Snoozebox Share Discussion Threads

[maurillac] 14/4/2015 11:13

well, envirovision, you seem to spend a lot of time here for someone with no interest and no intention to buy ... very strange i must say ...
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[envirovision] 13/4/2015 19:59

I think i would rate by experience below average mostly because the heat, its interesting other people are complaining about it being cold.

Clearly these things cant be heated or cooled very easy, but then given they are a steel box that wont lend itself to good heat resistance. I would have thought if you cant buy hardy porta cabins that dont fall apart then there is a gap in the market, however the solution of using a big thick steel box without windows seems somewhat dafts, talk about a sledgehammer to crack a nut springs to mind.

[observer007] 13/4/2015 19:40

To put things into some perspective Tripadvisor has 47 reviews about Snoozebox

33 were either Excellent/Very Good

9 were Average

5 were classed as Poor/Terrible.



Bearing in mind these were the old cabins I think that is a pretty good statement for the company.

The purpose of the event boxes is to be right near the action, obviously a little creature comforts may be missing but it beats camping on-site surely!

[lefrene] 13/4/2015 19:20

I have moved many things with trucks including porta cabins and hundreds of containers. The porta-cabins are light weight timber framed things mounted on a light steel frame rather like a caravan chassis. Then for carriage it is mounted on another steel carrying frame that clamps the porta-cabin together. Then you have to fix it to the flat bed trailer to move it, unless you have a purpose built trailer. The things are a bit fragile (the ones I have handled), you have to be careful to notice bad road surfaces and slow right down.

The container boxes are simple dropped onto a skellie trailer and four twist locks turned which takes seconds to do. You can easily modify them by welding stuff to them before they are fitted out, and just as easily grind them back off. The boxes are 8' wide and can come as long as 45' and an 9" in extra height for a 'high cube' box. A container can be moved hundreds of times with little risk of deformation or damage, I doubt a porta-cabin would last more than a dozen deployments before it was shaken to bits. Containers are plentiful everywhere and the actual box is probably about £4k, I don't know what a comparable shell porta-cabin would be, but I suspect quite a bit more than £4K?

It's quite possible if zzz get into temporary social housing, that they might look at alternative means of providing basic space, but for frequent deployment involving cranage, my money is on boxes not porta-cabins.

[envirovision] 13/4/2015 18:20

A shipping container is smaller, 9' wide but inside it has to be fitted against the corrigated wall so you end up with a lot less inside,certainly no more than 7.5'

In effect the portcabins which come in 9,10,and 14' standard sizes would offer more room, that was one of the points I was making although perhaps I did not make that clear.

I disagree about moving portacabins being semi permanent, they are intended to be moved and moved often.

Obvously some end up being in situ for years I agree, but then snoozbox yha eden seems pretty permanent to me as are a number of others, was there not a permanent silverstone contract once mentioned.

I think £37k a box is crazy and I bet its nearer £45 to £50K once shipping and installation costs are taken into account.

You are wrong about easily modifying them. You cant just go welding stuff on a finished box it would set light to the interior wall, this kind of thing needs to be done at manufacture.

I'm not an expert on portable cabins lefrene but I rather suspect you need to do some unbiased research.

Declaration: I dont hold any zzz shares and dont intend on buying any either !

[envirovision] 13/4/2015 17:02

hmmm looking at the web site it seems the new ones still dont have windows :(



If I ever have to saty in one again i'll be seeking assurances on quiet air con etc beforehand

[yesrupnel] 13/4/2015 16:46

Here is another story saying the oil industry is cutting back on recruitment of oil workers.

The first story was earlier this year in Aberdeen and now the Falklands

Falklands oil exploration stalled amid falling oil price

Snoozebox has large orders in both of these locations.

[envirovision] 13/4/2015 16:33

Are you sure, porta cabins are designed to be portable and shipped from site to site daily, practically every large building site will have portacabins for site offices, loos, security, even storage and bespoke things like canteens/restaurants and showers, of course they fit on the back of a lorry with ease and are certainly stackable.

All that seems to negate the point of a shipping container. You can understand the need for thick corrigated steel when these things are stuffed with thousands of tons of valuable goods and stacked 20/30 deep on a ship.

.....but thats just not the case here, hence why portacabins are the norm in this sort of situation.

Its no wonder this has already cost shareholders an awful lot of money to have kept the company solvent to the present!

[lefrene] 13/4/2015 16:08

It's the robustness and ease of shipping/handling that makes the box a winner, a porta cabin type of unit would be too fragile for frequent transhipment, and might need bespoke kit to crane them and transport them, instead of having readily available kit pretty much everywhere..

[envirovision] 13/4/2015 15:51

Indeed these would have been the older design so cant speak for newer ones, are they still made in shipping containers or are they bespoke nowdays like porta cabins?

I have to say given the work required to make one good, using shipping containers seems a bad idea and its no wonder they made a whacking loss on every one.

[lefrene] 13/4/2015 13:51

I guess these are some of the older boxes envirovision, but that's no excuse for such elementary problems. I guess the managers never try their own product in the real world? The noise on the roof could be easily solved with a stretched tarp, or something similar to take the impact of rain drops. There must be quiet air-con units out there to replace old noisy ones. It doesn't sound like an experience you want to repeat or recommend?

[envirovision] 12/4/2015 10:11

Stayed in the Eden snooze box. Used the double bed plus 2 bunk beds. It was small but well constructed, nice TV and enough storage for a weekend, a bit like a small caravan really.

However, no windows and boiling hot at night, there was air con however it made a right noise that (compressor humming etc) made leaving it on through the night impossible. As there were no windows we were forced to leave the door open, hardly ideal in the middle of the night for security of your belongings or children.

The second night it rained a little and that also made quite a noise on the roof, worse than a caravan. Another annoyance was when people walked past the boxes on the walk way you could feel it through the boxes transmitting the noise.

Portacabins would have probably done a better job than shipping containers and would have probably been more fit for purpose.

I think on reflection although it sounds good and very eco-trendy and hip, in practice the idea of building a room in a shipping container is flawed.

[salpara111] 11/4/2015 11:47

Personally, I am keeping them on my watchlist but wont invest yet.
For me I need to see them go cash flow positive and it would appear that they are still some distance away from that point.

[yamba] 08/4/2015 11:49

Hybrasil, are you unimpressed with the results or response to the results pls? I think they are a decent foundation personally...I've got used to muted price reactions in micro caps...

[lefrene] 08/4/2015 11:25

Seems to be coming good, I like the high level (50%) of long term placement of the older boxes, that means a steady income plus perhaps other service charges. It is now a business with separate income streams with high margin event hotels and another almost separate business in supplying long term on site worker accommodation. They have taken a sensible approach to overheads, no more exuberant chucking share holder cash at management indulgences. Another year should see this a lot stronger.

[envirovision] 08/4/2015 09:29

What happened to the G8 business then, dont follow why was that, was this some other company who got the contract?

[hybrasil] 08/4/2015 09:03

very unimpressed with the results. Now trading at about £6m above net asset value.

I hope I will be able to say good bye!!!

[pj 1] 08/4/2015 07:39

Same here Salpara, a fascinating concept which I hope comes to fruition. I found them impressive @ Mello

However, with those Results and outlook including Risks its remaining on the Watchlist for some time. Its almost but not quite Bargepole for me at this time.

[salpara111] 01/4/2015 14:59

been keeping an eye on this one for over a year.
I am keen to see the results which should be due in a couple of weeks before making a decision about whether to invest or not.

[bean02] 01/4/2015 13:48

Kumo breakout yesterday. Topped up

[goodapple] 20/3/2015 14:14

007: Licence to Ramp