KGN Charts, page-565

In the fortnight since my last post, KGN's price has risen from 18.81 to 21.70 - a gain of 15 per cent.

The chart has formed a gap up (blue lines), followed by something of an ascending channel (yellow lines).

While last Monday saw an untoward red candle, Tuesday's annual presentation came back with a big green candle and all-time closing high of 22.99. At the close, KGN had doubled the price of its recent Share Purchase Plan (11.45). See pink line.



While price has slipped since then, it remains in the upper half of the current yellow channel.

More broadly, Kogan currently has the highest 1-year gain of any stock on the ASX300 (outperforming Mesoblast and Afterpay):



Regarding fundamental analysis, the Australian Financial Review gave (what I think is) an excellent 4-point summary of KGN's financial performance:

• Revenue: 497.9 million - up 13.5%
• Pre-tax profit: 38.9 million - up 66.0%
• Net profit: 26.8 million - up 55.9%
• Final dividend: 13.5 cents - up 64.6%.

So let's end with this AFR commentary:

"At Kogan.com, a 13.5 per cent increase in revenue translated to a 67.4 per cent increase in EBIT, with EBIT margin rising by a staggering 252 basis points to 7.9 per cent, suggesting this younger business finally has built the scale to convert strong top-line growth into real bottom-line growth."