Koovs Share Discussion Threads

[andy mack] 30/11/2017 11:01

@hairbridgeAre you now hoping for a buyer to takeover Koovs then? Do you nowno longer have faith they can do it by themselves? What sort of price do you think they would pay as I can't see them paying very much at this point in time? Definitely not enough for a lot on here to break even.The market definitely seems to be there and it's true that they are getting more popular but obviously the concern is do they have enough money and potential funding to continue. We have been in negotiations for funding for a while but still have not heard anything concrete still a big question mark for me atm. Even if a big player came in to buy them then they would take all of the potential upside so not sure pis would be any better off if that happened

[harebridge] 29/11/2017 16:56

Chairman Lord Waheed Alli (ex ASOS chairman) bought 1 million shares at 50p only a year ago.He now owns 38,699,218 shares- that's 22.6% of the company.India is now fully open to FDI (foreign direct investment), with many big guns now vying for a piece in the last frontier of e commerce.Alibaba, Walmart, Amazon & Flipkart are just a few.What's exciting here is the Koovs high margin private label that makes up 40% of all sales.The big guns are looking out for high growth private labels & there isn't any other brand growing like Koovs.

[richjp] 29/11/2017 14:14

I thought that harebridge and putneylad are one and the same.

[harebridge] 29/11/2017 11:49

Yes Ade- fully loaded & topping up when I can. Management are confident of closing the fundraising pretty soon, followed by a long awaited trading update.Looks like most weak holders/ mug punters/ gamblers & traders have left the building now.

[adealsiddiq110] 28/11/2017 22:51

Real good work PutneyLad66.Harebridge you still around and still holding?

[putneylad66] 28/11/2017 18:49

Mary Turner, CEO of the country's fastest-growing online fashion retailer Koovs has a track record in helping build British tech businesses. Can she make the most of the country's booming economy and large youth population?

Mary Turner must believe success is around the corner - she takes no salary, preferring share options and now owns about 5% of the company.

Koovs says it took de-monetisation in its stride. The business while relatively small - it turns over £19m - is growing at 87% annually and already has an AIM listing in London, although the share price has done a rollercoaster since from £2.11 down as low as 12p and now around 40p. Currently loss-making, break-even is predicted for the end of 2019. There is much to play for. E-retailing in India is booming - a $15bn market is due to grow to $60bn by 2020. The country's demographics do, indeed, appear enticing. The middle class is due to double in size to 325 million by 2020.

Many of these new bourgeois live in the cities and metropolitan areas, which are growing at a considerable pace - Delhi has 13 million souls, Greater Mumbai 17 million. Indeed 35% of urban households are middle class. Most importantly of all, 43% of India's population is aged between 15-39, Koovs' target market.