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Mighty Ape boss fronts over glitch that saw some users logged into other users' accounts
Mighty Ape boss fronts over glitch that saw some users logged into other users' accounts

NZ Herald

time15-06-2025

  • Business
  • NZ Herald

Mighty Ape boss fronts over glitch that saw some users logged into other users' accounts

Cooper was also annoyed that a make-good offer from Mighty Ape (which he had not received) of a $50.00 credit required a minimum $50.01 purchase. And that there was no option for a user to cancel their Mighty Ape account via the site's account management console (the option is available via chat or by phoning Mighty Ape). Mighty Ape's communication to affected customers on May 30, seven days after the incident. Image / Consumer NZ In a May 30 article, Consumer NZ strongly criticised Mighty Ape's initial communication to customers, which it saw as too scant in detail. It did not think the online retailer had taken accountability because it had called the incident a 'technical issue'. The publication said the incident should have been defined as a data breach, not an IT error. No one at Mighty Ape would confirm details of what happened, including whether users had in fact found themselves logged into each other's accounts. In a June 13 interview with McEwan (the earliest he was available after a June 6 request), the Herald asked, was the May 22 incident a privacy breach? 'Oh, absolutely,' McEwan replied. 'And we proactively and voluntarily reached out to the Privacy Commissioner to let them know what had occurred and to share with them the details of what had happened and make sure that the actions that we're taking were the right actions, including how we communicated to customers and how we've addressed the issue moving forward.' McEwan picture in Mighty Ape's warehouse in Silverdale, north of Auckland. Photo / Dean Purcell What went wrong? 'We actually found that there was potential for people to be able to view other people's accounts. In this case, it affected 309 customers, and there was potential for them to then be able to view that account. 'I would definitely like to acknowledge the technical glitch that occurred. It was a caching issue. 'It affected a limited number of customers, and we take ownership for that and apologise for that, and we've been working forward with our customers to resolve any issues that may have happened.' 309 affected Consumer NZ chief executive Jon Duffy told the Herald, 'It's clear that in some instances users had full access to other users' accounts and undertook activity with those accounts.' One had even made an order on another user's credit card - to see if that was possible - then immediately cancelled the transaction. 'Based on what we have seen, we would expect Mighty Ape's conversations with the OPC [Office of the Privacy Commissioner] to have also included formal notification of a privacy breach as required by the Act,' Duffy said. McEwan says Mighty Ape's upgrade, which began last October, has added many technology features from Kogan that will benefit customers, as well as the new Marketplace that lets third-parties sell via the site. Photo / Dean Purcell 'Unfortunately, Mighty Ape has only provided general details of what has occurred here, so it is difficult to understand the full scale of the breach and make a definitive call.' A spokeswoman for the Privacy Commissioner confirmed Mighty Ape had been in touch about the breach, but refused to say if it had reached the threshold for a formal notification. Mighty Ape has never previously defined the 'limited number' of users affected. McEwan told the Herald it was 309. Were the initial communications too vague? (The initial public communication, and all public communications since, has made no mention of users' being able to log into other users' accounts.) 'We were quite broad in our statement, and then as we understood the issue further, we went back to those customers that were actually affected, to provide them further information and reassurance,' McEwan said. 'Absolutely we've taken ownership of it. We've contacted all those customers affected. In fact, initially, we over-communicated. 'We went out to a much broader group than what, as we investigated, was a limited number affected. It affected 309 customers, and there was potential for them to view other people's accounts.' But it wasn't just potential, was it? They found themselves logged into other users' accounts. They actually were logged into other users' accounts, the Herald said. 'Yep, that's correct,' McEwan replied. The MD said follow-up communications were full and frank, but were narrowcast to only the affected customers. Don't downplay an incident, expert says Privacy expert Frith Tweedie, a former EY partner, technology lawyer and now principal at Simply Privacy, offered more detail on what constitutes a data breach under the Privacy Act 2020 - but added that any organisation involved in a possible data breach had to consider reputational issues as much as the letter of the law. 