BOL 0.00% 14.0¢ boom logistics limited

post gfc think they had to sell of alot of assets to pay down...

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  1. 3,880 Posts.
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    post gfc think they had to sell of alot of assets to pay down debt wehich was out of control
    problem with this co assets ( cranes and towers)depreciate they age and if you are selling when economic times or activty is not high you are getting peanuts
    they always need to update their fleet over time so there will be continued pressuire on the sp
    they should do stakeholde5rs a favour,put the cue in the rack cut their losses and see what they can get for the business before activity stalls

    Avoid.
 
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
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