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Kogan.com ( (AU:KGN) ) has provided an update.
Kogan.com has continued its on-market share buy-back, reporting that a total of 12,467,860 ordinary fully paid shares had been repurchased before the most recent trading day. The company disclosed that a further 86,168 shares were bought back on the previous day, as part of an ongoing program first notified in April 2023 and now updated with a daily buy-back notification, indicating continued capital management activity that reduces shares on issue and may support earnings per share and shareholder value.
The latest Appendix 3C filing with the ASX confirms this is a routine update to earlier buy-back announcements, maintaining transparency around the pace and scale of purchases. By persisting with on-market repurchases over an extended period, Kogan.com signals confidence in its balance sheet and future prospects, while potentially improving capital efficiency and returning value to investors through a lower free float.
The most recent analyst rating on (AU:KGN) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Kogan.com stock, see the AU:KGN Stock Forecast page.
More about Kogan.com
Kogan.com Ltd is an Australian online retail company listed on the ASX under the code KGN. It focuses on selling a wide range of consumer goods through its e-commerce platform, leveraging a digital-first model to serve value-conscious customers across multiple product categories.
YTD Price Performance: 3.73%
Average Trading Volume: 470,351
Technical Sentiment Signal: Sell
Current Market Cap: A$365.3M
For a thorough assessment of KGN stock, go to TipRanks’ Stock Analysis page.