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I thought so, so not in the RNS. Thanks Yanis.
Like wyn says, it's the RNS that's what one should go on. Live and learn...
People have different views but I'm ok about waiting. I could move this cash elsewhere now and make a bad choice, only for eve to prosper in 2023. And we shouldn't have to wait till '23 for bigger clues than we've already had.
Retail Investor call with eve Sleep Management - Final Results
18th Mar 2021 at 1:30pm GMT
https://www.investormeetcompany.com/investor/meeting/retail-investor-call-with-eve-sleep-management-final-results
- Sustainable profitability in 2022
- Enough casbah in hand to get to sustainable profitability
Geeman, the fact that they are aiming for sustainable profitability in 2022 and the fact they have enough cash to get to profitability is in last tears final results presentation at the Investor Meet Company.
I agree with username here. The clues were in the December trading update and 2021 annual report there isn't any mention of being profitable at the beginning of 2022. In fact the statements appearing in both rns is that they want sustainable growth but not at any cost. I do recall earlier TUs referring to 2022 as the year they think they will achieve a profit. We are in January not December. The Decemeber TU put the writing on the wall. There is a particular poster here who has been writing BS at all hours of the morning. If you believed your own crap then it was always going to be a bad result for you.
I don't have time to go back through notifications but the 'sustainably profitable in 2022' was in the webinar only wasn't it? i.e. not in the RNS.
Obviously it has mislead us. But, from her point of view and she knows the figures more intimately than us, maybe she feels it's still true as she could have meant 'had they wanted to post profit' as a priority over investing in the business, to the long term detriment of the business.
I have confidence in CC. Compared to the old crowd she is a saint.
Definitely have to question the EVE boards wisdom and trustworthiness now!
This is all BS from the bod.
The narrative has been that they are choosing to be loss making is bolleaux
Simply put if they decide to stop spending would they be profitable?
Er no because if they weren’t doing shed loads of marketing revenue would be lower and what losses then?
She’s no CEO and is her marketing genius paying off?
The whole Friday drinks trolley thing looking a bit Boris garden party with cash position halved and Rev marginally up which for all we know may have happened as a result of covid anyway.
She’s proven absolutely nothing and she came across like a weak salesperson.
Totally lost interest in the fundamentals, feel stock will bounce and then I’m out.
Gla
CEO needs to understand that in a plc growth doesn't mean anything unless it is translated into Profits.
I sincerely hope CEO understands this concept very Quickly and adapts to the industry norm of Profitability.
summary for CEO
-Profit is Paramount to value any company, Not Growth
-if EBITDA were £2M per year that would give EVE £20M Mcap
as for continuity of Growth, there's no need to make excuses, Brand will sell itself with Digital marketing online.
- if they can show profits each quarter, then should they need to raise funds for say acquisition then Market is there to raise funds
hope all do well