BLY - Boart Longyear Group

[UMike]

Before closing date:
- can I make a second application although the first is now done? (Yes - same entitlement number)

Are you sure about this. I am pretty certain that only one maximum parcel can be applied for. I am reading the "Share Purchase Plan - Despatch of Documents" as I type.

I didn't read this thread until just now.
A few folk had queries they were concerned with. FYI in future:

At the top of your SPP Application Form... right hand side (addresses etc) is their phone number: 1800 781 633.

You could have called them (BLY) any time for information:

Reply #147 gave the same sage advice.

If you do have any query phone the responsible entity. Advice from a forum may lead you up the wrong path, even top forums

 

[Doris]

Are you sure about this. I am pretty certain that only one maximum parcel can be applied for. I am reading the "Share Purchase Plan - Despatch of Documents" as I type.

Reply #147 gave the same sage advice.

If you do have any query phone the responsible entity. Advice from a forum may lead you up the wrong path, even top forums

Did you mean 'only one parcel'?

This is why I phoned them to ensure 2 parcels below the maximum $15k was feasible.

You could have bought $5k one week and $10k the next...
But the total maximum you could apply for was $15k

I applied for $5k on Wednesday and then decided on Thursday that I wanted to apply for another $5k.
The girl said this was fine, just use the same entitlement number. Worked out!

I read posts "asking for info" but didn't see the one that referred to the 1300 number on the application form. The plethora of offers coming in the mail each day are so repetitive, setting you up for when the actual forms arrive and can get down to business.
ciao

 

[gooner]

Just got my money back from the scaleback of the SPP - landed in my bank account in the last few hours. Pretty quick and much better than archaic GMG who sent me a cheque

 

[skyQuake]

Just got my money back from the scaleback of the SPP - landed in my bank account in the last few hours. Pretty quick and much better than archaic GMG who sent me a cheque

Was this because you updated your details on computershare? The cheque in mail is really annoying and slow.

 

[gooner]

Was this because you updated your details on computershare? The cheque in mail is really annoying and slow.

Yes, I gave BLY my account details for automatic crediting of dividends. But they also sent the SPP refund money to the same account. Agree cheques are a pain.

 

[fureien]

how much did it get scaled back. i ended up not applying because IB got rejected because they are american based. That was so weird

 

[gooner]

how much did it get scaled back. i ended up not applying because IB got rejected because they are american based. That was so weird

I got just under $10k worth after applying for $15k worth. So scaleback was about one-third. Did not matter in the end as have traded at 27cents this week anyway which was offer price

 

[kkyyoo]

Hi

I haven't follow this stock for a while since the recession, can anyone summarised how many capital raising that they have done eversince? (Including @ what price and how many units were issued)

thank you

 

[fureien]

I got just under $10k worth after applying for $15k worth. So scaleback was about one-third. Did not matter in the end as have traded at 27cents this week anyway which was offer price

lol yeh very true. i missed out though, if i saw the big squeeze coming at the end of last week, i wouldve bought at 27 as well. but got a bit scared off by it hit 27 so damn fast.

 

[ricee007]

So, does anyone have any thoughts on BLY long-term? Would it be fair to say BLY is leveraged to economic recovery? Do you expect BLY to be worth dollars in 3 years time? DO you expect BLY to never recover? Do expect dividends next year? 2012?

 

[Donga]

So, does anyone have any thoughts on BLY long-term? Would it be fair to say BLY is leveraged to economic recovery? Do you expect BLY to be worth dollars in 3 years time? DO you expect BLY to never recover? Do expect dividends next year? 2012?

Yes, yes, expect over $1 in three years time, believe BLY is well on the road to recovery. Not sure about dividends next year and 2012 in the bag as long as no catastrophic global events that lead to stagnation in global economy and demand for more resource activity.

IMO BLY has strong LT fundamentals assuming it is well managed and DYOR.

 

[Albi]

Hi,
Bly is now .40 cent. Is there any chance that it will go upside or not. There is no posting since a long time. I saw the recommandations on comsec, one for strong buy and one for moderate buy. Is it wise to hold it for next 6 months or betterr to come out.
Thanks in advance fo your opinions

 

[Barndat]

Hi,
Bly is now .40 cent. Is there any chance that it will go upside or not. There is Is it wise to hold it for next 6 months or betterr to come out.

I don't know if it is wise to hold it or get out..... no-one does. The stock is moving up with good Vol so I will stay with it until it starts moving down with good Vol. Better to get out on the way down than get out too early on the way up..

Cheers

Peter

 

[Albi]

I don't know if it is wise to hold it or get out..... no-one does. The stock is moving up with good Vol so I will stay with it until it starts moving down with good Vol. Better to get out on the way down than get out too early on the way up..

Cheers

Peter

Thanks Peter. I am thinking, though i believe that it will go upward, but was a little bit nervous as I had bad experience with BBI and ELD. I am still holding ELD. Keeping a close eye on movement.

Thanks once again.
ALbi

 

[Albi]

Hi BLY Holders
Where r you? There is no posting. It is going downward. There is no news except full years results announcement. Bly is now in better position than few months back. But things are not moving in that direction.

 

[iain]

Im new to this site, and to shares and investing altogether... I have recently just bought shares in BLY and am curious to see what people's thoughts are (if any) as to the current shape of BLY and what the future may look like

 

[takeprofits]

I looked at BLY a while back. Didn't like the ROE, high debt and capial raising to pay down debt.

Went with ASL instead, and have been very happy with their performance.

Having said that, BLY should benefit from the increased activity in the resources sector.

 

[UMike]

Whats up with BLY.

Every time I go for a Price/info I get this quote:

We're sorry, your request cannot be processed

The security you have entered does not appear to be listed with the ASX. Please check that you have entered the correct code.

Yer reckon it might be just a glitch?

 

[zacaxel1975]

Whats up with BLY.

Every time I go for a Price/info I get this quote:

Yer reckon it might be just a glitch?

Hope so, I get the same error on Commsec and the ASX site. When you search BLY is there, but wont return any info.

 

[bluey]

Trading now as BLYDA.ax - and the SP is now ~$3.40...

Does anyone know what impact this will have on current shareholdings??