Blur Group Share Discussion Threads

[malhashemi] 20/3/2014 07:33

This RNS mentions the USD 15mn as grids revenue, not in terms of project values as previous RNS typically did. So unless I am confused about terminology here, but this means the value associated with that project is USD 75mn? (Bearing in mind revenues are 20% of project values). I guess what's also confusing is how much the USD 15mn off that project have already been recognised in Revenues for 2013, and how much with be recognised this year.Clearly a good-news RNS, but could do with a bit more colour on the details ..

[milesoffshore] 20/3/2014 07:31

Bit confused by 'gross revenue value of $15m' - surely they don't count project value as revenue? Or is this project $75m??

[pyglet] 20/3/2014 07:19

I wonder if it's already been reflected in the metrics

[mustau] 20/3/2014 07:09

Should see fire in the price today.

[mustau] 19/3/2014 22:04

Seems we are in a rut, hoping results will change this but I doubt somehow.
NYSE listing Letts go for it!!!

[j777j] 18/3/2014 13:12

New broker comment from Proactive investors website....

Highlighting blur's success at introducing new categories, broker N+1 Singer said that in January last year, blur launched its technology and legal categories.

As at Q4 last year, the technology exchange accounted for 20% of all projects submitted, it noted.

"Continued investments in technology, people, and infrastructure should allow the group to disrupt a bigger percentage of the US$2tn corporate services market," said analyst Tintin Stormont, who noted the company was still at the early stages of its journey, but with strong execution, should reap the strong network effect benefits from having built its s-commerce platform

[haydock] 18/3/2014 10:11

When we have the figs for Blur we shall be in position to draw conclusions re valuation etc.
However is this the way to look at this & other similar companies?

With admittedly only one eye on the CNBC. feed, yesterday there was some discussion on the huge IPO about to happen in N.Y.



It seems & correct me if I am wrong that there is wild enthusiasm for this event.

It also sounds to be the case that there are very few if any accounts to back all this up & that they are driving a coach & horses past some of the tighter regulations that would have been the case had they floated in H.K.

Stateside they seem to value companies like Blur on the likelihood of it becoming a large section of the web, regardless of the profits, if ever.
In the UK we plod along with the balance sheet.

2 thoughts:
Blur should float on the NY mkt.

I do hope the paper rich yanks are not doing it all again, especially being taken for a ride by the Chinese!

Jim Cramer, commenting was not happy,

[fardistanthills] 18/3/2014 09:06

I thoght that bit in the trading statement was very easily understood too.
All very promising

[milesoffshore] 18/3/2014 08:30

Exactly what it says i imagine - a $5m project is going to be more complex and take longer to deliver (and yes receive payment for) than a $5k one

[verymaryhinge] 18/3/2014 08:27

from Panmure

Blur announces two new categories on its Global Services Exchange; Video and HR Services. Blur values these markets at $12bn for video ad spend and HR Services $53.4bn in 2017. We like the news as it expands the available market and it dovetails nicely with blur's proven expertise in marketing, creative, technology and professional services. Also both markets should play, in our view, to the theme of long tail expertise being available for the first time to global fortune 1000-type companies - and that is where blur has enjoyed its success to date. The news is ahead of finals - expected in April - until then we retain our Hold.

[bookbroker] 18/3/2014 08:06

Exactly what it says, benefits to show in 2014 rather than 2013, a good thing as any business is always looking forward, 2013 history as they say so not really relevant in terms of results, it's all about maintaining growth and traction here!

[yump] 18/3/2014 08:02

Be interesting to see what this means (from trading statement):

The Board currently anticipates revenue performance for the year to be broadly in line with market expectations bearing in mind that sizeable projects in progress at the year end will provide more material benefits through 2014 and by their nature have more complex delivery, timing and revenue recognition parameters.

[lauders] 18/3/2014 01:51

Well I think that the HR side could be really interesting in future if it gains traction. I like it and hope it gains momentum moving forward:

"HR Services will offer three main project types: Executive Search and Selection; Training and Development; and Benefits and Remuneration planning. For Search and Selection projects, companies will now be able to brief outside the traditional headhunters making the process more competitive and opening up the long tail of providers. blur will follow its established launch process for a brand new category, by building its expert crowd of HR providers globally and launching for projects when critical mass is reached. This approach has seen it rapidly build 8 successful verticals to date. HR experts can start to sign up with the launch of 4.0 and it will be open for projects later in the year."

Big market to go for from the rest of the release too!

[pyglet] 17/3/2014 12:18

Good write up in companies section of today's FT page 24.

[hazl] 17/3/2014 07:56

Philip Letts, blur Group CEO, said:

"Video has always been a popular project on the Exchange; driven by an incredible array of expert providers around the globe who are able to be more competitive by working directly through the platform. However we recognized that these providers could deliver on the full gamut of production and further disrupt the older style network agencies. We saw a similar opportunity for disruption with HR Services: a huge potential market with many companies looking for outside expertise and support. And for expert search and selection, it's another segment that has been characterized by a small number of very large providers, whereas better expertise often exists outside this. So we look forward to seeing those large providers join the Exchange and compete on a level playing field for new business."

[pyglet] 13/3/2014 18:49

Will it reach 5000 projects by final results??I say yes!

[hazl] 13/3/2014 12:03

just a reminder of some of the write-ups
from p r o active

'Crowd-sourcing trailblazer blur Group (LON:BLUR) appears to be aptly named; since floating in October 2012 at 82p the shares have risen faster than the eye can register, and now trade at 584.25p. All of the explosive growth came in 2013, with the shares rising 634% as the market got its head round blur's business model and the way the company is reinventing what it calls services commerce, or s-commerce for short.

A succession of milestones were passed by the group during the year, with the interval between them getting shorter each time. In October, the group announced that its Global Services Exchange had been used 3,000 times by customers.

The value of projects submitted to the exchange, which allows customers to outsource almost any task, had exceeded US$70mln by the end of October. By mid-December, that figure had risen to US$104mln.

The crowd-sourcing company took four years to reach the 1,000 briefs mark, another year to achieve 2,000, and less than six months to reach the 3,000 project milestone in a testament to its growth profile

[hazl] 12/3/2014 13:48

its a bad day on the markets sure to be reflected across the board imo

[bookbroker] 12/3/2014 09:56

You gotta remember it's not so much about the loss, it's about the growth and traction for their business model, so far they have not put a foot wrong, exceeded expectations to be honest hence the valuation, even if this co. continues to lose money for two years, albeit relatively small, it is still about the model and position in the market, investors in this co. just do not help cos. to develop, it's hardly surprising that despite a lot of talent here this co. will never get anywhere near the US or anywhere else in terms of creating returns in all areas of tech, bio. or IT! The investment community is simply too concerned about todays returns, staggers me that Ocado and AO.com can trade on such ratings here, to name but two cos.

[milesoffshore] 12/3/2014 09:44

I don't expect BLUR's results to be too exciting, all I want to see is that they are cash generative enough to finance their own growth...

[bookbroker] 12/3/2014 09:31

Terrible, don't know what the market expected from Cbuy!

[milesoffshore] 12/3/2014 09:03

Probably on the back of terrible results from CBUY...for some reason these two companies are often put together even though what they do is completely different!