Member Info for D-Geeman

SP tomorrow? 'Prepare for the worst and hope for the best' will be my outlook :-)
I topped up on something else today but it was my IMM that I sold to do so, not my Eve. Keeping Eve this long and then selling even a bit just before a potential rise would have been just too frustrating! I'd cope better with a fall tomorrow knowing there'll be another rise later as, long term, Eve will do well.

Had to meet a carpenter today at my B2L flat as we've been ordered to have better fire doors. We were both wearing masks (well me a clear visor). After a few mins I realised he had a streaming cold. I'm not stressed as we weren't close and wore masks but made me really appreciate that people with colds and sniffles are just going to have to wear mask indefinitely from now, whatever happens with covid; sniffling and breathing on others will be completely unacceptable in the future.

https://www.t3.com/features/eve-topper-vs-panda-mattress-topper
Wouldn't be worth mentioning however the review mentions TP:
'Eve is rated as Excellent on Trustpilot, with over 7,500 reviews and 4.5 out of 5 stars; 84% of reviewers rate it as excellent, while only 6% rate it as bad ' but 'Panda only has 158 Trustpilot reviews at the moment but is rated Excellent with 4.3 stars. 78% of reviewers found it excellent, while 8% rated it as bad'.

Someone posted this link and it works for me. take out the single gap after v
https://www.v oxmarkets.co.uk/articles/avacta-ceo-alastair-smith-discusses-how-well-positioned-avacta-is-for-the-healthcare-revolution-57036e7/

For curiosity, I tried dummy sells this afternoon; from just before 4:20 couldn't get a price, that went on for 10 mins. Just before close I could get a quote but a suddenly low one – and I could see that the spread was huge..
Seems that they were trying to get shares at the last second for a low price, while at the same time charging last-minute buyers a premium.
Can we infer anything from that?

Hi Firex, appreciate they can be good, but I had thought £8m quite a stash, but very happy to defer to W that £8m is not that huge.
News would have to come in the RNS, not the conference. That gives minimum of 6.5 hours for the market to react. If it were bad news, wouldn't the conference be... earlier?!

They presumably still have £8m (at least) in the bank. I don't know these things but would they ask for more money now when that would, on the face of it be enough? Wouldn't they announce that they are going to 'invest more in marketing and nothing to be alarmed about'?

I topped up yesterday (expecting BAMS RNS) but I set this HL alert a couple of days earlier when Wyn suggested it would unwind to 235..
'Avacta Group plc (AVCT) ask price has reached 236.
Your price alert was set at 236 and is now inactive. To re-activate or change it, please log in to your account.'
Learned my lesson.

I may sell a few sleepy shares later and take advantage of 233 / 235.

If you don't necessarily need the money tomorrow momoni you shall be fine with an average of 7.7.
Everyone is waiting for double figures; just depends 'when' rather than 'if', IMO.

If the interview began after 4.30pm today, then I guess there's not much one could do with the info (unless people know otherwise).

Matt, I think Wyn gave that response to my Q along the lines of 'is this the unwind you predicted?' when the sp had fallen a few pence. Then Wyn said more might have to come/ fall. I waited a while and then bought around the level and am now well 'up'. The way I see it you both got it right and thanks as I'm ahead even more.
Also bought a few more today but had to sell something else first.

Continued:

The Company plans to publish its full year audited results on 18 March 2021.


Cheryl Calverley, CEO of eve Sleep commented:


"Our business reset is largely complete and our growth has accelerated more quickly than we initially anticipated as a result of the shift to online and the current strength of the homewares market. We have exceeded our financial expectations for 2020, which were raised twice during the year, extended our product ranges, opened new sales channels, increased brand awareness, presence and recognition, with the winning of the Which? awards, and improved the strength and resilience of our technology, logistics and operations platforms. This is entirely down to the tireless dedication, creativity and commitment of our team, who moved seamlessly to home working from March, without the need to furlough staff or make redundancies. I take my hat off to each and every one of them.


In 2021 we will invest in growth initiatives across our business, particularly in France, where we see good opportunities to scale, whilst continuing to build on the current UK momentum. We are confident in the near-term outlook and although there is a high level of uncertainty as to the macro-economic backdrop and spending habits of consumers in the second half of the year, we have entered the new financial period with a much improved proposition, a stronger Balance Sheet and a more resilient business."

