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2.3¢ bluglass limited

Ann: Appendix 4E and 2024 Annual Report, page-11

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zog

3,082 Posts.

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27/08/24

20:02

Post #: 75402204
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Originally posted by macssharesforfun: ↑

Agree Pete.

For me, the two key pieces of info from yesterday and today, justifying the sell down were as follows -

Jim's Interview on FNN.
* More problems with the FAB.
* "We have continued to encounter some equipment problems. We acquired an old fab. We have a great engineering team, really brought in a great equipment engineer who's helping us to shore up our equipment reliability and so forth. We will continue to invest in that kind of improvement"* Last years Annual Report also mentioned 'reliability problems' with the FAB as well.

Annual Report.
* "As BluGlass’ lasers are being tested in customer applications that are concurrently in development, these steps require more time than initially anticipated."
* "Material Business Risk" disclosure.

Yes, the revenue is up from last year (albeit not much of a challenge that one....) but if the FAB continues to encounter problems and customer testing is longer then naturally 'the road to profitability' is also going to be much longer.

Simples!!!!

GLTAH.

Expand

I guess these issues are the down side of getting a bargain for the FAB - I guess we have to hope that the skills of the team can get us through to when (or if) we can afford new/refurbished equipment

BLG Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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