Kogan scraps dividend as profit plunges
Kogan withheld its dividend after net profit plunged 87 per cent, but lockdowns have reignited sales and helped the e-tailer shrink bloated inventory.
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Kogan withheld its dividend after net profit plunged 87 per cent, but lockdowns have reignited sales and helped the e-tailer shrink bloated inventory.
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More questions than answers at Kogan.com For the many Kogan.com bears, itâs almost at the point where itâs hard to see the bull case. Save Share Online retailer Kogan.com, was one of the sharemarketâs big winners from the first round of major COVID-19 lockdowns. In founder Ruslan Koganâs words, it made the most of a âonce-in-a-centuryâ opportunity. Just over 12 months on, the $1 billion company is now the marketâs fourth most-shorted stock. In May, it issued a profit downgrade, admitting it miscalculated demand, added unnecessary costs to help its expansion,...
Kogan (ASX:KGN) share price falls on business update Kogan had a positive finish to the financial year… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn't looked back since. James is part of the CFA Institute's Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with t...