Shares in online retailer Kogan.com have plunged more than 13% to below $9 in opening trade on Friday after the company slashed its FY2021 earnings below market expectations in its latest trading update. While the business declined to offer forward guidance during its half-yearly results in February, today the business (ASX: KGN) said it expects… Read more »
Kogan.com co-founders Ruslan Kogan and CFO David Shafer a selling a 6.9% stake in the business as the company’s share price soars to record highs following its FY20 results this week. In a note to the ASX this morning, the company (ASX: KGN) said the duo are selling 7.3 million shares. Kogan shares hit $22.99… Read more »
Kogan.com shares have jumped more than 11% in early trade on Thursday morning after the online retailer announced it had successfully raised A$100 million in an institutional placement on Wednesday. Within 30 minutes of trade resuming today, shares in the multi-pronged ecommerce business (ASX: KGN), had climbed to $13.79, up from Tuesday’s closing price of… Read more »
● Kogan.com is raising $100 million on the ASX in a fully underwritten placement at A$11.45 per share ● The price is a 7.5% discount to Tuesday’s closing price of A$12.38 ● An addition $15 million is being raised via a share purchase plan ● The raise is “to act quickly on future value accretive… Read more »
Online retailer Kogan has acquired the intellectual property of Dick Smith for an undisclosed sum from Ferrier Hodgson, the troubled company’s receivers and managers. Kogan will operate Dick Smith as an online channel to its own from 1 June 2016.
Last week I wrote about two new startups which allow users to buy groceries online and have them delivered in just two hours by a personal shopper. The Australian grocery space is evidently the cool place to be, because online retailer Kogan has now launched a grocery division called Kogan Pantry.