RE: Top up done :)28 Mar 2022 21:42
There will be a need to raise funds in the not too distant future imo. You only have to look at the cash balance at year end and the company overhead costs to see that additional funds, from whatever source, will be needed. It is alluded to in the Financial Statements, extract below. My concern, and the reason i sold the shares purchased at 0.25p in the in the snap sale last week to derisk/bag a nice profit, is the price/level of discount of any placing. Long term prospects and outlook remain positive imo
'It will be necessary to raise additional funds in the future by a further issue of new Ordinary shares or by other means. However, the ability to fund future investments and overheads in Blue Star Capital Plc as well as the ability of investments to return suitable profit cannot be guaranteed, particularly in the current economic climate.'