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robbo
27-06-2005, 06:54 PM
Boom Logistics (BOL)

Improving Profit Forecasts by Boom Logistics...

Company have just released some Big Boom ing News...

With Profit to come in, EVEN above what was I thought an Optimisitic Broker released Consensus !!

....--- ASX NEWS RELEASE for: Boom Logistics (BOL)

Sydney - Monday - June 27:

(RWE Australian Business News) - BOOM
Logistics Ltd (ASX code: BOL) today announced it expected to achieve a
net profit of around $15.3 million, equivalent to $15.7 million before
goodwill amortisation, for the year to June 30.


This forecast represents.... a 62 per cent improvement.... in net profit from the previous year, which had included only nine months revenue from five acquisitions that were an integral part of the October 2003 float.
Earnings per share is forecast to rise by 21 per cent for the
2005 year.

*****

BOOM has signed an option agreement to acquire Sherrin Hire for $60 million plus assumed net debt of $70 million.
It intends to exercise that option on July 4 with settlement to occur in early August following an extraordinary general meeting.
The enterprise value of $130 million represents an EBITDA
multiple of 4.9 times Sherrin's forecast pro forma EBITDA of $26.8
million for the 12 months to June 30.
The acquisition is expected to generate at least 12 per cent EPS growth in the year ahead.
Sherrin is focused on the provision of large-scale travel
towers, where it is the clear market leader with more than 80 per cent
market share.

*****

The acquisition of Sherrin is to be funded from an underwritten
institutional placement, comprising a $35 million firm placement and a
$32 million placement conditional on shareholder approval.

Joint lead managers to the placement will be ABN AMRO Rothschild and Wilson HTM.
Subject to approval of the placement, BOOM shareholders will
have the opportunity to acquire up to $5000 of new shares under a share purchase plan at the institutional placement price.
Record date for the SPP is June 30.

*****

BOOM chief executive Mr Rod Harmon said the outlook for Boom and Sherrin over the next 12 months remained positive across all key
sectors, underpinned by strong demand from resources and infrastructuredevelopment.

"In addition, Boom will be actively targeting cross-selling
opportunities between the respective customer bases of Boom and Sherrin, and this has significant potential to generate further growth," he said.

The announcement was made after the close of trading.
Shares in BOOM Logistics rose 3c to $2.25 today.
ENDZ

We here at The PUB often have a need to lift Heavy Crates of ICE Cold Crownies......[:p]

...And, so on that thinking,....yep,.... we do OWN BOOM (BOL) shares !!

Kind regards

Robbo:):)

robbo
28-06-2005, 01:09 PM
Boom Boom Boom (ASX:Bol)

Snap[ped into Pre Open This Morn, pending another Announcement.

There were five announcments for Boom Last night..

Something is Booming along perhaps....[?][?]

Kind Regards,


Robbo

robbo
01-07-2005, 11:32 AM
Boom Logistics.(BOL)

Hi Guys,

I would REALLY...IMO... have a good think about getting on board this share...

I personally reckon Boom is a Big Buy with a capital "B"....IMO....

Why ?

(1) It will probably now qualify for the top ASX 100 now after the Super Successful Hot Demand Insto Placement of $87 million to fund the acquisitions...

(2) Yesterday Boom LogiticsBOL raised $67 million from an insto placement at NO Discount @ $2.20 in 24 hours flat....and was heavilly oversubscrived...

(3) Look at this compared to Coates(COA) at a similar stage in its development back in year: 2001/2002...and do the comparo yourselves...

(4) Profit Guidance was Upgraded from prospectus only 4 days week ago, and I reckon they might even exceed that again...on my own number crunching & calcs...

(5) Nicely leveraged to Mining, Oil & Gas, and and Infrastructure Industries/Sectors:.... which are among the hottest and strongrest Growth sectors; presumably for at least the medium term

Kind Regards,

Robbo :)

Disclaimer:

The above is not advice,not warranted for accuracy, and ONLY just my pown thoughts and personal views, so do please do your own research....and seek independent counsel before making any investment decision .....etc etc....

Regards,

Robbo:)

mark100
01-07-2005, 12:01 PM
Huntleys have an accumulate recommendation on them up to 2.90.
I hold a few.

mark

robbo
01-07-2005, 12:52 PM
quote:Originally posted by mark100

Huntleys have an accumulate recommendation on them up to 2.90.
I hold a few.

mark


Hi Mark100, (by the way, ....what does the 100 signify--(ASX 100 specialist perhaps... ??!)

Not that I ever personally look at external anlaysts to assess shares; but since you raise Huntleys reco. what date WAS that reco for BOL actually made on??

Much appreciate youur feedback Mark100, and many thanks in advance...

Kind Regards,

Robbo :)

mark100
01-07-2005, 01:18 PM
davidrob,
I don't put much faith in analysts but I'm always interested to read what they say about stocks I hold/follow. They made that recommendation this week after the news on the acquisition and capital raising.

