Ann: Full Year Statutory Accounts, page-5

The reality for me investing in KOV is simple a well run business that will keep delivering. It probbaly wont shoot the lights out but can give a great return over many years I suspect. However for me it has to just keep innovating in a small way - Robotics - I reckon can improve returns. Reduce labour and do a good job - In fact expensive machinery which reduces costs is the way to go. Fixed input cost and builds its own barrier to entry. Had a stake in a niche welding company which made retail shelving - Great business and got better as we took out the labour cost per unit.

It also helps a huge amount if you have an interested investor like Madamswer as well who can give you a view.

I wish we could put Madamswer on retainer to help on other stocks....