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Cheers wyn.
Dontgive, I think 13 people acknowledged reading this board when I asked a few months ago. Then there are fewer on ADVFN, and 20 or 30? on telegram (and some people on all 3).
So there must be a lot of shareholders who aren't aware of our conversations.
Us lot, current shareholders and regular posters. Would we have 3 percent combined? The major shareholders (including DN Investments - though they have not provided a 8.3 form) totals approximately 33.33%
So what do the other 66.66% think I ponder.
Do they read our posts - we probably come across a bit like the equivalent of a Coronation Street soap for the silent majority?
Hi D: I can't remember specifically the conversation but It was probably in response to the accusation that the MM's were rigging the SP.
If I am right then my view would be that by artificially depressing the SP, so many buyers would want to buy at the unrealistic false low level, that the MM's would end up have to sell at this low price and then to match it they would have to go into the market to obtain the stock to fulfil those orders and buy in at a higher price.
I do think manipulation in shares sometimes goes on but my experience says it is short lived and does not last more than minute/hours.
In a normal transaction which I think having EVE for sale is, then EVE may have a price that it thinks is fair and for the sake of argument, it may be higher than the potential buyer wants to pay. If EVE are confident this higher price will be realised maybe through someone else, then they will hold out. The potential buyer will also have to take the view if they wish to pay more and wrap the deal up in case someone else is attracted. Its much more like buying/selling a house.
What you want and what you get are not always the same and also not always in your control.
And that assumes someone wants to buy it in the first place.
I shan’t wiling be selling any of my shares for less than 10p a share.
And I have emailed and said this to EVE.
Wyn, can I pick you up on something :)
A long time ago (and I didn't comment at the time) you argued with some posters (MUST have been on AVCT!) that share price is dictated by the seller (I hope I remember this correctly) as the seller decides when they are willing to sell. I can recall nearly chipping in with 'surely something is worth what someone is prepared to pay for it'.
Now you say with eve plc 'you should know that something is worth only what some one else will buy it for'.
What do you think the difference is between individual shares and the company as a whole, when fixing the price?
(You are kind dontgive !
I just wrote this on 'guidance' if FSP fails:)
Can eve be sure now, absolutely certain at this moment, what they'll do if the FSP fails?
So if they guide now that if the FSP fails they will definitely a) carry on trading as usual till they go bust; OR b) make deep cuts and go on trading and not go bust; OR c) have a rights issue; OR d) something that no one has thought of.
And then they do something else; wouldn't we feel aggrieved at being misled by the guidance? I certainly would.
What if they said they'd take option b) and I liked the sound of that and held my shares and then they actually took option a), and I lost everything. That would make me pretty angry.
What if they guided option a) and then you sold now, only for one of the entities in talks came back later, outside the FSP, and offered to buy the UK part but not France and the shares shoot up in value? That would cheese you off immensely I don't doubt.
They probably don't know what they'll do. What if CC get's a good job offer next week and walks.. And the new emergency CEO does an about turn. Then what?
DGU, you are quoting me (which is fine) on old info.
At that time (3p a share I think?) EVe was still "on track" towards break/even/profitability and this new deal looked to be an accelerant pushing the price to I would have thought 5-6p based on the risk of failure being removed, and then a buy out premium to push it potentially to a 10p (all back of a fag packet stuff.)
However its all irrelevant since the LAST RNS.
And as I am assuming you must be completely ignorant of any thing to do with economics or business or any commercial activity, you should know that something is worth only what some one else will buy it for.
It has nothing to do with what you think is a fair price.
If you are so sure why don't you buy out EVE. You could probably get it for 2p a share?
Not sure how much info EVE can provide during this time as it’s maybe a ‘closed period’
Here is some info on the ‘closed period’
https://www.investopedia.com/terms/c/closeperiod.asp
Shareholders can perhaps let EVE know what they consider a fair share price point is ( as they may be negotiating) etc etc.
I’m sticking with 10p
Wyn also suggested in a February post with DFS maybe being a game changer 10p was a guide price in the near term:-
‘RE: Live in four working days.25 Feb 2022 10:45
Yes, its all up in the air now with the DFS deal!
How many extra sales will be generated and crucially, at what margin? Will it be enough to get Eve back on track?
I think when the SP was around 5-6p that was on the basis that EVE would soon-to-be profit making, so that I think is the short term SP target if CC can talk up positively the DFS deal at the results release.
If at the same time if she can somehow mitigate or reassure the mkt, the likely cost increases starting to come through then that would be a double dose of good news.
I had not realised (not following DFS) that they had a record of buying out smaller companies that they bought stock from.
Given I personally have thought that a takeover was the best solution for EVE then this does seem to fit perfectly as I think DFS could cut overheads quite substantially with EVE under their belt
If (BIG IF), this goes well I still see a buy out around 10p in the near term. EVE would have to demonstrate a good record of profit to get more I think and that would take another 2-3 years of results
Just speculating of course, but this is a game changer in the making I think.
