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even a steady TU I don't think is gonna cut it this time. longer term investment than I thought. Hindsight hey. On the flip side, if this TU whoops it back to sub 3's ( 2's / 2.5's) then it will be great opportunity.... The market definitely hasn't been so eager this time. This would be more like a Wyn posting but I guess you're invested this hey... lol (tongue in cheek )
Go and review figures from Emma to see how huge the market is for mainland Europe.
1. We need a relative small amount of a huge market to see a shift into positive territory.
2. Mattress sector ripe for consolidation.
Bust or merge was the mantra within this sector 2019. Only the pandemic put a halt to consolidation within this sector.
Eve not showing any signs of bust. Quite the opposite. They are stronger, and with a broader reach into sleep wellness. Our name in Boots etc etc.
We have a CEO who understands branding and marketing placement.
Wongtogo - Have to disagree a little, it has been explained that the drop off in the french market was because they had not spent on Advertising there and had previously concentrated on the UK. we will find out how the cash spend has gone down over there tomorrow but either way this share was priced to destruction as large sellers took it down from the link 1p sale so they could sell out at any price...
The collapsing share price from 5.2 to the lows of 2.70 was down to the re-entering the french market, where just about everybody has tried to sell their mattresses and failed. I Am wondering what the BOD thinks they have better than the lads with money to spare? we haven't got money to go at a hunch.
It was truly a premature time to be messing with historically complex markets to penetrate and given covid/Brexit and everything that goes with it. What were they thinking?
I haven't seen anything from the french market to say they have made any headway. All I have seen is the complete opposite. So unless they have something up their sleeve, we will be joining the rest that got their pants pulled down and got a good slap in France and nothing to show for it other than a huge bill.
Whoever stays to the update will need nervous of a steal as this can trace back to the lows we were facing based on the same old problem no profit, no cash, no future.
All views welcome here Citizen. TU is 7am tomorrow.. If you're quick and read some history, you still have 2.5 hrs before the market closes. Not a ramp, just an observation. And if you aren't convinced and actually do hold, you could sell now too.
tomorrow you clown .... LOL
Not much news coming out of France, when's the next update? Six month snooze I fear.
Don't listen to him... He is in Orph and aint a happy bunny atm :)
Citizen, if it goes 2 2.5p that will be on the back of a poor TU. How does it then represent good value whereas today before we have that info, it doesn't?
You've heard of eve sleep now Citizen, and you probably hadn't a while ago. Recognition is important to eve :)
this is clearly only going one way in the medium term deepjoy 2.5 p in a week or two might represent value
Blimey! I hope everyone enjoys it like i do/did.
Its the RSI pattern in conjunction with the SP action. That seems to work pretty well for me.
A lot of the book is about the psychology of crowds and if you buy into that (and the book is pretty well researched) then it sets up the intellectual argument that justifies/underpins why TA can/should work. The book then gives all the most popular indicators and patterns so its a good reference
EVE is showing the classic RSI/chart pattern of having bottomed out and a reversal being in place. ( I was going to suggest Ben look at the EVE chart as an example of the pattern.)
I'll be very interested to see what you think.
Buts its an odds game and nothing (as we know) is certain.
PS. That TA book wyn, that you talked to Ben about, was quite expensive when I looked a year or so ago. It was in the mid- £30's I seem to remember. I returned to Abe.com yesterday and it's a lot cheaper now so I ordered a copy too (just under £8 inc postage). I hope I ordered the correct one!
I am really interested now, not only in the Eve figures, but also how TP performs in 'predicting' them.
I think all of that is true CI, I guess the only extra I would add is that it would seem to be reflected in the current SP which is at its lowest for more than a year,
So all of your post could be correct but if any side of it is slightly better than expected then we should see an improvement in the SP.
Even a steady as goes which is now the dull routine (are you reading this CC, get your maracas out while delivering the update. Give it a bit of Razzle Dazzle, this is one occasion where we don't want anyone to fall asleep!), should assure the market and the SP move up to at the very least 4p plus. (imo)
Anyway... tomorow... fingers crossed... (great investment strategy....)
I agree Deepjoy. I have little expectation for tomorrow's TU too. I expect as forecasted:
- Lower cash
- Higher investment
-Lukewarm like for like sales growth July/August/Sept (H2 last year was solid. So it's tough to significantly outperform last year h2 2020 which was already very strong)
- Inflation (Higher raw material & logistics costs)
- Addressing Delivery issues
Therefore, I am not expecting a positive update. But a nice surprise would be welcomed such as new product launches update. I share same that I am expecting better performance in to next year 2022 as we see results from the marketing investment. GLA, IMO DYOR.
The thing to remember with this company is simply that it has no debt, has cash on the balance sheet and a clear strategy to achieve increased market share using a wide concept. The CFO guidance in interview earlier this year talked about a reduced cash balance sheet given marketing costs and the one off benefits of reducing inventory.. So I am not expecting big things tomorrow but will do into next year and beyond as they gain traction. The market hates this ATM and like a liner this ship is going to take a long time to turn around; but it will and then we will see a proper re-rate.. I bought loads of shares the past few weeks and the reason is all of the above not for a spike and dump move ..
Indeed, but I like to think that by studying and researching over a period we have a chance of being ahead of the news.
The trading update tomorrow will put the facts on the table. Time will tell.
The total hasn't moved since the 16th (earliest date I have) , so it does appear that reviews aren't being added which constantly brings the 12-month number down (phew!). Maybe that's related to the change of domain earlier in the year. Anyway, it does seem that we can't rely on any data from this at the moment.
The totals could be comments V's smiley faces. Comments over the last 12 months are reducing yet smiley faces are increasing. If AV send requests then smileys should be real purchases. We tried clicking smileys but couldn't.
D-G, I'll try to get my head round those figures after my second coffee, because there looks to be some contradiction between the total and the annual running numbers. One point I picked up from the A-V site is that they send review requests to all purchasers.
So a cool couple of days leading up to the next trading update - whilst speculation is rife as to whether EVE Sleep Wellness are now doing ok or not - it seems many potential investors or indeed sellers of these shares are either waiting to the very last minute or perhaps will await the actual update on Thursday before deciding to buy or sell or hold.
It is noticeable at present that any share deal regardless of how big or small seemingly is causing a share price movement.So I’m guessing the stock exchange are really not sure how this stock will be priced come Thursday?
As always DYOR before trading.