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All set for a good rise tomorrow am
Scully ..lol ...foot chart looks like a nightmare. ..good luck with it and if you can get something into koovs. The trouble is there is that many stocks that it is easy to put the money elsewhere. ..at least you have safer investment along with high risk stuff. .. keep it going mate.
The problem with Paul Scott is that he tries to value growth stocks using 'old skool metrics'. You just cannot do this, otherwise nobody will have ever invested early in the likes of Amazon, Apple, Facebook, ASOS, Uber, Tesla, Twitter etc etc. He lost over £35 million on paper selling out of ASOS too soon & that ghost has haunted him ever since. The ironic thing is he is massively invested now in Sosander, with a market cap exceeding Koovs, but with revenues of £1 million, tiny social media presence & a limited audience of middle aged women.
I'd rather have my money invested in the fastest growing major economy on Earth (8%), with a massively fast growing tech & fashion savvy shopper in a population of 1.3 Billion (average age 29), where the likes of Warren Buffet & all the above are clamouring to get a piece of the action.
Predators I had a test buy quite today for 10.50p or so this morning but didn't take it. Instead, I bought FOOT again for the dead cat bounce but it's down 7% lol. I want into KOOV but at 10.50p lol. If I can make a quick grand tomorrow on FOOT and the stars align here at 10.50p again I'm in for a next ASOS punt!
Predator, good evening. I agree, there's plenty of rubbish out there. The ugliest ones imo are those with many billions of shares in issue and strong likelihood of further placings and shareholder dilution. Shares like that are unlikely to ever get much above a penny or so, even a fraction of a penny in most cases. Koovs still has a relatively small number of shares in issue, far less than boohoo so that's a plus point in my book. And India is a huge emerging market so Koovs opportunity is huge - another big tick. And not forgetting the fact Lord Alli is a very wealthy and successful businessman who was behind the phenomenon that is ASOS - another very big tick. So in koovs we have a company with a tiny mcap and a huge potential market in India that's run by the man who made a huge success of asos, who just happens to also be worth multi millions and has himself invested heavily in koovs. And shares in issue is still relatively small. It's hard to find the true genuine gems on AIM but koovs does appear to tick a lot of the boxes regarding exciting shares with huge potential and current tiny mcaps.
That's two Bollywood superstars promoting Koovs in a few days. Kriti Kharbanda & Huma Quereshi.
Bollywood stars are worshipped like gods/ idols in India. The influence that they have over the public is astounding.
Bollywood is a religion!
Scully .. good to see you over here. ..yes the most vocal on here has done a runner. ..how charming he is ..lol. ..so invester king filtered you . He don't want to hear the truth. ... might be worth a punt on koovs if you are not already in.
Check out this Bollywood superstar strutting around in Koovs gear.
2.3 million followers on Instagram & 10 million followers on Facebook.
Koovs going in heavy on the promotion/ advertising & social media influence.
https://www.facebook.com/KritiOfficial
https://www.instagram.com/kriti.kharbanda/
https://www.instagram.com/p/BnLLCzoBUN6/?taken-by=koovsfashion
you can see how this kind of advertising works 19k likes in 11 hours on the facebook post and lots of lovely pictures a personal connections in the newspaper article (advert)
Squid .. interesting post. .I remember Paul Scott from motley Fool and he had bought indigo vision. I think his shares were worth a few million but he didn't sell and they collapsed. ...so he lost potentially up to 38 million on ASOS. .whoops. ..he is pretty good though at spotting opportunity . .....the problem is for every ASOS there is loads of rubbish that never get anywhere apart from losing shareholders money. ...
