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ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…
Shares in ex-market darling Kogan.com Ltd (ASX: KGN) have fallen another 14% today after downgrading guidance citing warehousing and inventory complications. Today’s share price of $8.70 is another 52-week low for the company, which now means its market valuation has tumbled by more than 65% since its high in October last year. KGN share price To put…
It has been a wacky year so far. Stocks that did well during Covid-19, dubbed the “Covid-winners” such as electronics and homeware retailers Kogan (ASX: KGN) and Afterpay (ASX: APT), have been absolutely smashed, losing 44% and 30% in the last three months respectively. Kogan last week announced a profit warning: because it failed to…
Could Kogan.com Ltd (ASX: KGN) be classified as a really good ASX dividend share? The most obvious answer is the dividend yield. Using the last two dividend announcements, Kogan has a fully franked dividend yield of 2.1%, or 3% including the franking credits. In the February reporting season, Kogan’s board decided to increase the dividend by 113.3% to $0.16…
Weak open ahead, Fifth straight month for the ASX, IOOF loads up