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Stockopedia shows
TTM cash 2.37m
Debt -2.35m
Cant see a placing.
All rides on tomorrow's news.
Will rise into close for sure on news speculation.
The important question is.. how many customers do return their mattress after 12 months?
Customer returns are the nemesis of the likes of Asos and Bohoo, but does this affect Eve in the same way?
I agree the number of returns is important but unless we have seen figures we do not know what percentage they are.
12 months trial does seem excessive. 90 days would be better.
It's might be that most customers are satisfied and that returns are actually low as a percentage of overall sales.
It is not often but an AIM company does a placing and then the share price rises to above what it was before the placing in just a few days. And a mid of 2.975 today is very encouraging.
The price might drop slightly when the shares are actually introduced but usually this sort of company needs to give a massive discount when announcing the placement of the usual 20 30 or 40% (or the ridiculous 70% in the recent case of Xeros Technologies).
As per the BIDS RNS..
"The Placing Price of 2.85p per Placing Share represents a nil discount to the closing middle market price of 2.85p per Ordinary Share on 05 October 2022, being the last practicable dealing date prior to the date of this announcement, and a 4 per cent. premium to the 10 day volume weighted average price of 2.73 p.
Very encouraging
Yes I can see your reasoning . But if [eventually] they strike oil could 10p not be surpassed?
Its great the price has risen so significantly so quickly and has held well during the placing announcement - not something you see often on AIM.
The current ask is 3.75p so the subscription price of 3.5p is only a 7% discount.
I have read a few posts on here with some saying they will take up their full allocation.
I am just thinking the way the market is behaving in general with the DOW falling 1500 points last week this might get closer to 3p before moving up again?
Then again, a share that only drops 6% (4p to 3.75) after a placing announcement and during a week the Dow falls 1500 points could be a great sign this is only going one way and that is up?
Still, a 7% discount does not seem very much.
Just throwing my thoughts out there to generate some responses...
Okay, they lost the court case. A Canadian Court decided it was unfair that CineWorld changed it's mind about buying a Canadian company because of the pandemic. But if a genuine worldwide pandemic is not mitigating circumstances for wanting to pull out of the deal I don't know what is.
Ellon musk decided he did not want to buy Twitter because of of something he later discovered and I bet he will get away with that.
Offering to buy a company for an enormous amount of money just before a pandemic when the company you were buying relies heavily on foot fall is definitely mitigating circumstances.
If CineWorld win their appeal this will double in value in one week or less.
Wow. Down over 60% in one session. Shorters must be having a party.
Never say never re going into administration, but my local Cineworld is a fantastic place. Just referbed in 2020. We recently enjoyed a number of movies there including the nrw Jurassic Park movie and of course Top Gun.
I'm a firm Believer something positive will happen at some stage. If there is such a thing as Too Big to Fail this could be it.
8 pence does seem like a bargain. Normal market size (NMS) is 10,000 which means you could grab a normal market size order for around £850.
I normally stick by the 3 day rule of don't Catch a falling knife but I might break that rule tomorrow.
There used to be a pub on every corner. Now there is a Greggs bakers.
Stockopedia ranks it overall at 59, but it gets the maximum score of 99 for "Quality", and lately I am hearing all of the pundits on CNBC talking about quality being one of the most important factors of a stock in the current economic environment.
My local Greggs has told me that most stores will now be open until 9pm. Once taxi drivers and people finishing work late find out about the later opening sales should increase. Also, the stores need to be open for the online delivery people to collect the orders so an increase in sales there too. If you fancy a Greggs for your tea or supper you now can.
My local big Greggs in Newcastle beside Aspers Casino is open until 4am weekends. It actually has a doorman on the door lol. Instead of going to the famous "Big market" for your kebab or pizza the queue is out of the door at Greggs with people buying pies, pasties and sandwiches when they hzve the munchies at 2am.
And when I am working in London Greggs is less than half the price of Pret et al for a similar meal which tastes just as nice.
And they have already introduced their price increases as have all their competitors so they are still the best value out there and obviously still selling plenty of produce based on today's results.
These were £33 at xmas so still a relative bargain at £21 (still 36% off Dec 21 highs).
Good RNS, but haven't even started Phase I trials yet. This approval is just for the start of the development phase, not the approval of the drug for use which will be years away.
3) With rising energy costs and inflation some families are struggling more than ever, so potentially a lot more customers for Morses compared to the good times.
