Kogan's gross profit margin has been 18% and 19.5% in the last 2 FY's.
Say I take an extremely simple, naive, view that GST implications drops their gross profit margin to 10%, minus costs would see a $20m loss on similar revenue of $400m compared to 2018's $20m profit.
Obviously I haven't factored in a lot of things, (like any substantial revenue increase) but considering how razor thin it's margins are, it's difficult to see where Kogan can pull an extra $20m in profit to manage a break even quarter.
Like some others have said, I think Kogan can be a fantastic company. I've used them for a bunch of things. I'd love to have gotten in at the IPO in hindsight, but there is something about Ruslan I just don't trust. This quarterly will probably confirm what I think of him.
I think its positive . GST avoiders beware!, page-22
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Last
$4.90 |
Change
0.020(0.41%) |
Mkt cap ! $489.6M | |||
| Open | High | Low | Value | Volume |
| $4.89 | $4.97 | $4.88 | $716.2K | 145.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111 | $4.90 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.93 | 1452 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KGN (ASX) Chart |