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Kogan.Com Ltd & Redbubble Ltd: Why these shares are still rising

These three shares have delivered respectable returns to shareholders over the past year and seem to continue climbing after notching up more gains on Thursday.

Kogan.Com Ltd (ASX: KGN)

While traditional retailers such as Myer Holdings Ltd (ASX: MYR) and Harvey Norman Holdings Limited (ASX: HVN) have slumped over the past year, digital retailer Kogan.Com continues to rise.

The business, which includes an online market place offering consumers more than 50,000 products, has seen its share price rise by more than 400% over the past year after clocking up another 8.25% gain on Thursday.

And Kogan.Com continues to expand, having entered into an agreement with Greenstone Financial Services Pty Ltd allowing it to add life insurance and funeral insurance services to its portfolio.

The latest agreement compliments its insurance portfolio and follows an agreement with Medibank Private Ltd (ASX: MPL), which enables Kogan.com to offer budget health insurance policies under its Kogan Health brand.

Phileo Australia Limited (ASX: PHI)

The Phileo Australia share price was up by 8.51% on Thursday, adding to gains of about 53% over the past year.

Phileo Australia, with a market capitalisation of around $333 million, is a property development company with projects currently underway in Melbourne’s CBD, Box Hill and Bendigo.

For financial year (FY) 2017 the company posted a net profit after tax of $23.3 million, up 145% on the previous year, on an operating revenue of $46.7 million, a 265% increase on FY2016’s figure.

Redbubble Ltd (ASX: RBL)

The Redbubble Ltd share price continues to charge, gaining another 6% on Thursday.

The company, which provides an online marketplace for artists selling “uncommon designs” on products such as apparel and bags has seen its share price rise by about 67% over the past year.

Redbubble recently announced that it expects to move into EBITDA profitability during the second half of FY 2018.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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