Member Info for D-Geeman

star sailor, thanks to your suggestion I took a look at Boots too. Seems there are 8 products and I hadn't seen them before now. Looks like a spin-off brand ('Well slept') and could easily expand vastly by the looks of things https://www.boots.com/sitesearch?searchTerm=eve%20well%20slept
I really can imagine London Investor stocking up on hot water bottles and bed socks and coming back to say his feet have never been warmer :-)

Lemming, really, good luck. Half of me wishes I was still in, other half glad to be out. Will be reading kier RNS with interest after 7am.

I'll be a spectator only tomorrow but good luck indeed with Kier! I sold and put it in Eve with intention of selling on the rise before results, but then failed to sell. It'll be fine come January :-)

It's not the main event but if Emma or Simba were in Boots we'd be asking 'why not Eve?'

They've dropped from the bottom of what I can see now but this morning there were buys of 500k shares and 560k shares within no more than a couple of minutes.. Looked liked could've been the same person, or a real coincidence of very close timing.

Somehow I did overlook this January 2020 update on the list so yes we almost certainly only have to wait 4 months for an update: 'Trading Update 2019 (was on) 21 Jan 2020'.

Cheers Wyndrum! Thanks for your thoughts and it's a balance isn't it between risk and rewards. If I saw something else I was certain of I'd go for it. With your experience I'm sure you see many more opportunities and you can read the signs better than most. When I read the Eve RNS I did note that cash balance was improved but not by that much much (well they've only had 3 or 4 months of sales under covid) and thought it basically a good RNS whereas you decided it was not good enough after the fanfare, and departed. You did the right thing. I see a couple of other opportunities ATM but really, they could go either way. I'll dip my toe in anywhere else but only increase if things go well. My pot is limited. Eve is a safer bet for me. Come March, people will be all excited again I'm sure (if not before March).
Regarding the Rule of 6 and if people party and entertain less they could equally decide to buy themselves a new mattress with the money they save.. As for Boots and Christmas, I've made many pre-Christmas trips there for presents requests and ideas. It could work.
Glad you're still going to be following eve and I'm sure you'll be a holder again at some point! ATB.

If I had somewhere I could DEFO do better than Eve I might sell with the intention of buying back but I'm 100% certain that come March we'll be a lot higher than now and I'll be well-ahead, not 'just' 50% up. I can't think of anywhere else that offers the (almost) certainty that Eve does. Sure, things could go well for covid test etc but that's rather more of a risk with, yes, possible high rewards (and I'm in there anyway, a decent bit for me.) Between now and March there'll be ebbs and flows with Eve but I imagine the flows will be greater. TR1s (Zamir, yours can't be long!) and interviews with CC saying how well eve are doing will provide the new, and even perhaps an update if things go super-well towards Xmas.

Emerald Carrots,
Nice to talk! Sorry for tardy reply; been busy elsewhere and just checked here, to be honest, as I was about to sell my Halfords shares.. But I've read the board and decided to hang on. (I thought I might use the money on Snowflake in the US, apparently available soon.)
Regarding scooters, I have three young daughters and each has a scooter, and a bike too. I myself ride a bike and cover 2,400 miles a year on it (200 miles a month) so I am 'somewhat aware' of the roads.
Anyway, on Monday alone, my youngest fell off her scooter twice on the way to ballet and grazed her knees. Not a big deal as she's only 6yrs old and quite light. Both falls caused by pebbles / uneven pavements. Scale that up to the road, put a 6 foot adult on the scooter and go along at 13 mph and you have two broken wrists, broken teeth, and even perhaps a fractured skull – if you happen not to see one serious pot hole. A cyclist's centre of balance is lower than a scooter rider's. It's obvious really. They are just more vulnerable to falling and will come off more badly in a fall than a cyclist. I myself don't see pot holes from time to time and esp at night but on a bike you can often get away with it.
Then there's the way scooters are ridden which is another problem (red traffic lights etc, where they see themselves as pedestrians).
Then, there are the scooter riders who zoom down the pavements. Getting back to my daughters, they have had a few close shaves over the years with pedestrians. Nothing ever happened as at low speed you can usually get away with it. Not the same at 11,12 or 13 miles per hour.
Anyway, I probably won't affect your opinion, and you probably won't affect mine. We'll have to agree to differ. ATB, D-Geeman
PS. In the news today: https://www.coventrytelegraph.net/news/coventry-news/coventry-e-scooter-trial-halted-18934376
A trial which saw e-scooters available to use in Coventry city centre has been halted less than a week after it begun.
The electric vehicles could be hired from last Thursday (September 10) and were supposed to be available for a 12 month test run.
But the scheme has seen the brakes slammed on after just five days over misuse of the scooters.
Coventry City Council pulled the plug today (September 14) saying concerns had been raised that scooters were being used on pavements.
Users also reportedly took the scooters into pedestrianised areas of the city centre.
A spokesman for Coventry City Council said: "The trial has been introduced to identify the safest way that e-scooters can be used going forward so it’s right to pause the scheme if concerns are being raised.
“The initial take-up has been encouraging but we need to ensure that the safety of all people using the city centre is protected and that the e-scooters are used in the proper way, hence our decision to pause the pilot until systems are improved."

