There's an argument to be made that BOL doesn't necessarily need consolidation considering their current share structure. A significant portion (around 50% based on https://www.marketindex.com.au/asx/bol) is already held by the top 20 shareholders, including the board's 65 million shares.
Here's a possible growth strategy for BOL to consider:
Focus on Debt Reduction: Prioritize paying down debt, similar to VYS or MVS approach. This would improve their financial health and position them for a potential re-rating by the market.
Debt Reduction Target & Transparency: In their next quarterly update, BOL could emphasize a clear target for debt reduction or achieving a positive cash balance position. This demonstrates a commitment to financial stability.
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There's an argument to be made that BOL doesn't necessarily need...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 492541 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 1426597 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 492541 | 0.140 |
8 | 1048776 | 0.135 |
7 | 188811 | 0.130 |
2 | 206000 | 0.125 |
2 | 8340 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 1426597 | 8 |
0.150 | 656017 | 5 |
0.155 | 75000 | 1 |
0.160 | 527611 | 4 |
0.165 | 5715 | 1 |
Last trade - 16.12pm 02/10/2024 (20 minute delay) ? |
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