Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I first wrote here on self-styled “Western fashion experts for online Indian consumers”, Koovs (KOOV) in 2016 – concluding there is much still to be delivered to justify the valuation here – even at 25p per share… Not for me at such a stage and most recently last year; it’s cash rather than social media reach which is currently critically important!. The shares have since sunk further – and are currently further lower, at sub 3p, on the back of a “Second Quarter Trading Update”…
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