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/

$500k Project

RNS


RNS Number : 6044O

blur (Group) plc

23 September 2013










23rd September 2013

blur (Group) Plc

("blur Group" or the "Company")



s-commerce firm blur Group confirms new project with a contract value of $500,000



A US media company has chosen blur Group as its primary marketing services platform for the 2013-2014 season, with a project valued at $500,000.



Philip Letts, blur Group CEO commented, 'This is a great example of blur Group's international reach. It is pleasing to see a flow of high value projects so soon after blur Group increased the size of projects that can be entered on the Exchange to $5 million.'





-ENDS-

blur Group unveils $500,000 project
By Jamie Nimmo September 23 2013, 7:41am Around 35,000 businesses have now signed up to the AIM-listed company’s servicesAround 35,000 businesses have now signed up to the AIM-listed company’s services

S-commerce specialist blur Group (LON:BLUR) has confirmed that an unnamed US media company has opted to use its Global Services Exchange for a project worth US$500,000.

Around 35,000 businesses have now signed up to the AIM-listed company’s services, including food giant Danone, bookmaker Coral and the Financial Times.

Philip Letts, blur’s CEO, said: “This is a great example of blur Group's international reach. It is pleasing to see a flow of high value projects so soon after blur Group increased the size of projects that can be entered on the Exchange to $5 million.”

blur Group,“Progress to date has been very impressive as blur has defined and is now carving out a global niche,” said Panmure tipster George O’Connor

blur Group (LON:BLUR) release shows the s-commerce firm is “galloping along”. That’s the view of Panmure Gordon


http://www.directorstalk.com/blur-groupprogress-to-date-has-been-very-impressive-as-blur-has-defined-and-is-now-carving-out-a-global-niche-said-panmure-tipster-george-oconnor/

Blur Group (BLUR): 600p Plus Target In Focus
Published by: zakmir on 19th Sep 2013 | View all blogs by zakmir
Shares of Blur have delivered what can be described as a classic break to the upside over the summer, with the catalyst in the recent past been an unfilled gap to the upside through 200p at the beginning of July. Since then we have seen new support for the stock come in at or even above resistance, as well as the 50 day moving average currently way down at £3.12. Indeed, the vehicle for the ongoing rise for the shares remains a rising trend channel from the end of November last year, with the floor the channel currently running level with the former August resistance zone just above £3.50.

It also helps that since the end of last year we have had a rising RSI support line now running through 50 in the oscillator window. The best approach in the near-term, bearing in mind that the shares have a RSI of 80+ and are very overbought, would be to wait on any weakness towards the 10 day moving average at £3.77. An end of day close below this 10 day line would be the money management point as we await a best case scenario target over the next 6 to 8 weeks as high as £6.20 at the 2012 resistance line projection.

Zak Mir is the Editor of Spreadbet Magazine

Zak Mir writes exclusive content for DirectorsTalk.com - the most followed UK London Stock Exchange AIM Market news service, providing breaking news, analysis and interviews with Directors of leading smallcap PLC’s on the FTSE AIM Market.





http://www.tradersown.co.uk/magazine/read/blur-group-blur-600p-plus-target-in-focus_2325.html#sthash.3sQcxFox.8A37AyLz.dpbs

Dil - 11 Aug 2013 02:28 - 16 of 70

650p target on a ta basis ... wot u reckon Limpy ?





Come on Zak be a bit more original and come up with something yourself for a change :-)

overpriced @ 455 need to see better figs ends

they've got a nice overview of the interims on lse.co.uk good bite sized interview

market cap around £128million is that justifiable?

Half Yearly Report

Highlights



● 250% revenue growth over H1 2012 which is an increase on the 212% revenue growth rate seen in FY 2012.

● Total value of projects submitted of $13.3m (H1 2012: $3.3m) and an average project value of $17k (H1 2012: $10.7k) with projects coming from 28 countries. In the event these projects are listed on the exchange, they will generate revenue for the group.

