KGN 0.75% $7.89 kogan.com ltd

KGN financial discussion?

  1. 94 Posts.
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    Hi guys,

    First and foremost, I apologize if these questions appear foolish to some. I'm relatively new to the stock market (about a year in, holding A2m, Xte, Vit etc). I'm trying to understand the financials side of KGN.

    How can an online company have such a thin profit margin? What is this Others expense in their statement that amounts to 3 to 6 million dollars? 6 mil FY15, 3 mil 1H16. Could it be one of the trick to boost net profit later on, hence boosting SP?

    It seems they were doing very nice in FY14, with 5 mil of net income. Has the exchange rate really killed all that profit? The numbers look so weird, for instance, Warehouse and dispatch expense FY15 doubled FY14, yet their revenue doesn't change much, and so on.

    In recent talk, I notice the number Ruslan mentioned and the number on statement doesn't quite match, e.g. he said net loss for FY15 was 300k and in statement full year FY15 loss was only 70k. I hope someone could sum up the important bits of the financial information so other investors can easily grasp the position of this company?

    Please no competition discussion here please, there are other threads for that.

    Many thanks to all and GLTAH
 
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