That's great.
Doesn't change the fact that Kogan's headline revenue will be severely impacted by the changes to the GST importation rules.
Here's a very basic example for my naive Kogan investors.
An iPhone X 256GB direct from Apple inc. GST 2 day delivery (tops or walk in and buy) for $1829.
https://www.apple.com/au/shop/buy-i...516_&cid=aos-au-kwgo-pla-iphone-product-MQA92
Kogan - same product $1729 ex. or $1901.90 when Kogan needs to pay GST in ~12 weeks.
https://www.kogan.com/au/buy/apple-...bNvD6mhEjyV_qyl5C0zE_Ic_tYEQ9n8caAvWyEALw_wcB
Apple GM are very thin so discounting any further would make the bulk of the Apple category loss making for Kogan.
When you have a business trading at the multiple of Kogan and speed bump will lead a major correction in the SP.
The grey import business for Kogan is going to be severely impacted by the GST rules that is why we are getting multiple announcements about Pet insurance etc.
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