BLY 0.00% $2.91 boart longyear group ltd

expectations for tomorrow

  1. 16,270 Posts.
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    You would have to think that the annual figures will be pretty much in line with guidance given that the guidance has not been updated. That means a healthy profit of around $180m and $s to cover debt and even repay some. management have been saying they will reduce costs, paydown some debt, and perhaps suspend the dividend.

    Even if earnings are halved this FY that will still be US$90m ... or EPS of 6 cents/share .. has to be enough to justify a share price in the 25+ range. I guess it all depends on what they say about being able to refinance debt. Worth a punt with downside to say 10 and upside to 30???????

    H
 
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