How can a business that top line revenue completely relies on grey importing product from HK be worth 800 million AUD. When the import threshold drops to $5 why would you buy a iPhone X from Kogan for more than you can buy from Apple when wait for it...from Kogan it will take over a week for delivery without a Australian AU plug!
KGN will be one of the greatest shorts in ASX history and will be talked about in 50 years time.
LOL...
KGN Price at posting:
$8.22 Sentiment: None Disclosure: Not Held