Shaw Stockbroking has kept its “hold" recommendation on Boom Logistics with a price target of 20¢ and said that a fiscal year 2014 earnings rebound seemed unlikely but felt the company was “on the right track".

“We are turning more positive on the BOL story (they are doing most things right) but we are still concerned about the lack of 2H14 ‘visibility’ and especially 3Q seasonal volatility (hence no BUY recommendation at this stage) – our experience is that when we hear this, the risk is predominantly to the downside in most cases."