Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The reason why I asked is that in the past I have seen some investors who put 100% of their investment and they created a future. But they had enough confidence and the regularly ensure that everything is ok with their invested company. I got a sense that you and Putneylad resembles similar investment style. I am not sure if I am in this category. But really heavy on this counter. How do you manage to bear the paper losses for these many years in this counter? Really frustrating and boring for me in this counter now. I know very well that the moment I leave this counter then the share prices may skyrocket. following this company for more than 2 years now, my confidence have increased recently. Yeah the share price was decreasing mainly due to the current untrustworthy managements announcments. But looks like they are way better in the last 2 months IMHO. I think I need to forget about this investments for the next 3 years. Biyan may buy this before that I think so.
The reason why I asked is that in the past I have seen some investors who put 100% of their investment and they created a future. But they had enough confidence and the regularly ensure that everything is ok with their invested company. I got a sense that you and Putneylad resembles similar investment style. I am not sure if I am in this category. But really heavy on this counter. How do you manage to bear the paper losses for these many years in this counter? Really frustrating and boring for me in this counter now. I know very well that the moment I leave this counter then the share prices may skyrocket. following this company for more than 2 years now, my confidence have increased recently. Yeah the share price was decreasing mainly due to the current untrustworthy managements announcments. But looks like they are way better in the last 2 months IMHO. I think I need to forget about this investments for the next 3 years. Biyan may buy this before that I think so.
Hi jambon,
Is this your only investment?
Looking at the communication from Koovs management for the last 1 month, I would admit that they have improved. This level of communication is expected for a good management to keep the sharholders informed and happy. Surprised that share price haven't jumped high. Done a tiny top up as the price was tempting even after getting the 1st tranche now.
At what price FLFL places their holding for Koovs is one side. Keep it aside. I think most of them have forgotten about the share dilution here. That is one of the reason for fall in share price.
When more money is printed then the value for the pound will go down. Similarly when more shares are introduced then value per share goes down. Hope that explains. Also I think more people are skeptical about the management for changing the goal post and rules frequently. I stopped adding now as I am over allocated in Koovs.
How was the track record of Whitman Howard ?
Are they any better than Hardman and Co? I think they gave unrealistic targets last year. I literally dont believe in these analysts really.
https://www.koovs.com/women/brand/cover-story/
please evidence yourself and tell me how many Coverstory products are listed.
Some tie back ther were 500+ coverstory products listed in Koovs website.
just 1 product listing is very strange. May be FLFL want these to be listed in their own website now. I haven't checked it. Otherwise it could be technical issues.
So Koovs prooved again that they are zero in Corporate governance. Even for better performing companies a distrusted management is a big negative for the Share holders. Looking at Koovs being a loss making and a distrusted management, I really don't know how to react. For time being I have stopped adding any more shares of Koovs.Too much overloaded already.
Strangely there is only one product under Coverstory in Koovs website today. Decoders - any clue here?
All set ready for tomorrow to evidence the trustworthyness of Koovs board. According to their last RNS they have to get the funding money by tomorrow. The result is already in the SP.
Disclosure: I have no shorts position in Koovs.
Another test to check trustworthyness of Koovs management.
23rd will confirm their trustworthyness.
I was looking at what could be the reason for this weeks fallin share price. It's not a rocket science. Following is the extract form last weeks RNS "The first tranche of the funding involves FLFL subscribing for an amount of £3,667,125.04 at 8 pence per new ordinary share of £0.01 each in the Company ("Ordinary Share") (the "First Tranche"). As such, 45,839,063 new Ordinary Shares (the "First Tranche Shares") will be issued to FLFL following receipt of the subscription proceeds by the Company, which is expected by the end of the week". end of the week ? . How many end of the weeks, months, years???????. I think the investors got pissed of with this management.
Screaming buy? I know that you are overloaded with Koovs. Word of caution. No one is a financial advisor here. Even I want the prices to go north. But I am not interested in ramping. Prices should go up naturally along with fundamentals being right. I dont think it is the Ruffer LLP alone who is dumping. It won't be difficult for them to dump 5 million shares which is worth only 400K. I think investors are not trusting this management. Even a good performing companies shares will trade low when there is no trust in the management. We all know if Koovs management is trustworthy or not. We were evidencing it in the last couple of years.
Hi Olliebee,
I believe Olliebee would know how Kishore biyani gets more share when the share price is artificially kept low.