'The definition of a 'privacy breach' is broad and it's important to understand that they don't only occur in your classic 'hacker in a hoodie' type scenarios,' Tweedie said. 'What matters is that unauthorised people were able to access other users' personal information [in the Mighty Ape incident], which counts as a 'privacy breach' under the Privacy Act. 'When an organisation gives incomplete information, it creates unnecessary anxiety and makes people feel like their privacy isn't being taken seriously" - Simply Privacy principal Frith Tweedie. 'The reported access to names, contact details, order history and even partial payment information makes it hard to argue that serious harm wasn't at least possible, which would make this a 'notifiable privacy breach'.' Tweedie added, 'Responding to a privacy or data breach isn't just a legal issue, it's also about trust'. 'People understand that mistakes happen, but they want fast, clear and direct communication when things do go wrong. 'When an organisation delays acknowledging a breach, or gives incomplete information, it creates unnecessary anxiety and makes people feel like their privacy isn't being taken seriously.' Should Mighty Ape have been taken offline? Consumer NZ said Mighty Ape should have taken its website offline until the breach was resolved - pointing to the action taken by gaming platform Steam in 2015. McEwan said there was no need to take the website down as it had contained the issue within two hours. Under new management ASX-listed Australian online retailer Kogan bought Mighty Ape for A$122.4 million ($128.3m) in 2020. As part of the deal, the site's founder, Simon Barton, and his immediate team stayed on until 2023. There's been a flurry of leadership changes since with three chief executives departing since the deal - most recently Daniel Balasoglou in February this year. Mighty Ape's website now has the same look design (if different branding) as its Australian parent and Dick Smith, whose online operations were also bought by Kogan. The upgrade that began in October was designed to introduce more under-the-bonnet Kogan systems. It also added a key new service, Mighty Ape Marketplace, which lets third-party retailers sell their goods via Mighty Ape. Glitch slashes Christmas season earnings In a half-year results investor presentation, filed to the ASX on February 25, covering the six months to December 31 2024, Kogan said: 'In late October 2024, the Mighty Ape website underwent a major upgrade, introducing enhanced functionality ... Mighty Ape active customers declined following technical issues experienced as part of the Mighty Ape website upgrade. 'Many technical issues identified have been resolved, with a recovery of financial and operational performance expected in the second half of FY2025.' In the final two months of last year, Mighty Ape only just managed to squeak to a A$100,000 operating earnings profit. 'The technical issues saw adjusted ebitda [earnings before interest, taxes and amortisation] reduce by 96.2% on the previously comparable period over the November and December 2024 peak sales period,' Kogan's filing said. Revenue fell 22.1% to A$30m over the two months. 'The team has been diagnosing and remedying many of the major issues, with some work yet to go. We expect to resolve all major issues in the coming period,' the filing said. It added that McEwan would be taking over from Balasoglou in a 'leadership change'. Balasoglou, who led Mighty Ape for less than a year, had a financial officer background, most recently as Lotto NZ's CFO. McEwan has had a career in logistics, including general manager of operations roles for DHL NZ and Ingram Micro NZ (which distributes products for Apple, Cisco, Nvidia and other big tech names. Upgrade blues continued In a May 20, 2025 business update filing to the ASX, offering a general business update for the quarter to April 30, Kogan said: 'Mighty Ape continued to be impacted by technical challenges following the website platform upgrade announced in February 2025, which affected sales performance and inventory levels. 'Throughout the period, the team progressively resolved several stability issues and gradually progressed towards restoring marketing efficiency. '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.' McEwan said the upgrade had added many features from Kogan that would benefit customers and make the site more efficient, and that the new Marketplace feature let small retailers reach Mighty Ape's large-scale audience. A spokeswoman for the Office of the Privacy Commissioner confirmed Mighty Ape had been in touch to discuss the issue, but would not comment on whether a formal data breach notification had been warranted. Chris Keall is an Auckland-based member of the Herald's business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.

