BOL 1.72% 14.8¢ boom logistics limited

I agree- I want them to sell old/underutilized assets but I...

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  1. 1,349 Posts.
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    I agree- I want them to sell old/underutilized assets but I don't want them recycling the proceeds into new equipment. Rather, with the share price so heavily discounted to NTA I want them to use the proceeds entirely to buy back equity. That's a very risk free use of the capital & guarantees a large return which is far more than they are getting as a ROIC on new equipment. I honestly don't know why they are not buying back large amounts of equity here. It's silly not to do so. A larger (and shinier) fleet/business does not always equate to a more profitable or more valuable one & this is a prime example of this.
 
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Last
14.8¢
Change
0.003(1.72%)
Mkt cap ! $62.19M
Open High Low Value Volume
14.5¢ 14.8¢ 14.5¢ $17.38K 118.5K

Buyers (Bids)

No. Vol. Price($)
6 109904 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 885472 6
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Last trade - 15.57pm 01/11/2024 (20 minute delay) ?
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