huntleys recommend ipo

For those who aren't aware there is a new IPO - Boart Longyear.

Huntley's have included this in thier newsletter yesterday:

"Boart Longyear Float
We recommend investors Subscribe to the offer. Investors should consider all relevant risks including uncertainty in final price determined by the book build process. The retail offer closes on Wednesday March 28 and accordingly, our full report is updated on the Huntleys' website and will be included in next week's YMW print version."

Be interesting to see how they break it down but they seem positive. They have the number one market positon in the provision of drilling services to the mining industry globally, with a market share of approximately 17% - with leading positions in the key markets of Australia, Canada and the United States.

With mining activity at full steam, trying to keep up with demand from the developing world for decades to come - it is definitely worth a look. The under investment of the 1990's will be a positive for stocks like this - look at Worley Parsons. At between $1.76 and $2.10 a share.

On listing it will be in the ASX100 - and attract alot of support from fund managers.

I have applied and just wanted others to know about this opportunity. Here is the link for the prospectus:

http://www.boartlongyearshareoffer.com/residency.asp



Regards
Eman

P.S Please read the prospectus and consult an investment advisor.
Warning - may provide a larger short-term gain than T3...