BLY boart longyear group ltd

double bottom perhaps, page-24

  1. 5,575 Posts.
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    Hi Dacata. I know what you're saying about EHL. I should've had a stop loss in place but didn't. It's too late for me now though. I'm going to hold on from here. Fundamentally too cheap & should be more resilient than BLY in this downturn. Companies would surely prefer to rent than buy expensive mining equipment in this environment. Debt doesn't mature for 3 years. PE of 1.5 & NTA of 78cps. It must turn soon. Surely. When it does, I expect it to follow BLY's up & down trading pattern. Anyway, we'll soon know what's in store for both EHL & BLY once the HY results come out. In the meantime, it's all speculation.

    Cheers,
    Z.
 
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