The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am thinking the same, the share seems to be being played by the MMs. I sold out this morning as I can see it being dragged back down. If so, then I’ll buy back in ready for the next update.
There were 2 goes at 2.4p today, hopefully we can exceed that tomorrow and begin a gradual rise back up to fair value - at least matching the mcap to the cash in the bank!
Chart is showing a move up to 3-4p in the coming weeks from what I see?
Great interview with the CEO this morning:
https://www.youtube.com/watch?v=9T2bp2_u0iw
Strong sales has continued into July!
Can sell all of mine but NT to buy as well!
I have also added more this morning. Bargain at this price - cash positive and their normally busiest months still to come!
What is the point in that link? It is a completely different company..
The CEO Is working hard to get the Eve name out there and also repeated the point of sales in an interview this week (found here: https://www.festivalofmarketing.com/festival-blog-2020/interview-with-eve-sleeps-cheryl-calverly )
We saw a big increase in purchases of single beds, pillows and bedding as customers sought to house unexpected guests for longer than planned, and set up additional bedrooms for isolating. And we saw an increase in people buying things like toppers, looking to upgrade their bed without having to invest fully in a mattress. It’s been a fascinating time.
I agree, I still think there is some selling overhang here from Jupiter or Peel. Hopefully we see the TR1s soon..
Looking forward to the trading update on Friday. If it is anything like the CEO’s interview, it should be very positive. Eve have been lucky during covid-19 picked up new buyers, no big expenses and now have their house in order, not forgetting the £8million cash they also had on the accounts!
Excellent factual post from in the week for any doubters from an experienced trader and former investment manager:
https://twitter.com/mylesmcnulty/status/1259753496716476416?s=21
Fantastic news, makes sense why it didn’t tick up on all those buys yesterday. TR1 that Jupiter are out this week then?
Looking forward to this, I expect us to rise going into this - hopefully the SP will begin to match the cash position.
4th day in a row that buys have massively outweighed sells. Just got to wait it out, the general market has not helped over the past couple days either.
Some good news coming out of TPN (part of ESL) over the past couple days, working with the NHS:
https://thepalletnetworkltd.co.uk/news/kime-transport-ensures-fast-turnaround-of-beds-for-nhs-pilgrim-hospital
Looks to be a few buy orders going in.
Ignore him, he was calling 20p on this a few weeks ago. Obvious agenda
Volume is going through nicely, third day is a row that buys have outweighed sells. The update subsided the risk with the extension. As Myles said, a lot can happen in six months and he is happy with his holding at 9.1p!
Strong sea of blue coming in at the end. I wouldn’t be concerned, not nice sitting on a paper loss but a few buy orders are/have been filled. This was down in the 5’s and went up to 13 very quickly before.
Plenty more buys than sells so far today.
Buy order*