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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
05/1/2018 09:06 | A quick summary Koovs H1 2016 £7.9 m Demonetisation Nov 2016 Koovs H2 2016 £10.7 m Total £18.6 m So H2 2016 despite Demonetisation saw a 35% increase (does include sales season) from previous 6 months. H1 2017 £7.9 m flat growth H2 needs to beat last years H2 GBP 10.7 m comfortably. Koovs have stated that November 2017 was 17% (GBP 1.7 m) better than the previous November. But marketing spend has dried up. Hopefully International revenues will help H2 figures. Koovs.com are now selling on the Middle Easts largest e commerce platform, Amazon owned Souq.com A capsule collection with Simply Be is being worked on & due for release very soon. | putneylad66 | |
05/1/2018 08:42 | From Koovs.com corporate site: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%.So only 31.3% of 175 million shares in free float.That's about 55 million sharesAt 13p as Share, GBP 7 million will buy all the floating shares not held by Directors, Funds & Institutions.Going private is an option. I doubt if CEO Mary Turner will go on her own free will, has about 7 million shares in options, as she doesn't take a salary.I believe the complexities of the current 'advanced' negotiations are the % of the company the new Investor will have and/ or the future of the CEO & other pointless Directors. | harebridge | |
04/1/2018 13:15 | As I said, 9 months without a trading update, even though shareholders were demanding one. She believed in her own hype. How can a listed company not provide any sort of trading update for 9 months, then produce farcical figures? I have called for her resignation. If the current & hopefully new Investors/ Funds do not push her out (which I think they will), then she needs to do the honourable thing & resign. Not only because of the current funding debacle, but the way she has mismanaged the company with its flawed business model, blaming everybody but herself. Other e commerce companies in India showed good growth during the period, because they adapted better. The main reason for me for her to go is the way she has mislead shareholders & the market. Remember, that she didn't provide a single trading update until 9 months into the financial year, hiding the fact how dismally they were performing. This is not how a listed company should behave- very dishonest- then unleashing shocking figures. | harebridge | |
04/1/2018 10:33 | It is a bit like Dragons Den!! The Dragons will want a sizeable chunk of the company. The Dragons definitely have the upper hand. As I said before, I'm hoping for an active investor to come on board, hopefully replacing CEO Mary Turner who has failed in India with her big talk & no walk. She has failed miserably in India. Koovs needs someone who is energetic, dynamic & has vision- who can provide shareholder value. | harebridge | |
04/1/2018 10:18 | Andy- you are spot on, the Investor has definitely spooked, otherwise a deal would have been done by now. The best bet now is an active investor coming on board. Someone like the Kamanis who run Boohoo & have plenty of cash. I wouldn’t be surprised to see someone coming on board & taking a large chunk of the company. | harebridge | |
04/1/2018 09:57 | Bleedin Nora James that is some hit to take. Still watching this share with interest but the financing deal is crucial to KOOV and until that is finalised I cannot see the share price recovering. Was going to buy a load at 26p So glad I didnt Good luck to you. | billthebank | |
04/1/2018 09:55 | I think people have given it a chance tbf but they've just lost faith and confidence in the company with constant multiple million pound losses, diluted share value and profit still 3 years away.I hope they turn it around as if they get it right it has the potential to be massive as all the ingredients are in place but where is the money going to come from to keep it afloat for 3 years till they make that initial profit? We've been told that discussions are in an advanced stage for months now and it's getting harder and harder to believe now. My suspicion is that the falling share price has spooked the investor and is therefore having second thoughts or wants a much bigger piece than Lord Ali is willing to give (atm anyway) | andy mack | |
04/1/2018 07:58 | Calm down folks, we shall all be loaded soon.funding is inevitably close.vgla | simliak | |
04/1/2018 07:02 | Andy, I agree that ASOS was a unique situation. The main parallel I can see is that nobody gave it a chance at first, with the share price dropping to 4p. Lord Waheed Alli then took ASOS to over GBP 20. He knows how to scale up growth in a nascent e commerce sector as the UK was then.There will be pain at first. Demonetisation & GST really screwed things up for the sector short term, causing a lack of cash (most goods are COD cash on deliver). This in turn caused excess stock for retailers who eventually sold at 95% discounts. Things are now settling down & Koovs have shown a more promising start to the second half. | harebridge | |
04/1/2018 03:20 | I don't see many parallels with the asos story. ASOS was started with a budget of 2.3m and was in profit within 3 years of being on aim with no impact from social media at all. Koovs has had numerous rounds of funding and doesn't plan to make a profit till 2021. The landscape is obviously different and the social media aspect is important but to compare Koovs to ASOS is a mistake and to hope that it has the same success is just wishful thinking atm | andy mack | |
04/1/2018 00:23 | Look at Ali’s Asos story :) | lazytrader | |
03/1/2018 22:24 | It will be interesting to see the price action once the imminent fundraising is completed. What will be even more interesting is seeing who will be involved ; )Well done to those who kept their nerve : ) | harebridge | |
03/1/2018 20:39 | Fun and exciting fashion for the porkers....great make mine an extra large pizza please with chips on the side followed by a shake with a side of chicken wings and er... | meijiman | |
03/1/2018 17:40 | Anyone used to dealing with Indian knows that it takes a different mindset to deal with any Business/Government or Judicial entity, as time has no meaning as the only concerns are their own, and all in their own time. A good example of the way things Fail to Work, even in very serious cases, can be seen in the report I post a link to below. | clocktower | |
03/1/2018 15:55 | £10m funding rns probably tomorrow | simliak |
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