My name is mark and on another site mark was taken so I put the 100 on the end and now thats my name on all websites except hotcopper. Nothing to do with ASX100!

cheers
mark

robbo
01-07-2005, 02:15 PM
Thanks Mark,

F'nuff re, explanation vis a vis Huntleys and their thoughts on Boom, Boom BOL....

So again Mark, Many thanks for taking the time Mark with that Huntley's snipetts//feedback...quite interesting....

By the way Mark ...I have held BOL for just over 12 months...

Mark, I take it you too are a holder ?? .....[?]

My thoughts are a bit more Bullish than Huntleys for BOL over the long term for BOL-- I do see them (BOL) ---potentially--- as a bit of another ## Coates Hire (COA)--.......

-- although I will be very interested to NOW see Boom's up coming annual Financial Year Report, and what Market Cap (BOL) end up coming in at......(.....and indeed, which S& P indices they(BOL) then fall into !!!.....) .....when the dust is all settled after the Boom (BOL) upcoming EGM-- in early August to ratify their Further Cap Raise as foresahdowed for all of the the Crane biznesses acquisitions....

--as well as for BOL to advise; when all existing Boom (BOL) shareholders can have their agreed upon & announced discounted $5000 worth of $2.20 (BOL) Shares which is now looking well like a free gift of around $$1500-$1900 ++---in Novemeber !!??.... )...... at least for those who were already in the Boom Boom...[:p][:p][8D]

--So for me.....BOL ....IMO...only.... Predicition is that My next 14 month Target for Boom is: ## $4.70 to $5.50 plus ..... from around this time--1/7/05....and will now almost certainly ADD to my own holdiongs of BOL (BOOM) on any weakness thru the next period of 14 months (....I say 14 months deleiberately; as this allows us to see another 3 Stated Reporting periods for Boom from todays date !!...)

Do note also; that Boom(BOL) has nearly done 100% in Share price appreciation since only a short; and mere 12 months ago !!

Always a pleasure; and also Good talking to you about Boom Logisistics (BOL) Mark !

Kindest Regards,

Robbo :)

mark100
01-07-2005, 04:13 PM
davidrob,
I bought only small quantity in Jan so I have been down on my intial purchase most of the time until a few weeks ago. I have purchased a few more today however.

$4.70 would be nice but I'll be happy with $3!

mark

robbo
06-07-2005, 11:40 AM
Boom Boom Boom Logistics.... (BOL)

Up 22 % since the last post....and still travelling nicely toward the $3.00 mark


Would say, that Boom is Looking good a Boom heads into the ASX 200---

with the Boom earnings and profits Results predicitons, ahead of forecasts and expectations....

And with massive growth in Dividends and Profits...

Boom sems to be attracting a lot of Insto support with daily turnover now about $1.8 millions-plus -- t/over in shares volumes per trading day....

And the leverage to the Petroleum, Oil and Gas, Civil Construction, Mining, and Roads, Ports and Train Tunnell Infrastructure....and now almost enjoying a MONOPOLY in the "big end of Industry" in the Aussie Crane Hire Logistics Bizness.

Yep, as a long term Acculmulate; personally I do like Boom (BOL) very much indeed.

Kind Regards,

Robbo:)[:p]

robbo
01-09-2005, 08:33 PM
Boom Boom (BOL)

Broke thru all time high of $2.82 today... with Increased v Strong Volume...

Should bash, ( or should that be, BOOM ) --- thru $3.00 within the next short period, one feels....

Kind Regards,

Robbo :)

robbo
05-09-2005, 10:07 PM
Boom (BOL)

If Cranes are your thing...(Infrastructure for Oil and gas and mining and Civil Construction etc...)

And your Into Boom Boom Boom.....

Then, you may want to Watch-List carefully for the for the $3.00 Resistance chaps...

Coz if so, then, my thoughts are that $3.50 is a 40 day formality for Boom logistics (BOL) ...

But they are just only That,.... my thoughts !!

Regards,

Robbo :)

robbo
21-11-2005, 12:17 PM
Boom Logistics (BOL)

If anyone noted my last post on this Boom Logistics (BOL) thread, you'll see that now the $3.00 mark has been broken.... [:p] ;)

And so it seems BOL is now Going for a solid Run....

My estimated New Short Term Share Price Target, IMO only , for Boom Logistics (BOL) --over next few weeks is: $3.53.

Kindest Regards,

Robbo :)
Disclaimer:
Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.
Kindest Regards,

Robbo :)

Moonshine
21-11-2005, 12:21 PM
Good write up in the Perth Sunday Times over the weekend,... well, rated as a strong Buy by Huntley's (I think... can't quite remember the actual broker).

Could explain the rise this morning.

robbo
28-11-2005, 03:51 PM
Boom Boom Booom (BOL)

** -- Boom Logistics - (BOL)

Hitting New Boom Highs Again Today:)

Up 5.9% to approx: $3.33 on over 1/2 million dollars of volume before afternoon session....

And check out the Boom Depth :)[:p]

Kind Regards,

Robbo . :)

robbo
16-12-2005, 05:39 PM
Boom Logistics ....... (BOL) >>

Will it be a boomer Christmas for Boom.....(BOL)..?

