Australian (ASX) Stock Market Forum

KGN - Kogan.com Limited

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There's clearly something in those results that we're not seeing. I can't see it because I'm no FA analyst and it'll be there for those that are. The reason I can be sure of this, is the price action after the news. Sure, the market may have expected more and sold off a little to take profit. The continued selloff indicates a much bigger problem.
 
KGN was in the P2 Wkly/Dly portfolio. The buy was indicated by the 1st green bar as price looked like breaking above the 7.00 resistance (big green arrow). There was a long wait before a slow rise. The trailing stop was finally above BE, but couldn't protect the trade after price opened well below it. I sold on the next open after the poor news created the huge selloff. There are times when selling quickly rather than waiting for the EOW can save me money. This seems to be one of them.

kgn2301.PNG

Reporting season is going to produce many more disappointments (CIM, DOW) it's expected, and planned for in medium to longer term trend following systems.
 
@Peter, KGN is the second one that has bitten me the way it has after good earnings report. My entry on this one was at $7.2

First one was A2M and I am still in it, just breaking even. Learned very quickly from it though....I cut loose KGN before EOD same day. What a relief that was!!

Learning from members likes yourself, @Skate, etc., on this forum!
 
Did someone mention knife catching?
:D
Kogan is on my list of actively watching, just waiting for the clear sign to pounce.
I have expected a turnaround before now, waiting catalyst patiently.
F.Rock
 
frugal.rock said:
Did someone mention knife catching?
:D
Kogan is on my list of actively watching, just waiting for the clear sign to pounce.
I have expected a turnaround before now, waiting catalyst patiently.
F.Rock
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I think Kogan, catch, JB, Harfly Normal and ebay australian sellers will have a spike, as buying junk from China will be a real problem, while this virus is around.
Just my opinion.
 
sptrawler said:
I think Kogan, catch, JB, Harfly Normal and ebay australian sellers will have a spike, as buying junk from China will be a real problem, while this virus is around.
Just my opinion.
Click to expand...
Kogan Catch ebay etc etc all source their goods from China anyway, none of them actually manufacture anything....did anyone identify the reason for Kogan's spectacular fall??
 
So_Cynical said:
....did anyone identify the reason for Kogan's spectacular fall??
Click to expand...

From SMH interview yesterday:

Mr Kogan told The Age and The Sydney Morning Herald the impacts from the COVID-19 virus were too hard to predict at this stage, saying the company was "monitoring" the situation.
"China is a global manufacturing hub, so no matter what product in any industry or category you're after, chances are the product itself or the components are manufactured in China," he said.
"It's something that could potentially have a huge impact on any product out there."
Word from suppliers was patchy, he said, with some already returning to work but others' factories still closed due to the virus. Sustained closures or delays could see damage done to the company's second-half results, he warned.
 
I am not much of a fundamental guy but the highlights look good here.

upload_2020-2-22_9-38-52.png

Market seemed to like the figures as SP increased ~ 5% since announcement. I do like the prospect of this rising so definitely worth a small position next week.
 
Afterpay and Kogan the new economy's winners

For investors, the revolutionary power of COVID-19 is permanently reshaping where the big sharemarket winners will come from. Three accelerating structural shifts to remember are
- the rise of the stay-at-home economy,
- digital payment platforms, and
- e-commerce.

The virus has suddenly brought forward the adoption curve of all three ...

Kogan.com is the market's only diversified online-only retailer that consumers have flocked to as an alternative to physical shopping.

Kogan added 62,000 active new customers in March and 139,000 in April to take its total to 1.95 million. Sales in April doubled on the corresponding period in 2019.

Similar to Amazon, its business model is to offer goods cheaper than rivals while aggressively building market share on ultra-thin profit margins. For first-half 2019-20, it reported a net profit margin of just 2.8 per cent on sales of $322.9 million. As an online-only business, Kogan also enjoys lower costs than traditional retailers with large store rental and staff overheads.

Kogan.com is building out its marketplace business that allows third parties to sell goods on its website. This reduces working capital demands and potentially permits greater profitability down the line.

Kogan shares have more than doubled since March and are up 475 per cent from their $1.80 2016 IPO price.
 
Now that's an uptrend!

Looks like Ruslan Kogan is having the last laugh. KGN is one of a handful of stocks that has done very well during the coronavirus crisis. Kogan was right about one thing: the future of retail is online. Bricks and mortar is now mortally wounded. It won't die completely anytime soon of course, but the growth in online retail is going to be huge in the next few years.

big.chart-KGN.gif
 
I believe direct result of SPP below $12.dilution.,.
I sold a packet on the market friday and will participate to the same amount....
 
Anyone here subscribe to Kogan SPP - My broker took the $30000 for maximum allocation and allocation day was 10/7 nothing seen yet - anyone else have a delay
And how much were you scaled back?
 
who'd have thought? Just another operator.

Kogan.com is facing millions of dollars in penalties after the Federal Court found the online retailer misled consumers over tax-time discounts by lifting prices and then ‘‘discounting’’ them, breaching Australian Consumer Law. The court upheld allegations made by the Australian Competition and Consumer Commission, which found Kogan.com misled customers by raising the prices of products immediately before advertising tax-time discounts of at least 10 per cent.
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Kogan.com ran the online promotion from 27 to June 30, 2018, advertising to consumers that they could use the code "TAXTIME" to reduce prices by 10 per cent at the checkout. The promotion was advertised on Kogan’s website, in emails it sent to more than 10 million consumers and in text messages to more than 930,000 consumers.

The Federal Court found that the advertisements conveyed false or misleading representations because Kogan.com had increased prices of more than 600 products by at least 10 per cent immediately before the promotion. Kogan also reduced the prices of these products shortly after the promotion ended, many back to their pre-promotion prices.
 
Not great, but in the grand scheme of things, it's a speed bump.
 
freebird54 said:
Anyone here subscribe to Kogan SPP - My broker took the $30000 for maximum allocation and allocation day was 10/7 nothing seen yet - anyone else have a delay
And how much were you scaled back?
Click to expand...
I asked 7.5k, got around 1k, money remaining was credited back this week by direct credit and shares allocated on my account too ,this week.
am with Bell direct
 
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