CSE:URB - Post Discussion
Post by
fishowl on Oct 24, 2023 11:24am
October Management Update
The October 20, 2023 3rd quarter Management Update provides additional information on the Blue Ocean value.
https://www.urbanacorp.com/ndgcnt/uploads/2023/10/Q3-2023-URB-Management-Update.pdf The major winner for Urbana in the third quarter was Blue Ocean Technologies, LLC (“Blue Ocean”) with a $44 million pre-tax increase in value resulting from RobinHood Markets, Inc., and the Tokyo Stock Exchange investing in the company at a significantly higher valuation than our original cost.
Blue Ocean is an overnight trading platform for American securities for Asian traders,both retail and institutional. After hours trading is alsocoming from American traders active in after-hours markets.
The combination has resulted in significant trading volume increases in the past few months. Blue Ocean is scalable and can provide a basis for significant future growth.
The bottom line is that after-tax net assets per share for Urbana grew by18.1% in Q3and 19.3% year to date.
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