Member Info for Bitbuybit

The only trade so far was my purchase - it certainly wasn’t a sell. Many reasons for averaging down here, not least the imminent news flow - trading update, funding news, expansion in flf malls and the investors roadshow.

Hoping for a great month

Matt

Can anyone explain why the long delay in notification?

Matt

I know I’m not Putney but I do hope I hold an objective view. Not sure how having a capital markets day and engaging with potential investors about what you are doing and why and how you are doing it can be construed as a bad thing?

Surely it’s a positive move? If you believe they need money now or in the future - then you need interest from people with deep wallets that can see the potential to make some money off their investment in the future. I would personally be more bothered if the company weren’t actively trying to shout about the opportunity that lies in Indian e-commerce.

Re: 2 brokers? Lots of companies have more than one - perhaps they require a new examination of their future potential?

We are all guessing of course but as a current holder I’m a lot happier for seeing that RNS than not.

I have a gut feeling that things are starting to turn for the better.

Good luck all

Matt

Never have I read such uninformed clap trap. “Shorted so heavily” - please provide evidence of this. There is nothing on short tracker stats and whilst I know it’s only covered if above 0.5%, to put something like that without basis of fact is clearly libellous is it not?

Matt

Morning all,

It’s fair to say that people have lost interest here but for me that’s when an opportunity to win big becomes possible. If Koovs were not meeting trading expectations they would release an RNS. I am therefore of the feeling that trading has improved as expected and a positive RNS is due in the next week or so.
I also believe Koovs are adopting a siege mentality as previous supporters (loyal shareholders) start to vent their frustrations. Koovs have their jobs to do and I think they are getting on with it with a spike in orders proving a challenge but a necessary one.

The tide will turn shortly and funding not being necessary yet is a further reassurance to me.

Be lucky all of you

Matt

Morning all,

I am a previous holder here and its a share that I look in on from time to time. Fascinating that the market values it at such low p/e but as stated by others there other significant risks attached - location being one of them. My question is for any chartists out there - where is the next support if 168p goes? Someone mentioned 145p but I have no idea. My thoughts would be hold tight if you already are - this will e superb long term hold. Short term? I hope he has good lawyers and it's bizarre that such historical case would come up now?

Best of luck all,

Matt

Not likely in my opinion - however I would suggest the bottom has been reached here. Bottom feeders will be in soon.

Matt

It has also been stated by the financial director that if it’s not needed they won’t draw it. So relax

Morning all,

I have tried to maintain a dignified silence but alas I don’t have the tools :-)
We know the next trading update is due in early October - if anyone has the exact date please share. The talk about the funding I think needs re-visiting. Koovs have constantly said that if they don’t need it (they currently don’t) then they aren’t going to demand it. FLF Group clearly run a tight ship and if the cash they’ve agreed to spend is not needed yet then why not keep it in their own bank account?

I personally think that the £250,000 was a nominal amount given to demonstrate that the funding is still on and at the price of 28.36p - this is clear from the amount of shares issued. We know £250,000 wouldn’t last particularly long but I think it would last longer than what some on here suggest.

Either way, the facts are (for me at least) - a 3rd quarter of significant growth is potentially about to be RNS’d, £6m of funding is agreed and still to arrive (when needed), concessions are increasing in FLF stores, koovs have a contract to assist with FLF’s online offering, Koovs are designing and providing a new brand for FLF called Chelsea King and one of Mr Biyanis daughters is a director on the Koovs board. Personally, I don’t think he’s going to watch his daughter fail and I’m expecting a significant turnaround in the next few months - starting with the next update.

For those not already in, I would fill an ISA with these and leave them.

Just my thoughts from someone who is holding

Best of luck to all,

Matt

The word I was looking for was governance not compliance but I suspect they both apply.

Matt

For anyone feeling nervous please read the recent report that says the company currently benefits from a strong cash position. I feel this company has had to take a step back to enable it to move forward but it is now making all the right moves. It has better internal and more importantly external focus on its compliance so is now whiter than white with what it issues. It has expanded its customer offer in line with increasing its sales team and is focusing on lower margin contracts that actually work. I have seen no evidence of major shareholders or important financial backers dumping their investments in YU but we are all aware of the director buying recently.

My feeling is that whilst this drop is very frustrating, my investment is safe and at these prices it’s a bargain. (Sadly my average is much higher:-(
I also realise that due to the low free float, any “sell on news” is exacerbated massively and as such relatively few sells can hammer the share price.
Thankfully this works both ways, so when the bargain hunters return the price will rise just as rapidly.

He waits. That’s what he does.

All the best,

Matt

De ramping for personal gain is utterly shameful

Nope

My average is a lot higher too but the RNS seemed pretty positive to me. I think it’s will surprise a lot of doom mongers

When others are fearful.
I’m sure I’ve heard that before.....

Matt

Looking forward to the next update so we can continue increasing margins and increasing GOV. It’s a slow burner but we seem to forget the incredible partnership that we have and how we are positioning ourselves for further growth. I’m holding tight - underwater at the moment of course but when sentiment does change I wanna benefit!!!

Cheers

Followed by a decent stream of buys.....

And down 22%. Very frustrating but there you go. Just remember that when sentiment changes it will not take many trades for this to fly.

Yours optimistically,

Matt

Looks like I’m holding for at least a year :-)

Not much additional info but pleased to see £65m contracted for next year already and with the focus on higher single digit margins whilst older contracts are allowed to wash through.
Revenue for the 6 months was up 70% whilst losses reduced massively to £2.6m (and can reasonably be expected to reduce further in the next 12 months).

No indication given on when a return to profitability will be seen however with plenty of cash in the coffers and no nasty surprises you might expect that this price will be the base now and a gradual rise could happen as this moves into the black.

Thoughts anyone?

Matt