Esr 2022 Share Discussion Threads

[clocktower] 15/11/2021 10:10

Your right again there T101. Do you think the MM are limiting the amount on offer to provide a smokescreen of lack of availability?

[terminator101] 15/11/2021 10:04

More buys than sells huh, which is always the cry from rampers when it drops. But its simple market mechanics as people buy because they think its "cheap" so the reality is that comparison means nothing.

[clocktower] 15/11/2021 10:01

Looking at the trades there seem to be a lot more buys than sells, so far but early days as there must have been a seller with a pretty large lot to dump.

However, I just did a dummy trade of 50k and could not get a quote even - something cooking?

[clocktower] 15/11/2021 09:55

You could be right T101 but for how long?

[terminator101] 15/11/2021 09:44

Lol, 3.1p of course. But from the looks of today's price action 3.1p is going to look like a good price to sell soon

[david gruen] 15/11/2021 09:34

I'm holding out for 100p, you can keep your 31p.

Termie's reasoning (as always) is flawed.

[geemantw] 15/11/2021 09:24

31p is your prediction? Would suit me...

[terminator101] 15/11/2021 09:22

130p to 31p boys. You are all clearly amazing stock pickers. And marketing and price is a big thing selling mattresses and their competitors are not just better than them, they are also cheaper. But looks like you boys are well used to buying things that are more expensive than they are worth huh

[david gruen] 15/11/2021 08:56

I think Terminator shops at Nettos, B&M, and Primark!

What do you drive Termie? A Dacia?

[geemantw] 15/11/2021 08:55

'guaruntees.' 'Only a lot cheaper.' – I guess you get what you pay for :)

[clocktower] 15/11/2021 08:39

Nothing misleading at all, the facts about the cash etc are in the results posted in September.

"-- Net cash as at 31 August 2021 increased to GBP5.9m, with minimal H2 outflow expected

-- The UK&I is on-course to report a healthy positive marketing contribution for the second consecutive fullyear as the region moves towards profitability in 2022"

[terminator101] 15/11/2021 08:06

Hardly likely to be working for simba clocktower. But anyone with half a brain can see that their main competitor (that they failed to take over) has at least as good an offering but at a significantly lower price point. Still not fessing up to posting misleading information here though, so got you nailed on this and that other dog you were promoting BBSN while you were in it. Of course as soon as you had sold your shares there you were straight on to trolling it Mr flip flopper.

[clocktower] 15/11/2021 06:41

Showing your true colours now T101.
Working for Simba are you ?

Sadly the previous management did indeed piddle away shareholder value but since the appointment of a woman CEO the shares have risen from around 1.3p to the current 3.1p as you point out. Not bad for starters.

Have a good week T101 and thanks for your input here as your views should be given the consideration they deserve.

[terminator101] 14/11/2021 21:24

130p in 2018 to 3.1p huh. Yip its been an amazing journey for this loss making fuff, and looks like the winds are against them again with the H1 losses increasing more than their tiny revenues increased. Add to that their online competitor is winning awards while eve waffle on about building a brand or moving into CBD (newsflash: the whole CBD ramp is over lads)https://simbasleep.com/Award winning mattresses, also a which Best Buy, and money back guaruntees. Only a lot cheaper.

[terminator101] 14/11/2021 21:07

What's worrying about this loss making fluff is that they have separated out all the "admin" expenses and "distribution" from the cost of goods. Seems that is just some way of talking up the gross profit, a way of misleading investors that they are headed to make a profit when they are not. Seems that losses are going to increase for this year if the H1 results trend is to be believed. How long before the dreaded "haven't met management expectations" huh

[terminator101] 14/11/2021 21:03

Just ignore that you posted false information about the company on a public bulliten board huh. As I said, not your first gig either. Do you do that a lot to support your own position, while coming across as though you are actually knowledgeable. I recall I pulled you up twice on BBSN.

[clocktower] 14/11/2021 20:14

Pick the bits you want to T but loss making as you point out, much like this but the losses are what stakeholders foot the bill while directors draw salaries.
Not to forget that BBSN dropped from around 1.8p when you were talking it up I seem to recall if my memory serves me correctly.

