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* hopehul
Hopeful!
I'll be holding on now. Accept there is a risk of zero but still hoping we see a 2-3p offer. Possibly wishful thinking but prepared to let it ride nevertheless. DG agree we could see a spike on speculation/if the twitter teams come out to play.
Quoting myself: 'Nearly at the end of June and eve currently have 158 reviews, so could get to.. 170?, with a very fair wind, by the end of the day tomorrow. '
TP actually got to 171 (with May at 118)
Probably still a bit early for them to have worked out a takeover price, if there even are discussions, but presumably we should hear something this new month of July.
Apparently, Argos have sold another 14 sleep aways since I last mentioned them yesterday.
All ammunition to CC in the negotiations we know nothing about.
great news about the month on month increase DG. thanks for the update. Let us know when you know on web traffic stats.
Aim, web traffic usually becomes available around the 7th or 8th day of the month depending on weekends, and if the Queen has a jubilee that month. I will certainly be happy to update :)
What’s going on here? More cash than mkt cap, half decent business, about to get a sale. Why on earth is it priced so low?
They burn cash quicker than a Bunsen burner on full blast
EVE Sleep
TP review numbers ( though wish EVE would respond to the recent negative reviews) is now 11482 and Nectar is 11935 so the gap continues to close - difference 453! This may suggest EVE are doing a bit better than Nectar presently!
Yes dontgive, eve appear to be catching them fast with TP reviews and also eve's web traffic is generally higher.
About Nectar https://wikimili.com/en/Nectar_Sleep
About Nectar's parents company – 'Resident' – and their various sleep brands https://www.residenthome.com including Nectar; Dreamcloud (mattresses); Sienna Sleep (mattress / beds etc); Awara (natural mattresses); Cloverlane (sheets and bedding).
I wonder whether 'Resident' were the US people who were in the original talks? Certainly eve should be a perfect fit in their portfolio so they'd have two brands in the UK.
Better overview of Resident brands https://www.residenthome.com/brands/
Interesting read, if probably dates by now;
https://www.forbes.com/sites/joanverdon/2021/01/07/a-pandemic-bounce-mattress-retailer-resident-wins-sales-profitability-and-130-million-in-new-funding-in-2020/?sh=641a02054531
Thanks for sharing D-G. You could well be correct that Resident were the interested party in the US.
Whoever it was we will probably never know the details of their offer?
Without wishing to be unduly negative I wondered whether any other companies (a bit like eve) had got into trouble, to see how it panned out for them. I can't find anything similar. Just these two which are quite different:
https://www.companydebt.com/news/warren-evans-administration-london/
https://www.thebusinessdesk.com/yorkshire/news/2090642-mattress-specialist-acquires-foam-company-out-of-administration (Mammoth mattresses are still being sold; Foam was one of the manufacturers)
In a sense I hope the US investor wasn't Resident so that they might still show an interest. Still, just because it didn't work out a while ago doesn't necessarily mean that they wouldn't change their mind again.