Stock-pickers dip into Moneybox

By THIS IS MONEY
Updated:

 

PATRICK Evershed's New Star Select Opportunities fund has bought 1.6 million shares or 0.8% of Moneybox and Giles Hargreave's Marlborough Special Situations fund has bought 1.93 million shares.

Since it floated in March, Mark Horrocks has bought 2.1 million for the Intrinsic Value investment trust and more than 200,000 for his own account.

Moneybox, which operates 2,500 cashpoints in locations ignored by banks and building societies, floated on the Alternative Investment Market (AIM) in March and raised £20m to bankroll expansion. The company's UK business has swung from a £7m loss in 2001 to a profit of £2m for the 11 months to the end of 2003.

The company says it enables ATMs to be located in places that do not attract enough cardholders to support a traditional cash machine, 'promoting consumer choice and wider accessibility to their cash'.

Last week, HBOS says it would sell 816 - or a quarter - of its ATMs for £45m to Moneybox's Lancashire-based rival Cardpoint.

Most watched Money videos