Here's a quick recap of how Kogan shares have performed recently. 

Big jump after results 

Kogan is an Australian pure-play online retailer. The ASX retailer primarily caters to value-driven consumers through its private label products, spanning multiple categories including consumer electronics, appliances, homewares, hardware and toys.

In late February, Kogan shares jumped 36% across just a few days following the company's half-year results.

However since then, its share price has been on a steady decline, dropping 13% in the last month. 

All in all, Kogan shares are almost even from where they started in 2026. 

So, what's Bell Potter's updated view?

It seems that Bell Potter has cautious optimism on Kogan's future.

In a new report released yesterday, the broker it said its 1H26 result, from a revenue, gross profit, adjusted EBITDA and dividends perspective, significantly beat Bell Potter's estimates. 

KGN delivered 1H Adjusted EBITDA margins of 7.5% toward the top end of the margin guidance range of 6-9% for FY26. The Nov-Dec seasonal period in particular was a sizable beat to BPe growing at 12% in gross sales at Kogan.com (Aus) despite cycling 47% comps in the pcp (based on BPe).

The broker also adjusted its outlook going forward. 

We make changes to our revenue and EBITDA assumptions factoring in the 1H beats and the current run-rate. We also apply some conservatism throughout our estimates given the growing competition within KGN's category in a more challenging consumer landscape. 

This sees our medium term Adjusted EBITDA margins towards the bottom end of KGN's target margin range of 8-12% and below company expected longer term margin aspirations towards +20%.

The net result sees NPAT forecasts +11%/+10%/+3% for FY26/27/28e.

Updated price target 

Based on this guidance, the team at Bell Potter has maintained its hold recommendation on Kogan shares. 

However, the broker did increase its target price to $3.80 (previously $3.30). 

Based on this target, it appears Kogan shares are close to fair value. 

Yesterday, Kogan shares closed at $3.66, which is roughly 3.5% lower than the target price from Bell Potter. 

The broker said:

While KGN has seen some sizeable beats in the latest result and has seen some conducive performance in the Australian business, we remain cautious on the sensitivity of the marketing investment required to cycle 2H comps in a challenging and competitive e-commerce landscape, with potentially Kogan First seeing some normalisation in the current paid subscriber base.

The post What is Bell Potter's latest outlook for Kogan shares? appeared first on The Motley Fool Australia.

For you to be entitled to a stock's next dividend, you must own it before its ex-dividend date.

Here are some of the ASX shares going ex-dividend next week.

ASX shares with ex-dividend dates next week

The post 32 ASX shares about to go ex-dividend appeared first on The Motley Fool Australia.

In a statement to the ASX on Monday, Kogan.com said it had boosted gross sales by 16%, while revenue was 5% higher at $287.6 million.

Adjusted EBITDA was $24.4 million, down 3% on the same period the previous year, while net profit of $8.2 million was down 20%.

Despite a decline in some figures, the team at RBC Capital Markets said it was a "very strong result," beating EBITDA expectations by 23%.

The RBC team added:

Pleasing to us, the significant beat to expectations for EBITDA has been driven by both segments Kogan.com (+16.5% vs consensus) and Mighty Ape (+15.1% vs consensus). January trading (revenue growth: +7.8%) is tracking below current consensus expectations for 2H26 (+13.8%). However, we note this has been driven by weaker than expected top-line growth at Mighty Ape with Kogan.com tracking ahead. Given the well-flagged and one-off nature of issues within the Mighty Ape segment, we expect the market may choose to look through lower than expected performance in this segment in early 2H26.

And it seems that was the case, with Kogan.com shares trading 6.8% higher at $3.30 around noon on Monday.

Fleshing out the results further, the company said it had 3 million active customers on Kogan.com at the end of the half, up 28% year on year, while Mighty Ape had 700,000 customers, up 3%.

The company also increased its interim dividend by 14.3% to 8 cents per share, fully-franked.

Company well-positioned

Kogan.com chief executive officer Ruslan Kogan said the company was performing well.

Kogan.com's consistent focus on delivering value to our growing customer base is driving significant momentum across our business. Our platform's strength allows us to continuously improve the shopping experience and deliver increasing value for our customers. We are very pleased with our ability to grow and serve over 3 million Active Customers. This dedication to value resonated during the crucial Christmas trading months of November and December. By helping millions of shoppers stretch their holiday budgets, we achieved a 35% increase in Adjusted EBITDA over the period.

Mr Kogan said there had been a "deliberate operational and inventory reset'' within the Mighty Ape division, and he was encouraged by the early signs of that strategy paying off.

Mr Kogan added that the company was well-positioned in challenging times.

The broader economic environment remains challenging for many households. In times like these, customers gravitate towards trusted brands that consistently deliver value. The Kogan Group is well positioned in this regard, having built its reputation on providing marketing leading prices, supporting customers with unbeatable value that makes everyday shopping more affordable.

RBC has a bullish price target of $5.50 on Kogan.com shares. Kogan was valued at $302.4 million at the close of trade on Friday.

