I think that's what you call an opportunity! Taking advantage of a micro cap stock that is under covered, media shy/poor at promoting, burnt investor base over the past 5 years and one that is too small to garner attention.....Good ingredients for success there.
When even a holder such as Madamswer is so revolted by the company, this highlights the attractive contrarian nature of the opportunity in my view. I'm a bit more positive than Madamswer on the likely duration of BOL's upcycle which largely reflects how long the down cycle was, a lot of purging occurred and financing remains constrained.
Psychologically, this has a lot of attractive features and the headline metrics are about as favorable as you can get with BOL trading on 4x Ebitda and 10x FCF, 35% discount to BV, balance sheet less than 1x Ebitda (lowest basically ever), momentum very strong in the business on both a top line and bottom line basis. Capital management optionality which is huge at current pricing and will hopefully be exercised by the AGM in November.....
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.80M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $18.98K | 135.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 173364 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 278210 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 0.155 |
3 | 135000 | 0.150 |
2 | 106896 | 0.145 |
2 | 59500 | 0.140 |
2 | 37700 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 45000 | 1 |
0.165 | 167376 | 3 |
0.170 | 107000 | 2 |
0.175 | 139683 | 3 |
0.180 | 385245 | 8 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
BOL (ASX) Chart |