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BLY - Boart Longyear Group

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Yay.... This makes me an instant Millionare.
 

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My first ten bagger!

Yayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!
 
Some meaningful content would be nice you two. Any more padding out of posts in this thread will result in infractions.

Please try and add some value to the thread. It's not that hard.
 
A casual reader of this thread may not be aware that BLY shares have undergone a ten for one consolidation.

Doesn't add any value but a shareprice of $3.40 looks rather better than one of 34c!

 
In seriousness though, I follow BLY fairly closely and hadn't heard anything about an upcoming share consolidation. Did anyone see this announced?
 
Ferret said:
In seriousness though, I follow BLY fairly closely and hadn't heard anything about an upcoming share consolidation. Did anyone see this announced?
Click to expand...

It was resolution number 5 in the AGM. Check the release via the below link. Hard to credit that it went through without any dedicated announcements at all.

Personally i support it however a bit more attention from the PR department would have been nice.

http://www.asx.com.au/asxpdf/20100409/pdf/31ppt25vq9s9f2.pdf

ps. announcement just came out.
 
I hold some BLY shares myself and am happy for the consolidation of shares. My commsec account shows that i have shares in BLY but the value is $0. I realise the code has changed but do i need to do anything to change over the shares or does it automatically do it?
 
I did realise that the consolidation was to occur however I had no idea that the ASX code would be rendered invalid.

On further reading....

iain it appears that the BLY code will be reinstated on the 20th of MAY. (hope I read this correctly)
I think that your broker will sort it all out. Any other Qs and you'll have to join the que on the comsec help line
 
Yeah i own a parcel of BLY as well - but I don't remember receiving anything about the share consolidation - which is why it took me by surprise this morning...
 
I'm not planning on buying or selling over the next two weeks, but curious how you do that.

Like everyone else, my broker sponsored BLY holding shows up as invalid, but there is no BLYDA holding.

How are people selling BLYDA if they don't show as holding these?
 
Ferret said:
Like everyone else, my broker sponsored BLY holding shows up as invalid, but there is no BLYDA holding.

How are people selling BLYDA if they don't show as holding these?
Click to expand...

They phone their Broker.
If he's any good, he'll still accept their trade orders at Online rates.

I trade through PariTrade, and they even sent me an email early yesterday, explaining what had happened, and gave me a phone number to call if I wanted to sell - I didn't.
 
Showing a nice consistent run. 20 day moving average about to cross the 200. 1.4bil Market cap. New business likely after BP spill. $0.67 -> $3.21 in just over a year. No serious scares that i can see technically.

Anyone care to comment?
 
A symmetrical triangle forming on top of support at 3.18 with dropping Volume, that's good. Filled the gap down from May, might managed another leg up..
 
Barndat said:
A symmetrical triangle forming on top of support at 3.18 with dropping Volume, that's good. Filled the gap down from May, might managed another leg up..
Click to expand...

So far so good... IMO 'ABC' target of BLY's second leg up equals 3.60 Tukker...
 
Barndat said:
So far so good... IMO 'ABC' target of BLY's second leg up equals 3.60 Tukker...
Click to expand...


Looks like we had a good head start on this one Barndat.
I've sold out now, i believe its going to retrace to 3.60 to smooth out the speculators.

Looking to have a go at another gem with a similar set-up - NMS. have a look for yourself, i am liking the technical setup. They do similar work as bly but younger and more aggressive, just hired all the better players in the market to.

Good luck to BLY holders
 
BLY running very strongly this month. I can't see any reason not to keep holding for the time being.
 
Can anyone clarify the dividend situation on BLY?

Etrade website - in the yield column - gives nothing, but DPS for 2011 is quoted as 9.7c

With thanks.
 
Paid US 2.1c on 24 Oct 10. This was converted to 2.29c Aust for Australian holders. No dividend paid for the previous 6 months.
 
Ferret said:
Paid US 2.1c on 24 Oct 10. This was converted to 2.29c Aust for Australian holders. No dividend paid for the previous 6 months.
Click to expand...

WebIress has 2.23c (Aussie $) with 35% franking. Paid 14/10/2010
 
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