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They are NOT Sells today, they are all my Buys @3.4p Try and do a dummy buy and you will offered to Buy at 3.4p :)
This new and groundbreaking (for Eve) partnership is also confirmed on Sana Lifestyle’s own website .... https://sanalife.style/brands/ and says...” The emerging excitement around plant-based wellness, paired with the fact that CBD is tipped to be one of the leading growth categories for wellness in 2021 means that more than ever, consumers are turning their attention to its benefits. eve sleep’s new CBD range consists of oil drops infused with two different types of extracts, both renowned for aiding relaxation”. I Can’t wait to read the next RNS Update from Eve Sleep and am also very confident for an extremely positive next Trading Update as a maiden profit is surely to be announced?
Loskins...Eve HAD 12m in Cash in June 2019...It probably has near to 7m or less now and will require extra funding very soon as Sales are greatly Down for the year also as they recently announded in a recent RNS so that is not going to Improve Cash Burn Rate is it??
Bring back “ Could do this now”on the group chat I say! He talked complete Positivity before Eve crashed even further! Where is he now??? if that’s what you want to hear!....Instead of the reality and truth of the situation here!! Wake up and smell the coffee lads!
I don’t need to “Deramp” Eve do I? It has completely “Deramped” itself! -94% down!! You can Dream on and try and convince yourselves that a recovery will happen! Sweet Dreams! Ha.
Don’t think Argos and Dunelm are going to “save” Eve as they will have to discount the prices for Both Retailers to make a profit from selling them for Eve! Also James Sturrock and FinCapp are Biased as FinCapp are Eve’s own brokers and will always try and “remain positive” no matter what. What happened to James saying a few months back “Sales likely to be H2 Weighted”, when now the real truth is Total revenue for the Year is guided at 25% down from 8% down in H1. As you say “Let’s see what happens“ when the cash runs out in a few months time! Good Luck ??
D-Geeman You are correct, as I told you on 14/8/19, it is a Very illiquid Stock that no one in the right mind would touch Eve shares with a bargepole...especially now! Are you stupidly still buying more shares to try and reduce your Average price as you did a few weeks ago, only before the big further SP drop? I also Corrctley PREDICTIED AND told you all on 12/8/19 that the Merger failure would result in an SP of around 3p. The Cash Burn I keep "harping on about" is actually much worse than 1 mil a month and WILL NO WAY LAST 12 Months as you say! If you read all the recent RNS' correctley you will note that they only had 12.5m left at the end of June but had 16m Cash In April 2019, so average burn of 1.16m/month, so max of 10 months from End of June 2019, so APRIL 2020 latest will be Zero Cash. The burn rate will NOT improve unless Sales take a Mega Turnaround but this is IMPOSSIBLE as H1 Group Sales where down -8% Eve announced, but they have since announced "Headwinds" AND economic backdrop combined with heavy discounting and promotional activity from our competitors have reduced sales further and are now 25-27mil from Guided 34mil, SO Revenues for Year will be a huge -25% DOWN. So the rubbish Eve said in recent RNS about Sales being "H2 WEIGHTED" is complete LIES...iN FACT Sales are getting much Worse now, Not better, hence a current SP OF 2.6p! They have no hope whatsoever of raising any more cash by a further share placing and in the the last RNS you will note they Plan to use "Debt" to carry on! " In such downsides the Directors would need further funding and would consider ways of sourcing this, which could include debt or possible further equity funding. The Directors consider that such scenarios are possible" and go on to say " However, these circumstances represent a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern and, therefore to continue realising its assets and discharging its liabilities in the normal course of business"
Also note...Eve did NOT Disclouse its current Cash Position last week, so must be worsening or otherwise they would have said and also France is dead in the water and they should shut it down ASAP. When they burn the remaining 8-10 million I predict they have left now, it will be certain "Game over" i'm affraid as why when they have spent 16 million quid this year on a "rebuild strategy" and cant even get close to turning any sort of profit, with sales falling rapidly why on earth would any company even consider trying to continue to trade?? DID ANYONE TAKE MY ADVISE AT AROUND 5P AND GET OUT? Hope I at least helped someone make the right choice and save wasting more money by still holding a hopless Share Position in EVE.
