I think I'm just posting to myself, but what the heck :)KSC now...

I think I'm just posting to myself, but what the heck :)

KSC now down another 10% on where I thought it was already undervalued - starting to wonder if there's a giant skeleton in their closet.

Anyway, if there isn't, then by my calculations they should have NPAT of $0.1733/share for the full year, down from $0.26/share the previous year - that's if they come in at the bottom of their forecast range, i.e. 20% lower NPAT than the previous year. (number of shares on issue has increased from 70.2m to 86.2855m)

17.33c earnings in an improving environment looks very appealing on a sub $1.40 share.