Member Info for putneylad66

So I was proved right that there was something wrong with the funding. My e mails have been passed on to the relevant people.
There was a problem way before the announcement last Friday. Price action told us that.
What has changed in 4 weeks with the RBI? The last small tranche went through ok!
Something doesn't add up here.
It's hard to know what to believe, especially after shareholders have been misled to for years by this lot.

The CFO Robert Pursell & CEO Mary Turner are the Laurel & Hardy of the Investing world. They just don't have the clout to close any kind of deal. Pointless having the Capital Markets Day- nobody will turn up- Zilch credibility.

They must now immediately resign & let young dynamic Indian entrepreneurs take over, people who know how to operate in India.

Nothing to really add

Hey Chinner- was in Mumbai not too long ago & stayed in the St. Regis in Mumbai- it was mental! Mumbai is not my favourite- far too busy & dusty, but have quite a bit of family over there.
Have you seen any evidence of Koovs anywhere? Many people heard of it? I saw a Cover Story shop in Phoenix mall or Palladium mall, can't remember which.

https://www.hindustantimes.com/india-news/indian-retail-market-to-touch-1-200-billion-by-2021-report/story-hVh5ViQiq3pGnFmQegjw9H.html

Indian retail market to touch $1,200 billion by 2021:
According to a FICCI-Deloitte report, the consumer markets are evolving rapidly with the help of technology in an environment where data is the new oil.

The Indian retail market will grow to $1,200 billion by 2021 and $1,750 billion by 2026, a FICCI-Deloitte report said, adding that the country’s e-commerce market is expected to touch $84 billion by 2021 and $200 billion by 2026.
“Growth is expected not only from large cities and metro but also tier-2 and tier-3 cities. Organised food and grocery sectors are expected to reach $75.1 billion by 2025 and online shoppers expected to increase from current 15% of the online population to 50% by 2026,” FICCI said in a statement quoting the report ‘Evolve for Consumer’.

Hi Kingedwards, I very rarely converse with fellow posters, but welcome onboard.
Yes I have connections with India & visit regularly. I like the story & potential & have strong views about management. Interesting that you say you have contact with Koovs & the PR firm- they ignore me lol!

You mention the Capital Markets day.

https://emperor.works/insights/why-your-capital-markets-day-is-an-important-ir-tool/

Capital Markets Days are a great opportunity to showcase your company and drive investor engagement.

Traditionally considered to be a deeper dive than your normal ‘results day’ presentation, the drivers for a CMD tend to be:
promoting strategic change or new leadership;
product development and innovation;
step-changes in business operation, such as new capability;
territory or transformational acquisition,

Christian Westphal the new Chief Creative Officer will be presenting. Anybody know anything about him?

The big fat online shopping frenzy
There is a growing demand for international brands such as H&M, Under Armour, and Mango, from tier 2 and tier 3 markets; e-tailers report 50% growth in sales from non-metros.

https://www.fortuneindia.com/bengaluru-buzz/the-big-fat-online-shopping-frenzy/103690

Very interesting to see that Koovs has added British fast fashion giant MissGuided to its range. A Golden opportunity!

https://www.koovs.com/women/brand/missguided

https://www.instagram.com/koovsfashion/

I have repeatedly asked Koovs & those around them to suspend the share. I have also written to the FCA asking them to inform the London Stock Exchange to force Koovs into making a statement.

Something is being leaked & I believe this to be market abuse.

Chinner- you're spot on.
The CFO Robert Pursell, the CEO Mary Turner & the Chairman Lord Waheed Alli have stitched up every single shareholder that has ever invested in Koovs.

Peel Hunt had enough.

There is clearly a problem with funding. I have had all my emails & phone calls ignored.

I have told them that if they CARRY ON withholding market sensitive information, I will pass on further information to the FCA. I have already sent proof that Koovs management have mislead shareholders about funding.

They have misled about this funding debacle before & I believe they are misleading again. I am taking legal advice & have already contacted the House of Lords Standards Committee about the behaviour of Lord Waheed Alli in this sorry saga.

I'm sorry to say that I believe they have totally screwed up the funding again.

