The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Now that 9M shares have just been sold at 0.165, can we expect another rise from these levels or does the seller know something we don't?
enjoy !!!
lets hope, at some stage in the future, BLU can have a daily rise of 147%
Snap, didn’t notice the big spread though. Oh well, maybe some news on the stellar bridge coming up.
Pen token is going for a run up!
Whilst much of the attention on here is seemingly on Satoshipay, it seems to me that it is Dynasty who are actually doing the business and producing real earnings and growth. Of course, I dont know how much earnings or growth, but adding up the various news stories about them in the last few months, it looks like its happening for them. Furthermore, their management seem market savvy, having ex investment bankers on board.
BluButon - what are you expecting TF to deliver?
The RNS shortly after he returned simply wrote off many failed investment and said Blu will hold onto two more until they are valuable.
Blu is a passive investor (look it up, lol at you patronising), they're just sitting on 2 holdings hoping they increase in value.
If you think TF can influence SatoshiPay, look at his previous years here, where SatoshiPay consistently delivered zero value.
There's no pressure on TF to deliver anything, because every time SatoshiPay make a worthless update to their website about developing more tech that nobody wants or needs, people here believe "iTs dIfFeReNt tHiS tImE"
Until someone gets a grip of SatoshiPay, and forces them to create a roadmap to delivering a product with consumer demand, nothing will be different, ever. No pressure on SatoshiPay = No pressure on TF = it's not going to be different this time, or next.
@ragnarr
many thanks for the articles and insight
@wadogara
normally have you filtered, so i didn't see your message until i was logged out.
i am not under pressure, neither am i a passive investor (look it up), as it seems you are .
i remain active and offer opinion, i am happy to do so and will continue to do so, i trust this clarifies matters for you.
TF is under pressure to deliver, as is every CEO, and i am sure he will.
atb
blu
State of Crypto today 2023 A16z report
https://api.a16zcrypto.com/wp-content/uploads/2023/04/State-of-Crypto.pdf
I think it is important to stress that the Pendulum project is in the very early stages of the whole web evolution. We have experienced web 1 & 2 we are now on the brink of web 3. It is my view that in terms of progressive development we are are roughly are at about 1996, when the internet as we knew it then was about to explode. Web 3 will (in my view) change everything, its just a matter of (as individuals) whether we have the foresight and conviction to take advantage of the next phase and what is about to happen. Maybe Pendulum will be part of that, maybe not, but projects providing real world solutions are (in my view) the future, and Pendulum fits the bill. But patience is required - these developments are not easy to implement.
Happy to be corrected :
400,000 registerd users @A$730 average revenue per user = A$292m
50/50 JV with Dynasty = A$146m
Blu owns 13% = A$18.98m = £10.12m
Current Blu MCap = £10m
Plus : North America
South East Asia
India
Satoshipay
If this is right,we will soon have a massive re-rate on our hands.This is hilariously undervalued.
The only one under pressure here seems to be you @Blu. As Crawshaw says,maybe you should sell up . You are on here several times a day now bemoaning your investment..sure cash in and put it in GST..which has no succinct valuation either atm. Personally,am more than happy to hold as wuth each new Dynasty contract the value of our investments just keeps on rising.
a valuation can be achieved each and every year, in fact, its good practice to do so.
TF can sell a part of the holding should he wish to facilitate a valuation of the whole of the holding, for both Satoshipay and Dynasty.
nearly 16 months now since we hit 0.595 on 16 - jan 2022, and that was on speculation that we would hear something from Dynasty... nothing since.
i'm sure we will get a valuation this year, its overdue and i'm sure TF wants a way out too, he is under pressure here.
A new valuation even at this stage would hopefully be much higher than previously accounted for by BLU.
Once general market sentiment picks up particularly regarding crypto / blockchain and all things de-fi.
I do appreciate getting a valuation this year may not give Tony the luxury of waiting for the above, but valuations are generally higher during boom cycles.
He did say it may just be an exercise to probe the market.
.
@johno
what do you perceive as "best market conditions" ?
I think you should sell your holding blubutton.
100%
I think Tony will be pushing as hard as he can. He's also commited to obtaining a valuation for Satoshipay this year so value should be attributed at some point. I am sure he 'll be waiting for the best market conditions in which to conduct any Satoshipay 'sale' process.
We all understand what you are saying Blu but you sure bang that drum bang bang bang
nothing substantive, nothing happens !!
GST , RNS ....... price up 7x
BLU , RNS ...... same price as 7 years ago.
why? because the market never gets anything that has clear numbers.
could be, would be , should be = market uncertainty
What we do know now is Dynasty is valued at substantially more than the Blu book value.
...and that is based on ONE contract...
BLU currently values its 13.7% interest in Dynasty at £6 million. BLU`s current market cap is £10 million. I put my conservative valuation of Dynasty on here in January at £100 million so £13.7 million for BLU. We could see an approach for Dynasty before market conditions for an IPO improve (why don`t Dynasty consider NASDAQ over ASX) in say 18 months time. At current rate of growth Dynasty could be worth £500 million, or £68.5 m to BLU in 18 months time.
PEN is more pen & ink at the mo. Be good for Pendulum to gain traction once more.
Nice to get an update although Dynasty should also be providing more of an overall progress report to Blu at this stage so that it can be rns'ed.
“ LPL is Australia's largest esports tournament organiser and one of the world's largest gaming related content creators. Esports has shown continued growth in Australia with video game revenue set to reach approximately A$6.5 billon in 2023 and forecast to exceed A$9 billion by 2027, according to data from Statista. Average revenue per user is also high in Australia with average revenue per user around A$730, compared with a global average of approximately A$211.
The new LPL platform launched in April and with more than 400,000 registered users, is Australia's largest esports and gaming platform. The number of users is expected to increase significantly during 2023 in line with the growing number of brands and partnerships signing with the new JV.
Blue Star holds a 13 per cent. stake in Dynasty.
Tony Fabrizi, Executive Chairman of Blue Star Capital said that: "The JV partnership with LPL is expected to be a significant step with Dynasty transitioning from service provider to media owner. We expect this change in focus will be repeated in future contracts. Dynasty's development of its highly sought after esports and gaming platform puts it in an excellent position to partner with existing media owners to exploit this growing market."