I'm still holding Boom and am amazed at how cheap the stock is despite the momentum in the business and outlook for further growth.
On my calcuation the market cap at 16c is ~$75m and debt is likely to be around $31m at Jun. So $106m vs $26m in EBITDA, which is up ~30% from last year. Even more so is the $75m compares to >$150m on net assets.
So my question is this, given the company doesn't seem to care what investors think, how can we the shareholders put pressure on management to start realised the value owed to us? The buyback has been good - although I don't know why it has slowed? Should we be writing to the board to say we want any assets not in use to be sold and money returned to us? The whole travel tower business seems like it makes minimal earnings but could easily be 30-50% of the market cap in cash that could come back to us?
or maybe we should be saying to the board we don't want to see any more capital spent on the business and only asset sales and all cash flow used to pay down debt and return to shareholders.
maybe we should push for large half yearly dividends?
Curious to see if anyone else has any ideas?
BOL Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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