Koovs Share Discussion Threads

[412069] 02/10/2017 08:43

adequate resources to continue in operational existence for the foreseeable future.....

operational in what way is the question.. listed or other ?

[jamesto2] 01/10/2017 18:30

Does anyone remember BOO.COM it went bust as it only raised half the required money back in May 2000 and like Koovs is spent all the money ? KOOVS say it's pre tax loss is stable at a whopping 19.3 million in the RED .. The company put the huge losses down to higher operating costs and the cost of sales . With all the delays and expansion failure and lack of news re funding I will sell more as this company are swimming against the tide

[billthebank] 01/10/2017 16:51

I have been watching this share and really really can't quite undestand how this share had dropped so much Certainy not in a hurry to buy these presently.Falling knife I feel GLAHs

[jamesto2] 01/10/2017 16:36

Anyone that's invested at the float ( like I did ) has lost 84% so far.

[tricky20] 01/10/2017 15:39

Calm down everyone-the funding will come.This is all pretty standard for an early stage e-commerce company.Over the next 2 years the shares will be very volatile and cash will be a worry,but contrary to some commentary here,management is excellent.Mary Turner has huge energy and a great track record.Rob Purcell is highly competent and does in fact know exactly what he is doing and Waheed Alli is immensely shrewd and has consistently put a large amount of cash where his mouth is.Hold on guys-2 more years nail biting and then this will take off.In 5 years we will all be happy.

[jamesto2] 01/10/2017 15:06

BUSINESS IS BOOMING AND THEY ARE GIVING THE STUFF AWAY AGAIN ???

More is good! Buy 1 Get 1 free at KOOVS.COM, all day today! Use code YASPLS at checkout. Shop here:

#KOOVS

BUY ONE GET ONE FREE IS BACK

[ckafetz] 01/10/2017 14:36

Ive all but written off my investment here

[irishlass2] 30/9/2017 18:54

If they spent 50 million to be number 1 in India, isn’t that money well spent?

[jamesto2] 30/9/2017 18:39

National Storage Mechanism
Appointed by the FCA to act as the official mechanism for the storage of regulated information in the UK - Terms of Use shown here
RNS Number : 3290S
Koovs PLC
29 September 2017

KOOVS PLC

Results of 2017 Annual General Meeting

29 September 2017

The Board of Koovs PLC ("the Company") is pleased to announce that at the Company's Annual General Meeting held on 29 September all the resolutions set out in the Notice of Meeting dated 6 September 2015 were passed unanimously on a show of hands.

A copy of the resolution passed as special business at the Annual General Meeting will be submitted to the National Storage Mechanism and will be available for inspection at: www.morningstar.co.uk/uk/NSM.

Details of the proxy votes received are available on the Koovs corporate website at www.koovs.com/corporate (follow links to Company Secretarial)



This information is provided by RNS
The company news service from the London Stock Exchange

END


AGMDKLFLDKFLBBQ

[jamesto2] 30/9/2017 18:01

Irishlass2 - they will need at least another 50 million pounds if they want to be number 1 by 2020 & the expansion into Middle East is just like an eBay site called Souq.com. ... ( Amazon own it not us ) . I'm as fed up as harebridge

[transhoneyqueens] 30/9/2017 17:47

A DILUTION OF 90% PLUS FOR ORIGINAL IPO SHARE HOLDERS WOW

[irishlass2] 30/9/2017 17:34

So, they might raise £20m more than they expected to 3 years ago? Isn’t all that historical and already in the price? Were they expecting to expand into the Middle East 3 years ago? Things have changed and the pie is much bigger.

[transhoneyqueens] 30/9/2017 17:17

THIS COMPANY IS ABOUT AS USELESS AS MY CHOCOLATE TEAPOT ..

[jamesto2] 30/9/2017 01:25

My point is they have said they would quote " raise up to 35m pounds in 3 years " and so far in less than two years they have all ready raised well over that amount !! raised 47.95 million pounds and if we get the 7.4 million added next month it's already up to 55.35 m million pounds raised and I don't expect that to last until 2018/2019 ? WE ARE NOT EVEN UPDATED RE DELAYED SUMMER EXPANSION OR SHARE PRICE AND FUNDING COLLAPSE LOL

[jamesto2] 30/9/2017 01:01

Back in September 2015 Koovs announced plans to raise up to 35 million pounds over three years to invest in marketing , product range and infrastructure and on December 22 2015 It said: "Although the funding process has not yet concluded, discussions with a number of potential investors have been encouraging.

"Based on this, the directors have a reasonable expectation that the on-going efforts will be successful and that therefore the group and company will have adequate resources to continue in operational existence for the foreseeable future.

Koovs said the e-commerce market in India was growing extremely quickly and was attracting significant investment from a number of major players.

"With this level of noise in the market and the inevitable upward pressure on marketing costs, particularly for biddable search terms, we have found it necessary to increase our investment in marketing to secure sufficient share of voice in the market to maintain a healthy growth in revenue," it said.

Shares in the group were flat at 26.5p.

[jamesto2] 29/9/2017 22:06

THIS WAS POSTED ON LSE CHAT ?? .
I have been watching KOOV for a long while, I actually believe they are in a really unique market place that could, given the right direction of company, be a real money-spinner. India is a vast country that online business will boom, opportunity knocks for sure, but have they got it right. Knowing retail a little, I'm a little perplexed by the reporting, it really does not read that well, it could just be my interpretation of those preliminary results, however it would appear pretty poor. Often when I read "wholesale" I shudder as clearly they aren't creating the brand they so desire with appropriate sales, else why get third parties involved with selling. These third parties will look to discount beyond what is available online, lowering the brands worthiness. Reading comments about BOO etc is just wishful thinking IMO, BOO is just not comparable. Additionally funding delays and uncertainty will have a real negative impact on the ability for the company to get their clothing manufactured, it's a real cut-throat business with small margins, those quality suppliers will not be supplying to anyone with a huge risk to their capital. All those I know, it's many, would insist on funds upfront in this instance, perhaps not all but at least 50%. I might sound negative, I sincerely hope for all invested this works out short and long term, I ask out of interest how those invested are measuring success today and suggesting KOOV's is on track?

[ksharlandjiev] 29/9/2017 18:07

I bet these guys are KOOVS employees...