blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. As of July 2013, more than 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work. 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average brief value has grown from around US$1,500 in 2010 to US$10,800 in the first quarter of 2013. By mid-2013, more than 2,200 projects had been submitted with a combined value of over US$35 million. These have come from the US, UK, Europe, Africa and Asia with over 28,000 expert service providers on eight exchanges responding to them


http://blurgroup.com/

Do you actually own any shares Halifax and what part of " if it's going up buy it , if it's going down short it" didn't you understand ?

Well Done dc looking good :O)

Cheers Chris and thanks Harry for the update the other day.

It does'nt get a lot better

(from a n other board)

Liberum this morning


blur’s business has been showing three key positive trends which we see as reliable indicators of continued top line strength and future profitability. Exchange usage by larger companies is increasing, repeat usage by existing customers is rising and average project values are growing well ahead of expectations. In combination we believe this puts blur on course to becoming a major player in b2b e-commerce in services. We reiterate our buy recommendation, raising our price target to 700p from 400p.

n Increasing corporate adoption: For blur to succeed in its quest to become a major global e-commerce player, the exchange needs to become the preferred option for larger corporates to source small and medium-sized services projects. Recent trends at blur suggest that such interest and acceptance from larger corporations like eBay (over 50 projects), Momentive, Danone and Tyco is growing rapidly.
n Rising repeat usage: Increased corporate adoption is also leading to more repeat usage (up 288% YoY in H1’13), indicating high levels of customer satisfaction. It is also generating sharp increases in average project value (+42% YoY in Q3). Apart from helping sustain triple digit top line growth, these higher value repeat projects from larger customers helps increase profitability and visibility for the business.
n Heading for the big league: The above trends in blur’s metrics leaves us comfortable with our 140% CAGR sales growth forecast between 2012 and 2016, and positive EBITDA by 2015. In fact we regard our 2013 forecast to be highly conservative. blur remains on course to becoming the market leader and a significant player in b2b ecommerce in services in our opinion.
n Valuation upside: At 9x 2014 EV/sales blur is trading in line with its peer group of listed e-commerce businesses. However on a 2015 basis it is trading at 4.6x EV/sales, a 32% discount to the peer group at 6.7x. We believe this discount is unjustified as it arises from blur’s significantly higher sales growth levels. We therefore raise our price target to 700p, based on 6.7x forecasted 2015 EV/sales.

Blur Group: Liberum Capital raises target price from 400p to 700p and stays with its buy recommendation. :-))

That seems to have gone unnoticed today!

blur Group heading for the big league
By John Harrington October 29 2013, 11:47am blur remains on course to becoming the market leader and a significant player in b2b ecommerce in services, in Liberum's opinion.blur remains on course to becoming the market leader and a significant player in b2b ecommerce in services, in Liberum's opinion.

Services-commerce player blur Group (LON:BLUR) is heading for the big league, according to Liberum Capital, which has hiked its blur price target to 700p from 400p.

The crowd-sourcing specialist’s business has been showing three key positive trends that the broker sees as reliable indicators of continued top-line strength and future profitability.

“Exchange usage by larger companies is increasing, repeat usage by existing customers is rising and average project values are growing well ahead of expectations. In combination we believe this puts blur on course to becoming a major player in b2b [business-to-business] e-commerce in services,” Liberum argues.

The fast-growing UK tech company needs to press home its first-mover advantage and become the preferred option of larger corporations looking to out-source small and medium-sized services projects, Liberum believes, and recent trends suggest it is well on the way to doing this, with the likes of eBay, Danone and Tyco making increasing use of blur’s business services exchange.

“Increased corporate adoption is also leading to more repeat usage (up 288% YoY [year-on-year] in H1’13), indicating high levels of customer satisfaction. It is also generating sharp increases in average project value (+42% YoY in Q3). Apart from helping sustain triple digit top line growth, these higher value repeat projects from larger customers helps increase profitability and visibility for the business,” the broker asserted.

Liberum is sticking with its projection of compound annual sales growth of 140% between 2012 and 2016, and reckons the company should move into the black by 2015.

Though the shares have been a storming success since floating on AIM in October 2012 at 82p a share, but even at 475p a throw the shares remain significantly undervalued, according to Liberum.

Using the metric of enterprise value, or EV (essentially market value of the company minus the value of its assets) divided by sales, Liberum reckons blur’s multiple of nine is on a par with its peer group of listed e-commerce businesses.

However, once you factor in blur’s projected growth, then on the 2015 sales estimates the multiple drops to 4.6, which is a 32% discount to the peer group (using the peer group’s projected 2015 sales).

