BLV 0.00% 1.6¢ blossomvale holdings ltd

I agree of course the value of the company is what matters, the...

  1. 217 Posts.
    I agree of course the value of the company is what matters, the share price determines the value of the company, when you say it's currently worth $32mill, well that gets me abit worried, the offshore and bluewater industries are very cut throat, look at Mermaid Marine, it's the biggest offshore supplier on the NW Shelf and that company is worth less than 40 million, it has over 40 mill worth of saleable assets yet it is only making $500,000 in last 6 months, all the labour is on a casual basis, there is no wasted work hours, the job finishes the men go home, they have their own facilities including dry dock etc and they are struggling, believe me I hope to god NMS goes through the roof, I am just abit more cautious, I hold(probably too many)
 
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Currently unlisted public company.

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