Australian (ASX) Stock Market Forum

KGN - Kogan.com Limited

Jump to new
Apparently there is some interest at 5ish. up 7% today!
Hasn't laid down a base, but this tends to be a V kind of stock as apposed to a U!
HVN, JBH, BBN!, and even MYR have been catching a few bids lately too!
 
More interest in KGN up over 15% in the last few days. Didn't think it will pick up again so quickly.

Kogan will report its full year results on Friday 17th.

Will be watching with interest with a potential re-entry.
 
Kogan reported FY18 results this morning.

BOOM! Watch Kogan go today.

They actually made guidance of EBITDA $26m on the lower end of $26-28m, where previously they reported they would not make guidance, hence the stock was smashed.

I re-entered yesterday around $6.25

Summary below:
upload_2018-8-17_9-1-52.png
 
Predators seem to be circling around the most heavily fallen stocks as seen from the opportunistic low-ball bid to grab the Aussie retailer Reject Shop Ltd (TRS) by some private equity group called Allensford. This shows there is good value in some of these stocks given the price fall.

Not suggesting there may be another low-ball bid on KGN by another parasite but there may be some value at these levels of $3.20's hence tipped for December competition.
 
upload_2019-1-19_6-28-29.png


Interesting move up over the last 2 days - over 30% gain after a report from good Christmas sales. What are your thoughts on Kogan as a company? Initially i was concerned about disruptors like Amazon, but im thinking there is still a place for it as a smaller locally based supplier for the medium term.

FYI i entered a trade $3.4 and plan to hold for 1-2 years.
 
mikejosef said:
View attachment 91454

Interesting move up over the last 2 days - over 30% gain after a report from good Christmas sales. What are your thoughts on Kogan as a company? Initially i was concerned about disruptors like Amazon, but im thinking there is still a place for it as a smaller locally based supplier for the medium term.

FYI i entered a trade $3.4 and plan to hold for 1-2 years.
Click to expand...
Don't know how high it'll go in the long term but it was surely due for a bounce as it was way over sold, and that's what we are seeing. See my comment earlier on 30 Nov.
 
I have had a Kogan phone plan for 18 months. Not good pick up in the bush but wherever I go an excellent system. Have no home phone line and my computer runs (tethered) through my phone. At $23 per month and 23 gigs of data, unlimited calls and texts people are increasingly turning to it. NBN, got to be joking. In fact I have of late only been using less than half so shortly will be halving the gigs for a fair price reduction too.

Recently purchased a new Kogan 24 inch TV online, delivered to my door in five days for a total of $135. And its great.

But the bit I really like is that the CEO and developer of this Company grew up and lives in Melbourne. No doubt his products are manufactured offshore, but what isn't'.

https://www.kogan.com/au/ruslan-kogan/

Ruslan appears a bright spark and I believe you could be on a good thing here aus_trader
 
https://www.theage.com.au/business/...complained-about-company-20190226-p510bd.html

Kogan.com beats Apple as most complained about company

By Patrick Hatch and Rachel Clun
February 26, 2019

Online retailer Kogan.com has been shamed as the company that customers are complaining about most often to the NSW consumer rights regulator, with a surge in unhappy shoppers after Christmas.

Data from NSW Fair Trading shows there were 70 complaints made about Kogan.com in January, up from 33 complaints about the company in January 2017 and none in January 2016.

Most (41) of the complaints about Kogan in January were over the quality of its goods, with the balance relating to delivery times, refunds and warranties.

Technology giant Apple was the second most complained about company in January, with 39 complaints. The collapsed travel agent Bestjet and Samsung Electronics were equal third with 34 complaints each, followed by Harvey Norman with 29.

Kogan.com was also the most complained about in October 2018 (36 complaints), July 2018 (42 complaints), and December 2017 (27 complaints).

upload_2019-2-27_11-12-56.png


Just over half of Kogan’s sales are from its own private label products, spanning consumer electronics, pet products, homewares, outdoors gear and exercise equipment. It also sells products from major brands.