The post This online ASX retailer is trading strongly higher after beating earnings expectations appeared first on The Motley Fool Australia.

But not all of my ASX stocks did well in 2025. In fact, two stood out as notable laggards.

Two ASX shares that dragged on my portfolio in 2025

CSL Ltd (ASX: CSL)

I first picked up CSL shares a number of years ago for about $225 each. This healthcare stock had a horrid 2025, which prompted me to pick up some more shares at just under $200. Alas, CSL finished the year at $172.65 each. That means my position went backwards by the best part of 30% last year. Ouch. At least I didn't buy my entire position on 1 January last year, which would have lost me closer to 40% of my investment.

Even so, CSL was a stinker investment. But I'm not too worried. For one, it is still growing, with the company reporting underlying profit growth of 14% in August for its full-year earnings.

Yes, the company is facing some short-term hurdles, particularly from US tariffs. But as a world-leading vaccine and blood plasma medicine manufacturer, I think its long-term future is bright. Some experts agree, with Morgan Stanley recently giving the company a buy rating and a 12-month share price target of $256.

Kogan.com Ltd (ASX: KGN)

ASX e-commerce share Kogan is my other 2025 stinker. This stock had a disastrous year last year, falling from $6.21 to the $3.67 it finished December. That's a drop with a nasty 40.9%.

I'll admit, I didn't buy this ASX share at the right price. Kogan has had a few issues in recent years, including problems with its acquisition of the New Zealand-based Mighty Ape. But I'm not selling, as I think Kogan is primed for a recovery. Its 2025 financial results were encouraging, with Kogan reporting 6.2% revenue growth and a 12.7% lift in net profits.

With the company writing down some of the goodwill from its Mighty Ape acquisition last year, I feel confident that 2026 will be a better year. I am also encouraged by the ongoing share buyback program Kogan is pursuing. Given the company's low share price over much of 2025, this should boost shareholder returns quite nicely in the years ahead.

The post Time to sell? These were my worst ASX shares in 2025 appeared first on The Motley Fool Australia.

Household spending can be linked to metrics like inflation, interest rates and CPI. 

When times are tough, we're less likely to splurge on non-essential items like electronics and jewellery. 

Two ASX consumer discretionary stocks that offer these kinds of products are Lovisa Holdings Limited (ASX: LOV) and Kogan.Com Limited (ASX: KGN). 

The team at Bell Potter has just released fresh guidance on both these consumer discretionary stocks. 

Here's the latest analysis from Bell Potter. 

Lovisa Holdings Limited (ASX: LOV)

Lovisa offers affordable, on-trend fashion jewellery and other accessories. 

Its vertically integrated business model involves developing, designing, sourcing, and merchandising 100% of its Lovisa-branded products.

Its stock price has experienced plenty of volatility this year, and at the time of writing, is trading at $30.68 per share. 

However, as the chart shows below, shares have been as high as $43.00 and as low as $21 in 2025. 

The company held its AGM last week. 

Following the AGM, Bell Potter maintained its hold recommendation on this ASX consumer discretionary stock. 

However, the broker reduced its price target to $33.50 (from $42.00 previously). 

Bell Potter reduced its price target on the company primarily because the latest trading update showed softer-than-expected comparable sales and a need to temper earlier, more optimistic assumptions, which flowed through to lower earnings forecasts and a lower valuation multiple.

Our Price Target decreases by ~20% to $33.50 (prev $42.00). Along with our earnings revisions, we also reduce our target P/E multiple to ~32x on FY27e (prev. 38x on FY27e) to reflect the de-rating in LOV/broader peer group and our relative expectations for growth within our overall coverage.

Kogan.Com Limited (ASX: KGN)

This consumer discretionary stock is an Australian pure-play online retailer. 

The company primarily caters to value-driven consumers through its private label products, spanning multiple categories including consumer electronics, appliances, homewares, hardware and toys.

Kogan's share price has dropped 50% year to date. 

Following its AGM last week, Bell Potter maintained its hold rating but reduced its price target to $3.30 (from $4.30 previously). 

The broker said EBITDA for the period was at the lower end of the 6-9% EBITDA margin guidance for FY26.

It also noted that while the company does showcase some stability, it is focused on the Nov-Dec period for the Australian business, as challenging comps are being tested. A path to recovery is expected in the NZ business in 2H thereafter.

We continue to view EBITDA margins as highly sensitive to the investment into sustaining the GS/customer/subscriber growth. At our revised PT of $3.30 the total expected return is <15% so we maintain our HOLD rating.

Based on the broker's revised price target of $3.30, there is an estimated upside of 9.27% from Kogan's closing price yesterday of $3.02. 

The post Lovisa vs Kogan – Which consumer discretionary stock does Bell Potter prefer? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Gentrack Group Ltd (ASX: GTK)

The Gentrack share price is up 7.5% to $6.82. This morning, this billing software company revealed that its new g2 platform has been selected to enhance operations and customer experience at Pennon Water Services. It is one of the UK's leading business water and wastewater retailers. This marks the first customer to adopt g2 in the UK, and the first g2 water implementation. In other news, Bell Potter reaffirmed its buy rating on Gentrack's shares with a reduced price target of $9.80. It said: "We are positive on secular tailwinds in decentralised energy driving utility billing stack transformations broadly."

