Koovs Share Discussion Threads

[owenski] 07/11/2017 14:15

Quite a drop on this rubbish today.

Indicates future direction IMO

[effortless cool] 06/11/2017 15:41

Where's that funding? Tick tock ....


Effortless Cool 6 Oct '17 - 16:15 - 597 of 784 2 0 Edit

KOOV had INR 646m of cash and bank deposits at 31/3/17.

They had operating cash flow of INR -2,233m in the year to 31/3/17. That equates to around INR -186m per month.

They raised approximately INR 760m (£8.9m) through an issue of convertible loan notes in July 2017.

Based on the cash and bank deposits at last year-end, plus the money raised subsequently, and assuming that the rate of cash burn this year is consistent with last year, KOOV had about 7.5 months' worth of funds.

On this basis, KOOV cash is due to run out roughly half way through November 2017.

Better get moving raising that additional £7.5m they have been promising since July. On the same assumptions, that should extend their life until end-February 2018.

[kazz] 04/11/2017 18:30

All these launches, and still the share price declines
What is that all about then?
I know patience is required, but give me strength.
Disappointed from Ditton

[putneylad66] 03/11/2017 16:27

Gauri & Nainika launch their debut shoe collection with Koovs
There's a Carrie Bradshaw moment in there
BY ELLE TEAM NOVEMBER 3, 2017

[irishlass2] 03/11/2017 12:53

Thanks for that interview link.

[putneylad66] 03/11/2017 12:03

Great interview just out with Chairman Lord Waheed Alli

Helmed by Lord Waheed Alli, the Ex-Chairman of Asos.com, a British online fashion retail giant, which under his leadership, grew from a $4mn to a $3bn company within a span of 12 years, his mission is to build Koovs as one of India’s leading affordable western fashion destinations.