A Kogan.com spokesman said the company had just finished its busiest half of trading ever and that its high customer satisfaction rating showed that most shoppers were happy with its service.

"When you deliver 4.5 million orders for tens of thousands of people around the country, a tiny fraction experience problems and we're always looking to improve," he said.

"We look forward to working closely with these customers to resolve any outstanding issues and continue to serve them in the future."

Australian and Competition and Consumer Commission chairman Rob Sims said on Tuesday that electronics and whitegoods retailers would be an "enforcement priority" for the watchdog this year.

“We’re concerned that many manufacturers and large retailers are not complying with consumer guarantee laws," Mr Sims said.

“Electrical and whitegoods products are the second most complained about industry after motor vehicles.”

Kogan.com has been growing rapidly in recent years as it branches into new products and services, with the number of products it ships annually growing from 2.5 to 4.5 million over the past two years.

The total value of products and services Kogan.com sold in the six months to December 31 was $277 million, up 13 per cent from $245 million in the same period a year earlier, while its number of “active customers” who purchased from the website in the past 12 months grew 32 per cent year-on-year to 1.54 million at the end of December.

Kogan.com listed on the ASX in 2016 at $1.80 and its shares have performed strongly since. They closed down 2.6 per cent at $4.14 on Tuesday. However that is down significantly on its all-time highs of almost $10 in March 2018.

NSW is the only state that publishes the names of companies that have been subject to more than 10 complaints in a month.

Companies that appear on the register are assigned a case manager to help resolve customer complaints and help improve complaint handling procedures.

If complaints appears to show that a law has been breached, they complaints can be referred to specialist NSW Fair Trading staff to investigate if any enforcement or disciplinary action should be taken.
 
Motley Fool reports
https://www.fool.com.au/2019/04/23/why-the-kogan-com-share-price-rocketed-higher-again-today/

Why the Kogan.com share price rocketed higher again today
James Mickleboro | April 23, 2019 |
One of the best performers on the Australian share market on Tuesday is the Kogan.com Ltd (ASX: KGN) share price.

Fresh from a 20% gain on Thursday, the ecommerce company’s shares are up a further 9% to $5.84 this afternoon.

Why has the Kogan share price rocketed higher?
Investors have been fighting to get hold of Kogan’s shares since the release of its business update last week.

That update revealed that company’s active customers had grown 23.4% year on year to 1,589,000 as at March 31. The increase in customer numbers helped lift gross transaction value by 17.5% and revenue by 9.5% during the third quarter.

Another positive was that margin improvement led to its gross profit growing by 28.4% and EBITDA increasing by a whopping 96.4% on the prior corresponding period during the quarter. The latter means that EBITDA is now up 15% year to date after the company recovered from a very disappointing start to the financial year.

In addition to this, Kogan announced that it was taking on Carsales.Com Ltd (ASX: CAR) and iSelect Ltd (ASX: ISU) through the launch of two new verticals.

The first is the launch of Kogan Cars in partnership with Elicpx Group Ltd (ASX: ECX).

Management advised that: “Kogan Cars will secure new cars at competitive prices from dealers across Australia while also enabling customers to trade-in cars from a wide range of makes and models. Kogan will receive fees from Eclipx Group under the arrangement. Further details will be announced closer to the launch of Kogan Cars, which is expected to occur prior to the end of the financial year.”

Another new vertical that the company has launched is Kogan Energy Compare, which “reflects its initial entry into the energy market, via the launch of an energy comparison tool enabling customers to simply upload an existing bill to see if any savings are available.”

Management advised that it intends to continue to explore a Kogan-branded energy offering in parallel to this service.

Should you invest?
Whilst I was pleased to see Kogan’s performance improve again and can’t say I’m surprised to see its shares race higher, I’m still not a buyer of its shares at this point. Due to its inconsistent performance, I intend to keep my powder dry for the time being and wait to see how its full year results look in August.

