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‘Resilient’ Kogan must now deliver

Image source: Kogan Facebook
Following a disappointing ASX debut, online retailer Kogan now needs to get some “runs on the board,” argue analysts. Kogan.com shares opened at midday last Thursday at $1.80, and within 40 minutes had dropped 12.2 per cent to $1.58. By Monday afternoon shares had recovered somewhat, trading at $1.64. Daniel Mueller, senior equities analyst at Forager Funds, described the debut as “disappointing.” “There was a lot of expectation upon IPO and given how the share price has performed