Will the new Boom Cranes from all of booms Acquisitions pay off for Boom Shareholders ?

Boom (BOL, imo, seems ....tied to The Construction cycle...

...... and/or to segments of the:

(1)Mining and

(2) Privatiaed and Public/Private Joint Infrastructure Projects, and related industries, especially in the Construction of New Mines, Tailing Dams, Primary and Secondary Roads, Railway Lines and Tunnels , Underground Road way Tunnels .... and other related Waste, Electricity Stations,Hospitals, Business Parks,Commonwealth Games Sporting facilities, up grading of entertainment venues,new Airports (eg: Adelaide) etc etc etc..... and will, imo, mirror the up surge in Massive New infrastructure activity that Australian powerful Business lobbies are Demanding.....

This, imo is seen also and reflected in the excellent increased EBITA's reported by the likes of Monadelpheuous (MND) ,Thiess, Leighton Holdings (LEI) , United Group (LEI) and Ludowici (LDW),to name a few....

- So, on balance and reflection..... feel that, Boom could indeed, continue to....errrrr...... well... boom...

Happy Christmas All,

Robbo :)
Disclaimer:

Views expressed above are unwarranted. These views ought not to be read as warranted, either expressed or implied, for their accuracy or veracity. Views expressed above, cannot be read as warranted, either expressed or implied, for their accuracy or veracity. Comments expressed here; are on a “Without Prejudice” basis only. Views are only the author’s personal, subjective whimsical thoughts, sometimes experiences, and intuitions. Obviously, as with all opinions, they are open to discussion and refutation, as well as other interpretations and review. In that light, for any investment decision, always do your own research, seek independent financial advice and independent counsel you can trust at all times. Therefore, please take these opinions and sentiments only in this context.

Kindest Regards,

Robbo :)

robbo
18-02-2006, 04:29 PM
Boom (BOL)

Boom Logistics (BOL) Earnings have late last week been reported and they were quite good indeed..... imo....:)[:p]

It does now seem, ....by most accounts that the Boom (BOL) Earnings and Revenues and other KPI's numbers .....were, by all Media accounts, reassuringly..... very nicely well above most analysts expectactions .... at least imo, going by all reports in the AFR and other financial press, covering Boom (BOL)

- Consequently, seems now that the the Boom(BOL)-- share Price has Now been marked up relatively significantly, (last time I peeked was around # $3.90) over the last few days ....:)

-- Probably Boom (BOL) share Price.... now, will have a long hard stare --??-- [?]- at the $4.00 Number.... and if it breaks through, will ....imo.....possibly-- [?]-- either settle into the $4.20 trading range ....hmmmmm.....or start to be re rated to future earnings......[?]--- rather than new Up dated Historical and then push on maybe to the $4.50 mark....[?]:)

-- By the way, Do sincerely hope; that all Sharetrader subscribers got the discounted $5000 BOL share offer....offered by the Company, via the ASX News anouncements; before Christmas at $3.00 even, and tucked them away into their Christmas stocking......[:p]

Dividends should be good too.

Kindest Regards to all,

Robbo:)

robbo
01-03-2006, 05:35 PM
Boom Logistics (BOL)

Boom (BOL) is certainly proving to a bit of a boomer....[:p]

Hit $4.27 to finish another All time High again....

Regards,

robbo

robbo
03-03-2006, 06:36 PM
Boom (BOL)

And hits another ATH on more than $2 millions of dollars of Volume again today...

What a "boom week"-- for Boom (BOL)

Regards,

Robbo

Flying Goat
25-06-2007, 07:53 PM
Just checking this out, any ideas as to why the SP is drifting backwards? Low PE vs historical multiple for this company yet mild growth continues this year, perhaps picks up next year. Least attractive aspect so far looks to be th high levels of debt they are taking on for the acquisition trails.... welcome any thoughts.

Huang Chung
25-06-2007, 08:11 PM
My guess is that the loss of their well respected MD, Rod Harmon, is being perceived as a negative. Rod Harmon was instrumental in driving BOL's growth by acquisition strategy. The jury may remain out on the new CEO, the ex BOL Finance Director Mark Lawerence, until he too can prove he can target, acquire and integrate quality crane and access equipment businesses at the right price.

Also, companies operating in a similar space, such as Tutt Bryant and Coates, have hit some potholes in recent times, and this may be rubbing off on BOL.

Just an opinion.....

Crypto Crude
26-06-2007, 01:08 AM
quote:Flying Goat-Just checking this out, any ideas as to why the SP is drifting backwards?

Flying Goat...
havnt had a Davidrob post in awhile...yeah yeah thats what it is...:D...
need some of those booming posts...
[8D]
.^sc

winner69
29-11-2007, 07:37 PM
The BOL chart looks like the Rakon chart at the moment .... since the IPO all the way to nearly 500 and after the beating over the last few weeks for now apparent reason all the way down to 218

Trading at 10 times last years earnings and with earnings growth expected in F08 now on a PE well below 10.

