Member Info for putneylad66

Great to see India bouncing back after the short term blip with demonetisation & GST. The e commerce sector was hit hard, but is now recovering well. India is the fastest growing major economy on the Earth & the last frontier of e commerce. There's a huge prize waiting & it's no wonder that Amazon, Walmart & a plethora of e commerce companies are queuing up to enter India.

Jambon, not worth getting into dialogue with these guys. They offer very little & just want to disrupt the thread, having lost their shirts here previously. Laughable how he thinks he can use technical analysis on a lightly traded illiquid share like this. Trust me you can't! I'm a seasoned FOREX trader & only trade a couple of currency pairs & indices at certain times of the day. Anyway, back to KOOVS.....

I agree, can sell plenty!! They obviously want the shares for the next leg up. Isn't it funny that these characters were nowhere to be seen when this rose over 200%. The main character has been banned from numerous threads, blaming other investors for his losses after buying in at the IPO of 150p. He then started shorting at 5p lol!

Until funding is sorted out, this is just going to be 'traded'. Current price action suggests a fundraise at circa 15p, well short of the 25p that Koovs are looking for. One has to question why this is taking so long, well over a year now & blame must be pointed at senior management, especially at the current CEO MARY TURNER, who has failed to raise a penny from existing Institutions in that period. India is full of young, dynamic & forward thinking talent, especially in the e commerce sector. Koovs needs to appoint some young blood based in India. Mary Turner has zilch credibility over there, hence why nobody has been interested in what she has to say. She has run her course & failed miserably. Just could not back up her big talk. This is why in my opinion, when a new Investor comes on board, she will be gone & the company can finally move forward. With the summer season in full swing, Koovs should be promoting heavily, but do not have enough money to do this.

The e-tailing industry witnessed good growth across the key categories, with the fashion category witnessing a growth of 18 per cent. Growth potential is huge in 2018 with fashion as one of the preferred categories for new shoppers, says the report. http://www.fibre2fashion.com/news/apparel-news/indian-e-tail-industry-grew-20-in-h1-2017-redseer-242377-newsdetails.htm

With US companies like Amazon & Walmart vying for a piece of the Indian pie & Europeans like h&m & Zara entering the game, I'm surprised that there is not much UK involvement YET! I am looking for the likes of ASOS & BOOHOO to enter the frame very soon in India, the fastest growing major economy on Earth & the last frontier of e commerce.

With an online population of 500 million in 2017, India has one of the fastest growing internet populations in the world. A compound annual growth rate (CAGR) of 13 per cent will take the number of online users to 720 million, close to where China is currently. Large potential: Those which have grown to a good market size but have very low online penetration. And hence there is huge growth expected here Groceries Fashion E-tailing http://wap.business-standard.com/article/companies/indian-e-commerce-industry-is-expected-to-cross-100-billion-mark-by-2020-118051801480_1.html

Hard to believe that Funding talks have now been going on for a year! There are obviously major sticking points. The main one I believe is the price. Koovs want 25p per share. The new Investor wants a lot less. The other main issue in my personal opinion are Director seats. I would not be surprised if the new Investor wants the incompetent CEO Mary Turner out. She exaggerates & clearly waffles. She talks the talk, but can not walk the walk. She did not deliver regular trading updates & even now thinks everything is ok. For the company to progress, she needs to go.

Classical analysis would suggest some profit taking, then a jump to the 18p level where there is a lot of clear air on the chart. Watch & learn!

Pascha 'Classical analysis would suggest that this go will now retrace back to 7-8p. If it does will top up at that Point.' Oh dear! What can I say? Why did you not top up at the 5p levels? This is exactly why 99% of punters on AIM actually lose money. Myself & Director Nina Amin MBE were adding at the 5p/ 6p levels. The clues are all there.......

