Be sure to check our sister interview main ratings news website

Blue Star Capital plc Net assets increased 31%

Tony Fabrizi, CEO of Blue Star Capital plc LON:BLU, told DirectorsTalk today: “We are pleased with the development of our current portfolio with recent increases in the value of our holding in Sthaler and positive progress at VNU (an investee company of DTL) together with the exciting addition of our investments in SatoshiPay. The Board is confident that the current portfolio has the potential for a significant improvement in net asset value and will continue to monitor corporate opportunities to enhance shareholder value.”

 

Blue Star Capital plc (LON:BLU), the investing company with a focus on technology and its applications within media and gaming, is pleased to announce its interim results for the six months ended 31 March 2017.

Highlights during the period

   --     Net assets increased 31% to GBP2,302,330 (30 September 2016: GBP1,757,165). 
   --     Loss for the period of GBP114,585 (2016: loss of GBP67,586).

— GBP554,274 investment in SatoshiPay to achieve a 10.68% shareholding following a fundraise by Blue Star to raise GBP0.7 million.

Post period highlights:

— Further investment in SatoshiPay to take Blue Star’s shareholding to 19%. 268,213,880 new Blue Star ordinary shares issued as consideration for the investment

— Significant uplift in value of Sthaler from GBP108,700 at 31 March 2017 to GBP227,000 based on Sthaler’s recent fundraise.

   --    Fundraise for general working capital to raise GBP0.20 million.

 

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Blue Star Capital Plc

    More articles like this

    Blue Star Capital Plc

    Helping hospitality venues to reopen safely

    24th June 2020

    COVID-19 delayed our planned launch in Manchester and so we looked to redesign our FinGo solution to help hospitality venues re-open safely in line with government guidance. The new FinGo experience is an easy and convenient way to collect

    Blue Star Capital Plc

    Biometrics: The Future of Payment Authentication

    4th June 2020

    Today buyers have to deal with PIN codes and passwords, and despite all warnings, are often guilty of using same passwords for multiple accounts, actually making them less secure. Yet, all this may be a thing

    Blue Star Capital Plc

    SDF Invests $550K In SatoshiPay For B2B X-Border Solution

    29th May 2020

    The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release. SDF’s investment came by way of convertible loan

    Blue Star Capital Plc

    Esports doesn’t need a virus to overtake real sports

    27th May 2020

    Tomi Kovanen was among the early professional esports players. Since then he has held roles at various tech and media businesses, including a stint in M&A at JP Morgan in London. Currently he’s a senior executive at IGC,

    Blue Star Capital Plc

    Esports Viewers to Hit 495 Million in 2020

    21st May 2020

    As one of the fastest-growing industries in the world, the esports market has witnessed a remarkable growth in both revenue and viewership over the years. With coronavirus lockdown rules in place and the growing number of people spending

    Blue Star Capital Plc

    Biometric payment cards to ride contactless wave

    20th May 2020

    Biometric payment cards are expected to play a major role in a trend towards the use of multi-factor contactless transactions in the aftermath of COVID-19, ABI Research forecasts based on new research. Contactless payment card issuances are expected

    Blue Star Capital Plc

    Transform your business with Fingopay

    14th May 2020

    One action. Many benefits. Want to serve customers quickly and encourage repeat visits? Fingopay has the answer. Our unifying identity solution simplifies and enhances identity, payment and loyalty schemes. And unlike contactless payments and apps, Fingopay

    Blue Star Capital Plc

    Technology in Banking: The developing role of biometrics

    1st May 2020

    In the past, technology that could identify us by our biometric data was something we only saw in science-fiction:from facial recognition technology used in Star Trek, to Marty McFly using his fingerprint to authenticate payments in

    Blue Star Capital Plc

    Tracking demand for biometrics in payments

    29th April 2020

    n the digital age, privacy and security have become key concerns for consumers. As a result, multiple industries now face the challenge of delivering more robust authentication solutions. This is particularly true for fintech and financial

    © 2023 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.