Koovs (KOOV)

Koovs KOOV Logo

The fashion-forward business focused on the young Indian e-commerce market.

19-Dec-2017 – 26.55p – £46.6m – PER n/a

Interim Results For The 6 Months To End September 2017 – This is such a mixed up update. My main observation is this “the important month of November delivered a significant year on year improvement across key metrics, with Sales up by 17% to £1.7m and website traffic up 43%. However, marketing expenditure is currently significantly down due to the ongoing funding requirements of the Group, which the Company expects to affect FY18 sales overall. Additional marketing expenditure is conditional upon the timing of closure of the funding programme announced in July 2017, which the Company continues to expect to close shortly”.

I just think these guys are going to need even more money soon – I am avoiding it for now.

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