Blue Star Capital swings to loss in 2015

4th Mar 2016 16:30

(ShareCast News) - Blue Star Capital sank to a loss in the year to September 2015, having invested in a number of portfolio assets during over the last 12 months.The AIM-traded technology and gaming investment firm reported losses for the period of £106,370, compared with profits of £276,833 in 2014.Blue Star's net assets increased during the period by 5.98%, to £1.88m. Its net asset value per share on 30 September was 0.4p, in line with the prior yrar."The last financial year has been one of consolidation for Blue Star as the Board endeavours to build the company's NAV with limited resources," chairman Graham Parr said."As previously reported, the company now has a clear strategy for investment into technology businesses, whether pure technology or technology-led gaming and media businesses," he added.At year-end, Blue Star's portfolio consisted of Oak Media, Disruptive Tech, Vigilant Applications and Sthaler.