Continued:
including a weighted blanket and the introduction of a sleep gifts range has also given broader brand presence. In addition the business has improved its mattress range resulting in Which? now recognizing eve's original hybrid and premium hybrid as the two best mattresses in the UK - supporting further growth. Together, these factors have driven an 18% year-on-year increase in revenues in the second half of the year, benefitting from the additional UK 'switch off with eve Sleep' TV campaign from November. The strength of trading was evident across the product set, with particular growth in premium products, particularly the Premium Hybrid mattress and the Spindle bedframe. These are two of the highest priced products in the mattress and bed frame ranges, showing the increasing strength of the eve brand.


As stated in eve's interim results of 15 September 2020, the industry has experienced some upward pressure on raw material and component pricing, as well as supply constraints due to global chemical shortages. With these inflationary pressures continuing through the fourth quarter eve took the decision in November to put through modest price increases in order to sustain margins. Thanks to the increasing strength of the eve brand, with reducing price elasticity in the more premium products, these price increases have not adversely impacted the rate of sale. Whilst the inflationary impact has been negated for now, supply shortages remained an issue for the industry through the fourth quarter.


2021 trading and outlook

Trading in the first few weeks of the year has started well and is following the same positive trends seen in recent months. The availability of raw materials and component supply remains an industry issue and a potential limiting factor on near term growth. At this time the Company has not experienced any material cost/duty increases as a direct result of Brexit, though there has been some slowing of the pace of deliveries to Ireland and Northern Ireland resulting from courier related issues. eve will continue to closely monitor the situation but does not expect any material full year impact at this time.

2021 will be the year eve transitions from the rebuild strategy, which commenced in the second half of 2018, to focus on growth opportunities in the UK and beyond in order to build a stronger, broader and larger, profitable business. Expansion will be managed in a controlled and disciplined manner, with the initial focus for investment on the Company's existing French market. Having already completed the restructuring of the French business and its cost structures, the Company is now ready to invest in both its B2C and retail sales channels, adopting many of the same strategies that have been deployed successfully to scale the UK business, including its first new TV campaign in three years. The investment required to scale the French business will come from the Company's existing cash resources.

It's more-or-less in the Jan 21st RNS. Now I believe we are waiting to see more detail; how its gone so far in 2021; planned new products and anything else they throw in – the French side / investment too.
People might have missed this:

Trading update



18% sales growth in H2, exceeded twice raised expectations for 2020



eve Sleep ("eve", the "Company), the direct to consumer sleep wellness brand operating in the UK, Ireland (together "UK&I") and France announces a trading update for the full year ended 31 December 2020. All figures remain subject to audit.



Strategic and operational highlights



Winner of the best two mattresses in the UK according to Which? and 3 of the top 5 Extended the sleep wellness ranges with new bedframes, sleep gifts and bedding Entry into sleep gifts market with launch of 'well slept' range online and in partnership with Boots UK seeing strong success Launched retail partnership in France with Olivier Desforges Re-platformed the UK&I websites to Shopify, with the French website also completed post year end, to secure a more stable, scalable and lower maintenance website Upgraded supply chains to localise manufacturing for both markets ahead of Brexit Restructure of warehousing and distribution to allow shipments to customers to be consolidated into one delivery, deriving lower costs and better customer experience Invested in new Channel 4 TV campaign 'Switch off with eve sleep' running every Sunday night from early November


Financial highlights



Revenue increased 6% to £25.2m (2019: £23.8m), driven by 18% growth in H2 Record trading over black Friday period and the first week of the Boxing day sales EBITDA losses cut by 81% to £2.0m (2019: EBITDA loss of £10.7m) Closing net cash at 31 December 2020 of £8.3m (2019: £8m), bolstered by £0.3m of tax payments deferred until after the year end


Strong 2020 performance



eve has exited 2020 in far better shape than it entered the year and now has a more resilient and efficient technology, logistics and operational platform ready for future growth. Losses have been reduced throughout the year, ahead of initial expectations, through a focus on profitable sales channels and product mix improvements, including taking the decision to exit Amazon UK from September. The Company has also maintained its tight control of overheads and a continued focus on improving marketing efficiency and effectiveness, on a marketing budget, which was 51% lower year-on-year. The focus and driver of the results this year has been the UK business, with the French business being at an earlier stage in its development.



