Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

Boart Longyear Limited
BLY
http://www.boartlongyear.com
Construction & Engineering
154
931

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.17 $0.17 $0.17 $0.16 $0.17 324346 $0.01 ( 2.94% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
24/02/2015

Company Overview

Business Description
Boart Longyear Limited (BLY) is a provider of mineral exploration drilling services, drilling equipment and performance tooling for the global mining industry. BLY operates in two main divisions which are drilling services and drilling products.
Strategy Analysis
Organic growth for drilling services is leveraged to the commodities growth cycle which is volatile and cyclical. The Global Products business has been rationalized with the closure of some facilities, which has improved manufacturing margins. Long term success depends on successful diversification away from minerals exploration and into other growth areas such as environmental and infrastructure drilling. Boart Longyear reported NPAT down 57.4% to US$68.16m for the year ended 31 December 2012. Revenues from ordinary activities were US$2.01bn, down 0.4% from last year. Diluted EPS was 14.8 US cents compared to 34.8 US cents last year. Net operating cash flow was US$64.21m compared to US$197.7m last year. The final dividend declared was 1.0 US cent, taking the full year dividend to 7.4 US cents compared with 10.4 cents last year.

Financial Summary

Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -270.4 -57.6 0.0% 0.0 0.0 0.0% 0.0%
2013 A -105.4 -23.2 0.0% 0.0 0.0 0.0% 0.0%
2012 A 65.6 14.3 -58.4% 19.2 7.1 2.6% 17.7%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Boart Longyear (BLY) $158M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Cardno (CDD) $505M -0.0527 -0.3853 -0.1247 6.0265 9.8039 11.2009 11.80% 4.92% 5.33%
CIMIC Group (CIM) $8,087M 0.0000 0.0000 0.0683 0.0000 16.9421 15.8590 5.23% 3.64% 3.83%
Monadelphous (MND) $1,067M -0.1184 -0.2248 -0.1947 7.6161 9.8250 12.2003 10.74% 7.92% 7.33%
UGL (UGL) $410M -0.1853 -0.3611 -0.1059 5.4570 8.5417 9.5534 0.00% 0.00% 0.62%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 1.22 0.00
Market 1.02 17.20 1.32 1.56
Sector 0.67 9.63 0.79 0.62

Directors

Name Position Start Date
Mr Richard T O'Brien Chief Executive Officer, President, Executive Director 21/05/2013
Mr Marcus P Randolph Non-Executive Chairman, Non-Executive Director 25/02/2015
Mr William Peter Day Non-Executive Director 25/02/2014
Mr Bruce Robert Brook Non-Executive Director 21/02/2007
Mr Rex McLennan Non-Executive Director 24/08/2013
Lord Jonathan Lewinsohn Non-Executive Director 23/10/2014
Mr Conor S Tochilin Non-Executive Director 18/12/2014
Mr Bret Clayton Non-Executive Director 25/02/2015

Management

Name Position
Jeffrey Olsen Chief Financial Officer
Paul Blewett Company Secretary
Fabrizio Rasetti Company Secretary

Substantial Shareholders

Holding Name
464,501,606 (49.90%) Centrebridge Special Credit Partners and other entities

Calendar of Events

Date Event
21 April 2016 Report (Annual)
22 February 2016 Report (Prelim)
25 August 2015 Report (Interim)
27 July 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.