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Koovs plc – “received firm indications of interest” for £20 million, but will the jam tomorrow be delivered?

By Steve Moore | Wednesday 13 April 2016


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.


India-focused online fashion retailer Koovs (KOOV) has announced a conditional, including on General Meeting approval, capital raising at 25p per share. This stated to be “part of our planned growth, and will allow us to continue to build our brand, develop our customer offer, and deliver our strategy”. Hmmm…


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