Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Do you honestly think, we will get a notification of a trading update via an RNS now that the LSE rules on notifications have been relaxed? I feel that the BOD sees the shareholders as an unconvivence, as most of them are way out of their depth. Even market traders know how to turn a profit bwtfdik.
Looking at the chart, in 2020 Feb, we were hovering around 1.25p and as low as 0.82p (brief 'spike' up to 1.7p) and that was with... approx £8.3m in the bank..
So, with probably less than half the cash in the bank now, we are 30% higher. I do think the market view is a little less bleak than pre-pandemic. Obviously that could change quickly, and either way, depending on news.
If things follow the 2021 pattern –
28/06/2021 Eve Sleep plc: Notice of Trading Update
16/07/2021 Eve Sleep plc: Trading Update
– we can expect news of notice of TU in just over a month. Actual update in 8 or 9 weeks.
If you believe sales are reflected in tp review numbers we are well down on direct sales from the eve site, but could be compensated to some extent by DFS. Eve spent a lot on making the French advert more than a year ago (model-makers etc) so that will have dropped out of the costs, and the new Channel 4 sponsorship was probably less expensive to film as the basic idea already existed.
We always knew that sales would dip once the shops opened after the pandemic but that eve would be a lot further on, thanks to the acceleration of online retailing. What wasn’t predicted in any way was Putin invading Ukraine, and the huge hike in the cost of living. Nevertheless, eve are still better placed than before the pandemic – so long as they can weather the current storm and then still come out fighting.
As for marketing and pricing policy / discounts, our CEO should know all about that as her background is marketing.
I’m following Argos. Monitoring began roughly around the time similar web updates so only around two weeks in. They sell more sleep away mattresses than anything else but still only in the single figures of sales in two weeks. Then its pillows, and finally mattresses – and that’s only if my ’system’ works. They are not selling a lot but Argos is only one channel of several (Next; Dunelm Olivier DesF etc).
France is ticking over nicely (https://www.avis-verifies.com/avis-clients/evesleep.fr?filtre=&p=1) while tp is sluggish as I say.
If they have cut costs and marketing spend, as the initial investment in marketing is the least efficient marketing, then there could be a silver lining of sorts.
It is not weird how quite a few of us here all thought EVE would do well from what was being said be EVE about them having turned a corner, turnaround strategy, and all in all a positive outlook at the 5p SP and now things are more ambiguous and not that much information forthcoming and the SP down to 1.6 p range?
How did we all judge it so badly; what has changed? Are there still to many discounts being offered by EVE and what about the spending of cash from 8.3 million down to the last announced 4.5 million? How has the business benefitted? Maybe another update from the management will happen along soon?
One would think if the business had progressed from the strategies when we were at above 5p this 1.6p SP must surely represent a bargain? Why have some investors sold?
Sentiment is dead. Anything to look forward to that will generate some interest?
Outside of the trading updates and regulatory requirements for half and full year reporting there is not enough engagement with investors.
As a result of this there is and always has been a lack of share trading liquidity which creates difficulty with momentum.
The other concern is cost of aim membership vs going private...placing at discounted prices with institutions that forward sell might help out the company with working capital / cash flow but of course this creates a downward spiral on top of a lack of investor interest.