By Nigel Somerville, the Deputy Sheriff of AIM | Friday 27 September 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Neil Woodford’s revolutionary bedding company, AIM-listed Eve Sleep (EVE), has released its interim results and whilst the company boasts of the halving of EBITDA losses (bullshit losses), revenues are down and it reported losses of £6.7 million on revenues of £12.9 million. Of course, Neil Woodford knows best and has thrown ever more good money after bad into this one-way ticket to financial oblivion and now sees net current assets of £13 million as at 30 June, which the mathematicians of you will see is less than twice the H1 loss – and that was almost three months ago. Eve Sleep needs yet more cash…..and Neil hasn’t got any.
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