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/

DC

Good Pitch.

All services offered are available without using third party such as Blur.

I wont be selling my Company services on this site at 20% net of VAT.

Would I invest? No

Model can easily be copied and with lower costs.

That's what I've been saying : it's an online yellow pages.....this is good if you live in a remote part of the world...otherwise..can't see the point of it...

Agree CD I would not invest now having an insight into the figures the company has released, but early on a very good sp growth company and very much one to have invested in, with the sp rising from a couple of quid to over £8.

Have to agree DC on above comment! Out at 1.90, took a hit, should have bailed out sooner, highsight a wonderful thing! When it crep back to 3 pound, look liked going back slowly until that 2nd profit warning hit out off the Blue! I won't but into this again! Too much Damage done with reputation now! Be a long slow rise!

Come on McGrath1958 find us the next WANDisco. :-))

I wish i could DC !! Been watching LPH climbing recently though !

lol

Still going strong at 89p now,
certainly no rush to push the share up fast
not with this type of volume

but yes with this volume
a 85K buy has given the stock a push alright now 95.50p +7.50p

Going great guns this morning up to 100p

Not able to break and stay above 100p has attracted the sellers

sold for a 19% profit on 12 days

Big faller today.

Bought back at 91.65p

Last Friday large drop was a MMs plot for the share price reach the maximum 78.6% Fibonacci retracement.

this morning buyers are back and by the look of the Level 2 is ready to go soon

How she have been performing for the last few days

Result of Open Offer

RNS


RNS Number : 2077J

Blur Group PLC

10 June 2014






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.



THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY NEW ORDINARY SHARES, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER WITH RESPECT TO THE PROPOSED PLACING AND OPEN OFFER OR OTHERWISE.



blur Group Plc

("blur Group" or the "Company")



Result of Open Offer



On 23 May 2014 blur Group plc (AIM:BLUR), operator of the business services marketplace at blurgroup.com, announced that it had conditionally raised approximately $20.0 million (£11.9 million) (before expenses) through the issue of 15,873,015 new Ordinary Shares by way of a placing at a price of 75 pence per new Ordinary Share ("Placing") and up to a further $2.0 million (£1.2 million) through the issue of up to 1,587,314 new Ordinary Shares by way of an open offer to qualifying shareholders on the basis of 3 open offer shares for every 56 existing ordinary shares, at a price of 75 pence per new Ordinary Share ("Open Offer").

The Company is pleased to announce the result of the Open Offer which closed for acceptances at 12.00 p.m. on 9 June 2014. Valid acceptances including excess applications have been received in respect of 2,645,506 Open Offer Shares, representing a total of approximately 166.7 per cent. of those Open Offer Shares available under the Open Offer and as such the Open Offer has been oversubscribed.

All valid applications in respect of basic entitlements under the Open Offer have been met in full and a scaling back exercise on a pro rata basis to existing holdings has been undertaken in respect of applications for Excess Shares. The Company has therefore raised gross proceeds of $2.0 million (£1.2 million) through the Open Offer and $22.0 million (£13.1 million) in total.

The Placing and Open Offer remain conditional on, inter alia, the passing of the Resolutions at the General Meeting to be held at 12.00 p.m. on 10 June 2014 at the offices of blur Group plc, Eagle House, 1 Babbage Way, Exeter Science Park, Clyst Honiton, Exeter, Devon EX5 2FN.



This announcement should be read in conjunction with the full text of the circular dated 23 May 2014, published in connection with the Placing and Open Offer and defined terms used in this announcement shall have the same meaning as those terms defined and used in such circular.

Philip Letts, blur Group CEO, said:



"We are delighted by the broad support shown by so many of our shareholders through the Open Offer, including members of the board. These additional funds will provide further working capital to support blur Group in its next stage of growth."

blur upbeat

StockMarketWire.com

blur Group continued to make significant progress in the first quarter of this year, shareholders at the annual general meeting later today will be told.

Chief executive Philip Letts says the group saw high growth in the volume of submitted projects, greater penetration into global markets, and a broadening of the services available through the platform with the introduction of HR and Video categories.

