We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBlue Star Share News (BLU)

Share Price Information for Blue Star (BLU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0325
Bid: 0.03
Ask: 0.035
Change: 0.00 (0.00%)
Spread: 0.005 (16.667%)
Open: 0.0325
High: 0.0325
Low: 0.0325
Prev. Close: 0.0325
BLU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Blue Star Capital invests in French start-up Formation Esports

Wed, 23rd Sep 2020 08:54

(Sharecast News) - Technology investment company Blue Star Capital has invested €0.125m (£0.12m) in Formation Esports, it announced on Wednesday.

The AIM-traded firm said Formation was recently incorporated in France with the support of the 'Uniqorn' incubator-accelerator, to focus on esport opportunities within contact sports.

It said the purpose of the fundraise was to provide Formation with funds to launch a dedicated esports platform, aimed at providing contact sports clubs with revenue and sponsorship generating opportunities and increased exposure.

The board of Formation estimated that contact sports, most notably rugby, had a global fan base of more than three billion people, however had received little attention from the esports sector.

It was Formation;s intention to cover the "entire spectrum" of contact sports fans and clubs, and additionally to launch its own academy with physical workshops across France and Europe.

Among other initiatives, Blue Star said Formation was in the process of finalising a relationship with Betway Africa's virtual sports platform, and had built a platform to engage and convert those customers.

Under the terms of the investment, Blue Star subscribed for 12,500,000 new shares, representing a holding of 9.6% of Formation.

The company said it participated alongside other investors, and was provided with limited warranties and granted certain information and anti-dilution rights.

"We are pleased to invest in Formation esports, which continues our investment focus on esports," said chief executive officer Tony Fabrizi.

"As with our other esports investments, we have managed to secure a sizable stake in an early stage business where we see considerable potential.

"Our existing portfolio continues to make strong progress and we look forward to updating the market with further news as the year progresses."

At 0839 BST, shares in Blue Star Capital were up 1.19% at 0.21p.
More News
10 Apr 2024 15:09

UK shareholder meetings calendar - next 7 days

Thursday 11 April 
AstraZeneca PLCAGM
Friday 12 April 
SigmaRoc PLCAGM
Monday 15 April 
C4X Discovery Holdings PLCGM re re-registering as private limited company
i3 Energy PLCGM re proposed capital reduction
Molecular Energies PLCGM re delisting
Vanquis Banking Group PLCAGM
Tuesday 16 April 
Everyman Media Group PLCAGM
Ethernity Networks LtdGM
Hydro Hotel Eastbourne PLCAGM
Nexteq PLCAGM
Nexus Infrastructure PLCGM re final dividend, reappointment of auditors
Porvair PLCAGM 
Tullow Oil PLCAGM
Wednesday 17 April 
Blue Star Capital PLCAGM
Hunting PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
28 Mar 2024 14:14

TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment

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

Read more
21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

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

Read more
21 Mar 2024 10:43

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

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

Read more
13 Mar 2024 15:24

IN BRIEF: Blue Star Capital Dynasty carrying value drops significantly

Blue Star Capital PLC - London-based investment company focused on the esports and new technologies sectors - Says its investment in Dynasty Gaming & Media Pte Ltd, in which it holds a 13% stake, has lost a significant amount of carrying value amid Dynasty's ongoing acquisition of Googly Media Holdings Pte Ltd. In November, Dynasty, a Singapore-based gaming platform provider, entered into an agreement to acquire the assets of Googly for around USD7.6 million, which valued the entire entity at USD15 million. The deal is expected to conclude by April 30. Following completion, based on a combined entity valuation, Blue Star says its holdings in Dynasty and its 0.6% stake in Googly will be valued at GBP450,000, significantly below its previous calculation of around GBP5.5 million.

Read more
19 Jan 2024 19:37

IN BRIEF: Blue Star Capital expects placing proceeds by end January

Blue Star Capital PLC - Crawley, England-based, investor in e-sports, gaming and blockchain sector - Advises that, further to its announcement of January 17, the proceeds of its GBP100,000 placing are expected to be received on or around January 31. Accordingly, the admission of the placing shares to trading on AIM will now occur on or around the same date.

Read more
17 Jan 2024 18:13

IN BRIEF: Blue Star Capital raises GBP100,000 via new shares placing

Blue Star Capital PLC - Raises GBP100,000 via a placing of 100.0 million new shares at a price of 0.1 pence each, representing 2.0% of enlarged share capital. Says proceeds will be used for working capital purposes and will provide the company with working capital headroom until September. This is in line with its forecasted monthly cash burn rate and the anticipated disposal of the company's shareholding in SatoshiPay. Admission of new shares to trading on AIM is expected to occur on or around Monday next week.

Read more
16 Jan 2024 11:21

Blue Star shares soar on Dynasty and SatoshiPay updates

(Alliance News) - Blue Star Capital PLC on Tuesday said its investee Dynasty Gaming & Media Pte Ltd has partnered with Vera Media Group to 'soft-launch' its new platform Lightning Dragon.

Read more
27 Nov 2023 12:06

Blue Star Capital celebrates as Dynasty gets closer to breakeven

(Alliance News) - Blue Star Capital PLC shares rose on Monday after it announced that investee Dynasty Gaming & Media Pte Ltd recently completed a USD3 million fundraise, and announced a potential merger with Googly Media Pte Ltd.

Read more
15 Nov 2023 13:05

TRADING UPDATES: BiVictriX patent boost; 4Global deal extended

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

Read more
9 Aug 2023 16:47

Blue Star Capital's Googly inks cricket e-sports deal

(Sharecast News) - Technology, media and gaming investor Blue Star Capital announced a collaboration between its investee company Googly Media Holdings and the Caribbean Premier League (CPL) on Wednesday, forging an agreement to create the E-sports Caribbean Premier League (ECPL).

Read more
9 Aug 2023 11:51

Blue Star investee to help launch e-sports cricket league in Caribbean

(Alliance News) - Blue Star Capital PLC on Wednesday said its investee company Googly Media Holdings PTE Ltd signed an agreement with the Caribbean Premier League to launch the cricket E-sports Caribbean Premier League.

Read more
28 Jun 2023 11:51

IN BRIEF: Blue Star Capital interim loss widens and net assets fall

Blue Star Capital PLC - investor in e-sports, gaming and blockchain companies - Pretax loss widens to GBP1.2 million in six months ended March 31 from GBP996,806 a year before, partly due to a loss on disposable investments of GBP81,491. Blue Star Capital's operating loss increases to GBP1.2 million from GBP1.0 million. Net assets fall to GBP10.5 million as of March 31 from GBP11.7 million a year before, with the company affirming that the formal sales process of its stake in SatoshiPay Ltd is expected to be completed by the end of 2023. NAV per share was 0.2 pence on March 31.

Read more
1 Jun 2023 13:36

IN BRIEF: Blue Star announces new Pendulum blockchain bridge release

Blue Star Capital PLC - Crawley, England-based investment company focused on e-sports, payments and technology - Notes announcement by Pendulum that its Spacewalk 'blockchain bridge' is now live on SatoshiPay's Amplitude network. Pendulum was incubated by SatoshiPay, a Berlin-based instant payment company in which Blue Star owns a 27.9% stake. Spacewalk is a decentralised 'bridge' connecting blockchain networks Stellar and Polkadot. Blue Star says Pendulum intends to advance foreign exchange trading into the blockchain sector and hopes that Spacewalk will provide the stablecoin liquidity needed. In the future it hopes to extend Spacewalk to other blockchain networks like Cosmos and Ethereum.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.