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This is just getting like a nightmare, won't be sleeping snug to night
J1,
Still in 2 minds about EVE - mznagement is doing almost all the right things it seems (shame about revenue) but at the end of the day - overpriced mattresses?? Anyway, you don't go from being a hugely loss-making company to a profitable company in one year (especially with revenue not increasing for 6 months) so yes, funding will probably be required within 12-16 months (if not sooner).
Jackie..."This is only going one way up north" and "One Way Ride"....mmmm Sorry after that "Average to Poor" RNS last week due to Revenues going backwards... I really dont see this getting towards 10p again for a very very long time, If at All?? In fact it's going "South" at a great pace! Another 8% down this morning! ...next stop 5 or maybe 4p?
Hahaha, tell me how much cash they have now?
You’re still in need of some pair of specs read what they had end of Dec not Feb the TU is for last 6 months, when they did a placing and then work it out to June (six months)
Don’t try to twist and hide the information
Assuming that total cash was 18.5 millions and then now they have a cash balance of 12.5 .So current cash burn rate is just under a million per month.They have reduced the loss by 50% but revenue is falling too. So make up your mind.By the way can we trust BOD after all of this fiasco?
Read their anual report which was released in March this year , they had a cash balance of 6 millions and that is after they have raised 12.millions through placing.
You uneducated person go have a read at previous updates and stop playing your agendas for personal gains
Firstly they had over £17.5m on the 31st Dec - £12.5m at end June so the burn rate is not over £1m per month go get some better specs change the ones you’re using.
Secondly they have saved 50% of the losses in just 6 months for just a small reduction in revenue keep a 2nd pair of specs on the side
Thirdly they are on course to save full years losses you may now need you’re 3rd pair of specs
Argos, Dunelm and Homebase revenues are still to start H2 not included in the update, as well as most of the revenue from France, Campaign only started recently
Conclusion fully funded for the next full year taking Eve Sleep into a profitable company
Watch the space partnerships from large retailers from France coming our way and a few more in the UK are also signing off very soon
This is only going one way up north Woodford is not selling in the open market he will auction out to his connections just like he did on his last 16% holding
Fully funded company, on course to reduce full years losses with multiple more partnerships pending in advanced stage
One way ride
lol, go through accounts and then talk about going to specsavers.
should of gone to spec savers sham or did you not get your entry price lol?
Net cash in March 2017 was 26 million and they raised about 12 millions in January 2019. In march they released a statement saying net cash is 6 million.So in roughly 24 months , they have burnt through 30 millions. They are not making any profit and if cash burn is same then they are about to run out of cash again.So you make up your mind what is coming next.
it is trading at 6.7 for a reason and that is not making a profit.Instead it has been raising money at huge discount.Given the history of company and not mention of cash position, I reckon a huge placing is coming.
Building for takeover.....imho
More importantly who's the buyer ? with the amount of planning gone into the publicity campaign this should be a lot higher, and am glad am not the only one thinking that, lets hope its a directors buy should find out Monday
Delayed buy £169.37k@ 8.10
figures in RNS and that leads me to believe that results are not good and on top of that company has not given any cash position.