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Hi Putneylad,
I just created a new Twitter account. Just want to be anonymous. Thats me in twitter.
£250K placing at 28p was the real lock here. I think that was the lock placed by FLFL. Koovs could have given options and explanations for that £250K placing to FLFL as well.
For FLFL to take over Koovs at 28p for the remaining 75% it only takes £80 Million. But I really dont know if thats the plan of Kishore Biyani and even if it is their plan according to the RBI it is not allowed at ATM. I am sure for Amazon it is peanuts. It won' be tough for american companies like Amazon or Blackstone to invest in Koovs which is a UK company. We need to wait and watch rather than dreaming for takeover ATM. I am not sure if Waheed ALi will giveup at this point of time when everything has improved. For everyone including Waheed Ali it is easier to sort out the funding at this time when Koovs numbers are far more better. This company is improving in all numbers ATM except that its still running in loss which could take some time to break even. Once it breaks even it could be a replica of ASOS and Boohoo. If we noticed ASOS and Boohoo, both lost nearly 80 to 90% of its value after listing but managed to recover and then moved above its listing price. I think Koovs is exactly at that moment of its low. Waheed knows very well that this company needs some funding to keep it live for atleast another 2 years when it could turn profitable.
When I was an early investor in Boohoo, I also thought that Boohoo would just be a female brand, but the BoohooMan has really taken off.
As an investor in both Boohoo & Koovs, I was intrigued to compare the quality of the merchandise. The Boohoo gear was just like stuff from the local market, some of it made in Turkey.
I managed to get a shipment of clothes from Gurgaon. There was no comparison. Each item was well packaged & the quality was excellent & true to what I had seen on the website.
Can you contact me on Twitter, I'll send you a couple of bits
https://twitter.com/Trebuchet_Kid/status/1203223224831676416
I noticed that Koovs Women Active currently listing 99 products against 75+ from yesterday. And 3-4 months ago there were 40+ products in this category.
This is one section that is growing gradually.
https://www.koovs.com/women/brand/k-active/
I somehow see Koovs as a female brand. The brands doesn't sound manly. They may have to come up with another brand name for mens. definitely not Koovs men. Looks at the mens brand names from FLFL - Indigo nation, Converse, Scullers.
None of the mens would like to tell that they wear a brand called Koovs. But they feel proud to say Lee Cooper, Levis, Allen Solly and much more to say. Just my opinion.
You are right putneylad!
The Koovs womens product range has touched 2400 and Koovs men has 1627 products at the moment.
2-3 days ago the numbers were below
Koovs women – 1700
Koovs men – 1000
2 weeks ago (On 25th Nov 2019) below was the numbers
Koovs women – 2043
Koovs men – 1367
4 weeks ago the numbers were too low.
Due to the black friday sales most of these products could have sold out and I think they are increasing the productst for the Christmas and Boxing day( I know its nothing for Indians. But since Koovs is a UK company it could offer more) sale.
This gives us more confidence now and is an evidence that these are not cash conserve measures and these are not the symptoms of a company that is about to go bust in 4 weeks.
This is what I hate with this management. The tell one in the RNS and act exactly opposite to that.
Sitting tight with my holdings.
Good Luck!
Interesting to see that Koovs own brand has shot up to 2310 items, an increase of 500 from last week & the highest I have ever seen!
https://www.koovs.com/women/brand/koovs/
https://twitter.com/Trebuchet_Kid/status/1203223224831676416