Loading companies…

Boss Energy Ltd ASX:BOE

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 9 managers in total.

Position history by manager Showing 3 of 9 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

6 more managers have commented on BOEPro shows the full position history for all 9 managers.

Upgrade to Pro

20252026

8 Mar 2025 to today

Commentary Showing 2 of 16

DateManagerActionSummary

14 Oct 2026Seneca Financial SolutionsHeldSeneca Financial Solutions continues to hold Boss Energy (ASX:BOE), believing it could recover over the next 12 to 24 months after falling from uranium market favourite to one of the most heavily shorted ASX stocks. Seneca acknowledges the reasons for scepticism: an overstated Honeymoon resource, an underperforming original wellfield design and repeated resets to the production ramp-up. Following an operational review, a new feasibility study and a technical market day, Seneca believes Boss now has a commissioned, cash-generative operation and a de-risked balance sheet. With $207m cash, no debt, inventory and equity stakes covering $0.86 of the $1.46 share price, Seneca values Honeymoon at more than double its implied $250m at US$90/lb uranium.

Annual Report, price recorded $1.25

The source document link is a Pro feature

30 Sep 2025Acorn CapitalExitAcorn Capital exited its position in Boss Energy Ltd because the Managing Director announced his retirement and the company shortly after noted operational issues with a new wellfield, with the potential for a major reduction in mine life and increase in production costs. Acorn Capital notes that while Boss Energy is in a strong financial position, the risk of a major downgrade was sufficiently high to warrant exiting.

Quarterly Report, price recorded $2.06

The source document link is a Pro feature

14 more comments on BOEPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 9 managers first commented on BOE.

View Pro

Articles

14 Oct 2026Boss Energy Collapsed 61.5% on Leadership Exit and Wellfield Issues
30 Sep 2025Boss Energy BOE Fund Manager Commentary and Investment Thesis

About Boss Energy Ltd

Materials, Oil, Gas and Consumable Fuels

Boss Energy (ASX:BOE), a uranium producer, has disappointed fund managers after operational problems at its Honeymoon mine. In September 2025, Acorn Capital reported Boss fell 61.5% after its managing director announced his retirement and the company flagged operational issues with a new wellfield. Cadence and Clime noted difficulties reaching nameplate capacity at Honeymoon and weaker FY26 guidance, raising concerns about long-term asset quality. Earlier in 2025, Acorn highlighted strong gains on rising uranium prices, while Tyndall exited at what it considered fair value. Boss Energy operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 15 comments from 8 fund managers, including Acorn, Cadence, Clime and Tyndall. Founded in 2005 and headquartered in Subiaco, Perth, Boss Energy produces uranium from the Honeymoon in-situ recovery mine in South Australia and holds an interest in the Alta Mesa project in Texas.

Market cap: $515m
Price to earnings: 245.2x
Return on equity: 0.5%
Dividend yield: 0.0%
Price to book: 1.30x
Net margin: 1.7%
52-week range: $1.00 to $2.15

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Boss Energy Ltd (ASX:BOE)?

Fund managers including Milford Asset Management, Monash Investors, Ausbil Investment Management, Cadence Capital, Acorn Capital, Tyndall Asset Management, Clime Investment Management, Quest Asset Partners and Seneca Financial Solutions have invested in Boss Energy Ltd (ASX:BOE).

What opportunities or catalysts do fund managers highlight for Boss Energy Ltd?

Earlier commentary from Acorn Capital highlighted strengthening uranium prices and progress restarting Honeymoon as drivers of the share price, reflecting Boss Energy's leverage to the nuclear power cycle.

What are the key risks to the Boss Energy Ltd investment thesis, according to fund managers?

Managers highlight difficulties reaching nameplate capacity at Honeymoon, operational issues with a new wellfield, weaker guidance and the retirement of the managing director, according to Acorn, Cadence and Clime. Tyndall also flagged ramp-up risk at Alta Mesa.

What does Boss Energy Ltd (ASX:BOE) do?

Boss Energy Ltd. is an exploration company focused on gold and uranium projects. Established on October 24, 2005, and headquartered in Subiaco, Australia, the company operates via two primary segments: Australian Uranium Operations and Alta Mesa Operations. Its core business activities include the exploration and development of these resource assets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…