Member Info for putneylad66

Massive news on the 28.36p funding.

This only needs a 75% shareholder vote to pass.

This, together with the recent 8p placing, will give a 'blended' price of 15p

That is over 100% of the current share price!!!

With a 67% Q4 sales growth, a massive increase in social media followers, web traffic & an improvement in margins, it looks like Koovs may have finally turned a corner!

I am still confident in the story, but only because of the Biyani & FLFL connection.

The CEO Mary Turner & CFO Robert Pursell have mismanaged the company & mislead the City & shareholders with their exaggerations & lies.

'shortly' does not mean one month to produce a circular.

'shortly' does not mean two months to close the funding deal (which was then partly at 8p & not the whole 15p).

These two have zero credibility in the City & are a laughing stock amongst brokers & shareholders.

Biyani needs to jog them on if the company is to survive. These two have brought the company to it's knees from 80p a share to 6p. The share price never lies.

Where are Newgate communications- the new PR firm appointed two months ago?????

A professional market trader more like. That's why he's posting on bulletin boards now.

I'd love this new poster (who joined up today) with an uncanny resemblance to a certain banned poster how he would open a short on such an illiquid stock like this.

Comedy gold!

graybird- worth reading rns's (news releases) about any company you are looking at investing in.

The 28p price has been agreed, part of the 15p blended fundraise, of which the 8p shares have already been received.

There was a nice 500,000 share buy the other day & I'm hearing that many brokers are now positive re Koovs.

Whitman Howard have put out a 20p BUY recommendation on Koovs.

That's a whopping 200% potential rise from here!

https://t.co/FoER6oOLqK

The new revamped corporate site is up & running for any prospective investors to look at. Lots of shareholder info too...

http://www.koovs.com/corporate/

Had a feeling the funding was done yesterday looking at the trades.

There was a lot of uncertainty about whether the deal was going ahead which weighed on the share price.

Uncertainty has been REMOVED. Funds have now been RECEIVED for the first tranche.

The market hates uncertainty, a plethora of good new should now follow.

Yes, there will be dilution, but the main reasons for the fall are that there is a forced seller, selling at a huge loss & the uncertainty of the funding.

The first part of the 15p funding is due to be deposited at 8p a share either tomorrow or Thursday. This in itself is a decent premium to the current price.

An EGM will be announced shortly to get shareholder approval of the 28p placing- yes, 28p!!!
There are no 'subject to conditions' attached, just shareholder approval!!!

Once word gets out, this will fly. A Q1 trading update in 5 weeks, just after we had a Q4 trading update that showed 67% increase in sales, a decent rise in margins, social media followers & web traffic.

This has been under the radar for far too long.....

It's actually just one person posting all that rubbish.

I agree that all is looking good. I have been assured that the first tranche will be received next week. A shareholder meeting will then be organised for the second tranche.

We had 67% growth for Q4

I'm looking at 100% growth for Q1 with an increase in margins.

At some point, the seller will be done.

Yep, deal done, money to be received next week. Bank just needed a bit more paperwork.

Newsflash: BJP & Narendra Modi back in power in India.

Those waiting on the side lines can now get into Koovs

Businesses from all over the world have been flocking to India, the fastest growing major economy on Earth.

Massive potential for Koovs!

yep, from the last trading update, sales up 67% for the first 3 months of the calendar year.

Yes, that's 67%!!!!!!!!!!!

67% increase in sales for first 3 months
web traffic up 50%
margins up to 18%, was 14%
7 profitable store concessions to open (3 already open in & around Delhi.
Increased product range on the platform
15p funding has been agreed,
20p target from Whitman Howard possible 200% upside

India has 350 Mn connected smartphone users and 400 Mn active internet users, which is the world’s second highest, said Google.

“On an average India adds 40 Mn internet users on a Y-o-Y basis, which is among the fastest in the world"

https://inc42.com/buzz/india-unlocking-digital-growth-google-report/

Koovs will soon have 7 profitable stores.
Apart from 3 in Delhi, will open 2 in 'Silicon Valley' Bangalore & one each in Pune & Hyderabad.

The relationship with Future Group is gaining traction.

Need a trading update LOL!

There WAS a trading update last week- look it up on here. It was very promising with a 67% increase in sales for the first 3 months of the year. There should be another one in July for Q1 (April, May & June).

Chefmassive- because they're a British company????? India has excellent relations with the UK, bit of a silly statement.

Don't forget that FLFL HAVE ALREADY PARTICIPATED in previous fundings with Koovs!

With sales now expected to grow exponentially in my opinion & fully funded, the only thing dragging here is the dumping of shares by Ruffer LLP who have been trying to exit AIM for some time.

I believe they are on the verge of exiting. The Capita register is due to be updated within the next week.

Once confirmed, the buying will commence ; )

DAILY MAIL

https://www.thisismoney.co.uk/money/investing/article-7016171/PUNT-WEEK-Online-retailer-Koovs-sells-Western-fashions-Indian-customers.html

PUNT OF THE WEEK: Online retailer Koovs sells Western fashions to Indian customers

Koovs is an online retailer which sells Western fashions to Indian customers. Dubbed the 'Asos of India', it has a market value of almost £30million.
What's the latest?
The firm faced a major setback when the Indian government removed high-denomination notes from circulation, as many orders were paid for on delivery.
However, it recently bagged £10.5million of funding from Indian shopping giant Future Group.

Kong1 your maths seem to be a little wrong, should be about £1.5 million worth of stock a month.

I don't like the way they report Gross order value- it is misleading. It does not represent cancellations & returns, which would give revenues.

Looking at the high rate of returns with the online model & the history of Koovs, revenues are about half of the 'sales' figures.