An appointment with Jacinda
An appointment with Jacinda

Newsroom

time01-06-2025

  • Entertainment
  • Newsroom

An appointment with Jacinda

Dame Jacinda Ardern to the rescue, possibly. Ardern's new memoir A Different Kind of Power arrives in bookstores this week and looks set to sell its sensitive socks off. The book will retail for $60. Booksellers face challenges from online retailers such as Mighty Ape and The Nile, which are already offering chunky discounts. Even so, it seems destined to provide a bonanza for bookshops across the land. Jenna Todd, mastermind at Auckland's coolest bookstore, Time Out, shared the amazing revelation that Ardern met to grease up Auckland booksellers at a private meeting: 'We were lucky to have an hour with Jacinda back in December to hear about the book. It's not ghostwritten and she said the feedback she'd had on the book was that it was 'surprising.' I was very intrigued.' So was I, and asked for more details of the tête-à-tête. Todd said, 'It was in the leadup to Christmas and Penguin NZ organised us to meet. It was very relaxed and informal with a Q&A with her NZ publisher, Grace Thomas, and lots of time for questions. 'We learned what memoirs she read in preparation for writing (I'll let her say what those were) and could see how seriously she took the whole process eg. she read the whole manuscript aloud twice in preparation. 'It was a behind the scenes insight of the writing experience and also anticipation of a behind the scenes book. Genuinely, this meeting has helped me answer customer questions in the lead up to the book's release. 'I believe it will sell well into Christmas. But I tell you what, we won't tolerating any cover rippers – they can piss right off.' Ah yes, the wild and righteous Turn Ardern crowd; even Sean Plunkett disparaged them recently as suffering from 'Jacinda Ardern derangement syndrome'. Trolls, alternative truthers and various assorted right-wing trash will no doubt rage against A Different Kind of Power. When I spoke with Louise Ward, co-owner of the Wardinis bookshop empire in Hawkes Bay, she said, 'There will of course be those who grumble about it (and probably a resurgence of the 'turn Jacinda' nonsense) but she has her fans and they'll be keen to get into it. The Prince Harry book sold truckloads, in part because he's a polarising figure, so I anticipate an equal or even bigger level of interest.' The book will need to sell exceptionally well for Penguin to recoup their advance. It was reported as $1m but two reliable sources in New Zealand publishing have told ReadingRoom it was $1.5m. ReadingRoom approached numerous people in the book trade and the consensus was that A Different Kind of Power would have to sell between about 140,000-160,000 copies to earn out Ardern's advance. The most knowledgeable person in New Zealand books is Paula Morris. She said, 'That sales figure is achievable, as those sales don't have to be in NZ alone: Australian rights are part of the deal. Julia Gillard's memoir sold 5000 copies on its first day of sales alone in Australia; Malcolm Turnbull's memoir in 2020 sold out its first print run of 45K in under a week. I suspect Jacinda's book will be of interest to many readers there. They have five times our population. 'In the US, Hillary Clinton's last memoir sold 300K its first week, which was seen as a big hit there; adjusted for population, that would mean selling 4000 copies here and 23,000 copies in Australia. If there's ultimately a Jacinda tour in Australia or even a media tour, she could sell a lot of books. For better or worse, we're also influenced in our habits by overseas success. Jacinda has a North American book tour about to begin and should sell lots of books and get tons of media coverage. If the book is a bestseller in the US, that may encourage more prominence in positioning (in book shops and media) here and in Australia, and encourage more people to buy it.' Commercial publishers ran for cover when approached. They felt too compromised to comment on a competitor, and besides they likely put in failed bids to secure Ardern's book. Not so Fergus Barrowman, publisher at Te Herenga Waka University Press, who said, 'This is way out of my league. THWUP is a boutique university press and we have only twice offered advances in six figures, and never anything approaching seven. But on the back of an envelope, it will need to sell about 140,000 copies to earn out. 'Taking the advance as a fixed cost, the publisher should cover costs much earlier, say 70,000, and have a very healthy margin on the next 70,000, before they have to pay any more royalties.' Paula Morris drilled down further. She said, 'Prince Harry allegedly got a US$20 million dollar advance for four books, including Spare. So think of it as at least US$5 million advance for that book, or possibly more so they could recoup as much as possible right away. The rrp was US$36 (NZ$60) for Spare in the US. Let's say the US publisher paid Harry an advance of $7.5 million. I've read somewhere that the publisher could make that back with sales of 500K print copies and 250K e-books. 'One thing: do we know if the advance was for this book only, or included a second book, like Harry's multi-book deal? Jacinda's children's book (Mum's Busy Work) is coming out with Penguin (in NZ and in Australia) this September. The advance might cover that as well. It seems likely. Children's books, like nonfiction, sell well in NZ (versus local fiction for adults). They sell REALLY well in Australia, e.g. over 30,000 copies for successful local titles. So if 40,000 sales (NZ and Australia combined) are for the children's book, then the memoir just needs to sell 100,000 across both markets. That is absolutely possible, especially as it will still be selling in the run-up to Christmas.' One Ardern book at a time. A Different Kind of Power is available in bookstores from tomorrow, June 3. (Ardern also narrates a 12-hour audiobook of her memoir). Final word from Louise Ward at Napier and Havelock North bookstore franchise Wardinis, who said, 'Based on the pre-orders we've taken I think the book will do very well indeed. 'If the publisher gets the print run and the marketing right, and it sells in territories well outside of NZ and Australia (which you have to think it will as Jacinda is so popular overseas) then I would compare it to Barack Obama's A Promised Land or even the slightly more popular (in our shops at least) Becoming by Michelle Obama. 'I hope it'll fly. We could do with a nice winter boost.' A Different Kind of Power: A Memoir by Jacinda Ardern (Penguin, $59.99) is available in every bookstore across the land. ReadingRoom is devoting all week to coverage of the book, with three reviews, by Tim Murphy, Janet Wilson, and Steve Braunias.