4) They are one of the top digital lenders which means smaller costs because few where agents need to actually be driving around and knocking on doors and collecting loan payments.
5) Stricter lending criteria does been fewer customers but it also means fewer bad debts.
6) A few years ago I subscribed to Stockopedia and Morses Club where the top of the tree and the most reliable and financially secure companies on AIM. Admittedly a lot has changed since then, but in the land of the blind the one-eyed man is King. When you can't go to traditional lending sources for loans, Morses Club is definitely one of the better options.
1) Keep an eye out for any large buying. They might have done this deliberately to reduce the share price to allow mates to buy on if the results are going to be better than the market expects
2) POSITIVE: The average value of Morses loans is relatively small so any payouts will be small. They were also one of the strictest lenders but should also help them one of the down sides is if you make a claim they can no longer lend you again which reduces the number of eligible customers
Interesting posts.
Trying to get in cheaper or just making other potential investors aware:-)
I've been in SOLG since 2013 and they still haven't mined any gold.
"Much work to be done and finance raised to move to the next stage".
This was 0.9p prior to suspension. I accepted the 1.9p in Jan which was a 110% premium. It took almost 60 days to get my money which was paid into my trading account on the 9th of March.
A lot has changed with the war, and the price of oil has shot up, but I do not trust this company an inch and would rather invest my money elsewhere.
Losing half a million quid with some fake Sheikh story for funding which a school boy could have seen was a scam.
Lending a director a million quid and then he does a runner.
Drama over.
Lesson learnt.
Morses have started to get a LOT more claims from customers.
Remember what happened to Amigo. 276p in June 2019. 164p in Aug 2019 and 3.17p today.
Look at non standard finance. 44p Sep 2019 and 2.36p today.
Maybe the days of the pay-day-loan company are over. I agree that Morses was a much better ran company who were a lot more transparent with their loans and rates. Their new digital platform is also impressive, and they still expect to make a profit, but down 64% in a day and mounting customer claims from people who have now decided it wasn't such a good idea to take a high percentage rate loan out could mean more pain to come. The FCA usually always take the side of the consumer.
1 Your platform asks if you want to accept the offer to sell at 1.9p or take no action (Lek are recomnending no action).
2 The default option is usually no action / do nothing.
3 I have decided to sell. I'll take a small loss but I think this is the best way of recovering the maximum amount of my money.
4 I had to complete a short process whereby I type the number of shares that I want to sell into a box. They are not sold at the moment until Lek provide the funds. Or rather IF Lek Nigeria provide the funds.
5 I did not have to give my bank account details or do anything else. My Lek shares are safe for the moment.
6 The bid price before suspension was 0.9p. So the bidder are offering 100% markup.
So what happens next? One of several outcomes
1 Lekoil Nigeria stumps up the cash to buy the shares that are on offer from those who accepted (the platforms have a process for this)
2 They don't pay up and the shares relist.
3 They dont pay up and the shares are delisted in March. In theory they are still worth something and could still be traded but trading them becomes a lot more difficult.
Have until 13th of Feb.
One strong bit of advice is only do this via your platform do not deal direct with the bidder who have offered to buy Shares Direct from people via their bank account. Stay on the platform and stay safe.
I like your post. I too Fly with Jet 2 (or EasyJet), Bank with Lloyds, go to Cineworld, buy my magazines at WH Smith etc etc. Oh - and get my pasties at Greggs!
Can't believe these are down 20% in just a few sessions. Read a broker note two weeks ago with 3600 price target.
There used to be a pub on every corner. Now there is a Greggs!
This is a quick and accurate test, no doubt about that, but it needs a special machine for PoC use.
Currently it's the self test kits that are in demand in large quantities. Every household and workplace in the UK is trying to get the self tests that are in very short supply.
Novacyt and other companies who have proven track record will have market advantage with PoC testing.
Let's see what the day brings...
Todays RNS says drill will take around 5 weeks. I see Longboat have 8% stake (quite small?).
This was 90p a few months ago. What do you see this going to if the drill is successful and the 41mmboe estimate for Ginny and 27mmboe for Hermine is accurate?
Yes, I 'no' about it now. It's a PoC (Point of Care) test That would be carried out at especial location so the test results are available within 7.5 minutes positive result or 17 minutes negative result.
That is quick, no doubt, but it is the self test home kits that are most in demand in large quantities. Every household and workplace in the UK is trying to get the self tests that are in very short supply.