04-Sep-18 17:07:52 11.90p 3,268,984
Guys, found this article printed today in Mint (HT OWNED) on press reader
https://www.pressreader.com/india/mint-st/20180904/281724090430511
HUMA QAURESHI is an actress with 5 million followers, and they have launched a facebook campaign with her today also. Text below from article
East meets West in the latest KOOVS collection
Mint ST4 Sep 2018
The core inspiration around the Journey East collection is its versatility and timeless shapes that are geared to suit every woman for every occasion
Actress Huma Qureshi has teamed up with KOOVS for their latest Journey East collection. Renowned for her feminine and fashionforward personal style, this collaboration is the perfect fit. “I love all the looks in this collection,” she says adding that she thinks the collection is vibrant and easy to wear. “It’s a very modern take on traditional wear. It’s perfect for the weather in India especially for the summer. You could wear a lot of it with jeans or leggings or wear it with a salwar and dupatta to make it more traditional,” she explains. So, if you’re always searching for that balance of traditional and Western fashion, look no further!
Since she made her debut in Gangs Of Wasseypur, Qureshi has starred in films like Badlapur and D-day, however, aside from acting she has a keen interest in fashion as well. “I think dressing up helps in making you feel more confident about yourself,” she says confiding that body confidence is so important, and that no matter what your body type is you should feel comfortable and own it. “My personal style is very boho chic and I like to wear comfortable clothing as I travel a lot, so it needs to be breathable and loose,” Qureshi shares adding that you have to be confident about your body. “I have friends who are extremely thin and they get body shamed even for that. You could have the perfect body and still keep tugging at your clothes, and that’s not cool or sexy at all.”
Qureshi values fashion that works for you. “I try not to stick to any fashion trends. Just because something is on-trend doesn’t mean it’s right for you,” she advises. “There are just some things that could never be right for you. I would never wear a peplum top or even velvet for that matter, because it doesn’t do anything for my figure. I’m sure it looks great on other people but I’ve experimented with all those things and I know they don’t work for me. For me, it’s all about finding who you are, what your personality is and what really works for you,” she says. Qureshi had great fun shooting for this collection because as she explains, “it’s so close to my heart and resonates how I really am from the inside.”
The core inspiration around the Journey East collection is its versatility and timeless shapes that are geared to suit every woman for every occasion. Featuring contemporary takes on traditional prints, loose fits and a crafted edge, these clothes are a must for women this season. So, get with it and discover your insp
Paul Scott, Saturday 21st October 2017, shareprofits :
"PS I owned 500,000 ASOS shares early on but sold them for an 80% profit... at 9p LOL!!!! Oh well, win some, lose some!"
500,000 shares @ 9p = £45,000
By 10th January 2014, ASOS hit £70.00 a share...
500,000 shares @ £70.00 = £35 million!
By 16th March 2018, ASOS hit £76.30 a share...
500,000 shares @ £76.30 = £38.15 million!
So it appears Paul Scott called ASOS spectacularly wrong back in the early stages of the company when the share price was still crawling along in the pennies and the company was still relatively small and vulnerable. No doubt the bears were out in force back then spreading their doom and gloom and advising people to short it, saying the rise to 9p wasn't sustainable and that the share was primed for a sharp negative correction! Maybe Paul Scott himself was saying these things back then? Presumably he must have been similarly bearish about ASOS back then as he is about KOOVS today - or he never would have sold out for 9p!
It appears then that Paul Scott was totally wrong about ASOS back when the company was in the early stages. He totally misjudged just how massive ASOS would become. He totally misjudged the size and scale of the opportunity that lay ahead of ASOS.
With regards to KOOVS, maybe he's right to be bearish, who knows. But then again, if he called ASOS spectacularly wrong back in the day and failed to spot the huge future potential there.. then maybe he's making the same mistake with Koovs and not seeing the true size, scale and potential here either?
It just goes to show, nobody calls it right all the time. Even the most respected financial bloggers and journalists out there can get it spectacularly wrong from time to time!
Thanks for the research gimmesunshine. What are those stats exactly for? Is it for the number of new app downloads in a period or usage etc?
Things are looking interesting from here on I feel :)
Gimme sunshine ....yes good research from you. That's how real research should be done with real facts and figures.