This is why some of the biggest retailers/ e-commerce companies in the world have entered India.

Indian retail market will reach $1,200 billion by 2021 and $1,750 billion by 2026, a FICCI-Deloitte report said, adding that the country’s e-commerce market is expected to touch $84 billion by 2021 and $200 billion by 2026.

Koovs are in the right place at the right time. Could six years of building the brand finally pay off?

https://www.hindustantimes.com/india-news/indian-retail-market-to-touch-1-200-billion-by-2021-report/story-hVh5ViQiq3pGnFmQegjw9H.html

More publicity for the new Koovs collaboration

https://brandequity.economictimes.indiatimes.com/news/marketing/emoji-tuzki-makes-india-debut/71617199

Chinner, I have been critical of Koovs in the past, but am now extremely bullish too.

I personally can not see a company on AIM with the potential that Koovs have now. They are in the right place at the right time.
E-Commerce in India is starting to really take off (even with the slowdown in the overall economy)

The potential is huge!

http://www.koovs.com/corporate/

1.3 Billion population with 65% under 35
530 million people online (forecast to reach almost 820m by 2022)
491 million smartphones by 2022
Largest Facebook usage in the world by 30% (294 million)
In this rapidly emerging ecommerce market, fashion is punching above its weight with 25% of India’s ecommerce spend – $6.3bn in 2018. More than this, clothing is a gateway category, accounting for 25% of all first online purchases in India. Market analyst have forecast online apparel will grow at 30% CAGR to $14.7bn in 2022 and Koovs addressable market will reach $6.8bn by 2022.

A great video just out on the Koovs Instagram showing the new successful Manish Arora X Koovs range.

Also interesting to see followers pass 750,000 inc Koovsman ; )

https://www.instagram.com/koovsfashion/

Interesting to see that the reputable Whitman Howard gave a 20p price target for end of year.

Since then, Koovs have had Q1 growth of 104%

There could be increases in Broker forecasts, especially since Canaccord Genuine have also come on board.

https://bdadvanced.ipreo.com/filestorage/download/AZcEnIuwY6vHfWsVJzxsEpR0FPrBuLa6PvB0FX1XB3P2Pa3KcipLG8wr9y5v0plcx7x19Eye36bFdLlcSIBCtFht2I8RAksFdR_ex8zNFyd1ULUCuUuBstHuayQL1f7l6744C14UQQbO8mohhZobdxanCyWuW9QSeoew3jJ1yBaQ

A very interesting couple of weeks ahead with funding news & H1 Trading update followed by a Capital Markets Day.

Now gone from 37 products last night (womens) to 31

Yes Joe, very easy to see what products & sizes are being sold out on the website. The collaboration is proving to be very successful. The Manish Arora Paris X Koovs Applique Sequin Denim Jacket retails for 4499 rupees. That's a large ticket item for Koovs (£50). S, M, L & XL are now totally sold out. Only XS remains on the App.

Looking at the APP, the new Manish Arora collection is already a massive success! Many sizes already sold out after a few hours!!

Joe, that was a delayed trade, probably from two hours earlier as a Buy at 1506 when the share price jumped. The Ask was at 5.20 at the time.
Lots of buys today. I'm calling this the bottom.

Funding news at 28.36p followed by a decent trading update will get this back to the last 15p placing price

Chinner, Koovs are holding a Capital Markets day on October 29th to get the word out & tell Institutions/ analysts where they are on their journey to becoming India's top leading western fashion destination.

They announced this on Oct 3rd, when they already knew what their H1 trading figure were.

H1 trading update definitely before then. They wouldn't have bothered with the presentation if figures were bad.

So there will be a trading update before then.

What concerns the market is the latest funding round. They really need to get this sorted.

Yes Joe, the vast majority of trades were definitely buys. It's such an illiquid stock at the moment, so the mid price is being manipulated very easily. Very little interest here at the moment.

Volumes are very low, most who have traded this stock in the past have been stung & just keep away. Even Koovs acknowledges that this just spikes & gets sold into.

If there will be any major interest, it will come on trading & funding news. Looks like most traders/ Investors aren't confident about the funding, which isn't a surprise, considering how the management here keep changing the goalposts.