LONG $KGN into earnings

4 ส.ค. 2020

Earnings are on the 17th of August. Watch the price action closely in the lead up.

6 ส.ค. 2020

บันทึกช่วยจำ

I get a lot of marketing emails from Kogan and there are lots of COVID-19 related medical products that are being sold by Kogan as well as through the Kogan marketplace (Kogan takes a profit from this). These products include masks, hand sanitizer, thermometers, etc.

I'm unsure as to how much of these products were sold during FY20 however, given that Victoria is in stage 4 lockdown (masks required), these products will be in high demand for some time. I especially believe that laser thermometers will become a highly bought commodity as infections increase. We've seen this already but people are not shopping at brick and mortars during lockdown (whether legally forced or not) and are buying heavily online.

With Kogan likely to provide a Q3 or even a Q4 update (based on past announcements), these purchases will be captured there and the results I think, will send the stock price higher.

Let me know your thoughts!

6 ส.ค. 2020

บันทึกช่วยจำ

One more thing, whilst this isn't a really reliable indicator, over the last three FY earnings periods, during two, the stock price rose by ~50%. In the other, the price was double from the start of August by the end (earnings month).

Food for thought if the price tapers off after earnings, could be a could platform to load up before a trampoline back up.

18 ส.ค. 2020

บันทึกช่วยจำ

As predicted, Kogan closed slightly down after earnings and is already swinging up with strong momentum. Exciting times ahead if your invested in this company.