I hate to be a wet blanket, but on most measures KZL is not...

I hate to be a wet blanket, but on most measures KZL is not performing, when compared to other resource companies. It is as if the resources boom has left them behind. I did some ratios for BHP, OZL, PNA and KZL and got the following

underlying ebit/revenue BHP 43%, OZL, 50%, PNA 43%, KZL 9%
underlying nopat/revenue BHP 31%, OZL 36%, PNA 25%, KZL 2%

I have taken 1/2 year results for BHP, and KZL and full year results for PNA and OZL.

I would encourage KZL holders to do the ratios for other resource companies and see whether there is any difference.

Maybe, just maybe, it is KZL's inability to be part of the resources boom that is driving the sp and the fact that other resource companies are getting far better returns than KZL.

HT1