Share Purchase Plan
SPP to eligible share holders (holders on 9 June 2020) at $11.45 per share ... current price is $14.550
Some brokers are recommending holders NOT participate as they give their fair value below $9.
mmm ... given the relentless rise & the likelihood KGN will spend the money wisely, this might be worth a nibble.
Payment must be received by 5:00pm Melbourne time, Friday, 3 July 2020 ... I think I might wait until closer to that date to make the decision.
as per the SPP:
2.1 As announced to ASX on 11 June 2020, Kogan successfully conducted a $100 million placement at an issue price of $11.45 per share (Placement). Further details are contained in the announcements released by Kogan to ASX.
2.2 Eligible Australian and New Zealand shareholders are now invited to participate in the SPP. Kogan intends to raise approximately $15 million under the SPP (subject to Kogan’s discretion to increase this cap and accept oversubscriptions and/or scale back applications).
2.3 Kogan intends to use the proceeds of this offer to provide the financial flexibility to act quickly on future value accretive opportunities.
i think the market is wrong , but MAYBE a cashed up KGN can expand it's market share or product range , and keep increasing revenue
has been doing well so far , but this is a chaotic market
There's a lot going for KGN, but ...
CR means an extra 11% of shares ... that dilution doesn't look to be factored in by these noobs buying in at these prices
Wesfarmers are funding Catch.com.au - already one of Australia's largest online retailers, with nearly 400 staff & 45,000 sq m of warehouse space shipping over 10,000 orders per day. And there's Amazon
Recession, higher unemployment and physical retail reopening in the near term will all hit the bottom line
A lot will happen before 3 July 2020
Matt & Chris, yeah my bad ... I was stopped out of KGN & locked in over $55,000 profit ... oops ... LOL
Only fools trade without trailing stops, especially in this market, and with all the instos & analysts showing KGN as being significantly overvalued, KGN could fall sharply for a few reasons. Pity you didn't use risk assessment with your heavy investment in MNS.
put me down on the fool's list then
i never use stops
i hold KGN and WES
i try not to buy dud companies in the first place , and rescue the investment cash fairly quickly if given the opportunity
nice to see you did well
but i bought into KGN for the long term at what i thought was a fair price
will i buy more later ... that will depend on the company management decisions and share price at the time
hopefully no tears for me
i bought in sub $5.55 rescued the invested cash
i don't think i will see sub $6 again , but i could be wrong
IMO over-valued to blazes .. but the current market has patches of crazy
Currently down 5% today to $13.990
SPP price of $11.45 per share is still looking good for Friday ... but this will be a long week for Kogan.
Had a laugh at this item that popped up on my social media feeds ...
ADULT TWIST ON THE CLASSIC BOARD GAME: This adult board game is a hilarious adult twist on classic Monopoly gameplay
WORK TOGETHER…OR NOT: This adult party edition of the Monopoly game has players moving around the board contributing to community projects…unless they can steal projects to get ahead
WINNING IS FOR CAPITALISTS: Contribute to the Community Fund…unless you choose deplete it. Consider the best interest of the group…unless you want to forget that and just do what you need to do
CHANCE CARDS: Working together might seem ideal, but Chance Cards can abruptly shake things up with things such as lousy neighbours, vegan meatloaf, and bad plumbing
FUN ADULT PARTY GAME: Get ready for laughs as the twists and turns of life put a damper on working toward a shared, utopian society. Cooperation isn’t always what it’s cracked up to be In the Monopoly Socialism game players move around the board working together to make a better community by managing and contributing to projects such as a no-tip vegan restaurant, an all-winners school, or a museum of co-creation. But nobody said that cooperation is easy!
Drawing a Chance card presents the flip side of striving for the perfect utopian society. You’ll have issues with your neighbours, your DIY community projects go awry, you’re constantly voting to shake things up, and there’s always an emergency that requires dipping into the Community Fund! Contribute all 10 of your chips to win the game, unless the Community Fund runs out of money and everyone loses. So much for a socialist utopia.
The Hasbro, Hasbro Gaming, Parker Brothers, and Monopoly names and logos, the distinctive design of the gameboard, the four corner squares, the Mr. Monopoly name and character, as well as each of the distinctive elements of the board and playing pieces are trademarks of Hasbro for its property trading game and game equipment.
oh yeah ... as of last week I literally have 50 shares, just to keep skin in the game
scroll up to see ... Marcus2000 10 days ago "fair value below $9"
All the analysts have been saying for more than a week ... Moderate SELL
Repeating ... There's going to be tears
Kogan has to build customer base ... where these new acquisitions will be is crucial. They have the metrics, they've pulled out of Kogan UK, etc ... they know where the best margins are.
Insurance, cars, mobiles ... bottom line is Kogan is an internet marketing company catering to 25 million people.
The world is their oyster, but competition is fierce.
this will be a long week for Kogan ... lets see on friday whether the SPP is a goer
i have a holding in a company bigger than M2K that might be first
good luck everyone
Not only do I have just 50 shares, but they were allocated during the Reinvestment Plan on the 3000 shares I owned on 10th March.
Those 50 shares were valued at $3.80 each in March, today they're worth $16.18 on the exchange
Eligibility to participate in this current Share Purchase Plan was determined on 9 June 2020, when I owned 3800 KGN - even so, the number of shares owned on the 9th June doesn't limit the amount you can buy through the SPP today.
I just Bpaid for $30,000 ... not sure how many we'll get, I'd say the SPP will be way over subscribed considering they're $11.45 per share in the SPP and $16.18 on the exchange.
You are really not very good at this are you, little pissant?
don't give up your day job, pissant
least he has a job cunt...
What happened to the MNS page?!?