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Share Name Share Symbol Market Type Share ISIN Share Description
Snoozebox LSE:ZZZ London Ordinary Share GB00B7D66J40 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.3575p 0.35p 0.365p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.4 -8.9 -3.0 - 1.06

Snoozebox Share Discussion Threads

Showing 2326 to 2345 of 2400 messages
Chat Pages: 96  95  94  93  92  91  90  89  88  87  86  85  Older
DateSubjectAuthorDiscuss
09/8/2017
12:15
There's a thought twistednik, perhaps their creditors who own the boxes have another outfit in mind? I don't know who else does this sort of thing, but major civil engineering companies must use this type of thing all the time, and possibly run sub-companies to supply their contracts. £45 million of tax losses bought for £7 million and you get a lot of useful boxes thrown in?
lefrene
09/8/2017
11:47
A quick thought - is there any value in the tax losses they've built up over the last few years ? I calculate c.£45m of losses built up. I wonder if another (profitable) Company could acquire the business for more than the debt as there is value in using these losses to offset their future profit? Not an expert on tax but trying to find an angle where there may be value in this business !
twistednik
09/8/2017
11:43
Yes, I suppose that's the million dollar question - at which point do shareholders simply say enough is enough and that they are not willing to continue funding losses in this business without a viable business model or visibility on getting a return ? Shareholders already diluted into oblivion from 6 million original shares to almost 300 million now! When the music stops there's no value left.
twistednik
09/8/2017
11:43
At current cash burn they little more than 6 months before the cash tin is empty. There does seem to be demand for low end cheap accommodation for temporary work forces, but that is very easy to copy, this business pinned its hopes on high end accommodation at events. Initially they seemed to do quite well in acquiring business but delivered in a very expensive way, costly purpose built trailers and so forth, perhaps an ego trip?. The high spending managers having filled their boots with shareholders money were replaced. The current lot are struggling with a pile of debt in a low margin game, that competitors can easily replicate at the bread and butter level. Since their stock of cabins now belong to their creditors, I wonder how long it will be before those get sold off to a phoenix operation?
lefrene
09/8/2017
11:23
It looks priced for bust at the moment, and they are clearly going to survive in the short term. Clarification of a funding agreement would be the real rocket of course.
hjfe
09/8/2017
11:03
HJFe - would be interesting to understand your views as a recovery play? Just took a look at the results and they look pretty dreadful: - decline in revenues (or only 8% growth excluding Falklands contract) - cost base reduced but still loss making with negative EBITDA - high debt levels (£7m) that look unsustainable - significant cash burn over a £1m in H1 points to a new equity raise required shortly. I honestly don't see any upside in the short-term and I think the value of the business breaks firmly in the debt (unless their IP is worth something). The problem with this business is it is difficult to scale due to the niche it operates in and the additional cost / cash required as you grow the business. Where is the return on capital coming from? I can't see it reaching break-even anytime soon unfortunately.
twistednik
09/8/2017
10:49
Very much out with the old here. I'm comfortable holding and would prefer a steady increase and not the usual spike and drop
bean02
09/8/2017
10:38
Looks like a potential recovery play for the time being - don't hold. Need to do some research first.
hjfe
09/8/2017
10:32
Making very good progress and yes as I do hold :-D
bean02
09/8/2017
10:20
thoughts on results, don't hold, will it survive, to multibag?
glennborthwick
08/8/2017
23:49
In percentage terms it is a lot lower that is true.
trentendboy
08/8/2017
15:25
Yea zero. Thats a lot lower surley?
my retirement fund
08/8/2017
15:06
Not sure it is possible for this to get any lower. Was always overvalued but I thought the business model may have a chance.
trentendboy
08/8/2017
15:00
I suppose the only function of this business now is to distribute any remaining shareholders funds to those on the payroll? I have noticed copy-cat operations on the roads, the most recent a low end offering 'Bunkabins', but done at low cost, two 20' boxes on a demountable rigid truck towing a cheap close coupled demountable trailer. Simply pull up, lower the box legs and drive the truck and trailer off to the next job that uses drop-boxes. But this lot now rent their boxes from their creditors, somehow it doesn't feel that it has much longer to go. Will we see a phoenix operation before too long?
lefrene
15/7/2017
23:40
They weren't "knowledgeable", Orange1. They were just ignorant rampers!
papillon
13/7/2017
09:00
Orange1: how did you know they were "knowledgeable" posters? And not just rampers or pretenders?
boonkoh
13/7/2017
08:55
At the end of June some apparently very knowledgeable posters came onto to this thread and told us that the Snoozebox shareprice was going to go to 1p, possibly to 2p. But now it is stuck at 0.305p. What has happened to these posters? Why the silence? Have we all been duped?
orange1
03/7/2017
12:16
who on earth was ramping this POS?
backtogo
02/7/2017
20:04
Awful results just from a very quick glance(as someone asked me to have a look), earning 2.4 spending 4.4 with 5.8 debt. Read cash notes for real shocker. BWTFDIK sideshow.
sideshowbull
30/6/2017
14:38
1p lol yeah right0p
backtogo
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