Yes, 2017 was 3 years ago, but four September interim results: 17/18/19/20 Apologies in advance

My first attempt at some back-of-fag-packet calcs for Eve, so bear with me.
Looked back into the Eve archive at the 2017 interim results. Four years ago, the Sept 2017 sp appears to have RISEN to 106p on the back of news that; H1 revenue was 11.5 million; EBITDA loss £6.9 million. But, cash in the bank, £37.2 (and falling).
We are now – 2020 – in a profitable phase with H1 revenue of £12.2 million (sound familiar?) but with only around a quarter of the money in the bank that they had in 2017 (though at £9.2 million it's rising this time rather than falling.)
If there are perhaps twice as many shares now, so 106p in 2017 converts to 53p in 2020.
Pretty obvious but seems to me that sentiment is part of the problem now and when sentiment changes the current sp could recover from the suppressed levels we’ve got used to. I'm more content to be invested in Eve in 2020 than in 2017 when the sp was 106p. Incidentally if you quarter of the 2017 sp, based solely on cash in the bank, that gives a figure of 26.5p. Then half that as there are twice the number of shares and you get 13.25p. Not far from the line that Zak drew yesterday.

‘Casino’ stores are a large chain of supermarkets in France. Would have to ask Mrs Geeman what they’re equivalent to but I would speculate ‘Asda’ rather than Sainsbury’s. Hopefully, Eve trial in two stores will succeed and lead to presence in every Casino shop (and positive French TP reviews).

Wongtg, I think the opportunity is ongoing, not over yet.

'EBITDA positive since May, commencing planning for long term growth'

wouldn't they update only business departs their prediction of today?

you're right; looks like a sell but at that time it would've been a buy, at that price. Was it Wyndrum who speculated a few weeks ago that it felt like someone building a stake? If he was right then then nothing's really changed to make that less likely now.
We're roughly the same price as last friday.

Much better than 'Mattress in a Box'n'Day'..
Someone liked your slogan and bought £11k worth just now. Ticking up :-)

Reading back thru posts I missed, quick ps regarding headwinds: depending how long covid restrictions last, the people who buy Eve products are probably those lucky better-off folk we've heard of who, in lockdown, are actually better off as they haven't bought holidays, shoes for the office, or train tickets – and have bought bedding, and expensive puppies instead. We're still there at the moment. If / when testing by people like Avacta comes good, and treatments (synairgen) the headwinds could quickly diminish too.

Well, my Ferrari will have to wait (actually, probably would have been a case of banking profits in a tracker :-) but I am still well in the blue. Selling today will drive the price below where it probably should be, for a while anyway. No more financial news due till March (when I last checked) but 'unforeseens' will come out of the sun I dare say. Looks like I'll be here when they do.

Interim Results

EBITDA positive since May, commencing planning for long term growth

eve Sleep, the direct-to-consumer sleep wellness brand operating in the UK, Ireland (together the "UK&I") and France, today issues its results for the six months ended 30 June 2020 (the "Period").

Financial Highlights1


2020 H1 £m
2019 H1 £m
Movement
Revenue (UK&I and France)
12.2
12.9
-5%
Gross profit
6.8
6.7
+1%
Gross profit margin
55.6%
52.3%
+330bps
Marketing costs as a % of revenue
25.3%
51.0%
-2570bps
Marketing contribution2
1.5
(1.6)
+£3.1m
Underlying EBITDA Loss3
(0.8)
(5.9)
+£5.1m
Statutory loss before tax
(1.3)
(6.7)
+£5.4m
Cashflow from operations
1.8
(5.4)
+£7.2m
Net Cash at 30 June
9.2
12.5
-£3.3m


Business Highlights

Strong improvement in trading from April, with revenues in Q2 increasing year-on-year by 25%
Customer numbers for the period grew year-on-year by 7%
Significant year-on-year increase in conversion rate due to the improving quality of website traffic
Marketing efficiency in the period doubled versus the prior year
Positive underlying EBITDA at constant currency in May and June - markedly ahead of Board expectations
Cashflow positive in the period for the first time - ahead of Board expectations
Post Period End

Partnership with Boots to stock a range of 'well slept' eve Christmas gifting products online and across their UK store estate from October
New French retail partnership with Olivier Desforges showing initial success and now rolled out to eight stores. Early stage trial in two Casino stores from July
UK spontaneous brand awareness in August 2020 up 200 bps year-on-year to 17%
Net cash as at 31 August 2020 of £9m
Current Trading and Outlook



Strong trading momentum has continued through the summer with revenue guidance for the full year raised on 3 September to at least £22m
Underlying EBITDA loss for the full year to be lower than the Board's original expectations, following four months of positive EBITDA at constant currency
Net cash position at the year end to reflect the better than expected trading
Heightened economic uncertainty is likely to persist but eve is now in a stronger position to withstand challenges and capitalise on opportunities
Cheryl Calverley, CEO of eve Sleep, commented:

"This has been a highly unusual and complex trading period. eve has benefitted significantly from the accelerated switch to online, the temporary closure of high street retailers, and the recent increased consumer investment in the home, which, combined with the hard work on the rebuild strategy, has allowed us to see the fruits of our labour a little sooner than we anticipated.

The focus now is on building towards a longer-term growth plan as we draw closer to our goal of securing a base as a sustainable, profitable business. We do not expect this to be easy, and 2021 like 2020 may well bring both challenges and opportunities as economies shift, consumer