- Huge growing debt and growing interest payments. Finance costs up 21%, and more than half the gross margin. - Lacklustre revenue growth. This is a massive problem with 770M debt. - Lacklustre products division revenue growth. - Lacklustre cash position.
I may sell out within days for a massive loss. There's a good chance these guys could go into administration. They need a proper mining boom to save them. Forward looking commodity markets are relatively positive but with plenty of risk, and Boart has no buffer left.
As for the redomicile, they are not proceeding with it and who knows what that means. Probably good for all holders awaiting a mining boom.
BLY Price at posting:
0.4¢ Sentiment: None Disclosure: Held