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LondonInvestor simply because I held a lot of shares previously in Eve but luckily sold at 8.5p on the day of the RNS where they said revenues where 8% down and Cash burn still very high! That was the End for me! and have followed their progress carefully since there IPO. You DONT have to hold shares to follow and post here do you?? I am trying to Help some of you "Daft" current investors who believe Eve's "Rebuild strategy" is working....when clearly it is NOT working. Eve said a few months ago "Sales would be H2 weighted", that was when they announced Group Revenues in H1 where -8% down.....Now they announce Revenues for the Year 2019 are expected to be 25-27 Mil from a guided £ 34 million.. SO Revenues expected to be a huge -25% DOWN NOW...SO clearly going Backwards Fast! Not forwards as after a Year you would expect. It was so clear a few months ago, when i first posted my major concerns and now after this latest RNS announcement IT HAS ONLY CONFIRMED MY CONCERNS TEN FOLD....Get Out while you still can as I advised you all to do at 5p! There will be a small rise next week so might be good time before Woodford "pulls the plug" on the company.
@jamieh22cc can I ask, considering you have already admitted to no longer owning any Eve shares, why do you continue to visit and post on this forum?
D-Geeman...You are absolutely correct... You are bonkers buying more Eve Shares and There will Definitely be One or more less Companies in the Sleep market soon...Eve will sadly be one of them as they are Spending way to much cash and Sales Revenues are down..No matter how much James Sturrock wants it to work he does not have a magic wand!! More funding will be required soon just to keep Eve aflot and Woodford will not be puting any more in....in fact It will probably be Woodford who puts the final "Nail in the coffin" for Eve by pulling out as he is with other Failing Investments he has made.
You may b right
Could be bonkers but just bought some more.. media say Sleep were in the stronger position so if merger failed it's because Eve walked away. I do believe James Sturrock wants this to work. Simba initiated the talks; might be one less competitor before long.
EVE Sleep is in comma.
Sell pressure will take this to a new low.. marketing burn and head count costs at this rate will require a capital raise and at this point they are not gonna get one without significant dilution. Company turnaround, costs cutting at the expense of marketing spend and correspondingly sales deterioration.