Blur Group Share Discussion Threads

[stegrego] 24/4/2015 17:24

I think they have a new album out on Monday so things are looking up.......
Wait......

[hamidahamida] 24/4/2015 11:25

Ej:)This management has completely lost the plot whatever cash they have they are burning through it pretty fast With so much uncertainty surrounding the shares, IMHO share price will settle around 20p till things clearer much either way

[richsydenham] 17/4/2015 09:00

Why is BLUR in AU?

[hamidahamida] 16/4/2015 10:16

Bookbroker...Let me remind you Equality Act 2010 outlawed discrimination on the "grounds of colour, race, or ethnic or national origins" in public places.You can get in to trouble with The Police, so i kindly suggest you apologise and remove your comment.

[bookbroker] 15/4/2015 21:08

You're not wrong EJ., I see the problem lies in the complexity of the bigger projects whereby the timespan to completion is considerable, as you state it is likely that the staff at Blur are simply not equipped to effectively project manage the process, and the model by which Blur operates does not account for the hurdles that need to be overcome for the project to reach its conclusion. Essentially this is all about revenue recognition, I think that Blur, as a business, should not be accepting these very large projects, as the sum of the parts are all too ambiguous, however it is their revenue recognition policy that is at fault, they have been carrying the value to themselves of the completed project on their books, the risk in doing so does not account therefore for failure of the two parties on both sides of the contract, and Blur is powerless to ensure a successful conclusion.
I'm surprised that large project briefs are even placed on the platform, the co. placing the brief is taking a huge risk by entrusting a relatively unknown third party, however I'm sure that the vetting process is nonetheless fairly secure, however are Blur exposing themselves to the vagaries of this process.

[hamidahamida] 15/4/2015 01:44

blur Group – now paid-for researcher withdraws forecasts 'until there is more clarity'By Steve Moore Since my update last week on more financial reporting woes from blur Group (BLUR), paid for research prostitute Edison has pulled its forecasts and the shares have drifted further lower to a current 53p. When even the prostitute researchers wont say anything nice you know that you are up merde creek.With blur's announcement having just noted on revenue that it would, for 2014, "be substantially lower than previously expected", Edison comments that "management does not give any indication of the size of the potential write-down however, with a trade receivables balance of $4m at the interims and accrued revenues of $3m, there is potentially $7m of balance sheet risk". Noting the current lack of clarity here and on a 'base effect' impact on 2015 and beyond, it has withdrawn forecasts.The researcher does note that "the projects in question pre-date managements' change in strategy to focus on enterprise-class customers, the more rigorous policies put in place since Q214 to ensure the credit quality of exchange users and the change to more conservative revenue recognition policies" and that "management continue to target cash-flow breakeven by Q116" but, as I noted in my previous piece, investors currently have little reason to have any confidence in incumbent management to deliver here.As such, I also remain concerned by the cash burn – net cash down from $24.4 million at 30th June 2014 to $17.4 million six months later – after I previously noted an apparent toning down of the company's confidence in it having the cash to sustain it through to cash generation.The shares have drifted further lower from the circa 55p of my previous update but, still capitalising the company at approaching £25 million, I continue to currently regard this as an AIM bargepole stock of the highest order.

[bookbroker] 13/4/2015 13:01

I find it strange that this co. which altered its revenue recognition policy in the second quarter of 2014 is not reflecting the balance of payments relating to these briefs inmate 2013/ early 2014, these should not even be on the balance sheet at this stage, they should already have corrected the terms of each project prior to the updating of accounting practices.

[j777j] 13/4/2015 10:00

They save businesses money and lots of it.Somewhere around 25%

[koolade] 13/4/2015 09:55

A solution looking for a problem

[pugugly] 13/4/2015 09:52

Can anyone explain in simple language what BLUR pretend to do -?

Having read their web site and the accounts I cannot see what they have to offer that a potential client cannot do as well or better themselves ?

What are they trying to sell and what advantages can they offer over similar products ?

Confused..

[hamidahamida] 13/4/2015 09:39

And you are sleep talking wake up and smell the coffee

[hamidahamida] 13/4/2015 09:38

I think you might be Letts

[j777j] 13/4/2015 09:35

Maybe it is because you have not done any research.Every.man and his dog knows N+1 Singer is houae broker.They have never been any profit.warnings as.profits were never expected before 2016.You are confusing profits with revenues.The rns was about legacy bookings from 2013 and q1 2014.Q2 2014 was the start of much stricter revenue recognition.Deputy chairman stated "transition now complete."Profitability expected q1 2016

[hamidahamida] 13/4/2015 09:19

So why aren't N+ on their investor page then.Fact is the share price is on a downward spiral every 6 months they are coming out with profit warnings so far 4 and counting. Most of the past revenue will be written off now,aggressive accounting springs to mind.Big Uncertainty surrounds the share price and investors hate uncertainty Letts has created a big hole even he doesn't know how big this write-off hole is, profit warnings seems to be on going 6 monthly problem Management don't know what write-off so many aggressive accounting skeletons, massive creditability issue, big uncertainty, investigation by the financial authorities With all this uncertainty share price could end up near 15p

[j777j] 13/4/2015 08:51

You are wrong Edison is paid researchN+1 SINGER house broker

[hamidahamida] 13/4/2015 08:49

J7Get your facts straight Edison is the house broker It's on blurs investors pagehttp://www.blurgroup.com/investors/

[j777j] 13/4/2015 08:27

Edisom is not the housebroker.N+1 Singer is.Their latest report states."Blur's problems in the past.Future looks bright."They are 9 months away from profitability and 6 months from cashflow breakeven.