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up over 1% to $3.03. Investors have been buying this online retailer's shares following the release of an update at its annual general meeting. Kogan revealed that in the first four months of FY 2026, adjusted EBITDA was $10.1 million with a margin of 6.5%. The latter is within its guidance range of 6% to 9%.

Webjet Group Ltd (ASX: WJL)

The Webjet share price is up over 2% to 91 cents. This has been driven by news that the online travel agent has received another takeover offer. Helloword Travel Ltd (ASX: HLO) made an offer of 90 cents per share earlier this week, but this morning BGH Capital has joined the bidding with a 91 cents per share proposal. In response, the company said: "After carefully considering the revised BGH proposal, the Webjet board has agreed with BGH's request to provide BGH with an opportunity to conduct due diligence, subject to the parties agreeing to a mutually acceptable non-disclosure agreement."

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up 4% to $66.82. This morning, this logistics solutions technology company released its annual general meeting update and reaffirmed its guidance for FY 2026. WiseTech's new CEO, Zubin Appoo, said: "Looking ahead, we reconfirm our guidance and expect revenue between $1.39 and $1.44 billion and EBITDA of $550 to $585 million. As outlined when we announced our FY25 Results in August, the e2open integration will temporarily impact margins – and that is exactly as planned. We have a clear execution roadmap, backed by more than three decades of successfully integrating strategic acquisitions and rebuilding margin strength. We know how to do this."

The post Why Gentrack, Kogan, Webjet, and WiseTech shares are pushing higher today appeared first on The Motley Fool Australia.

Kogan is best known for its retail platform that sells numerous items such as phones, TVs, computers, tablets, other consumer electronics, appliances, furniture, clothes and lots more.

It also has other offerings including mobile, home internet, insurance, travel, credit cards and energy.

The Kogan share price has had a rough time of it over the last few years since the COVID-19 boom of online shopping in 2020; it's down more than 80% since 2020.

You'd think the ASX dividend stock was experiencing deteriorating sales and very limited prospects for profitable growth with how far it has fallen. However, that's not reality and the business could be a dark horse contender to be a surprisingly good ASX dividend stock.

Pleasing passive income potential

In the 2025 financial year, the business decided to pay an annual dividend per share of 14 cents.

If the business was to repeat that in FY26 with (100% franked) dividends of 14 cents per share, that'd equate to a grossed-up dividend yield of 6.5%, including franking credits.

The estimate on CMC Markets suggests in FY27 it could pay an annual dividend per share of 16.8 cents. That could equate to a grossed-up dividend yield of 7.8%, including franking credits.

There are not many growing businesses that may offer a dividend yield as strong as that in the next couple of years.

Let's take a look at whether the business is actually growing.

The ASX dividend stock is making progress

While the FY25 result included a $46.3 million impairment of goodwill related to New Zealand-based Mighty Ape, other numbers were positive.

It reported gross sales growth of 15.1% to $930.9 million and 6.2% growth of revenue to $488.1 million. Gross profit grew 12.7% year-over-year to $189.9 million.

Kogan also reported 35.1% year-over-year growth of active customers to more than 3.5 million. The group's platform-based sales grew by 24.4% to $111.9 million, which comes with high profit margins and leveraging its capital-light model.

The month of July 2025 saw group gross sales growth of 26.5% year-over-year to $80.7 million, with Kogan.com gross sales growth of 32.5% to $70.4 million. Group revenue increased 2.6% year-over-year to $41.3 million.

The forecast on CMC Markets suggests the ASX dividend stock could achieve earnings per share (EPS) of 22.3 cents in FY27. It's trading at 14x FY27's estimated earnings, which I think looks cheap if it grows its revenue and EPS.

The post 1 ASX dividend stock down 88% I'd buy right now appeared first on The Motley Fool Australia.

The e-commerce business benefited from huge online demand in 2020 as well as strong overall retail spending. But the reopening of the economy, excess inventory, and a weak period of retail spending amid high inflation have led to a major decline in investor excitement.

Plus, there is strong competition from other discount retailers such as Kmart and Temu.

The ASX share has fallen so much that it has been removed from the S&P/ASX 300 Index (ASX: XKO). A $10,000 investment five years ago would not have done well, to put it mildly.

Now that there's less attention on the business, is this the right time to invest?

Good business progress

The FY25 result showed a number of positives, including growth of its top line.

Gross sales increased by 15.1% year over year to $930.9 million, while revenue increased by 6.2% year over year to $488.1 million.

The gross profit margin improved by 2.3 basis points (2.30%) to 38.9%, enabling the gross profit to increase by 12.7% to $189.9 million.

