Blue Star Capital (BLU)

Sector:

Financials

Index:

FTSE AIM All-Share

0.16p
   
  • Change Today:
      0.005p
  • 52 Week High: 0.26
  • 52 Week Low: 0.13
  • Currency: UK Pounds
  • Shares Issued: 4,992.77m
  • Volume: 29,696,045
  • Market Cap: £7.99m
  • RiskGrade: 560

Blue Star upbeat on merger plans of its esports investment

By Josh White

Date: Monday 03 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Esports-technology focussed investment company Blue Star Capital updated the market on its investee company Diemens Esports, formerly known as The Cubs Esports, on Monday.
The AIM-traded firm confirmed that Diemens was intending to merge with Critical Hit Entertainment (CHE).

It said it was advised that the merged entity, which would continue to trade under the name CHE, was expected to be one of the largest esport service infrastructure providers in Australia, with combined revenue for 2019 of AUD 0.6m (£0.31m).

CHE would own the largest high school and university student, corporate and club level organised esports networks in Australia, Blue Star said.

It added that CHE intended to continue to develop its esports infrastructure product in Australia, and was planning to raise funds to expand into developing countries in Asia.

Blue Star acquired an interest of 13.3% in Diemens on 6 November, and would have an interest of around 6.6% of the merged entity immediately following the merger.

"This is an exciting development for Diemens and should provide the company with a strong platform to aggressively pursue its Asian expansion plans," said Blue Star Capital chief executive officer Tony Fabrizi.

At 1349 GMT, shares in Blue Star Capital were up 14.62% at 0.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BLU Market Data

Currency UK Pounds
Share Price 0.16p
Change Today 0.005p
% Change -3.03 %
52 Week High 0.26
52 Week Low 0.13
Volume 29,696,045
Shares Issued 4,992.77m
Market Cap £7.99m
RiskGrade 560

BLU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.43% above the market average73.43% above the market average73.43% above the market average73.43% above the market average73.43% above the market average
75.57% above the sector average75.57% above the sector average75.57% above the sector average75.57% above the sector average75.57% above the sector average
Price Trend
66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average
69.66% below the sector average69.66% below the sector average69.66% below the sector average69.66% below the sector average69.66% below the sector average
Income Not Available
Growth Not Available

BLU Dividends

No dividends found

Trades for 18-Jun-2021

Time Volume / Share Price
15:54 14,014 @ 0.16p
15:52 5,000,000 @ 0.15p
15:29 386,597 @ 0.15p
15:21 25,000 @ 0.16p
14:56 2,500,000 @ 0.15p

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