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Pin to quick picksBlue Star Share News (BLU)

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AIM WINNERS & LOSERS: Cap-XX surges as settles agreement with Tesla

Thu, 21st Mar 2024 10:43

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Cap-XX Ltd, up 76% at 0.34 pence, 12-month range 0.058p-2.90p. The manufacturer of supercapacitors for portable electronic devices says that it has been signed a settlement agreement with Tesla Inc. "Whilst the terms of the settlement agreement are confidential, they do not involve payments to Tesla that the board of CAP-XX considers to be material to the company," Cap-XX says. Back in September 2019, Cap-XX alleged that Maxwell Technologies had directly and indirectly infringed on CAP-XX's patents for several capacitor products. Maxwell, a California-based manufacturer of energy storage and power delivery products, was acquired by Tesla in 2019 for USD218 million. However, last year, Tesla filed a counter complaint against Cap-XX in a US District Court, alleging infringement of two patents by Cap-XX.

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Getech Group PLC, 8.4% at 8.95p, 12-month range 4.10p-15.95p. The geo-energy and green hydrogen company says it has made a "strong" start to 2024. Revenue for the first two months of the year are about 40% ahead of the same period in 2023. In 2024 to date, Getech has secured contract wins totalling GBP900,000, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. Chief Executive Richard Bennett comments: "Getech has had a good start to 2024, and I am pleased by the improved financial position of the company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base."

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AIM - LOSERS

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Blue Star Capital PLC, down 20% at 0.026p, 12-month range 0.026p-0.25p. The investment company reports a pretax loss of GBP6.3 million for the financial year that ended September 30, 2023, widened from GBP1.3 million in financial 2022. The main factors behind the significant loss were the write down in value of the company's investments in Dynasty Media & Gaming and Sthaler and losses incurred on the realisation of the company's quoted investments. Executive Chair Tony Fabrizi says: "The last year was one of considerable disappointment for all those connected with Blue Star. The material and unexpected write down in value in our investment in Dynasty has had a significantly detrimental impact on the company's net asset value and this has obviously impacted sentiment towards the company."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
2 May 2023 14:31

IN BRIEF: Blue Star notes Dynasty's partnership with Lets Play Live

Blue Star Capital PLC - Crawley, England-based investment company focused on e-sports, payments, technology and its applications within media and gaming - Says Dynasty Gaming & Media launches a joint venture partnership with Australian e-sports and gaming platform Lets Play Live. Says it is a "significant step" in its transition from service provider to media owner.

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14 Mar 2023 11:59

LONDON MARKET MIDDAY: Stocks up ahead of key US inflation reading

(Alliance News) - Stock prices in London were slightly higher at midday in London on Tuesday, as market attention turns to a US inflation reading, which has taken on new significant following the collapse of Silicon Valley Bank.

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14 Mar 2023 11:29

Blue Star Capital shares jump on investee's blockchain bridge release

(Alliance News) - Blue Star Capital PLC on Tuesday said that blockchain company Pendulum has released its 'Spacewalk' blockchain bridge, which aims to bridge the gap between the decentralized finance and traditional fintech services sectors.

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14 Mar 2023 11:07

AIM WINNERS & LOSERS: Blue Star jumps; Virgin Wines profit slumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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7 Mar 2023 12:58

Blue Star Capital swings to loss after fair valuation movements, costs

(Alliance News) - Blue Star Capital PLC on Tuesday said it swung to an annual loss due to a swing in fair valuation movements and an increase in administrative expenses.

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14 Feb 2023 11:04

IN BRIEF: Blue Star Capital says Pendulum parachain has gone live

Blue Star Capital PLC - Sussex-based investment company focused on e-sports, payments and technology - Notes that smart-blockchain infrastructure technology company Pendulum has announced that the Pendulum parachain has gone live on Polkadot mainnet. Blue Star investee SatoshiPay has 5.5% interest in Pendulum's future tokens. Blue Star owns 28% of SatoshiPay.

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23 Dec 2022 15:40

TRADING UPDATES: Webis wins racetrack deal; Plexus confident

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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31 Oct 2022 19:58

TRADING UPDATES: 4Global wins deal; James Cropper profit warning

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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28 Sep 2022 11:22

Blue Star Capital shares rise on conclusion of portfolio review

(Alliance News) - Shares in Blue Star Capital PLC rose on Wednesday after the company issued conclusions from its portfolio review.

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27 Sep 2022 13:09

IN BRIEF: Guild Esports renegotiates agreement with David Beckham

Guild Esports PLC - London-based e-sports company - Says it has renegotiated a five-year agreement with Footwork Productions Ltd, controlled by David Beckham, to reduce Guild's minimum payment obligations by GBP7.5 million over the next two years. Under the agreement, the footballer acted as a brand ambassador for Guild in return for 15% of all merchandising and sponsorship revenue over the course of five years. The agreement had a minimum guaranteed fee of GBP15.3 million.

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26 Sep 2022 12:32

Guild Esports shares rocket on global sponsorship deal with Sky

(Alliance News) - Guild Esports PLC on Monday announced that it has signed a three-year global sponsorship agreement with Sky UK Ltd.

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16 Sep 2022 10:53

IN BRIEF: Blue Star Capital appoints former CEO as executive chair

Blue Star Capital PLC - Sussex-based investment company focused on e-sports, payments and technology - Says that Chief Executive Officer Derek Law is stepping down from the board to focus on his other directorships. Tony Fabrizi, the company's former chief executive officer, will rejoin the board as executive chair with immediate effect. Fabrizi was chief executive from July 2012 until his resignation in February 2021. After that, Fabrizi was "heavily involved" in Fruitlab Media Ltd, a gaming business, Blue Star explains.

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30 Jun 2022 10:52

EARNINGS UPDATES: SDCL plans dividend hike; Chrysalis hit by tech woes

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Apr 2022 22:13

TRADING UPDATES: AVI Japan outperforms; Crossword annual revenue grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Apr 2022 21:31

IN BRIEF: Blue Star investee wins three multi-year partnerships

Blue Star Capital PLC - investment company focused on e-sports, payments and technology - Says investee Dynasty Gaming & Media Pte Ltd has secured three additional multi-year partnership agreements with unnamed "large-scale organisations" in Malaysia, New Zealand and India. The new partnership agreements contain both fixed licence fees and managed services revenue share, Blue Star explains. Blue Star expects that revenue share will contribute more than 85% of its overall revenue mix within the next 12 months.

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