Excluding its goodwill impairment of Mighty Ape, the business remains profitable. In FY25, it generated $35.8 million of adjusted EBITDA, $24.1 million of adjusted EBIT, and $14.9 million of adjusted net profit.

The ASX share also reported that its group active customers increased to more than 3.5 million, group platform-based revenue jumped 24.4% to $111.9 million, and Kogan FIRST (its membership) revenue increased 17.5% to $51.3 million.

The platform-based revenue growth is particularly pleasing because it comes with operating leverage and it's capital-light.

Promising outlook for the ASX share

The company reported that its group adjusted EBITDA margin was 7.5% in FY25. It wants to reach an adjusted EBITDA margin of between 8% to 12% in the medium term and more than 20% in the long term.

While those goals aren't guaranteed to be reached, I think just a progression of the EBITDA margin would excite the market in the longer term, in my view.

The ASX share revealed good growth in its trading update for July 2025. Gross sales increased 26.5% year over year to $80.7 million, while revenue increased 2.6% year over year to $41.3 million.

The business also paid an annual dividend per share of 14 cents in FY25, which translates into a dividend yield of 4.4%, excluding franking credits.

Using the forecasts on Commsec, the Kogan share price is valued at 16x FY26's estimated earnings and 12x FY27's estimated earnings. While it may be unloved, I think this ASX share could be a dark horse to produce good returns over the next two to three years.

The post Down 86%! Thank goodness I didn't invest $10,000 in this ASX share five years ago – but should I buy today? appeared first on The Motley Fool Australia.

With the August reporting season done and dusted, scores of companies have ex-dividend dates next week.

If you're keen to buy any of these ASX shares while they are still trading cum dividend, time is running out!

To receive a stock's next dividend, you must buy or already own it before the ex-dividend day.

We provide a sample of the ASX shares going ex-dividend next week below.

35 ASX shares about to go ex-dividend

The post 35 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is up 19% to $5.31. This follows the release of the broadband provider's full year results this morning. Aussie Broadband posted an 18.7% increase in revenue to $1,187.1 million and a 14.7% lift in underlying EBITDA to $138.2 million. The latter was at the top end of its guidance range. Looking ahead, management expects further growth in FY 2026 and is forecasting underlying EBITDA of $157 million to $167 million. This represents growth of 14% to 21%.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up over 3% to $4.16. Investors have been buying the ecommerce company's shares following the release of its FY 2025 results. Kogan posted a 6.2% increase in revenue to $488.1 million but an 8% decline in adjusted EBITDA to $36.8 million. This represents an adjusted EBITDA margin of 7.5%. Management is guiding to a potential improvement in this metric in FY 2026, with a target of 6% to 9%. And longer term, it is aiming for greater than 20%.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 3% to $2.18. This morning, this lithium giant released its FY 2025 results and reported revenue of $769 million and underlying EBITDA of $97 million. While both were down sharply year on year, they appear to have been better than feared. Commenting on the result, Pilbara Minerals CEO, Dale Henderson, said: "FY25 marked a transformational year for PLS. While the lithium market experienced material pricing pressure, we maintained strong operational performance, completed a major phase of capital investment, and positioned the business for the next phase of growth." It is also worth noting that a number of lithium stocks are charging higher today following a strong finish to last week for their peers on Wall Street.

Polynovo Ltd (ASX: PNV)

The Polynovo share price is up over 8% to $1.19. This has been driven by the release of the medical device company's FY 2025 results. It reported a 28.9% increase in sales to $118.6 million and a 151.2% jump in net profit after tax to $13.2 million. Acting CEO, Dr Robyn Elliott, said: "FY25 has been a successful year with significant growth in all major indicators: patients treated, units sold, revenue, profit and regulatory approvals. I thank our staff for their dedication and look forward to FY26, as we drive the commercial roll out of MTX and deliver increased value and positive outcomes for all our stakeholders."

The post Why Aussie Broadband, Kogan, Pilbara Minerals, and Polynovo shares are storming higher appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Audinate Group Ltd (ASX: AD8)

The Audinate share price is down 22% to $4.76. Investors have been selling this audio-visual networking solution provider's shares following the release of another disappointing full year result. Audinate posted a 33% decline in revenue to US$40 million and a 26% decline in gross profit to US$32.9 million. This ultimately led to the company's net profit swinging to a loss of A$6.4 million for the year. One positive is that management is expecting an improved performance in FY 2026 and is guiding to gross profit growth of 13% to 15%.

DigiCo Infrastructure REIT (ASX: DGT)

The DigiCo Infrastructure REIT share price is down 11% to $2.86. This follows the release of the data centre operator's full year results. DigiCo reported FY 2025 annualised underlying EBITDA of $99 million, which is ahead of its prospectus guidance. However, its guidance for FY 2026 was somewhat uncertain and may have spooked investors. It stated: "FY26 EBITDA growth will ultimately be dependent on the timing of new contract commencements, renewals and remixing of existing capacity in the Australian business."

