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Honestly Joe, you are so naive.......
Whats "kooks" ?
The Kooks are an English indie rock band formed in 2004 in Brighton
What seriously? You could find no evidence of short selling on a website that doesn't list koovs on its website?! Im stumped by that tbh....
As for fixating on ruffer who hold 5.5 million shares, thats just pointless as them selling will have the same outcome as if i sold up.... Nothing
Concentrate on whos bought 60 million shares and is weeks away from buying another 60 million shares.....
Jambon,
I said I can find no evidence of short selling. Which means you are now so blind you can't even read a sensible post. I did not say there is NO short selling of kooks merely that I can find no evidence.
And don't dare try and patronise me with this 'another poster' bull - stop picking holes and find out something useful.
Matt
Careful matt you are beginning to sound like another poster.....
Koovs is not listed on shorttracker.co.uk, therefore trying to find out the short position on koovs via shorttracker is impossible... And to suggest there is no short positions open based on this is wrong.
Apologies, you can see ruffer have reduced and some other funds have sold out - unfortunately I can’t see how long ago and at what price. Still worth a peek at this site tho.
GLAH
Just had a meeting in Leeds so have a few minutes to type:
1) I have had a look on www.shorttracker and can find no evidence of short selling of koovs - didn’t expect to but I had a look.
2) Please take a look at www.morningstar.com - type in koovs as the equity (obvs) and then click on ownership. It lets you know which funds are currently invested in koovs and whether or not they are increasing or decreasing their holdings. Ruffer are listed with a few different pots and you can clearly see a couple of their funds have fully exited koovs. Details are up to end of January so it may we’ll be updated tomorrow where we will all be able to see (hopefully) their current position. If they are fully out, selling pressure should be gone and some gentle buying may well have this moving northwards.
Just my thoughts and love to all,
Matt
Well said Matt, I believe the majority of us come here for useful discussion and sharing of facts, research and opinions. The nastiness and personal attacks make me think posters here are all a bunch of teenage girls; none of us actually care if you 'win points' over other posters on this board. We are here because we're invested in a company, not your drama.
we all need just sit tight for r n s we all have cash in koov ,
Hands up, who had “7 minutes”....... :-)
Looking forward to a sensible or very very quiet bb today.....
How can us minions find out about Ruffer LLP & their interest in Koovs. There was a big volume day last week & could have been a good time for them to dump more?
Has anybody got access to the Capita register?
Pascha- I too am disappointed in the CFO Robert Pursell & his response.
He hasn't done too bad with Koovs thus far. Earns £175k a year & has 2,245,255 share options at 53.5p & a whopping 3,835,000 share options at 17.7p
The worst bit is that he hasn't bought a single share on the open market! Has ZILCH SHARES.
He has now obviously become the spokesman for the company. Anybody seen or heard from the CEO Mary Turner?
One more question Pascha.
Ruffer LLP have dumped 10 million of their 15 million shares according to the Koovs corporate site. They got this info from the Capita register. Ruffer LLP don't have to declare anything.
Is there any obligation for Koovs to update this info? Surely the figure is still not 5.55 million shares with all the selling that has been occurring of late?
Is there any way we can find out what Ruffer LLP hold if Koovs are refusing to update the information on the website.
Time to take the loss for CGT purposes I think - too much risk of war...and who is going to want to buy frocks then??
Hi Pascha,
I have to say an estimate of 10 million in the bank is pretty much what I would have gone for. From what I have seen/been privy to, I am content that FLF will take up those additional shares and Koovs will therefore have further cash (hopefully enough) to see them through to profitability. Don’t forget the logistics are all in place, it is the scale up that we are searching for and the improvement in margins that I eventually hope to see.
Your cash burn estimate again is probably around my ballpark estimate but mine is a bit of a guess really.
I believe the future is bright - it has taken a lot longer to get out of the starting blocks bit I believe news flow will improve now a member of the family is on board!
Best,
Matt
Hi Matt/Pasha,
Yes I see where you're both coming from as when I noted £50 million in the bank I didn't mean literally. Maybe a better word to use was "raised" or to be raised once FLFL do their final buy in. Acknowledge that cash burn is part of every company so see where the confusion happened as obviously all the money raised won't be sitting there looking pretty.
Cheers,
Spencer
Hi Pascha,
I agreed with what you stated Re: HT media deal in the first instance because that was factually correct. I do disagree though with your random statements regarding the rate of cash burn - and what is starting to look like a fairly unbalanced view. (Not a criticism at all - I like bearish and bullish views as long as they are backed up factually or with a caveat).
