Boart Longyear

Stock Code
Stock Exchange
Boart Longyear (BLY) is a global leader in providing drilling services and drilling products for consumers in the mining and minerals, environmental and infrastructure, and energy industries. The Company listed on the Australian Stock Exchange on 5 April, 2007. Its head office is located in Salt Lake City, Utah. Boart Longyear has two main operating divisions: the Global Drilling Services and Global Products divisions.

Arrow Energy (AOE) was the overall best performing stock taking in a 12.61 percent increase. It was a mixture of drilling services, chemical manufacturing, financial services, energy and mining & exploration companies who were among the best performing stocks for the week 23 of 2008 of the Australian sharemarket: Boart Longyear (BLY), Incitec Pivot (IPL), Challenger Financial Services Group (CGF), Arrow Energy (AOE), Sundance Resources (SDL). These best performing stocks managed gains above 6.06 percent by the end of the trading week.
Here is an update on the Australian Mining Services Sector provided by Australian market analyst UBS.
Energy Boom – The Beneficiaries!
Boart Longyear (BLY) has a $2.47 share price target and an Outperform recommendation from Australian stock analyst Macquarie Research Equities.
Boart Longyear (BLY) - Vindication at Last!
Here is an update on China’s Industrialisation from market analyst Macquarie Research Equities.
China’s Industrialisation: Resources Strong - Go Long!
26 May 2008
China’s Industrialisation: Resources Strong - Go Long!
Resource Services Sector Update provided by Australian stockmarket analyst Macquarie Research Equities.
Resource Services Sector – M&A Activity
Boart Longyear (BLY) has a 12 month share price target of $2.47 and a retained Outperform recommendation from Australian equities analyst Macquarie Research.
BLY: Who Boart Longyear in a Goodyear?
Boart Longyear (BLY) has an Outperform recommendation and a 12 month share price target of $2.47 from Australian stocks analyst Macquarie Research.
Boart Longyear (BLY): Trading Idea
Outperform
Current Price: $1.86
Target Price: $2.47 (~33% Upside)
P/E: 12.3 X
Div Yield: 2.9% (35% Franked)Boart Longyear (BLY) Technicals
- BLY has pulled back ~31% from it’s all time high at $2.75 in October 07 to now be trading at $1.90, just $0.05 above its April 07 listing price.
Bradken (BKN) was the overall worst performing stock taking in a 40 percent drop in its share price. Among the worst performing stocks for the week 50 of 2008 on the Australian sharemarket were a mixture of commercial explosives, mining, steel and crop protection: Dyno Noble (DXL), Zinifex (ZFX), Boart Longyear (BLY), Bradken (BKN), Nufarm (NUF). These top 6 worst performing stocks for week 50 recorded losses above 10 percent by the end of the trading week. The overall worst performing stock, Bradken had a significant gap between the next highest worst performing stock.
Pan Australian Resources (PNA) was the overall best performing stock taking in a 13.09 percent increase. Among the best performing companies for the week 42 of 2007 on the Australian sharemarket were a mixture of energy, metal & mining, drilling services and agribusiness: Paladin Energy (PDN), Newcrest (NCM), Boart Longyear (BLY), Pan Australian Resources (PNA), AWB (AWB), Mt. Gibson Iron (MGX). All the above best performing stocks for week 42 managed more than 5 percent gain by the end of the trading week. The week’s highlight was the majority of metal and mining companies.
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)
