Member Info for putneylad66

Brilliant line Jambon! Two choices here.... you can put your money on the horse that helped build asos or you can listen to 5 or 6 people from this board that have not built asos. I wonder who ex ASOS Chairman & now KOOVS Chairman Lord Waheed Alli has been in talks with over the last several months?? I mentioned Flipkart (Myntra & Jabong), Amazon India & Alibaba, all wanting a piece of the pie in the fastest growing major economy on Earth. Now America's Walmart is muscling in. They're all looking for high margin private labels. Lord Alli has invested Tens of millions creating the KOOVS FASHION LABEL. I personally believe that talks are coming to a conclusion now, especially as Nina Amin MBE, the big gun from KPMG started her new role last week. Can see this doubling or tripling within a very short space of time. Exciting times ahead!!

Mumbai: Walmart Inc is offering to double the valuation of Flipkart to about $20 billion for a large stake in the Indian e-commerce leader. The world's biggest brick-and-mortar retailer has sought a route to majority as it embarks on a renewed online push to take on Amazon in the US and across the world, people directly aware of the matter told TOI. Flipkart in bitter fight with Amazon Walmart could spend anywhere between $5-10 billion if the offer to buy a large stake finds favour with Flipkart, making it one of the largest cross-border deals in India, sources added.

Big news out of India M&A (Market & Acquisitions) on the increase in India- Walmart enters the online fashion scene, to take stake in Flipkart. Here's what Walmart buying a stake in Flipkart may mean for Amazon https://m.gadgetsnow.com/tech-news/walmart-may-double-flipkart-valuation-to-20bn-for-a-big-stake/articleshow/62830964.cms

I know exactly why this company needs money. It is all to do with scaling up growth in a nascent economy- the fastest growing major economy on Earth- the last great frontier of E commerce. Lord Alli did the same with ASOS nearly 20 years ago when the UK was an emerging E commerce economy. Nobody gave him a chance when ASOS hit 4p- now over GBP 70! MONEY IS NEEDED TO CREATE THE BRAND! I follow what is going on in India like a hawk. The KOOVS brand is now emerging rapidly on social media, revenues have picked up post demonetisation & GST (worth looking these up), margins have drastically improved. NINA AMIN MBE from KPMG has just come on board. That is why KOOVS is now at a pivotal point. Funding due to be completed very soon, so watch that short of yours- although I suspect this will not be the first margin call you have received.

Mbwana- have you heard anything from this lot recently. They have let this drag on for so long now!

This was the most important line, that many seem to ignore. Post results, overall performance has improved drastically. This is a very illiquid share, with very little in free float. Chairman Lord Waheed Alli (ex ASOS fame) is the largest shareholder. He will pull the rabbit out of the hat! With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP1.7m and website traffic up 43%.

All the following taken from Half year report- the clues are there!! At 30 September 2017, including both short- and long-term deposits, the business had access to INR 802.9m / GBP9.16m (30 September 2016: INR 667.9m /GBP7.74m) for the purposes of funding the business. The funds are held in term deposits or current accounts, mainly in India. Additionally, GBP5.90m (INR 516.8m) of marketing funds have been prepaid to secure significantly reduced media rates, and been recorded in the Statement of Financial Position under "Trade receivables, other receivables, prepayments and other assets". Year on year Trading Margin has been improved from 2% to 18% With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP1.7m and website traffic up 43%.

Opening a short at the all time low- what a genius investor! Expect a margin call within the two weeks - fact! Chairman Lord Waheed Alli I am more excited than ever about the companys long-term growth prospects. It is a credit to the team that in a flat market with high levels of discounting we have been able to increase our brand awareness and customer satisfaction at the same time as substantially increasing our margins. The Company remains in advanced negotiations and expects to announce the successful conclusion of this additional funding in due course.

The company refuses to make any statements as the share is at an all time low. The only two options left are a quick fire sell to a larger company with more resources, or to bring in fresh management who will get a grip of the finances & run this company properly, getting rid of failures CEO MARY TURNER & CFO ROBERT PURSELL, to join ROBERT BREADY on the scrapheap. Chairman Lord Waheed Alli & co founder Anant Nahata obviously have a big stake here & want to recoup some of their investment. I think there will be a fundraise which will give KOOVS some time, but ultimately, I believe the brand will be sold to either Flipkart, Amazon India or Alibaba.

