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I have just forwarded your concerns on to Kishore and Waheed..... They replied very fast and stated its lovely that 3 year old children are taking an interest in the Indian market....
Just been looking at the size of the Uk ecomerce market vs India (for retail) ... There is quite a size difference to say the least...
UK Retail ecommerce will see far stronger growth, though. Online retail spend will grow 14.9% this year, to account for 20.6% of total retail and almost £96 billion ($124 billion).
According to a report done by FICCI and PwC on Indian e-commerce, the Indian retail market is expected to cross $1.3 trillion by 2020...
The Indian retail ecomerce market is over 13 times the size of the UK!
When a person moves from physical shopping to online, he or she spends very little in the first two years. And more than half of India’s online shoppers are less than two years old.
However, the good news for e-tailers is that from the third year onwards there is an exponential jump in purchases made by the same shoppers. Global investment firm Morgan Stanley’s research has shown that it actually doubles.
With the average ‘maturity’ of Indian online shoppers standing at 3.3 years today, there’s only scope for growth of Indian e-commerce.
According to a report done by FICCI and PwC on Indian e-commerce, the Indian retail market is expected to cross $1.3 trillion by 2020.
The smartphone penetration in the country has led to the increase in online shopping. Astudy done by ASSOCHAM shows that the increase in Indian e-commerce comes from “phone shoppers” from the country’s Tier II and III cities.
It is this market opportunity that has brought in the bigwigs of global retail to set up shop in India. Walmart with its acquisition of Indian unicorn Flipkart is finally aiming at success in the online market. But Walmart also has a massive competition from Amazon India. For Amazon, India is one of its biggest markets which is why it has been pumping in money constantly into the country notwithstanding the losses.
And all of this is challenged by India’s Mukesh Ambani. Ambani, who hopes to achieve the same success in e-commerce as his telecom project Reliance Jio did, isreportedly looking to enter the e-commerce market during Diwali 2019
Here's the full link here....
https://www.investopedia.com/articles/investing/071415/five-wildly-successful-value-investors.asp
Interesting little read, it comes down to whether you want to be day trader making a little bit here and there (while losing big bits that you don't tell anyone about like a bad gambler) or do you want to be a value investor - i.e you invest in the right company and watch it grow and grow and grow!! Pretty much like Waheed and Biyani are known for doing..... Its all about timing and when Waheed has 20 million invested which is averaged at 24p and Biyani has 17 million averaged around 13.5p you would have to think now is the perfect time at 7p?!
BY WARREN CASSELL JR.
Updated Jun 25, 2019
Benjamin Graham, the godfather of value investing, has helped many of his disciples create outsized wealth. As of 2015, his most well-known follower, Warren Buffett, is the world's third richest man with a net worth of more than $72 billion. The concept behind the value investing philosophy is simple: investors can realize tremendous gainsby purchasing securities that trade well below their intrinsic value. In his books "Security Analysis" (1934) and "The Intelligent Investor," (1949) Graham explained to investors that, "a stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price." (For more, see The Intelligent Investor: Benjamin Graham.)
Although Buffett has received a large amount of attention for his ability to flawlessly execute the value investing philosophy, he is not the only investor who has benefited tremendously from adopting Graham's approach to investing. Below are five value investors that aren't very well-known despite having an impeccable track record for beating the market year after year.
Michael Lee-Chin
Michael Lee-Chin is a remarkable value-investor whose mantra is “buy, hold and prosper”. Born in 1951 to a teenage mother in Jamaica, Michael Lee-Chin is one of Canada’s most benevolent billionaires. After finishing high school, Lee-Chin migrated to Canada to further his education in engineering. He entered the financial sector at the age of 26 with a job as a mutual fundsalesperson. As Lee-Chin went door-to-door trying to convince households to purchase mutual funds, he developed an obsession for wealth creation. His goal was to discover an invariable wealth creation formula that he could use to make clients wealthy.
Years later he found that formula and codified it into five characteristics shared among wealthy investors:
They own a concentrated portfolio of high-quality businesses.
They understand the businesses in their portfolio.
They use other people’s money prudently to create their wealth.
They ensure that their businesses are in industries with strong, long-term growth.
They hold their businesses for the long run.
Armed with those five laws, Lee-Chin borrowed half a million dollars and invested it in only one company. Four years later, the value of his shares increased sevenfold.
Im to busy googling our largest shareholder and strategic partner Kishore Biyani..... Net worth 2.7 billion WOW!!
While also lookjng at the growth for jan feb and march.... UP 67 PERCENT WOW!
Right im glad you understand that app downloads are like compound interest - they continually mount up as people dowload and keep them so nearly every app downloaded is a new customer....
So we know during jan feb and march we had enough app using customers to create a 67 percent increase on last year for the same period
So with the above in mind we know that during april may and june there were approx another 1 million app dowloads on top of jan/feb/march....
Its looking pretty good in my eyes!!
App dowloads are going to naturally decrease over time as people download and keep the apps....
Please tell me how the app has lost traction?
The business has now emerged from this period and is well positioned to deliver on its growth strategy. This is evidenced in the first three months of calendar 2019 with GOV increasing by 67% to £4.4m compared to the same period in 2018.
WOW 300k APP DOWNLOADS IN A SINGLE MONTH IS HUGE!!
web traffic isn't really accurate when you have people shopping via a superfast app like koovs has as app traffic is not included in web traffic....
WE KNOW FROM KOOVS THAT WEB TRAFFIC WAS UP 50 PERCENT FOR JAN FEB AND MARCH THIS YEAR....
