Blur Group Share Discussion Threads

[hamidahamida] 17/4/2014 09:30

Aprox 30 million shares in issue30x£3= 90 million m/cap

[j777j] 17/4/2014 09:30

$5 million revenues was last year and this was a multiple of the year before.We already know this is going to multiply much faster this year.

[harrissen] 17/4/2014 09:27

bones
17 Apr'14 - 09:12 - 1753 of 1754 1 0


twaintwix, you should be looking at market value (even after the drop) of nearly £100m (GBP). That is all based on potential but by no means certain growth with a timeline of years (the RNS has all but said that).

Revenues (not profits) of USD 5m does not support this valuation in the current correction phase of the stock market cycle where techs with blue sky values are getting hammered for their lack of visibility of earnings.

This could easily fall to 100p and still appear over valued by a sceptical market. Not saying it will, but the market conditions could make it happen. Volatility is guaranteed whatever.
...........................


The Mkt Cap was 92m before today's drop it is now nearer 30% down on that at about 60m so where do you get your 100m from?

You are ignoring everything the CEO said in today's RNSs and putting your own negative slant on it. Looks to me like you sold out this morning and want back in cheaper.

[haydock] 17/4/2014 09:22

I remember years ago watching dear old Jeremy on Newsnight meet Bessos of Amazon.

I have never seen a bigger fruitcake in my life !!

Profits, what profits it was growing the platform & the business that counted.
Odd concept to take on board, seems the yanks can & we Brits cannot.

Growth looking good, time will tell if we can make a profit on this share or not.
Time over the next few months & years, not today.
Disappointed in some aspects ,not really surprised that they have problems quantifying the business, making sensible noises for the Brit profit model, but look at the growth of the platform.

That will be what counts in the end., I suspect.

[smarm] 17/4/2014 09:20

twain - read what Bones has said. You cannot sustain a valuation of £100+ million on $5m revenue and no profit (I presume) for very long. At some point a realistic valuation has to kick in.

Imagine you wanted to buy the company...what would you realistically pay for it?

My current target for BLUR is £3 but I wouldn't be surprised to see it back at £1 if revenue doesn't appear.

S

[bookbroker] 17/4/2014 09:15

Not actually sure if some of the analysts covering this stock fully understand the business plan, so how are they assimilating their forecasts in relation to revenue and profit, and the variable sizes and duration of projects?

[bones] 17/4/2014 09:12

twaintwix, you should be looking at market value (even after the drop) of nearly £100m (GBP). That is all based on potential but by no means certain growth with a timeline of years (the RNS has all but said that).

Revenues (not profits) of USD 5m does not support this valuation in the current correction phase of the stock market cycle where techs with blue sky values are getting hammered for their lack of visibility of earnings.

This could easily fall to 100p and still appear over valued by a sceptical market. Not saying it will, but the market conditions could make it happen. Volatility is guaranteed whatever.

[twaintwix] 17/4/2014 09:02

You need to read this carefully there are a lot of distinct positives here which will drive the price back up as they sink in.






RNS Number : 0308F

Blur Group PLC

17 April 2014

April 17, 2014

RNS

blur (Group) plc

Q1, 2014 Metrics Update

blur (Group) Plc (BLUR), the technology company that's reinventing commerce(1) at blurgroup.com, continued to make significant progress in Q1 2014 with high growth in the volume of submitted projects and average project values, greater penetration into global markets, and a broadening of services covered through the platform.

blur started 2014 with 52% of projects in the quarter coming from North America, the world's largest business services market. In addition, briefs submitted from Asia Pacific now account for over 12% of all projects through the platform. Significantly, more than half (58%) of projects were briefed to professional services outside of the Marketing category, proving the business model has viability and relevance across the services spectrum.

Philip Letts, CEO blur Group commented on the outstanding quarter:

"Our project values are ahead of plan and we have taken on our largest ever project worth $15m from our legal category. With the launch of blur 4.0, the latest version of our platform, we can now cater directly to an enterprise audience with more sophisticated project needs."

[j777j] 17/4/2014 09:01

The growth is faster than the co expected and of course that will lead to teething troubles re revenue recognition policies and so forth.

For long term investors,a more conservative approach will lead to more even and sustainable revenues.

I am not sure why if anyone sold today,they were invested in the first place.

This not due to lack of business,but rather to the fact the size of projects submitted are far higher than the company expected by this stage.

That is a good thing.


As of this am


$226,707,226

Value of Projects Submitted


Over 1,000% on the same period 12 months ago.

I will take that anyday.

[twaintwix] 17/4/2014 08:54

owenga
17 Apr'14 - 08:42 - 1746 of 1748 0 0


twaintwix - 17 Apr 2014 - 08:31 - 1740 of 1743 - 0
This is overdone!

A bounce back is a certainty. Will be blue by close tonight.

What news in the RNS justifies a 30% drop? There just isn't any!

Maybe the pitiful 5m revenue number for 2013. Yes revenue, not profit!

........................

Read the RNS properly!

5m recognized revenue may be pitiful to you but it is still 100% more than last year!

RNS Number : 0307F

Blur Group PLC

17 April 2014

("blur," the "Group" or the "Company")

Notice of Results and FY13 Trading Update

blur Group plc (BLUR) , the technology company that's reinventing commerce at blurgroup.com(1) , expects to announce its full year results for the year ended 31 December 2013 on 20 May, 2014.

During 2013, projects submitted to blur Group's Global Services Exchange have increased in value, complexity and duration, a trend that is continuing into 2014. This is a positive development for the Group as it continues to achieve many of its growth milestones earlier than anticipated. Since H2 2013 onwards multi million dollar, longer timeframe projects have started to be managed through the Exchange, which has resulted in extended periods between project submission, project kick-off and project completion. Due to these longer timeframes, the Board has taken a more conservative view of project revenue recognition with several larger value projects extending over several reporting periods or years and therefore a significant proportion of the revenue associated with project bookings achieved in 2013 will be recognised in 2014 and beyond.

As an increasing number of projects managed through the Exchange are larger and more complex, there may be an additional element where the project's value can be contingent upon either moving milestones or the performance of the expert. As a result of this evolving project characteristic, the Group has decided in the case of projects with a contingent element, to adopt a more conservative and prudent approach to revenue recognition. As a result, recognised revenue will be lower than expected for the 2013 financial year but with a significant value of deferred revenues relating to these projects now expected to be recognised in 2014 and beyond. Recognised revenue is expected to be in the range of $5.3 million to $5.6 million for 2013 (2012: $2.8m) with total project bookings for the same period of $22.2 million (2012: $2.4m), an +825% increase year on year. Of the remaining project bookings that carry forward, we expect the majority to be recognised revenue in 2014. This is evidenced by the strong financial performance in Q1 2014.

In the quarterly metrics for Q1 2014 (also released today), blur Group highlights an increase of 19 times the value of projects submitted compared to the same period in 2013. In addition, as highlighted in the metrics, the average project value has increased more than 7 times on the year before, mainly as a result of a higher than expected number of larger projects being submitted and managed through the Company's Global Services Exchange.

Summary - Financial Highlights

Year ended Year ended Change
31 Dec 2013 31 Dec 2012
---------------------- -------------- ------------- -----------
Bookings $22.2m $2.4m 825%
---------------------- -------------- ------------- -----------
Revenue (Recognised) $5.3m - $5.6m $2.8m 90% - 100%
---------------------- -------------- ------------- -----------


This conservative approach to revenue recognition ensures the Company has less exposure to any external impact on annual (reported) recognised revenues. These could be as a result of timeline delays to project delivery by either customer or expert, both of which are outside of the Group's control. blur Group grows its first mover advantage as illustrated by the continued increase in bookings which, accompanied by the adoption of a prudent approach to revenue recognition for larger projects, underpins a stronger financial position in the long term. This approach, in conjunction with the very strong quarterly metric results, means the Group is well positioned to continue its growth as it enters the second quarter of 2014.

[pyglet] 17/4/2014 08:51

I have never seen the word profit on any RNS. Always revenue. Enough said.

[stegrego] 17/4/2014 08:48

Forecast revenue was 9.7 million. They did 5.4. Dollars.

First of many missed expectations....

Cash will be getting tight as losses will be much higher than forecast. My guesstimate is 4 to 5 million loss. in pounds not dollars.

Cash balance?

[j777j] 17/4/2014 08:45

They are building a better more sustainable revenue model.They told us this back in January.
Nobody was expecting profits until at least 2015 anyway.

It will interesting to hear the broker comments later on today.

[owenga] 17/4/2014 08:42

twaintwix - 17 Apr 2014 - 08:31 - 1740 of 1743 - 0This is overdone!A bounce back is a certainty. Will be blue by close tonight.What news in the RNS justifies a 30% drop? There just isn't any!Maybe the pitiful 5m revenue number for 2013. Yes revenue, not profit!By the way what does "experts" mean in this context.Twain, I'll eat my hat if this ends blue today!

[milesoffshore] 17/4/2014 08:39

I really liked this company then red flags started to appear all over the place, the last one being when they tried to censor a review on trustpilot. Maybe a new management team could do better with their platform...

[stegrego] 17/4/2014 08:36

Al H ... You are spot on.

The people buying the services pay more for nothing really and the ones selling have their margins whacked, so must have to over price.

Middle men cannot take 20 percent.

And once people find a supplier, they can just stick with that one and so don't need to reuse Blur.

Whole concept and pricing structure is massively flawed IMO.

[stegrego] 17/4/2014 08:34

1st dose of reality....

Next dose coming up on results....

[twaintwix] 17/4/2014 08:31

This is overdone!

A bounce back is a certainty. Will be blue by close tonight.

What news in the RNS justifies a 30% drop? There just isn't any!

[al h] 17/4/2014 08:31

Have to admit I struggle with the 20% cut Blur takes here on completed projects. This is just adding 20% additional cost, going to a middleman who wouldn't otherwise be there if established companies just use trusted suppliers to do the work instead. Does the Blur system really save more than 20% by offering more choice of suppliers etc ? Not convinced myself.

[bones] 17/4/2014 08:30

Of which I have only heard of Danone.

[bookbroker] 17/4/2014 08:29

Letts was flagging this in early Jan., I don't know what the expected revenue was, only see the forecast loss on analysts who cover the stock, maybe someone could enlighten me, admittedly this should be seen somewhat as a positive as in future returns will be recognised when milestones achieved, accounting for potential earnings slightly opaque, so the more transparency the better, co. still offers very interesting concept, but another sharp dose of reality for those who climbed on the bandwagon prior to the change in share price direction, results cannot come too soon to enable forecasts to be accurate, however it seems that it might be difficult for accurate forecasts to be set while the model evolves!

[j777j] 17/4/2014 08:27

"Over 30% of projects kicked off in the quarter were from repeat customers, including several who have briefed more than 5 projects including Octopus Investments, Mipineye, Danone, Book Your Crew, Swift Judgment and Broadridge"


"blur started 2014 with 52% of projects in the quarter coming from North America, the world's largest business services market. In addition, briefs submitted from Asia Pacific now account for over 12% of all projects through the platform. Significantly, more than half (58%) of projects were briefed to professional services outside of the Marketing category, proving the business model has viability and relevance across the services spectrum"