By the amount of quiet interest in the stock lately that the sale will be soon.
The work out fees from the banks are cost $9m a year so it will be hugely positive if the work out comes off.
Sell hire business will generate $50-$70m cash but only generating $2m EBIT at moment. Means EBITDA will remain around $100-$110m on EV of $290m (With more non-performing asset sales to go).
Like I have said this will be a 3 bagger just like BPC was a 5 bagger from its work out days. Risk has diminished significantly since the last asset sales.
The volumes in the stock have been interesting lately as a couple of brokers seem to be chasing stock around. Nothing like a bit of old fashion bidding to push the price up.
For the TA people (I'm not one) 10 day MA moving above 30 day which indicates a bullish trend from the low.
