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BLA, BLUE SKY ALTERNATIVE INVESTMENTS LIMITED
nipper
post Posted: Feb 20 2018, 02:57 PM
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Shares in Blue Sky Alternative Investments jumped after the country's only listed alternative asset manager issued bullish guidance for a surge in funds under management, driven by rising demand from institutional investors.

The Brisbane-based asset manager posted a net profit of $9.8 million for the six months ending in December, down 5 per cent on the previous corresponding period, on a 4 per cent lift in revenue to $43.3m.

Underlying profit, which the company regards as a more meaningful measure of performance, rose 59 per cent to $16.1m, with underlying revenue up 41 per cent to $51.4m.

Fee-earning assets under management rose from $3.25 billion to $3.9bn, with chief executive Robert Shand telling The Australian the growth was broad-based and driven by large institutional investors.

"We've got 16 institutional investors that invest with us; they now make up 40 per cent of our total assets under management," he said. "We've got some really blue-chip groups — the likes of First State Super, Goldman Sachs and Canada's PSP Investments. So we've had really strong growth ... but at the same time we've seen very strong growth in the core of our business, sophisticated high-net-worth investors and family offices."

This surge in demand has led Blue Sky to lift its projections for assets under management, with it now forecasting assets under management of between $5.5bn and $6bn by June 30 next year. In 2012 Blue Sky had just $300m in AUM, while this time last year it had reached $2.7bn. The fund aims to reach $10bn in AUM.

"It's a $600bn-dollar industry and we're trying to get $10bn of that. So there's enormous scope for our business to grow," Mr Shand said. "The funds we manage — funds in sectors like food and water, education, healthcare and retirement — these are very well underpinned sectors that I think have strong drivers over the long term."

The past 20 years have seen a big rise in allocations to alternatives globally. In the local market alternatives are forecast to be the largest market segment in the next decade, overtaking Australian equities, he noted.
Blue Sky has generated investor returns of 15 per cent a year since inception, after fees.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 21 2017, 10:04 AM
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A tie-in with a Canadian pension fund has helped BLA higher. There should be a wider opportunity set available - challenge was always finding new investments.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 26 2017, 02:52 PM
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BLA neared $14 today. Interview with CEO:

https://www.livewiremarkets.com/wires/rob-s...ted-at-blue-sky

also their listed fund BAF doing a 1:4 rights at $1.14 .... agriculture and PE the likely home






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 3 2017, 09:24 AM
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The long term outlook for our business is easy to articulate: we are building the leading diversified alternative asset manager in Australia, offering investors access to compelling investment opportunities across the four major alternative asset classes: Private Equity, Private Real Estate, Real Assets and Hedge Funds.

We have built a scalable platform with significant momentum, and are on track to meet or exceed our goal of $5 billion in fee-earning AUM by the end of FY19. We are also on track to deliver our longer term target of growing our existing four asset classes to $10 billion in fee-earning AUM.

- SP to record high above $11.50 as more understand the story. Also, not too many sellers



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 27 2017, 09:58 PM
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Blue Sky Venture Capital has led a $10 million bet that a chain of gluten-free restaurants can translate its brand into home-delivered ready meals and an online "body transformation" program.

Thr1ve, which has 10 company-owned outlets along the eastern seaboard selling low-carbohydrate, gluten-free meals, will use the money to build an ecommerce platform linking the restaurant brand–- which has been established since 2012 – with its ready meals delivery service, a fresh meals delivery service launching next month with Deliveroo, and an exercise and diet program designed by founder and chief executive Josh Sparks.

"I want Thr1ve to be a true omnichannel brand, not what usually passes for omnichannel in Australia, which is a store with a website bolted on or an e-tailer doing a pre-Christmas pop-up," said Mr Sparks, a Queenslander who now lives on Sydney's northern beaches.

The former sass & bide chief executive had been more focused on store growth when he raised $2.5 million in 2015, in a round also led by Blue Sky Venture Capital (that had followed a seed investment)
deliveries growing twice as fast as stores, also selling via some Woolworths Metro stores



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 27 2017, 02:37 PM
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Blue Sky Alternative Investments Limited (BLA) is the holding company of four dedicated alternative investment fund styles in Australia. The investment offers across four alternative asset classes: private equity and venture capital, private real estate, hedge funds, and real assets.

- and, officially a 10 bagger. For those other forms of baggers out there, it seems to me that as long as management can handle its balance sheet well, and maintain a margin, or IRR, then FUM/ AUM increasing -> dividends increasing ... and run-up in SP.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Jul 15 2017, 08:43 AM
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The Alternatives Fund is pleased to report a pre-tax NTA increase .. of 3.5% for the month, and a total pre-tax fund performance of 10.3% for FY17.

This movement was primarily driven by gains on a number of the Alternatives Fund's investments across all asset classes following independent valuation reviews in June.

The Alternatives Fund also received the proceeds from a number of realisations during the month and accrued several regular quarterly distributions which had been declared by the underlying funds
. from BAF's Monthly update; as for the satellite, so for the mothership.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 14 2017, 08:50 AM
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I'll be looking at BAF today, when they post the monthly NTA. ... as LIC's have to. There should be quite a few reval's of assets, being EoFY. And as there's quite a bit of common ownership (BAF has right but not obligation to take up equity in some of the BLA projects), this should point to any asset base uplift.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Mags
post Posted: Jul 13 2017, 11:35 PM
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In Reply To: goldy's post @ Jul 13 2017, 07:15 PM

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In what part of the BLA model do you find repulsive? I didn't see any actual figures of debt in the report, just an unfounded generalisation.


That was six months ago, so I don't recall the specifics, but I remember the debt levels on a couple of their holdings/investments were way beyond what I feel comfortable with.

My POV is, with all this low interest rate muck going on, it's mostly a game of bluff, see who can borrow the most, gain the most, but sell just before the inevitable.

I'm comfortable watching how these highly leveraged plays roll out.

 
goldy
post Posted: Jul 13 2017, 07:15 PM
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In Reply To: Mags's post @ Dec 30 2016, 10:04 AM

In what part of the BLA model do you find repulsive? I didn't see any actual figures of debt in the report, just an unfounded generalisation.

 
 


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