Share Prices & Company Research

Market News

23 Jun 2020 | 14:26

Blue Star Capital shares up on record revenue for Leaf Mobile

(Sharecast News) - Blue Star Capital shares were in positive territory on Tuesday, after an update on its investee company Leaf Mobile. The AIM-traded firm said the TSXV-listed Leaf has reported a "significant rise" in turnover from its mobile gaming portfolio for the first quarter, to CAD 5.6m (£3.32m) - an increase of more than 420% year-on-year.

Revenue growth was put down to the success of Leaf's new mobile games, and stable revenue from its portfolio of legacy games.

The first quarter of 2020 represented the best first quarter in Leaf's trading history, the board said.

Blue Star made its investment in Leaf in April at a price of 16 Canadian cents per share, while the share price was currently trading at around 37 cents per share.

"We are pleased to see Leaf performing strongly and the successful launch of Leaf's new game, Cheech and Chong Bud Farm," said chief executive officer Tony Fabrizi.

At 1350 BST, shares in Blue Star Capital were up 7.03% at 0.2p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 23rd October 2020
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.