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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The Board will be looking to start either a full or partial sale of its 27.9% interest in SatoshiPay within 12 months. As already suggested below, this could be a test the market exercise which may not lead to a sale of any % of the holding. We are expecting big things from Pendulum and everything around it in the next 6-9 months, we could see a large increase in its valuation. However if Pendulum is proven and it in some way de risks the success of DT Transfer (can it, will it? please advise) we think the value of DT Transfer success will dwarf that of Pendulum? If BLU need working capital within 12 months I hope it can be satisfied by the realisation of other assets without selling any of SatoshiPay if it projects are successful.
I think and of course it's purely an I think as nobody can ever be sure where anything is heading but this morning a million blu for 2k is a gift
I agree. i added 1.3M at 0.1938p earlier and might buy some more later.
It would appear to be a great top up opportunity that has presented itself this morning
I could be way off the mark here, but could it not just be to see what the valuation of SatoshiPay could be worth down the line ?
I don't think they need to raise funds any time soon. They specifically say they don't intend to do it plus they've recently raised money from selling part of the Guild holding. That gives them more than enough cash to stay afloat with the reduced cost base. It would be a big loss of credibility for TF to go back on what he just wrote in his Chairman's Statement.
Likely a small placing will be needed after the AGM. Don't see them selling Guild at this price. I think we will have an opportunity to load up at 0.15p. GL.
Firstly, great to have such a detailed analysis of all the investments held.
Secondly, BLU is dropping today but is still being valued on a 2021 Dynasty fund raise and a 2019 Satoshi fund raise. Assuming there has been progress in these two companies since then (which there has) i see this as a huge buying opportunity at anything below 0.22p.
Hmmm. See this slowly drifting lower until pendulum launches, and then we'll see what happens!
shame we cant do the same as below with the chumps at Dynasty.
Blue Star currently has a 27.9% interest in SatoshiPay's share capital, which is valued on the basis of the last external fund raise in 2019 at approximately £4.72 million. It has been the Board's view for some time that the valuation of SatoshiPay may have increased significantly since the last fund raise in 2019. In order to assess the market value of SatoshiPay the Board of Blue Star is looking to carry out a formal sales process at an appropriate time in the next twelve months which may lead to the sale of all or part of its shareholding in SatoshiPay. There is no guarantee that this exercise will result in a whole or partial sale but the Board believes it's important to undertake such a process so as to obtain a better understanding of SatoshiPay's current and potential value.
Great to get another chance to buy more of these at these prices before substantial news arrives.Didn't think we'd see low 20's again but hey ho,opportunity knocks.
I'll have a Blue Monday
Blue Monday
2 oz. vodka, ¼ oz triple sec, ¼ oz. blue curaçao
Cheers
To be honest a strong finish to the day as we were -8% when I posted so will take -2% : )
More to come during March as the Pendulum road map continues to progress.
Curacao ****tails all round on Gazzleberry when we hit 1p
GLA
No :(
Could wee see a Blue finish : )
Yes 0.225 is cheap as inexpensive fried potatos
Yes been nothing to buy but just managed a 1M top up.
GLA
Yes same, unable to buy at present. Can't see how the price will stay where it is for long after people wake up to the fact that dates are finally announced and they become ever closer!
Most of that went over my head but I'm excited to be along for the ride and learn as I go. Let's hope the March goings-on will give the SP a kick in the right direction!
Guild Esports PLC
("Guild Esports", "Guild" or "the Company")
Results of Annual General Meeting
Guild Esports PLC (LSE: GILD), a global teams organisation and lifestyle brand, is pleased to announce that all resolutions proposed at the Annual General Meeting held earlier today were duly passed on a show of hands.
In relation to Resolutions 8 (authority to allot shares) and 11 (disapplication of pre-emption rights), the Board notes that while these resolutions passed by the required majority, there were significant votes against these resolutions. In accordance with The QCA Corporate Governance Code, the Company will engage with shareholders to understand the reasons for their opposition to these resolutions, and will provide an update in due course.
I, for my sins support Spurs. The emotional journey has parallels with holding BLU.