Variable expenses rose by 40% as the company expanded its warehouse capacity to boost distribution capabilities ahead of the busy Christmas period.
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This will translate to more stock availability! No more sold out as ive encountered many times!
Elsewhere in the update, Kogan said it had achieved annual customer growth of 41.6% in the September quarter, and now has an active customer base of 1.45 million.
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So customers are increasing...translating to more sales!
In 2017, Kogan.com was the best performing stock on the ASX, finishing the year with an annual gain of more than 300%.
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Must have been because their was no
10% GST LOL
They can and will ride this out to a greener pasture..this guy might not be Jeff bezoz..but he is a hard working visionary that's for sure..started out in his garage..he ain't gonna let his baby go.
Lastly looks oversold..
KGN Price at posting:
$3.11 Sentiment: Buy Disclosure: Held
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