London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Don't give, they are not really free delivery, it's included in the price. But if everyone else offers free delivery then you look less attractive. When it's 'hidden' in the price perhaps the customer thinks they are getting a better quality mattress at £549 than at £539 plus delivery charge. They must have done the sums.. Her degree is in psychology :) I guess they charge as much as they possibly can do, in order to sell them against the competition – and hopefully make a profit.
Would a £10 delivery fee really put off many customers if they read the Which reviews and see EVE mattresses recommended highly by Which and is also confirmed by TP reviews mentioning the initial Which recommendations? But hopefully management have everything under control.
It would be nice to have all the directors seeking re-election today explain why they deserve to be reappointed as from this time last year cash spent from 8.3 million to 4.5 million. SP near 1.5p from 5p ish!!!! And then to ask for rights to be able to issue up to 1/3 more shares if they so wish?
Dontgive, I recall CC said that DFS deliver themselves so maybe DFS in Europe don't want to hold stock just yet, until they've seen how eve goes in the UK. DFS are in Spain aren't they? Could it be that they have limited space and want their own goodies there. There isn't any marketing of eve sleep in Spain (so far as I know) so the sales of a premium brand might be fairly limited if no one has heard of it.
I notice that DFS are down -31.33% since I bookmarked them on good results a while ago, and Dunelm -38.91%, since .. whenever.
In roughly the same period I don't think eve have fallen by much more.
I wonder whether it would affect DFS's ability to launch bids atm. Simba must be finding it tougher, as must the others (emma, Nectar, Tempur) these days. Profit is important but what's vital is to keep trading, and still be trading, when things improve.
with UK inflation suggested to be 9 or 20 percent —- perhaps staff redundancies and only selling lower volumes at full prices to maximum profit potential and ride out this inflation period slowly building up cash? Who knows; things may be going fine at EVE presently?
It does say at the end of the AGM notification about the directors stating they believe the points to be voted on are in the best interests of shareholders. Maybe they could expand on the reasoning and if so maybe we could all understand the boards logic too - possibly with a clear explanation we could all think the same too — but with just vague statements it’s not easy to interpret the exact meanings!
I could be wrong (perhaps if there's some sort of discount) but diluting the company by 33% and increasing the bank balance with the proceeds should (more or less) cancel out for us shouldn't it? So we would theoretically have less valuable shares but own more 'cash in the bank'. And the company would have more cash to invest?
We should end up with a smaller stake in a more successful company. If they aver do it, which they say they probably won't... (I bet they do, sooner or later.)
The problem would be if the added investment in marketing or product development (hopefully not bonuses and salary increases unless fully justified) did not generate any profit but more losses follow instead, so that the cash just depletes again. And even then a smaller stake in a failing company is not much more painful than a bigger stake in a failing company.
Don’t think selling 1/3 value of the company for 1 million pounds would be a good deal for current shareholders. Maybe someone could ask at the AGM why the directors are seeking this extra share issue ability at present? They had forecast a 1.6 million spend in their projected 2022 plan and stated they should have 3 million going into 2023 trading year —- and that’s only if they don’t actually begin making money to add onto the current bank balance.
Does that mean they are only permitted to issue one-third of the company's share capital (current float (i.e. 274,742,418 shares)) which means at current market cap (4.5m) and share price (1.6p), if raise at current share price then the maximum they can raise is 1.5mil? But usually rights issues are issued at a discounted price so it's likely they may only be able to raise about 1mil? That's not much is it?
I don't have the details in front of me but recall they said they don't intend to issue them (presumably they might, or what's the point) and the resolution would be renewed annually. I guess it gives them flexibility to reward as and when necessary rather than anything else.
If we trust CC (I do) then I guess she is doing it for the right reasons.
Lots in the media today on shortages of talented people for job roles. Might help explain why eve have been saying what good employers they are of late. I think CC spotted the problem fairly early, early enough to take steps to mitigate.
Definitely initially it was a disappointing set of results from what previously upbeat communications had been coming from EVE. The spend on French advertising during 2021 is highlighting as not producing the expected upturn in French sales at the time! Thankful the need for very careful spending now has been mentioned and so it seems it is now a slow and steady onward march by EVE. Yes the mention of shares issues is not what one would have hoped to read but is it so the directors can have the power to award themselves and the EVE staff? ( if so would like target SP set in here such as 5p then 7.5p and 10p bands etc I.e. rewarded for reaching set targets) or is it to provide EVE with the opportunity for a capital raise? Maybe some shareholders will be in a position to vote on the various points at the AGM?
Hi Firex. I hadn’t picked up on the location and any implication. I can only think that it’s a matter of making the meeting accessible to shareholders this year in particular, as the office in Camden is probably not very easy to have strangers walking into. FinnCap will be used to hosting such things regularly I guess. It isn’t far from the eve office so easy for the big-wigs to make their way over.