Basically just massive growth in the future, actually growing market share in online retail
Also:
Ruslan Kogan - founder CEO - owns a fair amount of the company
Positioned well as low cost retailer.
Profitable every year
Hated by the boomer dividend clientele
Kogan First is going to be great for network effects
I love that they got all that inventory in case they needed it, don't give a rats in didn't turn out perfectly. size of profit in the short term is completely irrelevant for this company, only growth matters. Perfect for forcing out the plebs too so I could buy at these ridiculous prices.
I expect many crashes along the way, but long term it's just free money.Not that it's it's worth anything but using the most bearish numbers I can personally imagine (Yearly growth of 5% and terminal growth after 5 years of 3%) and cost of capital of 7%. I get a $10.00 value per share with DCF and Discounted residual income model. Bullish scenario is basically the moon.
Risks: Ruslan leaves, war with china, I'm wrong, something unforeseen.
Basically just massive growth in the future, actually growing...
Add KGN (ASX) to my watchlist
 (20min delay)
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Last
$6.69 |
Change
-0.250(3.60%) |
Mkt cap ! $673.6M | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.58 | $3.568M | 531.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111 | $6.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 1999 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$6.66 |
Change
-0.250 ( 4.01 %) |
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| Open | High | Low | Volume | ||
| $6.83 | $6.83 | $6.58 | 75936 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| KGN (ASX) Chart |