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So there is a minimum cash burn of 1 mil per month. I can see that in July 2018 they raised 11.1 mil. doing the maths with the support from FLFL and HT media, Koovs can survive til june end. I am sure that none of us here really dont know how much cash they have in their bank account. In the mean time I managed to get the standard response from the CFO. I can't say its reassuring as his job is to send a standard email without breaking AIMS rules.
Exactly they cash burn was 750k at that time.... Nobody knows what it is now but you have tried to suggest its double that now..... Only koovs know the current cash burn.... Lets not forget the partnership with flf will contribute to lowering cash burn......
Exactly they cash burn was 750k at that time.... Nobody knows what it is now but tried to suggest its double that now..... Only koovs known the current cash burn.... Lets not forget the partnership with flf will contribute to lowering cash burn......
Thanks for that Putney. Getting inputs from other shareholders are just information. Only an improvement in the balance sheet can guarantee an good share price. I look for long term, but wish to enter early. Hope I am not wrong in Koovs this time. If some one is interested to know the FLFL brands in Koovs website they are Converse, Indigo nation, Skullers which are displayed in less numbers. But Coverstory is the one with huge products displayed in Koovs website.
Reassuring message from Trebuchet Kid on Twitter, Black Diamond- worth having a look...….
Jambon- when Koovs were on their knees & only had £3.5 million left in the bank, they conserved cash by 'only' spending £0.75 million a month. Look at the losses each year & I'm sure you'll be able to work out. It is very high.
I will not give an exact amount, because even if I am 1p out- you will report me for lying.
I'll answer for you.... Nobody know the current monthly cash burn
Ok Black Diamond- lets count out the revenue stream for further contracts. Koovs are at least 2 years away from profitability. They have put this back year after year. H1 showed revenues of just £2 million. They have a massive issue with excessive spending, so HAVE to raise money now & in the medium term.
Putney, what is koovs monthly cash burn?
Technical contract is just a name used to get the money. I dont think that will be a mainstream or even a side business for Koovs. If Koovs does technical contracts then what is the purpose of TCS and Infosys? We need to know how much more Cash that koovs have in their bank account. I think this was already debated here. If Koovs can turn profitable by the time they burn all those cash then they really dont need the additional funding from FLFL. To know that we need to get the trade update positively by April end. Indicators shows that revenue will jump, but that will not turn it to profits due to discounted sales. Even a revenue jump and losses similar to last year will be considered as positive for the share price.
That is a great post Black Diamond BUT Koovs do need the money. Obviously, as a large shareholder, I don't want to see dilution, but we have no choice, unless of course Koovs win several other technical contracts in the short term- which is very unlikely at this late stage.
Koovs burn more then that contract worth each month.
Can you see Koovs getting one of these contracts every month?
So in a nutshell, Koovs needs this 15p per share £10 million deal to happen- they have no choice.
Let me share my thoughts. I am really not concerned about 15p funding.I would rather be happy if that doesn't happen. This will help in reducing the share dilution. I believe in Kishore Biyani rather than Koovs board members. I have been to their stores several times and purchased products in Brand factory, Big bazaar, Central around 10 years ago. The FLFL Investor presentation released in Feb clearly states the roadmap of their partnership with Koovs. If Kishore Biyani says that he will do then he will do it at any cost. He keeps up his words. I think its much beneficial for shareholders to get funds through other roots like the 1.4 Million they did for creating a similar platform for FLFL. Technicall its a cloning of all the IT systems of Koovs platform for FLFL which could be done in less than 400K. On the other side I think that they want the share price to be low for some more time. Web traffic is back to above the one years high. I myself monitoring the coverstory ranges displayed in Koovs website to know how FLFL is making use of Koovs online platform. I think in the month of jan the coverstory products were less than 200 which maxed to 560+ a week ago and now around 430 products are there for display. This clearly means that FLFL is benefiting due to this partnership. To my surprise I have seen many fashions or clothing stores going bankrupt in UK, but that is not the case in India. Due to diverse culture people purchase clothing for various occasions. Women work force has increased drastically in IT and other corporates in the last 20 years which means they will buy more modern clothes. But there are already a lot of American brands in India on top of Indian brands. So to get the consumers any new brand need to give freebies and thats what Koovs is doing now in the name of 40 to 60% discounts. Patience is needed here. I dont expect to get extraordinary returns in this counter in this year. probably we could get good returns in 2020. But we need to stay invested to get those gains. Investing is boring once you invested post due deligence.
