cheap or expensive?, page-2

I have only recently in the last week sold my long term holding in BOL; regrettably but now risk averse to coming FY results. They forccast in April that business was poor in 2nd half and they are reliant on asset sales to reduce debt.

I would not be surprised in there is a cap raising to further reduce debt in August. I think it is prudent to just watch how BOL further addresses diminishing revenues and low margins and most importantly addresses high labour costs.

So it may be cheap but likely to expensive when report delivered in August. Wait and watch!