Koovs Share Discussion Threads

[joosepi] 19/6/2018 17:30

MAIL TODAY BUSINESS PAGE.

SHARES in the online clothing retailer dubbed the Asos of India jumped 62pc after it signed a deal with the owner of the Hindustan Times newspaper.

Koovs will pay for £24m of advertising and marketing from HT Media over two years.

The fashion group will pay for the services in four instalments made up of £16.8m of shares and £7.2m in cash.

Analysts said Koovs was a great opportunity for investors wanting exposure to Indian shoppers.

Jason Streets, analyst at research and consultancy business Hardman & Co, said: ‘Koovs will be an exciting way to play the last big world retail market to move online.


‘The prize, if it gets it right, is a billion-pound company and more. It is likely to be a bumpy, exciting ride, but investors have the reassurance of a highly experienced management team in charge and the backing of a major Indian digital media player.’

Koovs has also secured a £1.5m loan from its director Lord Alli as the group raises up to £50m to grow the business.

The trendy fashion retailer saw shares plunge in March when more than half of its value was wiped out after it revealed plans to ask investors for cash.

The company is worth almost £28m and is listed on the FTSEAIM index.

[forethought] 19/6/2018 16:39

I think today has been KOOV's highest volume day ever.

[harebridge] 19/6/2018 16:32

Effortless Cool - 28 Apr 2016 - 09:45 - 2091 of 3005 - I have updated my forecasts for BOO and feel that the valuation is very stretched at the current price. Accordingly, I have sold all my shares this morning.I'm going to keep tracking them, as I like the company and the business model but, based on current information, I would only be a buyer below 40p.My valuation is 41.4p, based on an adjusted PE ratio of 25.imranawan - 28 Apr 2016 - 10:10 - 2093 of 3005 Effortless Cool - would you be willing to share your forecasts? I sold out on Monday just before the results as I thought the valuation is up with events and couldn't see what the catalyst for the share price to move up would be.

[harebridge] 19/6/2018 16:31

I am somewhat amazed that you still post after your Boohoo blunder, selling at 40p

[harebridge] 19/6/2018 16:30

Lol decided to pop up 400% later!What a collection of clowns we have here!

[effortless cool] 19/6/2018 16:24

harebridge 19 Jun '18 - 11:02 - 1500 of 1523 0   1  1

Remember when you laughed when I loaded up at 5p?

Who is laughing now?


Don't worry, harebridge, we're all still laughing at you. A brief burst of investment success does not make you any less ridiculous than you were before.

Keep up the good work.

[harebridge] 19/6/2018 14:14

Anybody remember when under Lord Waheed Alli, ASOS went down to 4p. Nobody gave it a chance. Now nearly 7000pIt is no surprise that media mogul Alli is one of Britain's richest men.Did anybody really think that he would let this go under?

[tidy 2] 19/6/2018 13:58

In progress.

[shirley83] 19/6/2018 13:24

It's on the move.. Great afternoon session about to begin

[harebridge] 19/6/2018 12:47

Why not? Koovs already sells on Amazon owned Souq.com the biggest e commerce platform in the Middle East.Walmart just took out Amazons biggest rival in India, Flipkart.They are all on the lookout for private labels which have high margins.

[tidy 2] 19/6/2018 12:44

Amazon interest in here ???

[harebridge] 19/6/2018 12:40

Will be interesting to see who the participants in the 6 million pound initial fundraise will be.There will be heavy Director involvement with Lord Alli leading the charge.Perhaps money from a big player like Amazon or one of the Kamanis from Boohoo.I see that Neil Catto CFO from Boohoo sold a large chunk of his holding. He is more than welcome to come on board!

[urigem] 19/6/2018 12:38

Keep trying

[amrishbhim] 19/6/2018 12:31

BUY AVO, read the RNS , don't block me PLEASE thanks

[the don of dons] 19/6/2018 12:16

hotaimstocks buying his 1 share to cover his short

[the don of dons] 19/6/2018 12:14

gotta luv these muppets who declare after the price has drifted lower that they sold higher up.

just hilarious. clowns - the lot of em

[harebridge] 19/6/2018 12:08

Lord Alli probably found the 6 million down the back of his sofa!Ok own up, who just bought 1 share?

[urigem] 19/6/2018 12:05

This was priced for massive dilution, Koovs have played a blinder here, AIM mug punter getting torn now, see a spike down with strong recovery.

[hvs] 19/6/2018 12:05

Mary Mary quite contrary Mary Turner, Chief Executive of Koovs, said:

"We are delighted to have agreed this deal with HT Media, one of India's most influential media companies. It will mark the successful completion of the first round of funding for our strategic acceleration plan, providing us with an important platform to support our future growth.

"As India's best-established affordable fashion brand, we are resolutely focused on scaling the business to leverage our competitive advantages Mary Turner, Chief Executive of Koovs, said:

in what is the world's fastest growing economy. Which is MOST CORRUPT and MOST undemocratic where the process of law does not work or is not even present. Perhaps this is reflected in our share price performance to date.