Can't disagree with any of that except regarding the chart.
Implicit in the price is the assumption that this obvious online slowdown will continue indefinitely, which it won't. Similar to the price in October last year that reflected that the high level of growth at the time would continue indefinitely.
The market is dumb. In the long term Kogans revenues and profits will increase in step with the growth of online retail and likely a little on top of that due to their competitive position and leadership. The share price will continue to both overshoot and undershoot that massively for at least the next decade.
KGN Charts, page-1349
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Last
$4.75 |
Change
-0.030(0.63%) |
Mkt cap ! $478.2M | |||
| Open | High | Low | Value | Volume |
| $4.79 | $4.81 | $4.70 | $2.909M | 612.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6910 | $4.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.76 | 3351 | 1 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$4.72 |
Change
-0.030 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| $4.79 | $4.80 | $4.70 | 70715 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| KGN (ASX) Chart |