16 Jul 19: Previously constrained by cash constraints.  Now with the sale of the Bakehouse Quarter, they have cash to act on opportunities. "We expect that with the increased cash will, over time, significantly grow the fees earned by BlackWall Asset Management, the WOTSO network and in turn the WOTSO Turnover it generates" (from 2H 19 report).

16 Jul 19: Opening up new WOTSO locations within Westifields which appears to be highly successful (Westfield Chermside QLD & Woden ACT)

WOTSO creates flexible work environmnets.  KPI is the number of desks which has been growing strongly. 

Director buying and large holdings e.g

4 Sep 18: Tedder +191,707 shares for $173,465 (holding 9.22m shares).

Down turn in the world/Australian economy leading to a decrease in utilisation and profitability of WOTSO.

Use BWF cash ($10m @ 10 May 19) to assist in the continued rollout of WOTSO growing flexible workspae business

BlackWall Asset Management earns fee income from management of listed and unlisted property investment structures, the largest being BWR

Agreement with Yuhu Group (to whom they sold the Bakehouse Quarter in Apr 19) to grow its WOTSO operation to 11,000 sqm making it one of Australia's largest collaborative workspaces.

Cash: $10m (10 May 19)

Investment: BWR $17m (10 May 19)

Shares: 63m

Market Cap @ $0.855 = $56m

10 May 19: BWF has $10m cash and $17m investment in BWR. 

BlackWall Asset Management earns fee income from the management of listed and unlisted property investment structures, the largest being BWR.

18 Apr 19: Bakehouse Quarter sale settled for $380m.