 I'm going to talk about a company that could 30x in the long term. I'm going to talk about the catalyst that could make this happen as well. I'll go through the information, a lot of the information about the company, some research about the company, where I think the company is going to go and where I think that you should potentially look at getting involved with investing in the company. I've got to say I'm not a financial advisor. I'm a business teacher in my daily life but I'm by no means an expert on the stock market and if you could leave the video live that would be much appreciated but I'm going to get right into the information just to respect your time. Through the information and as always with penny stocks the volatile, they're always up and down, you know one minute they might double up the next they may be down so it just happens at times really with these penny stocks they're very volatile. So what is it? So it's called MySize okay this particular company and we'll go through the actual charts in a moment. I just want to talk about a bit about the stock as well and then we'll get into the price predictions into the information where I think there's a buying opportunity in the charts just a bit later but let's go through who they are. So MySize was founded in 2014 by Ronan who grew frustrated with the common troubles of online shopping from size and certainty to the hassle of returning items that just didn't fit. After realising size selection as a big part of consumers overall shopping experience and returns are a huge blur to retailer bottom lines he decided to come up with a solution that will benefit both sides. MySize was created to increase buy satisfaction and reduce costs for online retailers by giving them a tool that will standardise sizing and help consumers find the sizes that fit them. Okay so what is it? Essentially it's a tool that can be used a digital tool that can be used to find out what size you are in terms of clothing but there's more to the stock there's more applications that they've got that can be used for their technology here. So it's a consumer technology in big data company with a proprietary sizing and measurement technology okay it generates highly accurate measurements used in a variety of consumer friendly everyday uses such as online apparel, shopping, logistics, courier and home DIY. Okay so this is an industry that is growing okay so you've got the e-commerce apparel market which is estimated to be £332 billion global market in 2016 that's only ever going to increase as people switch to shopping online more and more and they have its change. £8.4 billion at e-commerce of power returns are size related so what does that mean? It means that there's a lot of companies out there that are losing a lot of money based upon the fact that people are ordering products that are not the right size they then return them and that losing money they're losing £8.4 billion all the collection in terms of the industry. Now that's a lot of money there that could be saved and this is a tool and technology that tries to resolve that problem to make sure people are buying the goods the right size is not only is it good for the consumer because there's less hassle of having to send stuff back and forth they're more likely to buy it but on the other hand it's good for the companies as well because it means that they're going to get less returns and they're going to save a lot of money okay and this is a company that's essentially solving a problem and like I say the best companies out there just think you know do a bit of homework what are some of the companies that solve problems and you'll notice that there's a lot of companies out there that are very successful but are built upon solving a problem solving an issue which is what this is doing right improves retailer revenue and lowers their operating costs whilst improving the consumers shopping experience as I say there broad domestic and international patents and patent pending applications for measurement and fitting so they have got some patents already so they've got some IP intellectual property meaning that they can't just competitors can't just copy their technology essentially so that gives them a competitive advantage and that is really powerful in itself just having that I mean that that that is really big if they if they say that they've got patents for this it's just a matter of time for the revenue to grow so the retail industry okay so 8.4 billion in size related returns and this is interesting 67% 69% e-commerce shopping cart abandonment rate in fashion now some of that abandon abandonment rate in fashion might be to do with the fact of people thinking I will this fit me will it not and then people might second guess and not decide to purchase the product because of that well if they've got this tool okay they could you know if they work with supplies with this tool then there's more likely that they will actually go ahead with a purchase because they feel more confident right okay and it's about reducing returns so the markets here they've got a parallel DIY courier and utility we'll go over to some of the other products in a minute big big data analytics and it's it's it's based upon sensors cloud and algorithms and it's a proprietary and patented measurement algorithm okay and so this is my size this is one of the aspects we'll go through some of the other aspects of the business because you've got that market where they're trying to sell to the fashion industry you know solving a problem here so again my size some of the direct benefits what are the benefits of this increase customer confidence increasing conversions by 30% so sense that people go on the website and if they've got this tool okay they're more likely to purchase okay improve efficiencies reduce return volumes by 50% massive improve customer service experience and increase brand loyalty valuable big data reduce cart abandonment so ultimately this is driving revenue and profitability and reducing inefficiencies for a company so this is very effective i've do got to say before i move into the next part of our analysis on this stock and the information i've got to say thank you for everybody for the support on the channel we are growing massively just yesterday i said oh can we get to 3000 subscribers by the end of january well it looks like we're um on track to get 3000 subscribers within the next couple of days or so so thank you for everybody who continues to like the videos and support them as long as you obviously keep supporting them and liking them i will continue to to make them particularly on these penny stocks okay and i will be making videos on growth stocks and other stuff as well and facts