BLV 0.00% 1.6¢ blossomvale holdings ltd

I'm ok with hiring the new execs. Its people and control of the...

  1. 689 Posts.
    I'm ok with hiring the new execs. Its people and control of the business that make or break a company.
    What i do not like is financing long term assets with current liabilities, ie short term financing. This can come back to bite. For example the Nor Sea financing is shown as a current liability. See notes to last years accounts.
    The notes to this years accounts will show what other (if any) long term assets have been purchased in this way (i suspect ROV's).
    If it was not for this our liquidity ratios would be fantastic.
    It puts enormous pressure on the business if the boats are idle and makes the 'short term lenders' nervous.
 
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