Has had some problems getting new equipment and suffers a bit from the port congestion in OZ but still maintains strong revenue streams.

Seems that the company and analysts are at odds as to what BOL is worth and that is not always a good sign if you want a strong share price

However keeping a close eye (technically) as my sums have a valuation north of 300 ..... and that means possible good returns quite quickly ..... watching those TA indicators

soulman
30-11-2007, 05:20 AM
Tough one Winner. Insider selling now ahead of a bad announcement don't scare you at all?

It sticks aroung $2.60's for a while. Got an Inside Trader Stock of the Week about a few months ago and consequently goes to $3 plus and now drifting way back. I feel like this stock is also worth a go although bad news always results in more bad news. A takeover target too maybe, since COA and PCG are being pursued ATM.

winner69
04-12-2007, 07:24 PM
A few more analyst downgrades and down she goes

BOL now down to 193 ..... more than 10% down over the last week

Even on revised forecasts now getting real cheap but sentiment is a worry

Keeping on a close eye ....... I still believe value in BOL now ..... lets see what what happens tomorrow

_Michael
04-12-2007, 08:32 PM
Yes, has also been on my watch for a while but have not had chance to research enough - currently on 9 times earnings and nearly 6% div.

There was an insider buy today after close, not insignificant value ($54k)

I would have thought its not such a terrible business all in all either, but my main concern is debt:equity of 79%

SEC
05-12-2007, 12:38 AM
I'm closely watching now as well. Old support line around $1.80 but I want to see some price stability and extra volume flushed out before buying.

SEC

winner69
05-12-2007, 10:54 AM
Yes, has also been on my watch for a while but have not had chance to research enough - currently on 9 times earnings and nearly 6% div.

There was an insider buy today after close, not insignificant value ($54k)

I would have thought its not such a terrible business all in all either, but my main concern is debt:equity of 79%

That debt:equity of 79% equates to debt/debt + equity of 44% which is quite respectable

A lot of industrials aim for this level of debt.... otherwise they are accussed of having lazy balance sheets

_Michael
05-12-2007, 05:12 PM
Hi Winner

Not sure i follow 100% or - my understanding was that at 30/06/2007

interest bearing debt @ $238m
less cash & equivalents $10m

= net debt $228m

/ shareholders equity $288

= debt/equity (or gearing) 79%

In my mind thats hardly an attractive balance sheet but admit am very conservative particularly in the current environment with rising 'risk aversion' or bigger gap between government bond yields and corporate bond yields - add to that rising govt bond yields!

With regards to the differing calculations it might be a matter of semantics, but (for my personal research etc) i usually loosely follow the formula above to guage debt exposure but agree 100% that it all depends on the business.

Looking further into BOL one would assume they have some longish term lease agreements so the cash flow may well be steady and predictable enough to carry higher leves of debt.

Am still watching and reading up on them because essentially it seems an okay and relatively simple business and (not-withstanding anything from left field) will most likely enjoy a multiple expansion from current 9 times to at least 12 times once confidence / sentiment eventually turns.

Regards

M

winner69
05-12-2007, 05:36 PM
Micheal - my 44% is (using your numbers) is 228/(228+288)

I prefer to use a debt/(debt+equity) because that way you can see clearly how the capital structure of the comany is made up - in BOL case 44% debt / 56% equity .... it just seems so much more meaningful to me

Same data - just different sums - and this way round BOL debt levels look reasonable.

winner69
05-12-2007, 05:47 PM
.... and another down day on the sharemarket for BOL

_Michael
05-12-2007, 06:01 PM
Hi Winner

I follow now - yes point taken that method clearly shows capital structure.

Guess its just a matter of being acustomed to reading one way or the other.

Never the less as SEC points out volume is still pretty drastic with todays volume representing 2.5% of market cap seems that whoever the house-cleaning insto is (perhaps BT funds still off-loading) they still have a bundle of stock to get rid of....!

moimoi
05-12-2007, 07:07 PM
some of the reasons are mentioned here...

http://www.theaustralian.news.com.au/story/0,25197,22864137-23634,00.html

cheers
Moi.

winner69
06-12-2007, 10:53 AM
Michael - if BOL debt levels worry you but interested in the sector you could be interested in a similar company in EHL Emeco whose debt:equity is only 45%

Deal in the big bulldozers and digger stuff for the miners ....

As with BOL out of favour with the market with the shareprice down 40% odd this year mainly because growth haas slowed and they have exposure to the US

Revenues of $600M with forecast NPAT about $75M so big profitibale company .... and trading at low multiplies (like PE <10 )

Just a thought

Wonder how BOL will go today?

soulman
06-12-2007, 05:31 PM
BOL is in a sector that has seen enormous growth yet they are struggling. Could they be like Henry Walker and dissapear just before the start of massive construction spending. DOW is another stock being hit with bad risk management and management itself.

I will leave BOL alone for now but it looks a reasonable buy ATM.

