I have to say that I am very impressed with the turnaround of their EBIT and the net cash balance.
With no external debt and a total cash position of $83m. It does not get any better.
The cash position by itself represents some 20% of the market cap as of yesterday's closing price.
The price action should hit the first resistance of $5.55 by the end of this month and then retest the next resistance level of $6.90 by the end of Feb after the half-year results are out.
If the half-year result comes with a div, then it will be well received by the market, and the share price should head towards the $9 mark.
Obviously, share price does not go in a straight line. There will be some volatility on the way up subject to market conditions. However, any share price weakness will just be a buying opportunity.
I believe some brokers have over $10 a share as their target over the next 12-month period.
If the current financial performance continues to the 2H of FY2024 and they pay div or issue a new share buyback, then the $10 target is achievable before the end of 2024.
This is just my personal opinion, not financial advice
Regards,
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- Ann: Kogan.com January 2024 Business Update
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Last
$5.15 |
Change
-0.060(1.15%) |
Mkt cap ! $519.8M |
Open | High | Low | Value | Volume |
$5.23 | $5.23 | $5.09 | $2.249M | 438.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4357 | $5.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.16 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4357 | 5.140 |
1 | 2000 | 5.120 |
2 | 2225 | 5.110 |
1 | 1725 | 5.100 |
4 | 4449 | 5.090 |
Price($) | Vol. | No. |
---|---|---|
5.160 | 6000 | 1 |
5.170 | 4225 | 2 |
5.180 | 2225 | 2 |
5.190 | 1725 | 1 |
5.200 | 15805 | 7 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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