Blur Group Share Discussion Threads

[jpsmithson] 17/4/2014 08:23

The declining percentage of projects that "kick off" compared to submitted is quite worrying. Are companies just testing the water and not actullay commiting. Also what percentage that "kick off" actually then go through to completion.

Very opaque at the moment and a very large market cap to revenues let alone profit or lack off.

[j777j] 17/4/2014 08:19

Talk about overreaction.Not sure why anyone would have been surprised by today's announcement as this was flagged in January.
Markets work in mysterious ways.

What is important is going forward, the metrics look great,of course building any new business is going to be rocky.

[hamidahamida] 17/4/2014 08:14

Placing might be on the cards plus uncertainty will drive share price a lot lower now

[bookbroker] 17/4/2014 08:11

I suppose one has to look forward, sure there's lots of naysayers out there, but there are many positives when you look at the level of repeat business that they are receiving from specific corporates, and the fact they now recognise that revenue recognition is only applicable at certain milestones, this is about credibility as much as accountability, but Letts should have seen this earlier, he needs a heavier hitting FD., who has some clout as much as influence over the exuberant CEO!

[hamidahamida] 17/4/2014 08:10

Can we trust mr Lettes anymore, in January he said everything was ok now profit warning.

[falklands] 17/4/2014 08:09

Bridge the gap with additional funds you mean another issue of shares ?

Mmm so when this going to be the next Microsoft ? Or will it turn into the next sugar eMail phone mess up remember that one ???

[eric76] 17/4/2014 08:07

Well that was a nice surprise not. Should we watch for the gap at c.£2 to fill before the results come out now?

[bookbroker] 17/4/2014 07:45

Correction - 'FD. opted out in 1Q'.!

[bookbroker] 17/4/2014 07:42

Is Letts a businessman or just a marketeer, maybe he needs to have a better understanding of accountability, perhaps he will be somewhat chastened now! Despite this I still believe in the concept of the co., now I understand why the FD. out!

[fromtheblue] 17/4/2014 07:38

Another 5 weeks to results is not good news in what amounts to a short term profit warning. The multiple larger projects will rapidly increase revenue and profitability in the longer term along with the increasing number of smaller projects. As discussed on this BB, project kick-off can take a lot longer than perhaps was envisaged. I suspect that they are having to change their business model and wonder whether they will have to bridge the revenue gap with additional funds, and that is the real cause of the delay in results.

Meanwhile 65 projects listed in the last 72 hours is a big step up from previous weeks.

[supersturrock] 17/4/2014 07:35

Clear to me that results delayed by having to sort out which 2013 revenues to recognise.

[joe_satriani2] 17/4/2014 07:32

I was expecting to see results today, now we have to wait another month? Fear this could get punished!

[stegrego] 17/4/2014 07:23

Over 4500 projects submitted yet only just over 1000 have ever 'kicked off' why is that?


Whilst the number of projects submitted increases each quarter, the number that actually kick off as percentage, reduces. This could be slippage on larger projects I suppose, to a degree.

Still shows that the submitted projects value that the website shows is next to useless.

Also, suddenly they seem to have realised that bigger projects might actually take a while to finish.... Shock.

Huge implementation risk in large projects and I don't think any have been completed as of yet.

Massive losses coming in results and they seem to have toned down the hype somewhat. They have already started lining up the excuses for future profit warnings......

[j777j] 16/4/2014 21:09

Large delayed buys sneaked through after the close.

[bookbroker] 16/4/2014 20:10

Just don't see why the need for a placing, I understand that they have been taking on staff, some of the projects were flagged as being of having a longer payback, however they have re-iterated that revenue and loss guidance showed little movement from earlier forecasts, and there is likely to still be reasonable levels of cash from the last placing, not sure where the uncertainty arises apart from what is deemed to be a delay in releasing full-year figures and/or Q1 metrics!

[dietcoke197] 16/4/2014 19:45

Looks like they have gone live this evening with blur 4

[malhashemi] 16/4/2014 15:59

I think the reason for delayed interims and drop in price last couple of weeks could well be to do with a placing .. I hate to think this is happening (risk of a large discount and dilution etc) but it's a real possibility. On the plus side, if there is a placing taking place, it may cast a cloud over the shares for a short while, but once out of the way, then we can go and focus back on the business at hand , so to speak

[j777j] 16/4/2014 15:57

Feels like they are on the way.

[fromtheblue] 16/4/2014 15:41

The increase in the number of projects listed and also their value increasing is great news. The trading update in January suggested full year results in early April - I would have expected them last week along with the 1st quarter metrics. With the cash burn rate high (as indicated in last year's interims), I only wonder whether revenue generation has not been sufficient to cover expenses at this time, and that suggests they may be tapping the markets for further funds before the larger projects produce sufficient income to cover costs.

[wisteria2] 16/4/2014 13:36

25th jan .....25th feb 11 million project value

25th feb ....26th march 23 million project value

26th march.... to date 37 million project value !!!

All these are round nos just what I scribbled down... GLA

[malhashemi] 16/4/2014 13:04

Up 10p.. On a day where they increased total project values by 10%.Steady on Blur .. Don't want to get ahead of ourselves now do we!

[j777j] 16/4/2014 12:28

It took years to get to $20 million in projects submitted.

Now they have done $25 million in one day.

Clearly the company is doing something right.


Last years results will be largely irrelevant.What counts is the outlook statement and further clarification on the monetisation process going forward and how large they see the opportunity ahead.




DYOR.