2023-06-28 10:52:08
Blue Star Capital PLC – investor in esports, games and blockchain companies – Pre-tax loss widens to £1.2m in the six months to March 31 from £996,806 a year earlier, partly due to a loss on disposable investments of £81,491. Blue Star Capital’s operating loss rises from £1.0m to £1.2m. Net assets fall to £10.5m as of March 31 from £11.7m a year earlier as the company says the formal process of selling its stake in SatoshiPay Ltd is expected to be completed by the end of 2023. The net asset value per share was 0.2 pence at March 31.
SatoshiPay is a cyptocurrency micropayment provider focused on building the Pendulum network project it established in June 2021.
“The board remains focused on supporting its current portfolio businesses with the objective of establishing market values through data in the second half of 2023. The company’s two major investments continue to break through significant operational milestones and the Board of Directors remains confident that the portfolio retains significant potential,” said Tony Fabrizi, Executive Chairman of Blue Star Capital.
Current share price: 0.14p, down 7.1%.
12-month change: down 40
By Will Neill, Alliance News reporter
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