”Zip co-founder Peter Gray told us he expects smaller buy now, pay later companies will bite the dust amid the coronavirus shutdowns. He said companies with little differentiation to their main competitor – big dog Afterpay – wouldn’t have the fundamentals to see out the storm. He also gave us a look at how customer spending habits have changed. “Places like Bunnings, Officeworks, and Kogan are all performing really strongly and there’s definitely been a shift to online. Before around 65% of transactions were online shopping, we’ve seen that jump north of 80%,” Gray said.”
—————— I also noticed that Kogan has Kogan Markets like Ebay Markets. They are allowing others now to use their platform to list goods within the Kogan Range, Huge in my personal view.
Undervalued stock when you consider what they actually now do or working on, IMO
KGN Price at posting:
$7.69 Sentiment: Buy Disclosure: Held
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