Indias untapped e commerce potential worth �53.92bn Indias online retail market, however, remains largely untapped. According to data from market analyst Forrester, the Indian online retail market generated USD$20bn (GBP 14.77bn) last year and accounted for just 2.4% of the countrys overall retail industry. By 2022, the local online retail market was expected to hit USD$73bn (GBP 53.92bn). https://www.retailtechnews.com/2018/05/10/walmart-eyes-india-e-commerce-potential-with-flipkart-acquisition/

A premature IPO in 2014 at 150p. The Indian online fashion brand was created from scratch. Fundraising at 25p, then 50p. The management headed by CEO Mary Turner wanted to scale up growth in the nascent e commerce industry by spending millions on the brand, technology, product & design. Triple digit growth was abruptly stopped by Demonetisation & Goods Service Tax (GST). The sector & economy are back on track with India now the fastest growing major economy on Earth circa 7.5%. It is the last frontier of e commerce where all the big guns Amazon, Alibaba, Walmart etc want a slice. Tiny little Koovs (LON:KOOV) is trying to do it alone. Chairman & ex ASOS boss Lord Waheed Alli is the largest shareholder. Has stated he wants GBP 50 Million, starting with GBP 23 Million, which is needed now. Has recently stumped up GBP 1.5 as an interim loan & new Director from KPMG Nina Amin MBE recently purchased shares. Hardman & Co recently published detailed analysis hinting at a placing at 25p & can see Koovs becoming a Billion pound company in a few years. http://www.hardmanandco.com/docs/default-source/company-docs/koovs-plc-documents/01.03.18-poised-to-clean-up-the-emerging-asos-of-india.pdf The current low share price is indicative of no funding taking place.

Morgan Stanley estimates that over 50% of India's internet users will buy products online by 2026 up from just 14% in 2016. India could also overtake Japan as the world's third-largest economy by 2027 according to a recent report from The Economist Intelligence Unit. That growth, which will be supported by the country's expanding middle class, could make the Indian market as attractive as China today. Therefore it's essential for companies like Walmart and Amazon to plant roots in India before the economy takes flight. https://www.fool.com/investing/2018/05/01/walmart-vs-amazon-who-will-acquire-indias-flipkart.aspx

No wonder Amazon, Walmart, Alibaba etc etc want a piece of the action in India, the fastest growing major economy on Earth & the last frontier of e commerce Internet penetration in India is still relatively low compared to developed countries, which creates long-term opportunities for Amazon, Chaitoff said. A country with over a billion population and a growing middle class is exactly where Amazon needs to focus in order to maintain its global momentum. http://qz.com/1263012/amazon-leads-over-flipkart-in-indian-e-commerce-but-the-gap-is-narrowing/

There was a trading update due in April, just a summary of the last trading year, but they reiterated all this in March, so doubt if anything will be released on Monday. This week Koovs have been undergoing a systems upgrade at their warehouse in Gurgaon, Delhi. This is to ensure a more efficient service. Just goes to show how this company is moving forward. Remember that they have invested over GBP 70 Million on the brand, design, production, operations & technology. Will ex ASOS boss Lord Waheed Alli let this fail? I know what the answer is & look forward to seeing who the new Investor will be : )

India to reach 500 million internet users this June. The convention organisers also determined that by 2020, India will have an estimated 702 million smartphone users, predominantly using their devices for online shopping. https://www.techsourceint.com/news/india-500-million-internet-users-june201

The Indian economy is witnessing a cyclical upswing and the country is likely clock a GDP growth of 7.5 per cent this financial year, says a Deutsche Bank research report. https://m.businesstoday.in/story/india-gdp-75-per-cent-economic-growth-fy19-deutsche-bank/1/275840.html

Indias economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the temporary drag from demonetization and the goods and services tax fades away, Fitch Ratings forecast. https://financialtribune.com/articles/world-economy/85454/fitch-says-india-s-gdp-will-grow-73-in-current-fiscal

India is the next big prize after US and China, and this deal will give Walmart a substantial foot in the door. Amazon is, meanwhile, focused on the prize, a rapidly growing number of Indians buying online. https://m.economictimes.com/industry/services/retail/flipkart-walmart-deal-what-it-means-for-the-etailer-and-the-whole-industry/articleshow/63955038.cms

I am not even looking at Koovs failing, hence why I have been adding from 5p & on the dips. I have had a lot of correspondence with Jason Streets of Hardman & Co, also with the management of Koovs all the way up to the Chairman Lord Waheed Alli. I am extremely confident in their plans for the company. This is just a short term blip caused by Demonetisation & the Goods Service Tax (GST). I believe that shareholders will be massively rewarded........