To be honest, in a weak market, companies with ongoing concerns are going to be hit hard. With regards to faith in this company- I haven't any now. I have faith in what's going on in India with regards to growth & potential, but this lot have really screwed things up with regards to fundraising. They have repeatedly said that they are soon to complete funding. I don't believe them & wonder if they are breaking listing rules by not stating to the market that they can't raise any cash. They've been trying to raise cash since May 2017!! With the market cap at well below GBP 20 MILLION, they need a similar amount of cash for the next 18 months or so.

Indian consumers are more comfortable paying for electronics and fashion online: Shailesh Paul, VP and Head, Visa https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/indian-consumers-are-more-comfortable-paying-for-electronics-and-fashion-online-shailesh-paul-vp-and-head-visa/62788170

Cheap data and demonetisation have created an online shopping boom in India https://qz.com/1196550/cheap-data-and-demonetisation-have-created-an-online-shopping-boom-in-india/

Krystle D�Souza with over 3 million followers on Instagram strutting the Koovs Valentine collection https://www.instagram.com/krystledsouza/?hl=en

All the following taken from Half year report- the clues are there!! At 30 September 2017, including both short- and long-term deposits, the business had access to INR 802.9m / GBP9.16m (30 September 2016: INR 667.9m /GBP7.74m) for the purposes of funding the business. The funds are held in term deposits or current accounts, mainly in India. Additionally, GBP5.90m (INR 516.8m) of marketing funds have been prepaid to secure significantly reduced media rates, and been recorded in the Statement of Financial Position under "Trade receivables, other receivables, prepayments and other assets". Year on year Trading Margin has been improved from 2% to 18% With modest additional marketing spend, the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to GBP1.7m and website traffic up 43%.

Agreed, it looks like a double bottom on the chart. Remember that this is a very illiquid share with only about 30% in free float. The rest are tied up in very safe hands. So wild swings either way are very common. I'd say that all the bad news about KOOVS is out there now. Expecting a plethora of good news very soon which could see this double or triple in a very short space of time.

Hoping the rescue package will be announced soon. Nina Amin MBE from KPMG starts her new post today. Will be interesting to see who the new Investors are & at what price they are buying in at. At the end of the day, it is a DEBT FREE company with ever increasing margins & increasing revenues post financial update. Interesting to see the marketing has picked up with big name vloggers on Instagram promoting KOOVS & Bipasha Basu the Bollywood Actress with over 5 million followers on Instagram strutting about in a KOOVS dress. KOOVS now has 460,000 followers on Instagram & a tad under 2 million on Facebook.

I am more excited than ever about the company's long-term growth prospects. It is a credit to the team that in a flat market with high levels of discounting we have been able to increase our brand awareness and customer satisfaction at the same time as substantially increasing our margins. The Company remains in advanced negotiations and expects to announce the successful conclusion of this additional funding in due course.

The truth of the matter is that the Chairman Lord Waheed Alli left a couple of incompetent buffoons CEO MARY TURNER & CFO ROBERT PURSELL in charge of the flawed business plan & finances. Now they can't raise any money & are breaking all sorts of rules by not informing the market.

Strange how they got themselves into this mess, especially with the pedigree of management. Every day that passes is less money spent on marketing... which affects revenues etc. On the plus side, it sounds as if Nina Amin MBE was bought in to oversee financials here at the request of a major shareholder. I�m wondering if Chairman Lord Waheed Alli will have another management reshuffle. My money is on CEO Mary Turner & her sidekick CFO Robert Pursell being given the boot, to join Robert Bready on the scrap heap, losing all their share options too!

Make no mistakes now. The shoddy management here have let this fundraising round drag on since May 2017 with the share price dropping from over 50p to 12p, an all time low. There will not be a single shareholder who is up on their investment now. It is not a matter of fundraising now, but a matter of survival. Nina Amin from KPMG, a chartered accountant starts tomorrow. Anant Nahata, one of the founders & largest shareholders must be seething, as are all shareholders. As I said before, the CEO MARY TURNER has failed miserably here & tried to rely on her past reputation, always bigging herself up. Hopefully she will now resign & a more competent & dynamic CEO is found.