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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 30 July 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 8146148f View Research
BOART LONGYEAR: RESEARCH UPDATE - APRIL 2017 06 Apr, 2017 184155a0 View Research
BOART LONGYEAR: REPORTING SEASON - FEBRUARY 2017 08 Mar, 2017 91fe1195 View Research
BOART LONGYEAR: RESEARCH UPDATE - AUGUST 2016 11 Aug, 2016 3e12a6ad View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2016 25 May, 2016 316c480d View Research
BOART LONGYEAR: RESEARCH UPDATE - MARCH 2016 22 Mar, 2016 1adf4d50 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2016 02 Feb, 2016 b36052fd View Research
BOART LONGYEAR: RESEARCH UPDATE - NOVEMBER 2015 17 Nov, 2015 bdcdd9a0 View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2015 09 Sep, 2015 cd8979ab View Research
BOART LONGYEAR: RESEARCH UPDATE - JUNE 2015 25 Jun, 2015 3399eb9e View Research
BOART LONGYEAR: RESEARCH UPDATE - MAY 2015 13 May, 2015 3049881a View Research
BOART LONGYEAR: RATINGS REVIEW - APRIL 2015 15 Apr, 2015 c35a6bb7 View Research
BOART LONGYEAR: RESEARCH UPDATE - FEBRUARY 2015 21 Feb, 2015 676948f1 View Research
BOART LONGYEAR: RESEARCH UPDATE - OCTOBER 2014 25 Oct, 2014 615ef7e8 View Research
BOART LONGYEAR: RESEARCH UPDATE - SEPTEMBER 2014 17 Sep, 2014 3a4d5899 View Research
BOART LONGYEAR: INITIAL RESEARCH - JULY 2014 23 Jul, 2014 3b04b690 View Research