Luckily for you it is starting to rise a little, as I guess they will be raising more funds for another tack on.
Are you underwater there as well?

So are you going to provide a forecast on what you expect the bottom line losses are likely to be for this business?

Maybe a few more RNS about some new contracts might help your cause, if the contracts are sufficiently profitable.

[terminator101] 14/11/2021 17:55

Except that's false information clocktower. From the interims the cash position moved from £9.2m to £5.2m (that's a reduction of £4m) and they also noted that they are losing £3.1m in cash from operation in 2021 H1. That's all consistent with the fact that the half year loses have increased from £1.3m loss to £2.3m loss. However, this is not your first gig at misleading investors on these boards is it clocktower. You had to be corrected in Brave Bison if I recall about statements you made about profits. Investors should be very wary of taking anything you say at face value and check for themselves. Revenue 13.9 12.2 +13% Gross profit 7.6 6.8 +12% Gross profit margin 55.0% 55.6% -58bps Marketing costs as a % of revenue 32.7% 25.3% +737bps Marketing contribution2 0.7 1.5 -GBP0.8m Underlying EBITDA Loss3 (1.9) (0.8) -GBP1.0m Statutory loss before tax (2.3) (1.3) -GBP1.0m Cashflow from operations (3.1) 1.8 -GBP4.9m Net cash at period end 5.2 9.2 -GBP4.0m

[clocktower] 14/11/2021 17:12

Net cash increased to £5.9m at 31 August 2021 and minimal H2 outflow expected.

Sales were also looking like they are forging well ahead of 2019 figures.

I acknowledge your concerns T101, so if I held your views I would not continue to hold the stock or add, as some have clearly been doing over the past weeks, not to forget Mike Lloyd buying 500 thousand share at around 3.14 recently, taking his holding to 1.5 million.Could you really be a buyer talking the stock down to pick up more cheap stock?

I am sure all posters are grateful for your take on the BOD salaries and rewards for taking steps that should result in turning this into a successful enterprise and trust you will continue to post your warnings to prevent any naive investors from buying the shares without doing their own research, as they should always do before investing and risking funds they might not be able to afford to loose if everything goes the way you appear to believe it will.

I highlighted what value this was when it was around 1.8p so since then there have been opportunities to sell at a considerable profit.

There has been an introduction of lots of new sleep related products along with the recently added CBD products that will I am sure attract a lot of new clients to EVE.

[terminator101] 14/11/2021 16:05

Oh and I note that you miss out the estimate of losses for 2021, even although the interims show that the losses are increasing. Headed for more than a £4 million loss this year if they keep up that amazing performance

[terminator101] 14/11/2021 16:03

The time to reward themselves with big pay rises and massive share options is after they have got into profitability, not before. Its not like the CEO is new to the business either. All the upside and no sharing of the downside risk, so hardly skin in the game.

[marketboy] 14/11/2021 09:53

It appears their 3 years turnaround strategy is working with gradual increases of revenue and significant reduction in losses:

2018 Revenue £29.4M EBITDA -(£19.1M)

2019 Revenue £23.9M EBITDA -(£10.9M)

2020 Revenue £25.2M EBITDA -(£2M)

2021 Revenue £13.9M H1

Revenue in H2 of £15.5M would get them back to 2018 level with a much reduced loss.

How much would you pay someone to reduce £19M loss? £5M...£2M...£1M...??

[terminator101] 13/11/2021 13:24

Anyone curious as to how much the Directors have been creaming out of this lossmaking fluff, while the share price has gone from 17p to 3p in 3 years and 7p to 3 p in one year. Well for that amazing performance Tim Parfitt took £156,560 which was a nice 133% rise on his 2019 salary and Cheryl Calverley took £102,766 for 6 months, so the equivalent of over £200,000 a year. And thats without the nice little earner of millions of share options at an exercise price of 0.1p. Nice work if you can get it huh.

[terminator101] 12/11/2021 19:00

Hemoragging cash, losses increasing, so even if revenue is going up a little, this dog is massively overvalued.

[david gruen] 12/11/2021 08:30

There's still time. :-)

This isn't one for daily monitoring in my opinion. They're turning the ship around and this will be the recovery play for the decade. Let them do their stuff, and come back when it's 100p per share.