BLY 0.00% $2.91 boart longyear group ltd

major drilling qtr 4 results 8/6 - bly upgrade, page-3

  1. 85 Posts.
    FLASH

    Citi upgrades BLY to

    "Re-iterate Buy, Target Price Raised to $4.25"

    Strong buy case has alternate bull number at $5.12 !!

    Broker agree with Jakeblues op ed on the peer's outpeformance and goes further discussing the three year lag or spool up effect of the industry - in that peak margins did not hit full capacity until three years after the previous recession. Ie/ BLY represents very good value given its significant discout to its global peers - given its a much larger company than Major Drilling et al - we should start to see this recognised.

    Has management got the ticker ?

    Lets put the renumeration debarcle behind BLY. Give them twelve months to peform and bring the instos on board - something we were crying out for at 0.32c - they wont buy BLY until managment get the runs on the board. Thats consistant performances and a clear defined stratergy for growth either via acquistions / diversification. Debt nearly cost BLY everthing - where is it now and will the current management use it to grow ?

    cheers


    Jake
 
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