Blur Group Share Discussion Threads

[milesoffshore] 10/6/2014 18:03

Hmmm 100% focus on the business but enough time to release an RNS every other day?

[supersturrock] 10/6/2014 16:22

2 of us brave souls at the EGM this am. P. Letts was kind enough to give us some quality time - one memorable quote being " I was told to focus 100% on the business and the shareprice will take care of itself " Does not see the need for huge overhead expansion to keep pace with revenue growth." We are not like Amazon with massive warehouses etc. Key team of Project Managers has only grown from 1 to 8 despite the rapid growth in biz.
They ran the Annual Results webcast for us which projects profit breakeven in final quarter of 2015 and positive cash flow from the second quarter of 2016 ( all presumably based on current trends ).

We both came away feeling cautiously optimistic - no stronger or weaker than that.

[j777j] 10/6/2014 13:07

"The Company is pleased to announce that at the General Meeting held today all Resolutions proposed were duly passed. "


Philip Letts, blur Group CEO, said:

"The successful completion of the Placing and Open Offer means we are firmly focused on driving the business forward and executing our growth strategy. We will continue to make investments into sales, technology, marketing and customer services, further strengthening the foundations of the business and providing the platform for future growth and profitability."

[j777j] 10/6/2014 13:06

UPDATE - blur Group's open offer gets strong support
By John Harrington June 10 2014, 12:18pm "We are delighted by the broad support shown by so many of our shareholders through the Open Offer, including members of the board," said Philip Letts, blur's chief executive officer.

---ADDS BROKER COMMENT---

The open offer of shares at 75p a pop by blur Group (LON:BLUR), the services-commerce leader, was heavily oversubscribed.

Blur shareholders applied for 1.67 times the number of shares on offer, so applications for excess shares will be scaled back on a pro-rata basis, while applications for basic entitlements will be met in full.

Shares were offered to blur shareholders on the basis of 3 new shares for every 56 shares currently held.

The company raised US$2mln from the open offer while it also raised US$20mln (£11.9mln) from a placing of shares, also at 75p per share.

Philip Letts, blur's founder and chief executive officer, was understandably pleased by the level of support from shareholders.

"These additional funds will provide further working capital to support blur Group in its next stage of growth," Letts said.

House broker N+1 Singer said blur has gone through significant changes since becoming a publicly listed entity, "but it is still a young, ambitious, fast-growing business adapting its organisation to address the global opportunity it is facing".

"Strong execution of its growth plan, aided by the additional cash raised in the placing and open offer, should see it through to profitability and potentially create significant shareholder value," the broker said.

[stegrego] 10/6/2014 12:26

cantrememberthis2 10 Jun'14 - 09:39 - 2402 of 2404 0 0

150p initial target, gap needs to be filled.

--------------------------------------------------

Only gap that needs filling is evidently the one between your ears....

[j777j] 10/6/2014 10:28

With the imminent bolstering of the far east operations the co can capitalise further on it's significant first mover advantage.Land grab,scale and profits will follow.Clearly many commentators on here have never run a business .

[tomboyb] 10/6/2014 10:21

This will be back above £1 - imho.

[cantrememberthis2] 10/6/2014 09:39

150p initial target, gap needs to be filled.

[haydock] 10/6/2014 09:38

Pity about the scaling back though, would have thought they might have been keen to keep the cash issue a few more shares?

[lw425] 10/6/2014 09:18

oh you must mean the growth in LBITDA?

[j777j] 10/6/2014 07:09

Open offer oversubscribed.Co now will have plenty of cash to drive growth.Onwards and upwards.

[wskill] 09/6/2014 21:18

I am hoping for a decent bear squeeze with only 1 for 56 held for shareholders all the institutions have to do is hold on to the placing shares and we could get some decent upward movement as we still have very few shares in free float the shorts will have trouble closing this is not like the larger companies where shorts have the free run,our day will come.

