METS

Change of guidance ignites market reaction

INVESTORS abandoned Boart Longyear today despite a solid first half with revenue of $A1 billion, up 15% on the corresponding period in 2011 and a 33% increase in interim dividend to US6.4c.

Ron Berryman

Change of guidance ignites market reaction

However, doubts were sown in the mind of investors with a revised 2012 full-year guidance for revenue and earnings before interest, taxation, depreciation and amortisation (EBITDA). The share price...

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