Blue Star Capital Share Discussion Threads

[oakville] 06/11/2023 11:07

Guild about to be taken over by SKY according to some news platforms. What would that do to the BLU share price?

[jack jebb] 02/11/2023 05:19

Im not surprised. Its a barely functioning company, just sitting on 2 main shareholdings, neither of which have set the world alight.

The high hopes for Satoshipay have been gradually eroded to little hope, and Dynasty too, dont seem to have performed as we once expected and hoped for.

I've cut and moved on, but still watching with curiosity.

[10076968] 01/11/2023 11:19

This is death by a 1000 cuts at the moment!

[888icb] 24/10/2023 19:07

Let’s hope the tide has only just starting to come in and high tide is some way off. The best day for BLU for sometime number 5 on the Leaderboard Up 20.59% on volume of 102 million. A poster on lse highlight this:
“ The below is from the RNS dated 28th September 2022.

"Conclusions based on portfolio review

Based on the current carrying valuations of Dynasty, SatoshiPay, Sthaler and the market price of the quoted investments the portfolio has a current value of approximately £11.9million which is equivalent to an estimated NAV per share of approximately 0.24p.

For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. Accordingly, the Board intends to focus its attention and resources on supporting its two core investee companies and does not anticipate making any new investments for the foreseeable future.

In addition, the Board intend to manage the Company with a focus on funding the business, insofar as possible, through the sale of its existing non-core investments.

The Board will cut all non-essential costs and is proposing to put in place a share option scheme on a time and performance basis. The terms of the option scheme will reflect the Directors belief in the inherent value of the two main investments. Details of the scheme will be announced later this year and will cover a maximum percentage of 5 per cent, maximum life of 3 years and proposed exercise prices of at least 0.35p per share.

Long term strategy

The Board believes the two major investments have the potential to provide significant value for shareholders and the focus will therefore be on managing the Company to maximise the prospects of achieving a successful exit of these investments within the next two years. Assuming this can be achieved the Board intends to consult with shareholders to decide on the most appropriate course of action to ensure shareholder interests are best served."

[stoxx67] 24/10/2023 12:37

no, just being lifted by the "tide"

[888icb] 24/10/2023 07:47

This is interesting Up 17.6% on volume of 40 million. Are we about to get some news?

[jack jebb] 12/10/2023 03:07

Thats the glass half full view. The glass half empty is that they're being left behind and have been too b100dy slow in gaining traction.

[888icb] 11/10/2023 09:57

The above article just indicates that Satoshipay is in a rapidly developing new financial marketplace. I remember sometime ago Tony Fabrizi saying in his view Satoshipay would probably be bought by a large financial institution. Let’s hope that is one of the options they are currently pursuing.

[jack jebb] 11/10/2023 07:50

JPMorgan Uses Blockchain Settlement in BlackRock-Barclays Trade
Tech could speed transactions, see more efficient capital use
JPMorgan had tested its Tokenized Collateral Network in May
By Anna Irrera

(Bloomberg) -- JPMorgan Chase & Co. has gone live with its first collateral settlement for clients using blockchain, as the largest US bank by assets pushes ahead with commercial applications built on the technology at crypto’s core.
JPMorgan’s Tokenized Collateral Network, or TCN, was used by BlackRock Inc. to turn shares in one of its money market funds into digital tokens, which were then transferred to Barclays Plc as collateral for an over-the-counter derivatives trade between the two institutions, Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, said in an interview. 
It’s a rare instance of a blockchain app developed by a bank being commercialized, but volumes are still tiny compared with JPMorgan’s overall business. While Wall Street firms have spent about a decade testing ways to use blockchain to simplify some of their more complex processes, the paucity of applications in commercial use has prompted critics to question whether the technology has any real utility in finance.
According to JPMorgan’s Lobban, using the bank’s blockchain network Onyx Digital Assets, meant the collateral moved almost instantaneously, compared with over the course of a day. At scale, the technology would increase efficiency by freeing up locked capital so that it could be used as collateral in ongoing transactions, he said.
Through the application, the bank wants to eventually let clients use other assets as collateral, including equities and fixed income, according to Ed Bond, head of trading services at JPMorgan.
“Institutions on the network can use a wider scope of assets to meet any collateral requirements they have on the back of trading,” Bond said in an interview.
Transaction Pipeline
Now the application is live, the bank has a pipeline of other clients and transactions, he added. JPMorgan tested TCN using an internal transaction in May. 
Blockchain proponents say that using the technology will make it easier for financial institutions to use their shares in money-market funds as collateral because they won’t have to redeemed them for cash, as they currently do when using traditional processes. That would make the transactions faster and potentially reduce risks during times of market stress.
“Money market funds play an important role in providing liquidity to investors in times of high market volatility,” Tom McGrath, deputy global chief operating officer of the cash management group at Blackrock said in a statement. “The tokenization of money market fund shares as collateral in clearing and margining transactions would dramatically reduce the operational friction in meeting margin calls when segments of the market face acute margin pressures.”
JPMorgan also runs a system called JPM Coin, which enables wholesale clients to make dollar and euro-denominated payments through a blockchain network. The bank has used it to process around $300 billion from its launch until June this year. In addition, the company runs a blockchain-based repo application, and is exploring a digital deposit token to accelerate cross-border settlements.  
Many of JPMorgan’s biggest rivals are also pushing ahead with blockchain and digital-asset projects. 
Goldman Sachs Group Inc. unveiled its digital-asset platform in November, saying clients can use it to issue financial securities in the form of digital assets in areas such as real estate. The Wall Street firm, along with Banco Santander SA and Societe Generale SA, helped the European Investment Bank issue a digital bond last year using blockchain technology. Asset managers, such as Franklin Templeton, have also been experimenting with ways to process transactions for their funds using blockchain technology. 

