PRN 2.09% $1.17 perenti limited

dropping like a stone, page-5

  1. 187 Posts.
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    BLY's business is very different to ASL.

    BLY generates ~80% of revenue from exploration drilling (both greenfield and brownfield) while ASL generates ~80% of revenue from production drilling. Looking forward, production is quite resilient while exploration is in the can and will likely remain so for the foreseeable future.

    A more similar business to ASL is SWK in terms of its production based revenue profile.
 
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