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'Cheryl Calverley
• 3rd+
ex. chief Executive Officer at eve sleep
1w • 1 week ago
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I've been stalling on doing this, but I felt the time had come to update my LinkedIn. 3 weeks ago, our beloved business, eve sleep went into administration, and was bought by the lovely people Bensons for Beds . For anyone out there who's gone through the horrendous process of systematically dismantling everything that you've spent a significant part of your life building, poured your heart and soul in to, you'll know how hard that is. Made all the harder because of the huge pride we felt in the business we'd built, in each other, our products, and the delight we offered our customers at every touchpoint. However, despite the pain of the past 6 months, our pride has remained. Through the most challenging professional period of our lives, this incredible eve sleep team continued to support, care for and encourage each other, remaining awe-inspiring in their passion, optimism and comitment, right to the end. When we set out to build eve into the world's first sleep wellness company, we set out to create an environment that would lay down a gauntlet to other businesses, and a benchmark in people's minds as to what a great place to work felt like. A place of challenge, support, creativity, inclusion, a place where the work felt meaningful, where the individual and all they can bring was valued and encouraged to thrive, and where the importance of happiness and optimism in daily life was enshrined in our values. A workplace that made sure you slept well every night, even Sunday. So thank you all, team eve, for your love, laughter and loyalty. You're a goddamned brilliant bunch.'
Pity there was not financial awareness by CC and her brilliant team who ended up bankrupting EVE as a stand alone business and ruining a few shareholders lives in the process who believed CC and the board were the experienced business people they claimed to be!
I agree DGU, it reads she was more focussed on the "team" than her actual responsibilities.
(I remember posting a good while ago that she seemed more concerned with staff days off/good times/bring your dog in/ have friday drink etc etc and said that I hoped she was putting enough thought into actually running the business.
All you can do is take lessons from this and be aware if you think history is repeating itself.
Morning all, never again Wyn - lesson learned. Dipped my toes in to both made.com and Joules but when the word admin was mentioned bailed straight out.
With MMAG the last TU was not really that bad. The damage to the SP was done when a large shareholder decided to bail out. However, another one (Schroders) decided to take the opportunity to load up. The BOD also dived in and bought heavy, with one of them buying a very large amount, in excess of a million shares. All insiders are heavily invested.
They have finished building the SMARTDdrop kiosks in Asda stores and also entered in to supplying and maintaining business IT - smart phones, tablets, etc. Stagecoach is their first one. They are expanding.
They have a £30 mil revolving credit facility.
The IPO was at £2. Last Feb the SP was higher than 160p and a couple of months back higher than 50p. I don’t expect the SP to get back up there any time soon but high double digit is doable.
This is not a solicitation for anyone to buy, just my opinion, please do your own review.
It's not just eve coming unstuck though, it's happening to a lot of formerly 'good' companies. If the landscape had remained the same then CC's plan might well have worked.
What happened is more like a sudden downpour during an F1 race. All the cars with slick tyres have spun off or are driving at walking pace. (So Lewis Hamilton hasn't driven his Mercedes into the barrier because he got a free breakfast on Wednesdays, along with his dog, in my opinion :-)
I'm not sure what eve could have done to cope through a period when many fewer people would be buying their products. Admittedly, had CC been more ruthless it would have delayed the day of administration but do we think that eve could have prospered – even survived – through the cost of living crisis without the deep pockets of a much bigger outfit?
Cheers Yanis
Despite her (CC) head full on ideas and her verbal enthusiasm for EVE CC and TP the financial overseer of EVE should have stepped aside after they could see despite their efforts the cash in the bank was just draining and draining. If such a move had of occurred we shareholders may still of had a company belonging to us!
DGU, fwiw, I would give it up. a couple of us are just using this BB to keep in touch and to share maybe ideas to help claw back some losses.
Eve is over, there is no redress, your money has gone.
Thanks Wyndrum; if you have any good share tips to help please share.
As always DGU, it depends on what you expect and over what timeline. broadly, its the bigger the risk the bigger the prize.
I think you may have heard me mention AVCT before. Read the RNS's, but the first part of the trial is coming to an end and results should be out by year end. They are a bio tech that has "developed"(is successful) a reagent to minimise the side effects of chemo. (Apart from it being awful, it actually kills you, so its not a question of enduring the very unpleasant effects but afterr about 6 treatments or so the heart is so damaged you have to stop. This tech stops all that. So you can see the market potential.
The price per share does not reflect this yet as its "unproven" but it looks to be working. Imo, Do not bother contributing to the BB as it is Lord of the Flies writ large and they assume all new posters are trolls.
A big drawback (as we all know is backing loss making companies as this causes instability in the SP but AVCT have just done a cash raise so that should not be a problem.
Its exciting for sure and the returns over the next 12-36 months could be spectacular.... but..... its never done until its done.
Other than that over a 5 year view, I like WOSG which i think will either double or treble in price, or again more speculative, it might be worth looking at BMN, a relatively small miner but has a specialised resource that looks like it could be in demand in the near future.
Always, always dyor and never bet more than you can afford to lose.
Much appreciated Wyndrum. One company I think now looks good as they announced a 1.6 ( plus inflation costs to be added) pounds deal is Harland and Wolff Plc —— but in no way an I recommending to anyone as shares can be risky! Any opinion on H&W Wyndrum?
