If you can't answer your own question mate, I don't think I can help you. Their recent announcement was enough to giva shareholders (whom have already taken a battering) a massive corinary.
IMHO they should have been keeping the market more informed, and have now had to take massive steps to correct their overspending on old technology and also to try to raise finance. They are now paying the price for keeping their shareholders in the dark, and will be punished accordingly before investors seriously look at the price compared to earnings.
They rode on the back of the tech boom, but that is well and truly over for the time being. No way will the big contract with Anglo occur now. Back to basics...contract drilling and PCF sales.
Bomber
BDL Price at posting:
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