It was a coincidence that I raised the below question a week ago.
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In the last 5 months I was thinking who actually benefits when the share price is kept low?
1) Kishore Biyani - As he will get more shares in cheap price
2) HT media - As they will also get more share in cheap price.
3) Definitely Shorters will get benefit. But I don't think the company has any motivation on this.
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I am not good in decoding the RNS. All that I know is that this management has proven track record of tweaking the terms and conditions.
I really dont believe in the blended price of 15p story. Initially got confused whether to sell or buy when it was quoting at 9.8p. later on ended topping a little more on that day at a different price mainly that I believe in Kishore Biyani.
I hope the share price to go up before the recession starts. Otherwise I will get struck here before the next recession which seems to come anytime within the next 12 months. 10+ years of continuous bull market is no good and no value for printed money. So be cautious is my strategy at the moment.
In the last 5 months I was thinking who actually benefits when the share price is kept low?
1) Kishore Biyani - As he will get more shares in cheap price
2) HT media - As they will also get more share in cheap price.
3) Definitely Shorters will get benefit. But I don't think the company has any motivation on this.
For some reasons Koovs looks like they are holding all the news to keep the share price low to satisfy Kishore Biyani and HT Media.
Probably once Biyani and HT media gets their shares then Koovs could release all the news regarding trading update. I believe the web traffic, instagram followers and all looks positive.
I think there is scope for Koovs in Indian market to some level. But can't trust this management at the moment as there is evidence of giving false hope. Based on my knowledge, Kishore Biyani will never be in a hurry to jack up the share price for keeping the share holders happy. He tries his best to do a good business and thats it. It's upto the gamblers to get fooled by entering on certain dates expecting an RNS. Patience is key here.
What will happen to the share price if the trading updates are positive as expected by some of us here?
1) share price could shoot up to 20p+ is the revenue have trippled with minor losses.
2) Biyani may need to buy shares with new price compared to the old price of 15p placing
3) HT media could get less shares.
Hope this rings the bells why Koovs are not releasing the trading update or any positive update.
Based on the behaviour of Koovs board, I think that neither of those days is my answer.
I would be surprised if they prove me to be wrong.
we got only 2 more days in april.
Hi Jambon.
Thanks for that. When you say IG, is it the Share dealing acccount or Spread betting/CFD account?.
I know IG spreadbetting account allows to short. But they suck the money in the name of daily roll over charges and strangely I experienced in the past that the price in spread betting account can be manipulated and FCA won't care about that. If it is the IG Share dealing account then probably that is what I am looking for. Definitely not going to short now. I know people eyebrows are raising. But literally bored with my Koovs investment laying here for ages. especially no moves in the last 6 months. If I am right the management may flood the market with news flows to spike the share price to 30p or above. I can control my holdings till 25p. But anything above 50p in a week time will definitely tempt me to short it. I need to admit that I am not good in short terms. Atleast in long term my investment is not going to zeros.
Can some one tell me which site you use to short Koovs or any AIM stocks? Slowly my mindset is diverted towards shorting over hyped penny stocks. I know this is against my principles but not againt the law. In case if this shoots up to unexpected price, I would like to get ready with the right accounts to short for quick small gains. Recently I opened an account in Degiro for low trading fees. I took this step to reduce the cost which is very important for maximising the profits. Still strugggling in using Degiro. I dont want to use spread betting accounts as they are suckers who will suck 100% of money from your account by artificially spiking the share price.
Hi Putney,
I understand that most of them in UK will be away for Easter holidays for this week. I accept that this can't be an excuse. I can only say that Koovs is still a very small company to follow all the rules. Hence they are not concentrating on the shareholders. But probably they are concentrating on adding more product lines in their website. Reporting to FCA can give two outcomes - 1. they will force Koovs to release the RNS, 2. Trading will be banned pending a case against their management which will wipe out the current share holder's value. But this could give good chance for shorters. At the end it's upto the individual to do the right thing to do.
After looking at what happened in Debenhams, its clear that shareholders have no powers on anything including Mike Ashley. To whomever we report about any mismanagement of a company, I think at the end they all will escape with some excuse. Shareholders have no excuse other than beating ourselfs. My suggestion is to not believe too much in a single company and try to have a diverse portfolio in case if you want to withstand any shocks. I believe there are some in this board whose entire investment is in this single company. I need to accept that even I am too over allocated in this company. Trading update in this month will tell me what I should do.