BLY 0.92% 54.0¢ boart longyear group ltd

I think it's been priced to fail many times in the past few...

  1. R21
    565 Posts.
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    I think it's been priced to fail many times in the past few years, a swing to profit in 2H18 and positive operating cashflow would be a game changer IMO and awaken from slump.

    I skim read the releases for the Canada thing and I don't think it will make much difference at all, I stand to be correct but my read is:

    Current - HQ in US, listed on ASX, Australian company is the parent entity
    Proposed - HQ in US, listed on ASX, Canadian company is the parent entity

    I'm just not sure why...can't be a cheap exercise so must be some incentive, fewer regulations and reporting? probably tax related? Pay tax = make a profit, so maybe that's not a bad thing!!
 
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