Last A$0.14 AUD
Change Today +0.005 / 3.70%
Volume 17.1M
As of 2:10 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

boart longyear ltd (BLY) Snapshot

Open
A$0.14
Previous Close
A$0.14
Day High
A$0.15
Day Low
A$0.13
52 Week High
01/8/14 - A$0.51
52 Week Low
07/16/14 - A$0.09
Market Cap
64.6M
Average Volume 10 Days
2.9M
EPS TTM
A$-0.95
Shares Outstanding
461.2M
EX-Date
03/11/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BOART LONGYEAR LTD (BLY)

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boart longyear ltd (BLY) Details

Boart Longyear Limited provides drilling services, drilling equipment, and performance tooling for mining and mineral drilling companies worldwide. The company operates through two divisions, Global Drilling Services and Global Products. The Global Drilling Services division provides a range of services, including surface and underground diamond coring, and underground percussive drilling, surface rotary drilling, surface geotechnical drilling, sonic drilling, and surface and underground reverse circulation drilling, as well as offers earth and rock core samples for analysis purposes and holes for the installation of gas well casings. This division provides drilling services for the exploration and development of gold, copper, nickel, zinc, uranium, oil sands, oil shale, coal, coal bed methane, and other metals and minerals. As of December 31, 2013, it had 951 drilling rigs and provided contract drilling services in approximately 35 countries. The Global Products division designs, manufactures, and sells drilling equipment, performance tooling, and aftermarket parts and services. It offers diamond drill bits, drill rods, wireline core extraction systems, drilling rigs, and other products used in mineral exploration, mine development, mine production, and environmental and infrastructure drilling. This division primarily sells its products to drilling services contractors in approximately 100 countries. The company is also involved in drill rigs rental services. Boart Longyear Limited is headquartered in South Jordan, Utah.

5,871 Employees
Last Reported Date: 08/25/14

boart longyear ltd (BLY) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $859.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $505.7K
Senior Vice President of Global Drilling Serv...
Total Annual Compensation: $484.6K
Senior Vice President of Global Products & Su...
Total Annual Compensation: $398.9K
Senior Vice President of Human Resources
Total Annual Compensation: $392.3K
Compensation as of Fiscal Year 2013.

boart longyear ltd (BLY) Key Developments

Boart Longyear Is Considering A Sale

Boart Longyear Limited (ASX:BLY) is considering selling out to private equity after suffering a fourth consecutive half year loss. "A sale of all or part of the company has clearly been part of our strategic review process," Chief Executive Officer Richard O'Brien told, "The idea that you have somebody buying the entire business, perhaps holding it for a while, re-listing it, and getting it more efficient is certainly one of the ideas."

Boart Longyear Limited Reports Earnings Results for the First Half Ended June 30, 2014 ; Provides Earnings Guidance for the Full Year 2014

Boart Longyear Limited reported earnings results for the first half ended June 30, 2014. For the period, the company reported revenue of $421.50 million, adjusted EBITDA of $18.70 million, net loss after tax of $142.80 million or 31.3 cents per basic and diluted share, adjusted net loss after tax of $68 million, net cash flows used by operating activities of $14.60 million compared to the revenue of $718.90 million, adjusted EBITDA of $80.40 million, net loss after tax of $329.40 million or 72.5 cents per basic and diluted share, adjusted net loss after tax of $24.20 million, net cash flows used by operating activities of $28.70 million for the same period a year ago. Capital expenditures (accrual) were $8.7 million compared to the $32.7 million for the previous year. Capital expenditures (cash) were $9.9 million compared to the $21.9 million for the previous year. Given current and anticipated market conditions, the company expected full-year 2014 financial performance to be consistent with current analyst consensus for revenue and EBITDA, as reflected by Bloomberg as at 15 August 2014. With a mean revenue estimate of $842 million (range of $766 million to $878 million) and a mean normalised EBITDA estimate of $47 million (range of $26 million to $58 million), analyst estimates reasonably conform to the Company's current range of expectations for 2014. Similarly, consensus analyst forecasts of $531 million (range of $514 million to $561 million) for net debt at year-end also approximate Company expectations, absent the potential for additional cash charges for further restructuring activities prior to year-end. For the year 2014, the company expected capital spending to be in the range of $25 million to $30 million and net interest expense to be in the range of $50 million to $55 million.

Boart Longyear Receives Contract for Drilling Services at Magnum NGLs Storage Project

Boart Longyear has been awarded a contract for drilling services at the Magnum NGLs (Natural Gas Liquids) Storage Project at central Utah's Western Energy Hub. Magnum is building the first underground salt cavern NGLs storage facility in the Rocky Mountain region at the site, located 10 miles north of Delta. Development will include the construction of solution-mined storage caverns in a salt dome approximately 3,000 feet below the natural surface. Initially, the facility will feature two caverns each capable of storing between 1 million and 2 million barrels (mmbbl) of natural gas liquids (NGLs) such as propane and butane. Boart Longyear will use the drill rig in its fleet, the LM700 model to drill two injection wells using the dual-tube flooded reverse-circulation technique. The LM700 is the rig capable of drilling to 10,000 feet using the flooded reverse method.

 

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