He will say: ""The launch of blur 4.0 at the beginning of the second quarter provided a unified browsing experience from any device as well as building on the platform's capability to support enterprise class projects as they continue to grow. May 2014 saw the submission of the 5,000th project to the Exchange and total project values submitted to date have passed $270m.

"Furthermore, the Board are confident that the more prudent accounting and reporting policies and practices implemented following year-end, largely as a response to the increased complexity and duration of enterprise level projects coming through the Exchange, will underpin the future performance of the business. "The board believes that the added investment of $22m from the placing and open offer, together with a strengthened finance function and the planned appointment of a new CFO all based out of our global HQ in Exeter, will enable the company to maximise its market opportunity and support it through to profitability and beyond."

Trading Update

RNS


RNS Number : 7921L

Blur Group PLC

09 July 2014




blur Group Plc

("blur Group" or the "Company")



blur Group announces first half 2014 project bookings up by over 200%



blur Group (LSE: BLUR), the s-commerce company, today announces project bookings* for the first half of 2014 have increased by more than 200% year-on-year to $16.04m (H1 2013: $5.2m).



Continuing the trend seen in the latter half of 2013, s-commerce is being increasingly adopted by enterprise customers, with Amazon, Solvay, UTI, Menard, Incisive Media, Sabre, and CBRE starting projects in Europe, North and South America and the Middle East during the first half of 2014. All customers are now benefiting from the latest version of blur Group's platform, blur 4.0 which was the major technology release in the first half of the year, and joins nearly 50,000 business buyers and sellers operating on the Exchange.



Key to blur Group's global reach and growth are its partnership programs and the Company is pleased to have partnered with GAIN, an initiative from the University of Plymouth, to bring global opportunities to businesses in the local region in which it has located its head office. blur Group also announced partnerships with AMS and now has a referral partner network of nearly 1,000 organisations worldwide, including larger partners such as Alibaba.



"Launching version 4.0 of blur Group's s-commerce platform was integral to enterprise customers adopting the Exchange," commented Philip Letts, blur Group CEO. "We were particularly pleased to see additional projects from companies including Amazon, Sabre and Canadian Cancer in this period, reinforcing our focus on customer experience and retention."

Still going South.

a typical rocket and stick company i'm afraid

blur Group – ‘a stronger foundation for growth’? Not yet
BY STEVE MOORE | WEDNESDAY 16 JULY 2014

4


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Since my previous update on blur Group (BLUR), the shares have slipped further – to a current 75p. Having at one stage early this year reached almost 800p, some see value at current levels. But is this illusory?

A recent half year “trading update” reported project bookings growth which researcher Edison notes “shows that the flow of business into the exchange continues to gather momentum”. The researcher added that “while preceding events have been a chastening experience, with the balance sheet strengthened and tighter receivables policies, blur is in better shape to grow into the significant opportunity ahead… if blur can continue to grow revenues exponentially for five years beyond the forecast period, the shares would be worth many times the current share price”. Despire this, there appear to be some nagging concerns still to overcome here;

- Edison notes that the 2013 results showed “receivables at $5.5m represent over 100% of reported revenues and the bad debt provision was increased by $644k (13% of sales)”.

- Customers using the platform for larger, more complex projects - “the limited visibility on the conversion rate of bookings to cash collected adds a degree of risk to valuing the projected cash flows”.

- break-even forecasts have been pushed out, cash flow break-even during FY16 though even this is “assuming progress is made on cash collection”.

- the recent fund-raising seeing the group to break even is “assuming the credit control record normalises”.

The facts that faster than expected adoption by large enterprises and that “much more stringent financial controls are being put in place to improve cash collection and ensure compliance with the revised revenue recognition policies” are emphasised to attempt to comfort on the future prospects. However, the market cap of blur is still currently in excess of £35 million. At least until there is tangible evidence of significant improvement in cash collection from "bookings" and that cash-burn is resultantly funded, these are not shares I would want to hold.

- See more at: http://www.shareprophets.advfn.com/views/6597/blur-group-a-stronger-foundation-for-growth-not-yet#sthash.nDhmAq4D.dpuf