KGN 1.35% $4.51 kogan.com ltd

Ann: May 2021 Business Update, page-94

  1. 9,228 Posts.
    lightbulb Created with Sketch. 877
    It's very cheap.
    The sentiment today was better than the picture painted 1 month ago.
    I can see double to triple the EBITDA growth in Q4 vs Q3 and that's even with a demurrage issue.

    Shorters, you are preparing to sizzle when big buyers enter soon. May seems to be reasonable based on EBITDA forecadts. Noting EBITDA for the 9 months ended March was around $45M. If we achieve $63M, that's $6M per month vs a run-rate of $5M per month over the first 3 quarters.

    Such an easy buy today. Thanks management for the gift.
 
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