LondonInvestor simply because I held a lot of shares previously in Eve but luckily sold at 8.5p on the day of the RNS where they said revenues where 8% down and Cash burn still very high! That was the End for me! and have followed their progress carefully since there IPO. You DONT have to hold shares to follow and post here do you?? I am trying to Help some of you "Daft" current investors who believe Eve's "Rebuild strategy" is working....when clearly it is NOT working. Eve said a few months ago "Sales would be H2 weighted", that was when they announced Group Revenues in H1 where -8% down.....Now they announce Revenues for the Year 2019 are expected to be 25-27 Mil from a guided £ 34 million.. SO Revenues expected to be a huge -25% DOWN NOW...SO clearly going Backwards Fast! Not forwards as after a Year you would expect. It was so clear a few months ago, when i first posted my major concerns and now after this latest RNS announcement IT HAS ONLY CONFIRMED MY CONCERNS TEN FOLD....Get Out while you still can as I advised you all to do at 5p! There will be a small rise next week so might be good time before Woodford "pulls the plug" on the company.
D-Geeman...You are absolutely correct... You are bonkers buying more Eve Shares and There will Definitely be One or more less Companies in the Sleep market soon...Eve will sadly be one of them as they are Spending way to much cash and Sales Revenues are down..No matter how much James Sturrock wants it to work he does not have a magic wand!! More funding will be required soon just to keep Eve aflot and Woodford will not be puting any more in....in fact It will probably be Woodford who puts the final "Nail in the coffin" for Eve by pulling out as he is with other Failing Investments he has made.
Simply put - Far to many Similar companies fighting in a WEAK market...Merger failed so It will soon be game over i'm afraid. Good Night Eve!
Cessation of merger talks, trading update and lifting of share suspension
eve Sleep, a direct to consumer sleep wellness brand operating in the UK, Ireland (together the 'UK&I') and France announces that the early stage merger talks with Simba Sleep Ltd ("Simba"), first announced on 12 August following media speculation, have ended. The board of eve has decided that now is not the right time to pursue the potential merger and that it is more appropriate to focus on the eve rebuild plan, as previously communicated to investors in the Company's 2018 results announcement on 12 March 2019. The board will continue to seek further acquisitive growth opportunities, in addition to its focus on driving organic growth, in order to support its focus on a path to profitability.
Given the cessation of discussions with Simba, the Company has requested that the suspension of trading in its shares be lifted and consequently trading in the Company's shares will resume with effect from 8.00 a.m. on 20 September 2019.
Trading update
eve has focused its efforts in recent months on its new marketing strategy, with the aim of boosting brand awareness and thus driving revenue growth. The board is pleased to a report a 50 per cent. improvement in brand awareness from 10 per cent. at the start of the year. On-going new product extensions, such as the premium hybrid mattress launch, is going well in the UK and initiatives such as the implementation of an ERP system has led to an improved operational effectiveness for the Company. However overall trading has been more challenging than previously anticipated owing to the uncertain economic outlook and continuing low levels of consumer confidence. This economic backdrop combined with heavy discounting and promotional activity from our competitors has led the board to conclude that 2019 revenues are now likely to be in the range of £25m-£27m.
Management's focus on optimising overheads and operational costs has supported a stronger EBITDA performance, with first half losses 50% lower year-on-year. It is anticipated that the reduction in revenue expectations will have some flow throw to the EBITDA loss, though a substantial reduction year-on-year in H2 and for the full year is still expected.
eve will be publishing its full unaudited interim results on 26 September 2019.
Oh dear! merger talks collapsed and report “Weak trading “... Don’t say I didn’t Warn you all in my previous posts!
Trading opens today at 8am. My estimate of 3p could be a reality soon Sadly. Gutted for Them but glad I got out a few months ago when the signs where there. All the best
Nothing exciting Apart from maybe a takeover bid by Amazon? That would be very exciting to me and deffo worth keeping as a" hold"... just in case?? ! :}
Purplebricks soared after Dealreporter reported that Axel Springer, the estate agent’s 27 per cent shareholder, was interested in a full takeover. The report followed market speculation in June that Axel Springer’s advisers could sound out Woodford Investment Management, Purplebricks’ second-biggest shareholder with 19 per cent, about whether it would be interested in selling out.
