Ann: Market Update, page-77

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arpanp

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19/04/18

09:25

Post #: 32546416
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Originally posted by wonchoy ↑

The $35m in management fees are not received in cash until the asset has been sold. These are accrued as income and booked to "non-current" receivables. If you examine the BLA business model they rely upfront fees and capital raisings to fund their operating expenses until they receive the accrued management fees on the exit of the investment.

Eg "Blue Sky is "relatively reliant on raising new capital to support the current operating costs"

I would have thought that disclosing their current cash holdings and the rate of cash burn would be price sensitive information.

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Obviously as fund manager they have to keep rising new money to increase AUM to get more fees. But my point is they have asset and also cash about $150K so they have option and I believe they can still be in business for at least 10 years without rising any new fund..

BLA Price at posting: $3.65 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Market Update, page-77

Top Stories

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