BLY 0.00% $2.91 boart longyear group ltd

Management announced on 10/7 that they were "highly confident...

  1. 26 Posts.

    Management announced on 10/7 that they were "highly confident that company is in full compliance with financial covenants". Covenants include Net debt/EBITDA of 3.75. Net debt approx. $800 million, therby suggesting current annualised EBITDA of approx $220 million. Company also stated in May that EBITDA had improved every month since December. Things are likely to have further improved since then.

    Also appears short term debt refinancing under control.

    Expect a very good half year result and significant increase in share price.
 
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Currently unlisted public company.

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