Member Info for PensionDeficit

in a news desert this is well worth readinng
https://www.afr.com/technology/asx-hopeful-dynasty-gaming-and-media-inks-deal-with-let-splay-live-20230425-p5d33k

Beyond Meat= plant-based meat substitutes

ANIC does not invest in plant based meat substitutes.

ANIC= cell cultured meat + cell cultured fish+ cell cultured leather plus a whole host of other innovative fermentation products concerning proteins and palm oil. ANIC even has an investment in Solar Foods who make protein from thin air.

I don't think your comparing like with like.

PD

perhaps ANIC is moving into mammoth meatball production

https://news.sky.com/story/woolly-mammoth-meatball-would-you-eat-one-12844004

perhaps its a smoke signal suggesting we've reached the bottom.

He called the peak spot on when ANIC raised funds.

PD

So it looks like we have Pendulum initiatives in Africa, Europe and South America via Brazil - just Asia/Australia/NZ to go.

Genuinely looks like things are moving on speedily.

PD

Agricore,

could you highlight where you obtained the MOIC multiples?

PD

Today's FT has a review of Harl leading with the headline 'Belfast shipyard that built the Titanic prepares for relaunch'.

So HBE will cover the costs.

If only we had an idea what business/s MH plans to acquire and in what sector?

PD

I'm sure if ANIC felt it worthwhile it could build a stake in BSF Enterprices using some of its £30m cash pile.

BSF's market cap is around £18m.

PD

However, Googley are still listed as a portfolio company on Blu's website:

https://bluestarcapital.co.uk/portfolio/

According to the RNS on 14 Oct 2019 Blue Star invested £150,000 in Googly Esports plc representing 11.1% of its issued share capital. I'm not sure if there has been any subsequent changes.

PD

Majority of content the same but Dynasty's website has been given a visual overhaul.

Others may spot other changes.

https://www.dynasty-esports.com/

PD

looks like the announcement could be Pendulum new branding

https://www.bbc.co.uk/news/business-63565576

The Doc says 'Allan Ranking is a well connected investor based in Gibraltar

Questor Trust Bargains by Richard Evans in the Daily Telegraph - suggests share price is at a 90% discount under one metric.

Based on Blu's current £8m valuation and its shareholding in Dynasty at 13.7%, Dynasty's market cap would need to to be around £58m for Blu's shareholding to be equal to its £8m market cap. The report below also flags up that the median multiple to use in valuation calculations is 3.4 x revenue. Therefore Dynasty would need to achieve a revenue of £17m (£58m/3.4) to acheive this vaulation.

The report can be found here and does anybody have an inkling to what Dynasty's current and future revenue could be?

https://finerva.com/report/video-games-e-sports-2022-valuation-multiples/

PD

worth a read
https://www.bbc.co.uk/news/business-62760354

Today's Sunday Times has a very good review of the Verne data centre in Iceland and how it plans to link up with underseas cables etc to help create an international data motorway powered by renewable energy. Well worth a read to help put D19's overall strategy in context.

https://www.globenewswire.com/news-release/2022/10/13/2533503/0/en/Pioneer-Signs-Game-Publishing-Agreement-With-Dynasty-Gaming-Media-Targeting-Asian-Telco-Market.html