BOL 0.00% 9.8¢ boom logistics limited

I would take it up. By my calculations the nta backing after...

  1. 75 Posts.
    I would take it up. By my calculations the nta backing after dilution to 395m odd shares will be around 56 cents ps. Enterprise multiple (EV/EBITDA) will be around 6.8x. these suggest reasonable inherent value and updside. also may make them still attractive to takeover offers.
    However, from their recent market update BOL suggests EBIT will be in the range of $50-60m this year. By my rough calculations this will mean they will probably still incur a small loss (circa $5m) for the full year + no div forthcoming. They appear to have unavoidable big cost hits in depn and financing charges. If they can improve operating margins then they may come in with a small overall profit.

 
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