Who's currently in BOL and did you buy at higher prices?

jackt
06-12-2007, 06:54 PM
I did some day trading on BOL when its sp was in the high $2s and low $3s. Did ok. Sold the lot before the sp went south.

When the sp dipped to $2.45 I decided that it was time to change tack. Bought for medium term holding. Topped up when sp dropped even further. I'm not too worried; my only concern is the high level of goodwill at $107M capitalised into equity. In a way it's reassuring that $41M of the goodwill arose from the purchase of Sherrin Hire because the investment's financial performance has exceeded BOL's expectation.

It's also reassuring that post-year-end the non-executive Chair invested $146K to buy 65K on market trade. That's the equivalent to his full year's remuneration from BOL.

It was very tempting to keep buying when the sp dipped to $1.85. But there are so many good buys at the mo.

soulman
07-12-2007, 06:25 PM
That's the way Jack, you always must have reasons to buy certain stocks. I supposed, with all those validation, you would still be a bit worried about the stock future potential, and today's drop in a strong market won't help. I thought that BOL was an OK buy at about $2.60 and when it went up to $3.10, I thought it was a lost opportunity. Now, even so, I am not even rushing to buy BOL because I need more management confirmation before buying. LEI can have problem with their Spencer Station projects in 2004 because they are so big but BOL having problems like that will kill them.

I never bought LEI before but I did know they drop to $8 after that bad announcement. Now they are at $60's.

_Michael
07-12-2007, 06:47 PM
Hi Winner

Thanks for the tip on Emeco, yeah looks like they have similar problems and also in the single digit p/e club. Had read about both in the AFR Smart Investor some time ago but still not really excited enough to take tresearch to the next step.

Actually on the topic of slightly out of favour heavy industrials Sims Group is an extremely well run business that was starting to look like value near $25 but unfortunately bounced today above $27 - still hoping for a decent pullback. Will pick up the Sims thread later on though as to why...

moimoi - interesting article, that explained alot that was not necessarily obvious about BOL from just reading the announcements.


cheers
m

jackt
07-12-2007, 08:44 PM
Hi Soulman. I can see your rationale. Maybe I'm just less risk adverse than are you, so for me the glass is half-full and filling up...

The matter of management confirmation can come in various guises. A formal announcement would be good, but it's even better when the directors put their money where their mouths are. Director Jack Hebiton bought 100K shares for $193K only a few days ago. That's a total of 4 directors buying a total of 205K shares post-year-end.

Companies like BOL, AIO and DOW are obviously not in favour now, hence the worries and hesitation. True, there're a few reckless directors operating out there. But the vast majority are decent hardworking professionals. They realise that their financial wealth is intrinsically tied to those of investors en mass. As a rational investor I do maintain a clear distinction between critical analysis and unfounded suspicion. Otherwise, I'll never get a minute's sleep at night.

_Michael
07-12-2007, 09:49 PM
hi jack

yeah - todays insider buy announcements were not small, usually a good message on the long-term fundamentals - unless they are just seeing the cup half full but my guess that its approaching genuinely cheap right about now.

m

_Michael
10-12-2007, 05:44 PM
Im no technical analyst but that was one healthy looking bounce today.

Looks like the bottom might be in - another director buy today as well.

Did anyone get on board yet? Not me regretfully.... still don't know enough.

winner69
13-12-2007, 02:33 PM
Hope sub 200 was as far down as it was going to go

Sentiment around BOL and even the sector still not that good but worth a go in my view .... but watch those charts carefully for any signs of weakness

_Michael
13-12-2007, 06:11 PM
Hi Winner,

I've a terrible confession to make - i'm in at 1.94 a couple of days ago

You can hardly argue with 9 times downgraded earnings result, besides its essentially a good business with decent length lease periods and a wide offering since vertical intergration acquisitions, i.e. crane procurement, sales and maintainence - plus the widest geographical scale in oz. guess i decided to tolerate the balance sheet on this occasion (you know my issues with that) but hope they will have a drp in place so they can pay down debt quicker just in case borrowing terms become less favouable for them. All the same good cashfllow and very good value at below $2.00, i have concluded....!

:rolleyes:

winner69
21-01-2008, 12:16 PM
Was out when holding 190 was a struggle ...... but never thought it would get as low as 156 ........... thats nearly another 20&#37; down

So still watching the charts closely for signs of resurgence in the shareprice ..... maybe around 150 could be good support point ... only time will tell

_Michael
21-01-2008, 05:34 PM
Was out when holding 190 was a struggle ...... but never thought it would get as low as 156 ........... thats nearly another 20% down


Thanks for the reminder Winner


Disc: Hold

_Michael
21-01-2008, 06:18 PM
Hopefully there will be a dividend reinvestment plan for the next couple of years, as the cash-flow would best be used paying down debt at them moment in my opinion.

soulman
21-01-2008, 06:58 PM
What about $1.48. Luckily I stayed away at $1.80. Considering D is a dirty word and how much D BOL have (not sure). Then again, debt is just part of business activities.

Hit with MFS and AFG has given me a headache in consecutive day. Who's next in my portfolio?

