BLY 0.00% $2.91 boart longyear group ltd

more broker upgrades, page-9

  1. 2,020 Posts.
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    Good to see long suffering long holders being rewarded. If you remember the fall during GFC it went down from $2.71 to 6.8c - I am talking pre-consolidation price.

    In post consolidation term thats equivalent to a fall from $27 down to 68c. I had my target at 80c pre-consolidation, which means $8 post-consolidation. But Krudd changed the landscape with his RSPT (which Gillard now calls MRRT) so I guess the 80c (or $8) target which I secretly held for some while seem too far-fetch now.

    The current price $3.73 is still quite a bit below the high reached just before the cap raising announcement. I reckon if it ever reaches $5 (like brokers are now saying it would) I'd reap my harvest. Funny how during those dark days there were quite a few analysts as well as HC posters here calling it a sell at sub 20c, and now they call it a buy.
 
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