Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Does “temporary” suspension mean it’s not over yet?
Will the RNS come out then?
Koovs always surprises me with unexpected RNS at unexpected times. Putneylad I hope you didn't force them to release this RNS
Maybe he ramped his position out and sold on, the MM's wanted all your shares after all
I have picked already....and those who are in can’t get out........botty squeak time
90% chance it will fold 10% it won’t take your pick !!!
Should get another RNS from company explaining reason for suspension..gla
Well Putney
What do you have to say now. Wouldn’t listen would you, knows it all and won’t be told same applies to jambon and chinner
Judging by volume and price action over last week or so, I guessing it's bad news.
I hope I'm wrong
I agree....boohoo owners releasing shares...???
IMO good news coming
What's this likely to mean? The bid on HL has dropped to 2.4p...despite still showing a +% increase
I'm with you Matt!
Yes, E commerce is massively taking off in India, especially fashion, all on the backdrop of a slowing economy.
With regards to Koovs, I'm sure that there is a lot of legal wrangling going on in the background after FLFL have clearly reneged on their deal.
Koovs have clearly told them to sort the funding out one way or another. It has been two months & still not a word from FLFL!
It is now time for Alli to enact Plan B.
As FLFL have not completed the second tranche, Koovs must now buy back 21,391563 shares back at a nominal amount to give FLFL a buy price of 15p.
Koovs must now get a large placing underway with heavy Director involvement.
Non Exec Director Nina Amin MUST step in as new CFO. At least she owns 1 million shares & has commitment to the company.
Alli & Biyani need each other & must just get on with it, leaving Avni Biyani on the Board even tough FLFL d
have not fulfilled their part of the deal.
Every long term shareholder has seen how FLFL have stitched up Koovs here.
It's time for Alli to show that he is in charge again
Just out!
No serial ramping (for which I am grateful) - its looking like the holders are prepared to take a chance and hang on to see if/when the funding arrives. (I hold my hands up as one of them). As the more diligent researchers among us have posted, ecommerce is taking off in India and this can only help our cause. On the back of a few decent trading updates - based on gross order value, I believe that the much mooted inflection point is on us and whilst additional funding is clearly needed (and fast) - with the right investment this company may well have a bright future.
See what father christmas brings.......
Matt
With e commerce booming in India, surely Koovs will have excellent Q3 figures thus far & have no problem raising funds!
Just out in India, e commerce sales during the festive period were massively up, especially in fashion, up by 51%
https://www.consultancy.in/news/2675/online-sales-boomed-during-indias-2019-festive-season
As the festive season in India draws to a close, analysis from RedSeer Consulting has positioned this year’s festive sale period as the biggest one ever in terms of online retail. The firm reports that total sales for the period amounted to more than Rs. 19,000 crore for the eight key dates of the season.
RedSeer’s analysis comes at a time when overall sales in the retail sector appear to have slowed in growth. Nevertheless, consistent with trends across the globe, the burden of slowing retail has fallen primarily on the brick and mortar retail sector, while online commerce has been booming.
In India, the market for online commerce represents a bigger opportunity than most economies in the globe, given the substantial customer base that is increasingly wired in. The Boston Consulting Group has estimated that India will have as many as 850 million online users by 2025.
A Bain & Company report from earlier this year predicted that India’s consumer market could reach a value of $6 trillion by 2030
The fashion retail sector, meanwhile, has spiked considerably. Sales in fashion grew by 51% this year, while the long-tail segment performed even better with growth of 76%. According to RedSeer Consulting, growth in these segments can be attributed to a combination of product diversification and an overall increase in consumer base.
Growth in the fashion segment has also been driven by the tier 2 cities to some extent, where an increasingly prosperous user base is looking to spend on apparel/ Women’s fashion is growing at a higher rate than men’s in these regions.
Yes mike 12 to 15p will be a good start in the very short term. Im sure those who are out when the news arrives..trading a few % will be gutted when theyre scrambling to get back in and having to pay much higher.
Personally Im not brave enough to risk being out now. Im not sure what plan B is but it must involve an injection of cash from somewhere. Waheed Alli will not let this fail, just when its starting to come good.
News should come anytime now.
GLA
Enough is Enough
Koovs have given FLFL/ Biyani all year to fulfil his part of the deal that they have reneged upon.
Koovs have given them the last two months to find alternative mechnisms and/ or to reapply, which they haven't.
Lord Waheed Alli has been royally mugged off by the Indians & must now, once again become the major shareholder in Koovs.
He must lead from the front with a heavy placing conducted by Canaccord Genuity, with Board members participating. If they do not want to (because they're not really into equities as the CFO Robert Pursell has stated), jog them on!
In fact, the arrogant & useless CFO Robert Pursell must go with immediate effect.
The CEO Mary Turner needs extra support over in India. Maybe that is why they took on the Chief Creative Officer Christian Westphal??
Leaving it this late is a total disgrace. The Nomad Strand Hanson should know better. It's CEO Simon Raggett is fully aware of what is going on.
oilman, even before the RBI ruling came out, FLFL were reluctant to go ahead with the funding, having missed the March 27th deadline.
The RBI ruling was to prevent any 'round tripping' or illegal activities. All they did was ask FLFL to reapply two months ago.
As far as we are aware, FLFL have not bothered.
So even if the rules were eased, why would FLFL pay up, when they didn't want to pay up before?
It's a shame that there isn't more honesty & transparency on both sides.
HAVE A BLOODY GOOD CHRISTMAS"""
so what will the boohoo directors do with all the cash they have?
I know, excuse my auto-correct. I tried to edit after posting but it's not possible!
As soon as the RBI give the go ahead the £6m of funding will be coming but at Putney has pointed out the price equivalent cannot be reduced to the current market price as this would push FLFL over 30% and trigger a bid. Perhaps this is what the RBI are concerned about. Once they have been reassured that the funding will be done at the same level as previously and will therefore not exceed 30% they there will be no objection from RBI, the sp will rise to around 15p and Koovs will be on it's way again. I also suspect that the upcoming trading update will be good and therefore support a recovery in the sp to more reasonable levels. i.e 12p to 15p.
hmmm? .... back to wear it was 2.5p-3p range before the smallcapprick /Stock Tracker / TOP AIM STOCK (on twitter) and his alise decided to P&D
----------------where.....aliases