Blur Group Share Discussion Threads

[j777j] 16/5/2014 11:01

From Lse

Last nights RHPS update e-mail: The main development I want to address this week is the extremely disappointing move in blur's share price. First up, let me apologise to subscribers who followed last month's tip.






I wrote about blur because I think it's a great story with potential to become a major business - and I still think this is the case.







However, recommending a share in the wake of a large fall always carries added risk and I owned up to being nervous about the timing of my tip in the accompanying RHPS letter.

[fromtheblue] 16/5/2014 10:57

If the company can change its business model along with a successful fund raising announced next Tuesday, then it has a good chance of turning this round. If not, then sadly the company has no long term future. Growth seems to have stopped - even gone into reverse in recent times according to their listed projects.

[j777j] 16/5/2014 10:24

Perfect,so that would tie in Liberum's forecasts for the current year.

"The increasing size and value of project's being managed on blur Group's (LON:BLUR) global exchange changes how the firm's revenues are recognised, notes broker Liberum, which rates the shares a 'buy'.

Following last week's trading update, the broker has cut its full year 2013 revenue forecast by 42% to $5.4mln but keeps its 2014 revenues unchanged at $24.4mln.

"It suppresses near term revenue growth but builds a foundation of revenue for future years. The underlying growth rate remains solid and usage by major corporates is increasing," says Liberum, which also cuts the price target to 600p from 700p based on a lower multiple of six times for enterprise value-to-sales ratio."



Although,as they open an office in Asia and the new categories take off, those will prove conservative.
.

Meaningless?

Considering the bulk has come within the last six months,je pense pas.

[stegrego] 16/5/2014 10:14

All very well rolling out the figures, but they have been shown to be near meaningless.

How much of the $251,261,533 will actually get off the ground?

On current metrics about 20%....

[haydock] 16/5/2014 09:45

When Blur drops somebody with cash takes an interest.
When the first fall happened someone added about £150K

Today buying in round numbers is dominating the mkt.

Puzzling : not a dead duck just yet ?

[j777j] 16/5/2014 09:30

Will be interesting to see if they can bring in a significant partner with any funding.


Only one more trading day to wait.


Just 12 away from reaching 5,000 projects listed. $251,261,533 worth of projects listed to date.A remarkable achievement for the company.

[sanks] 15/5/2014 14:29

I might take a shaggers punt at 7p
Will wait and see how it pans out

[j777j] 15/5/2014 11:25

Ek publicly stated he had shorted the shares.I stand by my comments.

[hazl] 15/5/2014 10:28

there are lots of reasons.
top of the list for me is the small number of shares available to the public which causes rapid swings either way; what goes up quickly comes down quickly.
Also of course techs/in favour/ out of favour, everything has its cycles.

imo

[stuart37] 15/5/2014 10:22

Shorting this stock is unlikely as market is too thin and too much stock tied up in major players.
Agree that this should come right but Mr Mkt has taken a rather acute stance currently which, once a few uncertainties are out of the way, will sort itself.
I am assuming strong chance of fundraising being announce at results next week.

[stegrego] 15/5/2014 09:53

The 800p share price was lunancy.

I doubt this has been heavily shorted.

Letts is so full of sh1t and has now been found out.

[haydock] 15/5/2014 09:39

It was interesting if correct, that Evil shorted & was right.

His mates at Penny share said buy at the same time?

Have I got that right ?

[j777j] 15/5/2014 08:57

Major shareholders control 67% of the outstanding.

Everyone is assuming there will be a placing at a deep discount.



They may well have plenty of outside investors keen for a slice of the pie,so anything could happen.

They will also be acutely aware the share price was trading over 800p in January.

They will also know the shares have been heavily shorted.Which creates a false market price.

I reckon the co has deliberately held back news of current year trading,which at the first trading update they said.......

"This is evidenced by the strong financial performance in Q1 2014. "


We are also now well into the second quarter.


I am prepared to see this through.


One thing I have learned after all these years in the markets, is to expect the unexpected.

[haydock] 15/5/2014 08:43

Great find J777J.
More figs due on Tuesday, confirmed.
Usual bullish comments, business as usual, simply an accounting problem as they said.

Pop along to the bank with the figs for a few quid if needed.

Certain to book increased turnover, going forward, we know it's visible already thanks to the accountants.

Remember nobody expected any profits here until yr./ 2015.

Typical Mr. Mkt situation?

DYOR.

[fromtheblue] 15/5/2014 07:29

Since the profit warning only 19 projects have been listed with a net gain of $15,000 as some prior week projects have disappeared. Need more than spin to get customer confidence back.

[aishah] 14/5/2014 21:41

Techinvest put subscribers in around 80p. They had a stop-loss at 480p. So a handsome return if you exited then or above.

[ramas] 14/5/2014 21:12

probably been said before but probably one of RHPS's worst ever tips recently at around 260p ... eeeek tipsheets are good but DYOR still reigns supreme

[fromtheblue] 14/5/2014 09:19

Looks like funds unloading or possible rescue rights issue looming..

[covlad27] 13/5/2014 18:01

glad i got out ages ago and made a profit,just can,t see this company improving anytime soon.

[dietcoke197] 13/5/2014 15:12

EJ,

It is little more than a dating agency for businesses


Unfortunately, it's the "little more" thats going to kill them.

If it was just a dating agency, they might have a chance of making some money.

[orange1] 13/5/2014 14:43

These customer comments are very damning. As I reported at the time, what personally caused me concern was the so-called legal experts that were being presented on the blur legal site. I spent a bit of time googling some of them: well-established experts they clearly weren´t. Some of them didn´t even have a legal background: one was a fashion student, as I recall. I got the impression that anybody could present themselves as an expert and that there was no vetting.

[stockhound] 13/5/2014 14:24

Good piece here on BLUR group red flags -
www.goo.gl/2Z5zBH