Snoozebox Share Discussion Threads

[lefrene] 17/4/2015 12:44

Your 9p is nearly there Roddyb, maybe worth sacrificing 0.25p just to be rid of them?

[lefrene] 17/4/2015 09:55

Odd isn't it? Plainly a roll over of some sort, is it a holding broker up to something?

[orange1] 17/4/2015 09:43

Two 19m shares transactions going through. But 19m is some 9% of the company and more than any one holder is registered as holding!

Correction: the holding in question is that of Ignis Asset Management. It has gone through the hands of the Market Makers but has it gone to a new home?

[lefrene] 16/4/2015 15:10

It is French, the 'place of the ash tree's', a hamlet I once owned.

Heaven knows I've made plenty of mistakes too Roddyb. This business has yet to prove itself. I like the robust easily moveable and stackable boxes, I don't like the current high cost of a fitted out box. By now they should have this down to a fine art with welded brackets to take bolt on insulated panels, and templates so that a 45' box (or any size box) can swiftly be cut to take doors and plumbing. This should be a production line operation, whereas from the £37k per box quoted, I suspect they are being individually built.

Anyway somebody fancies it enough to take 4.2% of it.

[roddyb] 16/4/2015 14:48

lefrene (sounds like brakes in French)

I am absolutely man enough to agree with you, I made a mistake, I got carried away by a rally which was a school boy error - there you go.

I await my 9p

[lefrene] 16/4/2015 14:11

Thanks, that explains the mark up this morning. In the meantime I notice the USA is seeing a collapse in the demand for oil field temporary accommodation as fracking is unsustainable under $80 a barrel. Oil companies that were providing free trailer parks and catering have withdrawn all those perks and, the remaining workers lucky enough to still have jobs, are having to pay their own way. There are probably an awful lot of very cheap fifth wheel large caravans available in back of beyond USA.

[observer007] 16/4/2015 13:46

Tipped today in Shares Magazine.

Headline says...........

'Wake up to Snoozebox'

[lefrene] 16/4/2015 11:22

Another fan of porta-cabins! you should sell Roddyb as evidently you have made a mistake and invested in strong long life easily moveable containers and not short life, awkward/fragile to move, non stackable porta-cabins! (except with extra cost, slow to erect framing). Do it now, press the button, you made an error, these are not porta-cabins.

[roddyb] 16/4/2015 11:15

Well as an investor since Sept 14 (short period to some) I have lost faith.

The Local Authority angle is a white elephant in my view, as they deal with very large contractors that could do their own portacabin solutions which are superior to metal boxes. I thought the festivals was a good idea but after talking to people that actually go to these festivals, the glamping movement, they are pretty certain they want yurts and 2nd shabby chic furniture etc. The oil drillers in odd locations must be a good idea but then I notice the shareholder brochures always show stacked portacabins - looks like that has been sewn up. That leaves sporting events which probably justifies the business at this share price level

As soon as we get to 9p I am out - lesson learnt.

[lefrene] 16/4/2015 11:06

yesrupnel the oil sector is just one of many industries employing short term labour. There are large numbers of eastern Europeans in the construction industry that could be well served by having accommodation on site, and again the distribution industry uses high levels of temporary labour especially in the run up to Christmas. Thus there are plenty of opportunities outside of the oil industry.

We have yet to hear of any further moves regarding temporary housing for local authorities. The biggest threat to ZZZ is competition, since this is an idea than easily be copied. The expertise is in the efficiency of execution, and that can soon be acquired, as no doubt ZZZ has acquired it in the field.

The main advantage of this type of accommodation is speed, provided you have the boxes available. Being containers the equipment to move and lift them is widely and readily available, ZZZ don't have to provide their own kit.

[maurillac] 16/4/2015 10:57

fine by me yesrupnel .. i havent done any name calling ...
good luck with your investment ;)
m

[yesrupnel] 16/4/2015 10:51

Just a suggestion - could we leave the personal attacks out of the dicussions please?

By all means disagree on your views of the companies past and future and what it is doing correctly and what it is doing badly.

That would be very interesting for all of us on the BB (although there are that many of us that contribute but hopefully more are reading).

If I knew how well the company was going to do then I wouldn't be on this BB - I would be a millionaire by now! But I am prepared to put a small percentage of my portfolio into this one as it might do well.

But I at the moment I am on the cusp of selling my shares as I am concerned about the oil sector potential (not the existing contracts but I was hoping we would pick up a great deal more business from this sector over time but the oil sector recruitment in the UK is not looking good at the moment).

