Blue Star Capital initiation
Blue Star Capital (LON:BLU) is an investment company with a focus on new technologies and on companies with the potential for growth. The company currently has three core assets that operate in the markets for electronic payments and e-sports.
SatoshiPay is a digital payments company that uses blockchain to offer payment services in three areas – micro-payments, digital wallets, and business-to-business (B2B) cross-border payments. SatoshiPay has established an initial base of customer relationships, and the value of Blue Star’s holding has increased more than 3x since it was acquired in 2017.
Sthaler is a digital payments company that offers a unique proprietary biometric ID system. The company has established an initial commercial user base and is now working with a strong pipeline of opportunities to expand into mass usage. The value of the Blue Star holding in Sthaler has increased by a factor of 6x since it was acquired in 2015.
The e-sports portfolio consists of six companies that operate in different specialisms and different geographies in the market for e-sports – one of the fastest-growing entertainment sectors in recent years. The stakes were only acquired by Blue Star in November 2019, but two of the investees have already announced corporate actions that could lead to significant valuation uplifts.
Recent news and catalysts ahead:
Blue Star released its full-year 2019 results on 5 March, confirming a sound position with no debt and no increase in administrative costs. During the remainder of 2020 there are a number of potential catalysts for further valuation uplifts within the portfolio, including anticipated funding rounds for SatoshiPay, Sthaler, and further corporate transactions within the e-sports portfolio.
Quick facts: Blue Star Capital PLC
Price: 0.195 GBX
Market Cap: £7.9 m
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