Member Info for TalygarnTom

https://www.cnbc.com/2019/01/29/amazon-new-middle-east-marketplace-rivals-souq.html

https://www.trackalytics.com/facebook/fanpage/koovs/

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

Pashca - can you please clarify something. Your wrote the following on the LSE AEG bulletin board on Tuesday at 15:34. " Quite possibly Ruffer LLP - they are leaving the AIM market I have heard and their website indicates that they are changing their strategy so yes I expect a threshold RNS to be released over the week."

Is this true? Do you have anything you could point me to that would backup this statement.

Much obliged.

Forecasts unchanged. Our 2018E adjusted EBITDA forecast of $43.2m is unchanged
(adj. EPS 12.7c). This implies adjusted EBITDA in H2E of $22.3m, equivalent to 55%
of our FY18E target. This broker does not include future acquisitions in its forecasts. H2E
is the seasonally stronger half for XLM because of the higher volumes of winter
betting and greater time spent indoors in the northern hemisphere. This will be
marginally more pronounced this year with its core markets recovering in activity. A
2018E EV/EBITDA rating of 5.7x does not price in any recovery. Buy.

Have we heard anything about the collaboration with Pristine Stone in the US? Has anyone seen any US import documents?

https://www.investegate.co.uk/fox-marble-holdings--fox-/rns/3-year-agreement-signed-with-usa-distributor/201708100700075923N/

http://pristinestonenyc.com/

Looks friendly! https://twitter.com/haradinajramush/status/1082643254162739201

https://twitter.com/haradinajramush/status/1082661056168845312

Happy new year all.

putney - I think this is a fair question and certainly one that the BOD at Koovs will have to address at some point along with the overall strategy for the brand given the investment from Kishore Biyani.

From what I have read Cover Story was set up with a very similar MO to Koovs (London based design etc.) to create an Indian version of Zara but with the difference being that it generates the majority of it's revenue through physical stores. https://in.fashionnetwork.com/tags-cover-story

Of course, the common link now is the involvement of Avni Biyani with both Cover Story and Koovs.

"The company also announced the appointment of Avni Kishore Kumar Biyani as Non-Executive Director with effect from January 1, 2019. Biyani is a director of Future Lifestyle Fashions Limited, a significant shareholder in Koovs plc and part of India's largest retail business Future Group. She is also a director of Future Ideas Company Limited, Surplus Finvest Private Limited, Future Capital Investment Private Limited, Hain Future Natural Products Private Limited and Mibelle Future Consumer Products AG. The company said, she has been closely involved with the conception and launch of Future Group's fashion brands such as Cover Story, and is the founder and concept head of India's gourmet chain Foodhall, which is also part of Future Group."

With regards to the Cover Story progress the numbers were outlined in this article from July 18.

https://www.livemint.com/Companies/G9vJ0t8iUBOZ4oyusnXrdL/Future-Groups-Cover-Story-brand-eyes-100-crore-in-sales-th.html

I'm not sure if this is responsible for the share price movement in recent days.
https://www.thetimes.co.uk/article/online-casinos-fined-14m-in-crackdown-on-problem-gambling-bbgxpjnqb?utm_medium=Social&utm_source=Twitter#Echobox=1543489376

Sorry Joe, I just noticed it on Twitter. It looks like an odd thing for him to say but it confirms my suspicion that they are planning a significant roll out of the retail concept in a similar fashion to the Cover Story brand and to competitors like Limeroad. I think they are setting something up here to really make the City investors sit up and take notice. Biyani is not in this game for a few million.

0.45 Did he say retail expansion and domination? Is Mary playing with us?

https://twitter.com/mykoovs/status/1062670480002441219

https://www.indiaretailing.com/2018/06/29/whos-who/manjula-tiwari-ceo-future-style-lab/

This is a useful article for those that have not seen it. IMO Cover Story, a new Future Group brand also run from a London office, was set up using a similar approach to Koovs. I wouldn't be surprised to see these two brands fused together on a retail basis as they are basically intended to meet the demand for western fashion. It is worth noting the retail strategy here.

https://www.livemint.com/Companies/G9vJ0t8iUBOZ4oyusnXrdL/Future-Groups-Cover-Story-brand-eyes-100-crore-in-sales-th.html

Does anyone have any idea roughly what percentage of IQE revenue is indirectly related to Apple as the end customer?

#gonefishing

Putney - I'm inclined to agree with your assessment of Mary Turner, the only positive is that she is being paid in shares.To the contrary her main counterpart at Limeroad, Suchi Mukherjee, has done a very good job.

At the moment Flipkart and Amazon india dominate the sales of online fashion, primarily because they have thrown colossal amounts of money into the tech land grab during the early stages of e-commerce in India. The key question now is who will materialise as the third largest player because for Future Group to meets its own investor expectations, it really has to be them and I think that is why they have moved for Koovs now. I think they may be trying to get ahead of Limeroad in the race for third place.

What Koovs have to do above all else is to get back to strong sales growth, either online or offline and making further progress toward break-even. If they can do this then given speed at which the e-commerce market is developing they should do very well. Fortunately, Future Group are a formidable partner in the process and I'm sure they have a very clear idea what they want to do with the business.

https://www.fortuneindia.com/enterprise/were-in-the-business-of-dopamine-limeroad/102017

https://www.indiaretailing.com/2018/01/31/fashion/limeroad-plans-offline-retail-expansion-3000-stores-next-3-years/

https://www.bloombergquint.com/business/this-is-why-amazon-hasnt-beaten-flipkart-in-india-yet

It would be nice if Koovs products branded or unbranded found their way onto the Amazon India platform.

https://amzn.to/2Qfqz39

That really would be rocket stuff given that they get nearly 400m visits per month. Not forgetting they already have a relationship with Souq.com which is an Amazon company.

https://souq.link/2SFWw6q

The note is dated today, 1st November.

WH Ireland just published a comprehensive 24 page illustrated note available via Research Tree.

"This plan, coupled with the considerable economic returns expected, and the certainty of a significant part of the revenue over commissioning, make this project a compelling investment for the longer term. We set our risked fair value at 49p/sh (60p)."

"Our risked fair value for Sirius Minerals is 49p/share based on:
 Production of 10Mt/yr polyhalite in 2025, rising to 13Mt/yr by 2027 (funded from cash flow) and rising to 20Mt/yr in 2030 (again funded from cash flow and also requiring a small additional permit)
 7.2bn shares in issue after a) full conversion of the U$400m convertible bonds in issue; b) the $50m equity issued as part of the Hancock royalty agreement and; c) our worst case scenario of an additional $500m in funding for the additional capital required achieved as an equity raise at 25p/sh).
 This also assumes that the Phase 2 funding is completed on time in Q1 2019 to fund $3bn of senior debt.
 Risk at 60% based on a subjective assessment of stage of project funding , construction and product adoption for the full scale.

Using standard PE ratios for the larger mining companies of 10-15x (current forward PE for large mining companies). With earnings per share for Sirius projected at 13Mt/yr and 20Mt/yr of 12p (2027) and 20p (2030) we could easily arrive at a fair value in Sirius of upwards of £2.00/sh.