A Look At 2 Beaten Down Stocks- GEM And KGN

  • Mar 23, 2019 AEDT
  • Team Kalkine
A Look At 2 Beaten Down Stocks- GEM And KGN

G8 Education Limited (ASX: GEM)

G8 Education Limited (ASX: GEM) is the owner, operator and into the management of child care centres. The company offers high-quality child care and educational amenities throughout Australia and Singapore, via an array of highly regarded and acknowledged brands. The company is domiciled in Australia and was founded in 2006.

In its FY18 annual report, the company recorded the revenue from ordinary activities was up by 8% to $857,758,000. The company’s profit from ordinary activities after tax attributable to members was down by 11% to $71,831,000. The underlying CY18 EBIT of $136.3 million was in accordance with the guidance of the management. The robust CY18 H2 organic performance in occupancy and wages was in step with the expectations as well. GEM’s earnings from acquisitions were recorded below the expectations, but in CY19 an initial positive indication of improvement was observed. During the period, an initial 100 centres linked to the Customer Engagement Centre with remainder was on track, which will further be followed in April this year.

Recently, the company notified the market about its upcoming Annual General Meeting of GEM to be held on 17 April 2019, at 11:00 am (Brisbane time), at Mantra on View Hotel, Gold Coast, Queensland.

The stock of the company, by the end of the trading session, stood at A$2.990 (as on 22 March 2019), down by 1.967% from its previous close. It has a market capitalization of A$1.39 billion with circa 455.38 million shares outstanding. In the last 1 month, the stock of the company has given a negative return of 14.08 %. However, in the last six months, it has given a return of 54.53%.

Kogan.com Ltd (ASX: KGN)

Kogan.com Ltd (ASX: KGN) is a company with retail and services businesses which comprise of Kogan Mobile, Kogan Insurance, Kogan Health etc. Kogan is a well-known brand in price leadership via digital efficiency. The company has more than 8 million active subscribers, and it concentrates on creating in-demand products and services more affordable and accessible.

Recently, the company notified the market that it had launched the Kogan marketplace where over 1,00,000 products were listed for the consumers of Kogan.com. The launch of the Kogan marketplace was a win-win situation, since the consumers were spoilt for choices. Also, the launch would enable the Australian businesses to get access to additional consumers which would help in the growth of their businesses.

In its 1HFY19 outcomes, the company recorded the gross sales per customer being influenced by a decrease in high value Apple sales, and the introduction of a long-tail of lesser value items on its websites. The variable costs were mainly influenced by the investment made in the expansion of its warehousing footprint. Also, EBITDA was influenced by the rise costs during the period.

The stock of the company, by the end of the trading session, stood at A$3.690 (as on 22 March 2019), up by 1.374% from its previous close. It has a market capitalization of A$341.18 million with circa 93.73 million shares outstanding. In the last 6 months, the stock of the company has given a negative return of 37.88 %. However, in the last 3 months, it has given a return of 9.64%.


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