Member Info for JOEHIGASHI

I think we have a big buyer in the background

they said that about ASOS when it was 3p and then where did that end up, Koovs is Waheed Alli who I think ran ASOS for about 12 years

Beats me why people sell at this price

I keep going to press the buy button, then it drops again

Nice start to the day

Morning Razel, not too bad thank you. I did sell out a while back, but always on watch, Hope all is good with you.

Mniy, is that a green light for buyers to pile in now

what a disaster here

where's this heading, £1.50 ?

Looking good

https://www.hardmanandco.com/wp-content/uploads/2019/07/Koovs-FY19-results-July-2019.pdf

Essentially, we look out to FY23, where we are xpecting EBITDA of £20.8m. We apply an EBITDA multiple of 35 (typical of what was applied to ASOS and Boohoo at that stage of their development) to derive a future value of £731m, which we then discount back to today at 25% – a high rate to encompass all the risks faced in growing a business to that scale. That
derives a value of £300m, or 74p per share on a fully-diluted basis.

The important information from Koovs’ FY19 results is not the results for the year but the trading since the company secured its additional financing. With Gross Order Value (GOV) up 104% in 1Q20, Koovs is once more showing the sort of
growth associated with online success. FY19 itself was a lost year, as the company conserved cash while it successfully sought new investors; they eventually arrived– not only with money but with important synergistic benefits too. The GOV data is a function of being able to finance growth again. The benefits of the Future Lifestyle (FLFL) tie-up are still to come in additional distribution and improved buying.

https://www.hardmanandco.com/wp-content/uploads/2019/07/Koovs-FY19-results-July-2019.pdf

Giantsquid, neary did that article because he is worried investors will sell out of his investments, that being Asos and Boohoo, to come and buy into the more attractive KOOVS

down again today ?

Tom, I think you hit the nail on the head there, exactly.

Nice jump

It's been like that for hours now, dodgy website lol

I think a few people got unnecessarily scared out of their shares here, after reading some daft articles on the internet