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Interview video with Chairman Lord Waheed Alli Will probably need 22-23 million pound this year: Koovs Demonetisation was a huge blow to the ecommerce space, but things are looking up now. That�s the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18'S Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year. https://www.moneycontrol.com/news/business/companies/will-probably-need-22-23-million-pound-this-year-koovs-2524889.html

Just couldn't make it up! Some comedian comparing an Indian online vertical player (KOOVS) to British bricks & mortar companies LOL!! That's the problem with AIM! This is an extremely illiquid stock. Potential future Investors couldn't buy much on the open market with 70% of stock tied up in safe hands. I certainly don�t like what has happened over the last year, all to do with demonetisation & GST. If Investors do not understand demonetisation or the Goods Service Tax (GST) & how it affected the fastest growing major economy on Earth, It is not worth getting involved. All is now on track, funding will be sorted (GBP 23 million). Lord Waheed Alli will not let this fail, he has too much at stake, both financially & reputation wise- he'll be finished.

If Investors do not understand demonetisation or the Goods Service Tax (GST) & how it affected the fastest growing major economy on Earth, It's not worth getting involved. All is now on track, funding will be sorted (GBP 23 million). Lord Waheed Alli will not let this fail, he has too much at stake, both financially & reputation wise- he'll be finished.

Nice 300,000 BUY today. Trading update in a few weeks. All the rubbish news has been priced in now. If they could beat the poor numbers that they have predicted, it will be a massive boost. Have witnessed some pretty decent BUYS recently......

Q5: It sounds pretty positive so why are their shares hanging around the 6p mark? A5: Quite simply, it needs to raise money to fulfil its ambitions and it needs to raise a lot of it. In its statement on 1st March, it said it was looking to raise up to �50 million and in the meantime, it has had to cut back severely on its marketing and its range of clothing to conserve the cash it has left. This has had the inevitable but unwelcome effect of sending sales backwards and that has made raising the money harder. Q6: Ok, doesn�t sound good. Why have they left it so late to raise money? A6: They were wrong-footed by the Indian government, as indeed was the whole of India. In November 2016, the government announced overnight that 83% of the currency was no longer legal tender, people had to take their 1000 and 500-rupee notes to the bank to be changed for new ones and there was a limit to how many you could change in one go and the queues were massive. So, consumer spending went heavily into reverse, confidence was damaged, and life was very tough for all retailers of every sort. In the long run, this will prove to be a positive move for the economy, but the repercussions were felt for many months afterwards and that was precisely when they were looking to raise money. Q7: So how do you value the shares for Koovs now then? A7: Well, with great difficulty. Investors have to look at them as an option on the company raising money, if they fail to raise the money then the shares will likely be worth very little or nothing at all. On the other hand, if they do manage to raise the money then the shares become a very valuable play on the very exciting Indian e-commerce market, in our view. Putting numbers on it specifically is very tricky as are so many variables, not least of which is the price at which any new money is raised and therefore the level of dilution existing shareholders would suffer. Now, in our report we have done various scenario analyses and on one of them, our central scenario, sees the shares worth 90p, assuming the money is raised and that�s assuming they raise all �50 million at 25p per share.

