Macfos Limited- A niche E-commerce Company

If every business could be replicated IN REALITY (not in theory), there won’t be monopolies. Yeah ?

Point to where I said “Macfos is Worthless” or where I implied it.
The guy said theres no listings, and that should influence our investing decision. Thats not smart is it Rajesh ?

NO. CUMULATIVE ADVANTAGES DO NOT CREATE MOATS.
Moats exist as a natural consequence of product and business types. DMart did not create a MOAT, there is a natural Moat when you can sell things for very very cheap.
You clearly do not understand Moats.
In literal sense as well, Moats are not build AFTER castles are constructed. They are there, built before the castle or with the castle.
There explained Moats for you.

You are right about what high ROCE/ROE mean – in layman terms – The management has found a space to invest and they are doing so.
But your following line about business enjoying some advantage in Present Times and that nobody knows about the future – this line is is not what long term investor should be saying. If there is something that you should care about ? its “what will happen in the future”. If you find current ROCE to be decisive enough to form a favourable opinion of the company ? then im afraid, its already priced in, and so is anything future good performance.
Seeing this as an asset light internet business ? expectations are already running ahead of performance, hence these upper circuits.

Summary :

1. No. Not every business can be replicated for all practical purposes. Do not cop out and say “in theory they can”.
2. MOATS are natural consequence of product and business types. They can not just created a-la-carte.
3. You are correct about ROCE/ROE interpretation, but wrong with that last line about focusing on the present and nobody knowing the future. Sure, nobody can, but its your only job as an investor to put in the effort to make sure you get as close to knowing it as possible.

Appreciate your response.
Have a good night.

Do excuse my typos and grammar.

And again, I’ll avoid Macfos for now.
Not invested.