Member Info for putneylad66

I don't know why they didn't update the market. Maybe they wanted to get all the bad news out of the way?

What I will agree with you is that the business plan over the last couple of years has clearly failed & was deeply flawed under the current CEO Mary Turner.

With decent forward thinking management in place that understands India & it's complexities, the company could recover & do well

Pascha, you need to be very careful as you are purposely misleading- just like you were with the competitors post a while back, most of which had negligible online presence.

What do you mean any update now won't have any news to it? That December update was for the period from 1st April to sept 30th. Koovs have had 3 months of trading since, with heightened advertising & promotions. Their Instagram has risen rather well since, over a thousand a day.

Why you even posting on here? Just carry on talking to yourself on ADVFN

So from your own research, Koovs only updated the market twice last year & those were absolutely horrific results which crucified the share price. Both updates were released, very, very late but within AIM guidelines. Just stating facts, not lies.

I said I 'hoped' there would be one. This would bring some credibility back.

yes, you heard right ; )

In the modern day & age, companies have an up to the minute update of the progress of their company. Gone are the days when they have to shift through thousands of receipts & documents to produce an update.

I really do hope that the CFO Robert Pursell is finalising a quarterly update in time for an rns tomorrow morning after taking on shareholders concerns on how they communicate to the markets & it's loyal shareholders.

Pascha, please stick to facts, not fiction.
Where have you heard that Future Group have the right to negotiate the share purchase? NOBODY outside of the talks knows the conditions, so I suggest that you behave yourself.
They agreed to share purchases of firstly 10p & 15p when the company was really struggling.

The FDI rules (which are just a tweak & reinforcement of existing regulations) will not affect Koovs.

It is designed for the marketplace players like Flipkart & Amazon that 'host' companies that they have stakes in.

Koovs does NOT sell products on it's website that it has a stake in.

As for the 15p shares, there's no rush for now....

The FDI rules that will affect marketplace style companies like Amazon & Myntra come into affect next month.
The complexities surrounding this have led to the Amazon/ Future Group deal stalling hence the 11% drop in Future Group shares.
The policy does not affect Koovs directly.

As Kishore Biyani raises £337 million pounds for his family

Kishore Biyani told ET: “The family office has raised about Rs 3,000 crore, which will help us diversify investment and portfolio at the family level. This is one of the largest deals in the country at the family holding company level.” He clarified that none of these firms are shareholders or part of Future Group’s listed retail companies.

https://www.timesnownews.com/business-economy/companies/article/future-group-founder-kishore-biyani-family-office-raises-rs-3000-crore-to-reduce-debt/337710

What do people make of Biyani raising such a large amount of cash for his family?

Kishore Biyani hails new e-comm FDI policy; says Amazon, Flipkart can't build brands now
Biyani says it is now clear that the online marketplaces will have no option but to stick to just linking buyers and sellers on their platforms.

https://www.businesstoday.in/current/corporate/new-fdi-policy-kishore-biyani-future-group-amazon-flipkart-can-not-build-brands-now/story/304536.html

Biyani, whose brick-and-mortar group is facing tough competition from e-retail giants like Walmart-backed Flipkart and Amazon India, said that the move could prove to be a game changer for offline retail companies.

I'm a little more optimistic with Koovs. After appalling revenues of just £2.1 miilion pounds in H1 because of a lack of funds, if Koovs provide a bumper 3 month trading update in the next week or so, coupled with the finalisation of the 15p fundraise (hurry up Reserve Bank of India), then this could easily surpass the fundraise prise.

Moving on, if Avni Biyani, a new Director on board who is also a Director with Future Group & very switched on can have an impact, this could maintain the current momentum.

Avni can not do it on her own. I'm expecting another Future Group Director to come on board, hoping as early as next week.

With the strength of new management & hopefully some Board changes, Koovs can do well.

With all this in place & a clearer idea of their strategy with FLFL Koovs could end the year 40p plus.

Good to see a huge recovery on Wall Street tonight 4% up on the Dow Jones! Can't remember a day like it!

https://www.fibre2fashion.com/news/fashion-retail-chain-stores-news/koovs-gets-funding-in-2019-first-half-246367-newsdetails.htm

fibre2fashion have just re released that news from the Interims from the other week.

HH, you can not correlate Instagram figures with sales with regards to what has been going on in India. You really have to have a deep understanding of the two biggest monetary policy changes in India's history, demonetisation & GST.

With regards to demonetisation over two years ago, larger denomination bank notes were made defunct over night. Most e commerce sites rely on COD (cash on delivery). Cash had virtually dried up as people queued up for months trying to exchange notes. I too lost a large amount of rupees as even Indian banks here in the UK were not allowed to exchange notes & I could not get back to India in time for the cut off. This meant that the likes of Myntra & Amazon built up huge quantities of stock in their warehouses, then offloaded them at over 90% discounts later on.

Koovs could not compete with this, then struggled with funding too.

