Kogan.com Ltd (ASX: KGN) boss Ruslan Kogan is making a $50 million bet he can deliver shareholders better than 100% returns over the next five years, or he gets paid nothing.

An all-or-nothing bet on strong growth

The online retailer has released new remuneration details for the founder and chief executive, under which his base salary has been cut from $847,838 to just $50,000, all of which he will give away to charity.

Mr Kogan will earn no short-term incentives, with his entire remuneration tied to the goal of a 100% total shareholder return over the next five years, from the level of $3.72 per share.

Kogan shares are currently changing hands for $3.35, meaning Mr Kogan is already behind on the benchmark.

Unlike many remuneration schemes, there is no pro rata or graduated vesting, meaning Mr Kogan will either be paid the entire amount under his remuneration deal or nothing at all.

If he succeeds, he will be granted 6.7 million performance rights, which would be worth just shy of $50 million.

The company said achieving the remuneration hurdle would represent about $383 million in extra shareholder value over the five-year term.

Shareholders will be asked to vote to accept the terms of the remuneration package at a meeting yet to be scheduled.

Company is listening to shareholders

Kogan Chair Greg Ridder said of the new arrangements:

In developing these arrangements, the Board has listened carefully to feedback from shareholders and other stakeholders, particularly on the importance of clear and demanding performance conditions and a strong and transparent link between executive reward and shareholder returns. Kogan.com has always been an entrepreneurial business, and the Board believes the remuneration framework should support the ambition, innovation and long-term thinking that have been central to the Company’s success to date, while maintaining the clear accountability and strong shareholder alignment expected of a listed company.

Mr Ridder said the core Kogan business delivered a strong result in FY26, with more than $1 billion in gross sales, expanding margins, increasing profitability, higher fully-franked dividends, and a strong capital position.

He added:

That positive momentum has continued into FY27 given the July gross sales and revenue results disclosed a few weeks ago. The Board wants to build on that performance by retaining and appropriately incentivising the executive directors who helped deliver it, and position the Company to deliver on the exciting growth opportunities ahead and increase shareholder value.

Kogan is currently valued at $322.3 million.

The post Which ASX CEO stands to make $50 million over the next 5 years, or nothing? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Kogan.com. The Motley Fool Australia has recommended Kogan.com. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Austal Ltd (ASX: ASB) shares are pushing higher again on Monday as another potential buyer takes a look at the shipbuilder’s US business.

At the time of writing, the Austal share price is up 4.62% to $4.53.

The stock has now gained around 18% over the past month and more than 10% in a week. But despite the recent rebound, Austal shares are still down around 32% this year and 45% over the past 12 months.

Another buyer has entered the picture

According to the release, Austal has held an “initial, preliminary discussion” with US-based Wildcat Infrastructure following media reports about a possible proposal.

Austal stressed that it has not received a formal offer from Wildcat at this stage.

The interest comes while South Korea’s Hanwha is already trying to buy Austal’s US operations. Hanwha owns 19.9% of Austal and has made a conditional, non-binding proposal valuing the US business at between US$1.05 billion and US$1.2 billion.

Austal has given Hanwha access to conduct due diligence, although The Australian reports the proposed deal is facing some uncertainty.

The report said Austal’s weaker US result could affect Hanwha’s interest or the price it is willing to pay, while political tensions between the United States and South Korea could also make a deal more difficult.

A closer look at the business

Austal’s FY26 result was mixed, with a big difference between its US and Australasian operations.

Group revenue rose 11% to $2.03 billion, but the company posted a $53.6 million net loss. The US division recorded an EBIT loss of $202.8 million, mainly due to provisions linked to loss-making contracts.

The Australasian business was much stronger. Revenue jumped 49% to $650.7 million, while EBIT climbed 137% to a record $85.3 million.

There is also plenty of work already lined up, with more than $5 billion of Australasian contracts under the Strategic Shipbuilding Agreement.

The Australian reported that Hanwha’s proposal effectively values the whole company at around $2.74 billion, or $6.50 per share.

That’s about 43% above where the shares trade today.

What happens next?

There is no guarantee Wildcat will make a formal offer, so it is still too early to call this a bidding war.

But having another interested buyer could give Austal more options as it weighs up the future of its US business.

The timing is also very interesting given the recent share price recovery. Austal shares have climbed around 18% over the past month, although they are still trading well below their highs from earlier this year.

The post Austal shares jump again as takeover interest heats up appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global Ltd (ASX: WTC) shares are taking a tumble today.

Shares in the S&P/ASX 200 Index (ASX: XJO) logistics software solutions company closed on Friday trading for $37.69. During the Monday lunch hour, shares are changing hands for $36.50, down 3.2%.

This sees WiseTech shares down a painful 61.5% since this time last year.

For some context, the ASX 200 is up 0.1% today and up 1.8% in 12 months.

As you may know, the ASX 200 tech stock has come under heavy selling pressure on several fronts.

First, investors have been concerned over the company’s governance, with founder and executive chairman Richard White catching negative media headlines over allegations of inappropriate behaviour.

The stock has also come under pressure amid global concerns that artificial intelligence can potentially replace a lot of the services that Software as a Service (SaaS) like WiseTech provides.

Or the so-called the ‘SaaSpocalypse’.

But with the share price now down almost 62% over the past 12 months, is the ASX 200 tech stock trading at a bargain?

WiseTech shares: Buy, hold, or sell?

When asked which stock in his fund is the most undervalued by the market, Emanuel Datt, chief investment officer and founder of Datt Capital, pointed to WiseTech (courtesy of the Australian Financial Review).

Commenting on his bullish outlook for WiseTech shares, Datt said:

WiseTech Global has been in the media for all the wrong reasons over the past few years, suffering from governance issues and others related to the founder. Notwithstanding, this is one of the ASX’s highest-quality technology companies with a global customer base and significant upside.

Datt added:

The company has progressed in mitigating investor concerns, materially refreshing the board and management team whilst also driving business growth via the acquisition of a major competitor, e2open, and transitioning to value-based pricing. The business has a history of growing via M&A and has significantly outperformed its own guidance in extracting synergies from e2open.

And WiseTech’s growth potential shouldn’t be ignored.

Datt concluded:

WiseTech’s product portfolio is genuinely exciting, with customer identity verification products providing the foundational element of the company’s move into offering its own supply chain finance solutions; a multitrillion-dollar global market.

What’s the latest from the ASX 200 tech share?

WiseTech reported its FY 2026 results on 26 August.

Following the company’s successful e2open acquisition, WiseTech reported a 79% year-on-year increase in revenue to US$1.395 billion.

But while underlying net profit after tax (NPAT) increased 29% to US$313.5 million, statutory NPAT was down 11% from FY 2025 to US$178.7 million.

WiseTech shares closed down 10.1% on the day of the results release.

The post Down 62%, are WiseTech shares now a buy, hold or sell? appeared first on The Motley Fool Australia.

More reading

• These ASX shares benefit from a high Aussie dollar
• Why I’m buying WiseTech shares before the market catches on
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• 9 ASX shares downgraded by experts post-results this week
• Down another 18%: Why I’d buy WiseTech shares in the dip

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.