we anticipate the balance of the additional funding of £9.5m to £10.5m to be subscribed by FLFL into the Company (as announced in September 2018) to close shortly,
Jambon- you seem to think that the 15p funding is a guarantee.
If that was the case, why is there virtually zilch buying?
What does 'subject to certain conditions mean'? Is it a get out clause for the provider of the funds FLFL.
The management here have failed to deliver on numerous occassions- they had better not let us down again, as something does not feel right.
Because the deal is subject 'to certain conditions', you have to stop misleading people into thinking that it is a guaranteed outcome.
FLFL are now calling the shots. Why has this deal dragged on for so long? We are only 5 trading days away from the March 27th deadline. Why is it taking so long?
Mine and jambon bet still on. .. current situation ..ffwd 10p ..koov 7p. ...koov had also head start of 1p. ...next 6 months should be interesting and let the battle commence. ..ffwd is currently winning. ..I don't mind winning a Rolex watch of jambon. ..lol
12p ish on the 15p placing news.... Night.
Bear- if the 15p happens before 27th, there should be a re rate.
It all depends if news is still sold into, like the last rns, where a 10% rise was sold down to 3%
If the seller (could still be RufferLLP) is done, this could go straight to 10p
Step back & read what you are writing. None of it makes sense.
I don't mind you posting- but don't post your jibber- jabber.
You are constantly disrupting the chat on here with your limited knowledge & weird statements.
The volumes were less than 2 million- don't mislead.
In your world, 2 plus 2 equals 5.
So lets say 27/3 sp 7.5p and then on 28/3 share purchase at 15p monies injected ..
What are people expecting sp to do?
Rise 100% to 15p?
From putney - The daily volume was less then 2 million, with a paltry 3% rise- so nobody knew anything!!!!
But the man that sold 6 grands worth today does?!?? Lol!! You look sillier with every post and to top it off you look like the school yard bully trying to tell me not to post.... Keyboard warrior....
Oh by the way the volume was a lot more than 2 million.... There was one buy alone of 750k shares.
The daily volume was less then 2 million, with a paltry 3% rise- so nobody knew anything!!!!
"Nobody here cares if anyone else makes money or not!! Although i do know there will be some bitter faces at the thought of me making a killing when this gets to a truer value...."
Just read what you have written. It is a massive contradiction- proper comedy gold- just like everything you write. You ruin the chat every time you appear.
You seem to be missing the point putney.... Its not the percentage of the rise.... Its the amount of buying that went through.... Someone knew something imo!
There is no 20k bet..... The bet was something to do with a watch.... Also it was a bet put to me and not me offering....
I have got to be honest i dont think any of the koovs management are reading a single comment in this chat.
I also dont get what this working together is all about either? Nobody here cares if anyone else makes money or not!! Although i do know there will be some bitter faces at the thought of me making a killing when this gets to a truer value....
WONT BE LONG NOW.... 15P SHARES DUE TO GO LIVE VERY SOON....
What is the £20k bet all about?
Jambon- are you for real? It may have peaked at 10%, but was sold down to finish at 3% & has fallen since. So stop talking rubbish.
Why are you so disruptive? I am a large shareholder just like you. I also want the company to do well. We should be working together. Koovs management must be laughing at all us bickering shareholders.
No not 3pc....it peaked at over 10pc that day.....
Dont worry i am carving that pie now... ..
I have about 5 pieces ready to go....