Business
Interim Results for the six months ended 31 March
Interim Results for the six months ended 31 March.
About this update from Blue Star Capital Plc
[{"type":"text","content":"\n \nRNS Number : 6885K Blue Star Capital plc 27 June 2014 \n \n\n27 June 2014\n \nBlue Star Capital plc\n \nInterim Results for the six months ended 31 March 2014\n \nBlue Star Capital plc (AIM: BLU), the investment company with a focus on technology and its applications within media and gaming, is pleased to announce its interim results for the six months ended 31 March 2014.\n \nHighlights:\n§ Profit for the period of £378,867 (2013: loss of £253,431)\n§ Net assets increased by 217% to £1,646,555 (30 September 2013: £519,241).\n \nPost period highlights: \n§ OAK has signed agreements with RHF Productions Ltd, Playboy TV Europe and The Anfield Wrap.\n§ Company raised £150,000 by way of a subscription of 27,272,727 Ordinary Shares\n \nGraham Parr, Chairman of Blue Star Capital plc, commented:\n\"Having successfully raised sufficient equity to fully repay and convert the shareholder loan which stood at over £600k at the Company's year end, brought in new management, and developed a solid investment strategy, the Board believes that significant progress has been made in the period. With the Company in a much stronger position, the Board will continue to drive the current portfolio whilst appraising further investments as appropriate.\n \nThe work that management has undertaken in the period and beyond has laid the foundations for driving shareholder value and, with a clear strategy in place, we look forward to the coming period with optimism.\"\n \n\n\n\n\nFor further information:\n\n\n\n\n\n\n\nBlue Star Capital plc\nTony Fabrizi\nGraham Parr\n\n\nVia Redleaf Polhill\n\n\n\n\n\n\n\n\n\n\n\n\nDaniel Stewart & Company plc \n(Nominated Adviser & Broker)\nDavid Hart \nMartin Lampshire\n\n\n020 7776 6550\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Polhill\nRebecca Sanders-Hewett \nDavid Ison\n\n\[email protected]\n020 7382 4730\n\n\n\n\n \n \nNotes to Editors:\n \n§ Blue Star Capital plc is the investment company with a focus on technology and its applications within media and gaming\n§ Investments include:\n- OAK Media Limited: OAK intends to become an aggregator of the best gaming technologies and to provide the best avai...