RE: **Bagger Alert Bagger Alert**7 Feb 2018 16:50
Koovs (KOOV)
Share price now = 12p
Float share price = £2.00 March 2014
Shares in issue = 175 million
Mcap currently = £24 million
Koovs : India's answer to ASOS
Chairman : Ex-ASOS supremo Lord Alli
20 years ago, Lord Alli took ASOS from a small 4p a share company to a giant online retailer with a £70+ share price and a near £6 billion Mcap. And now he intends to do the same thing with KOOVS in India.
Lord Alli, December 2017 "I am more excited than ever about the company's long term growth prospects. It is a credit to the team that in a flat market with high levels of discounting we have been able to increase our brand awareness and customer satisfaction at the same time as substantially increasing our margins. During the period £8.9m out of a possible £18.9m of convertible loan notes has been raised as part of the funding programme announced in July 2017.The company remains in advanced negotiations and expects to announce the successful conclusion of this additional funding in due course".
"The important month of November delivered a significant year on year improvement across key metrics with sales up by 17% to GBP1.7m and website traffic up 43%"
"year on year trading margin has improved from 2% to 18%"
India is the world's fastest growing economy. Lord Alli "Koovs is in the right place at the right time"
KOOVS currently has 2.2 million followers on social media