● 288% increase in the number of projects from repeat customers in the period versus H1 2012, demonstrating growing adoption of the Exchange platform

● $11.5m fundraise in June to accelerate new customer acquisition, technology development and regional expansion

● Launch of blur 3.0 - providing foundation for future scalability and growthand building of additional revenue streams to capitalize on first mover advantage in the $2tn+ s-commerce market

● Key senior hires strengthen group operations:

● Senior sales appointments for US and EMEA teams

● Post period end, appointment of James Davis as Group CFO

● Post period end, strengthening of operational team across all regions

● Introduction of Premium Account allowing customers to handle multiple projects, users and locations

● Post period end, establishment of R&D centre and relocation of global headquarters to Exeter taking advantage of the region's inward investment, strong technology pedigree and university access



Current Trading



● Latest metrics demonstrate accelerated growth of the Exchange in Q3 following the fundraise

● Cumulative projects submitted as of 19 September total 2,675 with a combined value of over $48m







http://www.moneyam.com/action/news/showArticle?id=4673813

blur Group's results prompt revision of revenue forecasts
By John Harrington September 24 2013, 4:01pm blur Group's results prompt revision of revenue forecasts

The City is used to blur Group’s (LON:BLUR) rapid growth rate, but the interims revealed the crowd-sourcing specialist is growing even faster than expected.

Among the brokers covering the services-commerce high-flyer, Shore Capital professed to be the least surprised by the half-year results, with the figures in line with its expectations. The business metrics are continuing on the path the broker had projected, which means Shore analyst Robin Speakman was able to foresee an acceleration in top-line growth in the third quarter from an already impressive growth rate in the second.

The average value of projects submitted to the exchange in the first half of 2013 was up by around 70% year-on-year, but reflects a small number of very large projects which skewed the numbers.

“This figure is likely to continue to be volatile, in our view, as the business model evolves and grows,” Speakman ventured.

“blur is heavily investing its cash resources in building both its technical capability (business infrastructures and volume capacity) and in marketing the business model to capture the on-line project management and delivery space as an early adopter. We believe that strong share price performance since the business's flotation last October at 82p reflects confidence in building a defendable market position for the future, though this clearly prices in a measure of continuing strong development,” Speakman added.

Meanwhile, Liberum has reiterated its ‘buy’ rating on the stock and raised its revenue forecasts for the current year and the next by 4% and 12% respectively, following the accelerating in top line growth in the third quarter.

“However, to capitalise on its first mover advantage in the emerging s-commerce market, blur is adding headcount faster than expected which leads to a US$1mln reduction to our FY’13E EBITDA forecast. No major change to FY’14E EBITDA. blur’s s-commerce platform is moving from concept towards mass adoption,” Liberum said.

Even house broker N+1 Singer was caught on the hop by the growth in revenues, which was ahead of its expectations – and the market’s.

“The group raised US$11.5mln of capital in June 2013 to accelerate investments in sales and R&D [research and development] to build on its first mover advantage. The strategy is clearly showing strong traction with more and larger projects coming through,” N+1 Singer said.

“Post period end, the trading platform indicates that key metrics have accelerated further in Q3, prompting us to assume even higher revenue growth rates in our forecasts. We continue to expect the first profitable year to be in 2015 as the group invests to build on its lead to exploit the US$2tn global market for business services,” the broker concluded.

UPDATE - blur Group cementing global leadership position
By John Harrington September 24 2013, 12:49pm Cumulative projects submitted as of 19 September total 2,675 with a combined value of over US$48mlnCumulative projects submitted as of 19 September total 2,675 with a combined value of over US$48mln

---ADDS CHIEF EXECUTIVE AND BROKER COMMENTS---

Brokers are revising their revenue forecasts upwards after services-commerce firm blur Group (LON:BLUR) said its latest metrics indicate accelerated growth in the use of the business exchange.

The fast-growing crowd-sourcing firm set the bar high in the first half of 2013, with revenue leaping by 250% to US$3.41mln from US$975,000 in the corresponding period of 2012, and the company is already running well ahead of the US$2.81mln in revenue achieved in the whole of 2012.

Gross profit jumped 131% to US$790,000 from US$730,000 the year before, while the underlying loss (LBITDA) widened to US$1.56mln from US$454,000, reflecting increased investment in the corporate sales function, marketing spend and platform infrastructure in the first half of the year.

That investment appears to be paying off, with the group reporting accelerated growth in the use of the business exchange in the third quarter.

The cash balance at the end of June stood at US$13.12mln, up from US$797,994 a year earlier, after the group’s successful fund raising in June.

