Blur Group Share Discussion Threads

[sanks] 26/5/2014 17:35

I'll buy a pallet full with my profits when i get in at 7p
I'm not gonna risk putting me nob on the table yet

What do you think?
Sensible comments appreciated

Sanks

[sanks] 26/5/2014 09:20

Me and Sheila may take a shaggers punt at 7p

[melody9999] 24/5/2014 19:55

"We are confident that we are at the cusp of major, profitable growth". So says Philip Letts, founding chairman and CEO of online business services exchange blur Group.........

He has not learnt yet then. The market buys 'under promising and over delivering' not the other way around. He should be saying something like "we recognise that it will take us longer to get to profitable growth than we previously anticipated".

Then when you deliver it, shout about it!

Staying well clear

[hazl] 24/5/2014 16:30

Its called being open-minded and I used a direct quote from the article in the last instance but I'll leave it there you seem to get so bitter.

[yump] 24/5/2014 12:20

What on earth is your motive here ? Are you simply self-deluded ?

"It was always going to make big leaps up and down"
"Let down by the share price"
"the problem for 'young technology companies in recognising revenue'"

No, here the problem is not having the expertise to run the business, while vastly inflating the prospects with endless BS. Full stop.

[hazl] 24/5/2014 09:37

Thank you for posting that article talkingsocks its well worth a read,in my opinion.
It posts a balance of good and bad aspects of the company.
It talks about the problem for 'young technology companies in recognising revenue' and Panmore Gordon resigning .
Sounds like the CEO is driven and demanding. Sometimes these are the very people who succeed.
It is unfortunate that a lot of people must be feeling let down by the share price but with Letts still owning nearly 50% of the shares then with little free float it was always going to make big leaps both up and down.

IMO

[compound_dave] 24/5/2014 00:21

You might be being pessimistic Sanks. I heard 17p was the bottom and then it might double.

[sanks] 24/5/2014 00:17

I'm gone wait till 7p
Sheila told me

[compound_dave] 24/5/2014 00:04

Good god. This is a CAR CRASH. Thinking of getting in.

What's your price recommendation Sanks?

I was thinking about 30p.

[hazl] 23/5/2014 22:34

crikey you need to get out more mate

[stegrego] 23/5/2014 21:31

This is forecast to make 2p eps in FY 2016....
So that's a pe of 43 and 2 and a half years away.

That's assuming it manages growth over 100 percent in revenues each year.

So that's not likely to go wrong then is it??!?!?

This is worth about 30p at best.

[aishah] 23/5/2014 20:39

TechMarketView:


Blur on the cusp

Anthony Miller, 08:19, 23 May 2014

"We are confident that we are at the cusp of major, profitable growth". So says Philip Letts, founding chairman and CEO of online business services exchange blur Group, after reporting net losses more than three times deeper than the prior year. In fact, net losses – at almost $6m – now exceed revenues, which grew by 70% to $4.8m.
As expected, Letts also announced a dash for cash, with the aim of raising $20m gross through a deeply discounted (almost 30%) share placing. Blur burned through $5.5m in operating cash flow in 2013, over double the rate than in 2012. The placing will be managed by N+1 Singer (no, don't start me on brand names) as sole broker on account of the fact that former joint broker, Panmure Gordon, has resigned.
The issue isn't whether or not a services marketplace is a 'good thing'. It is. And there are lots of them (e.g. see No blurring of focus for MBA & Co). I will even let pass (just) Letts' statement that "We are, at heart, a technology business". No we are not; we are a services marketplace.
The issue is how do you make money from this business? I have waxed lyrical on this almost since blur was born (start with Blurred business model and work back). The evidence so far points in only one direction; the faster blur grows the more money it loses. So here's a simple business truth: If you spend more than you earn, you will – eventually – run out of cash.

[niggle] 23/5/2014 20:35

Erogenous Jones

That is one nasty website

[niggle] 23/5/2014 20:34

They raised money at 10% of the peak share price FFS?
erm well done

[seernb] 23/5/2014 18:13

Blur has 90 employees per the latest note from Singer. Net revenue for this year is estimated to be around £2 million. So £22,000 revenue per employee. Ebay has around £600,000.
This stock is certainly reinventing stock valuation.

[outsizeclothes.com] 23/5/2014 17:48

The size of today's losses, along with the comparable rise in actual profit/revenue would be what would scare me most. There's a very big gap there to close between expenses going forward and final revenue coming through, esp when the "bad debt" seems to be rising in tandem with days outstanding.
Still a punt rather than an investment in my book.

[j777j] 23/5/2014 16:07

One of particular excitement went from 180p to 18p then 3400p then 50p

[yump] 23/5/2014 16:06

Hmmm. That's very slippery of you.
So you're here for a serious reason.

[j777j] 23/5/2014 16:03

I have never come across a stock that only goes in one direction

[j777j] 23/5/2014 15:14

When will Letts show his hand?He has £3,600,000 he should do the honour reinvesting..