KGN 1.15% $5.15 kogan.com ltd

Currently, KGN is not really the target of shorters. It was,...

  1. 355 Posts.
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    Currently, KGN is not really the target of shorters. It was, when SP was around $10.

    Definitely, the SP tells a story: it was surely overvalued at $20, overvalued at $10, and probably overvalued at $8. It is probably undervalued now, but buyers are wary. They are not giving me any reason to buy today. Directors are not buying, no dividends for a long while, there aren't any good news, high interest rates (not historically high, but high nonetheless given the massive household debt) and how's this going to compete with Amazon?

    Shorting over the last 3 years:

    https://hotcopper.com.au/data/attachments/5887/5887400-add59a3287b8605b86ba7823000a95c3.jpg
 
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