Not to mention the near 50% share of the Dividends each year.
I have been following the company for a while as a value investment proposition but havent dipped toes in yet as I feel the valuation is a tad high compared to the revenue at 36x EPS value at $5/share.
The other thing that irks me a little in the reporting is the way the numbers are reported for the whole group revenue but the earnings for the listed company is effectively half due to split between the partners companies and holding company.
They are transparent with reporting and do publish a lot more information than comparable companies however on first glance appears like they are larger than what the reality is.
KPG Price at posting:
$4.58 Sentiment: None Disclosure: Not Held
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