“We believe this discount is unjustified as it arises from blur’s significantly higher sales growth levels,” the broker concludes

blur Group passes 3,000 projects milestone
By Jamie Nimmo October 31 2013, 3:10pm The value of projects submitted to the exchange, which allows customers to outsource almost any task, has now exceeded US$70mlnThe value of projects submitted to the exchange, which allows customers to outsource almost any task, has now exceeded US$70mln

S-commerce specialist blur Group’s (LON:BLUR) Global Services Exchange has now been used 3,000 times by customers.

The value of projects submitted to the exchange, which allows customers to outsource almost any task, has now exceeded US$70mln.

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.

Over a quarter of the projects are submitted from the UK, 37% from the US and the remaining 37% from the rest of the world.

Past customers include the Financial Times, betting group Coral, and Butlins.

blur chief executive Philip Letts said: “The larger projects handled by the Exchange are having a knock-on effect - our customers’ own network of suppliers are wanting in turn to source their own projects and suppliers on the Exchange.

“The growth in project size shows blur’s ability to handle businesses of all sizes, demonstrating the scalability of the Exchange and enhances the appeal for service providers to switch to using s-commerce for new business and project sourcing in general.”

He added: “Alongside blur’s increasingly high value new projects we continue to achieve growth in repeat projects from our substantial number of smaller customers.”

blur’s shares traded flat on Thursday at 460p each, having risen almost 500% in 2013.

they seem to be on a steady course and their clients think so too. neither are they shy about their plans - they seem to be accelerating. nice piece of info in this interview: interview with CEO

Six quid next target but I'm bailing at 550p.

Dil, not sure why you'd want to do that unless you're just taking some funds off the table. Run the profit...

Won't chuck the lot but I'll be in for free.

Two significant marketing services projects

RNS


RNS Number : 4084S

blur (Group) plc

07 November 2013






RNS Release

7th November 2013

blur (Group) Plc

("blur Group" or the "Company")



blur Group announces two significant marketing services projects from India



blur Group, the company that is reinventing commerce at blurgroup.com, announces an Indian football team and an Indian technical service company have adopted the Global Services Exchange for marketing projects worth $2 million and $470,000 respectively.



Philip Letts, blur Group CEO commented, "This is yet another example of blur Group's global reach with two high-value projects from India. Forward thinking companies across the world recognize the convenience and agility of the Exchange as a platform for managing and delivering projects of all sizes. Committing this budget to the Exchange ensures choice, value and efficiency of delivery - a further testament to the power of s-commerce."



-ENDS-

blur Group unveils two big project assignments from India
By John Harrington November 07 2013, 7:12am Back of the net - again! An Indian football team is using blur's exchange for a US$2mln marketing project. Back of the net - again! An Indian football team is using blur's exchange for a US$2mln marketing project.

Services-commerce trailblazer blur Group (LON:BLUR) has bagged two significant marketing services projects from India.

An Indian football team and an Indian technical service company have adopted the Global Services Exchange for marketing projects worth US$2 million and US$470,000 respectively.

Since launching version 3.0 of its platform earlier this year, blur's exchange has been able to handle larger sized projects, as evidenced by these latest project assignments.

Philip Letts, blur Group's chief executive officer, said the deal was also "another example of blur Group's global reach".

"Forward thinking companies across the world recognise the convenience and agility of the Exchange as a platform for managing and delivering projects of all sizes. Committing this budget to the Exchange ensures choice, value and efficiency of delivery - a further testament to the power of s-commerce," he added.

Cheer's DC, just think where this Share price will be when eventually much bigger and more frequent projects come on to the exchange, as they surely will do when blur 4 is rolled out next summer!!

Thanks mcgrath1958.

UPDATE - blur Group reeling in bigger fish
By John Harrington November 07 2013, 1:12pm




Back of the net - again!

An Indian football team is using blur's exchange for a US$2mln marketing project. Back of the net - again! An Indian football team is using blur's exchange for a US$2mln marketing project.

---ADDS BROKER COMMENT AND SHARE PRICE---

Services-commerce trailblazer blur Group (LON:BLUR) has bagged two significant marketing services projects from India.

An Indian football team and an Indian technical service company have adopted the Global Services Exchange for marketing projects worth US$2 million and US$470,000 respectively.

Since launching version 3.0 of its platform earlier this year, blur's exchange has been able to handle larger sized projects, as evidenced by these latest project assignments.

Philip Letts, blur Group's chief executive officer, said the deal was also "another example of blur Group's global reach".

