Ann: Notice of Results - FY23, page-14

let’s recognise the lag effect of asset purchases vs delivery and utilisation .
I think the main game here is a change in pricing philosophy. The ex CEO was more concerned about utilisation at tiny margins vs realign business to where high margin work can be obtained . The new team have a new philosophy. Like most business Boom has had to deal wlth staff shortages , higher costs and delays in some of their bigger projects. The stock is pricing on no recovery. This is where the opportunity lies , any form of success will result in a lot of upside

the other thing worth noting is this company burnt many fundies many years ago and it’s only now where that scar tissue has started to heel

it has so many similarities to MMA and although it may not be a 4 .5 bagger from here over 2 years , surely it can trade at 75% or it’s NTA in a year at around 20.5 c