Koovs Share Discussion Threads

[harebridge] 05/12/2016 19:16

Lovely intraday reversal as it bounced off the 200 moving average. This support line also happened to be the monthly pivot S1.The last couple of times it hit this level on the chart, there followed a big rise : )

[rbonnier] 05/12/2016 18:44

This will be back over 60p very fast as soon as the seller is cleared.I suspect the seller is done due to todays reversal would have stayed red if they were still around tomorrow this will be blue back over 50p imho as punters grab the final few under the recent placing price.

[geheimnis2] 05/12/2016 18:24

Should be above a quid by January?

[market master] 05/12/2016 18:23

It was a good so reversal from red to green today. Hopefully seller has cleared and so can get back up to 50p+

[monnow] 05/12/2016 18:14

Just drifting on lack of news, will have to limp on untill interims, last year they were posted on December 22nd 2015.I am sure the news will be good !

[geheimnis2] 05/12/2016 15:48

Anyone else in JOUL?

Looks like the shorters (cawky) are having a crack at BOO

[rbonnier] 05/12/2016 15:31

currently 1 v 1 10k either side doesn't look like dropping off a cliff to me as it already has !

[kidknocked] 05/12/2016 15:25

Looking like this could drop off a cliff anytime soon. Sell.

[andy mack] 05/12/2016 14:02

@soggy. I'm in the same position but believe that this company will definitely produce the goods. There are a few things going for it as i see it. They have an experienced board who have done it before, the brand is becoming more recognized and popular with bollywood stars getting onboard, India is growing it's Internet infrastructure so loads more people will have access to it soon. Also the clothes they are selling all look great! All in all lots of reasons to be optimistic for the future imo.The only thing that concerns me atm is the cash burn but they are getting more recognized as a result so hopefully won't be as drastic going forward

[harebridge] 05/12/2016 12:18

Soggy, remember that this is a very illiquid share with only about 10% in free float now. The rest is held by Institutions & Directors.It really doesn't take much to shift this share either way.There hasn't been a massive dump of shares.

[harebridge] 05/12/2016 12:14

Little top up of 3174 shares at 47p.If the seller is done, this will rise very rapidly. It's a shame that Koovs are in a closed period, as I'm sure they would want to fill their boots at this price.Still holding & adding & confident with the story here.

[soggy] 05/12/2016 12:12

WEll, I like the story here, and I've taken a chunk at a much higher level...so I'm a bit disappointed at this continual slide, even with the massive investment of late.

The market clearly just doesn't believe that they are going to deliver soon. The market is often wrong, but then again...it often tells us the truth.

Here's hoping that my misgivings are misplaced and that the next RNS will be full of real good news that sends us rocketing to where we really ought to be.

[dgbell7] 05/12/2016 09:43

Watching at the moment. Genuine best wishes to Harebridge and other holders, as I never go short on shares. Unlikely to go up much before some hard news I'd have thought.

[bad gateway] 05/12/2016 09:33

Has tested the aug intraday low will continue to hold if the 200dsma holds for the day.

[harebridge] 05/12/2016 09:10

Monnow- follow what's going on in India like a hawk. The demonetisation will definitely affect e commerce companies in the short term, especially as COD (cash on delivery) is part & parcel of their system.None of us can say who is dumping their holding, but I suspect it's someone from the shares option who thought they'd get in & out for a quick buck, now selling at a loss.There is some comfort to know that the Institutions invested many millions at 50p. This wouldn't have been done blindly.

[harebridge] 05/12/2016 08:45

I doubt very much the likes of Robert Pursell, Mary Turner & Lord Waheed Alli would be involved in a leak.Yes it's clear that somebody is offloading into the open market.

[rjd1233] 05/12/2016 08:40

Perhaps we have a leak and poor results are coming!

[petewy] 04/12/2016 17:43

Agreed RBonnier. Already monitoring buys and sell. Accountants don't talk?

[harebridge] 03/12/2016 19:37

The Times Group pumped £3.9 million into Koovs last week"The Times Group is India's leading national multi-media organisation with some of the most popular English language TV channels and publications. The investment arm of the Group has a track record of investing in high growth digital companies with strong prospects in the Indian market."

[harebridge] 03/12/2016 16:07

Interesting article on the growth of India's top online fashion portal Myntra.

Myntra claims it will be the first of online marketplaces in the country to become profitable. It has announced an annual growth rate of 80 percent, with a run rate of $1 billion in revenue. If things go well, the company aims to break-even by the end of this fiscal year.