The sector is returning to normal, hence Walmarts arrival.

I'm not the biggest fan of management & have very strong views. I have recently written to three analysts at Peel Hunt, the analyst at Hardman & Co & management of Koovs. I fondly await their replies ; )

Why would it beggar belief? The reasons for an extremely poor year were fully explained in the last rns.

Instagram isn't the total answer, but a very valuable tool. Chairman & media tycoon Lord Waheed Alli is a capable man in this field.

Boohoo CFO summed it up pretty well last year "Neil Catto, Boohoo’s chief financial officer, said the company’s success with mostly millennial customers had been driven by its focus on encouraging celebrities and bloggers to post about the retailer’s clothes on Instagram.
“We work with a whole spectrum of influencers, celebrities and wannabe bloggers – all people with a presence online – and we work with them so they can spread the word about Boohoo. It goes likes wildfire on Instagram,” he said.

Instagram is a great tool for exposure, promotion & engagement. I've said it before & I'll say it again, there isn't a single company in India that is utilising Instagram like Koovs do. The huge marketing campaign over the last several weeks should hopefully convert to an increase in revenues.

E commerce in India is a nascent economy, showing massive signs of future potential, hence the likes of Walmart & Amazon increasing their footprint in India, the largest growing major economy on Earth.

If it wasn't for demonetisation & GST I'm pretty sure that Koovs would not be sitting at 8p.

A great entry point with news from a few fronts due in the next few weeks hopefully.

Early Investors in Flipkart made a killing when Walmart took them out. Softbank, Accel, Tiger Global & Premjilnvest are laughing all the way to the bank because they took an early risk.

Even if Lord Alli walked away from this having just broken even, I will be more than happy : )

Good luck Ollie- ASOS looks to be well oversold. It dropped quite a bit prior to the profits warning, so very overdone. The quality management over there will learn from this.

Jambon did say he was going to buy 400k shares today

Am I reading this right folks?

On the 4th July 2018, an rns stated that ''FLFL has conditionally agreed to take its ownership up to 29.9% within 6 months of completion of the Equity Raise.

On the 6th July 2018, an rns was released ''following significant interest in the Equity Raise, Koovs today announces that the bookbuilding exercise run by Whitman Howard, has closed early....''

So 6 months after 6th July 2018 is 6th Jan 2019.

There has to really be some kind of announcement before that date.

New Delhi: With an expected annual growth rate of 9.17 per cent Surat is going to the world's fastest growing city between 2019-35, the Times of India said quoting a report from Oxford Economics, a research house engaged in quantitative analysis. What is more encouraging according to the report is out of the top 20 fastest growing cities in the world, 17 are going to be from India.

https://www.timesnownews.com/business-economy/economy/article/surat-may-become-fastest-growing-city-17-of-20-worlds-fastest-growing-cities-from-india-report/327348

All of the world's 10 fastest growing cities till 2035 will be in India. With an expected annual growth of 8.58 per cent, Uttar Pradesh’s Agra is second on the list.

New Delhi: The country’s diamond capital Surat will see the fastest economic growth in the next two decades, averaging more than nine percent, according to Oxford Economics.

With an expected annual growth of 8.58 per cent, Uttar Pradesh’s Agra is second on the list. All of the world's 10 fastest growing cities till 2035 will be in India, says a Bloombuerg report.

Bengaluru (8.5 %) is third on the list, followed by Hyderabad (8.47), Nagpur (8.41), Tiruppur (8.36), Rajkot (8.33) and Tiruchirappalli (8.29).

https://www.news18.com/news/india/surat-leads-the-race-as-india-claims-top-10-of-worlds-fastest-growing-cities-1962267.html

Joe, I was on Mumbai International airport a few months- it is super modern & clean. I think I got 30 minutes Wifi for free, but then had to pay : (

The duty free choices are great but quite expensive & forget finding a beef burger in Burger King there! Only Chicken & veg.

The point I was trying to get across was that India is modernising extremely fast. Yes there is much poverty, but there is huge investment going on. Just look at what Walmart & Amazon are doing in India with respect to the Billions they are pumping in.

In fact, most of the fastest growing cities in the world are based in India- will find the link....

Yes Matt, I remember you from back in 2016 where I bought the bulk of my shares in the teens before that huge rise. Had a couple of dodgy top ups at 70p lol!. Have averaged down quite a fair bit since, but still well down.

I thought every drop was temporary & stubbornly held out, but hey, hindsight is a wonderful thing.

The main factors during that time were demonetisation & GST which were out of Koovs control. They were doing ok before these huge Indian economical milestones. Then there was fundraising.

The UK retail market both online & ofline look to be messed up now. Too much competition & uncertainty.

I have spoken to quite a few other Investors who are taking their money off the table in the UK & increasing their exposure in the East.

India has a nascent e commerce sector in which I am more than happy to invest in via Funds or direct exposure to individual companies.