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EVE Esr 2022 Plc

0.525
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Esr 2022 Plc LSE:EVE London Ordinary Share GB00BYWMFT51 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.525 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.525 GBX

Esr 2022 (EVE) Latest News

Real-Time news about Esr 2022 Plc (London Stock Exchange): 0 recent articles

Esr 2022 (EVE) Discussions and Chat

Esr 2022 Forums and Chat

Date Time Title Posts
09/11/202314:49EVE - King of Online Mattress Retailing Growing Fast Asos growth rates744
18/10/202215:55EVE covid infested matress clean up403
06/4/202214:29EVE Sleep, Rams and Ewes Rutting Thread383
05/11/202110:17 eve Sleep PLC2,263
26/1/202112:57Evesham goes into administration6

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Esr 2022 (EVE) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Esr 2022 (EVE) Top Chat Posts

Top Posts
Posted at 11/1/2023 01:02 by glavey
Shhh..., Eve is sleeping.
Posted at 09/10/2022 08:11 by terminator101
Been warning about this overvalued fluff for over a year now. Racking up big losses, misleading accounts, plus Directors increasing their already massive salaries while the losses mount, revenues plummet and the share price tanks.

Having a 5 day firesale to get some revenue in to keep the lights on no doubt, but how long can they hold back the administrators?

The end is near.
Posted at 24/9/2022 10:17 by dealer55
More intriguing was the near 100% share price rise for Eve Sleep (EVE), where clearly speculation regarding the formal sale process has taken a more positive turn. The problem in these situations is that the rise can be as much a result of short covering, as being the harbinger of good news. But with the stock having hit new lows earlier in the week, there may still be more in the dead cat bounce.
Posted at 23/9/2022 20:39 by andymunchkin
Terminator10114 Nov '21 - 17:55 - 86 of 557
0 2 0
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
———;——̵2;—
Terminator10113 Nov '21 - 13:24 - 81 of 557
0 2 0
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
———;——-
Terminator10114 Nov '21 - 21:07 - 89 of 557
0 2 0
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
———;—
NotBad
Posted at 23/9/2022 20:18 by andymunchkin
hamidahamida27 Dec '17 - 20:04 - 24 of 553
0 1 0
Mouse
Shorting eve is wrong move at the wrong time. share price is breaking out on the back of strong sales and profitability momentum which can easily push it over £2
———;—
FKn RampngCnts
Posted at 03/4/2022 20:54 by geemantw
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
Posted at 23/2/2022 20:00 by smraynot
Non-Regulatory

TIDMEVE

eve Sleep plc

23 February 2022

eve Sleep plc ("eve" or the "Company")

New retail partnership with DFS

eve Sleep, the direct to consumer sleep wellness brand operating in the UK, Ireland and France is pleased to announce a new retail partnership with DFS, the market leading retailer of living room and upholstered furniture in the United Kingdom.

.

Initially the partnership will cover the dfs.co.uk website, which receives an average 2.7 (1) m unique visitors per month. There are also plans to extend the partnership to the DFS showroom estate later in the year. DFS will stock a range of eve mattresses, including eve's Original and Premium Hybrid models rated the two best mattresses in the UK by consumer champion Which?, as well as a range of eve bedframes. Plans are in place to extend the ranges at a later date.

Retail partnerships are a tried and tested pillar of eve's omni-channel strategy to be available where its customers shop. The new partnership is expected to drive profitable sales, raise eve's brand and product awareness with its target customer base, and offer DFS customers additional mattress options to choose from, to accompany its bedroom furniture ranges.

The partnership is expected to go live on the DFS website from 3 March.

John Rastall, Head of DFS Home, commented:

"At DFS, we strive to help customers furnish their homes with high quality, stylish and affordable furniture. Our range of bedroom furniture, including our wide choice of upholstered bedframes, is a key and growing part of our offer. We are delighted to be partnering with eve to add their best-in-class mattresses to our range, to support awareness of our bedroom furniture products; deliver even greater choice for our customers; and provide the opportunity for customers to conveniently add an eve mattress to their DFS furniture order."

Cheryl Calverley, CEO of eve Sleep commented:

"This is a very exciting partnership for eve as DFS seek to extend their 'comfort' positioning beyond the living room and bring eve's award winning mattresses to a wider audience. We're incredibly proud to announce this partnership with the UK's foremost furniture retailer, which recognises the strength of the eve sleep product range and brand, continuing the momentum in our UK&I business."

THE ABOVE RNS IS AN AMAZING MOVE AND IMHHO REPRESENTS A MULTI BAGGER BEING THE MONOPOLY GO TO STORE. Must test 5p+ this week as the sensational potential becomes reality.
Posted at 20/12/2021 14:33 by clocktower
Get a grip DC 15p maybe but what I have noticed is that EVE have a fair number of jobs advertised, and bearing in mind the company now have a very high rating from staff working under the leadership of the CEO that is turning this into the "Sleep Wellness Brand" that really looks even more positive.

Even though the share price is drifting again along with the market, its good to see a few small investors bottom fishing and I believe will be very well rewarded when the next RNS is published in Jan.

There are a limited number of shares now available it seems below what the chairman has previously and recently paid for a fair number.

