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When you try to access the French side it looks like a site about to launch (that's what the message on top says anyway), so maybe a UI restructuring of sorts? Was this what was there last week D-G?
French message: Nos petits génies de la tech sont en train de faire quelques petits ajustements sur le site (enfin, pas si petits que ça). On vous donne rendez-vous d’ici quelques jours pour découvrir tout ça.
Translation: Our little tech genius are making a few small adjustments to the site (actually, not so small after all). We ask you to come back in a few days to discover all of it
I wonder, how can there be such a difference in revenue growth between Simba and Eve? I know we are being less aggressive in advertising than them, but 13% vs 130% revenue growth for H1 seems we must be doing something wrong? (Especially since Simba are actually profitable, so it's not like they bought sales at any cost). Any ideas on this?
He says he'll still be a "loyal shareholder" in today's statement, so hopefully not...
D-Geeman, I think you were referring earlier to the Q at 59:20 (https://www.investormeetcompany.com/investor/meeting/retail-investor-call-with-eve-sleep-management-final-results). Can't understand exactly what they say but seems like the question is along the lines of whether there'll be more director buys in the near future and they have a good laugh about it.
Does anyone understand what Cheryl says when they speak over each other? Seems positive anyway!
I actually think it's against Q4 2020, cause it literally mentions revenue "representing an acceleration from the last quarter of 2020", and if sales were only 16% higher than Q1 2020 they wouldn't have improved last quarter's
Yes, insane now @ >150!! (Synairgen)
I actually do think most of his investments were sound value, but you can't have that much in illiquid stocks if you're running a fund, because a spike in redemptions can create a liquidity crush and set you in a downward spiral that's not going to end well for you
At least it does end well for us as we can pick up the broken pieces for a bargain price :)
Yep, I'd seen that one, I think it's the most thorough list out there. Was confused by YU cause it's not there, so I thought maybe there were some potentially over-battered stocks out that I didn't know about ;)
Nw and thanks for the answer!
D-Geeman: a bit off-topic, but I recall you mentioned YU as another Woodford-battered share a few days ago. That's one that wasn't on my radar, and I wonder if you have a specific source where to get this info (shares where he had big holdings on) from, or maybe a list of names?
Actually inventory restocking shouldn't affect the EBITDA, as that inventory will enter, probably at or very close to cost value, the balance sheet. It will only affect the cash position
Wrt the theory that CC published the RNS to tame SP growth expectations... @wyndrum I completely disagree and think you're missing a key point. The RNS upgrading the yearly revenue expectations does so based on very strong trading in July and August, which are NOT included in the HALF YEAR final results that came out a few days later. We have no numbers on those months yet, but based on the fact that May and June were finally profitable and that Jul&Aug prompted an expectations upgrade, I'm very confident we're now at the profitability level you say it's so far away.
On a different note, I think the Boots move is brilliant. The impact on revenues/profit will likely be small, but even if it just broke even, it's huge brand exposure precisely to the most important target customer group, and one that is hard to tap into for an online-only business.
One thing to keep in mind (wrt your estimation of cash position) is that from Dec19 to Jun20 cash went up because both trade & receivables and inventories went down by a bigger amount (which explains positive FCF vs negative earnings), so coming in at 9M instead of your 9.4M could be explained by an increase in inventories or receivables and doesn't necessarily mean worse-than-expected sales.
In fact I think the contrary is true. EBITDA for May & Jun is now confirmed to be positive, which is huge!, and it was likely positive in the summer months too.
"the bull argument here convinced me to get back in, so I did last week, and increased my stake further this morning"
You always seem to buy just the pumps and sell before the dumps, but coincidentally only talk about it after the move has happened... Go try to fool someone else buddy
Yeah, for something reason I was also convinced it was towards the end of May, but can't find confirmation anywhere. I emailed IR last week but still haven't heard back. If anyone can give them a quick call to confirm I'd really appreciate it, as I'm not in Europe right now.
Would be nice to have a covid update and hear some thoughts from the new CEO sooner rather than later.
Does anyone have any info about the AGM? It usually takes place around this time but there's nothing on the investor website yet
Why do you say it's paused?
The way it's phrased actually entails that it breaks even at the operating level. If you read properly the "before overheads" is in between the brackets. So overall operating BREAK EVEN = (POSITIVE margin including direct&marketing MINUS overheads)
It's just share options granted at 0.1p exercise price, not 10p... basically just a vested bonus pay. It's just in almost "free" options rather than outright shares for fiscal reasons