It was around a year ago when the the global share market started going crazy in response to COVID-19. There have been some strong performances from a few ASX shares since then.
The below ASX shares have more than doubled over the last 12 months:
Kogan.com Ltd (ASX: KGN)
The Kogan.com share price has risen by 223% over the last year.
The e-commerce world has seen a surge in online shopping because of the COVID-19 pandemic. A year ago customers may have been forced to do their shopping online, but now it seems customers have stuck with online shopping in greater and greater numbers.
The company recently reported its FY21 half-year result. Excluding Mighty Ape, Kogan.com finished the period with 3 million customers, 90% gross sales growth, 115% gross profit growth, 165% adjusted EBITDA (EBITDA explained) growth and 130% growth of EBITDA.
Kogan.com says that it’s continuing to invest for future growth.
Pointsbet Holdings Ltd (ASX: PBH)
The Pointsbet share price has risen by 196% over the last year.
Pointsbet has gone through a few transformational changes. A key change has been that the US has legalised sports betting and now states are steadily making it legal. It has been winning sports betting partnerships with different sports teams in different states.
The biggest deal was a five-year media partnership with NBCUniversal. PointsBet has become the official sports betting partner of NBC Sports in the US. This will provide PointsBet access to broadcast assets which span 184 million viewers, the largest sports audience of any US media company, and digital assets which span 60 million monthly users.
The NHL has been the latest area where Pointsbet has gained ground.
Splitit Ltd (ASX: SPT)
The Splitit share price has risen by 168% over the last year.
The buy now, pay later (BNPL) industry has gone nuts over the last year, and Splitit is one of the ones that has benefited from growth.
In the FY20 fourth quarter, Splitit said that its merchant sales volume (MSV) grew strongly, up 218% year on year to US$86.3 million. The company’s gross revenue increased by 359% year on year to US$2.9 million, surpassing the total revenue in FY19.