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down 3.5% to $3.86. This follows news that the struggling ecommerce company is writing down the goodwill of its Mighty Ape acquisition. It advised that "the decision to write down the goodwill reflects a recognition of the poorer-than-expected trading performance and longer than anticipated recovery from the platform technology challenges following the October 2024 website upgrade. This was compounded by the recent challenging retail environment in New Zealand marked by weak consumer confidence." The value of goodwill associated with the disastrous Mighty Ape acquisition was $46.3 million at 30 June 2024.

New Hope Corporation Ltd (ASX: NHC)

The New Hope share price is down 5.5% to $4.29. Investors have been selling this coal miner's shares following the release of its full year update. New Hope revealed an 18.1% increase in group saleable coal production to 10.7Mt, but an 11% decline in its average realised sales price. This ultimately led to it reporting underlying EBITDA of $765.8 million for FY 2025, which is down from $860 million a year earlier.

The post Why Audinate, DigiCo, Kogan, and New Hope shares are tumbling today appeared first on The Motley Fool Australia.

Kogan shares are proving to be a major drag on the markets so far today. The e-commerce stock closed at a flat $4 a share last week. But this morning, those same shares opened at $3.93 before dropping as low as $3.79. That was a 5.25% drop at the time. At present, Kogan has recovered a little and is back up to $3.86 a share. Even so, that still translates into a 3.6% loss for the day so far.

So why are Kogan shares being so severely punished by investors today?

Well, it appears the culprit is an ASX announcement Kogan made to the markets just before open this morning.

Kogan drops on Mighty Ape impairment

This announcement revealed that Kogan's board has decided to write down the value of goodwill associated with the 2020 acquisition of the Mighty Ape brand in New Zealand.

The write-down will come in the form of a one-off, non-cash impairment that will not impact the company's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA). The final writedown amount was not released today. Kogan informed investors that it will be included in the company's upcoming earnings report. That's scheduled for release on 25 August next week.

As of 30 June 2024, the value of Might Ape's goodwill was estimated at $46.3 million.

Here's how Kogan explained why it has made this write-down decision:

The decision to write down the goodwill reflects a recognition of the poorer-than-expected trading performance and longer than anticipated recovery from the platform technology challenges following the October 2024 website upgrade1. This was compounded by the recent challenging retail environment in New Zealand marked by weak consumer confidence.

While the Company continues to believe that the Mighty Ape business will return to positive trading performance in the second half of FY26, the Board considers the write down of goodwill to be a prudent measure notwithstanding their ongoing confidence in the Mighty Ape business and brand.

It's clear that investors were not impressed with this announcement today, judging by how Kogan shares have reacted so far this session.

Kogan share price snapshot

Today's share price drop would be particularly unwelcome for shareholders, as it is just the latest setback for the company. Kogan has had a horrid year, with its shares down almost 27% year to date.

Over the past 12 months, investors are also nursing a loss of 12.4%. The all-time highs of $25 a share that we saw back in 2020 are also a distant memory at this point.

At the current Kogan share price, this ASX 200 stock is trading on a market capitalisation of $385.85 million. That's with a trailing dividend yield of 3.71%.

The post Nasty drop: Why are Kogan shares down 5% today? appeared first on The Motley Fool Australia.

Here in Australia, most ASX shares report earnings twice a year. The first window for these earnings normally runs over February and March. The second, over August and September.

Now, not all ASX shares report in this window. Some of the ASX banks are notable exceptions, for instance.

But most do. And when we get a look at the latest numbers from these stocks, it can often set the tone for the markets over subsequent months. To put it simply, earnings season is kind of a big deal.

So today, let's discuss how I'm personally preparing for this busy time in the markets.

How I'm preparing my ASX earnings season watchlist

First off, it's important to note that I rarely engage in selling ASX shares during earnings season. Earnings are a time of heightened emotions, and companies' share prices can swing wildly after they report earnings. Sometimes, the market initially decides it loves a report, only to send the shares lower in subsequent days. The opposite also happens.

As such, I tend to stay on the side lines unless the market wildly overreacts to a company that I've been eyeing off and offers up an illogically low share price.

Instead, I'll first be going over the reports of companies already in my portfolio, and making sure that management is doing what they've previously told us they would. Honesty and openness are traits I love to see in the management teams of the companies I own, and this is always most evident at this time of year.

More things to watch

But raw earnings numbers matter too. There are a few stocks in my portfolio that are currently 'on watch' for poor performance. These include Endeavour Group Ltd (ASX: EDV) and Kogan.com Ltd (ASX: KGN). I'll be watching these two names particularly closely to make sure they are carrying out the changes that they've said they will make to improve business performance.

Otherwise, I'll also be watching how the numbers (and subsequently, the share prices) look at some of the companies that I would love to own, but haven't bought yet. I'm very excited to see what TechnologyOne Ltd (ASX: TNE) has to say in its ASX earnings, for example. Ditto with REA Group Ltd (ASX: REA).

And of course, I can't wait to see what the big dogs of the ASX, the usual suspects like Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), Telstra Group Ltd (ASX: TLS), Wesfarmers Ltd (ASX: WES), and the rest, have to show for themselves too.

