Snoozebox Share Discussion Threads

[21trader] 05/11/2014 10:14

Looks like it shake coming so little patience again.

[bill182] 05/11/2014 10:03

Delayed trades going through. MM's up to their tricks again!

[bill182] 05/11/2014 09:33

worth repeating:

Plans submitted for innovative accommodation solution for trainees
16.10.2014

Bilfinger Salamis UK has submitted a planning application for modular accommodation in support of its Skills Centre and safety training, in response to increased demand for its practical courses.

The Bridge of Don-based company initially opened its Skills Centre in 2007 as a staff-only facility to ensure all Bilfinger Salamis UK staff had up-to-date training, and could have their competency verified. Over 70% of the Centre’s business now comes from external clients from across the UK, as the energy industry addresses skill shortages, and focuses on having a fully trained and competent workforce.

The centre is now the only site in Aberdeen to offer OPITO-approved painting and blasting courses, and also offers a range of working at height courses, confined space training, and offshore “S-Cape” systems training, amongst others.

Bilfinger Salamis UK, which provides integrated, multi-disciplined support services and maintenance solutions to a range of clients, principally in the energy industry, trains over 8,500 delegates a year at the Skills Centre, and plans to expand its current training catalogue to include further industry-specific trades training in 2015.

However, a shortage of accommodation in Aberdeen, which will be exacerbated with the start of work on the Aberdeen Western Peripheral Route in 2015, means the company is looking at alternative options for those undergoing training.

“WITH PLANS TO WIDEN TO SCOPE OF OUR TRAINING WITH ADDITIONAL COURSES, WE ARE FACING A REAL PROBLEM WHEN IT COMES TO FINDING ACCOMMODATION FOR THESE VISITORS, SO WE ARE LOOKING AT ALTERNATIVE OPTIONS.”
Bilfinger Salamis Skills Centre manager Wendy Stephan said: “We have a large number of delegates travelling from outside Aberdeen to attend courses at the Skills Centre, with many coming from the central belt, or the north of England.

“With plans to widen to scope of our training with additional courses, we are facing a real problem when it comes to finding accommodation for these visitors, so we are looking at alternative options.”

Bilfinger Salamis UK has worked with portable accommodation providers Snoozebox on a possible solution for those receiving training.

Plans have been submitted to Aberdeen City Council for a modular, system-built facility using 45ft ISO shipping containers which are converted to provide ensuite bedrooms. The proposed facility would initially be open for five years.

The accommodation would be based at Bilfinger Salamis UK’s existing site at Greenhole Place, Bridge of Don, and would offer 80 beds for delegates undergoing training at the firm’s Skills Centre, which is located within 10 minutes walking distance.

The compact and cleverly designed rooms feature a full-size double bed and a bunk. The rooms are equipped with an ensuite bathroom (shower, toilet and sink). Each room has air conditioning and heating, LCD TV, free wifi access, power sockets, hanging space, storage drawers and a small desk, and are supplied with quality linens and towels. In addition, each room has secure key card access and a personal safe. As part of the proposal, a small social/break out space is also provided for the trainees.

Daily housekeeping would be provided by Snoozebox.

Snoozebox works across a range of circumstances such as events, construction projects, and in the affordable housing sector, with recent deployments including key worker accommodation at the Ryder Cup in Gleneagles.

Bilfinger Salamis UK Managing Director Hayward added: “Bilfinger Salamis UK is constantly exploring all options in terms of developing our business, and we are at the very early planning stages of a project.

“Our proposals would present a sustainable solution to this problem, and one which will allow us to expand our Skills Centre course offering to further address the skills shortage issue in the energy industry.

“The Snoozebox modules are not dissimilar to oil workers’ offshore accommodation. The proposal sees the facility built on land behind our main building, and in terms of appearance the building will look like many other buildings in this environment. The new accommodation will allow Bilfinger to better run and organise minibus pick-ups to the station and airport for larger groups of trainees.”

“A similar set up has been successfully utilised by a training provider in Newcastle, who built a facility onsite to accommodate delegates, so we see no reason as to why the Snoozebox modular accommodation would not be the perfect solution for visitors undergoing training with the business.”

“WE BELIEVE THIS IS AN EXCELLENT OPPORTUNITY TO SUPPORT THE ADVANCEMENT OF TRAINING FOR THE ENERGY INDUSTRY IN THE NORTH-EAST OF SCOTLAND.
Lorcán Ó Murchú, Chief Executive of Snoozebox commented: “We believe this is an excellent opportunity to support the advancement of training for the energy industry in the North-East of Scotland.

“The energy training sector obviously has a demand for temporary, but long-term, affordable accommodation, and Snoozebox modules present a totally self-contained solution.“

SHARE

[observer007] 05/11/2014 09:07

Another aspect I had not realised is that 65% of the share capital is tightly held between 9 major investors (including Soros)

On that basis the free float is only 63m shares when you take away the 7m Director holdings.

