24/01/2025 16:35

Kogan (KGN) $5.07

KGN -15.22% out with a 1H25 trading update which was ahead of expectations in terms of gross sales,  through eanrings (EBITDA) was around a ~7% miss due to a combination of increased marketing spend and apparently now resolved, implementation and technology challenges associated with Mighty Ape marketplace and loyalty.

Read more

01/05/2024 09:25

Kogan.com (KGN) $5.08

The e-commerce business delivered its 3rd quarter trading update last week, which sent shares tumbling, falling more than 40% from recent highs just 7 weeks ago. Kogan.com has been making significant steps over the last ~24 months to improve the business, running inventory levels down and driving improved margins through various measures. Even until the HY update in Feb, including the January trading update, these measures had been effective, however, there seems to have been a significant shift for the rest of the quarter that caused a notable slowdown in underlying performance.

Read more

26/02/2024 16:48

Kogan (KGN) $7.57

KGN +23.69%: Stormed higher today after announcing 1H24 results that had largely been pre-released, however, new information was incrementally positive with January trading showing they’re well ahead of consensus for the 2H (i.e. upgrades to come). Same time last year, EBITDA was running at $1.5m, they’re currently running at $4.9m.

Read more

24/01/2024 16:27

Kogan.com (KGN) $5.02

KGN +14.87%: today’s trading update from e-commerce retailer Kogan was a positive one highlighting how far the business has turned around in ~12 months despite facing consumer headwinds. Gross sales are expected to fall 5.6% vs 1HFY23, thanks in part to a shift towards platform sales.

Read more

26/04/2023 16:51

Kogan.com (KGN) $3.86

Read more

07/10/2022 09:31

Kogan.com Ltd (KGN) $3.21

Another picture that tells a thousand tales is that of KGN which has been smashed post-COVID for a number of factors, the main one being management’s decision to extrapolate COVID demand out forever, prompting big increases in inventory. As demand tapered off as more normal trends re-emerged, the inventory was a real headache, and this led to discounting, higher costs...

Read more

28/07/2022 17:23

Kogan.com (KGN) $4.70

KGN +50.16%: shares in eCommerce business Kogan.com surged to 3-month highs today on the back of better-than-expected performance in the business. Sales for FY22 are expected to come in marginally above the prior year, beating out expectations of a fall from the COVID-supported growth of FY21. While sales are up, EBTIDA is expected to fall to...

Read more

11/11/2021 14:04

Emerging Companies Portfolio – Amendments

MM are selling Kogan (KGN) & buying Shaver Shop (SSG) in the Emerging Companies Portfolio

Read more

10/11/2021 09:40

Kogan.com (KGN) $9.04

While Kogan is currently showing a paper profit of 17%, it has now fallen more than 60% from late-2020 highs and now languishes near 6 month lows. There is a tidal wave of money in consumers savings accounts across the country, some retailers will see more of it than others as we head into Christmas. A recent survey showed consumers are flocking to....

Read more

22/10/2021 09:22

Kogan.com (KGN) $11.35

Arguably a more speculative play in the sector is KGN which has endured a tough 12-months on stock and supply chain issues to name a couple. We are already long in our Emerging Companies Portfolio from much lower levels but we can easily see a recovery back towards $14 plus an 8.7% short position leaves plenty of room for a squeeze over the coming weeks / months.

Read more