# Blue Star Capital plc Net assets up 31%

- Link: https://www.directorstalkinterviews.com/blue-star-capital-plc-net-assets-31/412730284
- Published: 2017-06-14T07:16:49+01:00
- Author: Giles Arbor

**Blue Star Capital plc** (LON: BLU), the investing company with a focus on technology
and its applications within media and gaming, has today announced its interim results
for the six months ended 31 March 2017.

**Highlights during the period**

· Net assets increased 31% to £2,302,330 (30 September 2016: £1,757,165).

· Loss for the period of £114,585 (2016: loss of £67,586).

· £554,274 investment in SatoshiPay to achieve a 10.68% shareholding following a
fundraise by Blue Star to raise £0.7 million.

**Post period highlights:**

· Further investment in SatoshiPay to take Blue Star’s shareholding to 19%. 268,213,880
new Blue Star ordinary shares issued as consideration for the investment

· Significant uplift in value of Sthaler from £108,700 at 31 March 2017 to £227,000
based on Sthaler’s recent fundraise.

· Fundraise for general working capital to raise £0.20 million.

> **Tony Fabrizi, CEO of Blue Star Capital plc, commented:** “We are pleased with
> the development of our current portfolio with recent increases in the value of
> our holding in Sthaler and positive progress at VNU (an investee company of DTL)
> together with the exciting addition of our investments in SatoshiPay. The Board
> is confident that the current portfolio has the potential for a significant improvement
> in net asset value and will continue to monitor corporate opportunities to enhance
> shareholder value.”

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