Member Info for Bitbuybit

That this has paused but think it’s more risk aversion than any real doubts about how YU has performed. Expecting a decent update with more info and forward looking. Then I’m hoping the crowd will buy back in. Remember, this could easily jump up past 3 quid with decent buying. (And it would still be cheap!)

Matt

Hope you pulled out early doors - what happened?

To all Koovers and potential Koovers, this is what has in my opinion been holding the share price back. Funding fears were probably justified but it would seem from this RNS that the agreement with FLF is well and truly intact.
For me this small amount of funding sends 2 very clear and very positive messages.

1) Funding at 28.26p a share is still intact
2) Koovs do not actually need additional funding in large amounts yet (I see this as a statement of intent)

Add this onto triple digit growth year on year in the previous quarter and a warehouse move to handle the greater volume of orders and suddenly I wish I was all in at this price.

Looking forward to the next trading update too!

GLAH,

Matt

Koovs have signed a new contract to provide a private line of men’s clothing for FLFL’s brand factory. This goes into March 2022 and will start in 25 brand factory stores initially. Expected to generate 0.6m sales and be profitable - no sale or return agreement here. Also koovs private label is being rolled out in another 5 stores. There are other bits aswell but I’m delighted to read of more tie ups and increased synergies with FLFL.

I feel there is a lot more going on behind the scenes that we aren’t privy to. Yet!

GLAH

Now a steady rise please

GLAH

25,000 at £1.15 had to be a buy? Bid would’ve fallen if not....

Matt

Yep - a bigger warehouse for a higher volume of orders. Smart move don’t you think?

Following requests from shareholders Koovs have now started releasing quarterly updates and with what is expected to be a 3rd very positive quarter in a row it would be feasible to suggest the tide could be turning. It’s taken longer than previously thought and has had hurdles to get over but I’m holding firm and looking forward to the next RNS’s. Remember the additional funding will be delivered throughout the year (from FLF) and none of us no when. As an aside the Amazon deal could be a game changer. And as orders have rocketed a bigger warehouse was clearly needed.

GLAH,

Matt

Impressive. I wish I’d done the same because I could now buy 50% more shares. The RNS was decent tho - if I wasn’t already in I would be loading up while there is a sliver of opportunity. A few decent buys ad this will be up 20-30p

Matt

It has to be said the spread on this currently is ridiculous

Agreed. Web traffic reports have been erroneously reported all the way. This quarter should show a 3 figure increase which would be 3 excellent quarters in a row. Aware of the comparisons but comfortable here. Whenever I consider selling there is a massive uplift so I’m staying put. The large increase in orders and the warehouse move may have been a challenge but there are definitely green shoots here in the biggest opportunity (India online) on earth. I’m accumulating at this level

Matt

It also says that £55m revenue up until end of June plus £45m that will run additional to year end giving a conservative (imho) £100m plus of revenue. With the sales team expansion and the work the group have undertaken so far my own expectation would be full year revenue of closer to £110m but that’s just me.
The loss is falling even with the group taking a bit of a step back earlier in the year - last year £6.3m on £88m sales, so far potential loss of between £2.5-£3m on £55m sales. With the focus on higher margins I expect this to fall steadily which leads me to the £17.4m cash in the bank. Let’s not forget this company has learnt its lessons and is now whiter than white. No nasty shocks here is my thinking.

Anyway, at a current market cap of £28m you are valuing the companies current prospects at only £11m. I would respectfully suggest that with cash for the next 2 and a half years (minimum), ie more than enough to see it through to profitability (imho), this looks like a pretty decent opportunity to load up and sit tight.

Just my thoughts

Matt

Just tried a dummy sell for 9358 of these and was offered 174p - feeling much more confident now

Pump and dump? Where?

Looking very good here now

Matt

This share has been on my watch list for a while and I missed the recent spike following conclusion of the accounting issue and the recent results. Since the spike there has been the inevitable retrace and this is the second time it has been down to the 155-165 area but it looks to have found decent support. With money in the bank and a fast increasing revenue stream this to me is again looking primed for the next leg up.

I want an ISA full of these.......

Matt

Between the longs and the shorts - after such a massive bounce back I expect some profit taking (which the derampers will call a short attack) - Facts say shorts have increased.

I might take a look at 13-14p

GLA

Personally I think they will drop it. If I was out wanting to get in I would be looking for 12p. If I was in I wouldn’t have a tight stop loss. But that’s just me. One to ride out for sure

GLAH

Volcano,

This is something i've never fully understood. I read earlier that the dividend(s) will be paid on the 1st July to holders of the stock at close of business on 24th May.

1) Did I read that correctly?
2) What I don't get is why the price drops today and not first thing on Monday morning when the divi chasers leave?

Can you help with this - I would genuinely appreciate it?

Cheers

5% seems excessive