The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Cityal YU.energy fits that bill if you include the fixtures and fittings I find there is value in these companies watching the MMs trying to bully the shares out of the Pi.s pockets but at the end Booom
Orm final results not out yet so I don’t know where you getting the cash balance from.
They also have a 10m lending facility which is not cash in hand and would be classed as debt if used.
Oldtimer as you were asking ..... "still waiting for someone to point out a company to me with zero debt and cash at double their market cap". 'ORM'
Rre is another good play but need oil to recover which is currently going south.
Btw I hold both
RRE
Like I say no body know what will happen with COVID-19
I just look at the competition's marketing spend, and wonder what's going to happen to them when people stop buying their mattresses - we'll see.
quality reply..... obviously different ways of looking at the company.
RE - cityal
To be fair the current cash balance is actually 7.8 million (end of Feb). It was 8 million at the 31st of December meaning cash burn is now 100k per month (as per statement below).
'I am delighted that in the six months to 29 February 2020 eve has improved marketing efficiency 7 and reduced central overheads and is on course to deliver a significant EBITDA improvement in 2020. While there remains considerable wider market uncertainty over the rest of the financial year, we have a healthy net cash position of £7.8m as at 29 February 2020, no debt and a rebuild strategy that is delivering."
Since Sturrock came in (roughly 18 months ago) Eve has moved from losing 20 million a year to virtually break even. One figure that nobody seems to mention is the customer repeat rate, which has risen to 16% UK, and 17% France, so they are clearly gaining some traction within their customer base which the other mattress focused peers probably wont gain due to the nature of the purchase.
Whilst I agree that we don't know what the fall out will be from COVID-19, the other mattress sellers seem to still be operating the 'sales at all costs' approach, and what happens when people stop buying on mass? EVE is building a brand and sales based on people coming back to buy a variety of products not just mattresses. People may stop buying mattresses but they'll still need pillows and bed sheets.
I'm rambling slightly, but I suspect in the months to come we might discover that COVID-19 has a much bigger affect on the competition than it does on EVE.
With tr1 yeah it should go past 2p easily
Wow so chairman bought at 10p
just to add to previous...... the 2/2.5p share price is a short to medium term view, really need to get through the present crisis b4 throwing too much at the company. IMO DYOR
IMO 10p a shares is grossely overvalueing the company especially in the present market. Stating revenues is all well and good however EBITA loss 19.1m 2018 EBITA loss 10.7m 2019 .....with the disruption of the sales happening with present situation covid-19 there is a high probability of further EBITA loss for 2020 (if present situation continues which is an unknown and a risk which needs to be taken into account) EVE is fortunate enough to have a cash position of approx £8m, grace of a placing, this could very well be significantly lower by end of year if present climate continues. Efforts have been made to reduce overheads but they will still be significant. If all goes well and we get through the present covid crisis in good time there is a fair possibility the company will see some form of turn around, not to the tune of 5-10p a share IMO, a fairer value would be 2/2.5p however there are still alot of risks in present market conditions, add to that mattresses are a highly competitive market. I suggest people do the research and read the latest trading update in full contained in rns .