Month: July 2018

Although Kogan showed another outstanding result this year, growing revenue 40% and EBITDA 90%, the market does not support the current valuation and has punished the share price soundly.  The day the results were announced, I sold my entire holding for a 230% gain on my average buy.  A great result, but it’s hard to…

My 4th quarter showed a return of -5.52% vs a benchmark return of +8.27%.  This was primarily due to a large decline in Kogan after the directors sold 6m shares at $7, having earlier invited offers around the $10 mark.  Nonetheless, I am pleased with my overall results for the year, showing a total return…