PRN 1.90% $1.04 perenti limited

asl holding-up better than bly

  1. DSD
    15,757 Posts.
    Both ASL and BLY were at $4.20 in late March. Today ASL's SP $1.30 higher than BLY. Both SP's have fallen substatially but ASL held-up far better. ASL mkt-cap 20% higher. Both in similar industry niche but ASL has UG drilling exposure. Margins for surface drillers being squeezed and amount of work on offer has decreased as expl drilling is cut-back and projects delayed as capital raisings become fewer and fewer. Only miners and energy companies with steady production are expanding their drilling.

    My query: what was/is the key difference between 2 companies? Was it management which is often a key?
 
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