Review6 Nov 2014 10:00
Paul Scott review
Snoozebox Holdings (LON:ZZZ)
Trading update - There's a positive update from the company today. In my opinion the company is likely to succeed second time around, with the re-designed v2 units having far better economics than the v1. It also has adequate funding to build them, and launch is later this month.
I will have a chance to see a Snoozebox unit in real life, as they are bringing one to Mello 2014 in Derby, which is one of the things I am looking forward to.
No doubt the company is hoping the share price will move significantly above 10p, as then holders of the 10p Warrants are more likely to exercise them. The expiry date of the Warrants is 15 Dec 2014, so it's a close call now with the share price hovering at 10p offered in the market, 9.75p bid.
Lease financing is a much better way of growing the company, and a significant deal was done on that front for the first time not long ago. So the company isn't relying on the Warrants being converted, but no doubt it would help.
- See more at: hxxp://www.stockopedia.com/content/small-cap-value-report-6-nov-2014-csg-zzz-87521/#sthash.kbBX72vv.dpuf