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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Koovs Plc | KOOV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.90 | 2.90 |
| Top Posts |
|---|
Posted at 02/12/2019 13:30 by jamesto2 18 November 2019Koovs plc ("Koovs" or the "Company") Further update on FLFL Subscription Koovs plc (AIM: KOOV), the Western fashion experts for online Indian consumers, announces that, further to the Company's announcements on 21 October 2019 and 29 October 2019, the Company remains in discussions with Future Lifestyle Fashions Limited ("FLFL") regarding the completion of the outstanding c. £6.5 million investment into Koovs. FLFL has confirmed to the Company that it is in the process of reapplying for approval of the investment from the Reserve Bank of India and that it remains committed to honouring the investment. Alongside its discussions with FLFL, the Company is actively considering all other financing alternatives available to it. The Company currently has cash reserves of c. £2.2 million which is sufficient for the current calendar year. As noted previously, the Board has implemented certain cash conservation measures, primarily in relation to reducing stock purchases and marketing spend, with the intention of ensuring there is the maximum time available for the various options available to the Company to be considered. Shareholders should be aware that in the event that the Company is unable to secure the further funding from FLFL or through alternative sources, it may no longer be able to trade as a going concern. The Company will provide a further update to the market as soon as possible. END |
Posted at 22/11/2019 14:25 by hotaimstocks Putneylad putneylad putneylad , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. |
Posted at 22/11/2019 14:24 by hotaimstocks Jammy boy rolex , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNifeRead Full ThreadFollowReply |
Posted at 22/11/2019 14:22 by hotaimstocks Harebird, "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNifeRead Full ThreadFollowReply |
Posted at 22/11/2019 14:20 by hotaimstocks Hare , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNifeRead Full ThreadFollowReply |
Posted at 22/11/2019 14:18 by hotaimstocks Putneylad , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNifeRead Full ThreadFollowReply |
Posted at 22/11/2019 14:17 by hotaimstocks harebridge, "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNifeRead Full ThreadFollowReply |
Posted at 21/11/2019 10:57 by jackson83 BUSINESSKoovs’s back and forth with shareholders stall outstanding major investment Angela Gonzalez-Rodriguez | Monday, 18 November 2019 New York – UK-listed Indian fashion e-commerce platform Koovs PLC said Monday it remains in talks with major shareholder Future Lifestyle Fashions Ltd, owned by Future Group, for completing its outstanding 6.5 million pounds investment. Koovs shares were down 31 percent at 2.50 pence each in London on Monday afternoon. As a reference, three years ago, the stock traded about 70 pence. FLFL currently holds a 26 percent stake in Koovs and has already invested 250,000 pounds for 881,523 convertible preference shares at 28.36 pence each, which will convert to ordinary shares in June 2020. The capital infusion was paused after the Reserve Bank of India asked FLFL to reapply for approval before any further subscriptions are made. "FLFL has confirmed to the company that it is in the process of reapplying for approval of the investment from the Reserve Bank of India and that it remains committed to honouring the investment," Koovs said. Koovs also said that it is "actively considering all other financing alternatives available to it." The company currently has cash reserves of around GBP2.2 million which is sufficient for 2019. The London-based, however, warned that it may no longer be able to trade as a going concern if it fails to secure further funding from FLFL or through alternative sources. Koovs PLC (LON: KOOV) have seen their shares sink across Monday trading, amid talks between shareholders over a major financial investment. Shares of Koovs sunk 29.6 percent to 2 pence apiece on Monday. |
Posted at 08/11/2019 20:21 by jamesto2 philobeddoe - 02 Aug 2017 - 14:51:18 - 935 of 3005 Koovs plc - KOOVPositive margins now being achieved and funding is almost complete. Koovs has 175.384 million shares in issue which is considerably less than Boohoo which has 1.148 billion shares in issue - even with further dilution it's highly unlikely Koovs will end up with anywhere near a billion shares in issue so talk of huge dilution down the road is nonsense imo. Twitter followers are increasing by more than 15,000 per month and reviews sites are full of high praise and positivity for Koovs - the Indian consumer appears to love Koovs and word appears to be spreading fast out there just how good Koovs is. The Koovs app has over a million downloads on googleplay with loads of positive reviews and comments. I think these are the final few weeks of the share price being in the doldrums. When the preliminary results are released i think the funding issue will have been sorted and it'll be an all good news RNS possibly leading to a sharp jump in the share price followed perhaps by a prolonged and sustained uptrend pattern from thereon with a share price that continues to increase markedly year on year. Provided shares in issue stays below 250m or so, if mcap reaches about the same as Boohoo (£2.5 billion) that'll be a share price of around £10 and if mcap reaches similar to ASOS (£5 billion) share price might eventually reach £20+ Koovs has lots of potential, this could be a hugely profitable medium to long term investment, especially for those who load up at the current prices. |
Posted at 03/9/2019 11:54 by jamesto2 03/09/2019 7:00amUK Regulatory (RNS & others) TIDMKOOV RNS Number : 9725K Koovs PLC 03 September 2019 3 September 2019 Koovs plc ("Koovs" or the "Company") New Brand launched and further roll out of Concessions Koovs plc (AIM: KOOV), the Western fashion experts for online Indian consumers, is pleased to announce a new contract with Future Lifestyle Fashions Limited ("FLFL") to develop a new and exclusive fashion range for FLFL's Brand Factory (the "Brand Factory Contract"). Under the terms of the Brand Factory Contract, Koovs will develop an exclusive range of menswear clothing for Brand Factory on a wholesale basis, with no right of return if the goods are not sold. The new range will be available under the Chelsea King brand name and, initially, will be sold in 25 Brand Factory stores. The first season, commencing Sep-19, is expected to generate wholesale revenues of approximately GBP0.6m, and be profitable after deducting the cost of the goods sold. In addition, the Brand Factory sales will pass through Koovs' supply chain which will also benefit from the increased volumes. The Brand Factory Contract is valid to 31 March 2022. In addition to the Brand Factory Contract, the Future Group Strategic Partnership will see the further expansion of retail distribution for Koovs Private label in Central Stores concessions and in new Brand Factory concessions ("Concession Expansion"). As part of the Concession Expansion, Koovs Private label will be rolled out in additional five Central Stores, two in Bangalore and one in each of Hyderabad, Noida, Pune making eight stores in total. This revised agreement signed on 2 July 2019, expands from that signed on 3 October 2018 (as announced on 7 May 2019) and is expected to generate revenue over the next 12 months of c. GBP0.15m and be profitable after deducting the cost of the goods sold and a 30% commission payable to FLFL on the value of goods sold. The distribution of Koovs Private Label Menswear will also be piloted in three Brand factory stores - Bangalore, Mumbai, New Delhi. This agreement, signed on 15 June 2019 and valid until 31 March 2022, is expected to generate revenue over the next 12 months of c. GBP0.1m and be profitable after deducting the cost of the goods sold. There is no commission payable to FLFL on the value of goods sold. Mary Turner, Chief Executive Officer of Koovs plc, commented: "The signing of this latest contract with FLFL, to develop a completely new fashion brand, and the further expansion of our Strategic Partnership with Future Group brings more growth opportunities for both parties. We remain convinced of the long term potential for the Indian online fashion market and for Koovs in particular." Related party transaction For the purposes of the AIM Rules for Companies ("AIM Rules"), FLFL is a substantial shareholder in the Company and therefore a related party. As such, the entering into the Brand Factory Contract constitut |
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