Bargains For The Brave In The Mining Services Sector
The New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
Read MoreTag: BLY
Picking The One Cent Wonders That Could Become Dollar Dazzlers
When a stock is trading at a fraction of a cent, it’s usually a message for investors to abandon all hope and sell for the tax losses while they can. But ‘penny dreadful’ shares can sometimes rise from the ashes.
Read MoreBoart Longyear Revival Rolls On
The slow recovery in the fortunes of contract drilling services group, Boart Longyear continues apace, the company reporting solid figures yesterday for the first three months of 2019.
Read MoreBoart Sees Continued Losses
More losses for struggling drilling services firm Boart Longyear as it struggles to meet the pressures from the extended downturn in mining and exploration.
Read MoreBoart’s Losses Down, Shares Up
Believe it or not Boart Longyear (BLY), the struggling drilling company, the one with more than nine lives and escapes from near ruin in the past few years – now survives to live another year, judging by its full year report yesterday.
Read MoreBoart Gets An Extension To Survive
Embattled drilling group Boart Longyear (BLY) has bought itself another couple of years’ survival after shareholders yesterday approved the final step of $US342 million recapitalisation plan from a big US financial group.
Read MoreBoart Longyear Bailed Out – For Now?
Did we hear shouts of joy from long suffering shareholders in struggling drilling services group Boart Longyear (BLY) in the wake of a $US352 million recapitalisation plan revealed before trading on the ASX kicked off yesterday?
Read MoreBoart Facing A Difficult Outlook
Of the two messages issued yesterday from struggling drilling group, Boart Longyear (BLY), the market picked up on the most obvious – that the company faces a possible implosion in the next year if things don’t change and it’s not recapitalised.
Read MoreBoart Shares Surge Despite Downgrade
Shares in stricken drilling contractor, Boart Longyear (BLY) surged (yes surged) yesterday after the company’s credit rating was again downgraded – this time by Standard & Poor’s.
Read MoreBad News Rolls On At Boart
It was another day of grief for the remaining shareholders in the world’s largest drilling company, Boart Longyear (BLY), which revealed yet more bad news.
Read MoreHow Low Will Boart Longyear Shares Go?
More pain ahead for shareholders in struggling drilling outfit, Boart Longyear (BLY), which was trading close to all time lows at 27c a share yesterday.
Read MoreBoart Still Under Pressure
Shares in Boart Longyear (BLY) fell more than 15% yesterday after the drilling company slumped to a full year net loss of $US620 million ($A691 million).
Read MoreBoart’s Second Go At A Downgrade
Yet another downgrade from drilling contractor Boart Longyear (BLY) and of course that sent the shares lower. It was the second warning in six weeks after the company cut its 2013 earnings forecasts at the AGM in Adelaide in late May.
Read MoreBoart’s Surprise Upgrade
Just as Orica is seeing some upturn in demand for its services from the mining industry, so too is drilling services group, Boart Longyear seeing improved interest from the drilling sector.
Read MoreMining: Boart Sees Tough 2009
Mining services group Boart Longyear will review its dividend payout after cutting its 2008 guidance.
Read More
