Member Info for Kullybahia

Sorry, meant to say non mattress sales are 24% of sales. So not solely dependent on mattress sales, this is 3% more than 1st half of 2018.So on projected £25-27m sales this year, around £6-6.5m in sales.

If Simba wanted a merger it was because they couldn't raise additional capital. Smacks of desperation, asking a smaller company to merge,or to bail them out? Their larger HNWI must be looking to exit their positions? If Eve have enough working capital for a year, and a strong brand, they should be able to get back to profit?Also note non mattress sales were growing by 23% that is a indication of only concentrating on profitable lines.

The current admin expense is reducing fairly rapidly, but bear in mind that they've ceased trading in some territories. With the focus on UK, IRE and France, could see further reduction in 2nd half of year? As to sales bottoming out,the current trading suggests some friction still. The fact that Simba wanted to merge, suggests that they are struggling to keep afloat. Best thing management did was to walk away from any deal, and concentrate on turning the business around. Remember they bought into the placing at 10p, so are aligned with shareholders. Can see one or two smaller rivals going under as balance sheets get tested. Next trading update should show how the company is fairing, management believe 2nd half to be better than 1st?

The admin expenses were £33m for full 2018 year, half year was £19m. This is now £11m for 2019 half year. If full year 2019 is £17-18m? Then they'll have gotten the 2nd half down to £6-7m? If possible, would get the cash burn down to a possible £2m for 2nd half? Just a case of does the current management who took part in the placing at 10p, deliver the turnaround that's needed?

Sales figures lower due to withdraw from some markets. Ongoing cost cutting, but need sales to stabilise in core markets. If a competitor ceases trading would help.Simba must be close to running out of cash , due to wanting merger?

The fact that CBRS is cheaper and expected to grow to$15B in coming years. Demand for bandwidth data to increase from todays current usage? Beggars belief this isn't bought out by a Tech giant, considering the other 3 big companies nearing commercialisation?

The CBRS market is expected to be worth @15billion in the coming years. Federated Wireless is leading the way in this new market, but the sp isn't reflecting this right now?

Dreams didn't drop Eve, they both agreed to terminate the contract, as neither party were willing to make concessions. End of days of making losses, company only interest is making money.

Tree shake by mm's to fill an order?Otherwise this was primed to move. Find out over next week ?

Do believe those 3 buys in 1min @15.30 for 700k shares were mm's filling an order? Now the sp bouncing back up into close?

Trading update in September, all will be revealed. Wether sales have bottomed and are starting to rise? Previous valuation now corrected, just depends on cash burn and if merger with simba? Not long to find out.

Eve are 12 months ahead of Simba in turning the business around. Some large Simba investors must be wanting their money back? With no possibility of a fundraise, no choice but to talk to competitors. Simba reversing into a smaller rival, who have raised money, and are cutting costs. Advantage lies with Eve, when next trading update in 4 weeks.Maybe something will have happened?

More trades early this morning, looking more and more like a large distressed seller. Woodford is the name that comes to mind, await the inevitable TR1 rns?

Look like Simba did the same business plan as Eve and expanded too quickly. Now in the same position as Eve was 12 months ago. Unfortunately the hype over online bedding extras is over, as investors refuse to accept more funding for growth of sales and losses simultaneously. Simba simply put can't raise any money, and reality has hit the firm. Getting Gareth Bale to promote their products wouldn't have come cheap either. Any deal would be on slashing costs for both companies, while agreeing distribution and who is on the new Bod?Terms of equity would also be needed to be discussed for both. If Eve give a offer it must be sub £10m? As Simba is the bigger company, they may have no choice?

Better Eve just walk from any deal.Simba need a bailout, smacks of desperation. Concentrate on current turnaround, and let rivals go under.

Dependant on the terms of the proposed merger? Is Eve buying Simba? Is it a merger ? with Simba shareholders receiving Eve shares? With what amount of equity % Until the two Bods talk and decide, just speculation. Prefer a buyout of Simba, so sales are added without much cost. Then a further deal with another smaller competitor to bring scale. Early days before arrival of any news.

Then simply buy his 22% , as that's what is holding back the sp?

With $100m sitting on balance sheet, you would think a buyback of shares would be prudent at current sp. 50m shares @ 60-70p is $36- $42m. Still leaves $58m for future company development?

Don't see any other company advertising so aggressively on t.v. This must have a positive impact on sales, plus new management took part in placing at much higher sp.Why do that if not confident of turning things around? Some people so bitter because they sold for a loss. Yet talking down the company, when not invested anymore. Just panic selling during summer quiet period, 6-7 weeks from trading update. Customer reviews better than Emma Mattresses, so sales should come in . Can't wait for update, will show turnaround working.

Yeah, agree Invesco or more likely Woodford. Why didn't they just sell the lot when 70p instead of drip selling?