Thanks AffluentFoodie, I'm glad I did hold... the price is rebounding and I agree, despite their PE Ratio, I think Kogan has a bright future even with Amazon entering the frame. They might even hover around $3.90 - $4.30 in the interim while the market adjusts again and investors become clearer on its future but the business has been expanding heavily into insurance, mobile and retail that I'm sure it's only a matter of time before they breakthrough that barrier.
As for Amazon, I suspect they will encounter the same difficulties as they did in Canada trying to gain market superiority given the countries geographic similarities.
Additional tip... I bought in BIG Un Limited (ASX:BIG) the other week and they're starting to show some serious upward trend signs... worth a look for any investors on the hunt for decent stocks.
Thanks AffluentFoodie, I'm glad I did hold... the price is...
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Last
$4.54 |
Change
0.000(0.00%) |
Mkt cap ! $456.7M | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.58 | $4.48 | $1.045M | 230.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1270 | $4.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.54 | 797 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |