Could any one please post some feedback on BYL?
It has been recently floated with a bang. Current market cap 129,800,000 The 6 months report published yesterday. Share price has returned to issue price. Under current market, with blue chip clientele like FMG and others - why it is a lame duck? Any bad, speculative or good news on this scrip?
Business Summary (reported by Bell in its website and see the announcement attached)
Brierty civil construction in Western Australia. It managed and delivered civil
construction projects for clients in transportation, mining and urban
development industries for over 25 years. Its operations centre is based in
Maddington, Western Australia, and employs approximately 400 people.
Brierty specialises in pavements for large infrastructure projects including
highways and roads, airports, car parks and pathways. It also undertakes a
wide range of civil infrastructure projects for mining including stripping
overburden, plant site works, haul roads, tailing dams and other storage
facilities. Brierty has completed selective ore and waste mining and will target
further work in the mining sector.
Briertys strong relationships with blue chip clients will enable it to capitalise
on favourable market conditions. Brierty's mining and major infrastructure
divisions are expected to continue to benefit from major iron ore expansion
plans announced by key clients including BHP Billiton and Fortescue Metals
Group. The urban development and roads divisions is expected to benefit
from Western Australias future population growth and the Federal
Governments continued commitment to the AusLink roads program.