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BOART LONGYEAR


Sector: Mining services

Industry: Copper

The company is based in Utah, near Rio Tinto's biggest copper mine and designs, manufactures, owns, operates and sells drilling equipment in over 100 countries.

It has suffered from the mining downturn. At the end of FY13 951 rigs were deployed, or only three of every 10 rigs that it owned.

The rest were dormant. It's not a complicated business, and investors initially flocked to it. After listing in April 2007, having raised $2.4bn, less than six months later, its shares peaked at more than $22 for a market cap of $4bn.

But its current share price indicates that in its short history as a listed company, Boart consistently overestimated the demand for its product.

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  • Radar Rating Unlock
  • Market Cap ($m)* 262.9
  • Dividend Yield (%)* 0
  • NET DEBT ($M) 768
  • * Data as of 18 January 2022

Latest Research Summary

BOART LONGYEAR: RESEARCH TIP UPDATE - SEPTEMBER 2017
28 Sep, 2017

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Previous Research

Research Date Radar Rating  
BOART LONGYEAR: RESEARCH TIP UPDATE - SEPTEMBER 2017 28 Sep, 2017 50c67770 View Research
BOART LONGYEAR: RESEARCH UPDATE - APRIL 2017 06 Apr, 2017 9f7d5dae View Research
BOART LONGYEAR: REPORTING SEASON - FEBRUARY 2017 08 Mar, 2017 18e24757 View Research
BOART LONGYEAR: RESEARCH UPDATE - AUGUST 2016 11 Aug, 2016 8e475937 View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2016 25 May, 2016 9397513d View Research
BOART LONGYEAR: RESEARCH UPDATE - MARCH 2016 22 Mar, 2016 859db640 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2016 02 Feb, 2016 97f9b6e5 View Research
BOART LONGYEAR: RESEARCH UPDATE - NOVEMBER 2015 17 Nov, 2015 fc54f386 View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2015 09 Sep, 2015 289d1f51 View Research
BOART LONGYEAR: RESEARCH UPDATE - JUNE 2015 25 Jun, 2015 873e1803 View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2015 13 May, 2015 bc25cac9 View Research
BOART LONGYEAR: RATINGS REVIEW - APRIL 2015 15 Apr, 2015 45ea4254 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2015 21 Feb, 2015 1861611f View Research
BOART LONGYEAR: RESEARCH UPDATE - OCTOBER 2014 25 Oct, 2014 99f4c79a View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2014 17 Sep, 2014 b6642ce6 View Research
BOART LONGYEAR: INITIAL RESEARCH - JULY 2014 23 Jul, 2014 f67482e2 View Research