KGN 3.97% $4.45 kogan.com ltd

Ann: May 2021 Business Update, page-110

  1. 9,228 Posts.
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    I reckon we will report the following stats for FY21 and FY22 as per below
    - H1 FY21 NPAT $23M (NPAT to sales of 5%)
    - H2 FY21 NPAT $5M (NPAT to sales of <1%)
    - H1 FY22 NPAT $15M (NPAT to sales of 3.5%)
    - H2 FY22 NPAT $20M (NPAT to sales of 5%)

    You tell me the valuation of this business. That is a very pessimistic view, but somewhat realistic.

    Inventory levels were too high at Dec20. Their refusal to disclose inventory levels this time is causing the rout. Well done management on your incompetence.
 
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