Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Kishore Biyani? The man who said publicly a few months ago he doesn't believe the current ecommerce model can work in India.
This is nothing more than a side bet to him...for the time being.
Just adding some context to the discussion as you seem to look at India and Koovs through rose tinted glasses
Anyway those lies...
India had an estimated 480m internet users in 2018, right?
Also had an estimated 25bn in online sales in 2018, right?
$50 per users looks about on the money
https://www.statista.com/statistics/255146/number-of-internet-users-in-india/
https://www.statista.com/statistics/289770/e-commerce-revenue-forecast-in-india/
Growth is great but don’t forget India is starting from a very low level.
There’s a lot of people in India the problem is spending power. The average yearly online spend in India is still about $50 compared to $1600 in the UK. Even with rapid growth forecast over the next 5 years Indias ecommerce sales still wont outstrip those in the UK, not even close.
It could be decades before there’s as much money swirling around online as in western countries, even with all those people.
In the mean time Koovs need MASSIVE volume - to be able to attract more cash
Ignoring the clunky mess of the UK website, there doesn't seem to be much if anything available to buy at Laura Ashely at the minute.
They've had a 50/60% off sale running for weeks but the furnitures not available until September, clothing and other items seem to be at least a week (5 working days) on delivery.
Delivery page states deliveries used to be 7 days on furniture and next day delivery on clothing, so there's something up here?
Doesn’t sound very convincing, even with the spin
Picking up the crumbs? It’s out go our hands? Indians aren’t buying?
Sounds more like they’re getting crushed and have run out of ideas.
Quote from trading update: "this included reducing marketing costs and stock levels."
You can click the links and see the figures yourself.
Thanks, trading update states reducing stock levels. May be this is the cause of cancelled/delayed orders if there's not enough stock on hand to ship?
I can't find anything that would suggest traffic to Koovs.com is up 50%. Where's the traffic coming from? Google aren't showing any notable increases.
For social traffic Koovs use bit.ly short links to drive all their social media traffic to the site. If you add a + sign to the end of these links it gives you the actual number of people who have clicked those links in real time.
It's not good viewing:
Instagram: https://bitly.com/2FiZf0j+
Youtube latest video: https://bitly.com/2Y3NgeA+
Facebook latest post: https://bitly.com/2WXmacG+
Google trends still has interest in India for Koovs at a tenth of what it was in 2015/16, which I guess shows in the share price been about tenth of what it was in 2015/16.
YTD website traffic looks flat to negative.
The android app seems to be gaining traction though, does anybody know how long they’ve been pushing it on site? How long has the app been available?
Also seems to be increasing complaints about delayed shipping/cancelling of orders, any supply/fulfilment issues known?
Similarweb, the data/estimates are usually pretty accurate.
Third party data for the Eve UK website shows a push towards higher value products.
The premium mattress is showing as the most view product on site in May, it’s held this spot for the past 3 months, over taking the pocket sprung mattress.
Whether this is converting in to more sales of premium mattress or it’s the on site placement driving more views is another question. But premium has over taken the pocket sprung as the most viewed product on site.
Other notable increases include bed frames, these have been getting a larger share of web traffic over the past 3 months.