[j777j] 09/6/2014 13:55

Furthermore, most early holders would have taken some profits near 800p after it doubled in weeks.Especially as it was showing extreme volatility.


Last I heard shares are for buying and selling.

[j777j] 09/6/2014 13:54

Only a fool would not cost average volatile shares.

250p leaves plenty of upside.


stegwhatevryour name is you have no more clue as to the future than the rest of us.

high horse get off springs to mind

[master rsi] 09/6/2014 13:08

The shorters are acting as "Desesperados" as share price is rising again

The retracement and large Fibonacci 78.6% occured last Friday, now is time to move forward again

Do I have to say it again.

[yump] 09/6/2014 12:42

They need to do a reverse consolidation, so that the share price reaches 0.8p now.
Then it would be stunningly cheap and attract a load more punters. After all, when you look at the share prices of some other companies, they are up at eg. £12, so 0.8p to £12 would be a fantastic return.

[stegrego] 09/6/2014 12:32

J777J,

Not very much upside from 800p though is there?

You were touting this as a massive buy at 800p, yet it has absolutely zero chance of ever getting there again.

Unless of course they do a 1:100 consolidation once it reaches 8p.

[wskill] 09/6/2014 08:58

Even better news it is an independent not an in house broker buy recommendation speaks volumes to me.

[j777j] 09/6/2014 08:41

I was almost spot on.Liberum new price target for Blur 250p with a BUY rating.


Very substantial upside.

[1desire] 09/6/2014 08:23

SyQic (SYQ) Rumoured Bango Approach 80p
By PLATTS 8 Jun 2014 12:05
SyQic, a Mobile TV Service (OTT) provider of live and on-demand international video content dubbed 'Yoonic', has entered a partnership with US mobile payments and analytics companyBango.
hxxp://www.smallcapnetwork.com/Article/s/via/35680/article/p/mid/1/

[yump] 09/6/2014 08:18

EJ

Last 2 paragraphs spot on.

Bulls can read recruitment as 'to support growth', but that's a euphemism for making a dog's breakfast of the business model, appearing to have little expertise or knowledge in the field of project management in general...

...and therefore having to make firefighting recruitment to give the business what it should have had all along.

Top management have lost all credibility. To have a business model that needs major change is one thing, to be incompetent in the business area you've chosen is unbelieveable and then to have the cheek to spin so much BS ...

...is actually on reflection, completely the norm for several AIM companies each year.

[j777j] 09/6/2014 07:20

You could just as easily put the monitise chart up.


Never made a penny but been a fantastic investment.

Blur is expected to become profitable a full two years before Monitise and both are in massively addressable markets.



Blur will now have plenty of cash in the bank to drive it to profits.

Meanwhile the projects submitted continue unabashed




5,206

Projects


$267,278,815

Value of Projects Submitted

[hassani2] 09/6/2014 00:47

73 p should be the bottom of it by certain personnel experience in past witnessed,the whole company in a mess very desperate for cash,the daily volume of trade doesn't show any hope preferred ..

[lw425] 07/6/2014 10:48

wskill. mos at 3p was about 50% of cash and I think they more or less reported EBITDA breakeven/small profits. blur at these levels is not the same. i don't troll for the sake of it as I've better things to do but when something is clearly overvalued then I'm happy to say so.

the blur placement at 75p reminds me of the pdx rights issue at 100p. you know what happened after that. the shorters could see 2p and made it happen very quickly. listen mate. there is no logical reason to buy blur at 75p.

there is risk assessment based on graph momentum, fundamentals and AIM logic and then there is sheer stupidity.

I'm cautious of positive EBITDA, as we know that can still mean a loss in EPS terms but when a company reports increasing LBITDA then that is a huge red flag for me. About the most obvious one can get on a share.

due to the massive doubts on whether the unproven business model can ever breakeven, I'd suggest blur should be on 50% of cash. so 15p share price tops. that my view.