BSA Ltd – A Company Overview

My initial reaction to receiving BSA Ltd as my company of focus was a feeling of defeat. Who are BSA Ltd? What do they do? How am I going to find this remotely interesting if BSA turns out to be super boring? Nevertheless, I soldiered on, BSA was what I was given and I was determined to find something interesting about them. So, I downloaded 3 years’ worth of their Annual Reports, looked at them briefly and thought to myself “accounting is not for me, I have absolutely no idea what any of this means!” Cue minor meltdown and 2 days worth of avoidance. No more time for avoidance. I have spent nearly all of my Sunday researching BSA and reading their most recent Annual Report. Admittedly, I still don’t understand the Report as I have not read Chapter 3 of the Study Guide yet, but this is what I have discovered so far.

BSA is a comprehensive technical services contracting company in 25 locations Australia wide. Their Vision, according to their website, is to revolutionise asset implementation, operation and maintenance through the application of technical expertise, smart solutions and innovative client service.

BSA is divided into three business units: BSA|BUILD (formerly TDCP – Technical Design and Construction Projects), BSA|CONNECT (formerly TFFS – Technical Field Force Solutions) and BSA|MAINTAIN (formerly TMS – Technical Maintenance Services). The Business Unit name change is due to company consolidation and restructuring during the 2016 financial year. This consolidation and restructuring (amongst other things) lead to a $38.1 million revenue loss for the 2016 financial year.

BSA|BUILD – YOUR TRUSTED DESIGN & CONSTRUCT PARTNER FOR HVAC & FIRE SOLUTIONS

BSA|BUILD is an innovative and solution driven building services supplier to all sectors of the construction industry. They specialise in the use of 3D BIM (Building Information Modelling). BIM uses 3D real time building modelling software to assist in the design and construction phases of projects. It helps with the  building geometry, spatial relationships and geographic information of a project and can be used for material ordering, costing estimates and material tracking. Some of BSA|BUILD’s projects include the BHP Corporate Head Office in Perth, the new Royal Adelaide Hospital in Adelaide (obviously) and the Fiona Stanley Hospital in Perth.

BSA|CONNECT – EXPERIENCED, CAPABLE & COMMITTED

BSA|CONNECT specialises in telecommunication networks and technologies. It is a national provider of strategic advice, design, implementation, operations and maintenance of these telecommunication networks. BSA|CONNECT recently won a five year contract with nbn to be their delivery partner in Brisbane, Melbourne and Sydney. BSA expects first year revenue from this contract to reach $50 million.

Article on BSA NBN contract win

Video of BSA nbn contract

BSA|MAINTAIN

BSA|MAINTAIN is a national technical services provider specialising in HVAC (Heating, Ventilation and Air Conditioning), Fire, Electrical, Plumbing and general repairs. Some of BSA|MAINTAIN’s projects include the Queensland Institute of Medical Research in Brisbane, the Olivia Newton-John Cancer & Wellness Centre in Victoria, Housing NSW and the Department of Defense in Victoria.

BSA|MAINTAIN developed the CPU II Pressurisation Unit which eliminates dust from areas such as labs and clean rooms. CPU II Pressurisation Units are widely used throughout Western Australia in the resource mining industry. They also developed a software suite called SECURE. SECURE has many features including asset level reporting, serialisation and barcode scanning, viewing of data and work order status and the instant communication of faults.

BSA FINANCIAL POSITION

The current share price is $0.38.

The 2016 financial year was not a good one for BSA. They recorded at revenue loss of about $38 million. From what I can find at the moment this was due to restructure costs and legal cost in regards to legal issues with the new Royal Adelaide Hospital and the NSW Office of State Revenue (payroll tax issue). But this only accounts for $18.6 million. What happened to the rest?  Will I be able to find out through closer scrutiny of the Annual Reports? Stay tuned to find out…..

T-minus 4 days.

Hi all,

So there is 4 days until Week 1 starts and I am plagued with negative thoughts. Thoughts like; Will I be able to handle the study load? Have I set myself up for failure? Is full-time study something I really want to do? I have come to realise that the answers to these questions are all, theoretically, about my mindset. I know if I believe I can do it then I will be able to do it!

I have read the Introduction at least 4 times over, just to make completely sure I understood everything. That may have been slight overkill as I’m fairly sure I understood everything by the 3rd read through. I have been on Peerwise every few days just to test myself. I only got a few questions wrong which of course made me go and re-read that section.

I am only now starting Chapter 1 of the Study Guide and although I feel like I am slightly behind I know I will be ok. I have faith that I am doing the best I can and in the end that’s all that really matters right?!

On a non-unit note this is my puppy, Nitro

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My First Ever Blog Posting

Hi all and welcome to my first ever blog posting.

I’m very new to this so bear with me as I work out the kinks.

So let’s get to the reason why I started a blog. Essentially it is because I had to for my Accounting unit at CQU. I was very concerned about doing this unit as I am seriously (slight exaggeration) lacking Maths skills but I have recently found out that this unit is not all about Maths. Thank goodness!

Ok, so here is a little bit of information about me:

I am studying a Bachelor of Business and a Bachelor of Arts (this is my first term)

I haven’t studied since I finished high school in 2004 (13 years! OMG!)

I live in a southern suburb of Perth, approx about a 45 minute drive from the CBD of Perth.

I currently live with my husband, our puppy Nitro, my mother-in-law and her dog Bindi.

We are all moving back to Queensland in November. 

Alright I think that is about all I have to say at the moment. I am really looking forward to starting Uni. Well I’m actually a combination of excited and scared half to death!