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Trading below cash balance in the interims. Admittedly trade payables did increase with the cash balance. What opportunities have come about due to covid/ cheap leases? Please no more central london restaurants for now the place is a ghost town. Focus on the cities and larger towns outside of the capital. Increasing revenue on takeaways is key to growing revenue. Maiden profit!
Not a word since the interim results in September. A trading update is required.
I agree with username here. The clues were in the December trading update and 2021 annual report there isn't any mention of being profitable at the beginning of 2022. In fact the statements appearing in both rns is that they want sustainable growth but not at any cost. I do recall earlier TUs referring to 2022 as the year they think they will achieve a profit. We are in January not December. The Decemeber TU put the writing on the wall. There is a particular poster here who has been writing BS at all hours of the morning. If you believed your own crap then it was always going to be a bad result for you.
I do take a more optimistic view of the "bad reviews". Looking at twitter there are a few complaints. The common denominator is logistics. Most distributors in the UK are facing logistical problems due to lack of drivers etc, it's well documented on the news so I really don't care too much. I would be concerned if in dissatisfaction was product related. I doubt these people will order a second mattress from a competitor in the meantime because they may well experience the same delays in delivery.
Re trading update . Only a month has passed since we had a TU so it's unlikely to show much progress since then. My take is it will consolidate what we know from the TUs released in 2021, maybe they'll confirm cash position in addition. I'm not expecting fireworks on that front. They've mentioned becoming profitable in 2022 a number of times, a statement that must lose effect each time you say it without tangible evidence. It feels to me like value won't be realised until we get a statement that says we've made a profit rather than we want to make a profit. 12 months from now But? What do I know, we hit 9p on a whiff of cbd and I kept hold. Hindsight would say poor trading / investment strategy.
Someone is filling their boots. Plenty of 10k trades over the last week or so
If I type eve sleep cbd into Google eve doesn't show up in the top 10 results. A search for cbd on eve site brings up nothing... I'm interested in the cbd range. I see myself as a liberal type and don't in any way think this product diminishes the brand, something others have expressed concerns about. I think we should legalise thc, collect the taxes, regulated the product and stop it being sold by kids on street corners but that is a debate for a different forum.
They are Next as well DG thats new to me
Wontogo I don't think your accounting is correct. unsold inventory will be recorded on the BS at year end. mattress costs hit the p&l when sold.
We absolutely need to take advantage of any weakness in the uk market. I work in Victoria and the devastation caused by the pandemic is there to see in the available food units. There must be some bargian properties up for rent, the right ones of course. I think there is probably some nervousness about a winter lockdown, or at least restrictions that would impact leisure / entertainment industry. I think we've got a great BS to weather another storm. I'm interested to hear how hard they have been pushing online sales, they seem key to getting us through the pandemic... I still haven't eaten in one of the restaurants.
Ditto DG. Took a haircut thisprning on my metrobank holding after 3 years of downturn. Fingers crossed I will make it up here.
Reading the tea leaves BD6? I can't see the gems you refer to. Yes cash is up a bit but so are current liabilities, 1.4m of current liabilities are due for payment in the next 12 months. Revenue has fallen out of its arse. Massive cash call coming, significant dilution. There really wasn't anything in the accounts to give me hope of being in a better position in 12 months. I've just taken a haircut and sold out. Better to preserve what is left of the investment than lose it all. I hope it comes good for you but right now the financial situation looks severe. BTW, how do you come to the conclusion we could see a maiden profit?
Does anyone have any thoughts on these? Reading the 2020 accounts shows most revenue came from a couple of key customers. Have we lost those in 2021? Is hyrax the vehicle that sells fish maw? How come we have no revenue from that so far this year? They say England pie is now live but I've been in the site and it doesn't have any stock. Much more detail is needed from the bod.
Found then thanks foolsgold. Part of me wishes I didn't what a ****show did not expect such a reduction in revenue
I've called both numbers on the rns. No reply. Has anyone had any luck getting the interim?
I'm having problems opening the report. It doesn't seem to contain the figures
Good point re Western ears callit.
Sounds like 8 capital are desperate to exit on the next spike
These look good at first glance. Great cash management (9m cash vs 9m market cap). Positive ebitda each month. Loss is far reduced, could there be a full year profit? I suspect without covid we would have seen a profit this half. Positive statements from the directors. I am happy to hold here. I'll take a proper look at the FS tonight.