Koovs Share Discussion Threads

[putneylad66] 07/2/2018 09:28

This was the most important line, that many seem to ignore. Post results, overall performance has improved drastically. This is a very illiquid share, with very little in free float. Chairman Lord Waheed Alli (ex ASOS fame) is the largest shareholder. He will pull the rabbit out of the hat!
With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP1.7m and website traffic up 43%.

[putneylad66] 07/2/2018 09:28

All the following taken from Half year report- the clues are there!!
At 30 September 2017, including both short- and long-term deposits, the business had access to INR 802.9m / GBP9.16m (30 September 2016: INR 667.9m /GBP7.74m) for the purposes of funding the business. The funds are held in term deposits or current accounts, mainly in India. Additionally, GBP5.90m (INR 516.8m) of marketing funds have been prepaid to secure significantly reduced media rates, and been recorded in the Statement of Financial Position under "Trade receivables, other receivables, prepayments and other assets".
Year on year Trading Margin has been improved from 2% to 18%
With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP1.7m and website traffic up 43%

[putneylad66] 06/2/2018 10:37

To be honest, in a weak market, companies with ongoing concerns are going to be hit hard. With regards to faith in this company- I haven't any now. I have faith in what's going on in India with regards to growth & potential, but this lot have really screwed things up with regards to fundraising. They have repeatedly said that they are soon to complete funding. I don't believe them & wonder if they are breaking listing rules by not stating to the market that they can't raise any cash. They've been trying to raise cash since May 2017!! With the market cap at well below GBP 20 MILLION, they need a similar amount of cash for the next 18 months or so.

[harebridge] 05/2/2018 11:05

Judging by this report, Koovs didn't do too bad!Ecommerce growth fell 26% in 2017: Forrester ResearchHttps://m.economictimes.com/small-biz/startups/newsbuzz/ecommerce-growth-fell-26-in-2017-forrester-research/articleshow/62733708.cmsPs, nice 50,000 Buy just popped up!I wonder who the new/ existing investors are. Maybe Flipkart, Amazon or Alibaba...; )

[harebridge] 05/2/2018 10:55

Indian consumers are more comfortable paying for electronics and fashion online: Shailesh Paul, VP and Head, VisaHttps://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/indian-consumers-are-more-comfortable-paying-for-electronics-and-fashion-online-shailesh-paul-vp-and-head-visa/62788170

[harebridge] 05/2/2018 10:54

Cheap data and demonetisation have created an online shopping boom in IndiaHttps://qz.com/1196550/cheap-data-and-demonetisation-have-created-an-online-shopping-boom-in-india/

[harebridge] 05/2/2018 10:48

The new Koovs Valentine collectionHttp://www.koovs.com/fashion/valentineday