There are several variables at play here as you well know.......but most of the Koovs cash burn in its development has been due to the aforementioned cost of advertising and promoting/raising its awareness as a company.
I believe it was posted recently that awareness was at an all-time high - not too bad considering the enforced reduction in marketing spend while Koovs was looking for additional investment (subsequently found by an equity raise, HT media deal and FLF investment in one but soon to be TWO tranches (whether you believe it or not). See the Hardman Report.
The point i'm trying to make is that whilst I agree that Spencers suggestion of 50 million in the bank is miles off (sorry Spencer), the fact that the HT Media exists effectively saves the company £4.28 million a year in running costs - it is being paid for with the release of additional shares - BUT NOT YET.
Do you agree that this is the case?
I did put a very thorough analysis of the funding arrangements on here a few months ago but it may or may not have been one of those deleted.
The current facts are:
1) No one knows the current rate of cash burn
2) No one knows how much actual cash is in the bank
3) Cash injection of between 9.5/10.5 million will arrive when the additional shares that take FLF to a 29.9% stake are admitted to the market and not before then.
And I wouldn't hand over cash my until I got my shares - Would you?
PS YES WE STILL WANT SALES............. :-)
Cheers,
Matt
i got quite a big holding i think, long term , what i mean is it being payed by cash in koovs ? print shares to give them , what balance of cash will be left ?
Koovs Completes Strategic Partnership Agreement with HT Media
Further to its announcement on 18 June 2018, and as also set out in the circular posted to shareholders on 16 July 2018, Koovs plc (AIM: KOOV) is pleased to announce that it has completed its agreement for a £24.0m media deal (the "Agreement") with strategic partner HT Media Limited ("HT Media"), one of India's largest media companies and owner of the Hindustan Times. The agreement has been updated to be over a four year period rather than a two year period (as previously announced), and also in regards to the mix of shares and cash used to satisfy the deal (further detail set out below).
The Agreement will, in aggregate, provide Koovs with £24.0m of media and advertising services from HT Media. Pursuant to the Agreement, HT Media has agreed to subscribe for £17.1m (previously £16.8m) of new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), and Koovs has agreed to commission further media and advertising services from HT Media for £6.9m (previously £7.2m) in cash.
The net effect of the Agreement is that, Koovs will acquire four £6.0m tranches of media from HT Media at yearly intervals over a four-year period. £4.28m of each installment will be satisfied by the issuance of new Ordinary Shares to HT Media, with the balance of £1.72m to be acquired by Koovs in cash.
So in layman terms over 4 tranches of 4 years (1 a year), Koovs will in total issue HT Media £17.1m worth of shares and pay them £6.9m in cash. The new conditions are that Koovs aren't tied into honoring this over 4 years as for example if they feel after 3 years and 3 tranches that they don't need anymore advertising then they've saved themselves circa £4.28m worth of share dilution and £1.72m cash.
As for who's going to pay for this advertising then we only need to find in total a max of £6.9m in cash and with the private buy in at 15p (over subscribed), and FLFL's buy in including their final £10 million at 15p then that brings us a total of circa £50 million in the bank.
If any "genuine" holders think differently then please let me know, thanks.
Sold some Clipper shares the other day to put into Koovs as clipper had been languishing only to find they rose by 30p since i sold , think i need to sell some koovs instead. might get it on the move.
Yes Matt, you are right, I was a bit confused about it.
From the August rns
The Agreement will, in aggregate, provide Koovs with £24.0m of media and advertising services from HT Media. Pursuant to the Agreement, HT Media has agreed to subscribe for £17.1m (previously £16.8m) of new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), and Koovs has agreed to commission further media and advertising services from HT Media for £6.9m (previously £7.2m) in cash.
Pascha is right (accept my apologies) & Jambon has got this totally wrong it seems. Koovs will acquire a part of the advertising for £6.9 million. Not sure how they're going to pay for it. Hopefully they will streamline the company expenses.
My understanding is and always was that annually (it’s a 4 year media deal) - koovs effectively pay for 6 million worth of advertising with 1.72 million in cash and the rest in new shares.
If this is what Pascha is saying then it is factually correct as far as I can see and I have no issue. I am however very interested if others have interpreted this differently.
It is a 4 year deal so dilution doesn’t worry me neither does the cash needed.
Cheers
Where did this start..are you talking aboutthe 22nd Aug 18 rns?
with the balancing 30% (£1.8m) to be acquired by Koovs in cash