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I think the forecast from Finnap is quite an realistic assessment. Current cash position 8mil, year end expecting 4.2mil. Which the market cap at 3mil undervalues and discounts the brand value. 12 million was raised last year Feb at 10p... what difference a year can make. IMO- with strong marketing person leading this company, I believe this company turnaround.

Forecasts.
We currently expect a small reduction in revenue from £23.9m to £20.0m as the tighter focus on profitable sales rather than market share takes its course. We expect this to result in an improvement in gross margin from 53.2% in 2019 to 53.8%. ?We also anticipate a further significant reduction in marketing expenditure from £12.1m last year to £5.5m this year and a further 16% reduction in operating overheads. Overall, we expect another significant improvement in EBITDA losses from £10.7m to £3.3m. On that basis, we currently anticipate a year-end net cash position of £4.2m.

Covid-19
Over the past week, the statement confirms there has been some impact on traffic and consumer demand attributable to the COVID-19 virus and management believes it is reasonable to expect subdued demand whilst the situation prevails. However, as a direct-to-consumer led retailer, the group has significant flexibility to control spending and therefore cash outflows. To date, it appears that there has only been a small impact upon the supply chain.

Link Fund Solutions Ltd picked up the job of liquidating Woodford assets to return shareholders cash. Pure ignorance if you've not noticed that they've been gradually selling for many months. They will eventually sell here too as you've seen from 20% to 12% more selling to be seen.

Share price up 10 folds since October, not much has changed since then besides change of CEO and a early stage research in to Covid-19 with no clinical trials to show for. Interesting how valuations change so quickly with the shift in major shareholders.

These bad boys are still selling especially Link Funds (Woodford). Good company but expecting significant downward pressure.
Link Fund Solutions Ltd 11.96% 13,091,131
Richard Griffiths 5.94% 6,500,000

Quite a lot of activity today.. I am guessing partial selling from brokers representing Jupitar being quickly snapped up.

Additional fire power to action strategy. 15p with new shareholder interest. Onwards and upwards.

With Casper Competitor Exiting UK, this is extremely positive news for Eve. Makes it even more attractive entry than before. Cash balance 8mil strong, market cap at 4mil. CEO reaffirms on twitter trading conditions returning to normal pre-covid. Seems there marketing strategy is working.

Time for some results. The C4XD tech has partially shown it works with Orexin Addition drug licensed to Indivior for 300 million with 10 million upfront payment.

We need another deal or two to sustain and pipeline looking strong with:
1) NRF-2 for Sickle Cell Disease (“SCD”) and pulmonary arterial hypertension (“PAH”)
2) Oral IL-17.
3) Potentially may be Lifearch Covid 19 subsidy (results tomorrow)

What's the advert about? New advert or same sloth dance?

Casper to axe 21% of workforce and quit European market
https://www.ft.com/content/b984dece-df78-3fd0-9c84-364b57f7c039

https://www.economist.com/briefing/2020/04/04/technology-startups-are-headed-for-a-fall

Here Lemming - Casper Sleep CFO/COO Departs, Company to Lay Off 21% of Employees

https://techcrunch.com/2020/04/21/casper-winds-down-european-operations-and-lays-off-78-people/

Haha that's true Mikey. LB28 that's true but until TR1 is released we still have the overhang weighing on share price. Link Solutions is managing Woodford's exit so can return funds to investors. Expecting clearance soon tho and this will do pretty well subsequently

Link Fund Solutions Ltd reduced stakes from 19.99% to 11.96% worth around £8million overhang (total holdings 13,091,131) to offload. More selling pressure IMO. Good opportunity after cleared..

Cyber Security + ecommere tech investments now considered defensive stocks as it replaces traditional industries.

Fatgreek, I agree a possible takeover at these levels; competitors would be laughing to get the business for free + wod of cash in bank. Market cap 3+mil VS 8 Mil in bank is a joke.

Thanks for sharing. Much appreciated. Would be interesting to get your perspective on comparing with competitor data and analysis.

In Simba's full accounts announced in Oct 2019 mentioned"During the next year Simba shall consolidate its position in the UK market" - I wonder whether talks with Eve will re-surface, now that they have raised €21.5 million in Jan with strong shareholder backing. https://beta.companieshouse.gov.uk/company/09703422/filing-history

It is interesting that they mentioned in there Future Outlook, "During the coming year Simba expects to increase turnover whilst significantly reducing losses as efficiencies are achieved across the business, particcularly in sourcing, operations and marketing" - Increase turnover, efficiencies on sourcing, operations and marketing could be achieved via merger. Seems timing wise is better than before they raised. With competition intensifying, buying the competitor out seems one way of doing it . IMO, DYOR

The dip seems like a good buying opportunity. With big seller out share pool will only narrow with buyers until reaching a more reasonable valuation. with Cash in Bank at 8 Mil. sub 4 mil market cap IMO substantially writes off any value of the brand. A company which has already invested 10's of millions in it's brand equity.

"Did Cartesian buy the whole of Simba for £20m ? So that's a valuation of 27% of 2018 sales." I doubt it, it is an agreement to raise €21.5 million to reinvest in to the business. How much % in return is not disclosed so valuation is not clear but we know in this case that at least 20mil