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KOOV Koovs Plc

2.90
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Koovs Plc 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
  0.00 0.00% 2.90 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Koovs Share Discussion Threads

Showing 4626 to 4634 of 27600 messages
Chat Pages: Latest  192  191  190  189  188  187  186  185  184  183  182  181  Older
DateSubjectAuthorDiscuss
11/9/2017
16:01
I know it is an old message, but it falls into the fiscal year

or not?

lazytrader
11/9/2017
16:00
I know it is an old message, but it falls into the fiscal year

or not?

lazytrader
11/9/2017
15:41
the loss includes the purchase of koovs india (9 mill pounnds)?
lazytrader
11/9/2017
14:51
Fozdad

Possibly you misunderstood. I was making a comparison with Boohoo in 2011 and pointing to the gross margin being the most important factor to consider going forwards. I made the point that BOO margins were good not Koovs margins. Koovs management listed gross margin on product sales at 6% up from -4% but they also said that they will be working to improve this going forwards. Gross margin and continued sales growth is key for me. Management surely know what the expect to deliver in terms of margin in the next two years (a lot more than 6% they would hope!)but at the moment it looks like they are trying to establish the momentum in sales as the no.1 priority.

"In 2011 before BOO IPO'd their figures were T/o 24.4m GP12.5m 51.4%! OP177k NP after tax 139k. So margins were good but they were not massively profitable at the bottom line at that point."

The fact that they ship through Marble E-retail Private Limited doesn't make any difference. Marble E-retail Private Limited is owned by Koovs. It doesn't need the legislation to change.

talygarn tom
11/9/2017
13:25
Tom, margins were good?

Revenues were £8 million and cost of sales were £12 million, that's a 50% gross loss!

"Note: The group gross margin reported in these financial statements is the margin generated on sales of product to Marble E-retail Private Limited, the operator of the KOOVS.COM website. Due to foreign direct investment rules Koovs India cannot currently ship directly to the end consumer. Trading margin is the implied gross margin that would be reported in the companies accounts if Koovs India were able to ship products directly to the end consumer, and is a key performance indicator of the Company"

In other words, it's pretty meaningless at the moment! Until this situation changes and legislation allows Koovs to run their own retail division, I can't see where profits are ever going to come from.

fozdad
11/9/2017
12:54
I can fully understand why people don't like these numbers and the prospect of another placing, however, IMO if the sales continue to grow the key for me, as I alluded to previously, is where they can get the gross margins to.

In 2011 before BOO IPO'd their figures were T/o 24.4m GP12.5m 51.4%! OP177k NP after tax 139k. So margins were good but they were not massively profitable at the bottom line at that point.

Still early days for KOOV but sales and margins have to increase significantly and rapidly and cash burn reduced. Hopefully things like SOUQ.com will help.

talygarn tom
11/9/2017
12:28
You can say that again ckafetz. Another POS I got stuck with from the 82p a share days ?????. I just wish I had left well alone. This AIM Market must be closed down.
maloneyt
11/9/2017
11:35
Well said Irish, Well Said.
adeje65
10/9/2017
18:31
I went through something similar to this with GEO interactive Media. Whilst everyone slated it, I was buying heavily at 50p and less. It peaked at £36 before the sitcom crash. Ignore the noise and buy when there's blood on the street. Trust the management. They have put their own money in and have good experience. Keep knocking it down guys. I will be buying more.
irishlass2
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