Shares in online electronics retailer Kogan sink after Mighty Ape tech issues drag earnings
Shares in online electronics retailer Kogan sink after Mighty Ape tech issues drag earnings

West Australian

time20-05-2025

  • Business
  • West Australian

Shares in online electronics retailer Kogan sink after Mighty Ape tech issues drag earnings

Listed electronics retailer Kogan has warned its New Zealand online business Mighty Ape won't return to profitable trading performance until next financial year as it faces website upgrade headaches. In a trading update on Tuesday, Kogan said Mighty Ape — which sells electronic games, board games, toys, homes and collectables — continued to be impacted by technical challenges following the website platform upgrade announced in February. This affected sales performance and inventory levels, contributing to a 63.7 per cent decline in adjusted earnings to $2.5 million in the four months to the end of April. Kogan shares fell 8.4 per cent to $4.14 in early trade following the update. Shares are off 32.5 per cent for the year so far. But the company 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,' Kogan said. Group revenue decline 0.7 per cent over the four-month period, with the 8.4 per cent growth in Kogan offset by a decline at Mighty Ape. The Ruslan Kogan-led Kogan said group active customers grew 27.3 per cent to 3.4 million as at April 30. Kogan active customers grew 38 per cent to 27 million, while it declined 1.8 per cent to 695,000 at Mighty Ape. Kogan acquired NZ-based Mighty Ape in December 2020 for just over $120m in the hopes of accelerating the group's growth across the Tasman.

ASX Penny Stocks: Kogan.com And 2 More Small Cap Opportunities
ASX Penny Stocks: Kogan.com And 2 More Small Cap Opportunities

