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From the Hardman & Co report , "Investment summary: With the money raised and the new partners on board,
Koovs becomes an exciting way to play the last big world retail market to move
online. The prize, if it gets it right, is a billion-pound company and more. It is
likely to be a bumpy, exciting ride, but investors have the reassurance of a highly
experienced management team in charge, and the backing of two major Indian
corporations straddling both retail and media. "
Joehigashi, you beat me to it by a few minutes lol...........
https://www.standard.co.uk/business/meet-waheed-alli-the-labour-peer-suffering-birth-pangs-of-india-s-answer-to-asos-a4183176.html
It looks like the PR machine is coming to life . A big write up today in the Evening Standard business section. Overall , a balanced article and quite bullish . A good read especially for potential new investors .
"Despite the bumpy ride Koovs has all the ingredients ASOS had to succeed long term, he thinks, "I saw a gap in the Indian market."
I will make an effort to attend depending on other commitments
of course, it was an EGM earlier this week not AGM, (my bad)
It is noticeable that a cohort of poster/shareholders are more bullish since attending the AGM and meeting the management to discuss the progress of Koovs. I regret not attending myself. I do appreciate the feedback being posted by Jambon,Putney etc .
It's good to see some steady buying again this morning. Koovs up 6% . I believe Koovs presents a great opportunity for investors in the short,medium and long term based on the size of the Indian population and potential market , increasing spending power of the middle classes and a brand name which is becoming firmly established.
I think the share price was bound to consolidate /slide a little after a 50% rise a few days ago . However , I believe there is a lot of investor interest in this niche food sector which is destined to grow rapidly . Some steady buying this morning just under 11p
"We expect our agreement with Crystal International to prove out, at scale, the considerable improvements in sustainability and cost delivered by our technologies and the multiple ways in which they can be applied in the production of garments. We expect to sign further agreements with leading garment manufacturers during 2019.
I like the confident sounding end to the RNS . Market will hopefully appreciate this company's potential .
I believe Koovs presents a good short, medium and long term buying opportunity . Yes, its a speculative buy but consider the fundamentals which make a sound base for company growth.
-Indian economy GDP growth of approximately 6% and predicted to keep increasing..
-A huge population predicated to overtake China's population in the near future.
-A rapidly increasing middle class with spare cash to spend of fashion items.
-Infrastructure & transportation improvements across India to assist with product delivery.
-Increased internet & mobile phone useage across a growing younger Indian population .
-A management team with experience of retail success.
-Wealthy Indian backers providing financial & managerial support .
Yes, its been a terrible share price decline over the last five years but consider what happened to ASOS from 2003 onwards when the turnaround story began.
https://www.afaqs.com/news/story/55010_Top-10-Most-Watched-Indian-Ads-on-YouTube-in-April-2019
Looks promising ......Koovs features in two of the top 10 YouTube most watched advertising videos in India last month. 28 million & 26 million views respectively .
Its good to see the share price showing strength this morning.I still believe that Koovs has the potential to thrive after a traumatic few years since listing. India will very soon have the worlds largest population including an increasing number of middle class with spare cash to spend on fashion items. No Brexit worries over in India .
Extract from Investors Chronicle article on XEROS in Sept 2018 ,
" for house broker Berenberg, domestic laundry is “where the value is”. Xeros is talking to global OEMs about licensing its XDrum technology for domestic use. This market is challenging, but Berenberg reckons it could be worth £2.8bn in annual royalty fees."
Extract from RNS today ,
"The development and Licensing Agreement has a 10 year duration and covers the incorporation and commercialisation of Xeros water saving XOrb(TM) and XDrum(TM) technologies into selected ranges of IFB's domestic and commercial sized washing machines.
The company has made a major step forward today IMHO.
https://www.youtube.com/watch?v=kzGfFp3YiLY
March 2019 Oil Capital Conference Presentation by Cluff's CEO.. Worth a view particularly the background info around Shell UK Farm-in option for licence P2437(from 13.15 minutes)
The CEO is doing the rounds today. Another interview on this London South East website (see media link at the top of this chat board ). This video is 14 minutes. More detail around how Mporium can monetize their technology in the field of Sports.
https://www.youtube.com/watch?v=zwHiM_t5mOE
Mporium CEO giving a concise summary of what Mporium is about plus future plans to increase revenues. Worth a look for potential new investors
FinnCap are forecasting a tremendous increase to £43m sales revenue (!)for year ending 2019 compared to sales revenue of £2.3m for 2018.
From the Q1 trading update RNS today another thing that caught my eye was ,"the company has a revolving working capital facility in place to support current strong growth expectations". Therefore, no prospect of a placing IMHO .
Yes, all looking good for Mporium to keep growing fast . Some big hitting investors already on board who recognise the value of Mporium’s IMPACT technology .
https://futurelifestyle.in/Admin/pdf/20190204_Investors_Presentation.pdf
Following on from Olliebee's post yesterday, the link above is Future Lifestyle Fashions Ltd Investor Presentation dated 4th Feb 2019 . Its a lengthy read but zoom in to pages Pages 36 & 37 which outline FLFL investment in Koovs. Confirms the operating synergies for both companies as mentioned by Olliebee,
"Operational synergies
• Potential synergies between London design
teams & management with FLFL’s existing
operations
• Sourcing & logistics cost reduction through
FLFL ecosystem"
"Build Koovs offline presence
• Retail Koovs Brand apparel offline across FLFL formats
• Enhance equity value of investment through enhanced distribution"
All we need is a bit more buying to get the share price moving !
just gone through at 5.5p ( 2,948093 shares) . Did a dummy buy with my broker who gave me a buy quote of 5.39p. Someone has confidence .MPM is still well under the radar.