and more on the Emexpay acquisition.
Continuing my review of some of the strange features of Boxhill Technologies (BOX), having been somewhat confused by the fact that it appears that a dissolved company, SmartePay Limited, currently holds 6% of the business, I took a closer look at the shareholder base and came across Viltek Limited. You can see all our work on Boxhill HERE.
My previous piece on Boxhill Technologies (BOX) HERE raised an issue relating to the accounting within its subsidiary, Pay Corporation, and this piece explores the underlying payment processing acquisitions in a bit more detail.
In my initial piece on Boxhill Technologies (BOX) HERE, I concluded that it all smelled a bit funny but I wasn’t any more definitive that that. Well, with Tom digging out the additional information on the liquidation of 818 Limited, I couldn’t leave it there as it felt like an unscratched itch, so I’ve been digging further to try to understand the issue behind the current suspension.
A day at the ICE gambling exhibition was made worthwhile by the enlightening chat at the Boxhill Technologies (BOX) / Emexpay stand.
Philip Jackson was appointed as CEO of Boxhill (BOX) currently suspended - as noted here - on 24 May 2013 and was, according to the wimpish chairman Lord Tim Razzall, a thoroughly good bloke. Lord Razzall noted: "I am excited by the substantial opportunities that the acquisition of Poseve provides and I look forward to working alongside Phil, James and the existing team." Perhaps he should have looked at Phil's other business interests a little more closely.
As Shareprophets has a general affinity towards cats, I felt it was appropriate to analyse Boxhill Technologies (BOX) in the context of the most put-upon feline of them all, Schrödinger's Cat.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Boxhill Technologies (BOX), Densitron Technologies (DSN), Red Emperor (RMP)
