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Last A$0.07 AUD
Change Today +0.004 / 5.97%
Volume 1.3M
As of 1:41 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

boart longyear ltd (BLY) Snapshot

Open
A$0.07
Previous Close
A$0.07
Day High
A$0.08
Day Low
A$0.07
52 Week High
10/29/14 - A$0.28
52 Week Low
09/3/15 - A$0.07
Market Cap
96.9M
Average Volume 10 Days
1.1M
EPS TTM
A$-0.58
Shares Outstanding
930.9M
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 in the United States and internationally. It operates through two segments, Global Drilling Services and Global Products. The company offers surface coring, underground coring, multi-purpose, reverse circulation, conventional air/mud rotary, flooded reverse, directional, sonic, and percussive production drilling services for a range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. It also provides various drilling equipment, including surface and underground coring rigs, and multipurpose rigs for diamond core and reverse circulation drilling; and sonic rigs, pneumatic and hydraulic rock drills, and geo-technical equipment for use in mining, minerals, environment, and infrastructure applications. In addition, the company offers performance tooling for diamond coring, reverse circulation, production, sonic, and geo-construction drilling applications; and preventive maintenance services, spare equipment sales, commissioning and upgrading, training, and rental services for drill rigs. As of December 31, 2014, it had a fleet of 942 drilling rigs. Boart Longyear Limited is headquartered in South Jordan, Utah.

4,799 Employees
Last Reported Date: 08/23/15

boart longyear ltd (BLY) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $1.7M
Chief Financial Officer
Total Annual Compensation: $646.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $693.8K
Senior Vice President of Global Products and ...
Total Annual Compensation: $556.7K
Senior Vice President of Human Resources
Total Annual Compensation: $529.3K
Compensation as of Fiscal Year 2014.

boart longyear ltd (BLY) Key Developments

Boart Longyear Limited Announces Management Changes

Boart Longyear Limited's Board of Directors announced that Richard O'Brien will be stepping down as the company's President and Chief Executive Officer at a date that has yet to be determined. Mr. O'Brien will continue to provide day-to-day leadership and oversight of the company until such time as a final departure date is agreed. Effective immediately, Marcus Randolph, the company's Chairman, will be increasing his role at the company and will become Executive Chairman on a temporary basis. During this transition period, Rex McLennan will assume the role of Senior Independent Director.

Boart Longyear Limited Reports Consolidated Earnings Results for the Half Year Ended June 30, 2015; Reaffirms Operating Guidance for Fiscal 2015

Boart Longyear Limited reported consolidated earnings results for the half year ended June 30, 2015. For the period, the company reported revenue was $387,470,000 compared with $421,495,000 for the same period last year. Operating loss was $84,030,000 compared with $85,953,000 for the same period last year. Loss before taxation was $118,766,000 compared with $114,055,000 for the same period last year. Loss for the period attributable to equity holders of the parent was $152,349,000 or 17.2 cents diluted per share compared with $142,826,000 or 31.3 cents diluted per share for the same period last year. Net cash flow s used in operating activities was $85,111,000 compared with $85,111,000 for the same period last year. Purchase of property, plant and equipment was $9,535,000 compared with $6,451,000 for the same period last year. Adjusted net loss after tax attributable to members was $68.8 million compared with $68.0 million for the same period last year. Adjusted EBITDA was $1.7 million compared with $18.7 million for the same period last year. Adjusted operating loss after tax for the half-year period ended 30 June 2015 (adding back the significant items) was $68.8 million compared to an adjusted operating loss after tax for the same period of 2014 of $68.0 million, an increase in loss of $0.8 million. NPAT and EBITDA both results driven by operating losses in Global Drilling Services SG&A and overhead expenses, as well as significant restructuring expenses, recapitalisation costs and impairment charges. The net debt of the company increased by $8.5 million or 1.6% to $556.1 million as at 30 June 2015. Unfavorable foreign currency movements, as the U.S. dollar has continued to strengthen, was the major driver for lower revenues in the first half of 2015 versus 2014. Absent the effect of exchange, revenues would have been down 1% versus this corresponding period in 2014. The company announced there were $11 million of investing activities and cash capital expenditures in the first half of 2015. For fiscal 2015, the company continues to expect volumes consistent with the previous outlooks in the first half of 2015. Pricing impacts from 2014 and currency impacts will also impact the second half of 2015.

Sunrise Resources plc Signs Contract with Boart Longyear for Drill Programme at Bay State Silver Project in Nevada, USA

Sunrise Resources plc announced that it has signed a contract with Boart Longyear for a drill programme at its Bay State Silver Project in Nevada, USA. The drill and drill crew will mobilise to site on 24th August for an immediate drill start, drill access roads and drill pads have already been constructed. As previously advised, the first phase of drilling is expected to comprise 3 holes at 150-200m spacing to test for mineralisation beneath existing workings on the Chihuahua Vein system and one of these holes will also test the area where bonanza silver grades were recently obtained from underground sampling. The Phase 1 drill programme comprises approximately 500m of diamond drilling and is expected to last about two weeks, with analytical results available within eight weeks, subject to satisfactory drill conditions and analytical laboratory turnaround times.

 

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