In the week since my last post, it seems that KGN found a degree of support at the 200-day exponential moving average (yellow line). Since then, it has bounced over 10%.
Today's court ruling may have been a threat to KGN's price recovery. While Kogan was found guilty, the finding did nothing to pull the price back down to the 200EMA. Instead, it has jumped over 4% at the time of writing.
To put the magnitude of Kogan's guilt into perspective, I read that:
- the ACCC was seeking a fine of $2 million
- Kogan had allocated $700K in its budget (in case it was found guilty)
- the courts fined Kogan $350K.
To put the $350K into perspective, KGN made $497 million in revenue during FY20. That's about $1.36 million a day, or 7 hours of revenue.
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Last
$4.58 |
Change
0.085(1.89%) |
Mkt cap ! $460.8M |
Open | High | Low | Value | Volume |
$4.50 | $4.62 | $4.49 | $759.1K | 165.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 352 | $4.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.58 | 7178 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 7293 | 4.560 |
19 | 15990 | 4.550 |
12 | 17189 | 4.540 |
11 | 4006 | 4.530 |
8 | 3427 | 4.520 |
Price($) | Vol. | No. |
---|---|---|
4.580 | 2940 | 14 |
4.590 | 10005 | 12 |
4.600 | 9720 | 11 |
4.610 | 18814 | 14 |
4.620 | 10741 | 11 |
Last trade - 13.43pm 17/07/2024 (20 minute delay) ? |
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