Q&A with Jason Streets Analyst at Hardman & Co: Koovs PLC (LON:KOOV) Koovs PLC (LON:KOOV) is the topic of conversation when Hardman and Co�s Analyst Jason Streets caught up with ************* for an exclusive interview Q1: I wanted to talk to you today about Koovs, can you describe the company for us? A1: Koovs sells western fashion into the Indian market, it only operates online and is aiming to provide affordable but aspirational clothing to 18-30 year old Indians. The clothes are designed in London, this is a key selling point, but everything else is done in India; the buying, the merchandising, marketing and, obviously the distribution. Q2: So, is India an attractive e-commerce market then? A2: Well, we think it is, but it will be much more so in the future, currently only about 30% of the population is online and only 1% are active online shoppers but the Indian government is very keen to get the internet to every Indian household, to every Indian, and to get them online and having bank accounts. The mobile phone companies there are busy expanding and upgrading their networks as most access to the internet is through mobiles but there�s still a long way to go. Also, it takes time before new users to the internet have the confidence to order things online but when they do, what we find is that clothing is the first-choice purchase for nearly 30% of them. Q3: Does that mean then that Koovs is well positioned to benefit from this growth? A3: We think so, even though it is a small company it has actually been growing its brand awareness in India very strongly in the past 2 years and its Net Promoter Score, that is the judgement of how good it is as an operator, is the highest in the clothing sector even higher than the giants Amazon and the Indian equivalent of Amazon, Flipkart. Q4: How can it compete with the likes of Amazon and Flipkart though? A4: In most e-commerce markets around the world, what we find is that the field splits into three: You have one or two giant marketplaces just like Amazon that take something like 80% of the business. You then have some bricks and clicks players, that�s the offline shops with an online presence and they typically take around another 5%. You have vertical specialists, just like Koovs is in clothing or as indeed Asos is here in the UK, and they take around 15% of the market. Now, 15% of the total market is plenty for Koovs to make serious money. I think there�s another point, it doesn�t actually compete head-on with Amazon and Flipkart, it sells primarily its own-brand fashion which is clearly unavailable elsewhere and it also steers clear of the low-end commodity market like plain T-shorts. At this stage of development, the giants are actually Koovs� friends, they are the ones who are building out the distribution infrastructure and also bringing masses of people online to shop through their promotional activities. Q5: It sounds p

The 'Voice of Asia' report of Deloitte predicts a faster than expected growth for Indian economy against the backdrop of increasing crude oil prices and volatile market conditions. The improvement in domestic conditions is a positive sign that growth is picking up and will continue to maintain strong momentum in 2018, retaining India's position as the 'fastest growing large economy' in the world, a statement said. https://m.businesstoday.in/story/indian-economy-to-witness-faster-than-expected-growth-in-2018-deloitte/1/272528.html

India�s GDP growth deceleration below 7% in the last four quarters was an aberration due to temporary disruptions caused by demonetisation and the GST, but it has bottomed out and should revert to the trend growth rate of about 7.5%, the World Bank said in its half-yearly India Development Report. http://www.financialexpress.com/economy/10-numbers-from-world-banks-india-development-report-growth-stable-now-watch-out-for-these-points/1098902/

The Indian economy is likely to recover from the impact of demonetisation and the GST, and growth should revert slowly to a level consistent with its proximate factors that is, to about 7.5 per cent a year, the report said. https://www.google.co.uk/amp/s/m.timesofindia.com/business/india-business/world-bank-projects-indias-fy19-gdp-growth-at-7-3/amp_articleshow/63300619.cms

Adah Sharma talks about all things style and fashion during the latest Filmfare X Koovs Campaign https://m.filmfare.com/news/bollywood/adah-sharma-talks-about-all-things-style-the-latest-filmfare-x-koovs-campaign-shoot-27060.html

