While the acquisition of Matt Blatt and the acceleration in online penetration is supportive, UBS remains cautious. As stores re-open and competitive offerings emerge the broker expects the benefits for online business from the pandemic will partially reverse.
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Restaurant Brands has warned investors of a “significant decline”, online retailer Kogan has reported a huge jump in sales, Premier Investments yesterday confirmed that it has delayed re-opening some of its Australian chains while Nearmap has confirmed full-year guidance and reckons it is largely unaffected by the COVID-19 lockdown.
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Shares in online electronics retailer Kogan plunged 22% on Monday after a trading update fell short of market forecasts.
Read MoreShares in Kogan.com sold off yesterday after hitting an early high of $7.92 in early trading on news of a solid trading update given to the company’s annual meeting.
Read MoreShares in online retailer Kogan ended up 1% yesterday (in a wider market that struggled to close up 0.9% at the end of the day) after it told the ASX had seen a strong start to the financial year.
Read MoreElectronics retailer Kogan has reported a strong full-year result for 2018-19 with revenues up 6.4% and net earnings after tax jumping an impressive 21.9%, indicating the company’s profit margins expanded during the year.
Read MoreInvestors got a little excited yesterday after online retailer Kogan reported a solid operating performance in the June half-year.
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Shares in the online retailer, Kogan.com slid 33% yesterday after it revealed a sharp fall in sales of global brands in the first quarter of the new financial year.
Read MoreFY18 results were strong and ahead of estimates, albeit largely because of FX gains. Momentum in mobile and internet was a highlight but the broker is concerned about the lack of a trading update. UBS cuts FY19-21 estimates for earnings per share by -2-10%.
Read MoreAnother whacking yesterday for shares in online retailer, Kogan.com down for a second day in a row
Read MoreKogan.com’s stocks have plunged almost 12% to six-months lows yesterday after what investors said was a disappointing fourth-quarter trading update.
Read MoreKogan (KGN), the online retailer has been on the market for just over a week and is down 13%. Not the start investors in the IPO hoped for, but some argue the writing was on the wall.
Read MoreReality for local online consumer electronics retailer Kogan.com (KGN) came yesterday after the company listed on the ASX – the shares fell 30 cents, or more than 16% on its stock exchange debut.
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