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Very doubtful it is Collins St AM guys..They are big fans of the business.
If it was indeed them we will know by next week as they are sub holder.

Nevertheless, I am continuing to accumulate, in line at 14c and 14.5c. The discount the business trades at at present relative to the company's NTA of 26c provides a robust safety net.

As previously mentioned by others in the past, a business like this can trade at NTA or even at levels of 1.5-2x NTA in the best years, and from what we can see these will likely be the best years for a business like Boom with the extravagant government infrastructure spending particularly in the wind farm sector where BOL flourishes.

Have a look at MRM SP over the past couple of years whilst they have continued to revolutionise the business by paying down debt and making value accretive investment decisions.. look at what the SP has done there. It has taken 18-24 months for the market to pay 95c which is equal to MRM's NTA.

Not saying MRM and BOL are identical businesses but they do have some similarities and I believe the market will soon recognise BOL's intrinsic value. All we need is a recommencement of dividends and this should take off.

Lastly, it's important to remember that BOL is very difficult for fund managers to purchase on market as it's shares are highly illiquid and therefore there are added risks to fund managers building positions in businesses of BOL's size, so it provides an opportunity for retail investors like ourselves to build meaningful positions.

Have a good weekend folks.