These guys at Blue Sky Alternative Investments just keep taking capital market comedy to new heights!

Just after its shares began trading on Monday morning, the besieged company announced a downgrade both in forecast assets under management at June 30 (from as high as $4.75 billion to as low as $4 billion – still vastly higher than the $1.5 billion Glaucus argues the AUM balance really is) and of (underlying) FY18 net profit from between $34 million and $36 million to between $20 million and $25 million. Note the qualification "underlying", which means Blue Sky can reach the figure by excluding all sorts of "extraordinary" or "non-recurring" costs.