Blur Group Share Discussion Threads

[seernb] 23/5/2014 15:07

I found out the answer to my question. Blur has $250 million in projects submitted, but only collects its 10% fee when those projects are listed, which is the next stage in the process. Carry on.

[j777j] 23/5/2014 15:03

I would like to see more

[tomboyb] 23/5/2014 14:45

RNS Number : 9668H

Blur Group PLC

23 May 2014

blur Group plc

("blur," or the "Company")

Directors dealings

The Company has been notified today that on 23 May 2014, David Sherriff, Non-Executive Director of the Company, bought 44,100 ordinary shares of 1p each in the Company ("Ordinary Shares") for the benefit of his SASS, at a price of 90 pence per share.

Following his purchase, Mr. Sherriff now has a beneficial interest in 44,100 Ordinary Shares, representing 0.15% of the Company's issued ordinary share capital.

The Company has also been notified today that on 23 May 2014, Robert Brooksbank, Non-Executive Director of the Company, bought 69,000 Ordinary Shares at a price of 85 pence per share. These shares are held in trust created for the benefit of his three children.

Following his purchase, Mr. Brooksbank now has a beneficial interest in 115,685 Ordinary Shares, representing 0.39 % of the Company's issued ordinary share capital.

For further information please contact:

[j777j] 23/5/2014 14:10

Large note out from Singer anyone seen it?

[tomboyb] 23/5/2014 14:10

There she Blur's - Short term £1 I reckon

[j777j] 23/5/2014 14:05

Hmm wondering whether it was US based funds that participatedNo sign of letts cash yet

[tomboyb] 23/5/2014 14:02

Well - £1`+ in the short term -

[theprovosts] 23/5/2014 13:58

Safe to say this is no longer a falling knife. Great time to average down for the existing shareholders, and a fantastic opportunity to pick up shares on the cheap expecting the positive news flow to recommence.

Great entry point.

GLA

[tomboyb] 23/5/2014 13:52

Blur for a recovery at these levels? Buyers now creeping in

[seernb] 23/5/2014 12:12

Ok, thanks.

Would still like someone to chime in on the point I raised in my post earlier.

[stegrego] 23/5/2014 11:54

'16 things the retail investor needs to know about Blur Group'

Done earlier this month so its probably more favourable than it should be!

[koolade] 23/5/2014 11:44

I have a dabble in FJET and am down a fair bit, but only a dabble. Worth watching - hopefully the worst is over.

These remain on my watch list.

FYI there is a thread around 'bowl formations' whether you buy into that or not. Think the epic is 'BOWL' !

[stegrego] 23/5/2014 11:43

Seernb,

Steady! Now youve torn it! Dont ask questions about the financials for goodness sake......

[j777j] 23/5/2014 11:41

blur Group raises $20mln to take it through to profitability


By John Harrington May 23 2014, 8:31am



blur Group (LON:BLUR) is looking to Asia after receiving enthusiastic support in the City for its fund-raising announced on Friday.

Both existing and new institutional investors pitched in to buy shares at 75p a pop, as the leader in services-commerce raised around US$20mln (£13.1mln), net, through the issue of 15.9mln shares .

The company plans to invest the money in accelerating growth in Asia Pacific markets and it will also be focusing on medium to large customers to attract larger and more profitable projects.

"Our goal in 2014 is to firmly establish blur Group in the enterprise space, delivering consistently on higher volume projects," declared founder and chief executive officer, Philip Letts.

"Developments in our technology platform, embedded in our blur 4.0 launch, will deliver true enterprise levels of scalability and automation. We believe this move will provide organisations with the confidence to use what we call 'services-commerce' to source every aspect of the long tail of their services procurement," Letts added.

The group will also continue to expand its partnership programme to enhance its global network and accelerate development of the Global Services Exchange with the launch of blur 5.0 in 2015.

The announcement came after the crowd-sourcing pioneer said revenue increased by 70.1% to US$4.78mln from US$$2.81mln in 2012, while the total project booking intake soared to US$22.2mln from US2.4mln.

In all, 2,086 briefs were submitted to the exchange in 2013, a 169% increase on 2012.

In common with most growth companies seeking to extend a lead over competitors, blur saw its full-year losses (LBITDA) widen, to US$6.37mln from LBITDA of US$1.81mln in 2012, although gross profit increase by 58.9% to US$1.16mln from US$0.73mln in 2012.

The group ended the year with a cash balance of US$9.56mln, up from US$4.45mln a year earlier, after an oversubscribed placing of shares at 150p a share that raised US$11.5mln.

"While we made good progress in 2013, I strongly believe we have only scratched the surface. We are confident that we are at the cusp of major, profitable growth as the benefits of s-commerce are experienced and understood by our markets. I look forward with confidence into 2014 and beyond," Letts said.

The company said a recruitment process is underway for a chief financial officer, while it is also looking to appoint a non-executive chairman.

[bpc10] 23/5/2014 11:35

hxxp://www.-.com/content/small-cap-value-report-23-may-2014-blur-83587/

[seernb] 23/5/2014 11:34

I have a question: according to the 2013 results gross margin was $1.16 million and project revenue was $4.8 million. Therefore .2 X $4.8 million = $.96 million is the commission on successful projects and $.2 million is the revenue from the posting of projects that didn't proceed to live status.

Yet Blur claimed that just in the last quarter of 2013 that over $60 million of projects were posted. That should have yielded $6 million in deposits or assuming a third of those projects didn't continue to live projects, $2 million in revenue.

Anyone have any idea how to reconcile these figures?

[j777j] 23/5/2014 11:29

Blinkx Monitise Globo to name just 3


Peeps are smugly holding other tech shares whilst trashing this without realising this is bad for sentiment across the sector.


Goose and gander.

[harebridge] 23/5/2014 11:28

Koolade- check out the last set of results from Globo (GBO) : a very impressive growth stock

[yump] 23/5/2014 11:08

volsung

Everyone sold at 800p ;-)

[yump] 23/5/2014 11:06

koolade

Interesting strategy - I'm doing that as well a bit.

Problem is, the hyped stocks quite often don't really have a business model that is working and moving them towards profit or even jumping revenue significantly. Which is why they plummet.

The only one I found in the last year was PSL. There must be more though.

fwiw I always work backwards from some assumed earnings, say in a year or so and see what sort of share price that would give. Does need a bit of digging in the accounts though.

Then at least you know what the business HAS to do, to get a share price that's underpinned by some fundamentals, which gives a margin of safety.

[stegrego] 23/5/2014 11:05

koolade,

Very very few ever do. Nothing off the top of my head but will get thinking cap on.

[volsung] 23/5/2014 11:03

C'mon out with it. Who sold at 800p??

[yump] 23/5/2014 11:01

So, awaiting lots of humble pie from the 'onwards and upwards', 'going from strength to strength' brigade.

Only joking. That would assume some basic strength of character.

[koolade] 23/5/2014 10:59

I'm looking for ones that have been through this phase Stegrego, and are coming out the other side? Any suggestions?