Blue Star Capital PLC - investor in e-sports, gaming and blockchain companies - Pretax loss widens to £1.2 million in six months ended March 31 from £996,806 a year before, partly due to a loss on disposable investments of £81,491. Blue Star Capital’s operating loss increases to £1.2 million from £1.0 million. Net assets fall to £10.5 million as of March 31 from £11.7 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.
SatoshiPay is a cyptocurrency micropayments provider focused on building the Pendulum Network Project it established in June 2021.
‘The board remains focussed on supporting its current portfolio businesses with the objective of establishing up to data market values in the second half of 2023. The company’s two principal investments continue to achieve significant operational milestones and the board remains confident that the portfolio retains significant potential,’ says Blue Star Capital Executive Chair Tony Fabrizi.
Current stock price: 0.14 pence, down 7.1%
12-month change: down 40%
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