Looks like an interesting way to play the east coast...

Looks like an interesting way to play the east coast Infrastructure, Renewables and Housing boom. The company has done well paying down debt to get to where it is today. Boom Logistics is trading at a decent discount to NTA however if the company is unable to increase its utilization rate or there's an overall slow down in big projects the company could suffer or move sideways for a long time.

New government policy on renewables (NEG) - forecasts that no new projects to be built between now and 2030. (omitting projects that have already began construction/reached financial close)

Similarly last year there was 7000 development applications for the east coast (housing). Of which more then half have been scraped due to mainly lending restrictions to investors. On the other hand general infrastructure/contruction work should continue unabated.

With a dramatic slow down in 2 of the 3 key areas for Boom Logistics and the facts its SP has doubled in the last month. I personally think the easy money has been made and there's significant risk after the recent rally.

IMO, Please do your own research. Good luck to holders
WS