Very little earnings? Ha! How much do you think was reported?
Didn’t you see amazon just failed big time? Amazon is but an infant in Australia. Do you think kogan will sit by idly and watch amazon grow? I’m sure they have plans to choke them while they’re still scrambling to find their feet. The amazon Australia website is pathetic.
I’m glad management doesn’t engage in rash transactions and execute deals just because some ASX numbers on a screen moves up or down. Any activity should serve a purpose and should be economically sound. Else I’d rather not have any purchases or partnerships.
I’ve seen how deals fail. SGH and their overpaid expensive acquisition. ISD and the big expensive regret which is King Content. NAB and it’s massive fail overseas. Nope, I’m happy we’re not engaging in shareholder wealth destruction. I’m happy for the share price to go up about five dollars every twelve months - won’t ask for too much more.
Oh, and it won’t reach $2, I’ll have every account maxed out to soak all the shares up at $3 (but I can only dream that this day will ever come).
KGN Price at posting:
$7.05 Sentiment: Buy Disclosure: Held
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