Blue Star Capital Share Discussion Threads

[888icb] 06/5/2021 17:49

If he is going to make any money from his investment he will want to see it rise from here. He was very bullish on his Twitter feed recently when the new Dynasty valuation was announced. Described BLU as a bargain that should double this year.
Today’s share price performance on volume of 100 million is very disappointing following this mornings RNS demonstrating it is trading £3 million (33%) below NAV.

[ragnarr] 06/5/2021 17:13

selling holding this back - its just a hunch but wouldnt be surprised to see Mark White reducing, I just get the feeling that he got a little carried away with BLU after his success at ARGO.no knowledge just a hunch.

[888icb] 06/5/2021 13:07

Sorry about that I have amended it to 0.24p. May be someday!

[dennisbergkamp] 06/5/2021 12:42

Agreed 888, was jesting as you said 24p (no decimal point ;-)

D

[888icb] 06/5/2021 11:49

In early January this year BLU hit 0.28 intra day and closed above 0.25. The company is in a stronger place now following the Dynasty new valuation. There is therefore no good reason why BLU should not return to those levels in the near future.

[dennisbergkamp] 06/5/2021 11:36

.24p... wish it was 24p! I'd buy you all a drink or 6!

D

[888icb] 06/5/2021 11:01

The figures given in today’s RNS which don’t mention every investment give NAV of £12.07 million. The current market cap is £9.09 million. So £3 million upside to get to NAV which means a rise of circa 33% to get to NAV which would put the share price at 0.24p.

[trentendboy] 06/5/2021 09:49

I agree - real asymmetric trade here from what I can seeVery limited downside based on current valuations of fast growing companiesPotentially massive upside from growth and share price valuation

[888icb] 06/5/2021 09:17

The GILD valuation is already in need of an update.
Forbes did a good write up last week and Nick Slater predicted up 30% to at least 8p.up 6% to 7.2 on volume of 7 million having been higher at 7.4.It looks as if 8p is very much on the cards in days rather than weeks. That would be back to the IPO price.

[jfreshfield] 06/5/2021 09:05

That's the point. Market cap completely derisked here. No downside

[trentendboy] 06/5/2021 08:51

Good to see Guild rerating- long over dueManaged to top up both guild and BLU in the meantime Both could 2x with ease and people would hardly blink an eyelid

[jfreshfield] 06/5/2021 08:38

Don't discount Satoshipay yet.

[oakville] 06/5/2021 08:36

Gild now at 7.4p !

[thoseintheknow] 06/5/2021 07:53

if you take out satoshipay the NAV is around £8m say 0.17p so todays price is effectively valuing satoshipay at zero. Dynasty is probably worth £8m to Blue on its listing in 9/12 months so that's 50% upside from the current price and then if Satoshipay delivers anything reasonable it could be worth far more than Blue's current market cap. In summary, those prepared to take a 6-9 month view look secure at the current price and might if things go well double/treble their money. GLAH

[markth126] 06/5/2021 07:26

Yeah, it's just whether the market puts any value on the satoshipay valuation at the minute prior to an update proper!

[thoseintheknow] 06/5/2021 07:25

agreed 0.24p plus it ignores Sthaler £350k and the other 5 esports investments one or two of which might deliver, could easily build a case for 0.26/27p fair value.

[markth126] 06/5/2021 07:22

I think it's a good read too but not sure on your 4.2p , I would guesstimate moreLike 0.24p but still 30% moreThan today

[oakville] 06/5/2021 07:14

Update on Investment Portfolio

Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, provides a general update in respect of certain of its investee companies.

Guild Esports plc ("Guild")

Guild was admitted to the Official List and started trading on the standard segment of the London Stock Exchange in October 2020 to take advantage of the growing esports markets. It is Guild's intention to create a leading global esports franchise by establishing its own teams, player training and talent scouting and associated management of branding, advertising and media rights.

Since its admission to trading, Guild has already achieved a number of important milestones, including attracting a number of sponsorship deals including Subway, a European fintech Company and Hyper X, a gaming peripheral brand. Further Guild has launched merchandising opportunities including in-game decals and a clothing range.

Guild has continued to expand its team and player signing, with both team acquisitions and the signing of top-ranked players to compete in tournaments for games such as Fortnite, Valorant, Rocket League and FIFA. In March 2021, Guild won its first major trophy in the European Grand Finals of the Fortnite Champion Series, which was followed by a second trophy win at the EU Spring Regional Rocket League Champion Series in April 2021.

Blue Star has, to date, invested approximately GBP706,000 in Guild, and holds approximately a 5.95 per cent of the issued share capital of Guild valuing its investment, at the current share price of 6.65 pence, at approximately GBP2 million.

