BLY 0.92% 54.0¢ boart longyear group ltd

The case of buy on rumor and sell on fact for this one is so...

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  1. 7,495 Posts.
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    The case of buy on rumor and sell on fact for this one is so obvious !

    H2 Loss of US $58mil on revenue of US $739mil

    Cash reduced from US $59mil to US $44mil

    Big debts reduced from US $735mil to US $643mil

    The Enterprise Value of the Business: $735 + (395x0.78) = US $1.043 billion

    or AUD $1.337billion .... Not cheap based on the numbers..

    Back to 1.1c again I am afraid !

    Gluck punters
 
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