BOL - Always underperforming, page-5

Mrchumpy - I think you’re absolutely right. These guys have been no good at capital allocation historically.

buyback in the 15c-20c range, and nothing now that the stock is at 10c.

big asset fleet, all the work of scheduling people around to operate them, and can’t make positive NPAT.

as a shareholder absolutely mind boggling as to how this can happen with a relatively “simple” business.

I think the leasing model isn’t necessarily bad. Vik Bansal took a similar approach at Cleanaway a few years back and returns are better and the stock has tripled...