Blur Group Share Discussion Threads

[smithless] 08/3/2017 16:08

In Dusseldorf's defence, as of Q4 it had £2m in cash and it was burning £250k per month, so as of 31 March it will have £1.25m. It mentioned nothing, as far as I can see,in this Q4 update about reducing the burn rate further, but even if it down to £150k per month, without a massive increase in its top line, it is still going to run out of cash, even if it won a contract. Its year end has just past, how is it going to show it has sufficient capital in it accounts to carry on for the next 12 months as a going concern without a cash injection. It's only three months away before it has to issue its account.

[homer8] 08/3/2017 15:18

Dusseldorf, cash burn is dropping dramatically but you conveniently see it flat lining at -$1m every quarter. Next quarter may only be -$0.5 and decreasing every quarter. The $3.1m may last till cash comes rolling in. Just wait for the next statement and don't assume.

[412069] 08/3/2017 14:39

1 trade just gone through. rns

[smithless] 08/3/2017 14:33

Dusseldorf is absolutely correct. This is a classic ramp before a placing. It end of year is 31 December and it has just enough cash to last to June/July 2017. The auditors will never sign off the accounts without a cash injection. Plus I suspect if it gets the possible business award, in what I think is a misleading RNS, it will be conditional on a fund raise - my guess a placing at between 9-11p

[dusseldorf] 08/3/2017 13:34

Homer8 - It beggars belief that you think the company does not need funding. How do you think a company that's losing £750k every 3 months is going to pay wages when the cash runs out in July? Pixy dust is not acceptable currency.

The only uncertainty is price and quantum. I can't see any finance plan with less than £5m having credibility as they need to invest and survive long enough to reach profitability.

[homer8] 08/3/2017 13:30

Whatever Hambro sold yesterday mid day has been moped up. I think I need to match the shorters who keep saying fund raising. No fund raising needed.

[dusseldorf] 08/3/2017 11:58

Funding will have been raised to all the big players and the price mooted, but I'd think if you were 'in' on it (like Keef) your trading would be restricted as an insider. Perhaps Hambros are simply seeking an exit.

[kemche] 08/3/2017 11:41

Dusseldorf - Sssshhhh.

I have been informed it is going to 800p and about to be bought by a consortium of google/ibm/microsoft/amazon. But keep it to yourself!

5 to 7.5p sounds about right. Possible reason for Hambros sharp exit?

[dusseldorf] 08/3/2017 11:38

kemche - I'm sticking with 5 - 7.5p, I just can't see anyone want to put £xm into it any higher. At current burn rate, that cash (if £5m) would be gone within 1.5 years, which arguably is not enough to see them to profitability.

[kemche] 08/3/2017 11:26

What price the fundraising?

[dusseldorf] 08/3/2017 11:20

Al H - It wouldn't surprise me to see another tomorrow that they are out. Even if they are still interested, they can sell at highs and participate at a discounted placement - effectively a short.

Let's not let the facts get in the way of a good story - £1 next week!

[al h] 08/3/2017 11:06

LOL. there's the first big dump into the rigged rise ... 2.3 million J O HAMBRO CAPITAL MANAGEMENT LIMITED

[zico01] 08/3/2017 10:36

BTW you can sell as much as you want

[zico01] 08/3/2017 10:35

MM's not letting you BUY.

[kemche] 08/3/2017 09:58

I bought at 26p and am underwater!

[dusseldorf] 08/3/2017 09:46

I'd be surprised to see this close positive today. Day 2 always starts off ok, but disappears as time goes by...

zico - Good luck with your target, luck is all I can offer.

[zico01] 08/3/2017 09:24

when the deal lands in a week or so you are looking at about £1.00. Buy and HOLD

[j777j] 08/3/2017 09:24

You are stuck in the past.Markets look ahead.

[boysie72] 08/3/2017 08:50

Near impossible to buy, but easy to sell.

[zico01] 08/3/2017 08:48

very difficult to buy this morning

[boysie72] 08/3/2017 08:47

Only going upwards!!

[j777j] 08/3/2017 08:45

I am sure Robert Keith had to see off shorters many times at Eidos.These guys are not morons.


Lots of nervous shorts out there this am.


Could see quite a spike.

[j777j] 08/3/2017 08:17

Yawn.You are not working for the co so you actually know sweet fa about what they are planning.Let alone who they are talking to.

They could just as easily have found an investor willing to buy in at 50p as 5p

70% of the outstanding are in "safe hands."

It is possible yesterday's short positions could go very sour.

I tried to buy just 10k for the first 15 mins after opening to no avail.Kept rejecting my order and offer moved up each time.