Being that eve plans to issue a scheduled trading update on the morning of its AGM, covering its performance for the first four months of the year, sounds good and usually is when they do proir to the AGM.
Still have the seller trying to get out at this level , no prizes for who that is, but the good news is we must be near to clearing this seller and once gone next level should be in the 1.8 and should move quicker after the over hang has gone. All looking good and that's without news but it seems a bit leaky as far to many buy's just on a punt.
By the end of the month cost cutting should be completed change in management complete AGM Coming up offer of buyout ready IMHO timing couldn't be better insiders have taken their positions judging by the volume last 3 weeks.? All that needs doing is set the price the market will influence the price giving that drop from former highs things have changed from August talks, and am sure the company was told to get its books in order before any final bid was going to be in place? That's done now IMHO the RNS in regards to virus inpack expected after all its online shopping, and that could go either way ? Major competitors gone now and market is consolidating and with the big boys pulling out don't make sense unless news of major market changing news is in the pipeline. Definitely something brewing in the back ground ? I guess the price for EVE could be 18 / 24p every body would be happy with that next week should be good GLA
Tomorrow should see a lot of trades , and with the overhang gone this should see the advance towards the 2p mark and will draw a lot of attention, and if it gets near tomorrow Monday will be interesting . I still think there's some surprises heading this way with transfer to profit Q1 the question is how much? and how much more can it go ? with the biggest and nearest rival going, leaving a massive potential uptake for Eve . future growth is more or less in the bag for Q2/3/4 end of year results for gross turnover IMHO 35mil give or take and the market is smelling that profit ,coupled with further cost cutting can see this going multiple bags from here for strong holders . This is one to buy and stick in the bottom draw 2 or 3 years from now could be a pension pot.
Check out eBay over the last 3 months they have sold thousands of refurbished as well . So how many been sold since November? got to be 10 of thousands I rember the return rates been mention quite a while back and that from memory was around 7% I quite convinced this year there sales will top any previous year all the signs are there , if that's the case and the remainder of the cut backs are made we will see plus 10p in Q2 just need the figures to be released.
Premium hybrid mattress £899 or £67.43/month with 0% interest Note the last bit, interest free payments going to make a huge impact on sales? this is new , EVE saying deliveries as normal and also extended the trial period for 100 more days, again another sale's tool. nearly 5000 reviews on trust pilot ? massive increase on any other period that EVE have had and started well before November Q1 & Q2 figures looking like they could possibly be game changing, and more retail lines been included with high profit margins. All looking very good
We could really do with an update to the covid 19 issue as you would expect the sales would be effected negatively, but if trust pilot is anything to go on things have never been better with 27 % more reviews than an already good January you would expect that to follow on to sales. The original mattress from 2014 was good but people like me may have just replaced it as it was. well 6 years old .The brand is easily recognized, and is a good product with a rolling renewal could be fantastic news for eve. this could explain there renewal rate and should increase as this year proceeds? all in all this could be a very good opportunity for if the figures are correct and EVE have turned a corner with up take in the product and a wider spread of products in this online market could do very well.