There is a difference between a fair-value price and the...

There is a difference between a fair-value price and the SP.

Nobody can work out a fair-value SP with a fine degree of accuracy. To be 10% out would be expected, and 20% would be normal, using the word "normal" as a scientist would (to have a few dwarfs in a large population is normal).

The market price is another matter - as a general rule it runs ahead of a fair-value price in bull markets, and it trails it in a bear market, and then there are temporary blips in both directions. With the market looking for yield right now, it is not surprising that KSC got a fillip.

Anyhow, I am more than happy to be gradually clawing back the capital loss on paper. I bought many years ago at above $3.00. I hold 30,732 KSC in my SMSF portfolio, and KSC has been a good earner over the years.