Skip to content
City Confidential
 
Sorting the Bulls from the Bears - Tips & Insight into the UK Stock Markets
  • Home
  • Markets
    • Main Market
    • AIM Market
  • Penny Share Picks
  • The Trader
  • Newsletter
  • Portfolios
    • Trader Portfolio
  • Insight & Ideas
  • More
      • Lost Password?
    • Search
    • Follow us:
    • Twitter
    • Email
    • More
    • Menu
    City Confidential
     
    Sorting the Bulls from the Bears - Tips & Insight into the UK Stock Markets
    • Search
    AIM Market Free TipFeatured Company

    Wake up to eve Sleep! eve Sleep (EVE) – 5.35p

    by Simon Flather7 April 2021
    • Share
    • Tweet
    • Pin it
    • Share
    • Email
    • More

    Investors looking for a penny share which looks to have significant potential for growth in the short to medium term could do worse than take a look at the bedding group eve Sleep.  The company describes itself as a sleep wellness brand, but essentially it is a supplier of bedding products.  These include mattresses and bedding, such as pillows, bed linen and duvets as well as related products such as bed frames and bedroom furniture.  The company operates in the UK, Ireland and France, selling its products online as a direct-to-customer business.  The business continues to expand the range of products it offers such as mattresses and bedframes, whilst in the second half of 2020 it launched its first ever gifting range of sleep wellness products in conjunction with Boots.  The range was launched online, as well as in almost 450 Boots stores, and includes candles, diffusers, hot water bottles and even pyjamas.

    The company has had a chequered history since being founded in 2015.  It joined AIM in May 2017 through a placing at 101p per share and although initially the shares did well, rising to 130p later that year, it was not long before things began to go wrong.  The share price fell back significantly, and the company decided that it had to change its strategy.  The company is now beginning to see the benefits of this with the results for 2020 showing sales increasing, losses falling and cash flow being neutral for the first time.  This meant that the company ended 2020 with net cash balances of £8.4m, not bad for a company valued at just £14.6m.

    In the year to 31 December 2020, revenues at the company rose 6% to £25.2m and the underlying EBITDA loss declined to £2.0m from £10,9m the year before.  Net cash at the year-end had risen by £0.4m from a year earlier to £8.4m.  The company was also pleased to report that according to Which? it could boast the two best mattresses in the UK, with 3 of the top 5 in its range.  The group has improved its websites, moving to the Shopify platform, restructured its warehousing and distribution system to improve efficiency and maintained its marketing programme including advertising on Channel 4.

    Related

    • Get well equipped with HSS HIRE (HSS) – 16.85p

    The first two months of 2021 have seen sales continue to increase with revenues up by 16% and this should help the company steadily move towards profitability.  Two directors have recently bought shares at 5.7p per share and given the strong balance sheet there is scope for a good rise in the share price.  It spiked to a high of around 9p during trading in February and we rate the shares as a BUY.

     

    RECENT TIPS – The highs and the lows

    For a flavour of our performance recently, we list below some of our recommendations that we have made in the last week or so:

    HSS Hire – 19.6p at close on 6 April (tipped at 16.85p on 31 March) – gain of 16%.
    *Investors realise the stock is too cheap

    Gfinity – 4.59p at close on 6 April (tipped at 3.8p on 29 March) – gain of 21%.
    *Further consideration of interim results

    Logistics Development Group – 13.35p at close on 6 April (tipped at 14.875p on 30 March) – a loss of 10%.
    *Share price fall due to lack of positive news on company’s future plans

    To read about some of our other recent top performing share tips, head to https://www.cityconfidential.co.uk/recent-top-share-tips

    Tagged: AIM Market aim share tips EVE Free AIM share tips

    Related Stories

    • Get well equipped with HSS HIRE (HSS) – 16.85p

      31 March 2021
    • eve Sleep – 5p

      31 March 20211 April 2021
    • cityconfidential Newsletter March 2021

      25 March 202125 March 2021
    • A chance to clean up with BYOTROL (BYOT) – 5.7p

      24 March 202125 March 2021
    • eve Sleep – 5.75p

      22 March 2021
    • eve Sleep – 6.6p

      18 March 2021
    • Fortune favours the Brave? Focus on BRAVE BISON – 1.3p

      17 March 202119 March 2021
    • Looking through the keyhole at SURGICAL INNOVATIONS – 2.4p

      10 March 202117 March 2021

    Post navigation

    Previous Story HSS Hire – 20.5p
    Next Story Gfinity – 4.5p

    Market Indices

    Watching

    News

    • Main Market
    • AIM Market
    • Penny Stocks
    • The Trader

    About

    • Contact
    • T&Cs
    • Privacy
    • Wealth Warning

    Membership

    • Subscribe
    • Your Account

    01943 600 644  |  info@cityconfidential.co.uk
    1 Skipton Road, Ilkley, West Yorkshire, LS29 9EH

    Please note, live feed data is subject to a 15 minute delay.

    © Independent Financial Publications. All Rights Reserved. | Westbrook Agency
    City Confidential
     
    Sorting the Bulls from the Bears - Tips & Insight into the UK Stock Markets
    • Subscribe
    • Your Membership
    • Home
    • Newsletter
    • Main Market
    • AIM Market
    • Penny Share Picks
    • The Trader
    • Trader Portfolio
    • Insight & Ideas
    • Contact
    This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled

    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

    Non-necessary

    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

    SAVE & ACCEPT