Blue Star Capital Share Discussion Threads

[trentendboy] 22/4/2021 07:27

Excessive shares from where?

[jfreshfield] 21/4/2021 08:30

Fair value close to 0.25 which is £12m market cap.

[trentendboy] 21/4/2021 08:04

Coiled spring effect - once the big seller is cleared this will really flyFeels like this is happening nowThis latest dynasty valuation puts a high floor under the SP

[trentendboy] 21/4/2021 08:02

Guild - undervalued in analysis belowThis could be a big winner imoWinning plenty of trophies now and signing top creators

[stoxx67] 21/4/2021 07:43

entirely EXPECTED, agree good none the less

now to address the elephant in the room...... Satoshi nopay

sort it out Derek.

[thoseintheknow] 21/4/2021 07:21

Is Blue cheap at 0.18p (£9m)? I believe so for the following reasons:
1. Dynasty. Just increased in value by 300% in 9 months to 45m. Blue first invested 18 months ago at $1.8m and has maintained its shareholding at 13%. Assuming Blue follows its money in the current raise it will have invested in total around £800k and Dynasty will be worth $50m (£36m so 13% is £4.75m). This round of funding is all the cash Dynasty needs to fully exploit its opportunity and this company could easily be worth £150m in a years time which is almost £20m for Blue, more than twice the current market cap!
2. SatoshiPay. A marmite stock you either love it or hate it. The facts are Blue has invested around £1.8m for a 27% stake. The most recent investors valued the stock at £17m so Blue stake on that basis is worth circa £5m. There is no disputing that SatoshiPay has massively under delivered and I doubt many Blue shareholders have a good word to say about Meinhard and his management team. However, blockchain is a hot sector, SatoshiPay are well respected by the Stellar Development Foundation (most recent investors in SatoshiPay) which is the 13th largest currency at almost $14bn and they sit on a pile of cash/cryptos. You may value this at zero but in my opinion the likely outcome is an exit above the current Blue valuation, so I am assuming £5m.
3. Guild current market cap £1.8m. Blue is currently locked in but can sell from beginning of Oct 2021. It looks like management are doing a reasonable job but I think this is a slow burn so I am assuming £1.5m
4. Sthaler. Could be huge but Blue owns less than 1% say £500k.
5. NFT and Leaf. I am assuming current market caps £500k.
6. Balance of esports portfolio. No news for anywhere from 9 months to 18 months, we may get a nice surprise but I am assuming zero.

On the basis of the above we have current market cap (£4.75m+£5m+£1.5m+£500k+£500k=£12.25m) so a price of 0.21p. This is a sensible premium over the current price but on the upside this may be massively undervaluing the value of Dynasty which could be huge and be worth 0.35/40p per share by itself in a year. If SatoshiPay delivers that is a great bonus but even if SatoshiPay is a zero I believe Blue is an excellent investment for those with a little patience.

[trentendboy] 20/4/2021 21:11

Because cheaper to buy BLU that direct as it is so ruddy undervalued But for how long

[888icb] 20/4/2021 15:28

It is interesting to note that Pioneer Media Inc who are a 6.6% shareholder following the placing are also investors in all the Esports companies that BLU has invested in. A Director of Pioneer was involved in founding Argo Blockchain and is also involved in the Argo spin off NFT that BLU just invested in. Pioneer are also involved in Leaf. Not too sure why Pioneer want to invest in BLU when they are already invested directly into most of BLU’s investments.Except Satoshipay which they are not invested but as they specialise in blockchain as well as esports perhaps its Satoshipay they are interested in. Food for thought.

[doodlebug4] 20/4/2021 13:47

Constant placings are not helping and five of the eSports companies BLU invested in 18 months ago appear to be going nowhere. It's all very well quoting valuations for investee companies, but rather pointless if the Board can't or won't monetise any of them.

[blueblood] 20/4/2021 13:27

All the recent good news totally ignored by market. Need something spectacular to break out from these depressed levels.....

[blueblood] 19/4/2021 09:58

C'mon let's get moving where are the bargain hunters....

[888icb] 19/4/2021 09:05

Volume of 37 million in the first hour. On the back of last weeks news you would expect this to move back towards recent highs. News should be coming soon that we have exercised our non dilution rights regarding Dynasty and the market needs to recognised our new NAV.

[blueblood] 19/4/2021 08:42

More good news today but still can't crack in past 0.2p. Should be 50% higher given progress in Q1 alone imo