News blog
Blue Star Capital
- BY: Andrew Hore |
- POSTED: 03/11/2014 |
Investment company Blue Star Capital has a small interest in mobile gaming firm Nektan which joined AIM today.
Nektan ended the day at 236p a share, which is the same as the placing price a which Nektan raised £3.6m.
Blue Star owns 2.15% of DTL which has a subsidiary called Disruptive Tech Nektan Holdings that owns 12.95% of Nektan plus additional options or convertibles.
This means that the current Blue Star stake in Nektan is valued at £139,000.
However, the Blue Star share price fell by 0.13p to 0.45p, which values the company at £2.12m. Blue Star recently raised £225,000 at 0.55p a share.
Gibraltar-based Nektan is loss-making and is currently dependent on a limited number of customers. Two customers generated 73% of 2013-14 revenues of £1.87m. Nektan plans to break into the US market, initially via a joint venture.
Blue Star has other stakes in gaming business intends to invest in others with an ultimate strategy of building up its own business in this area.
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