The good things come to those who wait. Better-than-expected interim results earlier this month, strong cash flow and – best of all – a maiden dividend all suggest that the investment case for Gamesys, the online gaming operator, is coming together nicely and that there could be further gains to come. […]
gamble
MPs to investigate $500m ‘gamble’ to acquire bankrupt satellite firm OneWeb
In a letter on June 26 to Mr Sharma, Mr Beckett said while the UK could make around a 20pc return on the deal, there were “significant downside risks, including that venture capital investments of this sort can fail, with the consequence that all the value of the equity can […]
OneWeb is an exciting but risky gamble for taxpayers
Meanwhile, Elon Musk is pressing ahead with Starlink, the satellite broadband arm of SpaceX, which has the advantage of its own successful rocket-launching business. OneWeb intended to use Sir Richard Branson’s Virgin Orbit satellite-launching service, but it remains under development and the cancelled contract ended up in court. The few […]