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Firex - agree licensing Eve's brand could be the only feasible and low cost pathway to US but.. it's pretty much brand rebuilding from scratch in new market so I can't see why someone wud go down this route unless the licensing agreement is really good terms for the buyer. As for acquisition.. hope so, but can only hope haha.. I try to write-off this possibility and focus on value. The fact is 8mil in bank and market cap at 3.5mil with sufficient cash in bank is all that matters during these times.
If you click this – 'Get One Today: Check Pricing & Availability' – in the USA review you get this, on Amazon.com: 'The Eve Mattress, Queen by Eve Sleep Currently unavailable.' 'We don't know when or if this item will be back in stock.'
I can’t see it my self , I think we have a real possibly of them buying us out over here instead ! I think if we see more buying in from the USA we know talks are happening ..... So far last time I check there has been 3 share trades from them ! Last time we called a buyout off the price was around the 10p mark , that’s why this share price is a steal at this price .
Eve is not currently selling in the USA so it's weird there is an article based on this. IMO it would be suicidal for Eve to launch and sell in USA right now. Casper and Purple etc dominates significantly there; Eve would need a lot more money than current cash in balance to make any meaningful dent in the US market.
Hi Firex, you must post your review (minus the fact you have shares!) on Trustpilot. People love an honest review, especially in these times. We've had our Eve original over.. 2 years at least, and still just as comfy.
I'm a long term holder in eve and its been a thorn in my portfolio, but held on due to the restructure.
During the lockdown her in doors complained about our mattress, so I decided to take the plunge and put my money where my mouth is. So I bought the King Size Hybrid with 2 pillows, what's to lose with the 100 day money back guarantee. If I didn't like it I would return it and sell. Ordered on the Monday Evening, Wednesday the pillows arrived by Hermes with a text of ETA. The mattress came on the Friday, via Panther Logistics. I was constantly informed with an ETA and telephoned 30 mins before delivery. It was a 2 man delivery, so it wasn't mishandled. Upon unwrapping, I wasn't impressed by the look of it but after a couple of hours it expanded and returned to orginal shape. The smell was faint and lasted for around 4 days, but most importantly her in doors is happy. DYOR I have had more success investing in companies I've delt with. So I doubled my holding and I'm biting my nails for Fridays RNS. Good Luck
no, I would be surprised and delighted if it got back above 4p in the next 12 months. Up to 5.5-6p does seem to be a target and from here would represent a fantastic return. I base this on shop closures being accelerated and internet shopping accelerating even faster that it was previous to the crisis. But as the interview stated, its inches rather than yards in progress. The best short term outcome is for a re-rating based on the belief that EVE will not go bust in the next 12 months or so and has a business model that will actually drive the company and profits forward. The rerating gets us to about 2p and then the rest of the growth comes from further progress. (Just my opinion)
I think that's a very reasonable assessment, Wyndrum. She's suggesting the results will be positive - but isn't being irresponsible with her use of language before the AGM.
The key word for me is "momentum". Implies things have picked up and they intend to keep that going.
I have confidence in this company. It's a bit under the radar at the moment, amid the usual shenanigans with AIM's oil explorers, and of course the 'covid shares'. Unlike many of them, there's a fundamental business here. Glad to be here now before people take notice.
In that interview, imo reading between the lines, she is laying the groundwork for a beating of market expectations next week. ...Inches rather than yards, ... real momentum...She is saying what she wants to happen but if she reports a simple no worse than we were before, or holding pattern situation that will be seen as negative in relation the breakeven in Q4 result. Hence I think she lowers expectations now to be able to be more upbeat officially at the company meeting. (well, it makes sense to me....)
The trend being online is an old story, the shift in sales from offline will only increase the piece of pie and market share for Eve Sleep as they are pretty much a pure digital player. Covid-19 with everyone staying in has only accelerated consumer habits to buy mattresses and furniture online.
Recently invested here at avg. 1.38p. It was heading down for a long time, to the point of being oversold. But the chart trend is now very positive. Steady, but clear. I suspect the AGM on the 29th May will prompt a rise in the SP.
Aside from that, lots to like about this firm. Does one thing only -- and does it very well.
Efficiently delivered furnishings are the future for this sector. Eve's small, clever boxes obviously suit this. Plus, Covid-19 or not, the debate is over; people won't be travelling to retail parks anymore. Firms like Bensons for Beds etc., with their huge overheads and small margins, will find things very challenging in this environment.
Eve's marketing and branding seems savvy, and overall the company is well-tuned for the future. Lots of reasons I think this is a good value prospect.
Not the most glamorous share, I admit. But to me this a proper company that sells something tangible. Not a
Positive statement from our new CEO in the press pre agm.....
“We have the house in order, now we need to grow and grow in a sensible way – inches rather than yards – but with some real growth momentum. The growth engine comes out of the marketing team for a business like this,” Calverley says. “But good luck to my CMO!”
RE: Finncap Forecast and Covid-19 commentsTue 21:58
It may benefit from paying less for Google Ads at the moment given the cut-back in marketing budgets elsewhere. There is a need for an investment case here. Would be good to see a one page plan posted on the company website to make good a loss of 4.9p per share last year. Need to see some trading improvement for me to take my cash from under my mattress.