I bought KSC many years ago for the wrong reason, and I am still behind (bought at an average of some $2.65). For many months during 2012 KSC was trading below NTA ($1.72), and as directors were buying in early 2012 at prices circa $1.20, it seemed worth holding, plus the dividend yield at those low SPs was above average. The SP nadir was $1.06 at COB 27/03/2012. I still hold 30,723 shares, but with little conviction at the current SP, which has had a nice run up in recent months.
The 13/11/2012 announcement at:
. . . http://www.ksgroup.com.au/data/news/2012/1168657.pdf
suggests that things are plodding along nicely, but management should have better visibility by February, which is now. Under the circumstances, which includes the fact that I am struggling to find a home for some cash that my SMSF has, I'll wait for further information.
If a stock appears to be turning around for the better, and it is a reasonable dividend payer relative to SP, then I do not mind hanging onto it while I wait for it to turn good. At recent lower SPs, KSC fell into that category. At the current SP, the case for holding is not as strong, but as I wrote, I do not know of obvious candidates in which I can invest cash at hand, so I am in no hurry to realise KSC to get more cash, but this could change abruptly.
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Last
$3.60 |
Change
0.040(1.12%) |
Mkt cap ! $492.6M |
Open | High | Low | Value | Volume |
$3.56 | $3.60 | $3.56 | $27.65K | 7.693K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 847 | $3.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.59 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 847 | 3.540 |
1 | 2829 | 3.470 |
1 | 5780 | 3.460 |
1 | 1000 | 3.450 |
1 | 2905 | 3.440 |
Price($) | Vol. | No. |
---|---|---|
3.590 | 1 | 1 |
3.600 | 4752 | 1 |
3.640 | 10223 | 1 |
3.700 | 100 | 1 |
3.830 | 580 | 1 |
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