Kogan a standout in a difficult sector

Internet retailing has been one part of the market that has taken a bit of a beating lately. For example: Surfstitch, Temple & Webster and AHA Life. We did not invest in any of these. So it was good to see a company in which we did invest, Kogan, beat its prospectus forecast quite strongly. Kogan started out as an on-line retailer of consumer appliances/electronics and has expanded into many other product lines, selling big brands as well as its own private label. It listed in order to raise capital to accelerate the growth of its private label range. The Kogan result beat its prospectus revenue and margin forecasts solidly, and they continue to enjoy an increase in on-line visits of over 20% pa. While they will not be giving guidance until their AGM, a mix change towards more private label and higher margin verticals should further support a strong outlook.

In 2012, Monash Investors was established by one of Australia’s most experienced fund managers in Simon Shields, the previous head of equities at both UBS and CFS, and Shane Fitzgerald a senior equity analyst from UBS and JPMorgan. The firm was...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.