Boart Longyear Limited

( ASX:BLY ) - Capital Goods


Analyst Views

BLY – CIMB rates the stock as Underperform

CIMB has retained its Underperform rating warning investors it sees further weakness ahead, even though there may be a bounce occurring this week as the company is likely to confirm it has successfully raised US$300m at a high interest cost. If confirmed, CIMB will cut estimated earnings for FY14 by no less than 21% to incorporate the high cost.

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