The business has undoubtedly benefitted from the accelerated shift to e-commerce and the current strength of the homewares category as a result of the pandemic. A focus on strengthening and widening the product set, with new sleep wellness products including a weighted blanket and the

Are they going to AVA6000 phase 1 against triple negative breast cancer patients? I believe trials are in the next couple of months (maybe read that in an RNS a while ago but can't be sure) but not sure which patients.
Last week I emailed Avacta's details to the journalist who wrote this piece, in the hope the mum could get in touch with Avacta trial through her docs. Anyway, its always worthwhile remembering the people who'd benefit the most if these developments come off.
https://www.hertfordshiremercury.co.uk/news/hertfordshire-news/hertfordshire-mums-desperate-race-against-5093026

This is no use now: https://www.debenhams.com/content/buying-guides/mattress-guide
It the mattress buying guide for Debenhams.
They also sold mattress toppers, duvets, bedding; in fact many of the things Eve now sell.
Just the way of the world now.
I think it almost certain that Q1 2021 will show an increase in sales as the TP figures show more reviews than through the busy time of 2020.

Half way through March (almost) and 205 TP reviews. Whole of Feb got 276 – and that was a record (apart from Black Friday November).
Very sad for the staff at branches of John Lewis that will never reopen after lockdown. The customers who might have bought mattresses there will presumably, in some cases, move to on-line purchases: “Regrettably, we do not expect to reopen all our John Lewis shops at the end of lockdown, which will also have implications for our supply chain.”

'The BBTablet Foundation'; what a way to be remembered!

Thanks for sharing / posting Stefan. That should help potential Eve investors in Germany.

Since the weekend is quiet, here's a German equivalent of a Simply Wallstreet computer generated report (must be for Stefan's benefit :-)
http://www.aktiencheck.de/news/Artikel-Eve_Sleep_Was_war-12759269
They award two 'holds' and a 'buy' to Eve Sleep based on their 'analysis'.. I imagine it would've been 3 'sells' 18 months ago so I guess we should be encouraged. Also good that it even appeared in Germany.
Google translation:
03/13/21 3:22 PM
Stock news

On March 13, 2021, 1:00 a.m., the Eve Sleep share was listed on its home market of London at a price of GBP 5.98. The company belongs to the Internet Retail segment.

We analyzed the prospects for Eve Sleep based on 5 major categories. The share receives a partial rating for each category. Overall, the results lead to classification as "Buy", "Hold" or "Sell".

1. Relative Strength Index: The Relative Strength Index, abbreviated as RSI, indexes the movements of stock prices within 7 days by relating the upward movements to the number of movements. The standard range is from 0 to 100, the RSI of the Eve Sleep is 57.48, which means that the situation is not viewed as either overbought or sold. This results in a "hold" rating. The RSI25 extends the calculation period to 25 days. The RSI for the Eve Sleep is hovering at 42.48. This is an indicator of a neither overbought nor overbought situation to which a "hold" is assigned. Overall, we therefore assign the "Hold" rating to this category.

2. Investors: In addition to hard factors such as balance sheet data, share prices can also be assessed using soft factors such as mood. Our analysts looked at Eve Sleep on social platforms and measured that the comments or findings were neutral. In addition, the users of social media around Eve Sleep have mainly taken up neutral topics in the past few days. This means that the share is given the "Hold" rating for this analysis. With this, the editors come to the conclusion that Eve Sleep has to be classified as "Hold" in terms of mood.

3. Industry comparison share price: The share achieved a return of 529.47 percent in the past year. Compared to stocks from the same sector ("cyclical consumer goods"), Eve Sleep is 532.58 percent above the average (-3.11 percent). The mean annual return for securities from the same industry "Internet & Catalog Retail" is -6.63 percent. Eve Sleep is currently 536.1 percent above this value. Due to the overperformance, we rate the share at this level as a "buy".

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Should Investors Sell Right Now? Or is it worth joining Eve Sleep?