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Without wishing to be unduly negative I wondered whether any other companies (a bit like eve) had got into trouble, to see how it panned out for them. I can't find anything similar. Just these two which are quite different:
https://www.companydebt.com/news/warren-evans-administration-london/
https://www.thebusinessdesk.com/yorkshire/news/2090642-mattress-specialist-acquires-foam-company-out-of-administration (Mammoth mattresses are still being sold; Foam was one of the manufacturers)
In a sense I hope the US investor wasn't Resident so that they might still show an interest. Still, just because it didn't work out a while ago doesn't necessarily mean that they wouldn't change their mind again.
Whoever it was we will probably never know the details of their offer?
Thanks for sharing D-G. You could well be correct that Resident were the interested party in the US.
Interesting read, if probably dates by now;
https://www.forbes.com/sites/joanverdon/2021/01/07/a-pandemic-bounce-mattress-retailer-resident-wins-sales-profitability-and-130-million-in-new-funding-in-2020/?sh=641a02054531
Better overview of Resident brands https://www.residenthome.com/brands/
Yes dontgive, eve appear to be catching them fast with TP reviews and also eve's web traffic is generally higher.
About Nectar https://wikimili.com/en/Nectar_Sleep
About Nectar's parents company – 'Resident' – and their various sleep brands https://www.residenthome.com including Nectar; Dreamcloud (mattresses); Sienna Sleep (mattress / beds etc); Awara (natural mattresses); Cloverlane (sheets and bedding).
I wonder whether 'Resident' were the US people who were in the original talks? Certainly eve should be a perfect fit in their portfolio so they'd have two brands in the UK.
EVE Sleep
TP review numbers ( though wish EVE would respond to the recent negative reviews) is now 11482 and Nectar is 11935 so the gap continues to close - difference 453! This may suggest EVE are doing a bit better than Nectar presently!
They burn cash quicker than a Bunsen burner on full blast
What’s going on here? More cash than mkt cap, half decent business, about to get a sale. Why on earth is it priced so low?
Aim, web traffic usually becomes available around the 7th or 8th day of the month depending on weekends, and if the Queen has a jubilee that month. I will certainly be happy to update :)
great news about the month on month increase DG. thanks for the update. Let us know when you know on web traffic stats.
Quoting myself: 'Nearly at the end of June and eve currently have 158 reviews, so could get to.. 170?, with a very fair wind, by the end of the day tomorrow. '
TP actually got to 171 (with May at 118)
Probably still a bit early for them to have worked out a takeover price, if there even are discussions, but presumably we should hear something this new month of July.
Apparently, Argos have sold another 14 sleep aways since I last mentioned them yesterday.
All ammunition to CC in the negotiations we know nothing about.
I'll be holding on now. Accept there is a risk of zero but still hoping we see a 2-3p offer. Possibly wishful thinking but prepared to let it ride nevertheless. DG agree we could see a spike on speculation/if the twitter teams come out to play.
Hopeful!
* hopehul
I’m still hopefully here!
Wasn't the March presentation 3 weeks after the Russian invasion? It was too early for them to know themselves exactly how it would pan out. Clearly we'd all discussed takeover (and eve had as they were asked about it during a Q&A months earlier) but I think they did believe in the company and didn't think a T/O would be necessary. I expect they are as surprised as us at the fall off in revenue.
Each to their own but if there's a sudden rally (it could happen IMO) I shall get 50% out. I don't want to get caught if there's a possible escape. That would be an error for me.
Thanks Soton ( I believed everything put out by EVE & CC and even watching the March presentation where she promised to get a EVE core business to breakeven or profitability ( and not a hint of them considering an FSP situation) and still am shocked at how EVE are now in this seemingly bad situation!
GLA
Don't know what to say really .....But admire your honesty just learn from this and invest in safer companies not sure where is safe at the mo might be best to hold fire or maybe drip feed monthly in to stocks or funds would say banks are a safe bet but i'm down in LLOY and HSBA best of luck to you and what ever you choose to do
... No is the honest answer Soton as I put everything into EVE - but feel a bit of a fool admitting it!
Or maybe I should say I am aware of the pros and cons of diversification!
Yes several other stocks but I am very attached to the EVE philosophy!
Time will tell how we all fare here.
GLA
DGU do you hold anything else in the market? i hold 15 stocks and a couple of funds mainly ftse100 stocks feel a bit safer the AIM market has a lot of risk but a very good upside if you pick a winner.....
I shall be sad though Soton.... if EVE are not able to become a profitable thriving company and I still think it to be potentially valuable asset and still would not sell willingly for less than 10p a share - but what will be will be.
When there was 8.3 million in the bank I cautioned then on spending and encouraged not spending more than was coming into the business and even then to add a little to the bank balance always too.
... sad about the opportunity EVE presented itself to the world then only to now be on this FSP situation!
DGU it's nice to see you realize the danger EVE is in I fully understand your commitment to EVE I like you and everyone just hope the BOD can pull something out of the hat but i won't be putting any more money here have lost too much already GLA