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KOOV Koovs Plc

2.90
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Koovs Plc LSE:KOOV London Ordinary Share GB00BHB22S55 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.90 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.90 GBX

Koovs (KOOV) Latest News

Real-Time news about Koovs Plc (London Stock Exchange): 0 recent articles

Koovs (KOOV) Discussions and Chat

Koovs Forums and Chat

Date Time Title Posts
26/10/202215:03Koovs plc3,053
01/2/202220:25Boom time3,895
26/11/202014:43KOOVS - The Next ASOS!!!!!!!!!!!!!!5,800
01/6/202014:25SHORT KOOVS INDIAN PUFF TO 0P6,339
21/1/202021:34KOOV will this go bust by Christmas?1,312

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Koovs (KOOV) Most Recent Trades

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Koovs (KOOV) Top Chat Posts

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Posted at 04/3/2021 16:08 by bahamarama
I fear the investigation will not alter two simple, inalienable facts.One, that shareholders will be treated, not as 'investors' who might have provided capital and funding in good faith in the fair and honest expectation of a share of any success. But as parasitic 'gamblers' who placed their chips;And, two, that Mr Alli will remain a Lord.Utter disgrace.
Posted at 11/12/2019 09:42 by kenmitch
Agree with philtobedoe about taking it on the chin, accepting that our investments both successful and disasters are our responsibility. Also take note sometimes of what the share price is telling us. If we are very confident and share price goes down steadily and with every rally sold in to, there’s a good chance we are wrong.

I had similar disaster in the 1987 crash. Decided then NOT to give up but to learn how to do it properly, and it worked, albeit with further mistakes to learn from all the way! But investing in the basis of bb posts alone will never work UNLESS following those we know have considerable knowledge and proven success. Paul Scott is one example, and there are others on Property Trusts and good quality shares on ADVFN. And Simon Thompson is superb (Investors Chronicle). BUT many Investors Chronicle tipsters are young and inexperienced so care needs to be taken there too.

Newspaper tipsters are journalists first and often with limited investment knowledge. e.g the Daily Mail City Editor has a lot of his own money trapped in Woodford’s suspended fund,, DESPITE knowledge that the fund was in trouble having been known for months!

And as for broker tips.....be very wary. Research shows that the majority get it wrong. I.e broker buys go on to do badly and broker sells do well!

So the solution is proper research including focus on all Company news and interpreting correctly and understanding balance sheets or using sites that do that for us.

And KOOVS. As anyone who checked it out properly knew, the risk of bankruptcy as it gobbled up cash was unfortunately very clear to see well in advance. It really was bargepole territory and the key now is to avoid getting sucked in to similar rubbish.

A good guide for that is here on ADVFN where the number of posts often match the quality of that share. I.e lots of rubbish as with KOOVS (hundreds a day sometimes) then avoid that share. A few QUALITY posts and that share is worth checking out.
Posted at 10/12/2019 19:25 by pascha2020
Catchingmice - take responsibility for your actions. This is a game and you are up against the smartest cats in town. Learn from it and you can make millions if you are prepared to pay the price. I paid it and make money every day and have a life that most could only dream of.

Post from Jambon in March - one of the nicer ones

Heres whats going to happen -

March - we get confirmation of Biyani buying his shares

March/April - we get news which warrants a rerate to minimum of 15p

Dec - koovs closes 2019 with a minimum share price of 30p....quite possibly higher



He was right on the last one Koov has closed and the share price had a "3" in it.
Posted at 03/12/2019 13:03 by philobeddoe
FLFL's goal is to become the number one destination for fashion in India. Are they really going to fund and nurture Koovs and help them grow into a billion dollar company sharing the exact same market as them? Why would they want that? Even as major shareholders unless they owned 100% of Koovs I see no reason why FLFL would want to see Koovs grow into a fashion giant sharing and taking their market space? Isn't it right that all FLFL had to do from the start was become a major shareholder and promise financial help - then stall for time knowing Koovs would ultimately run out of money with it's share price on the floor thus making it possible to attempt a lowball buyout at a rock bottom price? It's just an opinion and it might be completely wrong, but from the perspective of FLFL, I see no reason why they would want to fund and nurture what would essentially become a future rival occupying their market space? I guess we'll have to wait and see how things pan out.
Posted at 26/11/2019 15:54 by philobeddoe
If Lord Alli is happy and prepared to invest more cash in order to keep the company afloat (if needs be) then why doesn't the company release a short RNS statement to confirm that? It really isn't difficult is it? And the effects of releasing such a reassuring statement would be immediate - it would calm investor fears and concerns and lead to more buying and a rising share price.. so why keep the market guessing if Alli is indeed prepared to put more cash in if necessary? The share price is on the floor precisely because of the lack of reassurance that all will be okay. If Alli isn't prepared to allow this to fail then why is the company seemingly content to allow the uncertainty to continue, at least for the time being? It's almost like one or more of the major players WANT the share price to stay subdued, at least for the time being? The way I see it, the company's dwindling cash reserves and the threat the company may no longer be able to continue as a going concern if the funding issue can't be sorted is a situation that becomes increasingly precarious as time goes on, assuming no positive news is forthcoming. It's imperative, imo, that the company issues a reassuring statement that all will be okay in ANY eventuality (asap) otherwise I can't see even 2p holding over the coming weeks (in the absence of any positive news).
Posted at 22/11/2019 14:34 by hotaimstocks
harebridge - 31 Oct 2019 - 08:35:09 - 5468 of 5636 KOOVS - The Next ASOS!!!!!!!!!!!!!! - KOOV
The FLFL deal is dead & buried as far as I am concerned. They will not pay 28.36p a share when the share price is 2.7p