Still the companies motto is "Rise and Shine" so I thought it might brighten the day to have a little something lighter on the thread, as I expect we will soon see the share price heading in the other direction.



Season Greetings.
Posted at 13/12/2021 07:22 by david gruen
Trading update

Healthy Black Friday and initial Christmas trading, supply chains solid, in-line with full year expectations

eve Sleep ("eve", the "Company"), the direct to consumer sleep wellness brand operating in the UK, Ireland (together "UK&I") and France announces a trading update following the important Black Friday month trading period and ahead of its 31 December year end.

The benefits from the Company's completed rebuild strategy continue to come through, with eve on-course to deliver a second consecutive year of revenue growth, in-line with market expectations. Notwithstanding strong November comparatives in the UK, eve's UK e-commerce channel achieved sales order growth in the Black Friday month of 4% year-on-year and 64% when compared to the pre-covid 2019 comparative period. The bedroom furniture category in particular posted strong sales growth in November, up 14% year-on-year, and represented a pleasing 7% of the overall sales mix during this period. Within mattresses, hybrid mattresses remain the outstanding performer, with eve's high performing original and premium hybrid mattresses taking over 70% of the mattress sales share. The new sleep away range performed far ahead of management's expectations, with over GBP50,000 in sales during the month as people prepare for their first Christmas guests in two years.

Although currently small in terms of the overall Company, Ireland achieved one of its highest sales months ever in November, delivering 90% growth year-on-year and 480% against 2019 comparatives, reflecting increased focus, market experience and marketing investment. The French market remains soft however, with strength in eve's store based partnership with Olivier Desforges, which reported its highest sales month to date, more than offset by industry wide weakness in e-commerce channels. Generally, in France November and Black Friday is of lesser significance in terms of trading importance compared with some other territories.

eve's supply chain has held up well, supported by careful planning and strong relationships with European suppliers and delivery partners, as well as the focus on mattress manufacturing with third party providers in the UK and Belgium. To further ease the pressures on the supply chain and courier partners, whilst maintaining high levels of customer satisfaction, the Company ensured that it offered its Black Friday promotions (of varying levels) over a greater proportion of the month, whilst also holding higher stock levels of core products going into this peak trading period.

The Company plans to publish a more comprehensive trading update covering the whole year in January 2022.

Cheryl Calverley, CEO of eve Sleep commented:

"Following a strong Black Friday trading period and positive signs for Christmas, eve is on-course for a second consecutive year of revenue growth, demonstrating that our recovery is both sustainable and built on strong foundations. Our initial brand expansion beyond mattresses into bedframes is beginning to make a material contribution to revenue, and our wider ranges have continued to expand, further cementing our position as a sleep wellness brand, with recent additions including a non-alcoholic plant based three spirit nightcap drink, the gingko baton low glow night light and a range of CBD oils. I'm so very proud of this team, and the incredible way they work with partners, suppliers and each other to overcome the many and varied supply chain and operational challenges that COVID and Brexit has brought, ensuring that customers can continue to order with confidence.

We are looking forward to 2022 with quite some eagerness and feel confident in delivering a third consecutive year of significant progress."
Posted at 05/11/2021 10:01 by david gruen
eve Sleep plc Progressing the sleep wellness repositioning
05/11/2021 9:12am
RNS Non-Regulatory

TIDMEVE

eve Sleep plc

05 November 2021

Eve Sleep plc ("eve" or the "Company")

Progressing the sleep wellness repositioning: Update on new products

eve Sleep, the direct to consumer sleep wellness brand operating in the UK, Ireland and France provides an update on its recent and pending product launches as part of its broader strategy to further evolve the business, and to become a favoured destination for all things better sleep for better mornings.

As part of this strategy a collection of six eve branded CBD drops in Camomile and passionflower, and Ginkgo biloba and ginseng botanical extracts have today gone live on the evesleep.co.uk website. eve is also currently in discussions with a number of leading store based retailers who are interested in stocking the eve CBD oil range. As previously stated, as these oils are sold under a licensing agreement with Sana Lifestyle, eve expects the return will be more from raised brand awareness and the advancement of eve's sleep wellness proposition, rather than revenues and profits.

eve has also extended its range of sleep gifting and wellness products in recent weeks, including the non-alcoholic plant based three spirit nightcap drink, the gingko baton low glow night light, a range of eym candles and a selection of rescue remedy products designed to aid a restful night's sleep. In the coming weeks further new products will be launched including a child's version of the very popular Morphee sleep aid and a new long thin hot water bottle. In tandem with the step-up in new product development and introduction, packaging has also been upgraded including the use of fabric bags, for pillows and bedding etc, which are designed to have a second use to further eve's sustainability position.

As of today eve now has a product range of over 300 SKU's, of which some 70% are non-mattress products.

Cheryl Calverley, CEO of eve Sleep commented:

"It takes much more than a wonderful mattress and fabulous bedding to give people the sleep they need to rise and shine, and expanding our range in both consumables and sleep accessories is core to our strategy. These new products offer the opportunity to drive more regular, repeat purchases from existing customers, and increased basket size from new customers, as well as cementing our authority as the only dedicated sleep wellness retailer in the UK."
Esr 2022 share price data is direct from the London Stock Exchange

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