[10076968] 09/10/2023 13:44

Probably sick of this stagnating. S##t!

[jack jebb] 09/10/2023 08:47

ill health? for 2 board meetings a year? really?

[doodlebug4] 03/10/2023 19:58

The much lauded second coming of Tony Fabrizi as BLU's saviour by some posters on here has proved to be high hopes of him delivering and failing yet again. Sad to say, he thought he could do a better job than his predecessor and where are we now. What a mess.

[davealders] 02/10/2023 15:17

Must say, it would be nice to hear something from him. An update regarding the investments is overdue. Think the only investment that is going to get this moving right now is a brilliant update from Dynasty. They're never keen to let anyone know what's going there.
Thanks

[doodlebug4] 02/10/2023 14:50

Perhaps Tony Fabrizi would like to answer that question - it's a question which has been asked many times on this thread over the last few years.

[jack jebb] 02/10/2023 13:00

Apart from hot air, do satoshipay actually produce anything/have any meaningful business?

[trentendboy] 01/10/2023 16:39

BIDs not good

[davealders] 29/9/2023 10:51

God almighty! Nobody willing to buy in bulk at these prices. This is bad.

[ragnarr] 18/9/2023 09:42

Its been very quiet here for a while, but with PEN token up 84% in the last month, AMPE listing on zenlink and Nabla set to launch very soon, Thought this article might be of interest to somehttps://revelointel.substack.com/p/what-you-need-to-know-about-nabla

[rmart] 15/9/2023 15:14

🥁🔉 GM Pendulum People!

The AMPE token's debut on the Zenlink DEX marks another milestone for the Pendulum & Amplitude ecosystem. Meanwhile, it's a bustling event season for Pendulum. With our team showcasing globally, let's delve into the updates!

AMPE on Zenlink

Following Amplitude's governance decision, the 3-day community LBP (Liquidity Bootstrapping Program) was completed, and Zenlink has now become AMPE's first trading platform.

Anyone can permissionlessly add liquidity to the AMPE/KSM pair on Zenlink and earn rewards. A tutorial on how to contribute liquidity to the AMPE/KSM pool is coming soon!

[jack jebb] 09/8/2023 11:30

I'd forgotten we had that holding. Every little helps.

[888icb] 09/8/2023 11:06

This morning’s RNS:
“ Googly announces significant partnership with the Caribbean Premier Cricket League
Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, notes Googly Media Holdings PTE. Limited ("Googly") recent press release announcing that Googly & the Caribbean Premier League ("CPL") have signed an agreement to launch the E-sports Caribbean Premier League ("ECPL).
The CPL ranks among the world's foremost sporting leagues, drawing over 720 million annual viewers for its T20 cricket competition. In this year's tournament commencing on August 16th, CPL enthusiasts have the opportunity to engage in the ECPL on Googly, a cutting-edge esports and gaming platform from India, enabling them to represent their preferred teams. The ECPL, featuring a $25,000 prize pool, spans 7 weeks and three stages. Each CPL team (Barbados Royals, Guyana Amazon Warriors, Jamaica Tallawahs, St Kitts & Nevis Patriots, Saint Lucia Kings, and Trinbago Knight Riders) will hold Open Qualifiers on Googly's esports platform to discover their mobile esports representative. One of the supporting partners of the inaugural ECPL on Googly include Nextwave Multimedia - publishers of World Cricket Championship 3 ("WCC3") which is the official game of the ECPL and has 80 million downloads worldwide.
Googly is a Blue Star investee company and business partner of Blue Star's portfolio company Dynasty Gaming and Media ("Dynasty"), Blue Star holds a 0.6 per cent. interest in Googly.
Tony Fabrizi, Executive Chairman of Blue Star Capital said that: "The Indian gaming market continues to enjoy strong growth and Googly's agreement with the Caribbean Premier League is a tremendous launch pad for Googly. We look forward to further announcements on this initiative and many others planned by Googly later this year."

BLU has responded with a rise of 8.3% but so far low volume of 5.6 million from just 10 trades.

[jack jebb] 04/8/2023 07:03

Good volume. I guess someone wanted out but they were taken on board.

Bit of a news vacuum here.

[888icb] 03/8/2023 13:48

An interesting day with a middle of the day 15% rapid fall to a three year low but now recovering rapidly. Now down 2% at 0.12 on volume of 95 million.

[ragnarr] 05/7/2023 10:50

Alchemy Pay Integrates Fiat Onramp for Pendulum's PEN Token https://alchemypay.medium.com/alchemy-pay-integrates-fiat-onramp-for-pendulums-pen-token-339b2d586aa2