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 so you don't know?

I know all I need to know, thanks. You go and find out what you do not know.

dc keep ramping on the basis of no overall knowledge.

What ever you say.

No I have no knowledge in nothing everyone can see that, lost miillions.

ah hit a nerve becoming abusive like so many of your colleagues when they are found out!

where's skin with his ramp?

Have you purchased any yet halifax ?

what do you think, sure you have punted some.

lol

Well you have missed another 3.5% rise today. lol

Investors Chronicle turning positive with buy rec despite 4-fold increase this year

blur Group
Forecast change
Full steam ahead

http://www.edisoninvestmentresearch.com/serve_pdf.php?d=researchreports&f=Blur260913update.pdf&first_name=%Member:CustomField5%&last_name=%Member:CustomField6%&company=%Member:CustomField7%&email=%Member:Email%

Thanks again dreamcatcher, just seen that on my Bloomie too.

http://www.barchart.com/opinions/stocks/BLUR.LS

Appointment of Non-Executive Director

RNS


RNS Number : 3407P

blur (Group) plc

01 October 2013




1 October, 2013

blur (Group) plc

("blur," the "Group" or the "Company")

Board Appointment

David Sherriff of Microgen joins blur Group as Non-Executive Director

Building on blur Group's incredible momentum to date

blur (Group) plc, (LSE AIM: BLUR), the company that is reinventing commerce at blurgroup.com, today announces the appointment to the board of David Sherriff as a non-executive Director, effective immediately.

Philip Letts, CEO blur (Group) plc, said "As blur Group seeks to capitalize on its share of the $2 trillion global services industry, the non-executive director team becomes a strategic cornerstone of this growth. David brings an exceptional track record in growing public, international technology companies, having been instrumental in growing ECsoft Group in the early 90s and more recently in senior roles at Microgen plc, where he was appointed Chief Executive Officer in 2011. His appointment builds on the outstanding team of non-executive directors already on board which includes Richard Bourne-Arton and Robert Brooksbank. This hire is key to building on blur's powerful momentum to date."

David Sherriff, Non-Executive Director, blur (Group) plc said, "I am delighted to have been invited to join blur Group's Board. This is a very exciting time in this British company's evolution and I look forward to working with the other members of the Board and support the industrialisation of its Exchange following the launch of blur 3.0 and build on the success achieved to date in the s-commerce market."

Regulatory Information



David John Sherriff (aged 50) currently holds, and has during the last five years immediately preceding the date of this announcement held, the following directorships or partnerships:

Current Past

Microgen plc None

Brynmeini Partnership



There are no other matters which are required to be announced as required under paragraph (g) of Schedule 2 of the AIM Rules.



-ENDS-

blur Group has plenty of horsepower under the bonnet


By John Harrington October 01 2013, 1:21pm


Growth in average deal size, project completion rates and repeat business provides strong evidence that the value proposition is gaining traction, Edison said.Growth in average deal size, project completion rates and repeat business provides strong evidence that the value proposition is gaining traction, Edison said.

Investors who got on board when blur Group (LON:BLUR) floated at 82p are sitting on a mouth-watering profit, but this is no time to cash in, says Edison Research.

The crowd-sourcing specialist released interims last week that showed revenues increased 250% year-on-year in the first half of 2013. Intriguingly, the company said momentum accelerated in the third quarter, prompting Edison to envisage a scenario in which revenues double each year to 2020. That scenario, according to Edison, would yield a value close to £10 a share.

“Using a weighted average cost of capital of 12.5%, our reverse discounted cash flow [calculation] indicates the market is discounting [a] circa 100% compound annualised growth rate in revenues over the next three years before tapering off gradually,” analysts Bridie Barrett Schmidt and Dan Risdale write.

“Given the substantial market opportunity, if the network effect really takes hold, then maintaining a more rapid growth trajectory is possible,” the analysts assert.

With the exponential growth rates being seen at the moment, Edison would not expect the current rate of deriving around 20% of projects from repeat customers to be maintained, and getting lots of new customers on board through word of mouth is obviously no bad thing.