"Forward thinking companies across the world recognise the convenience and agility of the Exchange as a platform for managing and delivering projects of all sizes. Committing this budget to the Exchange ensures choice, value and efficiency of delivery - a further testament to the power of s-commerce," he added.

House broker N+1 Singer said the projects wins are highly supportive of its bullish forecasts.

“There is an increasing number of large-value, long lifetime projects being put on the Exchange, sometimes by first time buyers. These longer duration projects not only show the extent some corporate buyers are using the Exchange, but also provide blur better revenue visibility going forward. This trend is clearly continuing as evidenced by today’s announcement,” said Tintin Stormont.

“It is worth highlighting that the value of projects submitted so far in Q4’13 has reached US$20.5m, which compares against Q4’12’s US$4.0m and last quarter’s US$17.3m. With only a little over a month into the quarter, it is clear that the company is on track to deliver another record quarter of key metrics,” she added.

Shares in blur were up 1.7% at 459.2p in lunchtime trading.

Looks about ready for next march higher. Nice Indian contract wins, gaining wider appeal.

Opens Southern California Office

RNS


RNS Number : 8650S

blur (Group) plc

13 November 2013








RNS REACH

13th November 2013



blur (Group) Plc

("blur Group" or the "Company")



blur Group supports growth plans by announcing new Strategic Development office in Southern California









blur Group, the company that is reinventing commerce at blurgroup.com announces the opening of its Strategic Development office in Southern California. This office will be led by Mitch Faigen, blur's Chief Strategy and Exchange Development Officer who has strong business connections in the area. This is blur Group's second office in the US.



The team in California will be responsible for leading the development of blur's strategic plans and business model, measurement of metrics that drive revenues and profitability, and development of blur's future merger, acquisitions and joint ventures. As seen in its recent Q3 Metrics blur is developing globally and maturing at a fast pace. The Strategic Development office in Newport Beach, LA is opening to support rapid future growth, in a West Coast location able to take advantage of the area's technology business, as well as providing a second office in the Company's largest market.



Additionally, blur has strengthened its senior team by securing key talent appointments at its global HQ in Exeter, UK across partnerships, PR, engineering and design.



Philip Letts, blur's CEO commented "The US market has been our fastest growing geography and opening a second US office will position us for more growth. Our significant new senior hires from organisations such as Google, AOL, Expedia, Italia Online, Sapient and Lloyds Bank will support blur through its next stages of growth.



"Globally, s-commerce represents a huge attainable addressable $1tn+ market and blur needs to be in a position to support this type of growth. Our new office in Southern California shows our intention to deliver a global technology innovator and continue our market leadership in s-commerce."

-ENDS-

LISTEN: blur Group - New strategic development office in Southern California

Click here to listen

UPDATE - blur Group opens second US office
By John Harrington November 13 2013, 10:28am 'Globally, s-commerce represents a huge attainable addressable $1tn+ market and blur needs to be in a position to support this type of growth,' said blur's boss, Philip Letts."Globally, s-commerce represents a huge attainable addressable $1tn+ market and blur needs to be in a position to support this type of growth," said blur's boss, Philip Letts.

---ADSS BROKER COMMENT AND SHARE PRICE---

Crowd-sourcing firm blur Group (LON:BLUR) has opened what it calls a strategic development office in Southern California.

The office, blur’s second on the other side of the pond, will be headed by Mitch Faigen, who is blur's chief strategy and exchange development officer.

The California team will be responsible for leading the development of blur's strategic plans and business model, measurement of metrics that drive revenues and profitability, and development of blur's future merger, acquisitions and joint ventures.

The office will support rapid future growth of this fast-expanding business. It gives blur a presence in a state that is famous worldwide for its focus on technology and doubles the number of offices the company has in a country that is its largest market.

Back in Blighty, blur said it has strengthened its senior team by securing key talent appointments at its global headquarters in Exeter, across the areas of partnerships, public relations, engineering and design.

Philip Letts, blur's chief executive officer, commented: "The US market has been our fastest growing geography and opening a second US office will position us for more growth. Our significant new senior hires from organisations such as Google, AOL, Expedia, Italia Online, Sapient and Lloyds Bank will support blur through its next stages of growth.

“Our new office in Southern California shows our intention to deliver a global technology innovator and continue our market leadership in s-commerce."

House broker N+1 Singer said: “blur Group continues to build on its first mover advantage by strengthening its platform – both in terms of technology and organisational structure - to support its rapid growth. The group’s ambition and focused execution keep us optimistic about its prospects and its ability to corner its share of the addressable US$1tn corporate services market.”

Shares in blur were up 0.8% to 449.5p in late morning trade.