Snoozebox Share Discussion Threads

[papillon] 09/11/2015 17:31

A monkey armed with a pin and a copy of the FT probably achieves better results than most tipsters.

[smithie6] 09/11/2015 15:29

Another share Paul Scott has bt/picked ....big faller today..MOS Mobile Streams....-15-20%

[paul the octopus] 06/11/2015 09:38

now the summer season ended which they have most activities in, and share price moved around 50% from 6p lows, it is time for the turn around.soon(ish) to test 6p and will see if it holds.9 month till next summer, so plenty of time.

[smithie6] 05/11/2015 21:52

Papillon

...Paul Scott's notes today zzz results....

He questions whether the business model is viable....and whether it should be listed ( read my post earlier today phps !)..

But
Omits to say that he tipped it as a buy in the past !!!..1-2 yrs ago..causing it to spike to 13-15p...& he bought some !! (Later sold)

He was quite happy with the business model then !!

( at same time I tipped it as an avoid or sell ...my posts should still be there....

these 'famous' tipsters are not so good imho...

at that moment it was a terrible/ridiculous investment ( was on edge of plughole with heap of old version 'snoozeboxes')....better now than it was but still an avoid imho

( full credit to new MD & staff....achieved a lot. in a short time....and avoided the plughole
But that doesnt make it attractive as an investment imo...

[dozey1] 05/11/2015 20:10

Yes, OK, high risk and progress has been slower than hoped for with hiccups on the way. Maybe knocking out sheds from containers isn't new, but the thing about ZZZ is that it is actually doing it, and doing it well. Scaling up was always going to be expensive, and returns slow.
I liked this:
"... the Company has identified a broader opportunity in the events market and is further developing its offering to capture this demand. The Company is also confident that there is a sizeable opportunity in the semi-permanent market and has developed a leisure hotel model, workforce hotel offering and a temporary housing model. In addition to the opportunities mentioned hitherto, there is a strong pipeline and the Company has submitted planning applications for its first two temporary housing deployments on behalf of local authorities in London..."

With all the immigrants flooding into Europe it may be the 'temporary housing' model will be rather like the utility housing after the war, designed for 10 years, used for 50.
I'll be hanging on to my small holding, and look for more interest in their products as winter progresses. But WTHDIK.

[papillon] 05/11/2015 14:05

--------------------------------------------------------------------------------

Snoozebox Holdings (LON:ZZZ)

Share price: 9p (down 6.5% today)
No. shares: 211.8m
Market cap: £19.1m

Trading update - this update follows the now very familiar pattern of saying lots of positive-sounding things about the company, but then revealing awful financial results. This looks like a profit warning, so I'm surprised the shares are not a lot lower today;

Turnover for 2015 is expected to be in line with market expectations. The Company anticipates higher operating costs this year associated with the substantial increase in activity in events and the acceleration of the deployment of the original stock on a semi-permanent basis. It is anticipated that the mobilisation costs in respect of the five additional semi-permanent hotels, will be incurred prior to the year end, with the hotels ramping up in Q1 2016. As a result of these developments, the expected 2015 EBITDA level is a loss of approximately £5m. The revenue from the further semi-permanent deployments is expected to be realised in 2016.


Stockopedia shows the current broker consensus as turnover of £5.2m, but no loss forecast is given other than EPS of -1.7p. With 211.8m shares in issue that equates to a forecast loss after tax of £3.6m. So the indication given by Snoozebox today of a £5m EBITDA loss, would be considerably worse once depreciation is added, so maybe £6-7m loss before tax?

Overall then, it looks like quite a big miss, with losses a lot worse than expected. That's likely to mean yet another cash call, sooner or later.

My opinion - it's a really nice concept, but is still no closer to proving that there's a viable business here. It looks to me as if further, drastic cost-cutting is needed to get to breakeven asap. Whether it should be a listed company, is the big question? I would have thought its prospects would be better as a lean overheads, private company.

The share count has risen more than 4-fold since the company listed, so the share price probably won't ever get back to anywhere close to the price when it listed. That's the problem with dilution for businesses that are cash hungry. It hardly ever pays to buy the shares in the IPO for loss-making companies, in my experience.

563b3e9401827ZZZ_chart.PNG
- See more at:

[lefrene] 05/11/2015 13:00

It's almost as if they want to frighten off the small holders. The bread and butter will be the semi-permanent locations which from the numbers mention seem likely to generate circa £5 million revenue, before refurbs and maintenance costs. That leaves the events market as the icing on the cake, but no doubt there is still some way to go in spending on new equipment, and the event kit will have to be up to a high standard and be replaced regularly. My guess is that the business in due course will be sold as a going concern to a bigger player. From the price action of the past few months it seems that there has been a steady accumulator in the background. As per usual the private holders will be the last to know what is really going on.

