Member Info for putneylad66

When I wrote to Ruffer LLP last week, the Koovs corporate site stated they had 15,625,000 shares.

On checking yesterday, the Koovs corporate site said Ruffer LLP had 5,550,000 shares.

Koovs have obviously been notified of decreased holdings from Ruffer LLP, why haven't the markets/ shareholders been notified?

Watch this space!!!

Will be very interesting to see what Chairman Lord Alli has to say about their current strategy. He has plenty of skin in the game with over 43 million shares.

Please excuse me if I'm not interested in what the rest of the BOD have to say. As previously posted, they haven't exactly bought many shares on the open market.

The CEO Mary Turner has a paltry 270,270 shares & the CFO (on £175k a year) has NONE!

TalygarnTom- Good question- what is the Koovs strategy?

What is your take on the lack of engagement with shareholders & their current strategy?

Some great debate last night folks, but less of the personal attacks.

It's clear that there are two camps here. Longer term (mostly bitter) holders & the newer more optimistic holders.

What I'd like to ask on both sides is actually who is happy with the Koovs management & how they engage with shareholders?

I'm a long term holder who is still optimistic about e commerce & the fashion sector in India.

But the 15p price was agreed on ages ago....

Who is lying?

Pascha- nobody outside of the agreement knows what the terms are.

The subscription has been agreed on.

What terms do you think may not have been met?

No, he's just copying & pasting one of my posts.

He is that obsessed with me that he continuously trawls through my history, copying & pasting old posts.

Yes, I did get an e mail from Ruffer LLP.

They reiterated the Aug 9th rns & quoted it in full as part of a longer email.

I can only go on that.

Either way, someone is wrong.

Ruffer LLP's holding is shown in the following link 5,550,000 shares

http://www.koovs.com/corporate/shareholder-information

I have seen Ruffer dumping some AIM stock.

The Koovs corporate site shows them now just holding 5,550,000 shares 1.6%

This is massively down from 15,625,000 shares that Ruffer LLP have confirmed to the market in Aug 2018 which Koovs rns'ed.

So how many shares do Ruffer LLP have & why wasn't this notified by rns? A drop from just under 5% to 1.6% would warrant this as the 3% threshold would have been breached.

If there is a mistake on the website, you'd think the £175k a year CFO (who has no shares in Koovs) would have sorted it out.

So according to The Koovs corporate site, Ruffer LLP are the dumpers.

Again it's shareholders doing all the research & finding things out for ourselves.

http://www.koovs.com/corporate/shareholder-information

Directors’ and their related parties’ interests:

So much for belief in the company, CEO Mary Turner (12.783 million share options at 17.7p) has a measly 270,270 shares!!!!

The £175k a year CFO Robert Pursell hasn't even bought a single share!!!!!

So when the CFO reasures us all that everything is ok, why should he care? He's on a massive wage & has not committed to a single share in the company- interesting!

Yes Adeje- I remember you from back in the day. It looks like we were all duped by all the big talk & exaggerations.

All the while they pretended everything was ok, then BANG- they hit you with one horrific rns after another.

They continuously show scant regard for shareholders. We deserve better.

Why are they letting the share price collapse whilst sitting on FOUR months worth of trading figures? Absolutely disgusting behaviour.

Hi Max, Koovs now have 3 concessions (not stores). Two in Central Malls in Gurgaon & AeroCity (Indira Gandhi International Airport) Delhi & another in the Ambience Mall on the outskirts of Delhi.

The worrying thing is that all this information has been found on social media & NOT through any rns.

It is extremely worrying that as the share price continues to collapse, there is virtually no shareholder engagement.
This is causing resentment. We have to ask why there is so much selling- some pretty hefty chunks too like the 198,500 sell that was declared today.

What we do know is that we are FOUR months into H2 with just 'green shoots' to go on.

Shareholders need reassuring, but where is the CEO Mary Turner?

I have never seen a company run like this in all my years trading with the person at the top still in post after the spectacular collapse of the share price & virtual non-engagement with shareholders.

A vote of no confidence was mentioned as was an EGM. We need to work as a collective & act now. Any other ideas?

Before someone posts 'write to the management'- that has achieved absolutely nothing over the past two years with all concerns having fallen on deaf ears.

Internet use in India has gone through the roof.

India has the world's second highest number of internet users, with 699 million- that is nearly the whole of the population of Europe!!!

https://www.worldatlas.com/articles/the-20-countries-with-the-most-internet-users.html

Great research Paris, can only be a good thing & should massively increase sales.

Internet use in

Bloodshot, I'll be pretty content with 25p this year too. Biyani & Future Group are the last hope here.

Matt, we are 4 months into the H2 period now. Realistically, it looks like we will have to wait for Finals now. Last year Preliminary Results were announced on 4th Sept.

Looking at the Financial calendar on the corporate site indicates 'By 30th September'

Last year, they did give a trading update on 1st March as part of the Koovs acceleration plan.

Will be interesting to see the Koovs media campaign up a notch after the end of season sale. In 2017 there was a huge Valentines social media campaign with Bollywood superstar Sonakshi Sinha.

I wonder who they will use this year?

Keep up the great research guys!

Good find masterboffin. Koovs opening their third store/ concession can only be good news.

Just because I mentioned it was an Ambience Mall & not one of Biyani's Future Group Malls, I get reported & the post removed!!!!