They just need some time, next quarterly should show an improvement. Hannan chopped a heap of excess costs which are just starting to show through. The latest acquisition charge was the completion of the purchase of some of the portfolio companies which will increase revenue.
Not sure what the other working capital costs would've been. They did move offices to a cheaper location (the same address as IMPG - what a coincidence?) but I doubt that was it.
Apart from that, just need the digital to keep holding up. From what I've heard (and seen, I'm still in it in the UK) it's still going fairly well, I guess more people are staying at home and sitting on the Net which helps the industry.
BLU Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