The performance of BNB, AFG, Challenger, MQG and other financials like HFA have been hit hard today. Along with the big five banks losing all the gain they made on Friday and the big miners......oh what the heck, everything is down. WAN is up.....WOW.

winner69
23-01-2008, 07:04 PM
Another sell off and way down to 113 --- market cap now less tha $200M

Expected to make $18M half year to December and about the same for the second half gives them a full 08 profit of $36M - so current PE is 5.5 ..... even if it only came in at $30M still a PE of 7

Michael is worried about their debt levels ..... there are a lot of companies around with higher levels of debts ..... and cash flow more than cover the interest bill

Unmoved and unwanted .... not always a good sign ....... but when positive sentiment returns to the mark BOL is one stock to be on ....... it has been way oversold and potential gains are now looking very attractive .... earlier i said i had a valuation in excess of 300 on BOL .... so looking good as soon as the tide turns ... it can't really go out much further

_Michael
23-01-2008, 07:24 PM
Another sell off and way down to 113 --- market cap now less tha $200M

Expected to make $18M half year to December and about the same for the second half gives them a full 08 profit of $36M - so current PE is 5.5 ..... even if it only came in at $30M still a PE of 7

Michael is worried about their debt levels ..... there are a lot of companies around with higher levels of debts ..... and cash flow more than cover the interest bill

Unmoved and unwanted .... not always a good sign ....... but when positive sentiment returns to the mark BOL is one stock to be on ....... it has been way oversold and potential gains are now looking very attractive .... earlier i said i had a valuation in excess of 300 on BOL .... so looking good as soon as the tide turns ... it can't really go out much further

Hope you're right winner. Was curious why it got so whacked today on big volume and scanned HC for any possible conspiracy theories - someone suggested the storms in Queensland could be delaying projects and therefore cashflow which may put them in precarious position with nervous bankers.

Just speculation of course but to my way of thinking the problem with debt is that it does not allow much room for operational hiccups. All the same, last year operating cash flow $72m which looks comfy enough as you say...

_Michael
01-02-2008, 10:16 AM
BOL in trading halt. Judging by plunging share price the news is not good over the last couple of weeks and days.

Best guess is that banks are not comfortable with their debt (contrary to opinions in this thread).

Is this the next "oops - went on a debt fueled acquisition trail and am now struggling to refinance" victim? Probably.

winner69
01-02-2008, 06:41 PM
Trading halt in the morning

By 4pm the CEO has gone ...... sorry 'resigned' immediately

And BOL say they will make an announcement 'shortly' which suggests later today

Whats going on ..... I'd guess the books don't quite balance and trading ain't been too good and he forgot to tell the board about it ....... and a profit downgrade coming

Will know soon ..... interesting

soulman
01-02-2008, 07:16 PM
Uhm...dodge a bullet here. BOL was on my watchlist to buy when they were $1.80.

Isn't this a new CEO replacing coy founder that retired about 2 years ago. He didn't last long. The fact that he resign voluntarily and was not force to resign spells trouble for BOL. SP expect to drop badly here even there is no further profit downgrade as no one like a CEO to resign suddenly. Usually, there is a succession plan for up to 6 months.

My guess is, BOL will announce they will make a loss this half, with improvement in the second half.

winner69
01-02-2008, 07:25 PM
Uhm...dodge a bullet here. BOL was on my watchlist to buy when they were $1.80.

Isn't this a new CEO replacing coy founder that retired about 2 years ago. He didn't last long. The fact that he resign voluntarily and was not force to resign spells trouble for BOL. SP expect to drop badly here even there is no further profit downgrade as no one like a CEO to resign suddenly. Usually, there is a succession plan for up to 6 months.

My guess is, BOL will announce they will make a loss this half, with improvement in the second half.


Was CFO for many years and took over as CEO last year when founder retired ...... yep didn't last long as head honcho eh

winner69
05-02-2008, 11:48 AM
If that is the end of the announcements hardly warrants a trading halt .... just a profit downgrade .... could have told punters about that the other day

Wonder what'll happen when comes out of halt .... i have some low ball bids in ..... never know might even pick some up under 90 cents

Worth a punt I say ..... but keep a close on the chart

_Michael
05-02-2008, 05:41 PM
You would have done well to pick up the early trades in the 90's today Winner as it looked like there were some desperate short sellers buying in early morning to cover their positions once they realized the news was not as bad as most of us anticipated...!

I was wrong that about it being debt related ad you were right that it turns out to be some fudged numbers over there. The mere fact that they halted trade to make a profit downgrade concerns me (or annoys me) from viewpoint that it was clearly public knowledge before the announcement - and they did not get another ASX query.

