Australian (ASX) Stock Market Forum

KSC - K&S Corporation

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So_Cynical said:
Almost 3 years into this/these trade/s and finally completed today at $2.07 ~ total of 8 parcels sold, a combination of trades and dividend reinvestments, 4 winners and 4 losers, freed up a heap of cash and overall realised a trade profit of 7.14% reducing my average price per share held to $1.46

Overall a good result thanks to aggressive bottom buying, 1 entry that fluked the bottom and 2 dividend reinvestments either side of that bottom at $1.12 and $1.14 ~ gross dividend yield going forward of 9.8% with the last 2 dividends factored forward...any increase of course would up that yield to over 10% :)

What more could a long term, yield chasing, low cost entry and averaging contrarian ask for.

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Yeah and KSC is still a great stock to own, great business, great growth industry, except now its getting expensive to buy into.
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Good one sc

And it is still in a classical uptrend.

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gg
 
skc said:
I guess you could have asked for a higher return than 7% in 3 years :confused:
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I was 45% down 11 months ago, sitting on a loss of over 3K .. 7% is brilliant! .. add to that around 16% gross dividend yield over the 3 years.

Big picture, i have 2 exits in this stock 11.45% in 2009 and 7.14% in 2013, i could of sold some of the cheaper parcels and realised some more profit, but im seriously trying not to get a tax bill this year and want to keep my profit under 8K with more than half of that getting CGT discounting, so had to sell the older parcels.

Besides my open KSC profit is now 44.26% i love how averaging down can leave you with such cheap stocks when the market rallys...a 5 year stratagy coming good...open portfolio profit now 19.13%

skc said:
Or buy LAU today @ 18c which closed at 22c for a 22% return in one day...
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LAU is a great business, wanted it and watched for a long time...very thinly traded.

how many LAU trades actually went through today?
 
From the SCC Thread

System said:
On April 7th, 2014, Scott Corporation Limited (SCC) was removed from the ASX's official list following completion of the compulsory acquisition process by K & S Corporation Limited.
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Scott is a good acquisition for K&S, broadening their National business into bulk liquids, explosives and dangerous goods, fair to say that Chemtrans is the industry leader in this field...a 5 depot fuel tanker fleet in central, west and north QLD as well.

http://www.scottcorp.com.au/
 
Some good acquisitions over the last 12 months. I was reading around a little about Allan Scott the original owner of Scott's Transport, a Mt Gambier company bought rival company K&S Freighters (in the same town) and floated it on the ASX. http://en.wikipedia.org/wiki/Allan_Scott_(businessman)

So I guess KSC had a very good understanding of Scott's transport when it bought it out!

Adding Northern Territory Freight Services is interesting. It now has confirms good north-south transport corridors East Coast, in recent years the West Coast and now Central Australia.
I like it.
 
jbocker said:
Some good acquisitions over the last 12 months. I was reading around a little about Allan Scott the original owner of Scott's Transport, a Mt Gambier company bought rival company K&S Freighters (in the same town) and floated it on the ASX. http://en.wikipedia.org/wiki/Allan_Scott_(businessman)

So I guess KSC had a very good understanding of Scott's transport when it bought it out!

Adding Northern Territory Freight Services is interesting. It now has confirms good north-south transport corridors East Coast, in recent years the West Coast and now Central Australia.
I like it.
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I had a look at this company recently, I remembered it from when I lived in western victoria many years ago and I knew Allan Scott and both Scotts and K&S were the 2 big names in the area.

Sadly its not doing so well as a public company though and it soon dropped off my watch list. They have had ongoing issues with fraud as well, with a second major one uncovered this year.
 
The gradual increase over the last 6 to 12 months is somewhat opposite to what I was expecting in the current economy. Difficult to predict a real trend as the stock trade is reasonably low volume. Is trucking enjoying a positive spin in the current economy / market?
 
jbocker said:
It has been scarce this century KSC has not paid a dividend for 1/2 and full yearly. None paid today after a considerable drop in profit amongst other things to corresponding period 2018. Share price has still held well (so far).
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On the numbers presented and management's admission they can't give any short term earnings guidance for next year, it looks like the past 6 years of ranging between $1.20-$1.85 is set to continue.

KSC5Sep2019.jpg
 
KSC going nowhere with the economy flat, growth, interest rates and demand flatlining...i sold out a while back.
 
I wonder how the virus affects the trucking business at the moment. KSC is at a yearly low currently.
Trucking I thought is still viable and an accepted border crosser.
 
I think its just a tough, low margin business to be in, @jbocker. Trucking probably having little impact from Covid, but that doesn't make KSC a good business!
 
galumay said:
I think its just a tough, low margin business to be in, @jbocker. Trucking probably having little impact from Covid, but that doesn't make KSC a good business!
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OK I understand. What I don't get is this announcement this morning. TO ME it reads as really good news, but is it really? It hasn't gone nuts in share price. Am I reading more into it (highly likely :)) or is just thinly traded, tightly held, on no-ones radar … or what?
https://www.asx.com.au/asxpdf/20200716/pdf/44kljh7sx1x855.pdf
 
jbocker said:
OK I understand. What I don't get is this announcement this morning. TO ME it reads as really good news, but is it really? It hasn't gone nuts in share price. Am I reading more into it (highly likely :))
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The 12.4 million in jobkeeper payments dont look good and the increased profit is mostly due to successful cost cutting and control.
 
Yep, nearly all the profit was simply the Jobkeeper payments, another poor result in reality. Its the first thing I am checking with each release of EOFY financials, a lot of businesses will have NPAT distorted by Jobkeeper.
 
14 July 2022

K&S Corporation Limited Earnings Guidance for FY22

K&S Corporation Limited (ASX: KSC) provides the following earnings guidance for the year ended 30 June
2022.
Based on unaudited management accounts, K&S Corporation currently anticipates that the underlying profit
before tax for the year ended 30 June 2022 will be between $20.7 million and $21.7 million and the statutory
profit before tax will be between $22.5 million and $23.5 million.
K&S Corporation expects to announce its statutory results for the year ended 30 June 2022 on 24 August
2022.
================================================================================================



i hold KSC
 
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