However, Edison believes repeat business is an “important metric to driving profitability in the longer term as not only does it improve the visibility of the top line, but also repeat customers should require less investment in marketing and exchange support.”

Edison notes that, throughout the group’s breakneck growth phase, only one person has been added to the exchange support team.

Head count is on the rise, however, with the payroll rising to 58 at the half-year stage from 19 a year earlier, with resources being directed into research & development and the corporate sales team. Edison said this investment was a strategically sound one on the part of blur’s management.

“This incremental investment in sales is expected to deliver higher-value projects, but also more repeat business. The latest version of the platform, blur 3.0, was launched in August and supports a higher throughput and greater efficiencies; project sizes up to US$5m can now be accepted and more automation has been introduced with regards to exchange support (blur Sense). Initial signs are that the extra investment is driving increased top-line momentum,” the research house notes.

“Although it is hard to know at what point the ‘network effects’ of an online exchange kick in, the extra investment in sales and marketing should in itself help sustain the exponential growth rates currently being enjoyed,” Edison said.

For the market to start to build in to the price a higher medium-term growth rate, Edison thinks investors will need to see ongoing evidence that: 1) the network effect is coming into play and top-line growth can be maintained; and 2) the top-line growth will convert to robust EBITDA margins.

For the latter, Edison will look to efficiency metrics such as the share of projects that are competed, share of repeat business, the average project size and the degree to which the exchange support function can be automated.

Shares in blur Group were up 4.7% in afternoon trading at 43.5p, after the company signed up Microgen boss David Sherriff to its board as a non-executive director.

UPDATE - blur Group bolsters board
By Jamie Nimmo October 01 2013, 9:15am blur’s chief executive Philip Letts said the hire is “key” to building on the company’s momentum to dateblur’s chief executive Philip Letts said the hire is “key” to building on the company’s momentum to date

---ADDS SHARE PRICE, ANALYST COMMENT AND PRICE TARGET---

S-commerce specialist blur Group (LON:BLUR) has signed up David Sherriff to its board as a non-executive director.

Sherriff is the chief executive of London-listed IT services firm Microgen (LON:MCGN).

blur’s chief executive Philip Letts said the hire is “key” to building on the company’s momentum to date.

“As blur Group seeks to capitalize on its share of the US$2 trillion global services industry, the non-executive director team becomes a strategic cornerstone of this growth,” said Letts.

“David brings an exceptional track record in growing public, international technology companies, having been instrumental in growing ECsoft Group in the early 90s and more recently in senior roles at Microgen plc, where he was appointed chief executive officer in 2011.”

David Sherriff said: “This is a very exciting time in this British company's evolution and I look forward to working with the other members of the board and support the industrialisation of its Exchange following the launch of blur 3.0 and build on the success achieved to date in the s-commerce market.”

The share price rose 3% to 437p on the news and is up 460% in the year to date, making it one of AIM’s top performers in 2013.

“blur continues to build and strengthen its operational and management structure to support its strong growth, ensuring it remains well positioned to build on its positive momentum and first mover advantage,” said Tintin Stormont, analyst at N+1 Singer.

She said the company’s third quarter update should confirm the “continuing strong trajectory.”

Tuesday’s news follows a series of material announcements that have revealed blur is delivering on its huge promise as a potentially disruptive global exchange for services.

The research house Edison reckons the stock has plenty more headroom – up to £10 a share if certain landmarks are met.

It said blur’s continued strong momentum is supported by the growth in average deal size on its platform, project completion rates and repeat business.

This “enhances the prospect of the network effect coming into play and helps de-risk the proposition”, analysts Bridie Barrett Schmidt and Dan Ridsdale added.

“Given the substantial market opportunity, if the network effect really takes hold, then maintaining a more rapid growth trajectory is possible,” they went on.

A scenario in which revenues double each year to 2020 would yield a value close to £10 per share, they concluded.

LISTEN: blur Group #BLUR - Q4 starts with another $1m+ project arriving on the Exchange

Click here to listen

Good find js81 , seem's to explain the almost constant rise in the share price, a lot more going on in the back ground with Blur than we realise, which is a good thing obviously!!