Hartleys Research is sticking with a “buy" on Brierty Ltd (BYL) with profit reported in line with expectations. It has a 12-month price target of 63¢ on the stock.

“We believe that there is a lifecycle to mining service companies. The best time to invest is when management is motivated, the order book is full, revenue expectations are less than $500 million, the business is capable of winning $50 million to $100 million per annum contracts and margins are acceptable.