Member Info for Bitbuybit

I noticed that swell Granto. Massive discrepancies on that. Not impressed with costs increasing by a third and whilst we all love a divi, I think they are missing an opportunity to lower the debt whilst they are planning huge investment.

For the record I no longer hold but this is an old favourite of mine so I will wait.

GLAH

These snippets if information can't fail to give confidence. Active recruitment for roles such as those in Bentley43's post are not the sign of a company having to scrimp and save.
Looks like the share price is steadying if not moving upwards slowly.....hoping this continues before official news is released.

GLAH

Afternoon all,

I've not got anything of any note to add tbh but i'm heartened by the increase in the bid over the last couple of days and of course by yesterdays/todays(?) buying. Still no great shakes of course but as yet we haven't retraced like it has done on previous occasions. Feeling more positive and looking forward to a stream of news that I am starting to think will surprise a few people.

GLAH

Matt

I just searched his name as well! Not found - hopefully gone to bother someone elsewhere. I had best get back to fixing the shower - damn the people that have forced me to state fact after fact after fact.

I wish all genuine holders well and firmly believe that those investing at these levels will do more than ok. This story has a lot longer to run than some were suggesting.

Cheers,

Matt

italics = it looks like : -)

Oh and again I say, Mr Biyani committed at the same time as the placing at 15p a share. Another FACT

Never a truer word spoken. Funding of £45 million committed - of which £20million received - please see RNS (as in the facts) for details.

It is not in question that there may have been unexpected regulatory hurdles before the second tranche is passed on to the retail king Mr Biyani - but to suggest this is such a massive problem is very unscrupulous. Koovs WERE in big trouble - the funding that HAS been achieved has given them plenty of time to re-energise and grow. The market does not like uncertainty (another FACT) - thankfully a new PR team have been appointed so italics like the board have listened. Ladies and Gentlemen.....a little more patience please.

And for once I have left an opinion - "Buy". This is because if I wasn't already in up to the apricots I would buys some at this level. Not all at once, but I would buy some.

Matt

Offered 6.31p for 100,000 when was expecting to be offered 6.2p. I’m ignoring the background noise - last summer they received agreement for £45 million of funding for flips sake. They are planning for a future......

Buyers starting to nibble?

There has been some sensible thinking around the current rate of cash burn. None of us know what it currently is however it is likely to not be as bad as some may state. This is due to the media deal stated in earlier RNS. And while we are on that subject, HT media are not due any money nor shares from koovs until August. Please check RNS feed to confirm.

I did a little reading earlier and Mr Biyani’s group took a piece of koovs because he sees a great fit with his own company. He had previously missed out on Jabong when that was sold in 2016. It is his aim to monetise his investment not let it fail. Also, his next investment of 9.5-10.5million was agreed at the time of the placing when that was priced at 15p a share. Hence that price is the agreement - subject to India law etc etc

Matt

He certainly is - it started yesterday. Again to all - read the facts and don’t listen to people who look dubious. A lot of utter dross was spouted yesterday

Please read the RNS dated 13/12/2018 - interims

Under financial results, cash flow and funds.

At 30th September 2018, the business had access to £15.9 million for the purpose of funding the business. Additionally, £8.7m of marketing funds have been prepaid to secure significantly reduced media rates.

This company has plenty left in the tank as far as I can read....

Matt

Pascha,

I fully accept this company has been spending money to make money and that it’s resu thus far have been appalling. You know full well though that they are investing in the brand to raise awareness. I think we know that Koovs should be further down the road to profitability aswell BUT as stated in the Hardman report - funding was provided in part last year and additional funds are shortly to arrive.

Of course the last RNS had a caveat and we await what the next funding arrangement looks like (if there is an amendment due to Indian law) - I really hope you are here to bring me some luck.

Matt

Price being dropped slightly on no significant volume whatsoever. Firmly believe that sentiment will change very soon and money will be made from this level. Come on Koovs we know you have news!!!!

Matt

Also.... I imagine they would’ve done their own due diligence before taking on the role? As in if the company was a dead duck they wouldn’t risk sullying their good name? That being the case, bring on the funding and a stream of good news please

I'm just grateful for a change of financial consultants. Lets hope these guys earn their money.....

Matt

Hoping for a decent week here for a change. Only needs a small rise and the technicals will look a hell of a lot better. Ok, I know it’s AIM and the technicals might not always work but we would be foolish to dismiss them.....

Good luck this week all,

Hoping to finish in double figures myself but that may be optimistic? Who knows? Lots of people watching this one I’m sure....

Classy post. Best of luck to you too. God knows I wish I wasn’t all in this one. Patience is a new strategy for me!

Cheers

Wow......not in either but wouldn’t have expected this....

Hi White Shark,

Aside from visiting this bulletin board for a bit of Jambon baiting, may I enquire if you are invested here? I’m interested if you have held and then sold or even if you are of a negative opinion of this stock. Ps Thanks for posting that barchart link - for one I will look at it in future. The snapshot view near the bottom was very revealing and possibly indicates that sentiment is starting to turn on this?
96% sell a month ago and that has dropped massively to 32% this week. Interesting!

Thanks,

Matt

Re: jambon’s post - yep I agree with you. Looking forward to the re-rate

However, please take some comfort that if we believed there to be an issue we would have released an RNS to that effect.

Regarding Ruffer, the Capita website is updated quarterly, so the info on the corporate website is correct to 7th Feb 2019.

Trebuchet kid (not me)