Blur Group Share Discussion Threads

[jonc] 17/4/2014 21:00

lol.

The last time I saw you posting you were ramping CUP.

Enough said.

[j777j] 17/4/2014 20:52

Conjecture,we would expect nothing less .

[jonc] 17/4/2014 18:43

Now you know why James Davis resigned. He would not bow to pressure from the board on income recognition. Spurrier was more compliant but this has now been kiboshed by the auditor's hence the delay in releasing the accounts. This company is now toxic and should be avoided at all cost.

[pyglet] 17/4/2014 16:22

Day before Good Friday! A good day to bury bad news!

[stegrego] 17/4/2014 16:09

Blur Group - Reinventing shareholder losses for the 21st Century.




Any takers for their new strapline?

[mega_trader] 17/4/2014 15:29

Mmm, interesting comparison, asbestos vs cloud procurement!

Reminds me more of a variation of ebay ... whats that worth lately!. Look forwards not backwards.

[bookbroker] 17/4/2014 15:21

Lett's has to step down if you ask me, he should assume a role as head of strategy, but CEO he is not, he can talk all he likes about metrics and milestones, but this reminds me of SID last year, lots of hot air and then BANG!

[j777j] 17/4/2014 15:20

Markets and investors are fickle as we know.

There is nothing in today's statement that changes my view that this is a very exciting growth story.

[mega_trader] 17/4/2014 15:18

Booky, the people at the rock-face arn't supplying the projects, that comes from the clients, and that's all that matters ultimately. If the system works it should be effectively be automated to a large degree.

I'm looking at the project value and count growth. I like it. Can only see this increase.

[milesoffshore] 17/4/2014 15:09

The brutal truth is that now the board & management have zero credibility with the market

[bookbroker] 17/4/2014 15:09

J777J - I understand your angst, pretty hacked off myself as down several K today on this one, should have pulled the trigger at 8.00.01 this morning, but hesitated as regard this as a young co., the general consensus is that this is a valid business model that simplifies business to business projects without the need for a vast amount of research, and the organisations using the platform suggest that, however the value of the co. rests on its management, Letts is dynamic marketing man, the rest are a bunch of nobodies, look at their profile under the directors, the advisors are top-notch, Archie Norman and Kevin Lomax, but it's the people at the rock-face that matter, you cannot let the market down these days without being crucified and investors deserve better!

[j777j] 17/4/2014 15:00

The fact that they are getting increased numbers of repeat business also negates some of the highly irrational arguments being made.


As the above posted states this is not revenue lost,merely deferred.Huge difference.

[mega_trader] 17/4/2014 14:56

Mattjos, you really don't understand what your talking about do you. If you want put a million dollar project together by "googling it" you'll soon find it takes more time and effort than its worth. And that's where blur come in.

They won't lose out here, the revenue/profit is just deferred to a later date.

Still looks a good business with management who know their environment imo. If they are a market leader then they're worth every penny.

[j777j] 17/4/2014 14:53

They generate revenue as soon as they hit the exchange,so not sure what you are talking about.

Also if projects submitted are 1,000%up on the same time last year,they still end up with a massively higher amount of projects completed.Am not sure where you are coming from re low number of projects completed.

[bookbroker] 17/4/2014 14:51

Thing here is with such a thin market the moves are considerably exaggerated, MMs push a handful of shares around simply dripping the price down, off course when the penny is turned it causes the price to march up on tiny volume, Letts should explain the low number of projects completed, the figures are certainly opaque, not merely good enough to trumpet increasing number of projects listed unless they are revenue generating, investors are not going to listen to them now, it's all about profit and loss, he needs to grasp that between now and actual results, beginning to think he is a bit 'Duke of Kent'!

[j777j] 17/4/2014 14:42

Down 40% with just 2.5% of the outstanding shares changing hands.


Hmm ok

[blueball] 17/4/2014 14:39

Try to believe this is probably worth around 150p a share.

[haydock] 17/4/2014 14:21

One of todays favourite comments:

Its very worrying that only around 25% of projects appear to actually get off the ground.



Metrics Q1 2012 Q1 2013 Q1 2014
--------------------- -------- -------- --------
Projects submitted
in the quarter 129 359 1,031
--------------------- -------- -------- --------
Value of projects
submitted in the
qtr. $1.36m $3.89m $73.7m
--------------------- -------- -------- --------
Average submitted
project value $10,500 $10,840 $71,500
--------------------- -------- -------- --------
Projects kicked off
in the quarter 31 110 210
--------------------- -------- -------- --------
Total experts 14,318 25,310 38,175

Not really feasible to draw any conclusions on completed projects, from this data.
Not intended to really give any other info except to show the massive rise in projects.
31 to 210 completed or otherwise is far from a company going in the same direction as todays share price


Mind you H./Lansdown have made a good attempt at spinning the figs on their web -site;


Blur Group's shares plunge on 2013 revenue warning

Blur Group's shares plunged after warning that revenue from some projects in 2013 would not be recognised until 2014 and 'beyond'.

Revenue will, therefore, be lower than previously expected for the 2013 financial year, the tech group said in a trading update on Thursday.

The company predicts revenue between $5.3m to $5.6m, compared to $2.8m in 2012, with total project bookings for the same period of $22.2m, up from $2.4m the prior year.

The firm said longer time-frame projects have started to be managed through the Exchange, which has resulted in extended periods between submission, kick-off and 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," the company said in a full-year 2013 trading update on Thursday.

Shares tumbled 33.70% to 300p at 11:19.

Nowt positive there then, amazing for a company not expected to make profits until 2015 anyway.

[harebridge] 17/4/2014 14:14

Yet another con on Aim

[j777j] 17/4/2014 14:09

My understanding is they get paid something as soon as a project is listed


"In the event these projects are listed on the exchange, they will generate revenue for the group."

[bookbroker] 17/4/2014 13:53

He's also going to have to watch those hirings if the revenues weak, dread to think how unproductive some of the staff are, does anyone here live near Exeter, I'll be down there for a few days in May, might just take a stroll round to their offices and invite myself in!