Ann: June 2009 Profit Update , page-7

Dear Sassy, pls excuse the late response - forgot about this thread until now.

I didn't get any contract or sale out of it. Musn't have been strong enough to prise their wallet open.

I am quite comfortable with their profit for this latest FY. Especially considering the AUD didn't stay low for long. They are now on about 8 times earnings from my I'm not sure what multiple they should be on - maybe ten times, so 26 cents?

Leveraged to lower AUD and lower commodities prices. Eventually this will happen and they will be a great ride again. If they pay divs and pay down debt in the meantime, then I will be very happy.

KME had reasably good financials for a while. They did look like boof-heads in the annual reports - but that could be interpreted as being good at saving the pennies. I actually had a position in KME at one stage, but something that I cannot remember seemed silly in an announcement got me out of there. Cannot remember what now! Lucky me!