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Share Name Share Symbol Market Type Share ISIN Share Description
Koovs LSE:KOOV London Ordinary Share GB00BHB22S55 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -0.92% 27.00p 26.00p 28.00p 27.25p 26.50p 27.25p 1,065,907 16:27:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2.1 -9.4 -27.6 - 6.51

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06/5/201614:34Koovs plc453

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Koovs Daily Update: Koovs is listed in the General Retailers sector of the London Stock Exchange with ticker KOOV. The last closing price for Koovs was 27.25p.
Koovs has a 4 week average price of 27.91p and a 12 week average price of 20.58p.
The 1 year high share price is 78p while the 1 year low share price is currently 10.50p.
There are currently 24,110,719 shares in issue and the average daily traded volume is 243,666 shares. The market capitalisation of Koovs is £6,509,894.13.
harebridge: Indian Online Retailer Koovs.com raises funds for further growthLONDON - Koovs plc, the India-focused online retailer listed on the London Stock Exchange, said Friday it has raised gross proceeds of 21.9 million pounds, or $31.9 million, through the issue of 87.6 million new ordinary shares at a price of 25 pence, or 36 cents an ordinary share.The new capital comes from existing shareholders and new institutional investors, including Ruffer LLP, and will be used to build up and promote the site. Starting in May, Koovs' multichannel "Step into Koovs" marketing campaign will expand.Among the new investors are Lord Waheed Alli, a British media mogul, Labour party figure, and former chairman of Asos.com; Baroness Gail Rebuck, the British publisher and chair of Penguin Random House's British division, and Ruffer LLP, the British fund manager and investment company.The funds will also be used for working capital and to acquire the remaining 38.6 percent stake in Koovs India, giving the parent company 100 percent ownership of the subsidiary.The company said it has authority to raise up to an additional 8.1 million pounds, or $11.8 million, at 25 pence an ordinary share prior to June 30.The company has a market capitalization of 12.5 million pounds, or $18.2 million, and is listed on the smaller AIM division of the London Stock Exchange. The share price was down 1.2 percent to 28 pence, or 41 cents, in afternoon trading.Mary Turner, chief executive officer of Koovs, said India's online fashion market is expected to increase five-fold by 2020, to 1.5 billion pounds, or $2.18 billion, and management has a clear strategy to accelerate Koovs' growth in this market."Our near-term priority is to continue to build the brand. Our ambition remains to become India's number-one Western fashion destination by 2020 and today's announcement marks a next significant step towards that goal."Koovs carries clothing and accessories brands for men and women, with brands mostly in the high street and contemporary arenas. Brands include Guess, Ray-Ban, Lipsy, Maybelline and Michael Kors watches.
harebridge: KOOVS1. ManagementKoovs has been given the tag, "Asos copycat". This is not just because it's business is online fashion or that the website looks uncannily like Asos's but because it's management are also ex-Asos.If you need a reminder, Asos to date, is the most successful AIM stock in history. If you'd invested £1000 when it first floated you could have made approximately £160,000, that's a 15,900% return!LORD WAHEED ALILord Waheed Ali joined the Board in 2012, having been Chairman of ASOS plc between 2000 and 2012.He has extensive knowledge of international fashion, coupled with a keen eye for innovation. Lord Alli's vision is to develop Koovs.com as the fashion retailer of choice in India. Lord Alli was appointed to the House of Lords in 1998 and is currently Chairman of Silvergate Media Limited, part of a group of media companies which specialises in children's television, publishing and merchandising. Mary Turner, aged 57 – Chief Executive OfficerMARY TURNERMary was Chief Executive of AlertMe.com, a pioneer in the "internet of things" technology which powers the UK's leading smart homes solution, Hive Active Heating, acquired by British Gas in May 2015.Previously she was Managing Director and Chief Executive Officer of Tiscali UK Limited from 2001 to 2009 and was a non-executive director of ASOS plc between 2009 and 2013. Robert Bready, aged 47 – Chief Creative OfficerROBERT BREADYRobert began his career at River Island, holding a variety of merchandising roles in womenswear and menswear. In 1997, he moved to the Arcadia Group, spending eight years working across young fashion retailers including Miss Selfridge and TopMan, eventually becoming Senior Executive for the Miss Selfridge brand. Robert was the Product Director of ASOS plc between 2006 and 2012.These are people who not only have excellent track records in online fashion but know the market they're selling to. They also have ambition to make Koovs into India's one-stop digital fashion website over the next 5 years. 