Koovs Share Discussion Threads

[harebridge] 29/7/2016 09:37

Peel Hunt have been spot on with Boohoo.Koovs Plc Ord 1p (LON:KOOV) Receives Buy Rating From Peel Hunt AnalystsJuly 29, 2016 7:42 am Writer: Camille Ainsworth Posted In: European Broker RatingsKoovs Plc Ord 1p (LON:KOOV) had its stock rating upgraded as 'Buy' in a report released by analysts at Peel Hunt.Peel Hunt today set a target price of 100 on the company's stock. According to the analyst this now indicates there is a potential increase of 42.86% from Koovs Plc Ord 1p's current price of 70.

[ksharlandjiev] 29/7/2016 09:37

Why would they do that? Releasing old info and then a fresh one a couple of days later? What does that tell you for a small illiquid company? A lack of professionalism maybe?Or they are playing tricky games? Company that is deliberately trying to get its share price down... Thanks, but no thanks.Sorry to be bearish here... It most probably is a great deal for anyone who joined the party at 20's but a pain for any recent investor. Small, illiquid, inadequate and with huge spread >5%.Compared to BOO - this is sh@ize.

[harebridge] 29/7/2016 09:32

Totally agree Marketmaster- it's all old news.
Where is the trading update everyone was expecting?
Last year they had trading updates in July (for 3 months), September (for 26 weeks) & interims December (for 6 months).
I reckon they've pulled them to stabilise the share price.

Why else would Peel Hunt raise target price from 40p to 100p?

[market master] 29/7/2016 09:21

I'm expecting another RNS next week with the current trading update. This one is really out of date as there has been much activity since March 2016.

I wonder if they release that one on Monday??

[hazl] 29/7/2016 09:14

melody 8-)

poster's handle above....rather amusingly transparent.

imo

[melody9999] 29/7/2016 09:08

Yeah I must get around to doing that Hazl in respect of Marble.

[harebridge] 29/7/2016 09:07

The more I look at the rns, the more I wonder where the current trading update has gone. I'm sure the some book runner Peel Hunt has had a sniff at the current figures.

[hazl] 29/7/2016 08:59

I urge/encourage you to read the admission document melody.
It is a different model to most firms.
Then you can decide if you are comfortable with it.

[melody9999] 29/7/2016 08:54

Trying to get a fix on the cash situation:

Seems they raised £5,550K in the year to 31/3/16.
They started with £592K overdraft.
They ended with £1,340K.

So they burned around £3,600K in the year.

They then raised a further £26.2M by June 16.

Which begs the question as to why they need a further capital raising so quickly? It suggests that the cash burn has gone up (or will go up) tremendously since they completed the last fund raising. But if that is the case, will they ever become profitable?

Please can someone confirm my 10 minute analysis and clarify why the company needs to riase more funds so quickly? Has the company ever suggested a target date for becoming profitable?

The other thing that struck about todays report is Koov's reliance on Marble who seemingly not only provide the web site technology but also take payments. My guess is that they take a margin per sale plus a fixed fee. A big risk and cost to KOOV and something I would have thought they would want to change. Marble could be good company to invest in!

[harebridge] 29/7/2016 08:51

Very very coy about current trading. No figures for the 3 months April May & June.This is a rehash of what was already known.Look at what they announced last July.Looks like we might have to wait until the Autumn for a 6 month trading update.I'm wondering if this is the same rns that was scheduled....looks like figures have been taken out.

[ayl30] 29/7/2016 08:47

Hall - spot on agree, for me it's not just short term, it's being part of a future large business in one of the most high growth economies in the world. My buy price was 58p I cashed in one third @90p the rest is to hold.IPhone sales were up by 34% in India, that reflects the demographic and fuels future growth

[jjstim] 29/7/2016 08:45

Peel Hunt just raised their target price to 100p

[harebridge] 29/7/2016 08:35

Stupidboypike- seen it all before with AIM stocks, especially illiquid ones like this.
I started accumulating at 18p but there were days I just couldn't buy. They were willing to take my entire holding off me though! These days were inevitably followed by decent rises.

The market makers look as if they are desperate for stock- just carry on expecting silly dirty games & try & add on dips.

I've done my research & know where this is heading- good luck!

[market master] 29/7/2016 08:35

Re-bounding rapidly now... I have been buying in small 5k chunks as that was max size possible!

[hazl] 29/7/2016 08:30

The tendency is generally for shares to rise towards results and then drop back afterwards as we know.
The model of increased marketing to get competitors brushed aside,constantly needs funds and it states that in the admission document.
As forethought says this is known.
Shorters come out after a big rise,when they don't necessarily know anything about the company.

It depends as ever if you were in it for short term profit,when it was in the 90's perhaps,or if you are hoping it will be a well-known and successful name in India in the future.
There is a risk, there always is, in these shares.
Its upto the individual which direction they go.


imoy

[stupidboypike] 29/7/2016 08:30

harebridge, I couldn't buy at the bottom but I could sell - what does that tell you? Just managed a small top up at 70. In three years time everyone will be saying "why didn't I buy them" just like ASOS. IMHO best regards SBP

[kreature] 29/7/2016 08:26

still falling then? (62p)

[maloneyt] 29/7/2016 08:25

The next ASOS!!??, should have left well alone.