See you next month for the earnings debriefs.

The post How I'm preparing my ASX earnings season watchlist appeared first on The Motley Fool Australia.

The consumer discretionary company is down 10.95% in that span. 

The company operates as an online retailer in Australia, offering various brands across a range of categories, including electronics, appliances, homewares, hardware, toys etc. 

Since reaching $6.30 a share in December last year, the share price has fallen more than 40%. 

Why the fall?

It seems investors were scared off by disappointing earnings results. 

In April, the company released a third-quarter trading update that included a reported 6.2% decline in gross sales to $178.3 million.

In May, Kogan provided a trading update for the first four months of 2025 that included a 0.7% decline in revenue, a 37.5% decline in adjusted EBITDA to $6.8 million, and a 63.7% decline in adjusted EBIT to $2.5 million. Following today's decline, Kogan's shares are now down 32% since the start of the year.

The question now is whether the stock price has fallen below its intrinsic value.

Is there upside?

Messaging from the company has pointed towards a website platform upgrade that was announced in February, which affected its sales performance and inventory levels.

Ruslan Kogan, the CEO of Kogan also added one million shares to his personal portfolio in February, signalling long term confidence in the company. 

Discretionary shares are also largely dependent on economic conditions. 

Discretionary shares are companies that sell non-essential goods—things people buy when they have extra money, like electronics, appliances, furniture or clothes/fashion items. 

Kogan is a major online retailer selling value-focused tech and lifestyle products.

Lower interest rates can reduce mortgage and credit costs, leaving consumers with more disposable income to spend on non-essential items like electronics—boosting sales for retailers like Kogan.

What are brokers saying?

Based on price targets from brokers, it seems Kogan shares have now dipped into the undervalued range. 

Currently Broker Bell Potter has a target price of $5.00 which would suggest the share price can climb more than 33%. 

However in a report issued in May the broker did identify competitive intensity in the e-commerce industry as a key risk. 

Trading View has a one year price target of $5.48, while online brokerage platform Selfwealth has an average price target of $5.24. 

The post Kogan shares just hit a 52-week low – is it time to buy? appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down 8% to $4.15. Investors have been selling this ecommerce company's shares following the release of another disappointing trading update. For the first four months of the second half of FY 2025, Kogan posted a 0.7% decline in revenue, a 37.5% decline in adjusted EBITDA to $6.8 million, and a 63.7% decline in adjusted EBIT to $2.5 million. Following today's decline, Kogan's shares are now down 32% since the start of the year.

Monash IVF Group Ltd (ASX: MVF)

The Monash IVF share price is down 11.5% to 75.2 cents. This morning, this fertility treatment company downgraded its guidance for FY 2025. It now expects its underlying net profit after tax to be approximately $27.5 million for the year. This is down from its previous guidance range of $30 million to $31 million. Management said: "The revised guidance reflects the Company's assessment of softer market and operating conditions in March 2025 that worsened in April 2025 across all of the Company's geographic markets."

OFX Group Ltd (ASX: OFX)

The OFX share price is down over 30% to 91 cents. This money transfer and foreign exchange provider's shares have been hammered following the release of its full year results this morning. OFX Group posted a 0.9% decline in turnover to $38.1 billion, a 3.4% reduction in revenue to $221.9 million, and an 18.2% fall in underlying net profit to $27.7 million. It also warned: "In light of the global economic uncertainty, OFX Group is not providing NOI guidance for FY26."

ResMed Inc. (ASX: RMD)

The ResMed share price is down 4% to $37.36. This appears to have been driven by news that Apnimed's oral pill for obstructive sleep apnoea (OSA), AD109, has met its primary endpoint in a phase III trial. Apnimed's CEO, Larry Miller, said: "The positive results from our Phase 3 SynAIRgy trial bring us closer to realizing our vision of offering a simple, safe, and effective oral drug — one that is grounded in science, driven by unmet need, and centered on people with OSA."

The post Why Kogan, Monash IVF, OFX, and ResMed shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 300 stock is down 12% to $3.99.

Why is the Kogan share price crashing?

Investors have been selling the ecommerce company's shares this morning following the release of a trading update.

According to the release, Kogan has achieved sales growth and profit margins during the four-month period to 30 April.

The core Kogan.com business achieved gross sales growth of over 24% compared to the prior corresponding period. This was driven by a strong performance across its Kogan FIRST, Marketplace, and Verticals divisions.

The company notes that active customers increased to 2.7 million, representing year on year growth of 38%. This performance resulted in Kogan.com's gross profit growing 16%, which is enabling the ongoing strategic reinvestment of incremental profitability into marketing and promotion initiatives.

Management believes that an increase in marketing and promotional investment of 39% year on year (more than gross sales growth) will support the long term growth of its loyalty program and ecosystem.

