Koovs Share Discussion Threads

[harebridge] 28/12/2017 10:17

Free floatAs far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 68.7%.It works both ways, very little trading can shift this dramatically.Unfortunately, many who bought in here didn't understand demonetisation or GST (Goods Service Tax). The results were NOT company specific. It is clear that e commerce in India has now moved on.I have more faith in ex ASOS Chairman & now Koovs Chairman Lord Waheed Alli than the majority of retail traders.As Alli has pointed out, funding will be completed soon. I expect the Peel Hunt revised note will be published soon after. As CEO Mary Turner points out in the following article, they waited patiently to 'pivot'. They are now at that inflection point.Https://www.google.co.uk/amp/s/www.managementtoday.co.uk/amp/meet-woman-running-indias-answer-asos/leadership-lessons/article/1437346

[welshwiz] 28/12/2017 09:56

Surprised to see Koovs this low but well worth the wait :-)

[putneylad66] 28/12/2017 08:35

Overtaking China, India is now the most dynamic market with a rapidly expanding economy and a consumption boom, says a recent report. The conditions for retailers in India are favourable and will continue to provide strong fundamentals. The GDP is forecast to grow 7.6 per cent in 2018, helping the organised retail to double in size by 2020

In terms of both size and momentum, Asia is the driving force behind global retail and the expansion of apparel, fashion, and luxury, branded food and beverage, personal care products.
Relaxed rules for foreign direct investment (FDI) in key sectors have improved the ease of doing business in India, says 2017 Global Retail Development Index report by AT Kearney.
Government efforts to boost cashless payments (witnessed in the recent nationwide demonetisation exercise) and reform indirect taxation with a nationwide goods and services tax (GST) are also expected to accelerate adoption of modern retail.
Online retail is projected to grow 30 per cent annually and reach $48 billion by 2020, driven by high promotional activity and payment solutions such as cash on delivery. Lifestyle products such as apparel and shoes are among the most popular online categories

[putneylad66] 28/12/2017 08:17

Men are very confident to buy online as they know what they want and shop directly for these products and that is the reason their visits to online shopping had increased, feels Samantha Chilton, Head of Design at KOOVS.COM.

Online shopping is now making men more trend-aware as it enables brands to showcase looks and help men to evolve their look, Chilton told IANS adding that Koovs menswear had grown consistently since its launch in 2014 to 40 per cent of their sales now.

[putneylad66] 27/12/2017 23:23

A few lies being spread about Koovs financial position. Just to clarify. As of 30th Sept 2017, GBP 5.9 million has already been PREPAID for marketing (at a reduced rate). The company ALSO HAS GBP 9.2 million cash

[barnetpeter] 27/12/2017 22:44

Placing at 10p is my guess. Too many central costs.....might be a punt at some stage

[putneylad66] 27/12/2017 21:48

The expansion of online retail is likely to accelerate next year, with the market projected to increase by as much as 60% to $28-30 billion in GMV, according to RedSeer estimates

Dec 28th 2017

Bengaluru: After nearly 18 months, Indias e-commerce market finally picked up sharply in the second half of the year.

The market showed very strong growth in the second half of the year and we expect that to continue in 2018, RedSeer chief executive Anil Kumar said. It wasnt just that sale months were (better than the year-ago period), even the non-sale months in the second half were much higher than H1. So there are enough signs that the market should see very high growth next year.

Overall, company executives and analysts expect the e-commerce market to accelerate sharply next year because of faster internet connections, improving comfort levels with internet usage, discounting and advertising by e-commerce firms and other factors. RedSeer has estimated a jump of 60% in e-commerce in 2018. The primary factor behind the bullish estimate is that the firm expects the number of new online shoppers to increase significantly after two years of near-stagnation.