All in all relieved to hear the debt is locked in below 8&#37; but peeved that it seems Booms financial woes are public knowledge to everyone but ASX announcement register - you have to wonder about leaky Auditors or management....!

winner69
07-02-2008, 03:28 PM
Nothing positive in the last few days trading to encourage one to keep watching this one too closely

Obviously unloved and untrusted at the moment

I'll leave it to guys to pick up the pieces and reap the profits if it should take off once the disenchanted have deserted the ship

Will have another look in a few months or so once the dust has settled - did have high hopes for BOL but obviosly not just at the moment

PS - missed out on the few that traded below 100 yesterday

Snow Leopard
07-02-2008, 11:00 PM
At the current SP they are a steal except for the amount of debt they carry combined with the general attitude to it.
So until the world calms down a lot I will keep an eye on them; but for me the risk/reward ratio is still a tad too high at the moment.

soulman
08-02-2008, 02:21 AM
Tough one. Had a go at it today but bought right at the open, hence too high. A small investment as BOL is not in the finance sector and whether BOL represent a compelling T/O target for private equity player.

BOL is a risk ATM but I think the market has price that in already. BOL has dropped 60% plus percent in the past month.

winner69
14-02-2008, 01:10 PM
PS - missed out on the few that traded below 100 yesterday

That was last week .... plenty below 100 now ... even below 90

Announcement didn't have anything that wasn't already known and hell even if they only make $20M this year the current market cap of $150M is pretty low .... but if this is a bear market a PE less than 7 would not be out of place.

Said I would leave a few months .... but wavering

Snow Leopard
14-02-2008, 09:53 PM
Note 8 to the half year accounts could be the cause for the worry.
They needed to maintain an EBIT/I ratio of 3+ and got down to 2.92.
The interest cover requirment being waived is negated by the fact that this occurred due to correction of errors in prior accounts.

You need confidence that they can improve their earnings, refinance the $161m of current loans and borrowings at a sensible rate and get the accounts right.

winner69
15-02-2008, 12:46 PM
Whatever it is BOL is priced for some sort of financial distress coming up ..... a lot of worried punters out there

Where to from here they ask

COLIN
18-02-2008, 06:29 PM
I'm taking the plunge tomorrow and going to buy a few .........I think?????? One can't help but feel that there has been a gross over-reaction here. And BT Funds Management must feel the same way as I do (I must see if they have a job opening for me!)

soulman
19-02-2008, 12:18 AM
The update from BOL after the market close was OK. But until they get a new CEO, there is much uncertainties regarding BOL future. The SP now is under BOL IPO price of 80 cents (2004).

BT Wealth bought in as well as did one of BOL execs. But that same execs bought in plenty as well when BOL was $2.

Dividend of 4.5 cents (cum), potential yield of 10% FF, PE less than 6. All bad news factored in or just the start for the coy to go down even further. Times will tell.

COLIN
19-02-2008, 02:09 PM
I'm taking the plunge tomorrow and going to buy a few .........I think?????? One can't help but feel that there has been a gross over-reaction here. And BT Funds Management must feel the same way as I do (I must see if they have a job opening for me!)

Stone the crows! I had to go out before the ASX opened, and didn't get to place my order. Now I come back and find that BOL has indeed boomed and I've missed the chance to make 30&#37; in one day! I am now indulging in self-flagellation with any loose object I can find. Boy, does it hurt.
But may not be too late to hop on Board. Yes, I will ..........perhaps................!

_Michael
19-02-2008, 05:41 PM
was just thinking about your post Colin and wondering if you had the chance to make that order... bummer

more inside buying helping to ease the anxieties as well

thing is one of the founders stepped in since CEO walked out so not completely at sea with nobody at helm

lewinsky
30-04-2008, 11:31 AM
Boom looks as though it is turning around quite quickly. Up 20&#37; in the last two weeks.
Low P/E, Good Yield, New CEO, Profit ok. Highly Geared, Great Sector.
I think there could be more upside here, provided the DOW doesn't tank again shortly.
I am not betting against that!
LEW

_Michael
30-04-2008, 05:51 PM
Yeah - glad I hung on an rode out the 70 cents range, having a CEO certainly will improve the comfort level for new investors... that there is some certainty now. His CV looks impressive as well so lets hope the ship is back on track. Meanwhile bank the dividends.

COLIN
30-04-2008, 08:08 PM
was just thinking about your post Colin and wondering if you had the chance to make that order... bummer

more inside buying helping to ease the anxieties as well

thing is one of the founders stepped in since CEO walked out so not completely at sea with nobody at helm
Michael - have only just noticed your post. Yes, I bought some, at 97, and am feeling quite happy about that. Today's boost, seemingly arising from the new CEO appointment, was quite a percentage gain for that type of announcement.
But I wish I hadn't bought RCR at around the same time - today's profit downgrade was not accepted at all well by the market, and it will be a while before market confidence returns.
A basic rationale for buying modest amounts of these two stocks - apart from their apparently oversold status - was the old one about the money to be made, in mining booms, from supplying the tools to the miners, etc.

Ken
07-08-2008, 05:11 PM
My first posting and as I hold BOL I would like to know if anyone has noticed that McAleese Investments have been building a stake in BOL? They now own nearly 15million shares/8.74%. McAleese appear to be a large private road haulage and crane hire company with branches around Australia. Any ideas what this could mean for BOL?

