Koovs Share Discussion Threads

[jamesto2] 28/6/2018 12:32

Why put out that RNS today ? Without any update on the funding talks ? Are we even in talks re a term sheet . 13 months talks is unbelievable

[jamesto2] 28/6/2018 12:26

KOOVS never give real news in the RNS so everyone is selling & we will never see 28p this year IMHO

[jamesto2] 28/6/2018 12:24

4 X 6m in 2 years = 24 million & then they need an extra 27 million .. Total 51 million .. If they fail it's going bust!!

[jamesto2] 28/6/2018 12:21

Putneylad aka Harebridge on LSE is saying this should rise of funding news ? We are only getting 6m and that's if they can even sort that before August!!! Then 6m has got to be found each 6 months for 2 years !! That's still leaves 27 million that must be obtained if Koovs keep to the expansion plan ??? 50 million . Dilution on its way & some are expecting a 12p share price after the 6m

[hotaimstocks] 28/6/2018 12:04

200p plus down the near zero / 5p

[hotaimstocks] 28/6/2018 12:02

When Mary Turner steps down or is forced out this should rise . She talks waffles & nothing she can back up . CEO needs to go ASAP

[hotaimstocks] 28/6/2018 11:51

Looks like heading down below 18p by 4.30am

[jamesto2] 28/6/2018 11:41

Let's not forget it's spiked from 5p not long ago

[jamesto2] 28/6/2018 11:37

It's now dropped to 19p on the Bid

[jamesto2] 28/6/2018 11:35

I am looking to see where it ends up at the end of day and last few minutes of trading which is likely to dictate where it's going over the next week. ... it's holding this rise that counts. ...IMHO

[talk2dubya] 28/6/2018 11:31

Funny Jackson, could have swore I saw an RNS about a significant chunk of the 50m required before sorted recently...

[jackson83] 28/6/2018 11:28

Notice a lack of buying today hmmmmm ? That tells you that funding has again failed to get done anything soon ? Why delay now

[jackson83] 28/6/2018 11:22

Hmmmmmm strange how the funding never gets done & Koovs open a new funding round .

[jackson83] 28/6/2018 11:20

Koovs seeking permission to issue up to £18.9m in convertible loan notes

Wed, 15th Nov 2017 15:47

(ShareCast News) - India-focussed fashion
e-commerce business Koovs issued a short update to the market on Wednesday morning, announcing today that it will be seeking a renewal of permission for the issue of up to £18.9m of convertible loan notes.

The AIM-traded firm said that, in addition to the £8.9m which was previously received, it remained in "advanced negotiations" to secure a term sheet from an investor committing to invest via the issue of convertible loan notes.

"The company remains confident of delivering this further tranche of convertible loan notes and expects to announce the successful conclusion of this additional funding in due course," the board said in its brief statement.

[talk2dubya] 28/6/2018 11:20

Better close those shorts boys...

[jackson83] 28/6/2018 11:19

Koovs knows no specific reason for share price jump

Wed, 18th Apr 2018 15:08

(ShareCast News) - AIM-listed online fashion retailer Koovs said on Wednesday that it is not aware of any specific reason for the jump in its share
price.

The company said it expects to announce shortly that it has secured interim funding via a loan of £1.5m from Lord Waheed Alli, a director of the company. This will provide the group with cash resources until the end of August.

In addition, the board actively continues the previously announced dialogue with potential new investors in respect of the £50m funding requirement and will update the market in due course.

Last month, Koovs updated the market on its strategic acceleration plan, saying it would need up to £50m of further investment to carry this out and that in the immediate term, it would continue to focus on cash preservation.

It also said that it had cash balances of £3.5m, with future monthly outgoings expected to be £0.75m a month.

Chairman Waheed Alli said at the time: "With over £70m invested in Koovs to date and with a series of business building successes achieved there is a clear opportunity to capitalise on the platform that we have built to unlock superior shareholder value over the coming years."

At 1540 BST, the shares were up 6.4% to 9.20p, having hit a high of 14.45p earlier.

[jackson83] 28/6/2018 11:16

HAREBRIDGE has said funding will be at X amount ? Nothing has been confirmed or at what price ? 50 m at 5/10p on its way and dilution into oblivion for us yet again . No one believes a word of the funding paid for article HARDMAN&CO. It's been 12 months and NO funding has been found

[jackson83] 28/6/2018 11:09

Expect to see the large SELLS later in the day or delayed . 13p soon chaps

[jamesto2] 28/6/2018 11:06

As promised lol the sell off and anyone left in will see 10p in 2/3 weeks

[jamesto2] 28/6/2018 11:04

Anyone buying now will be lucky if they see 50p in 12 months

[jamesto2] 28/6/2018 11:02

Customers loves Koovs as they virtually give the stuff away RNS lol

[jamesto2] 28/6/2018 10:57

Will be get the sob RNS saying Koovs has made another huge loss due to lack of marketing caused by the funding delays . Friday 10am ? Hmmmmmm .. Harebri