2. Share PriceKOOVS SHARE PRICEAs I pointed out above the management have the ambition to make it the number one fashion website over the next 5 years. This takes a lot of investment and therefore fundraising. The management have outlined a plan to raise £35m over the next 3 years.This may put some investors off as it seems that this fundraising would be extremely dilutive to existing shareholders should they use equity placings to raise these funds.First and foremost, £5.6m of this has already been raised, through two tranches. The first tranche was through directors who subscribed to £1.1m million of shares at 37P.The second tranche of raising happened on 11th January by issuing 17,800,000 new ordinary shares at 25p to raise £4.5 million.The share price is currently at 15.875p, way below what these two fundraising were placed at.You may think that this share price can only go down again, what with further placing planned to happen. Maybe but they have just under 3 years to raise £29.4m or £9.8m per year. Even if they maintain their current level of sales (this is very conservative as they are achieving triple digit growth, see below) I would be very surprised if their revenue didn't exceed £9.8m this year. 3. Sales and StatsThis is the last trading update for the 14 weeks to 3rd January 2016:– 210% sales growth to INR295.6m (£2.96m).– Increased brand awareness from 1% to 8% (according to Campaign Watch from mConsult).– 98% increase in website visits and 75% increase in conversion rates year on year.– Weekly traffic exceeded one million visits per week for the first time; a 40% increase from the start of the marketing campaign.For the last three months of 2015 they achieved sales of £2.96m. This is pretty much double the sales they achieve in the 6 months up until September 2015 which were £2.8m and almost double the sales they achieved in the 12 months up until March 2015, which were £2.7m.So as I pointed out above, even if they maintain these sales figures, on a quarterly basis, they'll achieve a revenue of £11.84m. Should they double their revenue every 3 months, as they have been doing, then they'd achieve over £40 million in revenue for this year. This company's market cap is less than £4m. 4. The MarketPopulation wise, India is the 2nd biggest in the world with 1.25 billion people.The Indian e-commerce market is undergoing exceptional growth. The lifestyle e-commerce market is estimated to increase by 5-times to £7.5bn by 2020, driven by the rise of the internet-connected middle class in key urban centres.Koovs' strategy is to access this growth market and to build Koovs.com into India's number one affordable western fashion destination by 2020 with a focus on growing market share to greater than 10pc.Their brand awareness in their last update, after their marketing campaign, went up from 1% to 8%.Asos does not have a presence in India but they're always expanding. If and when they do decide to expand into India do you think they will try to compete with Koovs? Or just buy it and re-brand it? After all it'll wouldn't take a lot of design changes to the website.http://www.sharepickers.com/4-reasons-why-i-bought-koovs-koov/
harebridge: Paul Scott (Paulypilot) keeping an eye on Koovs.Koovs (LON:KOOV)Share price: 31.2p (up 15.6% today)No. shares: 44.9m (before fundraising)Market cap: £14.0m (before fundraising)Capital fundraising update - it's not a done deal yet, but it sounds as if this Indian online fashion retailer is close to raising up to £30m in additional funding, at a surprisingly good price of 25p. Well done to them, if the deal completes.Obviously this will dilute existing holders considerably, with the share count going up from 44.9m to 164.9m - existing holders will only own just over a quarter of the company post-fundraising.Also bear in mind that the company is heavily loss-making, so the intention is to burn up pretty much all of the new money, in trading losses from heavy marketing spend, and other overheads.Some of the money is also apparently being used to normalise the capital structure - i.e. buy out the large minority interest in the main trading subsidiary. This is very good - nobody likes unusual capital structures.Once this deal completes, then the company will be safer to invest in, for a couple of years anyway. If it maintains very high growth rates, then investors might start to get excited about it becoming the next Asos - remember that its key shareholder & Director is ex-Asos.Although it very much remains to be seen whether a viable business can be created from this heavily loss-making jam tomorrow company.- See more at: http://www.stockopedia.com/content/small-cap-value-report-13-apr-2016-spd-koov-pfd-wgb-127496/#.dpuf
harebridge: The move down to the placing price would have started at 0800 hrs.The fact that this is 10% above the opening price & 20% above the placing price just goes to show that you can't second guess the market.Those that bail out always hope for a decline in the share price. But it's interesting that they always sniff about & lurk about afterwards.
forethought: http://www.franklinindependent.com/is-koovs-plcs-fuel-running-high-the-stock-just-gapped-up/ "Is Koovs PLC’s Fuel Running High? The Stock Just Gapped Up by Franklin Staff Contributor — April 5, 2016 The stock of Koovs PLC (LON:KOOV) gapped up by GBX 0.763 today and has GBX 48.26 target or 96.00% above today’s GBX 24.62 share price. The 5 months technical chart setup indicates low risk for the GBX 10.99 million company. The gap was reported on Apr, 6 by Barchart.com. If the GBX 48.26 price target is reached, the company will be worth GBX 10.55M more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 43.80% or GBX 7.5 on April 5, hitting GBX 24.62. About 986,158 shares traded hands or 3049.05% up from the average. Koovs PLC (LON:KOOV) has declined 63.52% since September 2, 2015 and is downtrending. It has underperformed by 67.47% the S&P500."
