how low can it go????, page-27

The mkt value is 60m, yet Bol reports net assets of 300m. There will have to be a massive write down of bol's assets sometime soon given the industry. I still think at this moment they can salvage at least 20 cents of value if they sold everything.

My concern is in the last half year head office costs went up even as the workforce has been trimmed. If u aggressively cut costs or sell plant, than execs must also take pay cuts, which is y without liquidation, the cranes will not b sold!!

Problem with cutting the crane driving workforce equals less cranes available to b hired. Bol need to cut capex and overhead, to be more competitive, 40m capex was a shocker in the last half.