BLU 11.1% 0.8¢ blue energy limited.

came close to going back in

  1. 217 Posts.
    I was a wink away from buying back in ... quick look at the books and I'm no expert, but theres a problem from what I see ... (or opportunity depending on your view)

    NET ASSETS = $56M (from half yearly accs)

    But if you look up at the GOODWILL line ... $96M

    I think these guys are near the bottom, but looks like a bit of janitorial work is required on the balance sheet - MARKET CAP is ~$20M ... something's gotta change.

    If they take it on the chin, which I think they will, could be good opportunity when the dust starts to clear.

    Not owning 100% of the entities may make clearing things up difficult.


 
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Last trade - 12.51pm 15/11/2024 (20 minute delay) ?
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