how low can it go????, page-29

From my knowledge, Bol have moved into the mining sector for most of their work. They did have a crane business in Melbourne construction sector, but that has been sold 2 years ago. They may have nbn work but given the performance of Ssm, I would not b holding out for it.

Cranes can b a good business, cause once you have bought the crane, apart from the labour cost of hiring them, and head office costs, there are not really that many costs apart from depreciation. You will see the cash flow numbers for Bol have been excellent, just the capex has been high which is why it has debt on its books. Given capes will drop in 2013, the debt will b lower, problem is ebit profits may struggle due to depreciation.