Brierley (BYL)
I've made 87% on this stock over the last year, and it's yield is over 10%. So you know that it is disliked! Brierley is usually labeled a 'Mining Services' stock, but this is only half right. 50% of its income comes from Land development in the Darwin area (growth area) and roads and infrastructure in WA.
Yesterday, that piece of **** Abbott gave $500m to his LNP mate (WA premier) to shore him up, and shore himself up as a failed Minister for Infrastructure. The good news is that BYL regularly gets a share of WA roads and infrastructure spending, and some of that $500 will go into BYL.
For three years, it's has been priced for failure, but each time its earnings stay around 8 or 9 cents pa. Its cash flow is even better.
What failure? After 2 plus years, it won a $300m contract with Rio. From amongst miners, that's got to be the best place to win a contract (lowest cost iron ore producer). On top, it has won further contracts in roads and airport developments. With the WA govt's $500m windfall, this is good news for BYL, who are already fully contracted, and looking at their best year so far.
Current price: 38c. Net Tangible Asset, approx 50 cents. Show me something better.
I've made 87% on this stock over the last year, and it's yield is over 10%. So you know that it is disliked! Brierley is usually labeled a 'Mining Services' stock, but this is only half right. 50% of its income comes from Land development in the Darwin area (growth area) and roads and infrastructure in WA.
Yesterday, that piece of **** Abbott gave $500m to his LNP mate (WA premier) to shore him up, and shore himself up as a failed Minister for Infrastructure. The good news is that BYL regularly gets a share of WA roads and infrastructure spending, and some of that $500 will go into BYL.
For three years, it's has been priced for failure, but each time its earnings stay around 8 or 9 cents pa. Its cash flow is even better.
What failure? After 2 plus years, it won a $300m contract with Rio. From amongst miners, that's got to be the best place to win a contract (lowest cost iron ore producer). On top, it has won further contracts in roads and airport developments. With the WA govt's $500m windfall, this is good news for BYL, who are already fully contracted, and looking at their best year so far.
Current price: 38c. Net Tangible Asset, approx 50 cents. Show me something better.
