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KUMS- how many times have you been in & out of KOOVS?
You obviously like the story & can not stay away......
FWIW just a small technical trade for me here, the comment below about lower lows is fair enough but not a disaster. I think the bears are trading this assuming HT are selling their 10p shares, which they may or may not have a forward sold some (shorted) against their incoming shares.. But no guarantee the bears have it right either.
RSI oversold, stochs and MACD on the cusp of a bull signal,
Re the lower low, well I actually see a very jagged W1 and W2 formed, which would indicate W3 possible (nothing ever guaranteed) so maybe with a positive trading update (if the much improved website stats posted below are an indication of what's happening to revenue) once the dust settles on the old news and we'll see a decent recovery. Though as per the bear sentiment posted below I'm not expecting miracles overnight.
My W1-2 theory in this tweet https://twitter.com/jimbobtechstock/status/1036605445220302850
Do we sell or hold, hmmm
it will take time and investors poss wanted to see more by now so unless they have miracles this would stay flat or small rises/drops on daily trading.
News exactly as expected,
No news about future plans, but would not expect the BOD to comment now.
The share options granted let alone the boards already significant investment, indicates a real incentive to succeed, I'm happy to tuck away for a year or two.
Same strategy has worked well with GBG, 50% in the last two years.
Wait! Come back please
@ the mo.
I understand it be a hard climb but india is the place to be and i like the team
I'm averaged at 14p
Not reading anything that suggests i should be selling. This was always - for me - a 'buy and tuck away' investment.
FLF appear to be prepared to take their holding to 29.9% - just under the buyout ceiling.
KOOVS certainly have all the chess pieces in place. Let's see if their gaming strategy is up to par. The story starts here!
Not in here, sold for a small loss around the 70 mark. My feelings as then still apply, they are making an operating loss ffs and with lower sales that is never going to help in the short term, best you can hope for is that the sales start making big increases from here but until then it's not for me
Margin increase great news lets see how mkt reacts my feeling is the 9s will be hit and to me is a great buy one to hold
I think the results are pretty much as expected. There was always going to be a fall in sales and there were a few dare I say green shoots. The margin increase is a massive thing for me. I appreciate the costs (total) are still above sales but it does show that the company is learning and is becoming more efficient. In any new company investment is required particularly with regards to advertising and it was achieved albeit in squeaky bum time.
The company’s future is secure for now and for me the question is - do I see this going higher in the next 12 months? Well yes. For clarity I’m invested and won’t even try to trade it. Tempted to add on a dip tho as I believe that will then be that.
Thoughts from others please
Matt
Laying a foundation for the future.....but it will 2019 before the turn around and growth starts. I sold at a loss a few weeks ago and share price has fallen 30% recently. Big holders obviously knew what was coming and got out. Rome was not built in a day.
"Looking ahead, growth is returning the India's ecommerce market and with our funding now secured, we are resolutely focused on scaling the business to leverage our competitive advantages as India's best-established affordable fashion brand in what is the world's fastest growing major economy."
Think they'll want to get the results out of the way - the known bad news - before putting out an update about how the funding is working with revenue etc.
Leaky as hell this, as the 1-code blasting late last week and then the huge sell off yesterday.
Though I don't think the numbers warrant a sell off as they are pretty much as trailed, revenue down but cost-cutting has stemmed losses.
Auditors Going Concern section is reassuring. "With the existing funding received the Group has cash resources to support operations for a minimum of 12 months from the date of approval of financial statements, supporting the going concern assumption."
Putney .. I'm doing ok but thanks for your concern. ....on the subject of shorting I do have an ig index spread betting account along with a normal account. .....koovs is unborrowable as far as I know with ig index so I could not short it. ..I very rarely short because of the restrictions but if I could I would of shorted it as I knew it was going down. ..you have so many hang ups like jambon that I got it right time and again and you got it wrong. Be the bigger man and stop making a fool of yourself.
Here we go with the Hindsight.com analysis. It is so easy saying it stood no chance AFTER. If you were so certain, you would have made a fortune shorting this. But in reality, I doubt if you even hold any shares in any company let alone Koovs. Your very limited knowledge tells me that.
I forgot ..market cap too high also. ...aim market undervaluing and overvaluation of companies at any given time.
2placings, 50%+ retrace from the highs, shorting, profit taking, August bear market, no news from company. ..that is why the shares are 11p. ..it stood no chance .
Did we decide whether KOOV was or is or has been shorted
Joe yes I will be going to see the film also ....if prd keeps going up then 14 the September could be the high which would be a great short term result for us. ..it can't keep making 10% to 15% gains daily forever slithers is the possibility. Easily could be wrong but how ironic would it be...gl
Ahh I'm with you now. Sorry I was a bit slow on the uptake. That would be excellent though. Definitely be seeing the film aswell
Who is "The in a vest man"? It must be someone using another alias
Joe .... this is of course madness but I was thinking new predator movie is out on the 14th September and so news on prd that day or the shares posting a short term top. .. would be totally ironic and a daft assumption but a bit of fun. ..on koovs I know you will be glad for some sort of recovery so let's hope tomorrow they can come out with a good forward statements that the market likes.
Predator I meant to ask you what you meant earlier by putting Sept 14th in your diary? On the PRD board