Koovs Share Discussion Threads

[mister md] 22/12/2016 09:01

don't put all of your eggs in one basket

[croasdalelfc] 22/12/2016 08:58

For every £1 they earn the cost of the sale is £1.20 plus £2 in admin fees.It was exactly the same a year ago.

[duxy786] 22/12/2016 08:56

Missed that drop....blink and ya miss it....in my case, nature beckoned!

[rackers1] 22/12/2016 08:53

burning cash more than my wife this dog

[harebridge] 22/12/2016 08:43

There's the obligatory 10% drop to shake out stop losses & weak holders.

[duxy786] 22/12/2016 08:39

Still waiting, we tested a low last week, so expected a re-test. Looking to add at 45p if they'll let me have em

[jonnycj] 22/12/2016 08:28

hxxp://www.alexa.com/siteinfo/koovs.com

[harebridge] 22/12/2016 08:22

A very savvy move- I like this & explains the cash burnAdditionally, GBP3.2m (INR 291m) of marketing funds have been prepaid to secure significantly reduced media rates

[duxy786] 22/12/2016 08:19

che7 - Welcome to AIM

[che7win] 22/12/2016 08:15

Duxy, No, you don't understand.This business is haemorrhaging cash and the headline growth figure may look good, but it's from a very low base. The growth doesn't justify the overhead costs.This is no Amazon or boo, don't kid yourself. They can simply switch off marketing and go some way to meet their valuation metrics.KOOV is nowhere near becoming self sustaining and for now can hide under the "all is going to plan" view, it is high risk.

[harebridge] 22/12/2016 08:11

Amazon investing $1 Billion a year & nowhere near profit in India.Koovs is in the early stages. It is investing in creating its brand & smashing up all competitors on social media.

[dgbell7] 22/12/2016 08:09

The results didn't show any great leap forward. This could be a great business one day or shareholder value may become more and more diluted as more money is raised. I have closed my small position today , for a small loss, but good luck to all holders.

[ksharlandjiev] 22/12/2016 08:07

Another disappointing results

[duxy786] 22/12/2016 08:04

che7win22 Dec '16 - 07:53 - 1822 of 1825 1 0
Horrendous losses and ongoing at that.
£46m raised and more needed, very high risk.

--------

Never heard of speculate to accumulate?


If you are still here asking yourself the same questions about net loss after this long, then you will probably never understand an online business.

Take a look at this:

[melody9999] 22/12/2016 08:03

Am I missing something or are they saying they had £5.623M cash at start of period, raised £26.2M during period but now only have £7.74M at period end? That is quite some burn in 6 months. So revenue in that time is £3.989M for a cash burn of c £24M ?

[mrphiljones] 22/12/2016 08:00

Agreed!......too much ramping not enough substance.....:-(

[croasdalelfc] 22/12/2016 07:56

No positive outlook statement. Just in line. Nothing about strong trading from Sept to Dec

[che7win] 22/12/2016 07:53

Horrendous losses and ongoing at that.£46m raised and more needed, very high risk.A long way to go before it gets through to cash flow positive.

[harebridge] 22/12/2016 07:42

Margins will also increase as their own label keeps growing"Koovs stated aim to extend product offering has seen the exclusive Koovs private label collections continue to expand as the most popular brand on the KOOVS.COM web site, growing 124% and accounting for 40% of all sales."

[harebridge] 22/12/2016 07:36

Great sales as expected £7.9 million, against losses of £9.1 million as they invested in marketing, staff & new warehouse.Great that they spoke & dealt with demonetisation"The management's rapid response to offer flexible customer payment options, including door step conversion to card and e-wallet payments, and an increased focus on highly targeted marketing promotions, has resulted in a shift to 50% digital payments (from 30%), strong YoY growth in November 2016 and one of our best sales days ever during December."

[tickler] 22/12/2016 07:34

Ha ha well it is Christmas

[izztre] 22/12/2016 07:28

Hopefully will be ok as losses in line with expectations as lots of investment going on. No negative comments from the company. However we will know at 8am