Blur Group Share Discussion Threads

[hamidahamida] 15/7/2015 12:58

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

[j777j] 15/7/2015 11:46

In your world there is only disease death hate and destruction.R.I.P.

[stegrego] 15/7/2015 10:42

GTFOH.

Who is going to buy what is essentially a few stats off their systems? Answer: no one. OK maybe 1 in 50 will give it a go and then cancel.

[j777j] 15/7/2015 10:35

Currently 61,604 service providers on the platform.

$39 per month × 61,604 =$1,950,000 per month.

$23,400.000 per annum.

Food for thought indeed.

[haydock] 15/7/2015 10:30

Another income stream: if it works & more value to the platform.

blur Data will be available for purchase from July 31 for a nominal investment of $39 per user, per month.

[j777j] 15/7/2015 10:27

Why don't you ask him?Everything else is pure speculation.

[stegrego] 15/7/2015 10:11

If it's so cheap, why doesn't Letts buy back the 4 million quids worth he sold at 400p or whatever it was?

Speaks volumes.

[j777j] 15/7/2015 09:25

At these levels the entire platform is valued at circa £5 million ex cash.

Seems too cheap and shares represent undated option money.

I shall wade in tranches.



Blur data a new subscription business is becoming operational from july 31st

[brianbadonde] 14/7/2015 20:28

These could be 5p

[hamidahamida] 14/7/2015 15:18

Zak Mir says 20p next support level

[hamidahamida] 14/7/2015 14:54

Burning around $900000 cash per month by the end of this year they will only have around $7 million cash left in the kitty worth around 10pNot worth more then cash

[hamidahamida] 09/7/2015 09:28

No Meaningful Director buying says it all they don't believe they are capable of executing their stated strategy Over $12 million cash burnt within a yearLost count how many times they restated accountsEvery few months new business strategy is introducedBig time trust issues with this management

[hamidahamida] 09/7/2015 08:32

Cash balance at year-end was $17.40m (31 December 2013: $9.56m). Cash outflow from operating activities of $9.65m and an increase in investment and financing activities of $19.0m. CASH BALANCE at 30(th) JUNE 2015 is $12.2m.at this cash burn rate more cash needed towards the end of Q2 next year, no clear guidance in results reported all waffle To much Uncertainty, Confused management.Stock overpriced SP TARGET BELOW 10p

[haydock] 02/7/2015 12:03

Well the figs are out in the open now.
The share price has not overreacted today.

On the way to being a clean loss making growth company, with a very desirable platform & customer base.
With a superb record of repeat orders, from enterprise companies.
First developer & market leader in a new small niche.

All set to add in as a new division of a company, even comes with a tasty set of tax losses.

Ah well it will be odds on a yank steal as usual.

[haydock] 01/7/2015 21:27

A platform that delivers repeat business from companies that size = the holy grail.
Letts & the problems along the way = par for the course, but the mkt does not forgive.

Other companies with large free cash will take note & don't look back.

The other thing to watch is the number of service providers, big names & rocketing forwards @ 60,000

[droid] 01/7/2015 16:49

Hay, you have summed up my sentiments exactly. I am as miffed as the next man at Letts' hype in the past and things that have ensued but this company is cutting new ground and there are bound to be hurdles along the way. If 50% of current business is repeat biz from large cos, Blur must be doing something right now. Glad they are phasing out the more troublesome smaller deals.
Has anyone else noticed that the bullmeter has ticked over to $ 450 million since yesterday. This is up from $350 million mid May.

[haydock] 01/7/2015 15:31

Had a good read.
Read the supposedly sensible item on tech market.

Basically digging up old news & possibly quite rightly not giving Letts any credence.
Far from convinced as to the future. Fair enough.

I expect E. Jones will have much to say along the same lines.

What we can say it is all out there now.

The accountants are not without some experience & the changes seem to be more technical than financially damaging.
The enquiry is very damaging to the mkt.

I am concerned about the platform, taking the USA view that it's what counts rather than the profits.
I am being foolhardy & it is costing me much money.

A few simple plus points.

The accounts should not be a problem going forward.

The staff numbers are down & under control.

The bad debts were not as great as some feared, again under control.

A new policy will change the nature of cash flow & business growth, more focused, & achieving the great aim of all companies repeat business, on a growing level, from major companies.
-- $28.5 million of projects submitted by Enterprise customers in 2014 an increase of 90% y-o-y

-- 35.7% of projects come from existing customers by year end increasing to nearly 50% post year end demonstrating the reliability and value of our Marketplace to Enterprise customers and their increasing relevance on buying and selling services online

Enterprise customers - companies or groups with more than $500m turnover per annum


Blur 5 sounds very interesting, when does it launch ?

The shortlist will be generated by the machine intelligence capabilities of blur Sense(TM) which uses a set of proprietary algorithms to automatically match buyers and their pitches. blur 5.0 can enable the business to rapidly scale with fewer human interventions, and will be a big move towards the first generation ERP (Enterprise Resource Planning) platforms designed specifically for services. Later the platform will be extended with API (Application Programming Interface) so that blur 5.0 will integrate easily with other enterprise software platforms.

Letts leave it at that: taken alone that sounds a tasty platform to a bigger fish.

Just waiting for the next disaster !

{ Comments from E.Jones please? }

[stegrego] 01/7/2015 10:17

Sensible, credible commentary:

[haydock] 01/7/2015 09:26

Begun to read in, there is a great deal to read.

Droid, you are saying the right things we want to hear.

Move to a business focus is positive, makes the platform far more saleable.

This is now a significant platform & beginning to be a tasty morsel for a bigger fish.

They actually stated a small but growing profit, much more credible & have reduced costs since then in staff & presumably location & re-location costs.

[droid] 30/6/2015 17:34

RNS out - no sign of any cash call - yet!

hay, I was the only shareholder there. Only one professional was the lawyer counting the votes. Atmosphere much more professional than last year - not so many young kids in evidence. Also much more down to earth tone from Letts and Sheriff. Good news is the rise in larger clients and repeat business now up to 50% of total. I don't expect cash breakeven in Q1 next year but I feel Blur is finally getting there - at last.There will be another general meeting in August - presumably to adopt the accounts and it will be in London.

[haydock] 30/6/2015 16:43

Many thanks for making the effort droid.

What was the atmosphere, upbeat or funerial or agressive ?

Did they keep Letts under control ?

Anything said about the financials ?

Good to hear that they may have an FD. again soon.

Cheers Hay.

[droid] 30/6/2015 15:38

Should be RNS later this afternoon with results.
Company focusing on higher value clients and deals. Top line seems to be growing with stable or lower staff numbers.
I came away expecting some slippage in break even date. Question is whether cash holds up in the meantime.
New FD coming v.soon and headhunters not charging after last fiasco.

[stegrego] 30/6/2015 15:29

I don't think we need to know about your incontinence problems.....

[j777j] 30/6/2015 14:49

Oh how are your tung doing?ROFPMSL