[smithie6] 05/11/2015 09:52

FD stepped down recently....and opaque RNS today....

Disgraceful opque RNS...imho

But hey its AIM.....the home of corrupt Chinese listings and corrupt Globo , Quindell et al......so what can you expect.

----

Zzz

My views are similar to what I posted when Paul Scott tipped it as a buy. ( was a ridiculous "spin a coin" tip imho)...& share price spiked to 13-15p

- no barriers to entry imho...hence price competition for providing units for decent size projects is likely
( fitting out containers.....an old thing...not new)
- high set up costs consume income from short term events
- imho low chance of overseas expansion ( hence investment logic largely dissappears)
- depreciation costs
- maintainence costs hit cashflow
- cash generation needs to be big enough to cover these
-uk events season, weather limited, 4 months ??...but many costs are 12 months
- no dividend
- history of consuming cash rather than giving it out
- looks like venture capital investing
- FD recently stepped down.....& critical role & subject (money) from investor's viewpoint
- risk of x of more cash raising via new shares needed at some time ( 5M EBITDA loss), risk that reduces the share price if happens
- chart is poor ( failed to rise above 10p over months..now falling)
- H1. £3M loss on turnover of 2.3M.....Arghhhhh !!!

Plus points
Ask others !!
- high nightly rate is possible ( but there are a lot of costs)


...while there may be a demand for using containers for offices and/or accomodation......Im not convinced it is an attractive risk/reward from uk PI investors viewpoint ....noting high fixed costs of directors and being listed.

...( uk events market only last around 4-5 months imo.....but fixed central costs and cost of assets is there every month of year...)

..who knows...maybe a success in x years time....but not attracting me at the moment...& cant see that changing..

Fulltimeinvestors.com

[angus17] 05/11/2015 08:44

Having said that, rather surprised the share price hasn't tanked. Maybe not as bad as I first thought.

[angus17] 05/11/2015 08:34

Afraid business model doesn't seem to stack up. Another AIM disaster for me.

[norbert colon] 05/11/2015 08:21

Sold out of my very small position today having bought at 7p around a year ago. Agree with Michael's brief summary that they will continue to lose money and whilst I like the concept of the business, I equally prefer to have some cash for other things and will look for chance to perhaps buy back at lower prices.

[michaelmouse] 05/11/2015 08:09

Comment on today's trading statement.

[yupawiese2010] 21/10/2015 11:53

Despite the cfo departing analyst at Panmore Gordon re-iterate buy rating.

[gnnmartin] 20/10/2015 12:15

It sounds less that way when more of the RNS is quoted:
"Lorcán Ó Murchú, Chief Executive commented, "I would like to thank Kate for her contribution in the past year, in particular for her work analysing and developing the business model, and I wish her well for the future. I am pleased that Richard has accepted the position of Chief Operating Officer."

[paul the octopus] 20/10/2015 10:33

reads more likely she was sacked, forced to resign, not a good sign

[p@] 20/10/2015 08:00

20 October 2015

SNOOZEBOX HOLDINGS PLC

Management Changes

Snoozebox Holdings plc (AIM: ZZZ), ("Snoozebox") today announces two management changes.

Kate Ferguson, CFO, has decided to stand down from her role and will leave the Company on 31 December 2015. She remains a director of the Company until then. Pending the appointment of a replacement for Kate, Lorcán Ó Murchú will resume overall responsibility for the commercial and finance team and oversee the financial direction of the Company.

The Company will provide an update once a suitable candidate for the CFO role has been selected.

Richard Pisarski has recently been appointed Chief Operating Officer of the Company with management responsibility for operations, hotel services and procurement. Richard has been working with the Company for the past 12 months, taking a leading role on a number of operational initiatives to prepare the business for its next stage of development. Richard started his career in engineering and has held senior management posts across a number of sectors.

[jenniferzz] 13/10/2015 21:22

be perfect ever again)
be perfect ever again)

[yupawiese2010] 01/10/2015 10:47

Winning design competition article.

[yupawiese2010] 25/9/2015 17:01

The blow up hotel in use at Cardiff for the Rugby World cup.

[lefrene] 24/9/2015 11:52

Mopping up all those small holders who have got tired of waiting for news, I suspect.

[norbert colon] 24/9/2015 11:48

Indeed - I would like to know who they are buying from?

[lefrene] 24/9/2015 11:36

Looks like Kestrel has been putting in the floor here.

[jenniferzz] 08/9/2015 14:18

When I want your opinion, I will give it to you