CEO. Interview A very poor effort by the interviewer, waste of time, but some snippets.Video interview with COO Stephen Harvey[link] Stephen Harvey, the chief financial officer of blur Group (LON:BLUR), says the group is confident it can reach profitability expected in the fourth quarter of 2015 with its existing cash resources.
Innovators & investor Forum Not a holder but see Blur is on the list of exhibitors for the 3rd Feb forum at The Business Design Centre, Islington, London. Might be an opportunity for holders based in London to go along a kick the management
RNS Reach baloney Another Christmas cracker RNS from the same people who brought you missed forecasts, nonsensical press releases and a completely useless CEO.This latest gem talks about several large clients submitting projects to the exchange but makes no reference to project size or even if/when the project might conclude.Given that the vast (vast, vast) majority of projects don't complete and therefore don't generate a single penny of revenue for blur, this RNS is a bit like saying you're going to win the lottery simply through buying a ticket.Imbecilic gibberish but entirely par for the course.
Re: info "Buy Target price 122.74p"How can anybody take seriously this sort of spurious accuracy. It's just daft and undermines all credibility in the forecast.
Enterprise customers [link]
Re: P Mac Actually, my last post was incorrect. The market still doesn't see blur as it should cos a market cap of £30M is patently ridiculous. Just not as ridiculous as £150M...Off to find QG for a bit of Friday fun. My new investment strategy is to short anything he tips...
Re: P Mac I'll take that as a compliment. Shame the wind is out of the sails on this one and I miss Queengambits BUY comments but thankfully the market now sees blur as what it is. QG is now over on the Quindell board telling everyone it's a '10 bagger'. If that man had a quid for every brain cell in his head he'd have....8 quid.
P Mac Dear P MacColleagues at work think you are me.I wouldn't change a word.To be fair I think that you and I are now about the only ones still interested in this case study of stupidity and I'm only interested so that I can tell my mates 'I told you so' when everyone works out this is three cups and no pea.....DJark
info GCERblur GroupTrading Update blur Group has issued a trading update. While revenue will be below expectations, we note that revenue growth has been strong and that its exchange has attracted a number of major brands and repeat customers, thereby demonstrating the increasing popularity of buying and selling business services online as well as the value that blurs platform can provide to businesses. After updating our forecasts, we still feel that the group has sufficient cash resources to sustain it through to profitability and to be cash flow positive. Accordingly, we reiterate our buy stance, with a target price of 122.74p. Click to Download Full ReportTable: Financial overviewYear to 31st Dec. 2012A 2013A 2014E 2015ERevenue ($`000) 2,807 4,779 11,029 20,263Gross profit ($`000) 728 1,165 2,978 5,268EBITDA *($`000) (1,818) (6,371) (8,476) (6,186)EPS* (cents) (8.8) (23.1) (24.5) (16.3)Net (debt)/cash ($`000) 4,453 9,562 19,115 10,204Source: GECR and companyBuy Target price 122.74p Key data Share Price 63.00p52 week high/low 780.85p / 59.50pPrimary exchange AIMEPIC BLURShares in issue 47.09mMarket Cap £29.67mSector Software & Computer Services
Dear Phil.... ...if you're reading this message please stop fluffing up your RNS statements and simply tell shareholders what you mean.Honest yo God no-one will lampoon you for being the over-promise-under-deliver tin pot company you clearly are. If you just tell it like it is then investors won't get a surprise when your ridiculous 'bookings' numbers ends up leading to a stonking loss when none of it converts to the more established and well understood metric of 'revenue'.Watching you closely as ever from cyberspace.P Mac.