but um this is what i want to go through today this particular stock so thank you for everybody who's subscribing thank you for everybody who continues to like the video you really are supporting the channel it really does help me out let's get right back into the information now so some of the current retail partners so they're building up a portfolio of retailers that they're using this tool with okay they're using some of the tools that they offering that their tech tools and and they're building up their partnerships with these uh okay but they really need to they're one big catalyst away from blowing up right because if they can get a really big partner involved that could be a massive catalyst for the company and the share price okay so there's a lot of catalysts to this so accurate measurement this is another area where it's it's looking at getting into its terms of measuring boxes as well accurate measurements combined combat industry inefficiencies 12 percent of shipments arrive at logistics centre with inaccurate measurements okay and this is in terms of this app this tool can be used to measure the boxes more efficiently and effectively billing errors can cost freight company three to seven percent in additional costs and inaccurate measurement measurements lead to 20 sub utilisation of warehouse space okay so what does this mean so one click measurement what that this is what they're doing so it's called box size and then measures all three their tool measures all three aspects free access of a axis of a package or any 3d object by only one movement of the mobile device cut down the time it takes to measure a package by 50 percent so this is saving time this is reducing inefficiencies by using this tool and again so you've got the retail market you've got the um that's kind of packaging market there as well and here we've got an interesting article this was in recently december 31st so my size delivers over 12 million size recommendations in 2020 okay so it's it's gave 12 million size recommendations okay and the CEO here says more than 12 million sizes were recommended by my size id this year and we will anticipate continue growth into 2021 as a result of a great e-commerce transformation this year on various pricing plans with our customers are generally uh so they've got the pricing plans there it would be interesting that they could charge a bit more pair my size doing the my sizing tool it'd be better if they actually maybe increase the cost of that something increase the profitability but ultimately as they build relationships with companies partnerships strategic partnerships they are going to grow this company is going to grow in line with that it's about b to be this is about this company working with other businesses in the fashion sector getting them to use this as their tool and that is going to be a catalyst if they can get really really big partners on board for this this could be massive but again if they just keep getting just continue the partnerships and building of the relationships with businesses this is going to grow as well it also says here recently they're actually moving into another area so it's actually uh my size is added to add highly accurate online footwear sizing to e-commerce solutions as well so it's looking at footwear now as well so that's an expansion into the market uh and doing this for footwear now as well also so they're expanding in all these different areas okay so what are the benefits so because they're expanding in you know they've got the my box they've got the my size they've got and they're now going into doing shoe sizes they've got this technology that is quite diversified and can be used in a lot of applications right and in a little a lot of different industries so many of it uh has patents as well so they've got intellectual property so nobody can copy what they're doing um to to exactly what they've got so that gives them a competitive advantage diversified technology with patents it solves an important issue okay solving an important issue and there's a good unique selling point to the product as well okay my only concern my only concern is the lower revenue the revenue revenue is not great at all it's quite low so that's one of the concerns that i've got with it um there but what i'm thinking is that the the growth to the future does this product solve a problem yes is this product have a lot of potential yes so i'm thinking into the future there's a lot of potential growth for this revenue so we'll go in we'll go into the chart here so it's currently sat at one dollar 41 okay it's on a bit of a dip at the minute what i would say is if you can get this anywhere around one dollars to one dollars twenty i would say that that's a buying opportunity i would start to average in your price i wouldn't buy all at once just buy a little bit and then a bit more on the dips so that you can average down okay but i think it's got a lot of potential here it could double within the next three to six months okay on its current price point uh if you can get it at one point two i think it could reach up to two dollars forty two dollars sixty but i certainly think in the long term this is a potential thirty x stock i think that this has got what it's doing the product itself has got a lot of potential all they've got to do is build up those relationships now with businesses that's what they need to focus in on they've done the research and development they've got the patents um some of them now the application is to try and reach out to as many businesses as possible okay and that is where the revenue is going to come from and that is what they're now focusing on i think that you know when you look at the stage processes right you've got your research and development product concept building the product and then you've got to take the product to market and do the commercialization they're starting to move towards the commercialization side of it it seems like and then as from that that's where the revenue is going to grow so you want to get in before the revenue is going to explode so that you can get it a good price but with a penny stock as always you've got to be careful do your own due diligence do your own research and have a look into it okay you've got to be careful penny stocks are up and down all the time right so i would hold this long term personally but like i say there is a potential to swing trade it as well so that's what i've got for you today please leave the video a like if this stop if this was any point a sort of helpful anyway so then do leave a video a like and don't forget to subscribe to the channel where we'll cover more penny stock information okay and i'll see everybody in the next video