Member Info for putneylad66

Very Heavy Director & Institutional ownership. Lord Waheed Alli owning 34 million shares, over 20% of the company. http://www.koovs.com/corporate/shareholder-information

As I said before, If you can't understand what is going on in India, it's not worth getting involved. I haven't got the time to give an economics lesson re demonetisation & GST (Goods Service Tax) & how it affected the sector. What I do know is that India is the fastest growing major economy on Earth & the last frontier of E commerce in the world & that Koovs is in the right place at the right time. Koovs made significant improvements in the second half re growth & margins (again you mislead). It is at a pivotal point & has expanded internationally- Middle East via Souq.com & UK via Simply Be (to be announced shortly). I have a lot more faith in Chairman Lord Waheed Alli, than any armchair trader on here. Funding to be announced soon- let's see who has the last laugh son : )

Peel Hunt have been extremely accurate with Boohoo (LON:BOO) & many other companies. They are highly regarded.

At least get your facts right before posting on here. Peel Hunt did have a BUY rating 80p target on here. The rating is 'under review'. A new note will be out after the funding round has closed. As I have stated before, money is NOT running out. A few lies being spread about Koovs financial position. Just to clarify. As of 30th Sept 2017, GBP 5.9 million has already been PREPAID for marketing (at a reduced rate). The company ALSO HAS GBP 9.2 million cash

Sorry, you just can't compare Next with Koovs. Koovs operates in India for a start. Unlike Koovs, Next is a professionally run business that has regard for it's shareholders. Next doesn't mislead it's share holders (Koovs delaying funding by over 7 months). I've spoken to several other shareholders who have told me that not only are Peel Hunt refusing to talk to anybody, But Koovs are refusing to reply to share holders. I can only assume that they are busy preparing some sort of statement for tomorrow. Rns at 7am me thinks : )

Sorry, I'm not into hindsight trading, whataboutery or whatifery. You're better off going back to Hindsight.com. Thanks for your input & thank you for your assistance.

With the market cap just over GBP 20 million now & the company clearly struggling to complete funding (first announced in May), Koovs looks ripe for a takeout by either Flipkart (Myntra & Jabong) or Amazon India. The management here have badly let down shareholders with the Funding debacle. I wonder if management are breaking any listing rules by not declaring the obvious problems that they are having with Fundraising.

Although many positive noises from Chairman Lord Waheed Alli & Koovs management, still no funding news (first mentioned in May). Has anybody heard anything from them as the share price continues to plummet to all time lows. Peel Hunt refusing to speak to retail traders, will only speak to Funds/ Institutions, although they don't seem very impressed with the delay in Fundraising. Koovs secretarial can be contacted on company.secretary@koovs.com it will be CFO Robert Pursell.

Yes the graph is terrible! But only a fool will trade on technicals with such an illiquid stock. I only use technical analysis for a few FOREX pairs, Indices & heavily traded equities at certain times of the day, on particular days. Very naïve amateur 'traders' use technicals for these kind of stocks. When looking at these illiquid stocks on AIM, you're better off looking at the pedigree of management, which is top notch on here! Experience comes with time : )

Having spoken to senior members of the board in the past, it's clear that Demonetisation & GST set them back probably a year. I was also reminded that when Chairman of ASOS, Lord Waheed Alli saw the share price drop to 4p. He then took it to over GBP 20!! He'll do it again. The prize in India is too big to pass. He also has a reputation to uphold, as does CEO Mary Turner, who has never failed at anything. Remember that she doesn't even draw a salary here, taking options instead.

Free float As far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 68.7%. It works both ways, very little trading can shift this dramatically. Unfortunately, many who bought in here didn’t understand demonetisation or GST (Goods Service Tax). The results were NOT company specific. It is clear that e commerce in India has now moved on. I have more faith in ex ASOS Chairman & now Koovs Chairman Lord Waheed Alli than the majority of retail traders. As Alli has pointed out, funding will be completed soon. I expect the Peel Hunt revised note will be published soon after. As CEO Mary Turner points out in the following article, they waited patiently to ‘pivot’. They are now at that inflection point. https://www.google.co.uk/amp/s/www.managementtoday.co.uk/amp/meet-woman-running-indias-answer-asos/leadership-lessons/article/1437346

