Esr 2022 Share Discussion Threads

[amrishbhim] 02/7/2018 12:37

Paul Pinder, the chairman of Sleep PLC very genuine person, wouldn't have purchased the share this morning if he though the shares were worthless, I'm very optimistic that he know the Dream agreement and just being in Europe will meet expectations for the market when results are out. BUY, short target 45p, long term back to last week high before going back to year high

[gregpeck7] 02/7/2018 12:25

Have to admit, looks very cheap down here. Almost valued at cash... can see a decent bounce coming. 400k share buy is a massive vote of confidence as well. Will we see more?

[deltalo] 02/7/2018 12:14

Buys starting to pick up now , looks positive if the Director buys 400k shares, news of this is starting to get around.

[gregpeck7] 02/7/2018 11:34

Massive vote of confidence. Drop here does look over played...

[rmart] 02/7/2018 11:18

director buys 400,000 shares today. well overdone this drop imo.

[sandy12345] 02/7/2018 11:18

chairman bought 400000 shares today. He surely thinks this is a bargain!

[sandy12345] 02/7/2018 10:35

thanks, what is your opinion about the dreams deal?

[zen12] 02/7/2018 10:13

Agree, dreams deal is a hugh deal considering this has nearly DOUBLED their retail presence. Also CEO out means company means business and want to change direction.

[amrishbhim] 02/7/2018 10:09

Personally yes, but overdone at this time

[sandy12345] 02/7/2018 10:06

so what would be a fair valuation in your opinion?

[amrishbhim] 02/7/2018 10:05

Totally agree, but with a deal with dreams things will move forward, I think the price fall was overdone , should hopefully close around 35p to 40p before moving up if the next RNS shows the overall growth of the business

[tiredoldbroker] 02/7/2018 10:00

There is no point quoting a Shares mag article from August 2017 saying eve was a buy at 84p because it was "able to scale quickly internationally without the requirement for significant capital investment", when almost 11 months later the share price is 30p, largely because the management didn't in fact understand what was needed to expands successfully into European markets.

Also worth noting that the old article included a forecast that sales would be up 145% this year, when the increase is only 61%; and even on the more optimistic forecast, the company was looking at a £11.5m loss this year and barely break-even in 2019. So profitability/positive cash flow is now out of sight, and cash at 31 Dec 2017 of £26.9m has to contend with net cash outflow from operating/capital investment which ran at £16.4m last year. In other words, the cash is likely to run out before the company starts generating positive returns.

[rmart] 02/7/2018 09:39

Eastbourne1982, and the sales from dreams ?

[eastbourne1982] 02/7/2018 09:36

imjustdandy,

That cash position will be swallowed up over the next year.

[zen12] 02/7/2018 09:35

Looks like big sell on open clearing, should see jump to 35-40p

[zen12] 02/7/2018 09:33

Looks like big sell on open clearing, should see jump to 35-40p

[imjustdandy] 02/7/2018 09:26

Read chairman statement East. They don't need cash While we do not anticipate a near term improvement in the external environment, we have a healthy net cash position, our trading continues to far outstrip that of the market and should be underpinned by Company growth initiatives including the Dreams partnership that we expect to benefit the traditionally stronger second half. We remain convinced that the sleep market will continue to transition online, that the opportunity to build a new brand of size and strength is significant and that eve is well placed to achieve this."

[mightymouse4] 02/7/2018 09:22

It's a real muppet fest this one

[zen12] 02/7/2018 09:13

Don’t forget the major new partnership also announced, will give retail presence in dreams 193 stores nationwide.

[imjustdandy] 02/7/2018 09:05

As I say, it's trading close to cash here so the business is in for zero based on 28p. Overreaction!!

[sandy12345] 02/7/2018 09:05

correction to 50p by end of the week - big over reaction

[imjustdandy] 02/7/2018 09:01

It won't go bust. Disruptive Tech and proven business model. Likely to be last man standing

[tomboyb] 02/7/2018 08:55

Picked up a few for a trade -

Good luck -