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I understand many AIM investors don't like holding but that is all you need to do here. One day an RNS will drop which will transform the share price. I had a good reminder of this today when another investment in VELA which was in a similar position started to come good with a 50% increase in price (with hopfully more to come tomorrow). BLU will come good as most here know but I understand some frustration, in reality I don't mind the delay as it will allow me to add further.
GLA
I start to get sick of hearing that P word. 5 years plus holder here
Its all gone very stale, well, it has been for a while for Dynasty
wagodara - so you're resting your laurels on a speculative comment from Tony, great. Heres what I think... actions speak louder than words. Some sort of up to date valuation from them wouldn't go a miss. Not one of the silly wishy-washy RNS's with no attributable value attached to it.
We need news and valuations pronto - that is for both Dynasty and Satoshipay
Without that we are just going to continue sliding into the abyss
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.
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.
@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.
Bluebutton - Excellent post!
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.
If Tony is planing on winding down Blu and returning investors money in September 2024 most here will walk away with a loss!
Understanding Automated Market Makers (AMMs) - 0xAmber AMM
https://mirror.xyz/0xd277C7E99D737b7Efba5146cd7E5504C2A92F18A/ZlSBak68WrQKoQ2fwYTLyu-WLsN1leuonKbzGlXhZ9U
Where has it been said that ‘ Tony is planing on winding Blu down next September’ ..??
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
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.
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.
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