The newer design units are running late and will not be all available in the key summer/late summer events season.

And of course I would like a set of regular updates saying we have contract after contract - and we don't seem to be getting that news flow.

Obviously I want nothing but good news so I can make money and realise thats not how the real world operates on a regular basis - but heres to hoping and profit.

[maurillac] 16/4/2015 10:50

i havent made any "ignorant assumptions", nor am i "a trouble making troll". i am an investor in zzz (since june 2014) so have an interest here, unlike you it would seem !
i cant stand seeing people posting drivel about why they would not invest etc etc .. life is for living and positivity !
i prefer to read intelligent comment from those invested or considering investing.
i will filter you as it would seem the best option ...
m

[envirovision] 16/4/2015 09:57

maurillac I follow a basket of shares, this one I doubled my money on (only a small punt though) early last year. Not only have I made money here in the past I can also now say I have been a zzz customer.


Be that as it may, if you care to look at the last few hundred posts you will quickly see I don't devote much time following and commenting here at all.

Either you have jumped in with an rather ignorant assumption or are simply yet another trouble making troll with nothing better to do than annoy others than contribute to the discussion.

However if you now do choose the to enter the discussion, may I suggest you start with some interesting, reasoned and helpful thought instead of making ignorant assumptions.

[maurillac] 16/4/2015 09:41

"maurillac whats your problem? Are you trying to say that because i'm not a shareholder i'm not allowed to have an opinion or are you trying to insinuate something else as equally questionable or even worse?"
.
envirovision - of course you are entitled to your opinion. however i find it strange that you devote so much time to following and commenting on a share you have already said you do not own or have any intention of buying. if you aren`t short then what is your motive ?
m

[lefrene] 15/4/2015 14:30

I agree we don't know the details of the contract. The oil industry isn't going to disappear, but they will be looking closely at all ways of reducing expenditure. I believe that zzz will be part of those cost reductions. The boxes can easily be moved, but perhaps sewage and water connections are a little trickier?

[envirovision] 15/4/2015 14:18

lefrene thats a leap of faith, every contract would be different. To get the business zzz are going to have made themselves easy to do business with.

So they would have offered a keen rate probably on a week by week or month by month term with added set up/tear down costs.

This is clearly a market that looked promising that has now been shut down, its no secret whats happening on the ground. People have been laid off en-mass and many projects have been shelved for the foreseeable future.

[lefrene] 15/4/2015 14:11

I'm presuming that the oil company will direct people to its own accommodation, if the person wishes to stay elsewhere then perhaps it would be at their own expense? The company that has contracted this accommodation presumably saw it as a cheaper solution than whatever they were doing previously. ZZZ will have a contract to cover the period of use and is not renting out rooms by the night. When the period comes to an end, then either the contract gets renewed or the boxes get shipped to another location. That's the beauty of these boxes, there are plenty of skellie trailers about, the boxes can be moved very cheaply and swiftly. Current container haulage rates are circa £2.50p a mile.

[yesrupnel] 15/4/2015 13:53

Thanks lefrene for your views.

If they were being used for short term accomdation in the oil sector, say in Aberdeen, then as they cut back staff numbers (or expansion of staff numbers ceases) then they would no loner need these ZZZ boxes as there should be more available existing hotel/guest house/house shares available on the market so that would also -ve affect ZZZ.

Bearing ZZZ is a small company with less than £3m turnover then this change in the oil sector could be material on sales and profit.

[yesrupnel] 15/4/2015 12:16

I have a few concerns if they had identified the oil industry as a growth area for them (to rent out some old units) as that sector seems to be taking a hit - both in Aberdeen and Falklands where they have contracts.

The hit might not affect existing contracts short term but they must have been expecting some more sales in that sector.

That could hit revenue targets this year. I hope they have some more local council/health etc. contracts in the offing.

[angus17] 15/4/2015 11:41

just managed to sell 50000 very easily. Can't normally. Read into that what you like.

[envirovision] 15/4/2015 11:28

maurillac whats your problem? Are you trying to say that because i'm not a shareholder i'm not allowed to have an opinion or are you trying to insinuate something else as equally questionable or even worse?

[lefrene] 14/4/2015 11:25

You can insulate a steel box as easily as anything else envirovision and I'm sure zzz insulate theirs, or else you wouldn't get containers converted to freezers! How else do you think the worlds processed foods get shipped?