ROLL ON 28P FUNDING!!!
KISHORE BIYANI THE KING OF INDIAN RETAIL KNOWS THE SCORE!!
Anyone shorting this is mentally deranged, they are betting against a self made retail billionaire in a country/economy he knows like the back of his hand.....
The bears have had it their own way for a while with the lagging share price but that has changed, investors are now seeing the opportunity KOOVS offers and that opportunity is the best on AIM today....
The 28p funding news is coming and so is the rerate..... Its going to be like a double dose of viagra!
Spikeyj, i have looked and cant find it at the minute
I did find another bit of info while looking though...
Indians and Fashion Shopping
Although fashion is considered a young person’s game, in India the 35 to 44 year old age bracket are the major buyer in this field with a whopping 22% shelling out ?2 500 per month to extend their wardrobes with the latest trends. In some instances, this total makes up a third of their income going toward clothes. In contrast, college students, the unemployed and retired individuals choose not to spend their money on footwear, with 60-70% of these spending as little as ?1 000 per year on new shoes.
Spikej, i found it online, there were several figures but to be honest they are all irrelevant, when you have all the big players like amazon fighting to get a share of a market it tells you the market is worth getting into, then when you have players like Kishore Biyani buying 30 percent of the company at over a 100 percent premium to todays share price that also tells you something.
I literally dont care who believes and who doesn't, my money is in and i believe this is going places, i think this is the best opportunity on AIM today
I stopped posting here for a while due to every post of mine being attacked by a poster named pascha, now pascha is gone this other melon has take on, strange that?!
Im going to remove myself from this daily crap for a while....
The news flo will commence very soon imo!
gla
Funny peope talk of keyboard warriors and all that....the definition of a keyboard warrior is some melon that moans and moans and then doesn't have the balls to turn up at the EGM to confront the bod...(us real investors did)
Greybird i will be at the upcoming AGM, feel free to meet me there, i will be only to happy to have a chat with you after.
Amazing how this plonker aims every post at me..... I remember pascha doing the same.....
Greybird became very vocal when sosander got battered..... Nut job alcoholic....
The fact is that 99 percent of the posters here now realise the HUGE opportunity that koovs has to offer, greybird is just one desperate bear poster because he has got this so wrong....
Come see me at 21p when im 500k in profit greybird.... It wont be long son!!
We have people like Waheed (200 million) and Kilshore (2.7 billion) putting their hard earned money and then we have this melon greybird... Place your bets on who got this wrong!!
Meet Waheed Alli: The Labour peer suffering birth pangs of India’s answer to Asos
LAURA ONITA 11 hours ago
Media mogul Waheed Alli founded fashion website Koovs in 2012 ( )
Nearly three years ago media mogul Waheed Alli was on the brink of losing the millions he had put into his most recent venture, Koovs, the London-listed wannabe Asos of India.
In November 2016, India’s prime minister Narendra Modi, with only four hours’ notice, took high-denomination banknotes out of circulation. The move was meant to drive money out of the shadows but, in the short term at least, it knocked the stuffing out of the economy and punctured the hyper-growth of online businesses like Koovs.
Alli, or Baron Alli of Norbury in the London borough of Croydon, to give him his full title, says: “It really hurt. A lot of people operating in our sector disappeared. We survived because of great management, because we knew what we were doing.”
The Labour peer’s know-how came from 12 years as the chairman of Asos, helping it grow from a fledgling start-up, with flat growth and losses, into the fearsome adversary it would become for the High Street, eventually stepping down in 2012.
He left “because I could tell Nick Robertson [Asos’s boss and co-founder] wanted to leave”. “If you’re the chair of a public company and the chief executive wants to leave, generally what happens, you have to find a new chief executive.
“Everybody blames you if it doesn’t work, and then whoever it is will likely want to get rid of you. Well, ‘that’s a fun three years’, I thought, and I didn’t want to do that. I said to Nick, ‘if you’re going to go, I’m going to go before you.’”
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So that was that. Alli used some of the cash from his £30 million stake in Asos to build a replica of the online retailer but in India. Enter Koovs, which has finally started showing recovery signs after the demonetisation blow was followed by a tax hit from Modi’s government.
Koovs’ revenues fell 40% from £3.9 million to £2.1 million for the first half to September 30, but it narrowed its pre-tax losses by 10% to £6.4 million from £7.8 million.
Its trendy clothes, aimed at India’s emerging middle-class youth, have been selling better since, Koovs told the City in May.
It also recently raised £10.4 million from India’s largest retailer Future Group to start spending on marketing again after it had to tighten its belt in 2017.
Good news has been in short supply for a share that listed at 200p and now stands at a meagre 7p. It had to go cap in hand to investors asking for £35 million over a three-year period in 2015, just a year after Alli, who is chairman, listed the company on London’s junio
Read up on retail 3.0...... Biyani is creating a seamless shopping experience for Indians...... Biyani actually says he missed out and was late getting into ecommerce hence why he ia backing koovs now as he knows it will be huge....
Still waiting on your credentials? 8 comments now is it?!
He got smashed on sosander!!
Fyi, i am wearing the same "rose tinted" glasses as Waheed Alli - net worth 200 million gbp and the man that built ASOS
Also the same glasses are being worn by Kishore Biyani - networth 2.7 BILLION and the man that has built the largest retailer in India, the very market KOOVS is in, also the man that AMAZON are begging to invest in.
Please tell me your credentials other than a 7 post history filled with tripe?
India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the world.