Eve Cash Position20 Aug 2018 12:15
Anyone know the latest cash position of the company? On 12 March full result RNS, there was about £27m net cash and no debt. In the latest trading update Paul Pindar, Chairman of eve Sleep commented below. I bought a small chunk as current MCap is £20m. No brainier to me!
"We have a healthy net cash position, our trading continues to far outstrip that of the market and should be underpinned by Company growth initiatives including the Dreams partnership that we expect to benefit the traditionally stronger second half. We remain convinced that the sleep market will continue to transition online, that the opportunity to build a new brand of size and strength is significant and that eve is well placed to achieve this."