Member Info for putneylad66

Guys, have noted a few 100 trades this morning? Is that a signal that market makers are short of stock?

Ivans, I posted this the other day, hope it helps....

FLFL are COMMITTED to the 28.36p placing, that is why they paid the first tranche of the 28.36p placing.

It looks like something got flagged up by RBI, even though they have allowed previous cash to go through.

They have just asked FLFL to reapply.

Yes, this could several weeks, but Alli will not let this go at this stage.

Why would he take it private with losses of £15 Million a year? That would be a massive headache for him.
He wants to keep it public.

I am also sure that he does not want to stitch up the CEO Mary Turner, who has given up £200k of her salary every year & has spent the last 4 years mainly away from her family travelling to India.

FLFL do not want this to fail. They are 9 Million GBP down on their 10 Million GBP investment- not a good look in India & all down to funding woes.

I am sure that KIshore Biyani is in extensive talks with RBI.

As a last resort, let us not forget that Lord Waheed Alli is worth 212 Million GBP

There is a reason Bollywood stars are queuing up to wear Koovs gear.

After 6 years, they have finally created a niche brand in India with a massive organically grown social media following.

Koovs has vastly improved since. Sales have doubled, margins have improved, web traffic increased, conversion rates improved, social media presence has massively increased to the extent that big name Bollywood stars like Kajal Aggarwal with 12.6 million followers on Instagram & Zareen Khan with 7.8 million followers on Instagram have been wearing Koovs gear this week alone.

That is not the sign of a company about to go down!

Just look at the rise last year from 5p to 28p on funding news.

Some interesting chat going on ; )

FLFL are COMMITTED to the 28.36p placing, that is why they paid the first tranche of the 28.36p placing.

It looks like something got flagged up by RBI, even though they have allowed previous cash to go through.

They have just asked FLFL to reapply.

Yes, this could several weeks, but Alli will not let this go at this stage.

Why would he take it private with losses of £15 Million a year? That would be a massive headache for him.
He wants to keep it public.

I am also sure that he does not want to stitch up the CEO Mary Turner, who has given up £200k of her salary every year & has spent the last 4 years mainly away from her family travelling to India.

FLFL do not want this to fail. They are 9 Million GBP down on their 10 Million GBP investment- not a good look in India & all down to funding woes.

I am sure that KIshore Biyani is in extensive talks with RBI.

As a last resort, let us not forget that Lord Waheed Alli is worth 212 Million GBP

There is a reason Bollywood stars are queuing up to wear Koovs gear.

After 6 years, they have finally created a niche brand in India with a massive organically grown social media following.

Some interesting buying going on today as the drop was well overdone.

Of that list, StalkBuyLove & Voonik are virtually finished. Many other fashion e commerce sites have disappeared too.

At this stage of the game, 6 years down the line, Surely Alli can pull something off.

For funding to proceed, Koovs lawyers must first exhaust all avenues with FLFL & then make that deal null & void. They have already given them three weeks to reapply, which by the looks of it they haven't. A meeting with Blackstone (FLFL backers) allegedly got nowhere.

The danger now is a placing at a low price which will cause untold dilution, but better than going into administration.

https://www.retailgazette.co.uk/blog/2019/01/missguided-reports-46-7m-loss/

Nitin Passi is now stagnating in his main market & may be looking to India.....

Interesting to see that UK fast fashion giant MissGuided has started to sell on the Koovs platform.
The owner Nitin Passi is worth a cool £250 million & tried to enter India a few years ago with Jabong.

Between himself & Lord Alli, they are worth nearly half a Billion pounds. I'm sure that they can muster the £6 million emergency funding between them.

Koovs have invested close to £100 million in the Brand, technology & platform. The market cap is now £8 million with £3 million in the bank.

They are coming off three successive Quarters of excellent growth, 67%, 104% & 100%

Sales up, margins up, web traffic up, conversion rates up.

It has been three weeks since the funding deal collapsed & marketing spend reduced. They really need to update the market now.

All those large trades have been cancelled. Market Makers trying to scare weak investors out!

Kishore Biyani is confident that the Amazon deal is near completion. Hopefully this will speed up the Koovs funding.

https://www.timesnownews.com/business-economy/companies/article/future-group-set-to-close-amazon-deal-soon-says-kishore-biyani/511250

Exuding confidence, Future group founder Kishore Biyani says a deal to sell minority stake to Amazon has moved forward even as the CCI sought more details

No doubt this funding debacle has set the company back many months. What of the future now?

