Boom Logistics takeover talk
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Lifting equipment supplier Boom Logistics (BOL) jumped today on high volume as takeover fever gripped the sector.
News that earth moving equipment company Emeco (EHL) had received two takeover proposals from private equity firms ignited speculation that Boom Logistics would be next to attract corporate interest.
Boom Logistics appears to be a more appetising target, on face value at least. The stock is trading on a one-year forecast enterprise value to earnings before interest, tax, depreciation and amortisation (EV/EBITDA) of 3.5 times – or a 15% discount to Emeco.
The stock added 2 cents, or 12.9%, to 17.5 cents at the close, making the stock the best performer on the Uncapped 100.
You might remember that Boom Logistics received a 52 cent a share takeover bid from private equity fund Archer Capital back in 2010, which management subsequently rejected because it “materially undervalued” the company.
That claim turned out to be an exaggeration and Boom Logistics has proved itself to be a perpetual underachiever (see A mining services revival?).
The industrial equipment industry has a track record of catching the eye of private equity companies. Coats Hire is one recent example that comes readily to mind.
Call 1300 880 160
Start a chat
Schedule a call
