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$1.95 cover-more group limited

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richrichie

3,390 Posts.

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15/04/15

08:54

Post #: 15088701
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Originally posted by richrichie ↑

Speaking about the India market, Peter Edwards, chief executive officer, Cover-More Group said, “We are focusing on India as this country continues to be one of the most exciting economies in Asia, with an entrepreneurial approach to business and innovation, which is attractive to many Australian and international investors and global companies. We work on the policy of voice of consumer, the consumers face certain challenges and we are here to find a way to bridge those gaps. Still in India, we have seen that the conversion rate for travel ancillary services is somewhere around 20 per cent, whereas in Australia it is 75 – 80 per cent, which clearly indicates that this market has a huge potential. We are very confident that the outbound travel is going to triple by 2020, we will surely penetrate more into the India market and introduce many more unique products.”

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Sounds good to me.

CVO Price at posting: $2.13 Sentiment: Buy Disclosure: Held
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