(PS D: you're a good man to stick your head over the parapet the way you do :0))
’
Unfortunately D the charts don't offer anything of hope at the moment. The break below 1.75p was the last key move.
DGU, It's just I think mostly your comments are not based on a reality, in the sense you are asking for the impossible.
EVE have already told you directly and personally there is nothing further they can tell you. All future correspondence will be via RNS.
EVE don't have a moral duty to Shareholders, they have a financial duty.
No one was forced to buy the stock.
This is a tough game and a risky one and its compounded by the extraordinary sums PI's with little or no knowledge of the company, their market, or the financial markets they trade on, are willing to commit.
Here's a thought experiment.
Would you place £5,000.00 to win on an odds on horse at say, 1-2 (ie you would make £2,500) or £5,000.00 to win on a 20-1 outsider?
Or EVE could list basic news to reassure investors such as the plan after the FSP if it amounts to nothing.
I think the more concerned shareholders contacting EVE the better.
Wyn, I assume that the charts could hardly be worse from a technical point of view right now.
So in all probability the only buyers before any news will be those taking a small 'punt'. And the sellers will be people who've had enough.
It all leads to a falling sp but makes little difference to the outcome of talks; everything hinges on talks and their outcome.
According to Argos they are close to selling double the number of Sleep Aways in June that they sold in May.
correction * out of the blue
NB - it seems I just have to post any idea to have Wyndrum make a comment ( and Wyndrum is not even an EVE shareholder presently)
I think shareholders ( technically owners of EVE) have some basic moral rights to know the hard earned money they have invested and trusted the EVE board of directors to use wisely and carefully on their behalf to grow their investment whilst helping society with products to help them sleep better plus provide employment to the EVE employees and board of directors themselves have a right to voice there concerns directly to the company since the company are telling shareholders next to nothing but are happy to announce our if the blue ( after reassurance all was ticking along ok at the March presentation) this FSP!
I think the more shareholders who contact EVE via Mark Reed the better!
Email Mark Reed via
mark@c7communications.co.uk
There can be no material info that EVE/Mark can release to any individual as it would be illegal.
That type of info has to be released to the whole market at the same time as per an RNS
I'm not sure what Mark at M7 can add to what we know and maybe he charges eve a fee every time he has to respond.
Shareholders with concerns may be better emailing Mark Reed as he does EVE communications and seems to be fully aware of what is going on.
His email is:-
mark@m7comminocations.co.uk
( Would be obliged if anyone does they post both their email and any response from Mark)
Best to keep emails friendly and clear to any points on concern.
Radio silence will cause the SP to drift and along with it our pain will increase.
The Ask is now down to 0.75p and the Bid at 0.7p is about to be blasted out. Relatively large volumes being sold down here and we are in all-time low territory.
It's worth remembering that the very entities that might want to buy eve out won't be buying on the open market at the moment.
Also worth remembering that if an entity couldn't agree a price in talks with eve so, for them, the FSP talks foundered, I guess they might possibly decide to buy a controlling stake on the open market at the market price. Then they'd begin to buy. Maybe wishful thinking but by then they would know all the inside information on cash balance and the forecasts etc.
An oft-repeated cliche but I'm assuming we will drift until there is solid news.
Don't tell i, tell ee.
Haven decimated the share price, obliterated the SP, not to give an update on cash position and options on way forward (FSP being one of them) is pure incompetence, is inexcusable, is unforgivable.
We have very little idea of the sales at the moment and for the last few months. Nor do we know the bank balance. Have they paid C4 up front for a year's sponsorship? No idea..
The C4 sponsorship does explain the slight increase in TP reviews which is good.
Compared to 2020 are sales not up 7%. According to the published figures they are!
Just the first half on 2021 was EVE best ever — a very difficult thing to maintain or beat given the current climate.
So I don’t think we doing to badly actually.
'as derisory 3.6p' But that was before the sales flopped..
TP suggests a tiny increase atm but we haven't had review number as low as this since before the pandemic. Things have changed. Like the value of a car before a crash and then after a crash.
DFS have a history of buying exactly a company in this position and could probably have it purring like a kitten in no time with a few changes.
The FSP taking the SP to 0.7p is not obviously a way to create shareholder value if it only promotes DFS ( who also have a record of retaining management) to put in a next to noting SP bid.
In the right circumstances this company has obvious legs —- I see it as a valuable add on to a lot of other businesses but would hope the management have a plan to continue on before recommending a laughable share price —- it seems to me both CC and TP laughed as derisory 3.6p being even close to the true value of EVE on the presentation.
Not going to see 19p per share that's for sure....but yes if 2 bidders come in then who knows but think that's a big if.....