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'at what price per share to buy EVE out 1-2p can't see it being much more' probably very true Soton. Like on eBay though, once somebody bids 1p then the other rival bids 2p and so on. We need two bidders who think they have a vision for eve and then they have to fight for it. But unlike eBay they are not going to let their emotion make them pay too much.
It's a shame that we are in this position, hoping for a few pence per share so that we've only lost half our money and not all of it.
Dontgive, the turnaround was going to show its merits but eve have said in the RNS that the landscape has completely changed now. Not eve's fault but they wouldn't have gone for FSP if they were definitely on the way to becoming sustainably profitable unless you mean 'as part of a bigger group'.
Correction * the turnaround is now showing its merits
Yeap it seems all the I initial start up costs and mistakes have been made before EVE now as as CC herself says the turnaround is not showing its merits and the business is definitely on the way to becoming a sustainable profitable business.
Valid point DG about an existing brand (Nectar; Simba; Emma) could just to increase their market share but at what price per share to buy EVE out 1-2p can't see it being much more but you never know
Thanks wyn, that does echo with what CC said, about marketing costs being high to begin with and then reducing as the brand matures. We are supposed to be getting to the point that the costs are lower and the business becomes profitable. Maybe that could be a silver lining in the FSP; anyone who takes eve on now faces lower marketing costs as the heavy lifting has been paid for. Better to buy eve than begin from scratch with a new brand. And an existing brand (Nectar; Simba; Emma) could just increase their market share knowing the marketing cost inside out.
At least this makes 7am's exciting.
Some good posts on the other share regarding 'MTD', 'DE' and 'Fib' etc; almost makes me think it might just work.. I need one of them to work.
DGU your last post ......"EVEs future may be so others will be too nervous to continue holding and you will jump back in when you think EVE SP is at it’s lowest and profit from others who have sold at a loss." Don't think it can go much lower do you?
DGU, think what you like, although your judgment up to now has been poor in my view so it might turn out I am "trust worthy after all.
Who knows. Who cares?
Me too D. I always remember my pal in the business saying that the costs of Internet and general advertising were horrific and were constantly changing due to search engine algo's arbitarially changing without warning.
And I think I posted (as others did for sure), on some result date, that it seemed that if you could not breakeven or sustain even a small profit in real terms on a £25m turnover that something was wrong.
I can only surmise that the "technology" that EVE uses is more expensive to produce than Emma does?
I just don’t think you are a trust worthy poster Wyn. My suspension is that the negative expression on EVEs future may be so others will be too nervous to continue holding and you will jump back in when you think EVE SP is at it’s lowest and profit from others who have sold at a loss.
I hope my suspicions are wrong though.
Time will tell how EVE fair - but it does not do any harm for concerned current shareholders to either seek reassurance from EVE directly or band together and raise their concerns etc.
Wyn, what do you think it is that allows emma to claim a healthy profit and yet eve haven't cracked it, despite no debt (or interest payments). It puzzles me.
Wyn you say
‘The only info we have is is hat there is not enough money to likely sustain the company and that without new funds the company is likely to dissolve.’
EVE have not said it cannot manage on its own to continue as a going concern if the FSP does not produce what the management thinks is a better way for the business to expand much more rapidly.
So I think you are not being accurate.
MY "idea" DGU was to be wary of this stock as it had not devised a business model that had so far worked. (I mentioned this years ago here.). It has not stopped me trying to trade this stock as its perfectly possible to buy and sell even on an overall declining SP (i have no facility to short stocks).
My "idea" is to by way of personal experience suggest a model when buying shares is to have a plan of which a fundamental part is to sell when the stock moves down against you rather than hanging on until it effectively becomes worthless or the financial pain is too much to bare.
As for EVE? who knows ? I don't remotely have enough info on any key metric to make any judgment.
The only info we have is is hat there is not enough money to likely sustain the company and that without new funds the company is likely to dissolve.
I accept completely that EVE could still be "saved" I just think it highly unlikelly
Wyndrum with nothing better to do on a Sunday afternoon than post on a stock BB that he does not even own. #nolife :)
What’s your ideas Wyn?
DGU,
I am not advising anyone to do anything.
I question your views because to me they make no sense based on the info we know about.
You suggested Eve don't know how to price their products, that the Finance dept don't know about cost control, that the marketing/sales dept don't know what direction to take EVE (ie overseas), and that they have few ideas about new products.
You previously suggested constantly that prior to the latest RNS that the solution was a share buyback to bolster the SP.
And now the latest idea is for PI's to band together to have some "clout".
Clout to do what exactly?
Eve need money. Unless you are suggesting a RI I am not sure what you expect Pi's to do?
People can buy or sell or hold here till their hearts content but I would never advise on which is the appropriate thing to do.
Just DYOR and make up ones own mind.
I think a Union Of Shareholders could offer benefits but everyone needs to decide for themselves!
GLA
Dontgive, if wyn wrote that he isn't invested but would be loading up if he had the spare cash; that eve was a great company just waiting to succeed, you would be recommending his posts. I don't see why he can't comment especially as it is sensible to be fully aware of the risks here. If anything, it's useful to go back to wyn with sensible argument – if there are such arguments – just to settle your mind that you believe in the investment you've made.
I dare say that, even now, if one of us discovered the 'killer argument' for investing in eve, wyn would be back in.
You really do have to let CC and the team run the company as they see fit or sell your stake. We are small shareholders. Octopus, Channel 4 and Paul Pindar might have a chance to influence events but you and I don't.
Wonder would there be any genuine shareholders here thinking clubbing together are various shareholding in a Union Of Shareholder so we could possibly have some clout with the overall business?
Had been expecting Wyndrum to show up!
Why can’t you leave current shareholders alone with their own particular views here.
You have said you are no longer an EVE Shareholder - I’m totally amused and baffled as to why you continue to be on this BB. But it’s your time to use as you wish I guess.
Honestly DGU, I can't work out if you are for real or just taking the peiss.
You have emailed EVE directly they have responded by telling you that they can say no more than the previous RNS for legal reasons.
Forget the one before the latest RNS.
The last RNS said that due to a change in economic conditions EVE would not meet its previous targets you keep referring back to. Thats it. Thats the latest position.
What more do you need to know?
And finally (and this is yet another example of why I wonder if you are just taking the ****), do you really, honestly think a PLC does not employ a finance director who actually knows about finance?
If you are genuine then please I beg of you learn more business before using your hard earned picking companies on their fundamentals. If you are going to use that approach you must to have a good grasp of company accounts, EPS, PEG ratio's, barriers to entry and a whole host of other indicators that will help pick the wheat from the chaff.
The board need to tell shareholders something!
CC said
‘CEO Cheryl Calverley says: “Delivering a third year of growth in revenues and marketing contribution in our core UK&I business, notwithstanding the many external challenges faced during the period, demonstrates clearly the sustainability of our recovery and the success of the rebuild strategy. We have managed and mitigated inflationary pressures and supply chain disruption throughout 2021, whilst the Q4 issue of Covid-related labour supply shortages primarily in our delivery proposition has now abated. There is no denying the challenges we will face in 2022 but the restructured business is in good shape, our offering greatly enhanced and our team as strong as ever.’
and also
‘’eve sleep is a truly exciting business, and Cheryl is determined to see the business achieve its full potential in the coming years.‘’
***
So shareholders need to be told more!