The next big test for the share price will apparently be in the next week or so - if you believe the Australian.
https://www.theaustralian.com.au/bu...m/news-story/6598d3ce17ea18865afac73de25fe035
The short version is that KPMG have basically finished the valuation review and Blue Sky are preparing for a "major" announcement in the next week. With speculation being that a number of investments are on the chopping block.
My guess is that this will reveal more of the investments have been systemically over valued and provide further hit to the accrued performance fees. This will hit between $1.50 & $2 thereafter....
Without seeing the outcome of the report, you would have to think the advisers are telling them to get infront of the bad news and take ownership ASAP. If they do, the next report will provide an un-audited estimate of FY18, which in my guess has to be a loss of.... hmmmmm...... $10mil....
Watch this space...
