Koovs Share Discussion Threads

[dvb99] 26/1/2017 09:33

Paul Scott is right on one thing though - KOOVs are extremely vague with their statements, which makes it difficult to properly assess the company

[isaready] 26/1/2017 08:53

harebridge, I agree with your comments. It's a question on whether they can deliver over time. This is a simply waiting game, but, my point stands, we will need to eventually see growth far exceed sales in addition to repeating customers. Do they provide that metric? repeat customers? This one is critical for me, it will show whether their customer acquisition becomes viral and less expensive.

[monnow] 25/1/2017 19:21

It would be nice to know how much was spent to get those sales, and is that figure increasing or decreasing relative to revenue

[harebridge] 25/1/2017 17:44

I really wouldn't worry about what that foul mouth buffoon has to say. On his own admission, sold a shed load of ASOS at 9p, losing out on around £35 million.

He's just bitter at anything Lord Waheed Alli does, which is generally a massive success.

Infact that's the most positive statement I have heard from that blogger, even talking about multibagging, so I take that as a Buy recommendation from him!

[barnetpeter] 25/1/2017 17:14

Sold out today for a small profit. Good luck all. Here is Paul Scott...

"As usual the company is coy about the most important key metric - profitability. That's because it's losing money hand over fist.

Punters are taking a huge risk with Koov - it's likely to be a binary outcome - either bust, or a multibagger (if sales growth continues, and results in losses reducing). It's much too high risk for me, and the business model seems completely wrong to me".

[isaready] 25/1/2017 13:54

The key metrics to compare is expenses versus turnover versus profit. Profit is not so important right now, it's not relevant, but growth is.

So to generate growth ho much do they need to spend to promote the services? If this is more than they earn, then it's a problem, however, to gain exposure, you need to spend. So, eventually, we should see expenses falling and revenue exceeding the level of expenses they have been spending. If this happens, then they are on the way to gaining traction.

Its a low margin game and these customers, millennials today do not understand loyalty. In some ways, this lack of loyalty has been building up for the past 20 years. An example of this was one parent said to his son, son, I have been with my insurance company for 20 years. They look after me. Son says really? I just checked and they are screwing you over by 50%. Companies serviced paid the price for screwing customers when they had such a good thing. They know it, we know it.

Now its become so cut throat that's its now based on price only. Quality, of service become irrelevant, but I do feel, it's starting to creep back in, since everyone has raced to the bottom and seen, it's not nice.

For koov, it's like that. How can they provide a quality of service? How can they show they are always bring new styles onsite and how can they show they are at a good price. So quality service, best price and new styles.

If they can do tat, eventually,m sooner or later, you should see less advertising spend in proportion to the gross sales, since you should be getting repeating customers.

Have they stated what repeat customers they have? Once we understand the above and repeat customers, only then will we know if they have a sustainable business model. If they can't hold customers, it's going to be a losing battle.

[harebridge] 25/1/2017 13:03

Meanwhile, webs visits also doubled to 57m and registered users surged 120% to 1.64m.Mobile transactions have been gaining ground as they jumped 151% in the period to 536,387.

[harebridge] 25/1/2017 12:13

Koovs KOOV is enjoying another year of excellent growth with sales for the 9 months to 31st December showing a rise of 101% and traffic, registered users and social media all up by 100%. The success of its premium party dress collection which sold out in record time, 59% of it within three days of launch has left the company excited about prospects for 2017http://www.branduk.net/w-h-smith-strong-group-performance-as-high-street-falls-4/

[harebridge] 25/1/2017 08:37

Could be worth emailing the CFO with your concerns. Robert Pursell gives immediate responses.I don't think the figures are spectacular, but they do show that Koovs is dealing with demonetisation & an increase in digital payments.This was the main factor in the decrease of the share price. It looks like some of the weak holders who have departed in recent weeks are eager to get back in.

[hyper al] 25/1/2017 08:24

harebridge

But we are a UK company. They should be reporting the figures for the UK group, which is the company investors are directly invested in.

What are the figures for the UK based company? ie what income (if any) is flowing into Koovs UK from the various Indian companies Koovs UK own or have a share in?

[harebridge] 25/1/2017 08:09

That is how companies report in India.

[fozdad] 25/1/2017 08:05

They are so frustrating with their selective use of numbers.

I find the reporting of a retail sales value including taxes, when KOOVS are selling at wholesale prices to be at best disingenuous. It's a trading update ffs, give us figures that mean something.

[harebridge] 25/1/2017 07:50

This short positive trading update is designed to reassure investors post demonetisation.The biggest monetary policy change in India has affected e commerce greatly.

[davidlloyd] 25/1/2017 07:50

And returns numbers .......
DL

[nicksig] 25/1/2017 07:46

Fairly meaningless without an idea of profit margins

[bad gateway] 25/1/2017 07:45

Not a bad update though as the shorters bear thread is silent. No chandaliar swinging there either.
Would have been good to have had some idea of cost of sales imo specially afters monkeys posts.

[catswhiskas] 25/1/2017 07:42

No cos everyone would have been swinging from the chandaliers ramping the pants off this from 7 oclock if it was !

[harebridge] 25/1/2017 07:41

Triple digit growth over 100% can't complain!!

[hyper al] 25/1/2017 07:40

From todays RNS

"Gross sales order value placed through the KOOVS.COM website including taxes. This does not represent the revenue of the Group. "

So what is the revenue of the group?

[tickler] 25/1/2017 07:38

Well, will that update be good enough for a blue day?

[harebridge] 24/1/2017 17:18

Brand new App out today for Koovs.Also: Koovs.com collaborates with MasabaNew Delhi, Jan 24 : Designer Masaba Gupta has collaborated with online fashion destination Koovs.com to launch a capsule range focused on athleisure.The collection -- Masaba X KOOVS -- is a mix of fun and individualistic designs. The range comprises ready to wear pieces such as body suits, jumpsuits, joggers, crop tops, tank tops and sports bras. There are accessories such as flip flops, tote bags, backpacks as well.The prints for the collection are like a battle between temptation of junk food and fitness, and brings to life a versatile range bearing four different prints -- Gumbell, Swagger Gum, Swim Girl and Chocolate."Athleisure has been on my mind for many years now and I am thrilled to have partnered with Koovs to launch such a collection finally. The line is aimed at young, fashion-conscious women who love a chic ensemble even when they are on the treadmill. The line also has fun accessories like totes, printed slides to glam up your wardrobe," Masaba said in a statement.Masaba X KOOVS will launch on February 16.