Ann: Kogan.com quarterly Cash Flow Statement and Trading Update, page-23

I agree with you. The report was written in a way that, to me, did not purposefully explain the cash flow situation either. Similar to the situation we found ourselves in in October/Novermber last year when the cash flow was poor because of re-stocking inventory for a big Christmas.

I feel this report is a setup for a strong end of year based on that customer growth rate and the outlays in this quarter.

Judging from the short data, shorts knew this report was coming too. They certainly leapt onto today as their day to trigger a sell off. I think most will close $7+ whilst continuing to spam HC with talks of $4. ASIC will be interested in that short data I reckon.

But as a multi month / year investment, this is an incredible buy opportunity we have not had for 6 months. I'll be looking to grab more tomorrow if it does indeed seek to fill the gap to $7, otherwise I'll probably just sit on my existing parcel.