Well, having had a quick look I hope you were already in DGU!
Obviously this big order although over some years and a couple of years to start, nevertheless looks to have given it foundations to continue and therefore de risks it as a holding. (Right now its is over bought but that won't take long to unwind (maybe about 17p) and a target of 50p would seem worth aiming for.
But thats just my opinion from a chart perspective right now. Longer term if defence spending is likely to be sustained then other orders from other nations could well follow. Anyway, longer term 12-60 months looks set for good growth to me, (but what do i know). Good luck!
DGU, H&W is a good one IMO. Been following this for a while now and unfortunately when it was down to 5/6p I had no spare cash. Now kicking myself for not cutting Eve losses and putting the money in HARL.
The time to now get on board is on a pullback and generally I agree with Wyn’s analysis. The SP may drop down to circa 15p before moving back up. Need to keep an eye on the chart.
More good news can change that but not likely before this contract kicks in and H&W gets the £77 mil investment fund to bring its fabrication yards up to date. Anyway, fearing news, getting FOMO, and diving in too early can result to a kick in the teeth. If news comes before entry, then let it go IMO and look for something else.
Thanks Chaps.
DGU,
https://bit.ly/3OpaC9y
H&W CEO interview discussing the £1.6 billion FSS contract, project timelines and other prospects. Interesting.
I will keep watching this and at circa 15p I will jump onboard. Will sell another share if I have to. Interesting to note that they also have a gas storage facility in Ireland and judicial review on it is in January.
Just bookmarked H&W. Thanks all. I did notice you on H&L a while ago dontgive. Then started to see the news appear.
You don't hear many people talk about RUA, which I have a smallish amount in. Their vascular graft will be very successful if they get FDA approval. I bought much higher but my hope is rekindling.. Might be worth bookmarking it yourselves. Here's a recent update:
RUA NARROWS LOSSES AFTER STRONG FIRST-HALF SALES
(Sharecast News) - Medical device group RUA Life Sciences said in an update on Monday that trading in the first half had been "strong", with revenue ahead of expectations.
The AIM-traded firm said sales including royalties for the six months ended 30 September increased to £1.1m, representing year-on-year growth of 56%.
Royalties for 'Elast-Eon' increased to £187k, making for an increase of 20% over the same period last year.
Contract manufacturing revenues increased 66% to £0.92m, meanwhile, which the board put down to increased sales volume in the period.
The group said it was "tightly managing" its resources, with cash and cash equivalents at period end on 30 September of £2.5m, down from £3m at the end of March.
Additionally, it said that during the period, a research and development tax credit claim of £0.33m was submitted to HMRC, which was expected to be received "in the short term".
Group losses for the period narrowed by 15% year-on-year, to £1.1m.
Operationally, RUS said its key regulatory and clinical programs were progressing, with its focus on progressing the US Food and Drug Administration (FDA) pre-submission of its range of Elast-Eon sealed vascular grafts.
The discussions with the FDA to date were described as "constructive", with an agreement on the clinical endpoints and the duration of the required clinical trial.
It said the last outstanding point related to statistical analysis, with RUA's proposal based on the preferred FDA methodology currently under consideration.
RUA said it would update the market on the details of the agreed regulatory process in due course.
"Our biomaterials and contract manufacturing businesses have performed very well over the period, which has further assisted in the tight control of cash, resulting in a strong cash position at the end of the half year," said chairman Bill Brown.
"The outcomes of our discussions with the FDA have been positive, if taking a little longer than we would prefer, and I hope to be able to provide more details on the scale of the required trial relatively soon."
RUA said it would announce its interim results for the six months ended 30 September on 12 December.
At 1620 GMT, shares in RUA Life Sciences were up 4.35% at 36p.
About RUA:
Our vision is to improve the lives of millions of patients by enabling medical devices with Elast-EonTM, the world's leading long-term implantable polyurethane. Whether it is licensing Elast-EonTM, manufacturing a device or component, or developing next g
At this rate we will all end up with the same portfolio's!
GL
Thanks Chaps.
Anyone any thoughts on buying into Tesla ( weak pound would not be favourable) but it seems a good low entry point just now?
Not sure if H&W will drop back to the 15p Yanis but shares are unpredictable and tricky buggers so one never knows! You did well with Music Magpie. But like myself still extremely underwater after believing in CC & Co!
DGU, next news on H&W are going to be in January, the judicial review. A couple of months is a long time for in these markets so going down to around 15p is probably going to happen.
As far as Tesla is concerned, if you are thinking about it I would wait for $150’ is the next support.
Oh, I did mention before I am also in BOIL, in at ~0.14p and I am on that atm. I am aiming for at least 2-3 bags out of this one.
They just had a placing so is derisked for now.
don't know if this helps DGU but sometimes if I see a stock i think has lots of growth but also a good chance of retracing I put in half at the current price then if it does fall back put the other half in. If it does move away and never does get to my 2nd, lower target then at least I have a stake in the company and have not missed out too much.
Not intended as advice by the way.
Thanks Wyndrum.
Will need a miracle to recover from EVE but have a few quid in a few other shares.
Every journey starts with a single step.....
Wyn, your 16:15 post - fully agree. Half in then add, makes sense.