George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The company has dropped 75 percent of its value since the 15p placing and there has not been one director buy.....
Correction
Turner has overseen 150 to 5p
Diamond you are correct with that!
Waheed has overseen 227p to 5p
Turner has overseen 250p to 5p
Pursell has overseen 80p to 5p
Every single person that has taken part in any placing is down inc ht media and flf and flf bought at 8p ffs!!
These guys are complete clowns!
I hope turner gets binned and loses her options because she doesn't deserve them
Can you believe waheed told the market 16.5 million was enough to get to profit?! We now have losses of 100 and counting
When koovs ipo'd waheed told the market that the 16.5 million that went into koovs was enough to get them to profit and beyond!!
What a joke that was
Koovs also blame day traders for destroyingnthe share price.... Nothing to do with them missing funding deadlines then coming out with a new deal that stinks!!
Email them and ask where the 28p funding is!!! They stated they "dont want to pressure flf" as they have enough money lol!!!
We have enough for 3 months and that's it!!
The company is in a worse financial position today than it was last march when it was close to collapsing
Early on they seemed to cover their "clowness" very well chinner....
It only became clear in the last 4 to 6 months tbh..... They have an absolute disconnect from the shareprice and shareholders....
They took 10 million off new investors at 15 and then let it sink to 6p and seem proud about their achievements for some reason
Yeh trading update early oct if they stick to their word....
Cobra i can honestly say i have never known anything like it!!! Clowns is the only description
The blessing is the king of retail Kishore Biyani being on board.... I think worst case here is a total buy out at 20p which will net me near on 500k... i will happily wait a few years for that if needs be!
What if i told you that when a fellow shareholder told him his frustrations as he had started investing 3 years ago at 40p and the cfo's response was "but we were never going to make a profit back then"
I wonder how that response would be taken by the investors that were talked into taking part in the placing around 50p around that same time?
What about when the ceo cancelling her own option shares at 150p and reissued them to herself at 50p to "realign her interest with share holders"?!
The bottom line is the ceo and cfo are clowns and they need to go, Waheed is questionable on why he is keeping them as they have failed!
I believed at one point that flf would want them replaced and still live in hope
Chinner, have you actually called the company? They usually let a young girl answer and pretend its not koovs
There may be one simple reason, that being that when the 15p placing was done last year they were rold you take part in this placing or you dont buy.... Who knows!
There may be one simple reason, that being that when the 15p placing was done last year they were rold you take part in this placing or you dont buy.... Who knows!
Playing it by ear.... Averaged about 10p with well over 4 million shares...
The reality is if it hits 10p then 20p could soon come fast if it gets recovery momentum...
The blessing is Biyani has 10 million on the line!!
Waheed didn't even bother to attend, he also didn't attend the agm, they do not care about shareholders end of, if you knew some of the other stuff that gets said you would be in shock!
Would you believe a company would say do not email us, we will answer one email on an rns day and thats it
We mentioned it at the egm, robert pursell the cfo laughed and stated if he ever did buy it would be a tiny amount, nothing stopping waheed though with a net worth of 212 million....
They think datly traders are holding the share price down lol!! Its the bloodt funding holding this down... We need at least one tranche of the 28p funding now
Lets see what the trading update bring i suppose!
The infuriating thing is there is no commitment from their own pocket, the bloody cfo doesn't own a SINGLE share.... If i were them i would be loading up if i believed it was cheap
The trouble with these arrogant self obsessed director's is that they judge themselves by how much funding they are able to achieve rather than the results that koovs produces....
Chinner and dunns..... Thanks for the supportive comments.....
I don't know why this rns was released this monrning tbh..... The new CCO was bigger news and they didn't even bother to add that in....
28p funding required asap imo
Did anyone else get the theme tune playing while the rns opened??
https://youtu.be/zjedLeVGcfE
The motortrade in the uk is the worst i have known in 20 years, some of my big prestige customers are in an absolute mess, on the flipside to that i know people who sell cheaper run around cars and they are absolutely having it away
The same can be said for uk retail, some of the bigger expensive brands are struggling while company's like boohoo are absolutely smashing it
While some companies are struggling there are always others making a killing regardless of recession or not
Todays share price has nothing to do with the Indian economy, its solely down to crap management with crap communication!!
Lets not forget amazon is making big investments in India.... If its good enough for the richest man on the planet....
Aditya Birla Fashion and Retail Limited (ABFRL) is a part of USD 44.3 billion Aditya Birla Group. With a revenue of Rs. 7,181 crore and a retail space of 7 million sq. ft. (as on 31st March, 2018), it is India's first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats....
Above is the company he was vice president of