Koovs Share Discussion Threads

[harebridge] 11/3/2018 15:19

Just out!Koovs to raise 23 mn pounds in next few monthsNew Delhi, Mar 11 UK-based online fashion player Koovs plc is looking to raise about 22-23 million pounds this year to accelerate its growth plans and expand presence in the Indian e-commerce market. Koovs, which sells affordable western fashion in India online, has already invested about 70 million pounds in the business. We will need up to GBP 50 million to fund our acceleration plan. This will be done in tranches. This year, we are looking at about GBP 22-23 million, which we expect to close in the new few monthsHttps://m.timesofindia.com/business/india-business/koovs-to-raise-23-mn-pounds-in-next-few-months/articleshow/63258018.cms

[harebridge] 11/3/2018 15:10

Interview video with Chairman Lord Waheed AlliWill probably need 22-23 million pound this year: KoovsDemonetisation was a huge blow to the ecommerce space, but things are looking up now. Thats the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18'S Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year.Https://www.moneycontrol.com/news/business/companies/will-probably-need-22-23-million-pound-this-year-koovs-2524889.html

[effortless cool] 11/3/2018 15:09

Definitely satire.

[effortless cool] 11/3/2018 15:00

Presumably this is intended as satire?

[harebridge] 11/3/2018 07:25

Interview video with Chairman Lord Waheed AlliWill probably need 22-23 million pound this year: KoovsDemonetisation was a huge blow to the ecommerce space, but things are looking up now. That's the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18'S Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year.Https://www.moneycontrol.com/news/business/companies/will-probably-need-22-23-million-pound-this-year-koovs-2524889.html

[jackson83] 10/3/2018 13:03

22/23 million Lord Alli could find down the back of his sofa .... Funding sorted by 1st April and back to 50p..Shareholders have nothing to worry about as KOOVS will be the ASOS of INDIA very soon .

[ckafetz] 09/3/2018 20:57

Yes £100m probably a bit of a silly comment :-)

But they should raise as much as they can for a low price and get working to make Koovs number 1

[ckafetz] 09/3/2018 19:35

What they should do is go all out, go for broke. Raise £100m by fundraising at 5p. Then go on a massive marketing campaign for 12mths. Smash the opposition and get their name out there as the first company a young 20 something Indian looks for when buying clothes.

[jackson83] 09/3/2018 18:52

harebridge - 03 Jan 2018 - 22:24:55 - 3218 of 3460
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 : )

[ckafetz] 09/3/2018 18:47

Harebridge, my doubts won't be satisfied by contacting management. I accept they are trying their best to make this company work, I don't doubt that. I also accept that India has a lot of growth going forward. However neither of these guarantee success. Not all companies will flourish. Lots will succeed, lots will fail. Koovs are not currently showing they can take advantage of what India can offer. Not saying it won't happen but whereas when i bought at 52p I bought with the view it was very much 50/50 as to whether I would double my money or bust, today my opinion is 5/95% with the 5 being the chance of success. Obviously I prefer not to lose my money and I hope it comes good but I can't see it now.

[jackson83] 09/3/2018 17:20

harebridge - 23 May 2017 - 14:34:51 - 2713 of 3459
I wonder how their Capital Markets Day went?

A bit like Dragons Den, where this shower would be laughed out of the studio.

Why should previous Institutions invest here, after already being down 30%

Waheed Alli, Mary Turner, Robert Bready & Robert Pursell have mismanaged this company & cost shareholders a lot of money.

A quick fire sale is hopefully on the cards.

Putneylad the only clear signal that the company have sent us - is that in 10 months nobody would help Koovs / fund it & now we have 2/4 months to find a huge amount before the company's funds run out ..

putneylad66 - 15 Nov 2017 - 07:20:59 - 3061 of 3459
RNS

In advanced negotiations for remainder of £10 million funding (still),Koovs confident of completion soon.

[europa79] 09/3/2018 16:45

I want this to do well but ckafetz and forethought are both spot on with their observations.