Huang Chung
07-08-2008, 09:13 PM
Hi Ken and welcome aboard. Hope you will be a regular contributor.

I notice that McAleese seem to be a predominantly central Queensland operation. They are probably quite familiar with Boom, as Boom have been active in the central Qld market. My guess is that they probably figure that Boom should rebound at some stage, and thus have built a stake. I don't know, but I doubt they will attempt to take it private...Boom would be a very big bite to swallow.

Out of interest, have you ever looked at Tutt Bryant Group?.....whilst Boom have been bust, TBG have been doing very well. They do more in the way of long term dry hire of cranes, where as Boom is more short term wet hire. They also are national distributors for a couple of brand of cranes and other earthmoving equipment, and also operate some equipment hire businesses. Interesting company.

winner69
11-08-2008, 07:16 PM
BOL up 20% today and back close to the $1 again .... wonder what aparked todays rise .... something to do with what mentioned in the recent posts????

winner69
06-03-2009, 11:35 AM
Another old favouraite of mine ... couple of good trades in the past

Now being trashed good and proper post half year announcement ... so all the way from about 500 2 years or so ago to just 36 cents .... thats the stae of the market eh

Now only worth $62m and with debt of $250M has enterprise value of $310m with expected opex cash flow this year of about $80m .... so EV:EBITDA of 4 prob on the cheap side but not outrageously so

Glad you missed out in the 80's hoop .... taking that walk was a blessing

winner69
05-05-2009, 12:01 PM
Think Boom have had one profit warning too many for most ..... and this time they might be given that pariah tag and nobody will ever show an an interest in them again

Down to the 30's again .... this time around there might not be a bounce ..... keep watching those charts though as there been some really good swings over the last year

winner69
08-07-2009, 01:45 PM
Hi Ken and welcome aboard. Hope you will be a regular contributor.

I notice that McAleese seem to be a predominantly central Queensland operation. They are probably quite familiar with Boom, as Boom have been active in the central Qld market. My guess is that they probably figure that Boom should rebound at some stage, and thus have built a stake. I don't know, but I doubt they will attempt to take it private...Boom would be a very big bite to swallow.



Something happening - McAleesee trying to merge BOL with his other companies

Market obviously don't see much value in this proposal and shareproce down below 30 cents since starting trading again

May be some action one day but BOL has had one profit warning to many for anybody to have any confidence in thsi outfit

Huang Chung
08-07-2009, 07:14 PM
Something happening - McAleesee trying to merge BOL with his other companies

Market obviously don't see much value in this proposal and shareproce down below 30 cents since starting trading again

May be some action one day but BOL has had one profit warning to many for anybody to have any confidence in thsi outfit

Ken did well to spot McAleesee's interest in BOL. If some sort of deal gets nutted out, I would still think there will be a listed entity of some description.

winner69
01-05-2013, 07:11 PM
Well well ...... hope nobody still interested in this dog

Jeez 15 cents is pretty low

percy
02-05-2013, 07:24 AM
Well well ...... hope nobody still interested in this dog

Jeez 15 cents is pretty low

Have not followed for a couple of years.
15 cents.????
Their record for getting things wrong appears to be intact.!!!!

macduffy
02-05-2013, 12:51 PM
FWIW, from FN Arena:

"BOL - BOOM LOGISTICS LIMITED
CIMB Securities rates BOL as Outperform (1) - Boom has confirmed it will not meet FY13 guidance, affected by weather and customers deferring maintenance activity. Moreover, the company has refrained from providing replacement guidance, as visibility for the busy months of May and June is so clouded.
CIMB notes these factors are not exclusive to Boom and has cut FY13-14 earnings forecasts by 36-55% in light of ongoing headwinds in the coal sector, to which about 45% of the business is exposed.
Sector-wide problems may contribute, but with the share price trading at a 70% discount to book, the broker thinks corporate activity is an increasing possibility. The Outperform rating is maintained and the price target is reduced to 27c from 53c.
Target price is $0.27 Current Price is $0.16 Difference: $0.115 If BOL meets the CIMB Securities target it will return approximately 74% (excluding dividends, fees and charges).
The company's fiscal year ends in June. CIMB Securities forecasts a full year FY13 dividend of 0.00 cents and EPS of 2.60 cents .
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.96.
Market Sentiment: 1.0 "


Disc: Not holding.

percy
02-05-2013, 02:31 PM
thanks macduffy.I will watch from a great distance.!!

steve fleming
20-06-2013, 09:23 PM
Not a good day to announce:

"Boom Logistics Limited (“Boom”), Australia’s leading provider of crane logistics and liftingsolutions, has been advised that it has been unsuccessful in retaining the BHP BillitonPorts contract in Port Hedland, Western Australia through a competitive tender process.


Boom has a dedicated fleet of 13 cranes and an operational team of 44 crane operatorsand 15 other employees which support this contract on a 24 hours a day, 7 days a weekbasis. The contract has contributed $1.68m of EBIT in the 11 months to May 2013."

Probably represents about 10% of BOL's EBIT. Almost game over now for BOL I think.