I've a feeling one of the following Non Exec Directors bought those 500,000 shares. Anant Nahata, aged 31 � Non-executive Director Mr Nahata joined the Board in 2013. He represents the Nahata family interests in Koovs and is also Managing Director of Exicom, a leading telecom infrastructure business in India. Mr Nahata has investment banking experience with Credit Suisse, having worked in Singapore and New York. He holds an Economics degree from the University of Pennsylvania, USA. Dame Gail Rebuck, DBE, aged 63 � Non-executive Director and Senior Independent Director Dame Gail Rebuck joined the Board in 2014. She is Chair of Penguin Random House UK and sits on the company�s Global Board of Representatives. She was Chair and CEO of Random House from 1991-2012 and a Non Executive Director of BskyB from 2002-2012.She sits on the General Management Committee of the Board of Bertelsmann. Dame Rebuck also chairs the Cheltenham Literature Festival and the Quick Reads charity. She is a Trustee of the National Literacy Trust and on the Council of the Royal College of Art, taking a particular interest in their fashion department. Emily Sheffield, aged 41 � Non-executive Director Ms Sheffield joined the Board in 2014. She is deputy editor of British Vogue and works on a wide range of projects within the magazine. More recently Ms Sheffield has also become editor of Miss Vogue, Vogue�s new bi-annual magazine for teens. Ms Sheffield began her career as a journalist at the Guardian newspaper after winning the Guardian student journalism award and then worked for a variety of publications, including the Evening Standard. She spent 18 months living in Los Angeles freelancing for British publications and was previously creative consultant for Jigsaw. Nina Amin, aged 59 � Non-executive Director Nina is joining the Board in February 2018. She is currently Head of Asian Markets at KPMG UK and was awarded an MBE in 2013 for services to the Asian Business Community. Nina is a Chartered Accountant and was appointed a Partner at KPMG LLP in 2004. She has more than 25 years of experience in providing commercial, tax and financial advice across a broad range of areas. Nina is also a Vice Chair of the Trustee Board of LEPRA and a Board member of TiE London Ltd, a not for profit organisation supporting entrepreneurs.

Interesting interview out from Hardman & Co, reckons if full amount is raised, shares could be worth 90p!! Https://www.***************************/interview-koovs-plc-hardman-co-analysis/412747243

Interesting interview out from Hardman & Co, reckons if full amount is raised, shares could be worth 90p!! https://www.***************************/interview-koovs-plc-hardman-co-analysis/412747243 The clues are all there.....

500,000 buy wasn't from a small time punter. Someone is in the know- probably a Director!

A very confident Lord Waheed Alli So, do I back the lion who took ASOS from 4p to over GBP 20 in a few years (now GBP 75), or the donkeys that post on bulletin boards? mmmm..... Looks like a 25p placing on the cards very soon, why else give rare interviews, why else would Directors buy shares, why else would top Bollywood stars be involved with this company, why else would top analysts from Hardman & Co travel to India? The buys will continue tomorrow ; )

Koovs to raise 23 mn pounds in next few months New Delhi, Mar 11 UK-based online fashion player Koovs plc is looking to raise about 22-23 million pounds this year to accelerate its growth plans and expand presence in the Indian e-commerce market. Koovs, which sells affordable western fashion in India online, has already invested about 70 million pounds in the business. We will need up to GBP 50 million to fund our acceleration plan. This will be done in tranches. This year, we are looking at about GBP 22-23 million, which we expect to close in the new few months https://m.timesofindia.com/business/india-business/koovs-to-raise-23-mn-pounds-in-next-few-months/articleshow/63258018.cms

Interview video with Chairman Lord Waheed Alli Will probably need 22-23 million pound this year: Koovs Demonetisation was a huge blow to the ecommerce space, but things are looking up now. That�s the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18'S Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year. https://www.moneycontrol.com/news/business/companies/will-probably-need-22-23-million-pound-this-year-koovs-2524889.html

Float price was actually 150p, but all irrelevant now. Spookytooth- I assume Lord Alli is very excited about the potential in India. Did he say much about Koovs?

Yes there will be dilution. Looking to raise GBP 50 MILLION AT 25p, that is 200 Million NEW shares. Look at the figures on page 1 of this analyst report & the number of shares. They clearly state on more than one occasion that cash will be raised at 25p. 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 I have read the report inside out & had correspondence with the analysts. They are very upbeat!

A clear signal has been sent by the management here. Do not worry about Chairman Lord Waheed Alli. I do not think he will buy on the open market. He is looking at taking a chunk of the new shares, I predict at 25p along with other established & new Investors. It will be interesting to see who the new Investors are. Hardman & Co reckon a GBP 50 MILLION investment now could yield a GBP BILLION company in a few years!!