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I wish i had your confidence in eve......as you may remember i'm the idiot who brought into this at 19p a share......never gonna see that money again this is doomed it ran off the back of Neil Woodford who backed it he's gone and this hasn't got long either sorry bud but that's the truth...as i see it
Does anyone really want EVE to be bought up cheaply by some other entity? What price 2p, 3p, 4p, 7p, 10p, 15p etc per share?
If they do what CC is promising to get to break even/ profitability in UK&I regions ( wonder how that’s going) and make inroads in France ( with minimal spending now) and a launch in Belgium it may bode well or possibly cautious approach? All needs to be very carefully managed with such tight cash reserves available— so building up a bit of cash would be a nice change!
But no wait I see we've just launched a new gingko diffuser lamp.....so maybe there is hope yet.
Maybe but I'd much sooner go out giving it a good go. The ambition here is non existent. All that is happening is a slower but more painful death of the business.
Under the old team they’d be history now. Bold, but historic.
I'm sure they are open to approaches but they need to be front foot and go make it happen. That's the problem - they're just busy with the nick nacks. They need to look beyond the 4 walls of the office.
They must be open to approaches. We know they are after Simba. Just no sign of an approach atm. Things can change quickly though.
At least under the old management they were bold and went for it. All of the third party deals (apart from DFS) were under the old team. The objective for this team feels like survival for another year so the employees can enjoy more time in paradise. Its painful watching.
All these questions should of been put forward at the AGM, but I personally feel they wanted it to quietly pass without to much resistance.
Eve mention that they're ahead of their competitors in the quest to become a sleep wellness business. This is presumably because in addition to mattresses, beds and bedding (that everyone stocks) they also stock other nick nacks such as candles. What % of revenue comes from these nick nacks? You can see from the recent investor presentation it's almost nothing. So they have no advantage at all just a smaller slice of the mattress market. The only way out here is to make a big move. Try and get scale through acquisition or put the business up for sale. Would make a great bolt on for a big player and they could strip out the costs. We'd do well vs these prices if it happened just not holding my breath tbh.