Good points. There's much to like here. I reflect on why Buffet bought BNSF railways - the essence I took from that is that 'transport is essential to an economy'. I'm putting my own hard-earned into KLS as my position is, with its extensive transport provision services diversified across Aus, London, USA, Singapore, Jersey, Guernsey, they will be on the money for years and their recent restructuring of debt to provide extensive working capital and other capital gives them much flex. If the market does have it wrong then it will rebalance in due course once the numbers provide that justification.
If I'm wrong wont be the first time or the last
As always patience is the key and I'm still buying.
(20min delay)