Member Info for D-Geeman

I do wonder whether this was all a delayed-reaction to the 8.3 from Fabrice Grinda & Jose Marin – which took people here a while to work out. Maybe others elsewhere got the wrong end of the stick with it and saw a bid from them.

Someone who bought them for 0.07p and is very happy with their decisions...

'Is there a takeover rumour or is it just from oversold territory?'

No solid rumour on this board. But then Wyn's charts might know more than us.

Thanks very much for that wyn. I shall copy it for future reference. Because I keep things (too long) it has less relevance for me when selling but certainly I use the RSI when buying. You called things right (moments to buy on ABDX etc) but because, unlike you, I've held, the RSI changes and the moment to sell passes.

I wish I was 'up' on a few shares and then I'd feel ok about 'borrowing' to buy shares on the move but as I'm down almost everywhere now I refuse to sell at a loss to put the cash into another (it's always risky as you said yourself yesterday) share.

Anyway, good luck with your latest venture with eve!

Wyn, I do still struggle to read the overbought / oversold RSI chart. Depending on the setting it gives all sorts of results. Do you recommend the 1 month (or 3 months) and 1 minute, or 'other' minutes? I know you go on the closing price at 4.30pm.

'It’s clear from trading today a big buyer / buyers out there, very much likely building a stake for T/O??'

I guess they might buy some shares on the open market but more likely that they'd be talking to eve via FinnCap, trying to work out an acceptable price for us to vote on.

Might now look somewhat fishy if there were news at 7am but I for one will still be alert to the sound of notifications just after 7.

I didn't average down dontgive, so anything I sell now would still be loss making deal. You did well to pull some back though still early days. Let's hope the worst is behind us :)

https://ukinvestormagazine.co.uk/aim-movers-great-western-mining-jv-and-eve-sleep-recovers/

'Mattress retailer eve Sleep (LON: EVE) has jumped 24.1% to 0.9p, although there is no news about the strategic review and formal sale process. The share price 0.65p at the end of June and it is still well below the 1.65p when the strategic review was announced. A lack of cash is hampering growth and eve Sleep needs more funding. '

No Price Monitoring RNSs (which doesn't mean anything other than there usually are with movements like we've had today).

Dontgive has missed the morning's fun! Still, nice surprise when logging in later no doubt. (Probably was at the sign shop.)

It does show why it's fair enough to stay on this BB even when you aren't a holder.

Eve are top of the 'risers' on Vox so that will get some attention.

Wyn, shall you sell 30% or buy more? It's tricky isn't it..

probably more 'herd' than 'heard' but who knows..

There's my first alert gone...
'EVE bid price has reached 1

Eve Sleep plc (EVE) bid price has reached 1.

Your price alert was set at 1 and is now inactive. To re-activate or change it, please log in to your account.'

+29.52%

VOL.
750 K

Fair enough wyn, but it is still worth having the eve brand and the eve products, on sale. All things being equal (we know they aren't but indulge me) if there are 4 brands of mattress (Nectar / Emma / eve / Simba) then at the moment there is a 1 in 4 chance a customer will buy 'your brand'.

If (profitable) Emma for example buy-out eve then there is a 1 in 2 chance a customer is buying 'your brand' Emma, even if they don't realise it. And by then your eve sales are profitable ones too. Voila!

Alternatively a merger / reverse takeover..

If Brook and Wilde merged with eve there is some duplication in mattresses but Dontgive noticed that B&W sell more expensive ones too. So that's a bigger range of customer catered for too, all the way from a Sleep Away at Argos to your >£3000(?) mattress.

As for DFS, they might feel that if they don't buy eve out then eve brand would disappear and they'd have no source for their popular 'Which?' awarded eve hybrids. And they've said they want to expand into more beds..

(Good job I don't have more cash or I'd talk myself into averaging down.. I checked this morning and currently >70% down. Yikes.)

I'm more or less assuming it'll be a takeover (even if a merger) or nothing. A takeover or merger gives the chance to cut costs (office / BOD etc., maybe create economies of scale) and resulting potential profit, whereas an investor would be making a loss for the foreseeable future. Investors don't invest to make a loss (other than me and a few on these BB's!).

Can anyone think of a good reason for buying shares if good news arrives? If one offer comes in I doubt there'll be time to buy anything before the price is just below the TO / offer price.

Unless offer A is followed a couple of days later by offer B?

I don't have any spare cash (for taking risks with) anyway so won't affect me.

Brooke and Wilde are having a 50% sale now. It struck me that offering an iPad isn't a 'sale'; they were charging full price for the mattress at that time. It means that they can legitimately say there's a 50% discount now. (Not so desperate after all perhaps.)

Yep, looks like FJ have been in from the start.. That's a shame.

(Anyway, they haven't sold.)