The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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More news on the way?
2nd day of blue, looks good.
Cheers Duke, yes you were right, I'm still in the dark!! LOL
Thanks for trying though!
Just tried watching a video on Kusama Auction, didn't understand a thing LOL
Blu button
Well put sir, kind of sums it up IMO
All the best to all
Cmon Blu
Ouz
entirely agree, you have nailed the investment rationale.
With Pendulum about to kick off and nobody really knowing where it will go, it seems, to me, to be a funny time to sell. I'd expect both long and short term investors to stick around for the ride. The upside seems to far outweigh the downside risk.
Just out now on the Pendulum Telegram announcements.
"The pendulum crowd loan on Kasuma network is fast approaching. Date to be announced soon.
It's about to get serious"
@Torreaguas
"Surely it would have been better to raise say £500k in a placing. If it had been voted through when sp was on the 0.47 area it would have been done at a higher price than todays sp and we would be financially secure for another yr. Now we just wonder what we are going to do."
WHY?
Blue star capital is an investment company, its investees are responsible for their own operating costs, BLU is minimal and with very little required to keep the lights on. they have £269k, which by my reckoning, all things remaining equal, gives BLU 8 years cash
as i have said previously , the only exception is if Dynasty or Satoshipay / pendulum raise funds and BLU is required to take advantage of antidilution .
however
1.. DYNASTY is either a sale or an IPO, IPO will raise funds for them through investment, if we contribute then we do a placing, or we may choose to sell our stake into the IPO.
2.. Satoshipay/Pendulum/Dtransfer... Satoshipay is funded by Pendulum , which is funded by Stellar.
same applies , if Satoshipay IPO or BLU sells 27% stake, who cares we are in clover and in the pennies.
just the way i see it, for what that is worth !!!
i doid not see any occasion , in the past, where it seemed likely that this would hit 1p or 2p,
however i do agree that Dynasty news is well overdue, however they dance to their own tune, not that of BLU shareholders, much that i would wish it different. DYnasty has an astute and seasoned BOD, they will decide to do what is right for Dynmasty, when the time is right for Dynasty and in the process , i do not doubt, extract maximum value.
Satoshipay/Pendulum/Dtransfer ,a.k.a the golden egg, i believe next month may offer us news, to my mind, all it takes is a mere idea of what Satoshipay / Pendulum is currently worth (this can only be ascertained through a raise or an IPO ) then we would see BLU stock rerated in a major way.
i await news that is relevant to the above and my stock remains tightly held until such time as it arrives.
See it back at next week. 50% upside.
I agree! Back in today with a couple of purchases....
Good entry point this.
Nice deal for one of the companies that often gets overlooked in the portfolio. Good news that might not move the needle much, but looks to me like a cracking partnership going forward!
@ragnarr - That's fine, you are not being dim. it happens as when I am writing I am clear in my mind about how I am writing and the context in which I am writing, but when other person reads it ... they may see it in different context, so no biggie.
and yes the micropayment was the one of the big opportunity considered at that time, but it never adopted in mass media sector the way it was expected, then failed RTO is another setback, and then during the RTO process it was suspended but when it didn't materialise it didn't help either when it came out of suspension. so there were couple occasion when it was looking like we will see 1p or 2p+ in the past.
before the failed RTO attempt it did touch 0.8p.... that too without massive progress and far better prospects satoshipay has since then ... also without any esports investments as well. it's been long time.
I hope this time it is different outcome for the better, and I would like to see transformational Dynasty news as soon as possible.
Nomad - apologies - the way I read your post re shareholdings wasnt clear to me - probably me just being dim.
Those such as yourself that have been waiting for the golden ticket for give year have every right to be sceptical. He original micropayments simply didnt get the take up and in fairness to Meinhard at the time micropayments were deemed to be the next big thing by quite a few well respected players - in my view it was simply too far ahead of its time. who knows maybe it will return as digital currencies become the norm.
With regards to Daniel Masters you are right, none of us know the goings on at board level, but he is a visionary and quite an impressive individual so I am pleased he is on board.
For anyone who would like to get a better take on him I would recommend watching him giving a lecture back in 2018 on the future of finance.
https://www.youtube.com/watch?v=euJtyjjtB64
Following a fund raising last year Dynasty announced it intention to IPO in Australia. We are now at that point so we should expect news soon. We just received this update:
“ With regards to a potential listing, we remain open to all options but are not currently tied to any one specific direction or timeline. We are continuing ongoing discussions that would potentially provide a different outcome to an IPO. Our board and hardworking team will continue to act on the best interests of our shareholders."
Derek Lew, Chairman of Blue Star Capital said that: "I am thrilled to see the ongoing progress being made by Matt and his talented team at Dynasty. The securing of these agreements demonstrate the team are executing their strategy and reinforce our belief of the growth opportunities that lie ahead for Dynasty. From a Blue Star perspective, I am also particularly pleased that they have numerous options open in terms of how they continue to scale the business globally."
It seems reasonable to conclude that the discussions we were told about( in an interview by Derek of The CEO of Dynasty) with a global big Technology Company are progressing well. It is therefore highly likely we will have a liquidity event announced by Dynasty with Big Tech buying them out , at which point BLU will have more cash than it knows what to do with. Stopping further dilution was an excellent move and will be good for the share price. One of the favourite tools in the derampers toolbox is to predict a fund raise. They can’t do that here.
Reading the posts today, if I could add that Derek Lew said in His final results statement under going concern, that there are assets that could be easily liquidated should it be required.
from what is see all of those investments are all down a lot. Guild is worth less than the original investment, down to around 500k, leaf is worth around £100k and i have no idea what NFT is worth?
It would be poor business to sell these investments at a loss. Surely it would have been better to raise say £500k in a placing. If it had been voted through when sp was on the 0.47 area it would have been done at a higher price than todays sp and we would be financially secure for another yr. Now we just wonder what we are going to do.
Torreaguas - most investee companies are early stage and speculative. Popular opinion seems to be doubling down on SatoshiPay by selling holdings in other companies
For context, SatoshiPay has been promising big things since 2016 but not delivered anything valuable or income generating.
Selling recent investments, which have made more progress in less time, to fund continued vaporware is ridiculous imo. But dilution was voted down, so I guess that's the only way forward
thanks for the answer, what non core assets could they sell and what value could they achieve?
just a question. I am new here, bad move so far invested at .44 average. How does the company move forward with little cash? and with the vote against issuing shares how do they pay their way?
one more thing... I am not sure it is daniel's influence that put them on pendulum and spacewalk path, but I don't have board's insider information about the path they have taken. I would say it was more from meinharrd and SDF.