BLA 0.00% 18.5¢ blue sky alternative investments limited

Ann: Blue Sky H1 FY19 Results Update, page-81

  1. 456 Posts.
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    Share price should stabilize around 60 to 70 cents, you might get a bump back up to 90cents, but I doubt it would stay there. They are still burning cash too fast and it doesn't appear that they have done anything material about it. New CEO starts next month and he will want to take a few months to get the lay of the land before making big ticket material changes - so my guess is that we will have one more bad half year and then if they can get this back up and running, maybe float back up to a stable $1.

    This is my personal opinion - do your own research...
 
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