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Blur Group Share Price - BLUR

Share Name Share Symbol Market Type Share ISIN Share Description
Blur Group LSE:BLUR London Ordinary Share GB00B8DX2616 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50 +7.14% 22.50 21.00 24.00 22.50 21.00 21.00 468,823 14:01:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Software & Computer Services 2.9 -3.9 -13.9 - 10.60

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DateSubject
21/9/2013
09:13
hillfoot7: Yump,you popped in to have a look and give it a slating at the end of July,Blur share price 2.00.Another look in this week,share price 4.50.Good call!
21/7/2015
12:31
haydock: Up in lights on ADVFN : blur Group Shares Soar as Big Customers Sign Up Share On Facebook Print Alert Blur (LSE:BLUR) Intraday Stock Chart Today : Tuesday 21 July 2015 Click Here for more Blur Charts. By Rory Gallivan LONDON--Shares in blur Group PLC (BLUR.LN) soared Tuesday after the online services exchange platform said its service that targets businesses with 50 or more employees is getting more customers, including large firms such as consumer goods supplier Unilever PLC. blur, whose aim is to be an "Amazon or Ebay for businesses" with an exchange offering services such as design and accountancy, said it is also winning repeat business from clients such as the French food group Danone SA. "Our platform is, more than ever, ready to service the business needs of the larger enterprise organization," said Chief Executive Philip Letts. blur launched on the London Stock Exchange in 2012 and became a darling of the U.K. tech scene after its share price soared. But its shares sank following a series of revenue warnings and remain well short of previous highs. Shares at 1013 GMT, up 5 pence, or 22.5%, at 30 pence valuing the company at 14.1 million pounds ($22 million). Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan Subscribe to WSJ: http://online.wsj.com?mod=djnwires
26/8/2014
10:21
j777j: GECR buy note on Blur Full report htTP://static.squarespace.com/static/5371fb22e4b0a7ee8e9a6c3e/t/53f5f52ee4b0c49dae131837/1408628014063/blur21082014.pdf blur Group: The World's Leading Exchange For Business Services blur Group is an early-stage technology company that owns and operates a leading online exchange for buying and selling business services. Used by some of the world's biggest companies, the platform offers unparalleled benefits, including significantly shortening project cycles and lowering execution costs. We expect blur Group to see considerable growth, particularly given the significant size of its addressable market - driven by the expected ongoing global shift towards ecommerce - the lack of competition, the high barriers to entry and its ever growing market position. Accordingly, with the shares taking a recent hit, due to the change in its revenue recognition policy, and the group stepping up its marketing efforts, we feel now presents an attractive entry point and we initiate coverage with a recommendation of buy and target price of 117.96p. The World's Leading Business Services Exchange The Global Services Exchange provides corporate buyers access to the largest pool of business services suppliers via an online platform that is simple and easy-to-use, transparent, accessible and secure. Essentially, it is to business services what Amazon and ebay are to consumer goods. Significant Addressable Market Using economic data and data from listed companies, we estimate that the global business services e-commerce market size was worth $150bn in 2011. Assuming that the global business services sector grows at a similar rate as world GDP growth and global business services e-commerce sales as a proportion of total sales grows by just 100 basis points a year, we extrapolate the 2011 addressable market figure and estimate blur's addressable market reached $265bn by 2013, and will grow to $641bn by 2018. First Mover Advantage We believe that there is no other online exchange for buying and selling business services, allowing blur to benefit from first mover advantage. Furthermore, given the high number of buyers and suppliers required for an effective exchange, we believe the barriers to entry are high. Attractive Valuation Using the FCF as our preferred valuation method, we have derived a target value of $94.14m (£55.56m) or 117.96p per share, which suggests upside to the current share price of 84%. We feel that the assumptions used are conservative, particularly given that we have assumed that the ecommerce share of the market remains at just 3%, blur's share of the market only reaches 1% and given that we have used a high discount rate of 20%. In addition, taking the average EV/Sales of similar, but mature, e-commerce companies of 2.2x, we have derived a valuation of $88.99m (£52.51m) or 111.50p. Table: Financial overview Year to 31st Dec. 2012A 2013A 2014E 2015E Revenue ($`000) 2,807 4,779 16,955 35,474 Gross profit ($`000) 728 1,165 4,133 8,646 EBITDA *($`000) (1,818) (6,371) (7,171) (3,787) EPS* (cents) (8.8) (23.1) (20.9) (10.9) Net (debt)/cash ($`000) 4,453 9,562 20,682 14,041 Source: GECR and company Target price 117.96p Key data Share Price 64.00p 52 week high/low 780.85p / 59.50p Primary exchange AIM EPIC BLUR Shares in issue 47.09m Market Cap £30.14m Sector Software & Computer Services
