macquarie report, page-6

I bought KSC for two wrong reasons about 4 years ago - 1) I thought a big transport firm would bid for it; and 2) I had known and respected one of the directors, Greg Boulton, many years earlier. Ignoring the dividends, I am in the red to the tune of about 33% - tuition fees extracted by the University of Hard Knocks.

However, I think the move into the mine-servicing business in WA via the two acquisitions could give KSC the fillip it needs to push the share price up. Also, the GFC is over, and things are improving for KSC anyway. I'll sit it out and see what the next profit announcement looks like, and maybe the one after that too.

KSC is a very illiquid stock, so it only suits those who can invest for the dividend, and enjoy the hope that Lady Luck will deal them a good hand that occasions capital appreciation if good profits return. If profits and dividends remain flat I'll get out.