Yes you are right about Amazon it is very much overhyped. Amazon already has massive sales in Australia anyway and I have heard that 45% of their wage bill in the US is covered by Govt subsidies, a deal they are unlikely to get here.
The recent sell off is the first that Kogan has done since setting up the business I believe and the sophisticated investors concerned were happy to pay $4.25 per share.
I have made lots of quick profits on KGN by trading it in the past but my recent purchase at $3.95 was bought on the understanding that I was buying in to hold longterm as the price was at a point where it usually bounced back and I didn't anticipate getting in any cheaper.
The latest dip was I think merely a response to the stock being talked down by some brokers as a result of the cash flow report. I have posted EquityStory's take on that later in the thread.
In the meantime the share price is on the move back up by 3.95% already today so I am definitely happy to hold. Even at these multiples. And if my capital wasn't tied up elsewhere I might be tempted to increase my holdings
Foster Stockbroking Update, page-8
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KGN (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KGN (ASX) Chart |