13/4/2015
09:19
hamidahamida: So why aren't N+ on their investor page then.Fact is the share price is on a downward spiral every 6 months they are coming out with profit warnings so far 4 and counting. Most of the past revenue will be written off now,aggressive accounting springs to mind.Big Uncertainty surrounds the share price and investors hate uncertainty Letts has created a big hole even he doesn't know how big this write-off hole is, profit warnings seems to be on going 6 monthly problem Management don't know what write-off so many aggressive accounting skeletons, massive creditability issue, big uncertainty, investigation by the financial authorities With all this uncertainty share price could end up near 15p
22/9/2014
10:42
j777j: 4% of the co has changed hands in the last couple of days. Also this from Citywire this morning 6 shares the pros are buying and selling Costar bags more Blur There’s no other way but up for battered Blur Group (BLUR), JO Hambro’s Mark Costar has decided. Costar has bought another 55,000 shares in Blur, worth around £46,300, to take his total stake to 5.2 million shares. That means he now owns 11% of the firm. Costar focuses on cheap companies, and Blur is certainly going for a song too: its share price has crashed 86% so far this year. The universal fear about Blur is that its business model – it offers an online marketplace to tender for projects from accountancy to app design – isn’t profitable. Indeed, for the past five years Blur has lost money. However, stereotypes about dotcom businesses can be deceiving and Blur recently confirmed that the value of its project bookings for the first half of 2014 had leapt by more than 200% from last year. Citywire AA-rated Costar, who has now managed the JO Hambro UK Growth fund for 13 years, has backed more winners than losers in that time: his fund has returned 222% since launch compared with 123% from the FTSE 100.
01/10/2013
09:54
j777j: Edison see £10 a share..... UPDATE - blur Group bolsters board By Jamie Nimmo October 01 2013, 9:15am blur's chief executive Philip Letts said the hire is "key" to building on the company's momentum to dateblur's chief executive Philip Letts said the hire is "key" to building on the company's momentum to date ---ADDS SHARE PRICE, ANALYST COMMENT AND PRICE TARGET--- S-commerce specialist blur Group (LON:BLUR) has signed up David Sherriff to its board as a non-executive director. Sherriff is the chief executive of London-listed, IT services firm Microgen (LON:MCGN). blur's chief executive Philip Letts said the hire is "key" to building on the company's momentum to date. "As blur Group seeks to capitalize on its share of the $2 trillion global services industry, the non-executive director team becomes a strategic cornerstone of this growth," said Letts. "David brings an exceptional track record in growing public, international technology companies, having been instrumental in growing ECsoft Group in the early 90s and more recently in senior roles at Microgen plc, where he was appointed chief executive officer in 2011." David Sherriff said: "This is a very exciting time in this British company's evolution and I look forward to working with the other members of the board and support the industrialisation of its Exchange following the launch of blur 3.0 and build on the success achieved to date in the s-commerce market." The share price rose 3% to 437p on the news and is up 460% in the year to date making it one of AIM's top performers in 2013. "blur continues to build and strengthen its operational and management structure to support its strong growth, ensuring it remains well positioned to build on its positive momentum and first mover advantage," said Tintin Stormont, analyst at N+1 Singer. She said the company's third quarter update should confirm the "continuing strong trajectory." Tuesday's news follows a series of material announcements that have revealed blur is delivering on its huge promise as a potentially disruptive global exchange for services. The research house Edison reckons the stock has plenty more headroom up to £10 a share if certain landmarks are met. It said blur's continued strong momentum is supported by the growth in average deal size on its platform, project completion rates and repeat business. This "enhances the prospect of the network effect coming into play and helps de-risk the proposition", analysts Bridie Barrett Schmidt and Dan Ridsdale added. "Given the substantial market opportunity, if the network effect really takes hold, then maintaining a more rapid growth trajectory is possible," they went on. A scenario in which revenues double each year to 2020 would yield a value close to £10 per share, they concluded. Personally I think co's like this are highly likely to get taken over at a healthy premium, before they get to big. I said before this has got a £25 a share feel about it,in a couple of years. Well someone has already come up with a £10 figure.
