Esr 2022 Share Discussion Threads

[ewanwhose] 28/1/2020 17:50

Hope Tim will average down on his recent purchase

[pictureframe] 27/1/2020 12:40

Damp squib

[kirk 6] 25/1/2020 11:47

Great article hope these surge next week

[fatgreek] 24/1/2020 23:22

Eve Sleep breaks even for the first time as turnaround bears fruitBy Elias Jahshan - January 21, 2020Eve Sleep breaks for the first time as turnaround bears fruitEve Sleep said attempts to focus on long-term profitability were paying off.// Eve Sleep breaks even for the first time during Q4 of its financial year// It said it remained on track to slash losses// After a period of decline, Eve Sleep shares jumped 20.5% at the newsEve Sleep's turnaround is starting to bear fruit after the online mattress retailer revealed it broke even for the first time during its fourth quarter and remained on track to cut losses.Investors in Eve Sleep have also given the retailer a vote of confidence, sending shares soaring as it said it could continue to break even in 2020.Shares had jumped 20.5 per cent, or 0.4p, to 2.35p by around 11am this morning, even as the business revealed that revenue had dropped by almost 19 per cent to £23.8 million.It will come as welcome relief for investors who have seen the price of their shares plummet from 128.9p two years ago.Eve Sleep embarked on a turnaround plan in September 2018 with the arrival of new chief executive James Sturrock, after seeing is share price nearly wiped out.The online retailer had fallen into the trap of investing in growth and throwing money at areas that were not paying their way.However, management said today that attempts to focus on long-term profitability were paying off."We are delivering on our priorities of reducing losses and stemming cash burn as we prioritise profitability over sales growth at any cost," Sturrock said.Eve Sleep said its marketing had become more efficient, while it was bringing higher quality traffic to its website.The changes helped management break even at an operating level in the last four months of 2019, for the first time in the retailer's history.It reduced negative EBITDA to a loss of £10.8 million – a 43 per cent year-on-year drop – and it burnt through cash half as fast in 2019 as in 2018."We continue to create award-winning products ... while removing unprofitable sales and marketing," Sturrock said."We are well placed to make further significant progress in 2020, with a differentiated brand position, a broader product range than peers and ongoing improvements to the customer experience, supported by a lower cost base, a substantial cash balance and no debt."with PA WiresClick here to sign up to Retail Gazette's free daily email newsletter

[fatgreek] 24/1/2020 22:55

https://www.retailgazette.co.uk/blog/2020/01/eve-sleep-breaks-first-time-turnaround-bears-fruit/

[kirk 6] 24/1/2020 16:42

Great news out someone stake building

[goggin] 24/1/2020 13:52

Financial highlights

· Group revenues in core markets of GBP23.8 million (2018: GBP29.3m);

· 43% year-on-year reduction in full year EBITDA losses (GBP10.8m), ahead of
expectations;

· 51% full year reduction in cash burn;

· Net funds at 31 December 2019 of GBP8.1m, consisting of GBP7.8m of net cash
and GBP0.25m of advertising credits with Channel 42;

· Overheads for the year have reduced by 27% with further run-rate savings
in Q4.
You burn through 10.8m, you have 7.8 million, then you always need cash for marketing and expansion, it’s a business and this type of business is highly competitive. Eve have no clear advantage over their competition. If you know of one, please post

[pictureframe] 24/1/2020 13:28

7.6 million cash and operationally breakeven....why the need for cash?

[goggin] 24/1/2020 13:11

CFO, it’s only 11k, what is he paid ? It’s a curved ball, 200k would be a completely different matter. Eve need money, they have major competition but no major benefits over their competitors so it comes down to marketing and customer service. This needs money, something EVE is short of. If they can raise 4 -10 million at around 1 to 1.5p they will be lucky. hence, this all comes down to the fund raise and how they use those funds. I hope wisely. Retail is expensive and long term, don’t expect an immediate recovery and at 4 million cap, still away too high.

[fatgreek] 23/1/2020 12:08

I dipped my toe in today the CFO purchase is a buy signal for me...If its good for the man in charge of the companies finances its good enough for me......

[dave4545] 22/1/2020 13:46

Hot money, everybody pushing it do not hold stocks more than 1/2 days, soon as momentum runs out they are all out in a shot and move to the next pump and dump

[pictureframe] 22/1/2020 09:41

wow - wasn't expecting such a sell off

[pictureframe] 22/1/2020 09:20

Bought yesterday and will add at 1.75 if it gets there. Seems to be lacking support at the moment and my purchase yesterday looks poorly timed (short term).

[kirk 6] 22/1/2020 07:18

Very nice On the way to 3p today

[lazygun] 22/1/2020 07:11

Director buy of 500k shares @ 2.2p...

Nice

L

[kirk 6] 21/1/2020 17:00

Great write uphttps://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/911125

[babbler] 21/1/2020 13:43

When unsure... Wait.

[pictureframe] 21/1/2020 13:36

Add or wait that is the question!

[2solaris] 21/1/2020 12:37

Any chance charts could be added to the other thread please?

[babbler] 21/1/2020 12:20

Once the profit takers from last week disappear then boom.

[azuli] 21/1/2020 12:06

Grabbed a few at 2.2p earlier. Bid creeping up as a few sells come through, looking good so far.

[level2user2010] 21/1/2020 11:52

Better to use IG Index for buying.

[pictureframe] 21/1/2020 11:47

Very difficult to buy in volume

[babbler] 21/1/2020 11:26

Comfortable