RE: Time to monetise ALL holdings, if a buyer can be found.1 Aug 2023 07:31
No LTH is happy with how this looks like turning out.
two things we should not forget
1...TF is not salaried, he came back to see the job finished after the disaster that was Del boy Lew, so fair play to him.
2.. BLU has enough cash and non core assets to see Spay sold and Dynasty to IPO etc.
its an asset play now, nothing more , nothing less .
anyone thinking Spay is still going to be a unicorn or a major player, should check themselves into rehab without delay.
shareholders should consider ourselves lucky if we get 0.2 for Spay = Β£10m as they have flattered to deceive every year of BLU investment.
so to Dynasty , this is where the market will move on the news we are ONCE AGAIN expecting from Dynasty.
will they IPO , will they sell , i dont give a rats a$$, as long as they do one or the other this Year.
approx 0.6 was the distribution phase for Blue Star back in Jan 22, with hindsight, LTH should have been out then.
ill be very happy to get 0.5, happy to get 0.4, disappointed but relieved to get 0.3.
its been a total sh5t show, the investment game sometimes leads down these roads, BLU had a lot of promise , delays and failure to launch (IPO) were the roadblocks.