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BLA, BLUE SKY ALTERNATIVE INVESTMENTS LIMITED
blacksheep
post Posted: Jun 22 2018, 12:15 PM
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In Reply To: Mags's post @ Jun 22 2018, 08:56 AM

Agreed - I have no involvement with this share either but it serves as a good example to not follow blindly analysts/brokers/media and those celebrity type investors/insto's.

The latest stock under scrutiny is CCP, which returned to trading this morning after responding to the assertions made by Checkmate Research. It's SP is down almost 22%. Makes one wonder what else is out there



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
Mags
post Posted: Jun 22 2018, 08:56 AM
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What a shocker this has been: I was never involved.

But I see/hear commentary running around, that this 'kind' of behaviour (massively overstating off market asset values) in lurking throughout the Superannuation industry.

YIKES!


Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Jun 20 2018, 10:33 PM
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In Reply To: blacksheep's post @ Jun 18 2018, 01:46 PM

Too late for its clients, Morgans sees the light on Blue Sky
QUOTE
Who said things couldn't get any worse for Blue Sky Alternative Investments?! On Monday, house broker Morgans put the stock "under review" citing risks "around asset impairments, project delivery, cash flow deterioration and potential litigation". Morgans analyst Scott "Scooter" Murdoch advised clients that Blue Sky "should be considered high-risk." This comes two months after Scooter downgraded his target price from $14.85 to $5.55 and warned it would "wait for the dust to settle".


QUOTE
Meanwhile, Canaccord Genuity hasn't said a word about Blue Sky since its last research of March 8, which upgraded the stock to a "buy" and slapped a $13.60 price target on it.


https://www.afr.com/brand/rear-window/too-l...20180619-h11k1a

You gotta love those brokers/analysts biggrin.gif SP finished today @ $1.49
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
blacksheep
post Posted: Jun 18 2018, 01:46 PM
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In Reply To: blacksheep's post @ Jun 13 2018, 07:57 PM

More bad news - Blue Sky unable to push ahead with Lochiel station purchase on Queensland-NSW border

QUOTE
In March Blue Sky raised $100 million for co-investments in funds such as its agricultural and water funds for which the Lochiel property was to be included.

https://www.afr.com/real-estate/blue-sky-un...20180615-h11f2h


Meanwhile ex CEO Shand is moving into bigger digs - according to AFR

QUOTE
With Blue Sky shares down 89 per cent, Rob Shand splurges on new manor


QUOTE
Fair dinkum, this is like the sequel to Fun with Dick and Jane, except where Jack McAllister sold his Globodyne stock and went duck shooting, Shandy cashed out and rides around his manor on show ponies. It's a dead set disgrace.

https://www.afr.com/brand/rear-window/with-...20180617-h11hfi

SP down 3.61% currently @ $1.60 - little wonder
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jun 13 2018, 07:57 PM
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In Reply To: blacksheep's post @ Jun 12 2018, 08:19 PM

Troubled Blue Sky private equity fund breached lending limit
by Jonathan Shapiro Vesna Poljak
QUOTE
Blue Sky Alternative Investments has told unit holders of one of its private equity funds that it breached prescribed lending limits after the listed manager extended financing to prop-up poorly performing assets

https://www.afr.com/business/troubled-blue-...20180613-h11c4p
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 12 2018, 08:19 PM
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In Reply To: blacksheep's post @ Jun 12 2018, 01:14 PM

QUOTE
Market responds accordingly - down 10% @ $2.00 currently


Ended the day down 21.21% - now $1.765

What surprises me is that people did not see this coming and continued to hold
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jun 12 2018, 01:14 PM
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Not much cash left over from the March $100 million capital raise - Forecast net cash position of $32.3 million at 30 June 2018.

Market responds accordingly - down 10% @ $2.00 currently

Blue Sky announces business review outcomes
QUOTE
12 June 2018
Summary
• Comprehensive review of Blue Sky business and balance sheet substantially completed.
• Completion of phase two (of three) of the independent review of asset valuations with the
remainder expected to be completed by 30 June 2018.
• Continuing focus on three core businesses: Private Equity; Private Real Estate and Real Assets.
• Closure of domestic hedge fund business as previously announced and progressive exit from
property management rights and regional real estate development.
• Decision to terminate three retirement living projects following recent changes to planning
regulations and one student accommodation project. One other student accommodation project
deferred and one under strategic review.
• Fee-Earning Assets Under Management (‘FEAUM’) of $3.4 billion as at 31 May 2018, on a
consistent basis with prior disclosure, adjusted for decisions made to terminate retirement living
and student accommodation projects referred to above. New capital deployed on behalf of
institutional mandates in real assets and three new private equity funds launched.
• Initial $3.8 million of cost reduction initiatives implemented and path confirmed to align Blue Sky’s
fixed cost base with recurring management fees.
• Estimated, unaudited, $59.4 million negative impact on FY18 NPAT:
o ($6.8 million) phase one valuation adjustments (announced 15 May 2018) and $0.7M
phase two valuation adjustments (given the assets involved, no material impact is
expected from final tranche of valuations);
o ($16.4 million) revaluation of the Blue Sky management platforms in Australian student
accommodation and retirement living;
o ($21.5 million) in balance sheet write-downs including impairments of loans, balance
sheet investments and recording of other specific provisions associated with legacy
investments in Australian residential developments and private equity funds;
o ($11.4 million) in net costs associated with terminating, deferral and/or review of
Australian retirement living and student accommodation projects; and
o ($4.0 million) due to the restructure and associated costs expected to be incurred in
FY18.
• Forecast net cash position of $32.3 million at 30 June 2018.
• Pro-forma Net Tangible Assets (‘NTA') of $160.0 million at 30 June 2018 incorporating a $13.8
million expected impact from the adoption of AASB 15. This represents a pro-forma NTA per
share of $2.06.
• The Blue Sky Alternatives Access Fund May pre-tax NTA of $1.13 per share confirmed today,
an increase of 2.0% since 30 April 2018.
• Key appointment of Independent Chair of AFSL holder and trustee company Blue Sky Private
Equity Limited and confirmation of external searches for a permanent Managing Director, Non
Executive Directors and a Chief Risk Officer.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 29 2018, 01:01 PM
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In Reply To: Mags's post @ May 29 2018, 12:50 PM

QUOTE
It's not worth following


The only reason I follow, and post info here, is for future "would be investors" - they have a record of events wink.gif

On stock forums many believe only "good news stories" should be posted sad.gif I like a more balanced approach



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
Mags
post Posted: May 29 2018, 12:50 PM
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In Reply To: blacksheep's post @ May 29 2018, 11:59 AM

I don't have access to her twitter... but it seems I don't really need to... It's not worth following smile.gif


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blacksheep
post Posted: May 29 2018, 11:59 AM
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In Reply To: blacksheep's post @ May 28 2018, 09:38 PM

AFR's Rear Window Joe Aston's view of BLA also doesn't appear to have changed
For Blue Sky, plausibility remains illusive
QUOTE
So Blue Sky Alternative Investments is back in the market raising another US$17 million of venture capital on a promise of a 40 per cent internal rate of return. Hey, why not 60 per cent? It's just a magic number. Frankly, anyone left on Blue Sky's mailing list deserves whatever their savings get

https://www.afr.com/brand/rear-window/for-b...20180528-h10ni2
https://www.shortman.com.au/stock?q=bla
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Mags  
 
 


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