Member Info for Dontgiveup123

EVE continue to close the gap with Nectar.
EVE 11390 reviews vrs Nectar 11864 ( difference 474)

Great points D-G.

Without a customer phone number ( even one dedicated for delivery issues would possibly prevent some bad TP reviews and lost sales) but EVE are adamant it’s not viable - still, one can’t help feeling for customers such as this :-Sarah1 reviewGBRated 1 out of 5 stars10 hours agoVerifiedAWFUL customer serviceWell the mattress didn’t arrive on the day it said it would. Wouldn’t have been too much of an issue if I were able to get hold of anyone or if someone would respond to my (several) emails asking when it would arrive or what was happening. It’s a lot to ask for someone to stay in all day (they don’t narrow it down at all) during the week anyway, but when you’ve taken the day as holiday and they don’t turn up…it would be nice for someone to get back to you to let you know that your order exists because you start to worry. Wish I had read the Facebook reviews/comments before. After someone finally emailed back over a week after, I could ask for a refund and in the meantime I had a mattress delivered by a different company who were a pleasure to buy from. 0 stars ??

But on the flip side a good opportunity to buy in here :)

It would have made a great difference to the value of some shareholders holdings and also prevented opportunists jumping in with no great interest in the actual business!

Surely EVE would have been better to suspend share trading at the launch of the FSP at around the 2p mark!
At least any bidding would have had the 2p rate would have protected the market cap - another major blunder by the EVE board maybe?

Hope EVE get fresh stock soon.

And EVE now have 6 products listed on DFS UK website :)

Just noticed EVE do seem to be running out of stock on quite a few of their bed linen ranges today!

Yes EVE said sales down 22% compared to last year up until May time.
DFS as a new additional outlet for EVE products which only began at start of March could conceivably claw back this sales downturn throughout the rest of year - so it’s not beyond the bounds of possibility EVE could still snatch that game gamechanging but so far elusive profitability aimed at for UK&I.
I wonder had there been any Belgium sales yet?

Being a long term investor here or indeed in any plc is difficult and frustrating. It can make one think to sell as soon as there is an uplift. It’s disappointing loyal shareholders are not treated with more respect/security!
GLA

Noticing the recent adjustment to the core products here must be welcome in terms of the business continuing as to just absorb all costs would have further declined the gross profitability per item. Just hope they have increased enough to propel the business to breakeven or indeed profitability.

Latest Trust Pilot review ( and profitability?)

Think I would like EVE to begin charging for at least the return carriage costs!

:-

Dee
3 reviews
GB
Rated 5 out of 5 stars
20 minutes ago
Princess and the pea
I must be Eve's pickiest customer. Yet, they still offered me top notch customer service. Katie, in particular, was extremely knowledgeable and helpful. I bought 3 mattresses from Eve and 1 from Emma. The Emma mattress was returned straight away. I found all the Eve mattresses to be of superior quality. I settled on the refurbished premium mattress and returned the other 2. I also asked for an additional mattress cover. I imagined poor Katie on the other end, rolling her eyes in exasperation. But if she was annoyed, she never let on. She handled my requests quickly and was very friendly throughout! Their customer service is amazing and their products are dreamy as well. They really understand it can take time to find the prefect mattress, and are happy to assist you along the journey. Brilliant company!!

Also your own words Wyn!

It’s your (cut and paste) words from you posted for another company yesterday Wyn!
So just proves we really know nothing - what happens next is in the hands of the EVE Gods (I.e. the BOD).
GLA

The other possibility is that the current SP is correct inasmuch its the best the market can do to match the 2 opposing outcomes. (if successful the SP shoots up but if it fails the SP collapses).

Though what if EVE has 4.5 million in bank plus the increase in stock holding up from 1 million to 1.5 million.
With sales up 7% for first 5 months of this year compared to 2020 and as CC says EVE is nimble to changes so the 1.6 million French spending is reduced or slowed down and now price increases are evident on EVE products with sales increasing since May then EVE maybe will reduce last years losses to say very little so they may be slightly down with the core business turnover but increased profits per sale so they may get to profitability next year and just keep the ship afloat for now.
Just stating this as a possibility too. We just as yet do not know.
So one can either be pessimistic or optimistic, one can either buy, sell or hold or one can sit back and silently watch to see how this pans out!

What has brought all this doubt about? I’d it the FSP process being announced or the reported American entity approach which did not amount to anything ( still don’t understand why EVE reported that) or is it the fact that sales revenue was down 15% on 2021 ( I.e up 7 % on 2020)? The wording that they no longer expect to reach market expectations? We had been expecting break even of profitability for UK&I and a 1.6 million loss due to France advertising ‘investment’ . If things are that bad can the 1.6 million planned spend not be put on hold?
These are questions EVE should be answering - but as Yanis pointed out we are only getting complete silence!

correction * it’s disappointing that they have not been clear

‘The last RNS was bad, we all agree on that, and the market has reacted by halving the SP, will it get worse or will it get better?’

Definitely the last RNS was worded badly!

Again compared to 2020 the 1st 5 months of 22 saw sales revenue increases 7% ( yes down 15% on 21 — but it had been highlighted as the best ever yearly start so far).
Yes they said because ( of only this 7% increase compared to 2020) but was worded 15% decrease compared to 2021 we now don’t expect to meet market expectations ( could have said we will endeavour to meet market expectations but it will be more difficult).
What are the market expectations anyway?
The FSP is listed as a way to raise funds to be able to have sufficient funds to hasten the move into the opportunity of becoming the worlds 1st digital Sleep Wellness business - it does not say EVE will go bust or cannot carry on without this inject of cash. — it’s diss they have not been clear as the obvious affect of not been clear has created all the doubts and shareholders selling as if EVE was a hot brick!