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Well it definitely wasn't me off loading - In fact the complete opposite and I added some more today, albeit just £9.5k. I was very pleased with the results but very disappointed with the SP movement, which seemed to start so well. Anyways for what its worth I do believe some shareholders who have been here a very long time, have taken the opportunity to ease their position on the rises. The positive of this is it leaves the way for bigger rises going forward. There is to be a new man at the Helm soon, who trust me guys is so enthusiastic and am pretty sure fail is not part of his vocabulary. Derek will drive us forward and take us to the next level and beyond. Satoshipay`s valuation must have at least doubled since the one put in the report, as the progress it has made lately along with the rise in Stellar Lumen being massive(Lumens up again today). Guild down from its IPO but starting to gain momentum, 2021 where it shows the market what it can achieve and then fair valuation will be put on it. DYNASTY - Theeeeee monster - This will be huge - Hopeful of news soon stating they are now profitable and info of their scale up plans. Sthaler - Only small holding here but of something that could be massive, enhanced by COVID. LEAF, again small holding but they have their eyes set on big things. We then have another 5 or 6 E sport investments, of which I believe we may have some good news of at least 2 shortly. In response to Rosewall I do not believe a placing is imminent ! An exciting year ahead for everyone involved in BLUESTAR CAPITAL.
I think that in some cases it it’s easy to get sucked into what some post on the boards there enthusiasm or lack of it for a share they claim to hold or not hold ...what ever the boards will not determine the price or the future of a company but easy to get drawn into comments one way or the other it depends on what you believe I hold a small position but alas burnt heavy in other investments I’d love a Argo B rise or percentages but feel blue is a slow burner unless satoshipay surprises us all
'it will take a long time before they perform, a long time'
I am going to have to disagree with you. I think their investment strategy identifies key sectors that are on the verge or already seeing significant growth. I don't think you can liken this to ITM as BLU have so much diversity and not targeting just the one market. I am comfortable that this year will see SP appreciation based upon the underlying investments and could out perform the market by a good margin.
It is nice to sEE blue stars investments moving forward......to me the four million odd pounds in satoshipay being there highest Investment but with no growth ...do they know something we don’t ...maybe they will IPO satoshipay surly that amount of money investment they want a pay back return at some stage the bottom line to me sounds like a fund raise it coming but question is how much money can they raise and at what price will it be set at ...quite confident blue is a steady investment but how far and how fast can it push on we well shall see
Apologies if I am less than clear. What I meant to say was that, as at year end, cash in bank, plus the income from warrants, plus receivables gives about £250k cash. From year end, to date, right now in January 2021, BLU have paid £27k in outstanding bills as at year end, plus other bills in October, November and possibly December, plus salaries etc.
How much is left? I don't know. I am not saying that they will go bust, I am saying that they need more cash and that will almost certainly come from placings (as the RNS states). The accounts have been window dressed to put a good light on the performance of the investees (not the company) and this is to encourage investors to purchase shares in the next placings. I hope that clarifies matters.
Just to clarify, I am not negative about the future prospects about this company, quite the opposite. What I have always said is that each of the investees is at the start of an industry, it will take a long time before they perform, a long time. A low price of entry is the price you pay for sitting and watching. I might suggest a comparison with ITM, peanuts to buy at the start of its journey but look at it now. Is this another ITM, I don't know, ITM had some very talented people and the backing of a multinational, maybe that will come in time..
Alternatively, the warrant holders may step in and exercise the 0.175p warrants. Better than a further placing and may have been the cause of some of the hold up in price movement. Just throwing this out there but perhaps a share holder with warrants is selling existing shares to fund the purchase of warrants to help the company and stop a placing. After all, selling shares at 0.2p and exercising warrants at 0.175p is clearly a good strategy and would propel the company in the short term and medium term. perhaps then the SP will start to reflect some value for current investments.
In respect of the annual report and receivables, I am not sure that BLU is the type of business that generates revenues as such they are more likely to have big pay days through capitalisation of investments. This year may see substantial rises in the value of some of the investments being in growth sectors they are in.
That does not stop them requiring capital to keep the lights on but I would rather see warrants exercised than a placing or sale of any of the existing investments at this point.
im suprised to not see this lift today. as for dilution i think the company may sell down an investment to get working capital instead, its not like we are locked in here and cant sell an asset.
lot of sellers just feel disapointed at no lift and are selling out for pastures new, but the story here is still positive. your post seems very negative in the prospects here which i cant understand . the company has easily monitised assets they could sell if and when they need money, your 4 months to keep the lights on scenario gives the impression their about to go bust.
Less nearly 4 months cash burn to keep the lights on.
As is clearly stated there will be placings of shares, and therefore dilution, for some time to come. This will continue until the investees start pulling their weight.
Another placing due imminently, it will probably be discounted, the markets don't like window dressing which is what we see in these accounts. Whenever I post stuff which is as clear as the nose on ones face I get abused. Well, I told you so, so go ahead.
That's good information thanks. I have only been investing the past 12 months so it's always good to get this type of information. I thought the RNS was very positive so was surprised not to see things move up a little this morning