BOL - Will it go BOOM!?

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Archive through April 04, 2007 dennis_menace 25 1 04-Apr-07  11:50 pm

Archive through March 31, 2007 colin_twiggs 25 1 31-Mar-07  12:35 pm

Archive through March 28, 2007 colin_twiggs 25 1 28-Mar-07  09:42 am

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peterloh

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Post Number: 2491
Registered: 03-2003

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Thursday, April 05, 2007 - 07:16 am:

dennis,

The above article that you posted confirmed precisely what I have been saying.The risk at this price level for BOL is more of a up side risk than a down side risk.I also mentioned that BOL did out performed others in a similar industry during the "HONEY" period, this was through buying up its opposition with a growth biased strategy ie a low dividend yield but a high growth focus.This time, however BOL has taken over Sherrin Hire and James Equipment which together is larger than its own size.It was also the momentum traders that put it on the pedestal,
blue sky etc and the same people that dump BOL once they saw some of some difficulties with BOL.I thought BOL was and still is on the right path but as mentioned many times before, I rather buy on the dip than after a break immediately, because of my long term strategic approach.Some companies need size to survive and size for its strength.BOL is a stronger company from here on.My view has also been confirmed by many brokers recently - perhaps it is the fundamental view of looking at the same thing.I have some understanding of the building and the rag trade as shown by my trade on UGL,SKE,OST,ABC in the building industry and SFH(MRL),JST, PBG in the rag trade.

Paul,

I have traded BSG 5 times in 2006 using your method, as initially I was not sure of it as a long term trade and BSG was ranging(still is) this was recorded in the short term trade of BSG in this Forum and subsequently I have not traded it this year because I thought it was time consuming and I no longer pay much attention to the short term paper profit of most of the trade any more.I am afraid my thinking is slowly drifting into a fund manager approach but my portfolio is very concentrated thus still has to be monitored very closely, looking for signs that something may not be right.

I wish I am as discipline as you and I am taking in every word with what you say and add it to my armour of artillery.My portfolio still needs refining and so is my entry strategy , now I have to go back to the basics and made more use of my TA knowledge.

-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

smallworld

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Post Number: 569
Registered: 01-2004

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Thursday, April 05, 2007 - 03:01 pm:

Peter,
I think you've done very well with your method, and you've not necessarily done anything wrong with BOL.
Cheers

(Message edited by smallworld on April 05, 2007)

peterloh

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Post Number: 2497
Registered: 03-2003

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Thursday, April 05, 2007 - 04:03 pm:

Paul,

I could have been smarter though, not that I think that the share BOL is not a good buy. I am also starting to keep an eye on other building and building material shares just like I did in 2001, when they were going to introduce the first home grant.I better pay more attention to the TA aspects from now on.By being too cautious I was only able to buy a small quantity of the following shares which have got away from me eg LNN,GUD and GCL, which I think may go up $2 when they lift the suspension.

dennis_menace

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Post Number: 1007
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Thursday, April 05, 2007 - 08:17 pm:

Boom Logistics (BOL)

A strong comeback for copper and oil has re-ignited share prices of resources companies. However, engineers and service providers to the resources sector have remained out of fashion. Our top 10 list of highest projected total returns in the year ahead not only figures Boom Logistics on top, but peers such as Coates Hire (COA), Coffey International (COF) and Emeco Holdings (EHL) are not far behind. The market's wisdom came to the fore on Monday when Boom issued its second profit warning in two months.

Should investors have similar fears about the others?

dennis_menace

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Post Number: 1028
Registered: 09-2002

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Tuesday, July 17, 2007 - 06:45 pm:

Hi Peter,

Not the news the market was expecting, do you think it an even better buy now at this price? Please find attached an updated P&F charted to the one I posted earlier in the thread.

Shares in Boom Logistics were down as much as 15% after the company said its year to June 2007 earnings had been further impacted by heavy rain and winds. The equipment hire firm said its net operating profit is expected to come in between $36 million to $37 million.

