Member Info for busicat

Ah ha, 8% up now there's a couple of takers

spring is springing here. With such a low volume share, the price can spring too on very little buying, so will be interesting to see what happens if anyone fancies a nice little new ISA punt on the back of this morning's RNS and the imminent RUR payment.

I thought they were done for today, but see another set of 3 has appeared. It was 4x100k Tues and Wed, now standing at 9x today (if we count the initial one of 200k too). Starting to wonder if it's going to be looking more cheerful here again.

100k buys repeating over last 3 days?

Possibly even some minor profit taking riding the dip and rise, or exits from a few needing the cash since last rise and dip. Given great sensitivity of this share to low volumes, am reassured to see SP hold pretty well against sells into today's rise. Bodes well for the days approaching end March/ start April as time for payment draws near.

well someone seems to be picking up a few at 2.10p asif: tdw, TD Waterhouse I presume? ie in UK, TD Direct Investing

Another £50k in just now, still looking encouraging after results day large trades and £112K in director buys

Same, watching for along time, skipped the 600 chance. Just decided to get in yesterday afternoon. Agreed seemed daft pull-back. Was feeling quietly confident, but more so since you pointed out the director buys which I would have missed. Good luck

Well spotted thank you baron (Thought I was on my own here today)

£174k buy, And there was me thinking had noticed the nice results issued today.

£1.07m + £0.98m buys it seems at 10:42. Hard to tell if definite buys, though seems right for run of trades. Hope this means time to lift at last

Yes, looks promising. Though under the radar for investors, so presume will not move much on this good news until signs of the commercial rewards are closer.

I wondered that too. Glad to see the price hold firm as news exit-ers leave. And now a buy!

Nice one, thanks Ryan.

50% limit on upside for next 3months sounds OK to me. Will forgive if not reached by Xmas. One for the patient I think. At least now we can relax about future funding. And with the house broker target of 18.5p, claiming it's a 3 bagger, will content myself with just doubling my investment if it falls short of that.

Agreed. All heading in right direction IMHO. After last year's growing pains, stabilisation of the business model, strengthening of financial management and good bookings flow, with improved stock due out soon, this looks like the turning point to me.

All RNS's can be found from 7am at londonstockexchange .com/ exchange/news/ market-news/market-news-detail/

David Morrison, Chairman, added: "To facilitate the development and introduction of a second generation of Snoozebox units, which will be launched before the end of this year, the Company raised £10m of equity in the spring and that sum has now been supplemented by a lease finance package, announced today, of up to £15.6m. Whilst the benefit of the facility will have more of an impact in 2016 than next year, the additional financial muscle of the Company will have a notable effect on our ability to capitalise on the strong demand we continue to see. I am pleased that Lorcán Ó Murchú became Chief Executive in February 2014 and we have today announced the appointment of a new CFO, Kate Ferguson. These appointments have rounded out the management and give me confidence that we now have a strong team in place, which is capable of driving the growth of the business". Lorcán Ó Murchú, Chief Executive, added: "Following the completion of a business review in 2013, a new growth strategy was outlined earlier this year. In the period since, some key milestones have been achieved, which includes the provision of up to £26m of additional funding to finance the business plan. I believe the progress made in the underlying operating model in the first half of the year, combined with the launch of the Next Generation Portable Hotel in the second half provides a platform on which to transform the performance of the business in 2015 and to scale the business in 2016".

OPERATING AND FINANCIAL PERFORMANCE · Improved 2014 events programme in the first half of the year o Achieved consistently high occupancy levels with room rates ranging from £160 to £330 per night · Events for the second half of the year include the British Grand Prix, the Silverstone Classic, Glasgow during the Commonwealth Games, Edinburgh for the Festivals, the World Equestrian Games, the Moto GP and the Ryder Cup at Gleneagles · Turnaround in operating performance o Positive contribution of £0.1m to central overheads from the events division utilising the existing hotel room stock. This compares to an equivalent adjusted loss of £1.3m in the same period in 2013* o Central overheads (administrative expenses) reduced by £1.7m, to £2.4m from £4.1m in 2013 o £2.6m improvement in pre-exceptional EBITDA loss reduced to £1.6m from an adjusted £4.2m in the same period last year* FUNDING · Substantial new funding sources secured o Up to £15.6m lease finance announced today o £10.3m of equity raised in April 2014 with warrants attached o Funding to be used to complete the next phase of development and launch of next generation event hotel room stock o Cash balance at 30 June 2014 of £11.7m and net asset value of £24m PROGRESS ON MILESTONES IN DEVELOPMENT OF THE BUSINESS · Deployment of existing room stock is on track o Over 50% of existing room stock now committed to long-term deployments o Pipeline exceeds available remaining room stock · Progress in securing recurring positions at key events, having seen substantial growth in demand for three seasons. o Planning permission secured from the Isle of Man Government to build a 240 bedroom portable hotel for the period of the TT races on the island on a permanent basis o Five year agreement with Silverstone Circuits that will see the two companies working closely together to develop the offering at the racetrack · Next Generation Portable Hotel o The new Snoozebox event hotel room will be launched in November 2014 and ramp up of production of the new fleet will commence o The Company is experiencing high levels of rebooking, with over 50% of rooms booked for key events in 2015 that are on sale. The event programme includes a hotel deployment during the Rugby World Cup next year · International demand for Snoozebox offering remains strong: o Successful deployment at the 2014 World Equestrian Games in France in August o Preliminary agreement reached on a Snoozebox Fanzone Village for the 2018 World Cup in Russia o Active discussions ongoing for events including 2016 Rio Olympic Games and 2022 World Cup in Qatar · Management team strengthened o Management team strengthened with the appointment of a new CFO, Kate Ferguson and Head of Hotels, James Latham * In order to compare the performance of the

Surprised not more of a bounceback after these: Q2 revenue of US$134m, up 203% v Q2 2013 fleet expansion of 37% High utilisation Cash pile still OK pipeline remains strong, focused on securing a number of longer-term, larger-scale power projects in the Americas, Africa and Asia Pacific. leverage ratio comfortably within financial covenants MCAP well below NAV and price well below broker targets (apart from the Liberum cut issued before the interims). Am I the only one mystified?