Last year's main audit found the funds to be above carrying value.
The vintage of funds shows fund turnover/realisations, with average return on realisations high in the last 5 years.
As with most fund managers some investments have gone bad, Blue Sky has turned around several under-performing investments into winners.
Most startups loose money, this is not the case with the vast majority of Blue Sky's venture capital investments.
Some investments were cancelled when their external business environment changed, to protect fund investors' interests Blue Sky took a loss themselves to repay investors.
The water funds are so profitable BAF's portion is being chased by another firm whilst their is only a disciplined availability of the funds.
Numerous institutional investors have invested in, remained in and continue to invest in the funds.
There is risk in all investments especially houses. I do not recommend anyone buy or not buy anything. Diversify Diversify Diversify (something that Blue Sky wanted to do for sophisticated investors but feedback said no).
BLA Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
