Blur Group Share Discussion Threads

[j777j] 07/3/2017 09:36

Dusseldorf you encapsulate all the wrong thinking about tech in the UK.

Short term and utterly clueless.

[cultivator1] 07/3/2017 09:35

KEEP those negative/nay-sayer/bear comments coming people. They have been slagging off every aspect of Purple Bricks,for months,of which I am a large holder! It is blatantly rational, one can only "bag" a bargain whilst the negatives abound. However, watch your timing.

[dusseldorf] 07/3/2017 09:28

J777J - Someone who has seen this type of thing before many times. You can't run away from the trading results. Right now, the results do not justify a £7m market cap, but factor in an additional £5m equity at 7.5p, and you're looking at a market cap of £21m(!) @15p for a company with a turnover of less than £1m and an as yet value destroying cash burn.

I'm pretty sure no banks will extend a finance facility on the numbers they have which means they have one shot only to continue trading, and thats equity placement. What helps a large equity placement - silly price swings.. the companies major PI shareholder is fully aware of this fact

[j777j] 07/3/2017 09:25

The shorts are bleating this am.


It was 800p once,so what is 14p ? Surely both are the result of corruption then

[harrissen] 07/3/2017 09:25

Surely investors must know by now the value has gone and the only way is down? Still they keep on buying!

[al h] 07/3/2017 09:24

LOL, just another prime example of corruption laid bare in London's flagship financial sector. Makes most African banana republics look good.

How many times do you see this kind of price rigging prior to fund raising ... with oh so convenient news releases to support the rigging. Laughable.

[j777j] 07/3/2017 09:20

And you are?

[dusseldorf] 07/3/2017 09:18

leedskier - It has a market cap of £7m at current levels (15p).

Turnover of less than £800k/year(!) cash burn of £750k every 3 months and is in desperate need of financing.

The price is being manipulated to sort the financing nothing more.

[leedskier] 07/3/2017 09:18

Well if there is a placing, surely it cannot be at much of a discount to the current share price It is not exactly as if there are hundreds of millions of shares in issue.

[tidy 2] 07/3/2017 09:17

The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500 in the year 2012. Currently all companies with revenue greater than $25 billion are included.No. Company Industry Revenue Headquarters1 Samsung Electronics, various 305,000 South Korea2 Toyota Automotive 235,364 Japan3 Volkswagen Group 221,551 Germany4 Daimler Automotive 148,139 Germany5 General Electric Engineering, various 147,616 United States6 General Motors Automotive 155,929 United States7 Ford 136,264 United States8 Hewlett-Packard Electronics 127,245 United States9 Hitachi Engineering, various 122,419 Japan10 Nissan Automotive 119,166 Japan11 Hon Hai Precision Industry Electronics 117,514 Taiwan12 Exor Investment 117,297 Italy13 Siemens Engineering, various 113,349 Germany14 Apple Electronics 108,249 United States15 IBM 106,916 United States16 Cardinal Health Pharmaceuticals 102,644 United States17 BASF Chemicals 102,194 Germany18 Honda Automotive 100,664 Japan19 Panasonic Engineering, various 99,373 Japan20 BMW Automotive 95,692 Germany21 ArcelorMittal Steel 94,444 Luxembourg22 Nestle Food & Beverages 94,405 Switzerland23 Peugeot Automotive 83,305 France24 Procter & Gamble Consumer goods 82,559 United States25 Sony Electronics 82,237 Japan26 Toshiba Engineering, various 77,261 Japan27 Bosch 71,600 Germany28 Sinochem Chemicals

[mally6] 07/3/2017 09:15

Possible deal why rns that sounds like a placing coming

[leedskier] 07/3/2017 09:09

Not in this but it has been on my monitor for a couple of years or so.

London simply does not do 'technology companies'.

Snapchat, which has no effective revenue had its IPO last week and rose to a market cap of $24 billion.

BLUR has a market cap, even after today's rise, of £3.24 million.

[j777j] 07/3/2017 09:09

Make that 103%.


Not a bad start to the day.

[j777j] 07/3/2017 09:04

A long awaited bid?

up 74%

[tidy 2] 07/3/2017 09:03

entered into final negotiations with a global electronics group for a multiple six figure on-boarding programme across three territories. That programme, if successful, could lead to a multi-year, multi-million dollar roll out of blur's Cloud software and managed services.blur has worked with this group for over a year, working with senior members of their procurement team to define and tailor a programme that seeks to embed the benefits of blur's Indirect Spend Platform in their current business processes. blur expects the negotiations to conclude in the forthcoming weeks.

[j777j] 07/3/2017 09:00

12p being paid this am and they were selling at 7p yesterday pm.



Funny ol world

[blah blah] 07/3/2017 08:58

Why would you announce the prospect /likelihood of signing a deal instead of waiting and announcing it when it was actually signed?

[j777j] 07/3/2017 08:58

Whomever was shorting yesterday has been badly burned today.


The point is large co's are gravitating albeit slowly towards the blur platform and that can only be good news.

[tidy 2] 07/3/2017 08:54

entered into final negotiations with a global electronics group for a multiple six figure on-boarding programme across three territories. That programme, if successful, could lead to a multi-year, multi-million dollar roll out of blur's Cloud software and managed services.blur has worked with this group for over a year, working with senior members of their procurement team to define and tailor a programme that seeks to embed the benefits of blur's Indirect Spend Platform in their current business processes. blur expects the negotiations to conclude in the forthcoming weeks.

[dusseldorf] 07/3/2017 08:50

J777J - I am not Robert Keith, but if I was, it would be in my interest to buoy interest in a share I bought majority of my stock at 3.75p prior to a much needed fundraising exercise....

Todays RNS is mostly hot air, though if they sign the deal at least it brings some confidence that the business model can work.

As I say, invest with caution as the fundraise RNS won't be too long behind and IMO somewhere between 5p/7.5p - dependent on how much they can 'promote' the price..

[j777j] 07/3/2017 08:42

Are you in fact Robert Keith?

Your posts are highly suspicious.


Coincidences,I don't believe in.

[dusseldorf] 07/3/2017 08:38

bookbroker - I'm very suspicious of the trading activity. After being 'flat' for two weeks suddenly some strong selling pressure to drop the price the day before this RNS. Almost looks like price manipulation to me, I wonder who has enough shares to do that.....

[bookbroker] 07/3/2017 08:36

Personally Letts is not to be trusted on any statement, he is a complete and utter fanny merchant, the master of spin!

[dusseldorf] 07/3/2017 08:32

Reading the RNS carefully, you can only assume the below:
- There is no final deal yet, its in negotiation - though arguably close
- Multi- 6 figure sum, could mean just $200k-$300k - this cannot stave off a funding round
- Any extension to the deal is speculation on behalf of the company and 'could lead' is probably apt terminology, but certainly not of the strength to represent certainty

Any interested buyer today should exercise extreme caution. The company does not have enough cash to continue trading without further funding and I'm guessing circa £5m. They are clearly elsewhere discussing funding options and happen to have also 'neared' conclusion of year long discussions with a company - somewhat fortuitous promotion if you are trying to raise funds wouldn't you say?