Onyx... NOT true! As noted in another thread I spoke with MD...

Onyx... NOT true! As noted in another thread I spoke with MD Brendan Mitchell and came away very impressed. A modest softly spoken man with huge expr as manager in Brambles. I asked re prev TO. He said it was 'highly conditional' and BOL were prepared to negotiate... but TO offer was withdrawn. He assured me BOL is not resistant to 'idea of a TO'. Today's release shows things are looking far better than at any time since GFC. ROCE improved, staff numbers cut, more cranes deployed. Plus a EBIT forecast of up to $40million is stated!! That puts BOL on PE of about 5!!

PS. cranes were so short recently BOL had to borrow some!! Right sector at right time. SP waaaay below NTA.