Things haven't been positive for the struggling Mighty Ape business, which has continued to be impacted by technical challenges. This follows a website platform upgrade that was announced in February, which affected its sales performance and inventory levels. Management believes an improved performance is coming, though. It said:

Early signs of recovery are evident, with Gross Sales showing positive momentum driven by the Mighty Ape Marketplace scaling rapidly since launch. Over the coming months Mighty Ape will continue to right-size inventory levels. The Company expects Mighty Ape to return to profitable trading performance in FY26.

Revenue and profits decline

The sum of the above, is the ASX 300 stock posting a 0.7% decline in revenue, a disappointing 37.5% decline in adjusted EBITDA to $6.8 million, and an even larger 63.7% decline in adjusted EBIT to $2.5 million for the four months.

Nevertheless, management believes that its margins will improve over the remainder of the half. It explained:

The Company is pleased that notwithstanding the significant marketing investment at Kogan.com and the ongoing technical challenges at Mighty Ape, it was able to deliver Group Adjusted EBITDA Margins of 5%, which is expected to increase in the coming months as the marketing investments continues to bear fruit, and the technical challenges are progressively resolved.

Prior to today, the Kogan share price was down 26% year to date.

The post Why is the Kogan share price crashing 12%? appeared first on The Motley Fool Australia.

According to an ASX disclosure, Kogan purchased the shares through a trust on 25 and 26 February on-market at an average price of $4.77 each.

The $4.77 million purchase raised his stake in the online empire he founded in 2006 from 15.01% to 16.86%.

What makes this purchase particularly interesting is that, apart from participating in a Share Purchase Plan in July 2020, Kogan hasn't bought shares since the year that the company was floated in 2016.

His purchase follows the company's return to profitability in FY24 after several hard post-COVID years.

Why does this bode well for the ASX 300 retail share?

Any time a senior manager purchases shares in the business they help run, it indicates their personal confidence in the company's future.

They are essentially 'putting their money where their mouth is' and investing their own savings into the business, obviously with the expectation of a future gain.

When Kogan released its 1H FY25 results last month, Ruslan Kogan sure sounded optimistic.

He referred to the company's return to profitability in FY24 and said they had since built on that momentum and "returned the business to strong sales growth in 1HFY25".

Kogan commented:

This was achieved through disciplined execution, operational efficiencies, and strategic initiatives that we expect will continue to drive sustainable growth into the future.

As our customers continue to navigate the ongoing cost-of-living crisis, we are committed to easing the burden by offering market-leading prices on the most in-demand products and essential services.

By leveraging our scale and strong supplier relationships, we deliver remarkable value.

When was the last time Ruslan Kogan bought shares?

Kogan purchased 5,240 Kogan shares through a Share Purchase Plan in July 2020.

The capital raising's issue price was $11.45 per share.

Apart from this, the last time Kogan bought shares in his company was in December 2016.

That was the year Kogan began trading on the ASX.

At the time of its listing in July 2016, Ruslan Kogan owned 69.5% of the company.

Since then, most of Ruslan Kogan's transactions have involved selling the ASX retail share.

This is not uncommon in rising companies where senior executives — usually the founders — hold a substantial stake.

Over time, shareholders put pressure on the company's major stakeholders to sell down some of their holdings to enable other shareholders to raise theirs.

This is considered prudent as listed companies grow in size and popularity with investors.

What about other CEO transactions in this ASX retail share?

One of Kogan's biggest personal sales occurred in August 2020.

By that time, Kogan had reduced his stake in Kogan.com to 20.41%.

He sold 5,284,441 shares off-market for $21.60 per share, reducing his stake to 15.01%.

That proved to be a very shrewd move.

As the chart below shows, 2020 was an absolute banner year for the ASX retail share.

It was the first year of the pandemic, and locked-down customers were shopping up a storm online.

The Kogan share price experienced an astronomical 562% rise in just seven months that year.

Kogan shares lifted from a closing value of $3.79 per share on 16 March 2020 to what remains the company's all-time record-high share price of $25.10 on 20 October 2020.

It was a rough road from there, with the ASX retail share tumbling over the next few years.

In December 2021, Kogan dropped out of the S&P/ASX 200 Index (ASX: XJO) and into the S&P/ASX 300 Index (ASX: XKO).

Only two transactions between August 2020 and January 2025

Since that sale in August 2020, Kogan has retained his 15.01% stake and disclosed only two other transactions in the ASX retail share before last month's purchase.

The first was an options exercise in April last year. Kogan exercised 3.6 million options due to expire on 30 June this year at $5.29 per share for a cash settlement.

Exercising an option for a cash settlement means Kogan was paid the difference between the strike price of $5.29 and the market share price at the time of the transaction.

On the day of the transaction, Kogan shares traded between $7.76 and $7.99 per share.

The second transaction was the awarding of 348,195 performance rights in December last year.

Kogan share price snapshot

The ASX 300 retail share closed at $4.68 per share on Friday, down 3.31% for the day.

The Kogan share price is down 43% over the past 12 months.

This compares to a 2% lift in the ASX 300 over the same period.

The post Which ASX 300 retail share CEO just upped his stake for the first time in almost 5 years? appeared first on The Motley Fool Australia.