No wonder the stock moves quickly

I stand by my 3 month price target of 20p, giving a market cap of £40m, with net assets stated as £24m that means the trading business would only be valued at £16m

At the moment the trading business is valued at NIL !!

[bill182] 05/11/2014 09:00

Going higher. ISDX trades so far today:

05/11/2014 08:15 35,000 @ 9.75
05/11/2014 08:14 25,000 @ 9.425

[21trader] 05/11/2014 09:00

I pm UKinvestor to put that link in the header for isdx trades so hopefully he will if he is still around.

25k left at 9.75p

edit somebody just took that

[bill182] 05/11/2014 08:47

Are people finally waking up to the potential here. It promises to be a bumper month for news and I think the new Aberdeen hotel will turn a few heads when it is announced, probably at the time of the V2 launch.

Buys going through on ISDX as well this morning.

[davidosh] 05/11/2014 08:45

It starts tomorrow and a great opportunity to see a brand new snoozebox before the official launch..



SPRP,RTC,ZZZ,IDEA,PEL,SRT,SEA and Amati will be in attendance for the duration of the event and all will be delivering a presentation in the Company Theatre



The speakers include a who's who of the UK investment landscape with the likes of Katie Potts, Giles Hargreaves, Lord John Lee & Gervais Williams delivering keynote talks throughout the event alongside the 60 companies exhibiting, with many presenting.

[observer007] 05/11/2014 08:32

Still selling below 12p asset backing.

Directors recently put in £300,000 at 10p per share

Launch of next generation hotel pods this month with associated media coverage

Improving financials

Strong cash position, £8m in late June, £15m debt facility (unused)

The last run up to 17p was very fast, could repeat IMO.

[21trader] 05/11/2014 08:22

Here we go again and even 10k is full 9.75p offer going to test that double figure mark again this week if not this morning

[21trader] 04/11/2014 21:29

Thanks yamba for that.

All looking very good for this month.

[yamba] 04/11/2014 18:56

Launch of V2 on eve of 27th is in London, assume customers, analysts and journalists will be invited so hopefully a good reaction will result.

[bill182] 04/11/2014 16:29

I wonder if we will see some late reported trades after the close. There certainly seems to be an air of confidence returning to the stock, although it would be good to see the spread narrowing.

[bill182] 04/11/2014 14:43

Someone is certainly accumulating shares, I wonder when we will see an RNS showing a change in holding.

[bill182] 04/11/2014 14:19

lefrene - you are right that it will dilute existing holders, but we have more chance of seeing a re-rating of the share price if we have a healthy balance sheet.

[21trader] 04/11/2014 13:36

Nice to see 9.5p paid I'm still getting 9.4p to buy online

[lefrene] 04/11/2014 12:11

bill182, the warrants will dilute existing holders, is the extra cash worth that?

[21trader] 04/11/2014 10:54

Ah so that is where they hid the buy order shares ffs these mm's have so many aces up their sleeve...2 x 250k buys which match the large sales yesterday and the buyer wants more today. Got a good feeling about this stock.

04/11/2014 08:07 30,000 @ 9.15
03/11/2014 09:21 250,000 @ 9.25
03/11/2014 08:09 7,216 @ 9.7
31/10/2014 16:18 250,000 @ 9.2

[bill182] 04/11/2014 10:36

Trades still going through on ISDX, mainly buys by the look of things.

[bill182] 04/11/2014 10:34

lefrene - We know that the next generation hotel is launched this month, planning approval will probably be forthcoming in Aberdeen, the Eden Project/YHA Hostel is up and running, plus whatever other projects the company is working on.

The share price should be well past 10.00p by the end of the month, so I think quite a few of the warrant holders will exercise them, which will give the company even more financial headroom and should put to bed any notion that further funds will be required at this low price.

[bill182] 04/11/2014 10:25

Yes, someone is definitely accumulating. Quite a few sold yesterday in relation to the buys and the MM's were quite happy to take them.

Looking at the planning application for the temporary hotel in Aberdeen - 5 years, it looks like it will go before the Planning Committee in the next couple of weeks.

[21trader] 04/11/2014 10:22

going now 4 v 1 on L2 from 3 v 1

[21trader] 04/11/2014 10:18

Excellent limits here 200k bid 50k offer

[lefrene] 03/11/2014 13:23

Having gained access to £15 million of credit, would the management prefer to see the warrants expire worthless?

[21trader] 03/11/2014 12:39

You can sell 250k online. Bear in mind what has been sold this morning and you
are looking at a 7 figure buyer ie 1 million + shares.

There is also 150k available at 9.15p probably because of the 50k sales so super liquid zzz atm