Lets hope for a very good update....The RNS update regarding the potential Merger will almost certainly be released at 7am before trading starts (God knows when it will be as Eve must be crapping themselves now, as if the merger fails to happen...It is certain game over!)...But please read the RNS very carefully and don't be fooled by the false "Positive" Eve will undoubtedly try and portray regarding the Merger like they did for the last RNS Trading update, lots of people here where fooled by Eve and thought it was "excellent news" that losses had been reduced by 50%, and said "20p here we come etc..." but FAILED to notice the much more important points in the RNS that Group Revenues where -8% down from last year and that Cash Burn still very High (from 16m cash to 12.5m in just 3 months!! to end of June 2019). That's why the SP shot up to 10p for a few minutes during last RNS Update, but then slid back to an all time low of 5p! If they are still burning cash at this high rate and Cash reserves is now below 10mil, then their "Rebuild strategy" is NOT starting to work after 12 months and In my opinion they are doomed, because of course their Sales Revenues will have improved after the recent New heavy marketing Campaign, but at what Cost?? It seems to me that the only way Eve can improve Sales Revenues significantly, is to spend an UNSUSTAINABLE amount of Cash on Advertising... A certain recipe for forthcoming Disaster! Lets hope the Merger completes and their is some positive Light at the end of the tunnel for these 2 heavy loss making companies to survive?? Best Of Luck or get out if RNS is NOT highly Positive, or you will certainly lose your whole investment! :)
Yes agreed, when you put it like that, I'm sure Eve and Simba have nothing to fear from the C.M.A looking at the potential Merger.....It's more about the 2 firms "survival" in what has become a saturated, highly competitive market place!
The two firms have argued that a deal could improve their buying power and cut costs, a pro-consumer claim relied upon by Asda and Sainsbury’s as they unsuccessfully attempted to convince competition watchdogs to allow their merger.
Eve and Simba could face similar scrutiny under current competition rules. “There is significant overlap, with similar features in their hybrid mattresses, trial periods, warranties and delivery. Indeed, the main difference between the two are the physical retailers they partner with and a wider range and price architecture at Eve,” Walton adds.
From the Telegraph...https://www.telegraph.co.uk/business/2019/08/18/loss-making-rivals-eve-sleep-simba-merger-talks-mattress-in/
Reinforces what I thought really.....
One wealthy backer of Simba, the online mattress seller, couldn’t contain his excitement about the start-up’s prospects in May last year. “I fundamentally believe that Simba will deliver a boatload of cash to all investors,” he said.
At the time, Simba, which was set up in 2015, still harboured hopes it would become a billion-dollar company, turning it into a so-called unicorn.
Simba’s arch rival Eve Sleep, which offers much the same product, a foam mattress in a box, was dismissed. “Simba s---- all over Eve, who are public,” said the investor.
Yet the two companies, launched a year apart, are now in “early stage” talks to merge. Rather than a triumph of one side over the other, the possible tie-up is a defensive move that tells of two sets of disappointed shareholders.
Both loss-making firms, one private, one public, are fighting for the same customers, selling almost identical products in a crowded market, both at home and across the Atlantic.
The likes of Casper in the US and Emma, Leesa or Nectar in the UK have all entered the arena in the past five years. The UK mattress market is worth just under £1bn a year, with Simba and Eve accounting for about 3pc of it.
“Merging is the only option to ensure their long-term survival. It’s the first domino to fall in the consolidation of the market as the high marketing costs force many of the smaller brands to merge or fold,” says Matt Walton, a retail analyst at GlobalData.
A city Analyst has just wrote this and he says according to the RNS Simba will become Eve...BUT this will not be good for shareholders as it will dilute Eve’s shares as the company is as he says “illiquid”
‘Pretty illiquid’ holding
According to Bloomberg, Woodford holds 31% of Eve Sleep, or 81 million shares, while Jupiter fund manager Ben Whitmore, who inherited the stock in the Omnis Income and Growth fund mandate, owns 15.6% of the company.
Seven Investment Management senior portfolio manager Peter Sleep said with average daily trading volume of 431,000 at 5p a share the holding is “pretty illiquid”.
He added: “As I understand it, Simba wants to reverse their business into Eve. I assume Simba will want to keep the listing, but that is not certain. If Eve issues shares in a reverse takeover, I assume the existing shareholders will end up with a diluted share in an enlarged group.
“This transaction does not really address the fundamental problem of illiquidity for Woodford and Whitmore.”
Link below...
https://portfolio-adviser.com/woodford-holding-eve-sleep-confirms-merger-talks/
Absolutely correct of course there will be "joint cost" savings!.... But that is not my point...it is the fact they are both Loss making..especially Simba...It sounds more like a "rescue package" for Simba than a Good deal for Eve than say If Eve where planning a merger with "Emma" who are doing alot better in this market than Simba are..... Boo Hoo (A very big profit making company, which Eve Are NOT) as you know recently bought out Karen Millen (A loss making company) made sense, because Boo Hoo's Revenues and profits are "sky rocketing up relatively" but unlike Eve (Revenues going backwards) and a Loss making company buying another "bigger loss making" company just doesn't add up to me?? Hopefully I will be proved wrong !!