Next Investors logo grey

Kabuni hits breakthrough 1000 mark

Published 30-MAY-2016 10:40 A.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Interior design platform Kabuni (ASX:KBU) has hit an important milestone – with 1000 interior designers now registered and the sales starting to flow for the company.

In a note to its shareholders this morning it said that more than 1000 interior designers and decorators had now registered as members of the platform – and this translated into more than 1800 ‘inspiration boards’.

It said 100 designers joined in the last 20 days, with the previous 100 joining in a 25 day period — suggesting uptake is accelerating despite what the company admits is a limited marketing campaign to this point in time.

These boards are a selection of a designer’s particular aesthetic or style, with the boards featuring selections from the 15,000 items KBU currently has available for sale.

At the start of April it has added e-commerce functionality to the boards, allowing people to buy the items featured on the boards as well as contact the interior designers for their services.

KBU said in the month of April it had booked 40 sales with an average price of $C240 ($A255.90) – metrics KBU said were above its internal expectations for the start-up.

The first month of sales are not only a big deal for KBU as it translates into cash but it also demonstrates that the e-commerce functionality of the boards is working.

In other news, it confirmed that its first Community Design Studio will open in Vancouver on June 9 – providing a real-world space for interior designers to meet with clients.

Earlier this month it launched a web platform – meaning that the platform would be available through a standard browser, effectively allowing almost all mobile users to access the platform.

About Kabuni (ASX:KBU)

Kabuni has been developing a platform to match those looking for interior design services to interior designers and local artisans – an overall market KBU says reaches $68 billion in North America alone.

Designers create ‘inspiration boards’ where they can showcase what influences them in terms of visual style and past work.

From there, clients are able look at these boards and see which designer and which pieces they want in their homes.

Clients are also able to post to their own boards, taking photos of objects and things which inspire them to give designers an insight into their requirements.

From there, designers and clients are able to come together and take things from inspiration phase into the real world.

As part of the business model, 2% of Kabuni’s revenue goes to a mixture of charities – all trying to alleviate homelessness.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.