KAB is at low of lows and has been on the doldrums long before the changeover from URA etc.
I remember seeing CCC run a while back from low to high. I believe constant disappointments and cost blowouts / failure to make decent profits, has then seen the SP in a decline.
KAB's SP has never gone from very low to very high and has had a fairly tight spread for a penny dreadful - so the market has basically factored in failure from the start.
This sets us up well, as success would then need to be priced in accordingly.
Companies that have success priced in and then fail are the ones who really get punished (URA for example 2007 onwards)
KAB Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
