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Blue Star Capital swings to profit, boosted by SatoshiPay valuation

By BFN News | 02:30 PM | Tuesday 05 March, 2019

Investment company Blue Star Capital swung to a £1.5m annual profit, compared to a £0.2m loss on-year. Net assets for the year through September rose to £5.5m, up from £3.5m, equating to a 43% rise in net asset value per share to 0.21p. Blue Star failed in an attempt to acquire all of payment system provider SatoshiPay, though it said the process contributed to the company raising almost £1.7m in private funding in 2019. The valuation achieved by SatoshiPay on the raises was significantly above Blue Star's acquisition costs, resulting in a strong uplift in both net assets and profits, Blue Star said. At 2:30pm: (LON:BLU) Blue Star Capital PLC share price was -0.02p at 0.14p Story provided by

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