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BOART LONGYEAR


Sector: Mining services

Industry:

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 14 April 2021

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 88881b51 View Research
BOART LONGYEAR: RESEARCH UPDATE - APRIL 2017 06 Apr, 2017 82e0a207 View Research
BOART LONGYEAR: REPORTING SEASON - FEBRUARY 2017 08 Mar, 2017 65684884 View Research
BOART LONGYEAR: RESEARCH UPDATE - AUGUST 2016 11 Aug, 2016 f6a27b04 View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2016 25 May, 2016 3237b564 View Research
BOART LONGYEAR: RESEARCH UPDATE - MARCH 2016 22 Mar, 2016 8701ccd2 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2016 02 Feb, 2016 703b750f View Research
BOART LONGYEAR: RESEARCH UPDATE - NOVEMBER 2015 17 Nov, 2015 85f85ad2 View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2015 09 Sep, 2015 22758b97 View Research
BOART LONGYEAR: RESEARCH UPDATE - JUNE 2015 25 Jun, 2015 d4d73a47 View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2015 13 May, 2015 55c34768 View Research
BOART LONGYEAR: RATINGS REVIEW - APRIL 2015 15 Apr, 2015 3338f3c2 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2015 21 Feb, 2015 ad9a5202 View Research
BOART LONGYEAR: RESEARCH UPDATE - OCTOBER 2014 25 Oct, 2014 78ddb86e View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2014 17 Sep, 2014 55eafee6 View Research
BOART LONGYEAR: INITIAL RESEARCH - JULY 2014 23 Jul, 2014 bd239bdf View Research