Esr 2022 Share Discussion Threads

[clocktower] 04/4/2022 15:57

Someone loves them! Back to 3p soon maybe.

[pillow] 04/4/2022 15:02

https://twitter.com/cbdsloth/status/1510528243140550662?s=21&t=btKVkXH7zXnQPjNfJwNHSQ

[fxl5] 04/4/2022 14:16

As long as the roots are not severed, all is well. And all will be well in the garden.

[david gruen] 04/4/2022 13:20

I wonder if THG could turn EVE into a global brand?

[david gruen] 04/4/2022 13:13

lol Where's the ramptastic RNS then?

You're obviously new to this game.

[glavey] 04/4/2022 13:03

Or maybe the share price is being 'pushed' for a raise...

[gotterdammerung] 04/4/2022 12:44

First months sales through DFS have been strong with additional products lines to be added obviously leading to full takeover time to accumulate heavily ahead of this. No Brainer for takeover IMO

[pillow] 04/4/2022 11:31

Something afoot volumes rising DFS bid who knows??

[clocktower] 04/4/2022 11:15

Retail is not the sector to be in now, in view of all the rising costs and the likely hit that consumers are taking though inflation. Still, maybe DFS might buy it.

[geemantw] 03/4/2022 21:03

PS "or they default on debt" – You do know they don't have any debt don't you?

There's been a lot of good news coming from eve recently, DFS etc.

This was out today. Nothing major but every little helps..

hxxps://cbdsloth.com/reviews/cbd-oil/eve-sleep-cbd-oil-review/

And this on Friday
hxxps://www.gq-magazine.co.uk/lifestyle/gallery/weighted-blankets-uk/amp
Eve weighted blanket is the winner of that one.

[geemantw] 03/4/2022 20:54

It's no secret that eve have been making a loss and the statement has appeared in their final results before now (presumably every year) even when the share price was much higher. CC says they are working towards breakeven in UK and EI this year (then sustainable profit) and France is following along the same trajectory. You either believe CC or you don't, which is fine; you are not alone in your belief and that's why the share price is where it is. One 'camp will be right and the other wrong. Currently however, in the case of a company making a loss it seems obligatory to include - and plenty of companies have made losses before making profit - the warning. It is not akin to a prediction of going bust which is what you seem to imply. I would argue that the situation eve finds itself in now is better than any time I've been invested.

I found this:

'Material uncertainty related to going concern
If appropriate disclosure about the material uncertainty is made in the financial statements, the auditor’s report should include a new section of the audit report with the heading “Material

1
uncertainty related to going concern”. This section will draw attention to the note in the financial statements that discloses this matter and state that these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. It will also state that the auditor’s opinion is not modified in respect of the matter.
The location for this section is not specified in ISA (UK) 570, but the example in the appendix includes this directly after the basis for opinion section.
Note that this is not an emphasis of matter paragraph – under ISA (UK) 570 it is a separate section.
Material uncertainty related to going concern
We draw attention to Note x in the financial statements, which indicates that the company incurred a net loss of ZZZ during the year ended 31 December 20X1 and, as of that date, the company’s current liabilities exceeded its total assets by YYY. As stated in Note x, these events or conditions, along with other matters as set forth in Note x, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.'

hxxps://www.icaew.com/-/media/corporate/files/helpsheets/technical/aaf-guides/going-concern-material-uncertainty-relating-to-going-concern.ashx

[terminator101] 03/4/2022 18:23

Having a material uncertainty about being a going concern is not "perfectly normal". It indicates that they are running out of cash and they don't have enough money to pay their bills when they are due. So either they start making a profit (unlikely this year) or cut admin costs even more (unlikely) or they default on debt or have to raise more working capital.

[geemantw] 03/4/2022 17:51

'... represent a material uncertainty that may cast 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.'; is a perfectly normal disclaimer that I've seen many times in figures of many companies. Maybe every company uses it. Sounds a little scary but normal to put it in.

[terminator101] 02/4/2022 06:01

Seems that this loss making disaster is still exceeding my expectations. Losses up 50% cash down almost 50% and still a long way from achievement of cashflow positive. Its a massive gamble that they won't go under which is why they issue a material uncertainty to being a going concern. "However, these circumstances represent a material uncertainty that may cast 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. "If there was even a hint to a big upside there might be a good risk/reward here, but there's not. In the January trading update they said ". As a result we're proud to say we expect to move the UK&I business to breakeven in 2022." I.e. no mention of profit. In the results they said their priority was to "First, to build on the momentum we have in our UK&I business to deliver a breakeven result. " I.e. no mention of profit. So why do investors think that this loss making fluff where the management are creaming so much out of the business is going to get any better this year when the headwinds of inflation, material costs, supply chain challenges and reduced consumer spending and confidence are against them?

[pillow] 25/3/2022 07:50

Storm in a Teacup. Looks odds on for takeover at current mkt cap.

[clocktower] 24/3/2022 21:27

Good Luck with that markth126, I hope you have not got as many as I had when I dumped after her last presentation but I was lucky to clear while there was volume traded, without taking a huge loss.
I was surprised that you never baled out when the DFS deal was announced, as it went up to around 3p bid for a short time.
Still we all take hits from time to time.

[markth126] 24/3/2022 17:13

No just a glass of water and stopping mid sentence.. tried to sell what i have left but no buyers!!

[clocktower] 24/3/2022 13:49

She treated investors with no respect last time, as I said at the time markth126.

Was she still holding her mug while speaking this time?

[markth126] 24/3/2022 10:26

The CFO is awful at presenting!

[clocktower] 24/3/2022 09:21

greg - I have been in and out on several occasions but the cash burn and France will kill this, the only hope is DFS or Simba taking off stakeholders hands now imo.

Obessed - LOL.

Good luck if your holding though, at least there was a get out of jail card when DFS deal was announced.

How much cash is left as of today?

Are the directors going to buy or just issue more options?

[babbler] 24/3/2022 08:09

they are making gross profit. Expenses were high last year. New deal with DFS and cost reductions should see a good year from here. New CEO is doing OK jusr takes time.

[pictureframe] 24/3/2022 08:03

Have they ever made a profit?

[gregpeck7] 24/3/2022 07:40

Broken record clock tower. Thought you sold. You are obsessed.