It's handy to know when the ASX shares you already own are due to go ex-dividend.

If you feel like increasing your holdings, you may want to make those purchases before the ex-dividend dates to pick up the next dividend payments.

Same goes for investors researching companies for new investments. If you're ready to buy a new stock at today's share price, you might as well try to buy before the ex-dividend date.

Awareness of ex-dividend dates also means you won't be surprised when the share prices of your ASX stocks drop on the day.

Share prices usually fall on ex-dividend dates simply because the companies look less appealing (in the short term, at least) without the upcoming dividends attached.

Here is a sample of ASX shares going ex-dividend next week.

25 ASX shares about to go ex-dividend

The post Looking for last-minute dividends? 25 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

Shares in the online retailer are up more than 1% to $4.56 apiece as investors make sense of the half-yearly accounts.

Let's see what the company posted.

Kogan share price jumps on H1 FY25 results

Here are the key takeaways from Kogan's 1H FY25 results:

• Group gross sales were up 10% and reached $492.5 million
• Kogan.com's gross sales numbers lifted by 15.4%, and revenues by 22% compared to last year
• Active customers grew 9.4%, surpassing 3 million by 31 December
• Gross profit rose by 18% to $106.0 million, which resulted in a gross margin of 38.9%
• Adjusted pre-tax profit increased to $25.3 million, a 17% jump year over year
• Net profit was up 19% to $10.3 million
• The company declared an interim dividend of 7 cents per share

What else happened in 1H FY25?

Kogan shares had a mixed performance in H1 FY25, but the business itself had several notable takeouts.

Its Kogan Products division grew by 22% over the year, thanks to "improved inventory health and improved product ranging".

It also booked revenue growth of 17% in its Kogan Verticals segment, which includes Kogan Mobile and Kogan Energy.

Meanwhile, its namesake business, Kogan.com, had gross sales of almost $415 million, up 15% from the prior corresponding period.

Aside from declaring the interim dividend of 7 cents per share, the company also repurchased $7.2 million of its own shares during the half.

It left the half with more than $67 million in cash on its balance sheet. This may or may not impact Kogan shares as it works its way through inventories in the second half.

What did management say?

Kogan's Founder and CEO, Ruslan Kogan, mentioned the company's growth and said it had "built on that momentum" during the half.

Having returned the Company to profitability in FY24, I'm pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25. This was achieved through disciplined execution, operational efficiencies, and strategic initiatives that we expect will continue to drive sustainable growth into the future.

As our customers continue to navigate the ongoing cost-of-living crisis, we are committed to easing the burden by offering market-leading prices on the most in-demand products and essential services. By leveraging our scale and strong supplier relationships, we deliver remarkable value. From everyday essentials to the latest technology and exclusive member benefits, we remain focused on helping our millions of customers live their best lives.

What's next?

Management didn't provide formal guidance, but it did note several growth figures since the start of January 2025.

These include group gross sales up 25% compared to this time last year, underscored by a 31% growth in Kogan.com sales.

Two of its long-standing board members also intend to retire at the upcoming annual general meeting (AGM).

Kogan says it is currently in search of two non-executive directors to fill the roles.

Kogan shares snapshot

Kogan shares have opened the session in the green today after the company posted its earnings for H1 FY25.

Zooming out, the stock is down more than 26% over the past year of trade.

The post Kogan shares see green after "return to strong growth" in H1 FY25 appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down over 6% to 66.5 cents. This coal miner's shares have hit a 52-week low today after the market responded negatively to its quarterly update from earlier this week. While Macquarie acknowledges that the company's update fell short of expectations, it remains positive. As a result, it has retained its outperform rating and $1.00 price target Coronado Global's shares this morning. This implies potential upside of 50% for investors from current levels.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down almost 13% to $5.23. This follows the release of a half year trading update from the online retailer this morning which revealed earnings that were well short of consensus estimates. Kogan reported a 10.3% increase in gross sales to $492.5 million and a 17.5% lift in adjusted EBITDA to $25.3 million. However, the latter was short of the consensus estimate for adjusted EBITDA of $28 million for the first half.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down 1.5% to $3.70. This appears to have been driven by a broker note out of Morgans this morning. According to the note, the broker has downgraded the infection control company's shares to a hold rating with a $3.75 price target. This follows the release of a solid half year trading update earlier this week from Nanosonics. However, with its shares rallying strongly in recent times, the broker has downgraded them on valuation grounds today.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down almost 6% to $3.02. Investors have been selling the gold miner's shares for a couple of reasons today. One is the broad weakness in the gold industry today which has seen most gold shares drop into the red. So much so, the S&P/ASX All Ords Gold index is down 1.3% on Friday. In addition, this morning Citi retained its neutral rating and $3.00 price target on the company's shares following the release of its quarterly update this week. This is now largely in line with where Regis Resources' shares are trading.

The post Why Coronado Global, Kogan, Nanosonics, and Regis shares are falling today appeared first on The Motley Fool Australia.