A proposed £6 million emergency funding would have to be conducted by Alli & fellow Directors. Will not be easy going to shareholders after the last ones who participated in the 15p placing were shafted.
Koovs have to first exhaust all avenues with FLFL & determine whether it was them, together with their backers Blackstone or the Reserve Bank of India (RBI) who have scuppered the deal.

Q3 figures (Oct, Nov & Dec) could well be incorporated into a Capital Markets Day sometime in January.
I don't believe that H1 figures were good enough to generate much interest at the current time.

Hoping for a really good Q3 & more store concessions opening soon.

Thoughts guys? And what pricing price to we think we can get?

Ps FLFL have lost £9m of their £10 million investment thus far (because of their behaviour).

Alli will not let this fail at this late stage, especially after three successive Quarters of excellent growth.

He will not want to dilute his large holding either. I suspect the placing will be at a hefty premium to Fridays close price.

Well done to those that got in at those levels.

Wow, so many non holders posting today, looks like interest is increasing!

The front page of the Business section actually states that Koovs is looking to tap investors for a £6 million share placing.

The FLFL deal looks over.

To avoid massive dilution (again), Alli needs to raise at a huge premium & get heavily involved himself. Other Directors who have been sponging off the company need to contribute too.

A very interesting few weeks ahead with the company already stating that they will not go private & have a plan B.

We just need to await the placing price! Alli needs to make sure the professional relationship carries on with FLFL & NEVER to trust them again.

Convenient how he only put up what he wanted to put up!

This was priced to go bust, but a great balanced article.

We already knew about the crap stuff, but now we know he will not take it private & has a plan B (which is exactly what I wrote earlier).

I'm pleased with the article : ) which should remove a lot of the uncertainty here.

Koovs are best avoiding anything to do with getting money from FLFL, or in India at all.

The co CEO's of Sosander had no problem raising £7 million. They have very little City experience.

Alli has massive experience in the City, huge personal wealth & lots of contacts.

The longer he drags this out, the more damage to sales will be done as cash conservation measures kick in.

Now we know why Koovs took on the second Broker Canaccord Genuity on 3rd October. Price action has told us for quite some time that there was a problem with the second tranche of funding from FLFL. For whatever reason, FLFL have no intention of stumping up the 28.36p per share . That deal is dead & buried as far as I am concerned. It's just a pity that there wasn't more honesty on both sides.

It's no surprise that Whitman Howard are suspending forecasts, recommendation & target price. They organised the last placing at 15p. They could not approach any of their clients again! This has damaged their reputation. The reputations of Hardman & Co & Newgate Communications have also been tarnished.

Chairman Lord Waheed Alli has no choice now but to get the begging bowl out once again. Funding for this lot is getting harder & harder to come by & always at lower prices.

He will have to participate himself to avoid diluting his own holding. I hope he puts pressure on the other Directors to participate, or ask them to forfeit their salaries, otherwise they can do one!

Prior to the collapse, Koovs traded between 6p & 8p.

Any thoughts on an upcoming funding/ placing guys?

What I will say about The Jambon is that he's a thoroughly decent man & a genuine shareholder, unlike some of the multi aliased trolls who frequent these sites.

Some of us on here have met him at one of the General Meetings this year, where the non holding cowards obviously didn't turn up. We had great pleasure in exposing one particular full time troll, it was great! He is a very successful businessman, unlike the losers who mock him. He is a winner.

Koovs blocked him on Twitter for daring to speak out, just like on here, but The Jambon didn't give up!

He had the balls to go one step further & bring a voice to shareholders- watch this space!!

The red tape & bureaucracy in India is ridiculous.

Koovs didn't have a problem before with FLFL or HT Media.

Lord Alli needs to move forward fast now. I suspect that he has known about these problems for quite some time (price action never lies with Koovs) & has made alternative arrangements.

It's just a matter of time before he announces them!

The irony of all this is that FLFL are £9 million down on their £10 million investment because of this funding debacle that they have created for themselves. They need to take responsibility for this, instead of blaming RBI. They had the chance to pay up a long time ago, but dithered & delayed, then changing the terms & conditions of the deal on more then one occasion.

Alli has never failed at anything, after three successive Quarters of growth & Koovs on the verge after 6 years of graft, he will do whatever it takes.

He can't do another fundraise until he finds out what is going on with FLFL. He has already given them two weeks & they have done nothing.

Once Alli exhausts all avenues with FLFL (who are blaming RBI), then he can move onto other options.

I really hope that the other Directors will participate this time around, including the CFO Robert Pursell, who has yet to buy a single share in Koovs.

I still believe this will work out, hence why I have been buying.