Instead of Kogan I would be buying this small cap share that has been tipped for very big things.

upload_2019-4-24_8-33-13.png
 
Motley Fool reports
https://www.fool.com.au/2019/04/23/why-the-kogan-com-share-price-rocketed-higher-again-today/

Why the Kogan.com share price rocketed higher again today
James Mickleboro | April 23, 2019 |
One of the best performers on the Australian share market on Tuesday is the Kogan.com Ltd (ASX: KGN) share price.

Fresh from a 20% gain on Thursday, the ecommerce company’s shares are up a further 9% to $5.84 this afternoon.

Why has the Kogan share price rocketed higher?
Investors have been fighting to get hold of Kogan’s shares since the release of its business update last week.

That update revealed that company’s active customers had grown 23.4% year on year to 1,589,000 as at March 31. The increase in customer numbers helped lift gross transaction value by 17.5% and revenue by 9.5% during the third quarter.

Another positive was that margin improvement led to its gross profit growing by 28.4% and EBITDA increasing by a whopping 96.4% on the prior corresponding period during the quarter. The latter means that EBITDA is now up 15% year to date after the company recovered from a very disappointing start to the financial year.

In addition to this, Kogan announced that it was taking on Carsales.Com Ltd (ASX: CAR) and iSelect Ltd (ASX: ISU) through the launch of two new verticals.

The first is the launch of Kogan Cars in partnership with Elicpx Group Ltd (ASX: ECX).

Management advised that: “Kogan Cars will secure new cars at competitive prices from dealers across Australia while also enabling customers to trade-in cars from a wide range of makes and models. Kogan will receive fees from Eclipx Group under the arrangement. Further details will be announced closer to the launch of Kogan Cars, which is expected to occur prior to the end of the financial year.”

Another new vertical that the company has launched is Kogan Energy Compare, which “reflects its initial entry into the energy market, via the launch of an energy comparison tool enabling customers to simply upload an existing bill to see if any savings are available.”

Management advised that it intends to continue to explore a Kogan-branded energy offering in parallel to this service.

Should you invest?
Whilst I was pleased to see Kogan’s performance improve again and can’t say I’m surprised to see its shares race higher, I’m still not a buyer of its shares at this point. Due to its inconsistent performance, I intend to keep my powder dry for the time being and wait to see how its full year results look in August.

Instead of Kogan I would be buying this small cap share that has been tipped for very big things.

View attachment 94044
 
All this diversification makes me uncomfortable. Why the need to do it? Just another thing to invest capital in to and try and manage. Why not maintain your core streams and make them super efficient?
 
ASX announcement this morning
20/01/2020 8:19:46 AM 3 January 2020 Business Update (uploaded)

During the first half of FY 2020 Kogan reported its biggest half of gross sales and gross profit. This was driven by record sales during Black Friday and Boxing Day.

For the six months ending December 31, Kogan’s gross sales grew by more than 16% over the prior corresponding period. Gross profit grew a touch slower and was up more than 9% on the first half of FY 2019.

The latter is a slowdown on its first quarter growth. During the first quarter gross profit was outpacing its gross sales with growth of 28% over the prior corresponding period.

upload_2020-1-20_10-26-6.png


Can only guess the market was expecting better results!!!

upload_2020-1-20_10-28-39.png


590
 

Attachments

  • KGN January 2020 Business Update .pdf
    44.3 KB · Views: 10
Last edited:
Trav. said:
wow I just had a look at the chart here and UGLY !!

I was thinking $5.50 might hold but nope....next support $5.

One to watch but not for me here.
Click to expand...
That's interesting Trav, when you consider the numbers bigdog posted look pretty good and online shopping is on the rise.
Having said that, online electronics is a crowded space, so one would think there may be casualties.
Just my opinion.
 
Top