BOL 0.00% 14.0¢ boom logistics limited

There doesn't seem to be news of any kind to explain the sharp...

  1. 69 Posts.
    There doesn't seem to be news of any kind to explain the sharp sell-off over the last week - though I'd expect to be the last one to know if there was :-)

    Still, recent coverage all seems very optimistic, including the following:

    http://www.egoli.com.au/egoli/egoliStoryPage.asp?PageID=%7BF1DEC153-B544-4483-840B-EFE38A9B75F8%7D&Section=Warrants

    Boom Logistics (BOL): Boom is benefiting from strong construction and maintenance markets. MRE expect organic growth rates to continue in the high single-digit range for the immediate future. There is currently a two-year lag in obtaining new equipment which could place pressure on hire rates in the near term. Over 70% of FY07 revenue was derived from maintenance contracts,
    typically of three-year terms, giving a high degree of revenue certainty.
    Outperform
 
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