Blur Group Share Discussion Threads

[homer8] 16/3/2017 14:15

For someone who claims he is not a short or long Dusseldorf is very persistent in knocking the company without inside knowledge. Anyway cup and handle shape has formed. Everyday there is no announcement means it is closer everyday to an announcement.

[boysie72] 16/3/2017 12:13

I was referring to Dusseldorf's post.

[kemche] 16/3/2017 10:55

I am very positive. Letts is ace. As is the company.

[boysie72] 16/3/2017 10:42

Are you personally involved in the final negotiations then, and have insight in to the contracts and the financial landscape of Blur and what their plans are?? Thought not.You need to be positive, else there's no point in holding the stock if you're so negative.

[kemche] 16/3/2017 10:39

I was told it was worth 800p.

:)

[dusseldorf] 16/3/2017 10:28

Blur will dilute existing holders by circa 50%+ in the coming weeks as they need funding to continue trading past July. The RNS'd contract initial value will only be worth $200-300k IMO, which is enough to cover ONE MONTHS cash burn. This remains high risk irrespective of what price manipulation has gone on.

[boysie72] 16/3/2017 08:54

'Blur expects the negotiations to conclude in the forthcoming weeks'.That was the statement on the 7th March RNS. Difficult to see how negotiations will fail now. With only 47m shares out there, a long term multi-million pound contract with potential to sell to others is only good news. Can't see exclusivity being given as this limits Blur's financial potential. Could there be a take over? Highly likely, especially if the product is unique and brings superior benefit to a large global company who may in turn license the product. Who knows? Definitely worth holding until negotiations are finalised. GL all that hold.

[chrisbenno82] 14/3/2017 13:18

Any chance of blur being involved in any way? We can dream!http://www.bbc.co.uk/news/technology-39265275

[deltalo] 13/3/2017 18:53

Nice to see that delayed trade of £119k. A few of them have been popping up, as last week there were a £58k and a £200k buys. Big investors are starting to return. They will push this up fast.

[ch1rp] 13/3/2017 13:40

Steady rise today!

[j777j] 13/3/2017 10:10

You are absolutely correct.Ex holders and the regular bears are seething with bitterness.


Markets look ahead.They are investing looking in the rear view mirror.

[boysie72] 13/3/2017 10:08

Ahhhh.... AI H is so consumed with such bitterness that likely stems from their own financial losses, that they're wishing losses on other people!What a moron.GL if you hold.

[j777j] 13/3/2017 10:02

You won't be laughing if it is at 40p a share.Still well below IPO price.

Ceo Letts banked almost £4 million at around 380p a share,so he could easily subscribe at these levels.

[kemche] 10/3/2017 13:15

Good one deltalo!

[deltalo] 10/3/2017 12:59

This will end the day up. Next week will se investors returning as we get ever closer to finding out who the global company is and how many millions we get. Good entry price.

[leedskier] 09/3/2017 12:47

Currencycloud Secures £20M ($25M) From GV and Existing Investors to Boost Further Global Expansion

9th March 2017: London and New York - Currencycloud, the world’s leading cross border payments platform today announced £20 million (US $25M) in Series D funding with a new investment from GV (formerly Google Ventures) and additional funding from the existing investors – Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis. Total investment in the five-year-old company now stands at £44 million ($61 million).

[smithless] 09/3/2017 10:46

I'm neither long or short at the moment in this stock. I do my research and gauge sentiment and if someone can talk me out of my conclusions, I'm more than happy to listen - happen on many occasions. If you can argue it can carry on the cash flow break even without coming back to the market in the short term i'm all ears. If your happy with your research please keep on buying.

[homer8] 09/3/2017 09:54

Smithless, you are just repeating Dusseldorf.
As you pointed out that article was from the interim stage in Jun 2016. That is a health warning like on the cigarette pack then. They were just entering into negotiation with the large enterprise companies and do not know the outcome.
Since then the Law firm work has been won and this IT company very soon.
Regarding Steve Moore, well if he is very good in picking winners he would be opening up his own company and making million for himself.

[dusseldorf] 09/3/2017 08:59

From interim results last year (for reference the period in question is up to June 30th 2017:
However, beyond the forecast period the Group will need either to substantially increase its revenues or take actions to ensure it remains sufficiently funded. As with any disruptive, evolving technology company there is always an inherent risk over the ability of the Group and Company to continue as a going concern if forecasts are not met and cash resources are not adequate.

Also..
The Company will host a Capital Markets Day at the Group's offices in Q4 2016. Chaired by Philip Letts, Chief Executive Officer, the day will focus on the company's pipeline, operations and technology and will provide an opportunity for analysts and investors to meet management. Further details will be made available in due course.

Does anyone know if this happened - there was no update as promised AFAIK

A bit of research suggests I'm not alone in my view Steve Moore on share prophets finishes his piece on Blurs ramparoony RNS with

The shares spiked to more than 18p in December before slumping back – and I consider this latest spike, on the back of a ludicrous announcement, a further selling opportunity for any holders as we head towards a bailout placing being required.

[ch4p_85] 09/3/2017 08:37

Smith less I am assuming your midas right over on LSE?

[smithless] 09/3/2017 07:51

Had $2.5m at 31 Dec 2016. Burning on av $300,000 per mth = was 8mths of cash left, now 5mths (31 March)and that's with no hitches. It will have to grow its revenue exponentially over the nxt few months keep going, thus a cash call IMHO. Time will tell

[homer8] 08/3/2017 22:27

Interview with CFO some months ago which hinted that money should be sufficient from the title. Note below that Tim said "two or three such contracts would suffice to transform the firm’s outlook".

"We have enough runway", Blur Group finance chief says
Alexander BuesoSharecast | 22 Aug, 2016

Blur Group had a plan and was cautiously confident of success, the company’s finance chief told Digital Look.
In an interview at Digital Look’s offices, on 17 August, new finance director Tim Allen struck a positive note on the restructuring put in place at the digital marketplace.
“We understand where we are, [we have] great predictability,̶1; he told us.
A succession of missteps between 2013 and early-2014 had seen this previous high-flying stock brought low, but it was now busy refocusing its efforts on larger (and more profitable) corporate clients and cost-cutting and Allen believed his firm, “still had runway”.
“We have control”, he told Digital Look.
Blur had also shifted towards a ‘cost-to-access’ model for its marketplace, which allowed clients to engage with up to approximately 3,000 active suppliers, with branded content providers and web/app designers a particular strongpoint.
Allen was named finance chief on 16 December 2015, close on the heels of David Sheriff’s appointment as the company’s non-executive chairman on 30 September of that same year.
Critically, on 11 August AIM-listed Blur notified the market that at the half-year stage its rate of ‘cash-burnR17; had been reduced by 58% when compared to the year-ago period.
Management’s efforts were now centred on getting its pilot-phase clients, numbering “less than 20”, over the proverbial finishing line.
Three of those larger corporates were now near the end of their initial phase and two or three such contracts would suffice to transform the firm’s outlook, Allen believed.
Ironically, the recent slowing in the economy post the referendum vote might prove to be a tailwind for his company, as corporates looked to cut costs via digital procurement.
Allen referenced third-party industry research to back up his claim, pointing out how a typical firm could aim to slash its costs by between 20% to 30% using services such as those provided by Blur.
The company was due to hold a Capital Markets Day at the group’s offices in the fourth quarter of 2016.

[kemche] 08/3/2017 16:13

smith, stop bringing sense into it!