Blur Group Share Discussion Threads

[hamidahamida] 23/7/2014 07:40

Last trading update confirmed my view they are on course to issue revenue and profits warning. They are struggling big time to convert listed projects in to actual bookings. Warning No Growth: Revenue went down compare to 2nd half 2013:)1st half 2014 $16 million actual booking around = $3.2 million actual revenueThis leaves around $96 million 2nd half actual bookings to achieve market forecast. NOWAY...SP WILL COLLAPSE

[stuart37] 22/7/2014 15:10

Letts owns about 50% of the equity anyway so i think we can safely say that it is in his interest to make the company work! Yes he took some cash off the table but a tiny fraction of what he held...........

[phowdo] 22/7/2014 12:47

The CEO isnt buying. Last October he dumped 900k at £4.
Follow the money...

[koolade] 22/7/2014 12:25

Agreed. Altitude sickness at £8. Madness. Whoever held whilst riding it on the way up is an idiot.

(Flipping that statement, if you don't buy now, are you also an idiot? Hmmm)

[dr_ex] 22/7/2014 11:51

yeah its just crazy to go up and down by that much in 1 year, like a monster pump and dump.

[al h] 22/7/2014 11:43

I think the odd thing is the ridiculous monkey P & D up to 8 quid. Should never have been taken close to those levels. Still, I'm sure plenty of city spivs profited nicely.

[dr_ex] 22/7/2014 11:41

is this a fake/fraud company? share price performance just seems odd.

[al h] 22/7/2014 11:35

Or the business model is fundamentally flawed and the cash will not appear as expected, end of story.

[john09] 22/7/2014 11:35

Why did Techinvest drop coverage?

[2donaldduck] 22/7/2014 11:28

As soon as this company start converting their projects to cash, which they will, this share will rocket. It's very cheap at the moment. Good entry point in my opinion.

[reks] 22/7/2014 11:22

what's a good entry price here? surely a 1000% drop in a few months is over the top??

[targatarga] 22/7/2014 11:18

feels like a gamble... i've been caught before... falling knives and all that!

[john09] 22/7/2014 11:14

Really like what this company does, shame it's getting hammered

[koolade] 22/7/2014 11:09

nice! Not when you put it like that

[koolade] 22/7/2014 11:00

worth a punt?

[fibmeister] 11/7/2014 15:54

good entry point

[fromtheblue] 11/7/2014 08:18

Now at the placing price of 75p - will it bounce or continue to sink?

[j777j] 10/7/2014 09:14

More about the GAIN partnership.

[stuart37] 10/7/2014 08:08

Looks like a new $15m project has just been landed. Now taken off exchange but will no doubt be put back on once all info clarified - meter was earlier at $289,530,915.

[j777j] 09/7/2014 22:02

The typical little englander view with no concept of how to build a global brand and business.Hence the the UK has very few successful global tech co's and a silicon roundabout.

[stegrego] 09/7/2014 20:21

One should always read the small print at the bottom of any trading update issued by online business services exchange blur Group to appreciate the context of the seemingly rocket-like bookings growth because it highlights the problem with the company's business model.

The problem is that bookings represent the initial estimated value of projects submitted to blur's exchange, whereas revenues only come when projects hit agreed milestones. As the projects get bigger, the milestones grow further apart and the risk of them 'shifting to the right' or the project contracting in scope increases. Indeed this has been blur's experience. As a result, the faster blur grows the more money it loses (see blur on the cusp).

So I treat with extreme trepidation today's news that blur's H1 project bookings (to 30th June) more than trebled yoy to $16m. Founding CEO Philip Letts was keen to highlight blur's "focus on customer experience and retention".  I would be keener to see some sort of focus on profit.