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KGN - Kogan.com Limited

Discussion in 'Stocks I-P' started by System, Jun 13, 2016.

  1. System

    System Administrator

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    Kogan.com was founded by Ruslan Kogan in 2006, with an initial product range of two private label LCD televisions. Since then, it has grown without external equity funding to become Australia's leading pure play online retail website, generating more traffic and Google search queries than any other Australian pure play online retail website. In the calendar year ended 31 December 2015, 621,300 unique customers purchased from Kogan.com, driven by a record 52 million visits to Kogan.com's Australian website, in addition to Kogan.com's database of approximately 2.3 million email subscribers as at 31 December 2015.

    It is anticipated that KGN will list on the ASX on 30 June 2016.

    http://www.kogancorporate.com
     
  2. McLovin

    McLovin

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    Early days, but down 15% on debut.
     
  3. Craton

    Craton Mostly passive, contrarian.

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    Curious to know, did KGN decide to float before or after the purchase of DSE's online store, anyone know?
     
  4. pixel

    pixel DIY Trader

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    Not a very auspicious debut ... :1zhelp:

    KGN Debut 1sec 07-07-16.png
     
  5. SmokeyGhost

    SmokeyGhost

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    I wish holders of this share well but I have an aversion to placing my funds into an IPO. Have seen too many tank and not over the short-term either. Plus I wouldn't know a good IPO from a bad one.
     
  6. notting

    notting

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    If I had to choose to be long or short I'd be backing this guy for sure.
    He baught Dick at the Op Shop, after the fire, not when it was on fire from the used car salesman.
     
  7. McLovin

    McLovin

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    What did he pay for it though? Have a look at the lack of brands at Dick Smith now. Suppliers won't sell to an online only retailer. And the brands they do have they don't get the full range. So Samsung phones, but no Samsung TV's. No Xbox, no Playstation. It's just rebadged Kogan.
     
  8. notting

    notting

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    Wasn't really much to do with the Dick deal it was what he was doing with his online business before that. I felt what ever he bought of Dick would have just made some entry points easier into other areas of the market easier.

    Risks would be new Chinese entrants like Gearbest marketing and now selling directly to Aussies very cheaply
     
  9. notting

    notting

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    No mucking around, already got banner adds running up allover the joint.

    The Dick Smith online thing was the only thing happening for them

    Kogan Dick smith.JPG

    price stabalising and looking up.
     
  10. notting

    notting

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    Testing the lows, do we really trust him? Was he getting out while the going was still good?
    4 times over subscribed and now trading at a 23.7% discount to the float price, as it did on day one.
    :cautious:
     
  11. Ferret

    Ferret

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    Results commentary claimed the DSE purchase was working out better than expected. Price spiked on this news, but now slipping back again.
    I'm watching for a decent entry point.
     
  12. notting

    notting

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    Yeah the kept pouting the Dick Smith Online purchase all through the report like it was an infomercial.
    But they are happy with it and it may have been that which sent jitters through the dears (dears get F#$ked by stags)
    So that's all good.
    It seems the market is now looking for a few earnings reports before it fully trusts.
     
  13. dpgrubesic

    dpgrubesic

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    High risk high reward?

    or a knife waiting to fall?

    Kogan.com is a great idea and i reckon if it can become 'trusted' it could easily take market share off JBH and HVN with lower prices.

    Anyone think it could be worth a shot?
     
  14. notting

    notting

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    That should answer your question.
    I'm getting in with him!
     
  15. SuperGlue

    SuperGlue

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    Kogan_Weekly chart.PNG
    You still in notting?
    Sitting on a comfortable profit.
     
  16. SuperGlue

    SuperGlue

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    "Mr Ruslan Kogan On market purchase $158,111.85"

    And so does Ruslan Kogan.

    I would have thought that with Amazon Australia about ready to launch soon, would create more headache for Kogan.
     
  17. SuperGlue

    SuperGlue

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    BO on daily & weekly chart.
    Announcement : KGN going into pet insurance.KGN WEEKLY.JPG
     
  18. greggles

    greggles I'll be back!

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    Retail, but not bricks and mortar.

    So what can traditional bricks and mortar retailers learn from Ruslan Kogan?

    big.chart.KGN.gif
     
  19. greggles

    greggles I'll be back!

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    Looks like I spoke too soon about Kogan. The company released their Q3 FY18 Cashflow Statement today and copped a belting from the market, ending the day down $1.64 (17.75%) to $7.60.

    Revenue grew 46.1% and Kogan Mobile seems to be performing well but it might have been the $635,000 quarterly loss that sparked the sell off. Hard to tell. o_O
     
  20. notting

    notting

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    Got way ahead of itself.
    They were talking it up like it was the Ausi Amazon.
    Biggest load of crap.
    I like the company, thought it was a good bet at 1.40 and it was a good sell at 4 ish too!!!
     
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