Koovs Share Discussion Threads

[telbap] 04/4/2017 10:44

No P and L, how much cash did they burn last qtr anyone know?Also how much cash do they have left?And I agree with Mister MD, how can they quote receipts including tax ??? I am interested to buy into this company, but will we be diluted out of existence by the time they break even/ make a profit?Look at ASOS today, 27m profit on almost 2bln t/o........this share price does not inspire great confidence in the biz model, just how big do they need to be to actually return value to the share holders?

[spellbrook] 04/4/2017 10:39

Progress is being made...Asos was the same...working class Indians moving with the times and fashion, I believe the team at koovs will drive this forward...gla

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[mister md] 04/4/2017 09:48

Signs of improvement

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

Wouldn't it be clearer if they mention Net Revenue

[harebridge] 04/4/2017 08:40

Gross margins, not profits.Gross margin is a company's total sales revenue minus its cost of goods sold (COGS), divided by total sales revenue, expressed as a percentage.Was running at minus 20% from last Interims, which crucified the share price along with demonetisation.Looks like Koovs are successfully dealing with both issues.

[rampmeister] 04/4/2017 08:36

Surely positive gross margins expectations for fy 2018 is best news yet. This is a full year ahead of previous guidance. Someone correct me if I'm wrong.

RM

[tricky20] 04/4/2017 08:25

Looks like an excellent statement.As Irish lass says "Think what it would have been without demonetisation".Demonitisation did have a catastrophic effect on e-retailers,all of whom (with the sole exception of KOOVS) were caught with excessive inventory and had to discount massively to get rid of that inventory-this in turn hit Koovs as the competition were virtually giving stuff away.However,demonetisation has pretty much worked its way through the system and competitor discounting is now abating.Expect sales growth well ahead of 100% at Koovs for the foreseeable future.This was an excellent performance given the backdrop.

I hope we do not sell out too early,this share price can be well over £10 in the next 5 years given growth rates.

[harebridge] 04/4/2017 08:02

Talking of ASOS, they also have a trading update out today."ASOS is making good progress towards its ultimate goal of becoming the world's no. 1 destination for fashion-loving 20-somethings"With the huge ASOS connection with Koovs, wouldn't be surprised to see a tie up or takeout. ASOS had to exit China & with their UK growth at just 18%, there won't be a better place than India.

[irishlass2] 04/4/2017 07:46

Think what it could have been without demonetisation!

[spellbrook] 04/4/2017 07:43

These 2 collections will increase sales and traffic .....


New collaborations to launch this spring from Disney and the Princess Collection with Daniella Helayel, further raise the profile of Koovs as a fashion first company.

[market master] 04/4/2017 07:41

I'm very happy with that..... RIGHT ON TRACK!!

[harebridge] 04/4/2017 07:38

87% growth, not bad considering demonetisation, but at least they said they've improved their gross margins.

[irishlass2] 04/4/2017 07:32

Positive gross margins in 2018. Looks good to me.

[spellbrook] 04/4/2017 07:23

certainly moving forwards and engaging with its target market imo with more to come as the brand grows and grows..


The company's brand position as a fashion authority, offering exclusive Koovs Private Label designs, goes from strength to strength. Unique lifestyle content for online and mobile and four standout designer collaboration collections during the year, with Manish Arora, Hattie Stewart, Gauri & Nainika and Masaba, have further amplified Koovs clear position for authentic western fashion. New collaborations to launch this spring from Disney and the Princess Collection with Daniella Helayel, further raise the profile of Koovs as a fashion first company.

Koovs also continues to invest in the brand and amplify its unique proposition. Phase three of the Koovs brand campaign commenced mid-March and has lifted web traffic by 50%, peaking at two million in a single week.

[spellbrook] 04/4/2017 07:18

Analysis: Asos and the global etailers vying to take it on

[spellbrook] 03/4/2017 20:46

Pound v Indian rupee

[spellbrook] 03/4/2017 20:43

Koovs Fashion portal

[spellbrook] 03/4/2017 16:30

A few jumping ship before the trading update....

[ckafetz] 03/4/2017 15:01

I'll take a penny rise everyday thank you very much

[harebridge] 03/4/2017 08:50

Interesting that the video talks about currency gains to Koovs advantage.Currently, £1 gives 81 rupees as opposed to over 100 rupees this time last year. That's a currency gain of 20%, surprised that no one else has mentioned this.

[spellbrook] 02/4/2017 19:07

Worth another listen...