“The acceleration in adoption and the evolution in the profile of the companies and experts who use the Global Services Exchange, provide clear evidence that s-commerce has completed the transition from concept to a proven way of buying and delivering business services,” said chief executive officer, Philip Letts.

“blur can now fully capitalise on its first mover advantage in this market, widely estimated to be worth in excess of US$2 trillion. Our plans are to focus on the continued ‘industrialisation’ of the Exchange, providing the scalability required for the global uptake of s-commerce. Funded by the overwhelming support in our June fundraise, this will include the accelerated growth of regional sales; an increased focus on global customer acquisition through digital channels; and a strong emphasis on R&D to deliver even greater platform functionality for all users of the Exchange and continued growth in our key metrics,” he added.

City broker Liberum reiterated its ‘buy’ rating on the stock and raised its revenue forecasts for the current year and the next by 4% and 12% respectively, following the accelerating in top line growth in the third quarter.

“However, to capitalise on its first mover advantage in the emerging s-commerce market, blur is adding headcount faster than expected which leads to a US$1mln reduction to our FY’13E EBITDA forecast. No major change to FY’14E EBITDA. blur’s s-commerce platform is moving from concept towards mass adoption,” Liberum said.

Speaking to Proactive Investors about the investment, Letts said the trick is to “invest at the right point of the curve”.

“What we’ve been working on since the secondary financing was completed in June was, first of all, to accelerate a few investments [to promote growth] and Q3 has played out, in terms of getting the return,” Letts said.

“So, we’ve seen the number of projects accelerate again over Q2. We’ve seen the total project values click up a whole other gear on Q2, which I think surprised everyone, because Q2 was quite a transformative quarter over Q1, and we’ve also seen the average project value track really nicely.”

The general consensus among brokers is that the company will move into profit in 2015 at the EBITDA (underlying earnings) level, and that view has not been changed by the interim results.

The pick-up in sales growth has caused some excitement, however, as the group cements its lead in a global services market that has been estimated by Gartner, the research firm, as a US$2,000bn a year market.

Letts’s aim is to build on its first mover advantage in the s-commerce space, a market he thinks could be as big as the e-commerce arena.

With no debt and a pile of money in the bank, the company is in a good position to press on with an already impressive customer acquisition programme. A lot of blur’s marketing is done for it by ‘word of mouth’ but even the paid-for stuff is done on a very cost-effective basis.

“We use all digital channels, the kind of channels e-commerce companies have been using for many years.

“Our cost of acquisition for a B2B [business-to-business] tech platform is almost unprecedented; it’s very low,” Letts revealed.

“We have nearly 35,000 businesses on the exchange, and we’re adding nearly 1,200 businesses on a monthly basis. For any B2B tech platform, that’s extremely fast.

“There’s a groundswell acceptance [in the s-commerce sector] that doing it online might be better,” Letts concluded.

Looking very good :-))


Shares today - The challenge now is how to value Blur. That’s always difficult for this kind of hyper-growth business, where revenues are forecast to jump roughly 10-fold by 2016 to close on $100 million. Of the three analysts from whom I’ve seen comment today, none has published a target price, even on a discounted cashflow (DCF) analysis. They will, in time. Perhaps a day or two from now I’d suspect, but for the moment, it appears that even hard-nosed City number crunchers have been tripped up by just how fast Blur’s future is clearing.

all very well talking this share up on turnover increases but what about some bottom line projections?

24 Sep Shore Capital N/A Buy
24 Sep Liberum Capital N/A Buy
24 Sep N+1 Singer N/A Corporate

dc no answer?

Halifax, How can bottom line be shown when the company is not expected to move into profit until 2015 (due to large set up costs , that I might say are going to reward huge)

Halifax I suggest you do a bit more homework on this company. The city not just analysts are over the moon. The company has to build like any company has too.
The size of the market (huge} that Blur is chasing and the speed it is picking up contracts is all helping to drive the sp. The sp is very much like WANdisco the market knows fully if all goes well what the company will achieve. If you feel its to risky for you I would advise you to not invest. My investment nearly up 100% in a few weeks I cannot complain.

Halifax no answer ?

dc if the company is being managed properly they should have projections for bottom line not just revenue growth, so give us the full picture.

halifax ... if it's going up buy it , if it's going down short it.

Hope this helps.