Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The price is now 7.70 / 7.80 and I am being offered 7.77p for 7000 shares.
We have had loads of sells over the last few days, and the sp refuses to budge. Now we get a youtube video and 13 million views in one day. These views are genuine as plenty of people are pressing like/dislike and making comments. Hopefully, something good at last.
Not rollovers. The trades are too far apart, timewise. Looks like someone is dumping stock.
From Addicted2shares on Facebook:
https://cube.investments/koovs-koov-substantial-speculative-upside-for-indian-e-commerce-land-grab-after-big-fundraise/?fbclid=IwAR1UnVGfdoe99OPZBTmCaDNVl-1SDUKxyge0Vz_NP8vSeGts3Gq_P9o1Vas
I think the profit warning from ASOS is a positive for KOOV. If ASOS want to increase its profits, it is going to have to look further afield..........like China and India.
Dear ****** Today we have announced Koovs’ interim results for the six months to 30 September 2018. The full RNS announcement is attached for your reference. It has been a tough half but we raised new money from great investors. As you’ll be aware, our focus in H1 was to secure new funding to support our growth and conserve cash to sustain the business by reducing marketing and our stock levels. We have secured commitment for up to £45m of new investment during H1, which includes funding from a landmark new investor in FLFL, part of India’s largest retail business Future Group. Kishore Biyani (Managing Director and CEO/Founder) 11th December 2018: “"As an integrated branded fashion player, we invest in and grow leading Indian fashion brands. We are excited to have invested in Koovs, the best established affordable western fashion brand in India. Its combination of technology, content, fashion and customer service will ensure success in the years ahead. We are excited about what we can achieve through this highly complementary partnership.” The funding we have now secured allows us to get back to business and in H2 to date we have begun to rebuild our stock levels and resume top-line marketing. Kind Regards Rob Pursell Rob Pursell Group CFO KOOVS_Signature KOOVS Plc York House 23 Kingsway London WC2B 6UJ e: rob.pursell@koovs.com w: www.koovs.com
So glad I bought more this morning.
Sorry, ignore.
Holdings rns at 6pm.
Looks like something happening at last. I think we will head for 80p to 100p very soon.
For those who follow charts, it looks like it is about to break out.
It will probably go for about a quid to the Chinese. The brand name is worth quite a lot on its own. Worth holding on.
The Subscription
Further to the Company's announcements on 4 July 2018 and 19 July 2018, Koovs plc (AIM: KOOV) is pleased to announce that it has signed a subscription agreement with strategic partner Future Lifestyle Fashions Limited ("FLFL"), part of Future Group - India's largest retail group, for FLFL to take its current shareholding in Koovs from 16.25% up to a maximum of 29.99%.
Under existing shareholder authority and subject to the satisfaction of certain conditions, including the approval of Reserve Bank of India ("RBI"), FLFL have signed a subscription agreement to subscribe for between 63,300,000 and 69,850,000 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 15p per share, raising between £9.5m and £10.5m of cash (the "Subscription"). Once completed FLFL will own between 28.89% and 29.99% of the Company's enlarged issued share capital.
The strategic partnership with FLFL represents a transformational deal for the Company and is expected to deliver synergies across the value chain from manufacturing and distribution to market reach, marketing and customer engagement.
Lord Alli, Chairman of Koovs, said: "This additional investment and commitment from FLFL underlines the tremendous opportunity to leverage our strategic partnership and ensure that Koovs is the aspirational first choice online western fashion destination for India's twenty-somethings. The partnership will significantly benefit our customers, partners and all shareholders."
About Future Group
FLFL operates over 400 stores in India with over six million square feet of retail space and owns and markets 30 exclusive fashion brands through branded stores, department stores and multi brand outlets, including its own Central and Brand Factory chains.
FLFL is part of Future Group - one of India's leading consumer, retail and services companies covering fashion, food and homewares. It owns over 60 brands, operates close to 2,000 retail stores spanning over 22 million square feet and attracts a footfall of over 500 million a year. Future Group sells in the region of 300 million garments a year, making it one of the top 10 fashion apparel companies in the world. Future Group also has one of India's most unique and rapidly-growing digital payment platforms, Future Pay, which has an active user base of over 6.5 million.
Related party transaction
For the purposes of the AIM Rules for Companies ("AIM Rules"), FLFL is a substantial shareholder in the Company and therefore a related party. As such, the Subscription constitutes a related party transaction.
The directors of the Company, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the Subscription to be fair and reasonable insofar as shareholders are concerned.
It is for tax purposes. I buy physical silver coins from the Guernsey Mint, as VAT is not payable unless you try to bring it to England. Often, when it is posted here, the Customs don't bother charging me the VAT, and I end up getting the coins cheaper. Seems that LION are preparing to start trading, and ensuring they pay as little tax as possible.
Just popped in to see if anyone else was in this. Been in it for over a year at 220p a share, and hoping to mulibag.
Ankur Bisen, senior vice-president of retail and consumer products at Technopak, said that almost all fast fashion brands are growing rapidly in India—Zara has clocked over ₹1,000 crore in sales, H&M India over ₹500 crore and Koovs ₹100 crore.
MelodyVR signs agreement with Sony/ATV in Europe
EVR Holdings plc (AIM: EVRH), the leading creator of virtual reality music content and operator of the MelodyVR platform, is pleased to announce that its subsidiary MelodyVR Ltd ('MelodyVR') has entered into a multi-year agreement with Sony/ATV Music Publishing Europe Limited, EMI Music Publishing Europe and Solar Music Rights Management Limited.
The multi-year agreement licenses the VR distribution of Sony/ATV songwriters' music and significantly enhances MelodyVR's extensive library of original content, throughout numerous European territories.
Sony/ATV Music Publishing is a leading music publisher with a catalogue of more than 3 million copyrights, ranging from songs by iconic names including The Beatles, Bob Dylan, Michael Jackson, Carole King, Queen and The Rolling Stones to contemporary superstars such as Taylor Swift, Pharrell Williams, Lady Gaga, Kanye West, Pink, Sam Smith and Ed Sheeran. Since 2012 Sony/ATV has administered EMI Music Publishing, further extending the reach of the songs, songwriters and artists it represents.
Anthony Matchett, Executive Chairman of EVR Holdings, said: "I'm very pleased to announce our European agreement with Sony/ATV, the world's largest music publishing company. This agreement which covers music from many of the world's top songwriters, is vital to the success of our platform and we're pleased to have entered into a long-term partnership.
I am still here and patiently waiting to make my fortune.
I just tried to buy more and they wanted a premium.
Loads of buys and hardly any movement. One small sell and the price gets marked down. Happened several times today. Looks like a big seller is still around.