Holders should read the profit warning by BOL today:
"Boom continues to face challenging market conditions with significant price pressures and volatile demand patterns"
"Performance in some business units in March and April has been lower than anticipated. Consequently Boom expects trading profitability for the overall business in the second half of FY15 to be substantially lower than the first half of FY15"
"Results in Western Australia have been affected by industry-wide responses to weakening commodity prices. Whilst Boom does not have any direct exposure to iron ore miners that are unfavourably positioned against current iron ore prices, activity in the market as a whole has declined substantially"
While BYL looks cheap based on historical financials, the future is very uncertain.
BYL Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
