Member Info for gregpeck7

D Geeman, this is the point I have been making.

Eve need help to grow and get through this period. They also offer many competitors an opportunity.

But they are not a distressed seller. They are not ticking towards a bond payment. That means they are much more in control of their own destiny.

There are any number of takeover scenarios.

A competitor buys Eve to increase revenue and economies of scale and lower competition
A John Lewis / Next / DFS adds EVE as a trendy in house "sleep" line, that they then maybe also sell in other retailers and DTC
A new owner swoops and takes it private - our "American investor"

I could go on, but the one scenario that is not going to happen is the bond investors taking the company for nothing because the debt has been defaulted on. There is no debt to default on.

All this makes me think, that from THESE LEVELS there will be positive momentum as what is on offer is worth way more than a couple of million quid.

Unless there is one buyer it is likely there will be some sort of competition for the assets, and this process is all about finding out who is out there.

I will be stunned if the answer is nobody, this is a quality brand, with quality products.

Yes, I see EVE as being in a vulnerable position, but not a super weak one.. I don't think they can be overly fussy - IE I think a 2p plus offer would have to be considered.. .But I don't see this as a "fire sale"

France looks to be starting to take off potentially and there is a lot of hard work "done"

this business could attach itself to many other ones very easily.... And although "morale" is low at the moment - from an investor perspective, the sleep market, is huge, its growing and its hot. And EVE

It will be very interesting to see what happens over the coming weeks.

So if say a 2p offer is made, the board are clearly not obliged to recommend it but do they have to put it to a vote? Or can they block an offer if they deem it "too low"?

I know in normal times they could, but under this process are things somewhat different?

I think the difference here, as I have said a few times is the lack of debt. That is extremely unusual, but also more likely that a sale will be agreed or a favourable investment, having a ticking debt time bomb, is like a noose, that simply is not here. Also the equity price is on the floor, so Eve "could" be acquired (IMO) for a very small amount relative to even just 12 months ago.

Whatever the doomsayers think, you get a hell of a lot here all in...

I think around 8 - 12m will get the lot....

So 2.5 to 3.5p for share, and, for me that is a steal.

Well although many share holders will not be happy with the current SP, it does seem to have found stability and support around the current level .

I failed to notice this first time around...

As a result of this recent progress, sales orders for the direct to consumer business for the last three
weeks have grown 2% in the UK year-on-year, and 40% in France.

Are they starting to make France work? That would be very significant.

Cheryl Calverley, CEO of eve said:
"eve has the opportunity to become the first digital sleep wellness retailer given our award winning mattress ranges, strong brand and suite of wellness products, including our new CBD sub-brand ‘Well Slept’ in the on trend and rapidly growing global sleep economy. However, in order to fully achieve this long term potential, particularly in the face of weakening consumer confidence, there is a need for additional investment. Recent inbound investor interest has led the Board to conclude that the optimum way to build shareholder value and realise the opportunity in sleep wellness is to launch a strategic review to secure either a new owner or a major strategic investment partner.”

Recent inbound investor interest.

Maybe they will now be back.

I think DG is very keen that the last message left on the board be a negative one!

Really good point on the listing.

I am not blind to the issues here, I just think they are being overstated when the share price is 1p. I think there is a hell of a lot of offer here for a potential acquisition and it is unthinkable until this week that you could maybe get your hands on the lot for 3 pps? That’s a very tempting deal imo.

This is against a backdrop of a current sub 3m mkt cap..

I say again, most administrations become asset stripping exercise because there is a debt covenant breach. Not the case here, there is cash in the bank.

Any lifestyle brand, M&S , John Lewis, Next, could add EVE to the stable, also DFS etc etc, the transaction would be similar to a rounding error at the current price, even Amazon may be interested, why not, use it as the Amazon mattress range....

I see this is a starter for 10. The thought that this is not a decent buy at 1p per share is just nonsense.

Zero Debt
Which award winning product range
Could Trade profitably in UKI (I would just ditch the foreign adventure)
Outstanding range of sleep wellness products
Premium and well respected brand
Website up and running and a "good" web experience
Superb trust pilot rating
30m of revenue per annum
Loyal customer base
Customer information database

Yep. It’s like team suicide on here. Nice finish building back nicely.

If they were to be bought out of administration, this would be potentially a never occurring event.. As they have no debt, that is the usual push into administration. That simply does not exist here.

The equity is now so cheap an all share offer is the logical way to go.

Agree. Expect people will start loading up around the 1p level.

It was still said and it was not that much before.. And you claim to be a shareholder lol...

I believe they are already reducing the discretionary marketing budget. Plenty of levers to pull here DG.

You seem to want to see the worst.

On the last call I was on they said if they wanted to make the UK profitable - they could.

Pretty sure if they pulled out of France and Belgium etc they could run at break even at worst.

Exactly this. I think some form of middle ground will be found with 3p being where I see the transaction taking place.. Give or take 20% either way.... That's still multiples of the current price... There will be plenty of interest in taking this on IMO at the current levels.

I would expect cash is at least 3m... Current mkt cap around 2.6m?

So if you were to say buy the lot for 2p (which is still 100% up from here)

It only actually costs 3m..

Why is this attractive?

Zero Debt
Which award winning product range
Trading profitably in UKI (I would just ditch the foreign adventure)
Outstanding range of sleep wellness prodcuts
Premium and well respected brand
Website up and running and a "good" web experience
Superb trust pilot rating
30m of revenue per annum
Loyal customer base
Customer information database

I could go on.. But this is a stonking buy at these levels.. Someone will buy them...

The idiots going on about administration don't know what they are talking about..

The BIG difference here is there is no debt hanging over this. Almost always there is, so you do need to "buy " this company... And its a steal at these prices.

Rns issued yesterday to say it may well go into administration. Nothing left for shareholders and stock is higher!lots of fun and games to come here… 1p will look like stealing soon enough.