Yahoo

time24-04-2025

  • Business
  • Yahoo

ASX Penny Stocks: Kogan.com And 2 More Small Cap Opportunities

As the ASX200 hovers near the 8,000-point mark, investors are reminded of the importance of caution amid global trade tensions and fluctuating commodity prices. In this climate, penny stocks—though an older term—represent a compelling area for investment by highlighting smaller or less-established companies that might offer significant value. By focusing on those with strong financials and clear growth potential, investors can uncover promising opportunities within these often-overlooked sectors. Name Share Price Market Cap Financial Health Rating CTI Logistics (ASX:CLX) A$1.685 A$135.72M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$1.53 A$72.17M ★★★★★★ IVE Group (ASX:IGL) A$2.47 A$380.83M ★★★★★☆ GTN (ASX:GTN) A$0.60 A$115.38M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$3.38 A$160.38M ★★★★★★ Regal Partners (ASX:RPL) A$1.88 A$631.99M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.70 A$833.14M ★★★★★☆ SHAPE Australia (ASX:SHA) A$3.00 A$248.22M ★★★★★★ NRW Holdings (ASX:NWH) A$2.60 A$1.19B ★★★★★☆ LaserBond (ASX:LBL) A$0.37 A$43.53M ★★★★★★ Click here to see the full list of 987 stocks from our ASX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Ltd is an online retailer based in Australia with a market capitalization of A$449.22 million. Operations: The company's revenue is derived from its operations in Australia, with A$309.36 million from Kogan Parent and A$9.96 million from Mighty Ape, and in New Zealand, with A$40.02 million from Kogan Parent and A$124.88 million from Mighty Ape. Market Cap: A$449.22M with a market cap of A$449.22 million, presents mixed signals for investors interested in penny stocks. The company is trading significantly below its estimated fair value and has managed to avoid shareholder dilution over the past year. However, its dividend yield of 3.09% is not well-covered by earnings, and recent earnings growth has been negative at -73.9%. Despite these challenges, remains debt-free with strong asset coverage for both short-term and long-term liabilities. Recent financial results show an increase in sales and net income compared to the previous year, indicating some operational improvements amidst volatility concerns. Click to explore a detailed breakdown of our findings in financial health report. Assess future earnings estimates with our detailed growth reports. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Nuix Limited offers investigative analytics and intelligence software solutions across the Asia Pacific, the Americas, Europe, the Middle East, and Africa with a market cap of A$803.68 million. Operations: The company generates A$227.37 million in revenue from its Software & Programming segment. Market Cap: A$803.68M Nuix Limited, with a market cap of A$803.68 million, shows potential for those exploring penny stocks. Trading at 42.9% below its estimated fair value and being debt-free are positive indicators. Although unprofitable, Nuix has a sufficient cash runway exceeding three years due to positive free cash flow growth of 46.4% annually. Despite increasing losses over the past five years and negative return on equity, its short-term assets cover both short- and long-term liabilities effectively. Recently added to the S&P/ASX 200 Index, Nuix reported increased half-year sales but also a widened net loss compared to last year. Navigate through the intricacies of Nuix with our comprehensive balance sheet health report here. Gain insights into Nuix's future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: United Overseas Australia Ltd, along with its subsidiaries, focuses on the development and resale of land and buildings in Malaysia, Singapore, Vietnam, and Australia with a market cap of A$950.24 million. Operations: The company's revenue is primarily derived from its land development and resale activities, which generated A$354.29 million, and its investment segment, contributing A$236.66 million. Market Cap: A$950.24M United Overseas Australia Ltd, with a market cap of A$950.24 million, presents an intriguing option in the realm of penny stocks. The company's earnings grew by 15.6% over the past year, outpacing the Real Estate industry decline of 14.5%. Despite a low return on equity at 4.5%, it maintains strong financial health with more cash than debt and short-term assets significantly exceeding liabilities. Recent earnings reported net income of A$91.57 million for 2024, up from A$79.22 million in 2023, alongside stable dividends, reflecting a solid financial foundation despite some profit margin contraction and increased debt levels over time. Click here and access our complete financial health analysis report to understand the dynamics of United Overseas Australia. Learn about United Overseas Australia's historical performance here. Click here to access our complete index of 987 ASX Penny Stocks. Contemplating Other Strategies? Explore 21 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:KGN ASX:NXL and ASX:UOS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

ASX Growth Stocks With Strong Insider Backing
ASX Growth Stocks With Strong Insider Backing

