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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We anticipate further announcements later this year, meaning last year.
Haven't heard a peep since have we?
I'm going to be positive and take this as good news.
Just what could we expect when we finally do get a proper update from them?
Would be nice to see how much these contracts are worth and the timescale they're over.
It's time for valuation please.
Thanks
Dynasty Update RNS Oct.31st :
Indonesia is Southeast Asia's leading gaming market, with over 200 million gamers generating nearly US$2 billion in annual gaming revenues. The first P2E title, which has been localised for the Indonesian gaming market, is due to launch within three months and additional titles are planned to be released throughout 2023.
Dynasty expects similar agreements to be signed and announced during the next two quarters, with several other markets launching Pioneer's P2E tittles within 2023, under Dynasty and Pioneer's recently signed publishing agreement.
Tony Fabrizi, CEO of Blue Star Capital said that: "This significant new contract, with one of Southeast Asia's largest telcos, is further testimony to the continued progress of Dynasty as it expands its gaming ecosystem to deliver Web3 Play to Earn games. We anticipate further announcements later this year
Must be very close to more Dynasty news at this stage.
You're right @Slugmum time to load up imo
Wago, the daily volume has been terrible for the last 5-6 weeks - take a look at the chart and see for yourself
Every cloud has a silver lining though, this poor price action may give me an opportunity to top up in the next few days
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Keep your eyes on the Pendulum!
Lol @slugmum
I think todays daily volume sums up how stagnant things are here
Looks like we will hopefully at least sit around this level of support for a while but if that breaks then we are on the road to 0.1 again
But still I remain...faithfully....blindly.
Hoping with hope that Buffet quotes and '5p Blu' ring true.
''The stock market is a device for transferring money from the impatient to the patient''
GLA
Metaphorically the similarities with an investment in both Spurs and Blu continue.
Seems like yesterday we were in the 5's within touching distance of greatness only for it to be snatched cruelly away.
More campaigns and leaders have come and gone and still the prizes elude us.
No words from the hierarchy when the fanbase is crying out for encouraging news and some sort of connection.
Now back in the teens and the outer reaches of the conference league beckon.
But still I remain...faithfully....blindly.
GLA.
Thanks Blu.
@bobsson
indeed , we will see !!
are we still awaiting Amplitude? when was that due for completion ?
the issue is, even with completion , which of those proves a catalyst for the BLU price?
the main event was $PEN , what has that achieved (for BLU)?
@DaveTK
the stock could be suspended ahead of a sale , but not because of one.
i believe should both key investment s be sold, the payout would be orderly and would not require suspension.
TF made very clear that the shareholders would have the final say on what happened with resulting sale funds.
if i were TF i would have had enough with both Dynasty and Satoshipay , neither company has done him any favours considering the seed capital placed in both courtesy of TF and Blue Star. of course TF anticipated major gains, but i do not suspect for one minute he thought it would take this long or that the businesses would result in a "snakes and ladders" analogy.
I'm sure Tony mentioned that Blue Star are currently not looking to invest in any new ventures right now.
Could this happen, One day we may get an RNS stating that both our 2 key investments have been sold, the share price will be worked out on the sold valuation and that, Blue Star is suspended and shareholders paid out?
Can this happen?
More experienced guys may know more.
Just a thought.
Thanks
Exactly @Gazzleberry.
In the next 12 months they will be considering the best time to exit these particular investments..could be next year ,could be 3 years time who knows.Surely their decision will be based upon how the 2 core investments perform in the interim. Yes,a valuation would be great. However,would we prefer a valuation tomorrow of, say, £50m for Dynasty..or wait 6-9 months and maybe have it valued at £150m ?
Happy to wait as it's a safe hold imo..hard to find nowadays.
From the Pendulum Road Map. The tasks below are all expected to be completed and functioning by the end of June 2023. We will see.
Spacewalk bridge launch
Forex AMM (0xAmber) launch
Real-time price oracle
Direct fiat on/off ramp
Fiat on/off ramp interface standard
Accounting API
Portal V2
Ledger integration ($PEN)
You would hope that the portfolio companies would keep their investee’s up to date with proceedings, sadly that doesn’t seem to be the case, it is respect to do it at the very least in my book, maybe I am in cuckoo land.
Ruga
Outlook March 2023
The Company has set out a clear strategy for maximising shareholder value over the next two years and is focused on achieving the key objectives it has set. The two key investments are well positioned to deliver on their strategies, and we will continue supporting them wherever possible. While Blue Star is a long-term shareholder, we must consider the most appropriate time to exit our investments and this will be a key consideration in the next twelve months. Overall, we believe the portfolio has significant upside and look forward to working with our portfolio companies to realise this value.
Anthony Fabrizi
Where has it been said that ‘ Tony is planing on winding Blu down next September’ ..??
Understanding Automated Market Makers (AMMs) - 0xAmber AMM
https://mirror.xyz/0xd277C7E99D737b7Efba5146cd7E5504C2A92F18A/ZlSBak68WrQKoQ2fwYTLyu-WLsN1leuonKbzGlXhZ9U
If Tony is planing on winding down Blu and returning investors money in September 2024 most here will walk away with a loss!
Just bought another million, see if they tell the truth this time as they don’t very often.
Blubutton has hit the nail on the head.
The last valuation for Satoshipay if I'm not mistaken was in Feb 2019... An up to date valuation is well overdue as the last one was during the time they were trying to get Micropayments off the ground.
Blu last said their holding in Dynasty was worth approx £4.6m, but potentially as high as £6m (due to foreign exchange rates) back in September 2022. Again, an up to date valuation of the business wouldn't go a miss.
Bluebutton - Excellent post!
@Gazzleberry
100% disagree
with blue star it is the ONLY way to realise the value of the company, Blue Star is an investment company, therefore its assets must be assigned a value and in this case, an up to date value.
Satoshipay value on Blue Star balance sheet is £4.7m, even with the fails and misses of late, its worth a great deal more than that.
Dynasty , well the spectacular fails and misses, can no longer be ignored, and whilst the company continues to dance to its own tune, with little regard for its investor. we are advised ( in last RNS and podcast) that they still continue to execute with vigour in their market place.
the status quo can not remain, a valuation of assets is not only required it is well overdue.
@bobsson
the formal exercise is most definitely needed for this company, its the only way a floor can be placed under the price.
as soon as the company makes progress, the chumps come in and skewer the price.
as mentioned previously Blue Star capital despite flattering to deceive on a couple of occasions, is no further forward, from a share price perspective, than it was 5 years ago.
that is damning !!,
i like the company, TF is a decent guy, but i'm here for capital gain, its overdue, after the years where the funds i have tied up in this could have yielded much more, i want to see Blue Star find a way of realising value, if that is via monetisation of Dynasty and Satoshipay, then so be it.
its time for action one way or the other.
Blue Star have already stated the valuation exercise will be conducted later in 2023. The value of the companies assets should be much greater then than today. If progress continues in Blue Star`s investee companies, and the progress is made public by them, Mr Market may revalue without the formal exercise.
Hi @slugmum
My laurels are resting on alot more than Tony's positivity.I think yours are as well,otherwise why would you still be here 5 years later ?
None of us can influence or accelerate the timescale here for valuations of blu's holdings,we just have to wait. Nothing else to be said really until we hear news..sorry.