15/7/2015
16:51
erogenous jones: Thank you haydock. No, I do not like the numbers at all and I have only given them a cursory look - roughly 6 seconds worth if truth be told. There is no danger whatsoever in the company making a profit as the business model is fundamentally flawed. It is flawed because the staff do not actually understand business, are not themselves expert in the areas in which they are trying to match parties and I would not be in the least surprised if they are simply there to answer a telephone and try to find resolution to any dispute. Once cash starts to grow, then and only then is it possible for brokers to give any credible guide for institutional support. The matter of a bankrupt beancounter having been appointed reflects the competency of the managers, their suppliers and their staff. Sorry but this is the best light I can place on the company. Time will tell, but I would not be surprised if Blur goes bust or, is taken over when the share price falls to single figures which it surely will if the underlying malaise is not resolved. But, hey, I am just an amateur stock picker, left my "profits" to grow and have seen them shrink to a pretty meaningless sum. I am not inclined to buy any more until at least the appointment of a new beancounter and 2 trading updates are published
28/11/2013
10:23
j777j: Edison 4th November Investment summary Momentum is building and customers are showing increasing acceptance of the platform through repeated use for larger projects, giving confidence that sales can scale rapidly and operational leverage will be unlocked. In Q3, 598 projects were submitted (+46% q-o-q) and average project size increased 25% q-o-q to $28.8k. If this growth trajectory is maintained, there is upside potential to FY13 revenue estimates, although it may not translate into EBITDA as management capitalises on its first-mover advantage. If the network effect takes hold, maintaining a more rapid growth trajectory is possible. A scenario where revenues double each year to 2020 yields a DCF value of £10/share. Even since that note was written projects have leapt by over 20%. Other recent research.. blur Group heading for the big league By John Harrington October 29 2013, Blur remains on course to becoming the market leader and a significant player in b2b ecommerce in services, in Liberum's opinion.blur remains on course to becoming the market leader and a significant player in b2b ecommerce in services, in Liberum's opinion. Services-commerce player blur Group (LON:BLUR) is heading for the big league, according to Liberum Capital, which has hiked its blur price target to 700p from 400p. The crowd-sourcing specialist's business has been showing three key positive trends that the broker sees as reliable indicators of continued top-line strength and future profitability. "Exchange usage by larger companies is increasing, repeat usage by existing customers is rising and average project values are growing well ahead of expectations. In combination we believe this puts blur on course to becoming a major player in b2b [business-to-business] e-commerce in services," Liberum argues. The fast-growing UK tech company needs to press home its first-mover advantage and become the preferred option of larger corporations looking to out-source small and medium-sized services projects, Liberum believes, and recent trends suggest it is well on the way to doing this, with the likes of eBay, Danone and Tyco making increasing use of blur's business services exchange. "Increased corporate adoption is also leading to more repeat usage (up 288% YoY [year-on-year] in H1'13), indicating high levels of customer satisfaction. It is also generating sharp increases in average project value (+42% YoY in Q3). Apart from helping sustain triple digit top line growth, these higher value repeat projects from larger customers helps increase profitability and visibility for the business," the broker asserted. Liberum is sticking with its projection of compound annual sales growth of 140% between 2012 and 2016, and reckons the company should move into the black by 2015. Though the shares have been a storming success since floating on AIM in October 2012 at 82p a share, but even at 475p a throw the shares remain significantly undervalued, according to Liberum. Using the metric of enterprise value, or EV (essentially market value of the company minus the value of its assets) divided by sales, Liberum reckons blur's multiple of nine is on a par with its peer group of listed e-commerce businesses. However, once you factor in blur's projected growth, then on the 2015 sales estimates the multiple drops to 4.6, which is a 32% discount to the peer group (using the peer group's projected 2015 sales). "We believe this discount is unjustified as it arises from blur's significantly higher sales growth levels," the broker concludes
16/1/2015
19:29
jeffcranbounre: Blur is featured on today's ADVFN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0109 In today's podcast: - Technical Analyst and PR at Materinvestor.co.uk Zak Mir chatting and charting Quindell and it’s good news if you’re Quindell investor, Nanoco, Afren, Blur and should you invest in BP or Royal Dutch Shell? Zak on Twitter is @ZaksTradingCafe - And the micro and macro news including: Quindell #QPP Afren #AFR Royal Bank of Scotland #RBS Blur #BLUR Nanoco #NANO BP #BP. Royal Dutch Shell #RDSB Moneysupermarket.com #MONY GlaxoSmithKline #GSK Synthomer #SYNT JD Sports #JD. HSBC #HSBA Google #GOOG Standard Chartered #STAN Vedanta Resources #VED MyCelx Technologies #MYXR IG Group #IGG Shire #SHP AstraZeneca #AZN Smith (DS) #SMIN Dignity #DTY Tristel #TSTL Lancashire #LRE Wolseley #WOS Robert Walters #RWA Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
15/7/2015
12:58
hamidahamida: Platform has no value if it hasn't delivered for over 3 yearsJust look at what this untrustworthy Management has been doing FACT!! They were invoicing unworthy customers ( you wouldn't lend 50p) for over 2 years why would they work for doggy customers for that long why all this Doggy Turnover who benefitted? Mr Letts wasn't stupidly invoicing doggy customers Oh No No turnover from these doggy customers helped in pumping up the Share price and helped HIM in dumping Shares worth £4 million, all makes sense now.YOU ARE ONLY AS GOOD AS YOUR LAST ACCOUNTSThey've burnt through $12 million cash last year and this year so far they've burnt through another $5.2 millionAROUND16p A SHARE CASH LEFT AT THE END OF JUNE 2015 AND DISAPPEARING AT AROUND 2p A MONTH

Blur Group Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 5,000 22.77 03 Sep 2015 14:47:46 GBX


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