Yeah, the news was ok but the market was expecting more than ok. Not sure why, given the current retail environment.
I'd say the days of Kogan growing sales by 30%+ on PCP are over. 10-20% is probably the new normal in the near term and gradually declining as the business matures.
Down 20% seems like a beating today but even at this level it's still priced for growth. It's more a reflection of overinflated expectations for the Christmas period IMO.
News: KGN Kogan.Com Posts Gross Sales Grew By More Than 16% In 1HFY20, page-10
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.03 |
Change
0.000(0.00%) |
Mkt cap ! $403.4M | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.12 | $3.99 | $2.360M | 584.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1102 | $4.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.03 | 1595 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KGN (ASX) Chart |