By Steve Moore | Thursday 1 March 2018
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.
Writing on online fashion retailer focused on India, Koovs (KOOV) in December I questioned “pleased with the progress we have made in our business fundamentals” - noting for the half year revenue lower to INR328.7 million (£3.94 million), a loss of more than £7.7 million and current assets over total liabilities of £8.3 million (£7.6 million of current assets being receivables and cash £9.4 million gross and just £2.2 million net). There’s now an announcement entitled Strategic Acceleration Plan, commencing “following the success that Koovs has achieved to date”!…
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