The share price tanked 33c, or more than 9% to $3.15

Cheers
DM

peterloh

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Post Number: 2769
Registered: 03-2003

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Tuesday, July 17, 2007 - 07:52 pm:

dennis,

I feel for those that held on to BOL, as today's crashed in its SP is rather distasteful.I have exited BOL with about 10% profit and I thought BOL is more likely to range trade.My belief is, if I have the shares, I will hold on. I will let it stabilised before buying any more. I am more turned on to resources and energy shares for the time being.

My PA has 10Ks of BOL and I was going to exit it for her when she breaks even to get into momentum shares.Unfortunately, today's SP action set her back a bit.I think patient is what she requires at the moment.BOL will need a few more months to show any improvement in results.The current SP reflects its fundamental.Once again, management has disappoint the shareholders, but the weather is beyond its control.

peterloh

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Post Number: 2770
Registered: 03-2003

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Tuesday, July 17, 2007 - 08:10 pm:

Currently I am involved more with resources and the recent announcements by Boral and Coates were indications that the building and building material companies have stalled in their comeback and COA and BOL have indeed gone backwards.These are cyclical shares and need patience to hold on to them.BLD has in fact mentioned 2008 as the year for recovery. BOL may even go down to $2.90 before making another comeback.Sentiment is down for these shares currently, however they will comeback. The fact that WBC has reduced its holding recently was a warning.If I have BOL I will definitely average down, once it has stabilised. I can understand if a shareholder comes out to say I will have nothing to do with it anymore.When the building services industry recover, they won't be many competitors around any more.

holycow

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Post Number: 2958
Registered: 08-2004

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Tuesday, July 17, 2007 - 08:22 pm:

Credibility, integrity, right of speech, freedom of speech, defending the right of speech... long term buy and hold strategy, averaging down, track record and... more humbug!

It seems there's a new definition for long term buy and hold strategy here... about 3 months!

That's all I have to say... and do I feel sorry for anyone?

YES I DO! I feel sorry for those who had chosen poorly... there're two ways to learn a lesson - you either learn it through others' mistake or you learn it through your own, which by definition would be the more painful option!

***

(Message edited by colin_twiggs on July 19, 2007)

HC

"According to some, reading and believing in what I have written can lead you down the road of misery, hence you are advised to eat more vegetables and drink plenty of water, or you'll end up with a big bad case of constipation..."

captain_chaza

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Post Number: 2559
Registered: 02-2003

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Tuesday, July 17, 2007 - 08:33 pm:

Ahoy Holly Cow

Don't you ever feel sorry for me!

I do very well
THANK YOU VERY MUCH!

Salute and Gods speed to you and your family
Captain Chaza

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

lafee

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Post Number: 587
Registered: 04-2003

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Tuesday, July 17, 2007 - 08:41 pm:

When we were talking about this stock the price really wasn't that far away from it current position.

What is the big deal if this is a long term hold?

Cheers Lafee

Don't ask an academic if what he does is relevant

rederob

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Post Number: 2282
Registered: 10-2002

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Tuesday, July 17, 2007 - 08:50 pm:

HC
I added to my BOL holding today!
It was only 183shares at $3 (from a buy order for 3k).
The order remains open.
I got tipped off to BOL by Eugenio in late 2004 and have added several times, so that my average price is now about $2.60 for almost 13k shares.
It could be that BOL dips below $3 for a brief period, and I won't be too concerned - so long as my average price is not breached.
Long term BOL will do reasonably well, although I do not regard it as a world-beater; far from it.
I does have a strong position in the industry it is in, and is geared for continued growth.
My philosophy on re-entering BOL is that it is very likely to reclaim its former high, and has the potential to do that in a year or so. That would be a return of 60% or so, which is more than enough to make money on.
BOL also has a reasonable dividend policy supporting its growth upside.

captain_chaza

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Post Number: 2560
Registered: 02-2003

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Tuesday, July 17, 2007 - 09:32 pm:

Good On-Ya Red

BOL also has a reasonable dividend policy supporting its growth side as you said ???????????

I'd like to say in all honesty
Let's "Abandon Ship and Let's Dance!!!

Salute and Bon Voyage