When I wrote the above article 3 weeks ago, I was not expecting the stock to have such a short term rally. In particular after they announced their capital increase a couple of days later.
Anyway, my view on the stock has not changed. Even at today's price, I think the stock is cheap, in particular if you take a 3 to 5 years view on the company. 3 elements drive me to be confident on their growth :
- the ecommerce market is now accelerating,
- unlike the previous years, Kogan is now able to increase its market share, probably due to the success of its market place,
- lastly, it has proved in the past (like during the last 11 months) that it has a good control of its costs, so the profit can increase faster than the sales.
One thing which surprises me : I can't find many well known institutions among their major shareholders. I wonder if it may change.
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Last
$4.78 |
Change
-0.120(2.45%) |
Mkt cap ! $481.2M |
Open | High | Low | Value | Volume |
$4.91 | $5.00 | $4.78 | $4.986M | 1.024M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 6102 | $4.78 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.83 | 7711 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 6102 | 4.780 |
1 | 4478 | 4.770 |
6 | 17676 | 4.760 |
8 | 10150 | 4.750 |
1 | 3346 | 4.740 |
Price($) | Vol. | No. |
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4.830 | 7711 | 2 |
4.850 | 3396 | 2 |
4.860 | 222 | 1 |
4.870 | 3346 | 1 |
4.880 | 19621 | 5 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$4.80 |
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Change
-0.120 ( 2.39 %) |
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Open | High | Low | Volume | ||
$4.88 | $5.00 | $4.79 | 120830 | ||
Last updated 15.59pm 08/05/2024 ? |
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