Thanks Gimmesunshine this is valuable information and much appreciated you sharing us with your findings.
Iphone App updates ---- Up to 15 in india shopping up 2 places. (One in-front of our co owners Future pay) and Jabong is in 9th. The highest we scored in late Aug was 12th and highest in july was 36th
He didn't even mention the deal makr that is Future Group headed by Kishore & Rakesh Biyani.
To be fair to Paul Scott, he is an accountant & only looks at numbers. Gets more right than wrong & knows what he is talking about.
Fair enough.. but this was already known and 6-12 months ago now - agree in principle though - but that why this dropped to 5p - need to look forward at the numbers and growth now the shackles are off, FLF onboard and infrastructure and reach are growing rapidly. need a BOD shake up
Paul Scott @Paulypilot analysis
Koovs (LON:KOOV) - another year, another set of diabolical figures from this eCommerce fashion business, operating in India. It's been listed since Mar 2014, so there should have been some decent growth by now.
The figures announced today are for y/e 31 Mar 2018 - very late, mainly because the company has struggled once again to raise enough cash to keep going. A deal has been done to get advertising in India in return for a series of new share issues, which look like being highly dilutive.
Every year Koovs reports terrifically positive sounding narrative, prefacing diabolical actual numbers. This year's the same format. The way the numbers are reported is a bit complicated, because Koovs plc has to act as a wholesaler to Koovs.com, in order to circumvent Indian laws on foreign ownership - see the footnote to the table below, taken from today's results;
It's really not worth spending much time on this table, because however you look at it, the company's revenues are going down (lack of funding for marketing), and it generated a massive loss of £15.3m - considerably larger than website net sales of £9.6m.
Losses for early stage growth companies are acceptable if;
(a) Revenues are rising at triple-digit percentages year-on-year, and
(b) There is a strong gross margin (ideally 50%-ish) delivering great operational gearing.
Neither is the case with Koovs - revenues are actually now falling, a lot, at -25% in local currency for the year. And its gross margin of only 14% is just pathetic, although an improvement on the prior year's laughable 4% gross margin.
My opinion - as you can see from the figures, it's going nowhere fast, and burning through cash at an unsustainable rate.
The latest cobbled-together fundraising gives it a mixture of some cash, and free advertising in return for issuing lots of new shares. This means that, even if the growth does resume, existing shareholders are going to see dilution.
People like to punt on stories, rather than analysing the numbers. So the (now very tired) story that Koovs could become the Asos of India, is all very well - but the numbers say that it's a million miles away from
Of course, if sales & gross margins do start to shoot up, and costs drastically reduce, then this could yet become a successful business. I'm keeping an eye on it, because if the business does reach an inflection point where performance gathers momentum, then that would be the time to dive in and buy some shares.
Currently we're nowhere near such an inflection point, hence why, for me, the only logical stance is to consider Koovs uninvestable. If the facts change favourably in future, then I'll alter my stance on it. There are no emotions involved, it's just a question of crunching the numbers and forming a logical view based on those facts.
Great bounce of the bottom and totally different to the little bounce from 13p to 14p a bit back. Auction at end of 11.9 mid price I think bodes well for tomorrow. .... it's a different bounce this time and interesting day tomorrow.
Not forgetting the £70 million Koovs have invested in the product, brand & technology over the last 4 years. With FLFL/ funding & the HT Media deal combined, KOOVS HAVE £45 MILLION working capital for the coming years!!
That bear trap caught loads out. A few day traders also pulled out this afternoon with their beer money profits.
Judging by many of the trades today including the 3 million trade, many new investors on board. A recent fundraise at 15p, Directors buying at 15p, fully funded, margins improving, losses reduced, Brand awareness improved from 15% to 21%, social media followers up to 2.4 million.
Best bit was pointed out on here by Spencer1983- HT Media will additionally invest IF REQUIRED BY THE COMPANY.
KOOVS SOUND VERY CONFIDENT WITH THAT STAEMENT