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You're welcome ragnarr and just two things I want to reiterate:
1) I'm a long term holder and bull of Blu
2) I'm super grateful for all the sharing of research you do for this group, its invaluable - even though a lot of it goes over my head :-).
Thanks again and good luck all LTH
ragnarr - writting an investment doesnt mean you dont a share of the company anymore, so if googly were to perform for some reason we will get the cherry on top of everything else we have
Look at the upside - Dynasty just increased in value ;-)
It is really covered here in the portfolia statement back in September when Tony took hold again.
‘ The remaining esports investments are carried at cost and, in light of little news, for prudence, the Company will be looking into the potential write-off of most of the smaller esports investments within the next financial statements to 30 September 2022.’
Which means it will all be in the results statement due in March - My guess is total write-off of all those stupid little start-ups that Derek Lew oversaw.
I was just looking up the company on companies house and saw the same thing before reading your post:
15000000 transferred on 2021-10-29
0 ORDINARY SHARES shares held as at the date of this confirmation statement
BLUE STAR CAPITAL PLC
so what what did we get ? share from Google media holdings pte or cash ?
and why the F this wasnt reported by the board or am i missing something in the financila statement and rns ?
Chester - its in the accounts.
On 29 October 2021 Googly Media Holdings Pte Limited, a Singaporean entity, acquired 100% of the Company from shareholders
TONY FABRIZI: can you explain to us share holder where those were transferred to ? what happen to OUR investment ?
Just a thought - I suppose it is possible that BLU hold shares in Googly Media Holdings Pte Limited in singapore. But there gas been no confirmation of that.
The last mention I can find of Googly is in the Final results RNS on 25th March 2022:
“ Our portfolio of esports companies is headlined by Dynasty (renamed Dynasty Media & Gaming in a post period announcement) and Guild Esports PLC, each of which have successfully launched their products, and the remaining six (The Drops Esports, Diemens Esports PTY, Formation Esports SAS, Googly Esports plc, The Dibs Esports Corp and Paidia esports Inc) are continuing to develop their businesses. The Board remains confident in the strong underlying trends in esports and believes in the benefit of the portfolio approach when investing in early-stage companies, and that there continues to be value to be achieved moving forward from the esports portfolio. The Board will continue to monitor their progress and will update the market when appropriate to do so.”
Gents - look at the confirmation statement - BLU hold no shares.
https://find-and-update.company-information.service.gov.uk/company/12229297/filing-history
I agree it is out of order that there was no confirmation from BLU at the time and one of the reasons I am sure that Derek was kicked out.
Tony talked about writting those off just in case , it doesnt mean we dont own the share anymore
what do you mean we have no more holdings there , it wasnt mention in any statement we got rid of it, was it ?
However, Googley are still listed as a portfolio company on Blu's website:
https://bluestarcapital.co.uk/portfolio/
BLU no longer have any holding in Googly but the fact that Dynasty are hosting the platform is obviously good news for Dynasty valuation
From the last set of accounts at companies house.
On 29 October 2021 Googly Media Holdings Pte Limited, a Singaporean entity, acquired 100% of the Company from shareholders with the intention of creating a group with sufficient funding to recommence the esports business plan originally proposed by the Company.
https://find-and-update.company-information.service.gov.uk/company/12229297/filing-history
Pjb- thanks for your candid reply. Your scenario is certainly feasible but I think would be dependent on another black swan event. Without that it looks like bottom was hit around Nov (just under 16k) with a nice rally since hitting 23k. The question is whether it has just been a bear market rally or a true signal of the end of the bear. I tend to err on the latter as the charts show a break out from the downward trend, albeit small. I now expect a period of chuntering around the 18-23range for a while the data determines inflation/recession probabilities etc.
The FOMC rate in next few days will give some signals either way and I do have concerns about our resident Russian nutter. So wouldnt be surprised to wake up one morning with BTC at 15 or 30!
Either way I am fairly certain (as certain one can be) that within the next couple of years all my crypto assets will be many many times greater than today (and BLU of course)
ATB
Always worth a read for those interested. Pendulum/Polkadot.
https://www.benzinga.com/content/30182005/pendulum-sets-fresh-record-for-fastest-parachain-crowdloan-on-polkadot
Just in….
https://twitter.com/pendulum_chain/status/1618662579001298957
Think blu need to clarify their position on this as it wasn't mentioned in the latest trading update.. unless I missed something?
Hi ragnarr and firstly thanks for all your fantastic input to the chat.
I'll be honest, I'd had a "couple" of beers when I posted my post re crypto and probably shouldn't have as I'm still new to trading (I hasten to add I'm not trading Blu) however, I've been doing a lot of reading and studying (to trade big name stocks not penny stocks) and I just think that when we get a big flush with the general market, I think BTC will go with it. Panic will set in and it will go below the recent low of 15k and then below that there's quite a bit of support at the 12-14k level. I wouldn't be surprised to see some kind of regulation start creeping in around this time (the likes of FTX would have made the general public scared to invest) at which time confidence will come into the market and the money will follow. Then we will see the bulls return and BTC move upwards, past the all-time highs and on to bigger and better things.
TBH, I'm just regurgitating what I have read, listened to and then put my thoughts into it.
Either way, I dont think Blu is that related to BTC and will not flush with it (may take a little hit, but hopefully we will be a lot higher than where we are now before thay happens.
Anyway, just replying to your post, thanks for your fantastic research once again and good luck all Blu LTH ??
Yes, it spread it's risk. £150,000 was also invested into Dynasty which has taken off big time.
Time will tell if googly will do the same.
According to the RNS on 14 Oct 2019 Blue Star invested £150,000 in Googly Esports plc representing 11.1% of its issued share capital. I'm not sure if there has been any subsequent changes.
PD
If it did, we have a minimum of a 24 bagger here. That's excluding Dynasty et al.
Zak has no idea the muppet
More like 0.24…….0.28……0.35……0.48….0.57……then BLU sky