Koovs Share Discussion Threads

[isaready] 23/9/2016 13:45

Thanks harebridge. I shall, bit by bit.

The same applies to internet dating, it's booming there and all new. It's quite possibly they are 3/5 years back.

I wonder what other internet services are online in India and on the market, as they will also see growth.

[isaready] 23/9/2016 10:11

Interesting. I do not hold at the moment. Not had time to read on the company yet, their results, when their next results are and what we expect. I assume there is no broker note too.

Are there many competitors in India in the same space?

Clearly June was an ideal time to buy.

If anyone can help, much appreciated.

Looking for an entry level, but to keep for 5 years.

[harebridge] 23/9/2016 09:07

Mary Turner CEO""India is exciting in terms of the growth rate, which is being fuelled by organic demand. Not only is the population growing, but consumers are also urbanising, their propensity to spend is growing and they are becoming more discerning and style-conscious. The market for online fashion in India is growing rapidly."

[harebridge] 23/9/2016 09:00

There's no doubt that India has much catching up to do, but the fact remains that it's the fastest growing major economy in the west with Internet usage surpassing the US

[isaready] 23/9/2016 08:49

India is about 3/4 years behind the UK in terms of usage , experience etc.

[forethought] 22/9/2016 15:02

I guess it depends where you start. The maths says 700/day on your measure but yeah whatever!
We can agree it's increasing.

[harebridge] 22/9/2016 13:50

(LON:BOO) LOL!

[harebridge] 22/9/2016 13:49

Silly old man sitting in his bedsit- should've got into Boohoo when I told you lol! Now 97p!!

[harebridge] 20/9/2016 19:13

Still early days for consolidation in niche e-commerce space: Koovs CEOUpdated: September 20, 2016 Online fashion retailer Koovs, which launched its private label in India in 2012, believes that it is still early days for consolidation in the specialised e-commerce segment.Mary Turner, CEO, Koovs Plc, told BusinessLine that her company is eyeing a 10-per cent share in India's online fashion vertical by 2020. But to achieve this growth target, acquisitions may not be the immediate answer, as Turner believes "it is still early days for consolidation to happen in the specialist e-commerce segment. I think inorganic opportunities will come only when specialist e-commerce companies want to expand to other verticals."Bullish on the huge opportunity presented by the Indian market, Turner said the e-commerce company aims to break even by 2019. The AIM-listed company achieved sales of about ?100 crore (£10 million) in the last fiscal ended March 2016 and expects it to grow 2-2.5 times by this fiscal year-end.She said that for the next few years, Koovs will continue to focus on offering affordable western fashion to 18-34-year-old style-conscious consumers.Besides offering "designed-in-London and made-in-India" private-label apparel and accessories, the firm also sells curated and exclusive collections of international and domestic brands. Turner said: "India is exciting in terms of the growth rate, which is being fuelled by organic demand. Not only is the population growing, but consumers are also urbanising, their propensity to spend is growing and they are becoming more discerning and style-conscious. The market for online fashion in India is growing rapidly."About 40-45 per cent of the company's sales come from its private-label range, while the balance is contributed by other branded products. Turner said the company wants to grow the sales contribution of its private-label range to 60-65 per cent.CompetitionAsked about the growing competition from international brands entering the Indian market, Turner said since India is not a core market for most of these international brands they are not focussed on bringing the latest designs at affordable prices to India and therefore do not do justice to the style-conscious Indian consumer."We are a fashion-forward brand focussed on bringing the latest and authentic western wear to the Indian market at affordable prices. The Koovs range is exactly what consumers are wearing in New York, London or Milan right now, and that is our key differentiator."The company plans to extensively use social and digital media to make consumers aware about this key differentiator.

[mrcoolguy] 20/9/2016 14:05

Profitable in "the next three years" how long did Asos take I wonder?

[mrcoolguy] 20/9/2016 13:49

Harebridge. I agree. But will there be full take up...... Or will Alli.... And ditectors just (have to) increase their holdings?

[harebridge] 20/9/2016 12:47

Being sold down to a predetermined placing price that Lord Waheed Alli is comfortable with.I'm going for 50pWelcome to the crooked world of AIM!!!!!

[harebridge] 20/9/2016 10:39

harebridge - 05 Sep 2016 - 22:06 - 331 of 338 - 1It must hurt, really hurt watching Boohoo & Koovs rise. This could have been the easy way out of your bedsit. But you just wouldn't listen.