BLV 0.00% 1.6¢ blossomvale holdings ltd

IMO the problem is that they bought long term assets with short...

  1. 689 Posts.
    IMO the problem is that they bought long term assets with short term funding arrangements. This was no secret but most of us fell for the spin (ie plently of work in the pipeline which will fuel and sustain growth bla, bla) and are still in.
    The BHP contract is a tease (less than 5% of a years turnover) and a couple more are needed.Even then it might be to late to turn sentiment around.
    But at the end of the day if the CR goes through it will be all about the new holders and they will not give a stuff about the oldies.
 
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