RE: Revenue growth YTD12 Mar 2021 15:44
Genius, this is what they announced in January, as reported by a website:
'Direct-to-consumer bed company Eve Sleep said its revenue improved 6% in 2020 to £25.2m, driven by 18% growth in the second half'.
And in City AM - July 2020, talking about the first 6 months: 'Eve reported group revenue of £12.2m for the six months to 30 June, as sales smashed expectations, buoyed by strong e-commerce sales and increased demand for homeware products as Brits stayed home during the pandemic'.
Incidentally, and changing the subject, I bought a book around 4 years ago when I first thought I ought to learn a bit more about my new pastime of investing. I've bought another copy for a friend who's new to shares. It's reminded me that these were some of the book's rules, and Eve broke them all when I first invested:
- a high risk penny stock
- loss making and scheduled to make losses this year and next
- low liquidity - very hard to sell at given price if a warning
- spread way too wide
I myself got away with it (I'm 50% up now) but it seems to me that we are about to be on the right side of the profit rule. Maybe liquidity too. Risk is much reduced (which should sort out the pennies price) and spread will get better.
So all-in-all Eve is looking much more like a text book investment.
I do wonder if CC could pull a rabbit out of the hat, otherwise I'm not expecting fireworks myself. Surely she won't just repeat what we already know? I doubt it'll be something really big just yet (such as selling in Germany or Spain). I wait to be impressed.
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