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Spencer that is correct they originally spread it over 2 years then updated it to 4 years, there were no set dates on when they will take each tranch but my gut tells me that it will be within a couple of months of any significant rise, if this rockets in dec on results (i think it will) then ht media will take a tranche within 3 months..
This was one of the terms of the agreement that makes me think this will happen - Thereafter each tranche will be priced at the lower of Koovs' then 3-month average closing share price or the price of the most recent round of equity fundraising by the Company.
It's believed HT Media won't be taking their second batch of shares for another 9 months Jambon because it's every year now up to 4 years in total not every 6 months for 2 years. This was advised in an RNS we had a few months (sorry don't know which one without looking) but it was interesting as Koovs confirmed they would only be dealing with HT Media in the future if more advertisement is required. This imho is great news because Koovs may wish to only issue another 1 more batch of shares to HT Media for example, which would save share dilution.
Sorry altha its just how i predict it will go if there are no updates or news, i actually said over a week ago that we would be back in the 8s.
However i have also been stating my buys in recent weeks as i believe this price to be a bargain with big proper investors paying 15p, i have no intentions of selling any shares and will actually post my holdings in this chat
I believe koovs are trading well ahead of expectations but are keeping a lid on it for many reasons, the main one being Ht media will take another batch of shares at this low price within the next 3 months...
Jambon is accusing Putney of being a deramper and then claiming it’s going low 8’s. Something VERY disingenuous about that. 8.76p is solid support btw.
I’m not concerned about funding, bud. Just cannot comprehend why people are selling below 9p when there’s support at 8.76.
Todays price aint going to hold imo.... I think low 8s are coming if koovs stay silent.
Excellent question Matt.
Koovs have stated that up to two members from Future Group will join the board. This will be done AFTER the finalisation & issuance of new shares.
This has NOT happened yet contrary to what some may think. For whatever reason there seems to be some sort of delay, probably red tape (plenty of bureaucracy in India) by the Reserve Bank of India RBI in dotting all the dots & crossing all the t's.
Once the issuance is complete, expect to see an announcement of new board members.
I am hoping that Kishore Biyani's cousin Rakesh Biyani, head of Future Retail who has day to day control of Future Group's sprawling retail business takes a seat.
Also maybe one of Kishore Biyani's capable daughters Ashni Biyani or Avni Biyani
Matt imo they have already joined koovs whether officially or not.... The store opening will have been managed by the flf board members as thats what they specialise in.... They bod of koovs wouldnt have the contacts to get the job done
If you're a long term holder Putneylad you have nothing to worry about! Lord Ali (multimillionaire), Kishore Biyani (billionaire) and potentially indirectly Jeff Bezos (worlds richest person) all have money invested in Koovs. Yes it's a bit annoying that Koovs don't update the market but it's believed they have so much to tell it will all be known in one big and beautiful RNS and why not wait an additional month to get a feel on sales since the big HT Media advertisement push and divulge that information as well. I will be topping up again at this share price level if and when I have spare funds available.
I hear comments like - Koovs don't want to release good news until the market catches up etc. blah blah. What a load of ***p. Whatever the news is in December, good or bad, will tell its own story. If the news is bad then we know why BOD kept it quiet - if it is good why keep that quiet - something here is not right??
I don't want to see anymore fancy videos whatever - I have got the message but are koovs selling and are they raking in cash - cash is king
Do you have any thoughts or knowledge of a flf director joining the koovs board? I would like to think something like this will happen soon (possibly in the new year) - then I would like to think that updates would become a lot more predictable in their time of arrival
Thoughts? Anyone?
Matt
I remember when putney was "buying" at 19p saying "i always put my money where my mouth is" whilst ramping the shlt out of koovs....
Now hes back to bashing....
Who really holds a share where they have that much hate for main boss?!
I think hes actually deluded himself into thinking his posts affect the market!! Pump and dump merchant for sure
Exactly - so I’m happy to wait until the end of December. Then koovs will be in some share picks of 2019 (I hope).....
Patience is key with this once you are in. I note all that glitters is already alarmed..... funding is in place sir, just wait!!!
Matt
AIM is full of fickle short term traders, most of who lose their money.
Unfortunately, many are disillusioned here for various reasons. Every now & then there is a concerted pumping effort where the herd arrive. They soon sell out at a loss.
It is worrying to see that there has been relentless selling over the last few months. Every single spike has been well sold into & we are now below the price pre Amazon news pump.
I see your point graybird, Interims in December will mean that they can update for over two months for this period (1st Oct onwards).
11k bought vs 290k sold. All below 9p. Isn’t an investors share, this, is it?!
I really hope that Koovs do not do what they did last year & have learnt from their history.
They waited until Dec 19th 2017 to release their Interims, right to the wire. They then released a horrific statement where the share price collapsed & virtually halved- see the 12 month graph). We are now way below those levels now & continuing the fall.
Am i the only one who is seeing what is going on here?
The share price rarely lies.......... unlike some of the rose tinted spectacle wearing rampers on here : )
maybe koovs are on the turn, if they said now that koovs is on track that would be seen as poor r n s , but if give it 4 more weeks for koovs to say better news it would be a good r ns , maybe they dont want to show others what koovs are up to till koovs catches the market with the koovs brand etc
Under Aim rules, any company MUST report within 3 months of end of period (30th Sept). So Koovs have until Dec 30th to Report.
Today Sosander released pretty good numbers to the market & its shareholders. It didn't wait until the very last minute. Sosander also released a positive moving post period statement.
Why oh why Koovs choose to hang on until the very last minute is beyond me, especially as the share price continues to collapse. Couldn't even hold 9p.
There is absolutely no reason for them to hold on to the Interims as far as i can see (although they are not breaking any rules)
For avoidance of doubt, that was supposed to be giggling face. My post was tongue in cheek
And it’s abother morning of feckless selling. Why do I keep buying this share 😆
I'm happy that my average is way below that of Waheed and Biyani
10 million shares at 15p was Waheeds buy....
Biyanis 10 million quid at 15p is the one that does it for me....
It's my experience that a peaceful and positive LSE board has a positive effect on new investor numbers.
That's all I can say on the subject.
Chill everyone. Bad day tomorrow but the setup is good, the chaiman put in £1 million quid 6p above this price and tomorrow is another day.
Viva Koovs (to copy a UKOG bellend)
Do i really need to go and find the post where you were saying that koovs are hiding problems?! That was utter fokin bollox and you know it!!
You claim to have held koovs since 70p and have done nothing but bash koovs and mary turner?! You expect people to listen to your advise with a so say 70p buy in with a million shares!? Iv got tripple that at under 12p so my research and company knowledge has done better for than yours has for you