Dynasty eSports Pts ("Dynasty")

Dynasty is a Singapore-based business which has developed its esports portal management ("EPM") platform to combine the esports ecosystem of community, competition, player engagements and monetisation. Initially targeting the Malaysian market, Dynasty signed a five-year partnership with the Malaysia Esports Federation in June 2020 to provide its EPM platform.

Since June 2020, Dynasty has gone on to sign a number of other SaaS agreements for the provision of its platform, notably to the largest telecoms carrier in the Middle East to launch a branded Dynasty platform in a number of the region's key esports and gaming countries.

Dynasty has successfully raised additional funding, most recently in April 2021 in which Blue Star participated, raising US$5 million and increasing Dynasty's post-money valuation to US$50 million. This funding will allow Dynasty to continue to develop its EPM platform, with the intention to focus on enhanced player personalisation, games publishing, rights management and the use of AI to support an automated experience in coaching and media creation.

Dynasty recently announced its intention to seek an IPO on the Australian Stock Exchange (ASX) within the next 12 months.

To date, the Company has invested approximately GBP895,000 in Dynasty and, based on Dynasty's valuation of US$50 million in this latest fundraising round, the Company's holding in Dynasty is valued at approximately US$6.5 million (approximately GBP4.6 million).

SatoshiPay

SatoshiPay is a fintech company supplying payment and money transfer infrastructure based on blockchain technology to digital industries and globally operating SMEs. Having initially focussed on building a micropayment infrastructure and platform the decision was taken just over a year ago to use the same technology and experience to move into B2B cross border payments service for businesses. The reaction to this new product has been positive and the Board are encouraged by recent developments.

SatoshiPay announced the launch of its B2B payments platform DTransfer in September 2020 to facilitate cross-border payments for businesses by integrating currency exchange into each transaction.

In December 2020, SatoshiPay announced it had signed an agreement with German Bankhaus von der Heydt to become the first user of the bank's fully compliant Euro-backed stablecoin ("EURB") which it is integrating with DTransfer.

This agreement provides SatoshiPay with a stable on and off-ramp for EURB transactions with instant EUR-based bank transfers within the Single Euro Payments Area (which comprises 36 European member-states) allowing users with an easy solution to instantly send and receive euro-based payments.

The Company awaits further updates from SatoshiPay and will update the market in due course.

To date, the Company has invested approximately GBP1.9 million in SatoshiPay. Based on the value of SatoshiPay's last fund raise, Blue Star's investment is valued at approximately GBP4.9 million.

Other Investment Highlights

As announced on 16 April 2021, Blue Star invested in NFT Investments plc, an investment company targeting non-fungible tokens, a specialised class of assets that certifies authenticity and proof of ownership of digital assets.

Blue Star has invested a total of GBP250,000 in NFT Investments plc at both pre-ipo and ipo rounds at an average price of GBP0.027 pence per share, now valuing the Company's investment at GBP342,000.

Leaf Mobile inc. ("Leaf") in which the Company invested CAD$100,000 in April 2020, completed the acquisition of East Side Games Inc. for approximately CAD$159 million in February 2021 and commenced trading on the Toronto Stock Exchange. More recently, Leaf announced revenue of $80.5M in for the year ended 31 December 2020, representing a 116 per cent. increase over 2019 revenue of CAD$37.2 million.

The share price for Leaf is currently trading at approximately CAD$0.47 per share valuing Blue Star's holding in Leaf at approximately CAD$293,750.

Derek Lew, CEO of Blue Star commented, "This latest market update supports Blue Star's strategy of investing in early-stage disruptive tech businesses that make up our portfolio. We strongly believe that we are well positioned to benefit from the growth in esports, gaming, fintech and now most recently NFTs."

[oakville] 06/5/2021 07:12

Looks as though BLU board have had enough of this share price going nowhere and have issued an update. Again all positive and making money.

[888icb] 05/5/2021 18:49

I believe Derek had to exercise this week as the warrants were due to expire. At the price he has paid he can’t sell them on for an instant profit but the company has more funds. He has also taken his salary in shares. Both events help the company and I fail to see how Joe Public has been shafted. A 4.2% stake in the company should motivate him.

[trentendboy] 05/5/2021 18:47

If guild pushes on past float price of 8p into the teens we should see BLU moving up in sympathyThings look like turning at last

[okspookie] 05/5/2021 18:40

"disappointing that people aren't responding positively to Derek's news this morning"

888 has lost his marbles

the only people making money from this share

are the privileged few who buy into the placings

& exercise their warrants when it suits them

snouts in the trough

joe public getting shafted

yet again

it stinks