BLY 0.00% $2.91 boart longyear group ltd

deutche bank upgrade to 41 cents pe cheap

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    BLY (10x FY11 PE) is still trading at a significant discount to local (12.6x) and offshore (14x-16x) peers hence cheap at the moment. Historical margins are 23% (from current 19%) so more upgrades likely as rig capacity continues to improve
 
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Currently unlisted public company.

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