The HT Media funding will not happen at this price either.

The Board of Directors owe shareholders big time. They have badly let down shareholders with their shoddy performance & need to take part in an emergency fundraise/ placing or resign.

The Chairman Lord Waheed Alli has a personal wealth of £212 million (The Sunday Times Rich list)

The CFO Robert Pursell earns a basic £175k pa plus pension & healthcare benefits, but has never bought a single share!

Non Exec Directors Nina Amin, Dame Gail Rebuck & Avni Biyani all earn £50k pa

Non Exec Director Emily Sheffield for the last two years has earned £75k pa (inc a £25k consultancy fee).

The CEO Mary Turner gets £50k pa but millions in options, many of which have been realigned as the share was diluted.

They blow over a million pounds a month generating these kinds of revenues & margins. I wonder how much goes on expenses?

It's time now that they put their money where their mouth is.
Posted at 22/11/2019 14:25 by hotaimstocks
Putneylad putneylad putneylad , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero.
Posted at 22/11/2019 14:24 by hotaimstocks
Jammy boy rolex , "We all know that Koovs is doing well (last 3 qtrs of growth - Orgainci) and has investors who have bought in at a much higher share price and are still holding firm." And yet despite this alleged "fact" Koovs has warned investors that it will be insolvent without a significant injection of cash. Which means that it's *NOT* doing well. If you genuinely think that the business is doing well then I suggest that you read an accounting book. Because it's haemorrhaging cash on a monumental scale. "From what I'm have dot connected so far .....this is as cheap as chips" On what basis? PE Ratio? No that can't be it as the "E" is negative and hence the PE is reported as zero Dividend yield? No, because there isn't one Return on equity, return on capital? No, all negative There is no sensible measure that suggests that Koovs is "cheap" on any basis. And when you factor in that the company needs £12m of cash this year and another £12m next year it's plainly and obvious not even an asset - it's a liability! "This is a no brainer !!!" Absolutely, 100%! It's obvious that this is a complete and utter zero. JakNife
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Posted at 21/11/2019 18:13 by harebridge
So what have we learnt this week so far: 1. FLFL are now minted 2. FLFL didn't lie as there was a problem with RBI 3. FLFL are still committed to Koovs 4. RBI approval maybe relaxed or not even needed in the near future 5. There were 3 big buys in auction yesterday who were happy to pay over the share price (money talks?) 6. None of the main shareholders have sold a single share in the last 7 months. All of the above makes me believe that Koovs will survive and funding will arrive one way or another. Hopefully it will be FLFL 28p £, if not then a loan from Ali and if not still then a placing but surely the placing price would be greater than our current share price
Posted at 21/11/2019 10:57 by jackson83
BUSINESS
Koovs’s back and forth with shareholders stall outstanding major investment
Angela Gonzalez-Rodriguez | Monday, 18 November 2019
New York – UK-listed Indian fashion e-commerce platform Koovs PLC said Monday it remains in talks with major shareholder Future Lifestyle Fashions Ltd, owned by Future Group, for completing its outstanding 6.5 million pounds investment.

Koovs shares were down 31 percent at 2.50 pence each in London on Monday afternoon. As a reference, three years ago, the stock traded about 70 pence.

FLFL currently holds a 26 percent stake in Koovs and has already invested 250,000 pounds for 881,523 convertible preference shares at 28.36 pence each, which will convert to ordinary shares in June 2020. The capital infusion was paused after the Reserve Bank of India asked FLFL to reapply for approval before any further subscriptions are made.

"FLFL has confirmed to the company that it is in the process of reapplying for approval of the investment from the Reserve Bank of India and that it remains committed to honouring the investment," Koovs said.

Koovs also said that it is "actively considering all other financing alternatives available to it." The company currently has cash reserves of around GBP2.2 million which is sufficient for 2019.

The London-based, however, warned that it may no longer be able to trade as a going concern if it fails to secure further funding from FLFL or through alternative sources.

Koovs PLC (LON: KOOV) have seen their shares sink across Monday trading, amid talks between shareholders over a major financial investment.

Shares of Koovs sunk 29.6 percent to 2 pence apiece on Monday.
Koovs share price data is direct from the London Stock Exchange

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