Ann: Trading Update , page-2

Been watching this a while on the basis of very good analysis on this thread.

The update implies FY 2013 Rev of $576 up 3.9%. EBIT $56m up 2.4% and NPAT 17.5m up 6.7%.

2012 NPAT was 16.4m up 11% on the previous year and K&S commanded a share price of around $1.50 in Aug on a good year. Div Yield at $1.50 was 7.3%

In the current gloomy environment ("Operations of the Western Australian-based Regal Transport subsidiary have also not been immune to the cancelation and deferral of
a number of projects") and at $1.75 for a 11c div it looks like there might be some selling pressure still to come.

Interested if this has changed any opinions.