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Dynasty is going to be enormous and Blu's investment in it is hugely undervalued right now..simple.
@slug
"I’ve crunched the numbers and this alone speculatively could be worth £10m to BLU, or in laymen’s terms, adding another 100% to the current market cap"
my apologies, you mean JUST the LPL deal
Yes calcs are wrong
In a rush this morning
@slug
that's not the value of Dynasty though, that is what we are interested in.
Shame that the news article has more info in it than our RNS
Nonetheless at least there are some numbers in there compared to previous Dynasty related RNS we’ve had
400k user base, average revenue per user of 730AUD
I’ve crunched the numbers and this alone speculatively could be worth £10m to BLU, or in laymen’s terms, adding another 100% to the current market cap
I don't know about anybody else but a 50/50 JV with such massive potential revenue sounds pretty meaty to me.
An IPO is mentioned in the article:
“The bulk of Dynasty’s technology platform stems from the work of co-founder and chief technology officer Crispin Tristram, who developed South-East Asia’s most popular gaming and esports platform, Dunia Games, before launching Dynasty.
Dunia grew to support 22 million monthly active users and booked annual revenue of more than $US500 million.
Since launching three years ago, Dynasty has been testing the waters of an Australian IPO, but Mr Baxby said the timing was still up in the air.
“The IPO market is still somewhat closed, so we’ve raised incremental capital to fund the business growth,” he said.
“We’ll have to wait and see what the market does and where we gain the most traction.”
Blubutton you can read the article here
https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Ftechnology%2Fasx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k
That not definitive enough for you @Blubutton ?
not enough though, no value attached, no mention of IPO, until we get figures or an IPO or a valuation , then there will be a small spike and a sell off, rinse and repeat !!
the status quo remains !!
RNS out, finally some info.
@PD
many thanks, light at the end of the tunnel?
unfortunately can not read the full article, however i would imagine no timeline, nothing definitive. , however the acronym is there once again, IPO !!
maybe microsoft will turn their attention to Dynasty after the Activision debacle ; ) they could pay for it via "pocket change"
https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Ftechnology%2Fasx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k
If that projected revenue is anywhere near accurate (and that's just for Australia's letsplaylive platform ?!), . . . . . then surely to god Bluestars share price should now be a bare minimum of 10 times higher than it is now. Surely we need an rns about this of some kind ?
Excerpt with eye watering revenue prediction "The company, backed by ex-Virgin Group CEO David Baxby, Caledonia’s Mark Nelson, former Macquarie banker Tim Bishop, Philip Schofield, and Mike Alexander, is hoping to scoop up $6.5 billion in projected Australian-based revenue.
If you copy the url into an older version of internet explorer you should be able to read it.
For subscribers only but that looks like it warrants an RNS,shall soon see. Nice of Phillip Schofield to be throwing his 2 bob's worth behind Dynasty..wonder will Holly Willoughbooby chuck in her 2 bo obs' worth ?
in a news desert this is well worth readinng
https://www.afr.com/technology/asx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k
is satoshipay cursed? .... lol
This is one of them shares were I keep hold and accumulate on drops. Been in shares like this before with a terrible news flow, was in one once and it was stagnant for months, I ended up selling to free up money and the news dropped the same afternoon. It isn’t happening here, I wait the day, god knows when it will be but I wait. I take no notice of ramping, de ramping or dodgy sell disclosures. It is on my head, win or loose.
Well we definitely need a fight back!
Actions speak louder than words
I topped up, looks like a few others may have followed suit too
Come on Dynasty pull yer finger out and deliver us something special
Spacewalk news has to be close too
Hi pablo
I suppose in that phrased scenario you are only the fool if you take action based on the advice - ie that news soon. I think most on here not taking action on BB opinion on when news may drop - I know I am not.
That doesn’t mean that I am not a fool, but not the phrase fool.
I would hope that news will come soon on Dynasty…
Typically, we reach the end of another month with no news.
Was the suggestion news would drop this month based on anything substantive? Or was it more "I can feel it in me waters" shameless ramping?
If anyone doesn't recognise a pattern of behaviour yet, to paraphrase Anthony Weldon "Fool me once, shame on you. Fool me twice.. that's idiot tax"
iTs dIfFerEnT tHis TiMe
Spurs performance much improved last night, let's hope BLU starts to follow suit
GLA
I’ve raided the back of the sofa and going to top up with another million and 1 shares this morning