PYX Resources: Achieving volume and diversification milestones. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Whats your point Greg? That being right is somehow wrong?
That it was my posts that caused the demise of EVE?
You imo are exactly the type of poster who should be ignored. You offer nothing but deflection and insults while offering no insight to the actual stock that the BB represents.
No coincidence at all.. The only other share D GEEMAN posts on.. Happens to be the same as WYN..
I was wondering what would happen to Mrs D Geeman once this came to a possible wipe out conclusion. The answer was always easy. Just follow Wyndrum. You will find D Geeman.
Who clearly does not need to unfilter me as you can read it with your Wyndrum account :D
Disappointing outcome but really unsurprising given market conditions. Board did their best and 6 months ago it was looking rosy with the DFS tie up. I can’t really blame the Board, we’re all victims of the market downtown I’m afraid, simple as that.
It is indeed disgraceful. Huge loss for me. CC really screwed Eve up. Inexcusable, utter incompetence.
I could have saved about 5% of my investment and chose not to, my decision. I thought the two people buying and filing 8.3’s May have known something but as it turned out they were as blind as me, they just had a bigger wallet and afford to loose more. Lesson learned.
I wish everybody on this board good luck with future investments and hope that we all learned from this.
MF
The board deciding to turn down offers in the best interest of creditors . No surprise that shareholders who actually own the company get nothing . Sorry for all those shareholders who believed this BOD were acting in their interest but unfortunately this was always the way this was going to play out . Probably some behind the scenes arrangement for someone’s pal to pick this up for nothing from the administrators . IMHO
…
Lessons learnt
It's a shame good brand etc but think it's had it's day maybe DFS will come in with a late bid but agree with Holy if they do, it will only be 0.5 or there abouts per share GLA
Although I see a great fit with Argos / Habitat, you don’t see Sainsburys doing much M&A.
Personally I think the outcome is decided, and will be announced shortly. If there’s a deal, I can’t see it being higher than the 3 month range high of 1.1 (current 0.525).
In 2017, DFS bought Sofology for 17% of revenue, after Sofology reported a £(8.9)m loss. DFS had recently reported a downturn in footfall due to consumer confidence, but quoted they expect £4 million in annual savings as a result of the deal. The markets reacted positively to the deal.
On the flip side, a few months later, DFS acquired the assets of sofa maker Multiyork Furniture Ltd from administration, for a total of £1.2 million.
DYOR
Everything IS still available at Argos
https://www.argos.co.uk/search/eve-sleep/?clickOrigin=searchbar:search:term:eve+sleep
Has anyone spotted any sign of a deal being likely before Administration? I can't say I think it likely, having it go this far into October.
I suspect DFS would be the most likely suitors but they are leaving it very late as EVE have announced (why?) they expect the cash to run out in October ( we now 1/2 way through October). It puts DFS in a very strong position to offer peanuts say 0.25p a share and EVE would probably have to accept it!
Dissatisfied with the so called experienced EVE bod to have made the choices that has put the business in this situation and leave very little hope for longer term shareholders with either holding on and risk losing all or sell for next to nothing!
With evesleep-France closed down and distribution through Dunelm, Homebase and Next stopped. Will DFS be the last channel for Eve Sleep? Hopefully we’ll find out this week.GLA.
Edited Transcript of DFS earnings conference call 15-Sep-22
“our exclusive brands are a key way of differentiating our product range from the rest of the market and they broaden our appeal to a wider range of customers.”
“Turning to the home opportunity. We view the beds and mattresses segment as a key long-term opportunity to grow our addressable market for the group. With a market size of around GBP 3 billion per annum, our ambition is to grow our share in this segment to around 4%. Now we're able to utilize many of the group's existing assets, including our sourcing and manufacturing capability for upholstered furniture, our web and logistics platforms, our marketing expertise and data and our differentiated brand partnerships. With over 700,000 customers each year shopping with us already, many of them utilizing interest-free credit, we have a really strong opportunity from our existing customer base. Now a key element to achieving this strategy is to raise product awareness. And to that end, we've been investing in above-the-line marketing as well as digital marketing to drive awareness of the bed and mattress offer, particularly DFS. Indeed, we released our first non-Sofa TV advert earlier this year, focusing on our bed range. We've seen strong growth with our online bed sales increasing by 94% versus FY '19. In terms of our supply chain capability, we're using our existing customer delivery network and assets to consolidate beds and mattress deliveries in our large warehousing facilities in Milton Keynes. And we're going to continue to build our capability and foundation to support this growth opportunity over the next few years.”
“Question from Jonathan Pritchard from Peel Hunt. Two from a sort of space angle, really. We saw beds and mattresses on the Capital Markets Day at Milton Keynes. What's the potential for that? Has that changed? Or is there a potential for that to go into a number of more stores?”
“Timothy Giles Stacey, DFS Furniture plc - So take the beds and mattresses in stores. So we -- you've seen, we're trialing in a number of stores, different approaches to home, particularly focused on beds and mattresses. It's fair to say we're looking at increasing some of the space. We've put some mezzanines into a couple of stores to see how that works, and we've seen some encouraging signs there. I think our focus is online, to be clear. And we've massively increased the range of beds that we've offered across all styles and price points, and we're really advertising heavily digitally, and we're seeing some really strong growth there. So that's our primary focus, and we'll test and learn over the coming year about our in-store offer.”
For the first time, (that I can remember) bad reviews are in greater number than good. Shows what happens when you don't have enough CS staff (and what would've happened earlier, had they let people go earlier to save more money).
https://uk.trustpilot.com/review/www.evesleep.co.uk/transparency
James also has skin in the game, with 2.7m shares and c. 2m of share options. DYOR
James Sturrock, Eve Sleep Board Member and ex CEO, seems to be doing a good job at Tapi Flooring, recording their first profit.
https://www.thestocklists.com/tapi-plans-growth-despite-slowdown
Tapi’s biggest shareholders are Billionaires Will Aderley founder of Dunelm and Lord Kirkham founder of DFS. What an amazing network.
Hopefully James see’s the opportunity to finish the Eve Sleep turnaround he started.
There’ll be a couple more twists and turns yet!
Its a dead duck
Prices back up to usual levels.
All seems very peculiar :-)
I noticed that. The single 1 share trade was interesting, based on folklore, I was waiting for a big RNS to land :-)
seems like a day trader lost out a little today!
Wyndrum and Mrs d geeman still going on and on. What will they do of eve collapse. I suspect it will be on the same share chat thread!
Sorry to be so predictable (truly) but I just hope that you have learnt from this bad experience but your posts suggest (to me) that that is not the case. I try to think up different ways of seeing it from potentially EVE's POV to maybe accept that there may have been a different reality from the one that you can only see.
Do you think you will you do things differently next time?
Well I for one feel well and truely tricked by the EVE presentations to shareholders!
Was just thinking Wyndrum will post now and yes!
..... Anyway in 2020 eve post 2 million loss then in 2021 with higher turnover of 26.6 million ( with highlighted above 50% net profit margins) they make 3 million loss!
Will 2023 be 8.5 million loss?
DGU, they raised £10 mil, not £8.5 mil. The way they were going, even without the war the £10 mil wasn’t going to be enough.
We were meant to be in sustainable profitability this year, which meant a profit, or at least break even, for 2021. But this changed to break even for UK&I only ( before the cost of living crisis ) and France 3 or 4 years behind, which means losses until at least 2027.
Now, we are praying for a buyer. Hopefully one will be found in the next week or two - this is what we have left.