Announcement • Jun 19
Blue Star Capital plc has completed a Follow-on Equity Offering in the amount of £0.25 million. Blue Star Capital plc has completed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,571,429
Price\Range: £0.07 New Risk • Feb 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.11m market cap, or US$6.98m). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). New Risk • Jan 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.23m market cap, or US$7.01m). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • Nov 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.30m market cap, or US$8.30m). New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.37m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (56% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.37m market cap, or US$9.91m). Announcement • Jul 04
Blue Star Capital plc has completed a Follow-on Equity Offering in the amount of £1.15 million. Blue Star Capital plc has completed a Follow-on Equity Offering in the amount of £1.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,388,889
Price\Range: £0.18
Transaction Features: Subsequent Direct Listing Announcement • Jun 26
Blue Star Capital plc (AIM:BLU) entered into agreement to acquire an additional 22% stake in SatoshiPay Ltd. from Meinhard Benn and Danny Masters for £0.72 million. Blue Star Capital plc (AIM:BLU) entered into agreement to acquire an additional 22% stake in SatoshiPay Ltd. from Meinhard Benn and Danny Masters for £0.72 million on June 26, 2025. Upon completion, Blue Star Capital plc will own 50% stake in SatoshiPay Ltd. As part of transaction Blue Star Capital plc will issue 4,500 shares.
Cairn Financial Advisers LLP acted as financial advisor for Blue Star Capital plc. New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£149k free cash flow). Share price has been highly volatile over the past 3 months (68% average weekly change). Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.77m market cap, or US$2.27m). Announcement • Mar 28
Blue Star Capital plc, Annual General Meeting, Apr 25, 2025 Blue Star Capital plc, Annual General Meeting, Apr 25, 2025. Location: the offices of cairn financial advisers llp, 80 cheapside, 3rd floor, ec2v 6ee, london United Kingdom New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.55m market cap, or US$3.18m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Jan 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£636.6k market cap, or US$777.2k). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). New Risk • Jun 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£232k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£232k free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.53m market cap, or US$1.93m). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Announcement • Mar 21
Blue Star Capital plc, Annual General Meeting, Apr 17, 2024 Blue Star Capital plc, Annual General Meeting, Apr 17, 2024, at 09:30 Coordinated Universal Time. Location: offices of Cairn Financial Advisers LLP, 80 Cheapside 3rd Floor, EC2V 6EE London United Kingdom Agenda: To consider to re-appoint Adler Shine LLP as auditor; and to consider other business issues. Announcement • Mar 14
Dynasty Esports Pte. Ltd. agreed to acquire Googly esports PLC from Blue Star Capital plc (AIM:BLU) and others for approximately $7.6 million. Dynasty Esports Pte. Ltd. agreed to acquire Googly esports PLC from Blue Star Capital plc (AIM:BLU) and others for approximately $7.6 million on March 12, 2024. The closing is expected before 30 April 2024. Announcement • Oct 10
Blue Star Capital plc Announces the Stepping Down of Brian Rowbotham as Director Blue Star Capital plc announced that Brian Rowbotham, a director of the Company, has stepped down from the board of the Company with immediate effect due to reasons of health. New Risk • Jun 29
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.24m market cap, or US$9.13m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Chairman Tony Fabrizi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 16
Blue Star Capital plc Announces Directorate Changes Blue Star Capital plc announced that Derek Lew is stepping down from the board of the company to focus on his other directoratehships. As a result of his knowledge of the company and its assets, Tony Fabrizi, the company's former CEO, will rejoin the board of Blue Star as Executive Chairman. These directorate changes will occur with immediate effect. Tony Fabrizi qualified as a chartered accountant with KPMG before working in corporate finance at HSBC Investment Bank. He later established Ghaliston Limited as a corporate finance advisory business. Ghaliston acquired Merchant Securities Limited, a private client stockbroking business and the enlarged company listed on AIM in November 2006. Tony resigned as CEO of that company in June 2008. Over the last ten years Tony has advised a number of private companies as well as taking on the role of CEO Of Blue Star in July 2012 until his resignation in February 2021. In the interim period, Tony has been heavly involved in Fruitlab Media a gaming business with its own token, the PIP. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Company Secretary & Non-Executive Director Brian Rowbowtham was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Feb 10
CEO & Director Anthony Fransisco Fabrizi has left the company On the 9th of February, Anthony Fransisco Fabrizi's tenure as CEO & Director of the company ended after 8.6 years in the role. Anthony Fransisco personally held 62.00m shares (UK£136k worth) as of September 2020. This is 1.4% of the company. Anthony Fransisco is the only executive to leave the company over the last 12 months. Under Anthony Fransisco's leadership, the company delivered a total shareholder return of -75%. 