Overtaking China, India is now the most dynamic market with a rapidly expanding economy and a consumption boom, says a recent report. The conditions for retailers in India are favourable and will continue to provide strong fundamentals. The GDP is forecast to grow 7.6 per cent in 2018, helping the organised retail to double in size by 2020 In terms of both size and momentum, Asia is the driving force behind global retail and the expansion of apparel, fashion, and luxury, branded food and beverage, personal care products. Relaxed rules for foreign direct investment (FDI) in key sectors have improved the ease of doing business in India, says 2017 Global Retail Development Index report by AT Kearney. Government efforts to boost cashless payments (witnessed in the recent nationwide demonetisation exercise) and reform indirect taxation with a nationwide goods and services tax (GST) are also expected to accelerate adoption of modern retail. Online retail is projected to grow 30 per cent annually and reach $48 billion by 2020, driven by high promotional activity and payment solutions such as cash on delivery. Lifestyle products such as apparel and shoes are among the most popular online categories http://www.fibre2fashion.com/news/apparel-news/india-tops-at-kearney-s-global-retail-development-index-239778-newsdetails.htm

The expansion of online retail is likely to accelerate next year, with the market projected to increase by as much as 60% to $28-30 billion in GMV, according to RedSeer estimates Dec 28th 2017 Bengaluru: After nearly 18 months, Indias e-commerce market finally picked up sharply in the second half of the year. The market showed very strong growth in the second half of the year and we expect that to continue in 2018, RedSeer chief executive Anil Kumar said. It wasnt just that sale months were (better than the year-ago period), even the non-sale months in the second half were much higher than H1. So there are enough signs that the market should see very high growth next year. Overall, company executives and analysts expect the e-commerce market to accelerate sharply next year because of faster internet connections, improving comfort levels with internet usage, discounting and advertising by e-commerce firms and other factors. RedSeer has estimated a jump of 60% in e-commerce in 2018. The primary factor behind the bullish estimate is that the firm expects the number of new online shoppers to increase significantly after two years of near-stagnation. http://www.livemint.com/Industry/L3FaecLqkboxHe0G5d8dxJ/Online-retail-industry-grows-23-to-178-billion-report.html

Let's hope so. Lord Waheed Alli had the same doubters when as Chairman of ASOS, the share price went down to 4p. He took it to over GBP 20 in the coming years, now it's nearly GBP 70! They knew the figures for the first six months were going to be poor (demonetisation & GST), hence I suspect the Investor(s) wanted to hold out. I can see a completion of this in the New Year, coinciding with a 3 month trading update for October, November (which was pretty good) and December. Hopefully this first quarter will show growth, compared to flat revenues in the first half. Probably an announcement re Simply Be and their UK launch too.

Those figures from the Half Yearly Report that most didn’t bother to read in full. The industry now bouncing back- Flipkarts Myntra & Jabong recently posting good figures. Chairman Lord Waheed Alli: I am more excited than ever about the company's long-term growth prospects. Just to note that the market cap is now under GBP 25 million!! Also Koovs have recently started to sell on the Middle East’s largest e commerce platform- Amazon owned Souq.com which will also impact 2nd Half revenues positively. They have bounced back strongly in the 2nd Half

A few lies being spread about Koovs financial position. Just to clarify. As of 30th Sept 2017, GBP 5.9 million has already been PREPAID for marketing (at a reduced rate). The company ALSO HAS GBP 9.2 million cash. Thank you for your assistance.

When this is announced, there WILL be a massive bounce- hugely oversold! Only a matter of time “advanced negotiations” Chairman Lord Waheed Alli: The Company remains in advanced negotiations and expects to announce the successful conclusion of this additional funding in due course. Watch them all pile back in once this is announced!

The ex-ASOS Chairman here Lord Waheed Alli has too much at stake for this not to work, both financially & reputation wise. The GBP 10 MILLION in funding will be agreed soon (although I very much doubt anywhere near the 40p as the rest). They are in advanced negotiations- an announcement very soon.......

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 GBP 1.7m and website traffic up 43%. Hopefully, once funding is sorted out, marketing spend can continue & Koovs can move forward.

cyrilG, good points there- just wish they'd hurry up & sort the funding out, otherwise they can't increase market spend. Good to see this finished flat- great result after that shocking start.