johnwise: Koovs PLC Trading update 11/01/2016 UK Regulatory RNS http://uk.advfn.com/stock-market/london/koovs-KOOV/share-news/Koovs-PLC-Trading-update/69948914
harebridge: A great article by Paul Scott on Stockopedia about KoovsKoovs (LON:KOOV)Share price: 44p (down 31% today)No. shares: 24.1mMarket cap: £10.6mResults y/e 31 Mar 2015 - these have been published just in the nick of time, as they're now 6 months old, and I think the shares would have been suspended if results had not come out today.Anyone who thinks that it's easy to create & build a fashion website, should take a look at the mess that Lord Alli has made of things here. Remember too that he's experienced, having been involved with Asos for many years, so he should know how to do it.The reality is that it's painfully slow, and very costly (especially marketing spending) to create a successful online retailer. Sure, there are few barriers to entry, but there are massive barriers to scaling up to a decent size. Creating a transactional website is easy, but getting large numbers of people to repeatedly buy from it, is very hard. Making a profit is harder still.Koovs generated only £2.1m in revenue for the year, and incurred a staggering £10.8m operating loss! There was only £13.7m cash left in the bank, so only enough to take them into roughly mid-2016, at that rate of cash burn.Bizarrely, the company confirmed on 2 Apr 2015 (which I reported on here) that it would need more funding. That's a terrible mistake, as it then means the existing shares can become virtually worthless, if providers of the next stage funding play hard ball. It's OK if there are financiers falling over themselves to invest, but on the back of the company's dismal performance to date, it's difficult to see why anyone rational would want to back this with more money.Worse still, Koovs today says that it hopes to raise another £35m for continued losses, saying that the first tranche should be raised by the end of 2015. This means heavy dilution, as new investors are bound to demand a deep discount. The more dilution, probably at an even lower price, in 2016 and 2017.My opinion - I think they should have adopted a far more modest business plan, instead of going for growth, and burning huge amounts of cash. It all hinges on whether new investors are prepared to throw substantial amounts of more money at it, or not? The existing shares have no attractions at all, in my view. I'd rather wait until it's properly funded, and is showing the first signs of being a viable business. It's a long way from that right now.It's been a disaster for shareholders so far, as you can see from the chart below. Why invest in this, when you can invest in a successful, strongly growing, profitable, online retailer like Boohoo.Com (LON:BOO) (in which I hold a long position) at a reasonable price?560bdae66af6aKOOV_chart.PNG- See more at: http://www.stockopedia.com/content/small-cap-value-report-gbo-107216/#.dpuf
bozzy_s: I have no financial interest in these. Just noticed them as top % losers and read the results & previous 50 posts on here. Had to look at the Facebook link in 323. Think you've made the right move hazl. Painful in the short term - been there and done that myself (as well as hang on too long to a non-performing stock) - but there is zero chance of these rising substantially from here. The results are dire, and the company is burning cash like no business. It also failed to raise funds when the share price was higher and sentiment more positive. Reckon this company needs to slash its cost base and lower its expectations. There are tons of clothes websites in India, as well as the likes of eBay. No point in trying to compete with these. Just keep existing customers happy, aim to grow by good reputation / word of mouth, and keep central costs to an absolute minimum - as other online retailers do. Should be spending around £0.5m per year for everything, including share listing fees and customer support team - to keep all customers happy.
hazl: THANKS SAUCEPAN its good to have feedback both positive and negative. The thing I will say is that even before I look it is clear that it is a very competitive market and in that regard, it could be competitors rather than real customers,writing, that is a possibility and I have read of it happening over here so who knows? Also I was just reflecting on the fact that over the last month or so,through the turmoil KOOV has done remarkably well,share-price-wise, compared to many firms. As ever it is upto the individual for conclusion. IMO
hazl: interesting imo http://www.grant-thornton.co.uk/en/Thinking/India-Watch-Small-Cap-Index-falls-further-in-Q2-2015/?previouspage=7262IMO Similarly, Koovs plc, an online fashion retailer specialising in women's clothing, saw its share price fall 37.9% from the previous quarter. Recent discussions over a fundraising exercise to cover rising marketing costs is the most likely cause of this falling share price. In the year to 31 March 2015, Koovs' marketing costs were INR210 million (£2.1 million) greater than anticipated. However, Koovs is not the only fashion retailer experiencing a rise in marketing costs, with ASOS reportedly experiencing similar issues. Country outlook - See more at: http://www.grant-thornton.co.uk/en/Thinking/India-Watch-Small-Cap-Index-falls-further-in-Q2-2015/?previouspage=7262#sthash.kiDDx5cb.dpuf

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O 1,000 26.95 06 May 2016 16:27:30 GBX
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