Yahoo

time14-04-2025

  • Business
  • Yahoo

ASX Growth Stocks With Strong Insider Backing

Amidst a positive trading session on the Australian market, with sectors like IT and Materials leading gains, investors are keenly observing growth companies that demonstrate strong insider ownership. In the current climate, where confidence is bolstered by robust performances in both local and international markets, stocks with significant insider backing can be appealing due to their potential for aligned interests and long-term commitment from those who know the business best. Name Insider Ownership Earnings Growth Alfabs Australia (ASX:AAL) 10.8% 40.9% Fenix Resources (ASX:FEX) 21.1% 45.1% Cyclopharm (ASX:CYC) 11.3% 97.8% Acrux (ASX:ACR) 15.5% 106.9% Newfield Resources (ASX:NWF) 31.5% 72.1% AVA Risk Group (ASX:AVA) 16% 108.2% Titomic (ASX:TTT) 11.2% 77.2% Plenti Group (ASX:PLT) 12.7% 85% Image Resources (ASX:IMA) 16.1% 127.3% BETR Entertainment (ASX:BBT) 38.6% 77.5% Click here to see the full list of 94 stocks from our Fast Growing ASX Companies With High Insider Ownership screener. Here's a peek at a few of the choices from the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Dropsuite Limited offers cloud-based data backup and archiving solutions across various regions including Australia, Singapore, Europe, and the United States, with a market cap of A$406.10 million. Operations: The company's revenue is primarily derived from the provision of backup services, totaling A$41.17 million. Insider Ownership: 14.0% Earnings Growth Forecast: 33.8% p.a. Dropsuite is experiencing significant earnings growth, forecasted at 33.8% annually, outpacing the Australian market. However, its net profit margin has declined from 5.2% to 2%. Recent developments include a definitive agreement for acquisition by NinjaOne Australia Pty Ltd for A$414.53 million, pending shareholder approval on May 9, 2025. Dropsuite's board recommends the deal in the absence of superior offers and with continued positive independent expert opinion. Click to explore a detailed breakdown of our findings in Dropsuite's earnings growth report. Insights from our recent valuation report point to the potential overvaluation of Dropsuite shares in the market. Simply Wall St Growth Rating: ★★★★★☆ Overview: Ltd is an online retailer operating in Australia with a market capitalization of A$434.45 million. Operations: The company generates revenue through its operations in Australia and New Zealand, with A$9.96 million from Mighty Ape in Australia, A$309.36 million from Kogan Parent in Australia, A$124.88 million from Mighty Ape in New Zealand, and A$40.02 million from Kogan Parent in New Zealand. Insider Ownership: 21% Earnings Growth Forecast: 38.1% p.a. demonstrates strong growth potential with earnings forecasted to grow at 38.1% annually, significantly outpacing the Australian market. Despite a decrease in profit margins from 1.4% to 0.4%, insider confidence remains high with substantial share purchases over the past three months and no significant sales. Trading well below estimated fair value, revenue is expected to grow at 7.2% per year, surpassing the broader market's growth rate of 5.9%. Click here to discover the nuances of with our detailed analytical future growth report. In light of our recent valuation report, it seems possible that is trading beyond its estimated value. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Nanosonics Limited is a global infection prevention company with a market capitalization of A$1.43 billion. Operations: The company's revenue is primarily derived from its Healthcare Equipment segment, which generated A$183.97 million. Insider Ownership: 15.4% Earnings Growth Forecast: 24.3% p.a. Nanosonics shows promising growth potential with earnings projected to increase significantly, outpacing the Australian market's average. Recent results indicate robust performance, with half-year sales rising to A$93.6 million from A$79.64 million and net income improving to A$9.76 million. Insider activity reflects confidence, with more shares bought than sold in recent months despite modest volumes. The stock trades below estimated fair value and revenue growth is expected to exceed the market average over the next few years. Navigate through the intricacies of Nanosonics with our comprehensive analyst estimates report here. Upon reviewing our latest valuation report, Nanosonics' share price might be too optimistic. Gain an insight into the universe of 94 Fast Growing ASX Companies With High Insider Ownership by clicking here. Want To Explore Some Alternatives? We've found 28 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include ASX:DSE ASX:KGN and ASX:NAN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

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