Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BLUR GROUP PLC. We currently have 20 research reports from 2 professional analysts.
|21Dec16 07:00||RNS||Grant of Options|
|06Dec16 09:04||RNS||Holding(s) in Company|
|16Nov16 10:19||RNS||Holding(s) in Company|
|16Nov16 10:18||RNS||Holding(s) in Company|
|03Nov16 07:00||RNS||Q3 2016 Quarterly Business Update|
|10Oct16 07:00||RNS||Expansion of Global Spend Management Platform|
|20Sep16 09:14||RNS||Change of registered address|
Frequency of research reports
Research reports on
BLUR GROUP PLC
BLUR GROUP PLC
N+1 Singer - blur Group - Q3 trading update
03 Nov 16
blur saw reduced project volumes in Q3 due to summer seasonality, exaggerated by delayed decision-making following the “Brexit” referendum. Nevertheless, the group delivered its 4th consecutive quarter of improved underlying cash burn, which together with the receipt of $0.4m R&D tax credit resulted in a net cash burn of $0.6m in the period vs. $1.1m in Q2 2016 (excl. FX movements). Cash at the end of period, incl. £0.9m of FX movements was $3.6m and EBITDA was in line with management expectations. We are making no change to forecasts and remain encouraged with deepening engagements with enterprises. Whilst these sales cycles are elongated, securing long-term engagements with these organisations remain key to blur’s path to sustainable profitability.
N+1 Singer - Morning Song 03-11-2016
03 Nov 16
Overall trading for the year appears to have started slightly slowly overall but with underlying revenues making progress and profits flat for the period. Slow profit progress was already expected due to the previously signalled growth orientated investment being made. A material timing change on a Compliance unit contract, strong growth in AXCO and buoyant Health performance bode well for revenue performance looking forward. Visibility levels are said to be good underpinning managements confidence that the group is on track for the year. Wilmington remains a good play on the growth in global regulation and compliance. BUY
N+1 Singer - blur Group - Enterprise conversion holds the key
11 Aug 16
blur’s interims showed significant reduction in EBITDA loss and cash burn, with both more than halving y-o-y. The group continues to have an enterprise-focused strategy to build a sustainable growth model going forward. The group is in pilot phase with a number of large enterprise customers which could lead to wider roll-out programs. There is a hiatus in the development of the group’s revenues until this effort and focus bear fruit. We downgraded revenues but given the focus on costs that was evident in H1’16, we are not making any changes to our EBITDA loss forecasts and our underlying cash (in GBP) is also unchanged. Strong execution of its enterprise-focused strategy remains the key to a sustainable path to growth and profits.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
33% upgrade to January 2017 PBT
09 Jan 17
Redstone has released a trading update stating it ‘expects to report EBITDA at the upper end of market expectations’. This implies EBITDA of £1.8m which is above our current estimate of £1.5m. Accordingly, we are upgrading our PBT forecast for the year ending January 2017 by 33% to £1.2m from £0.9m. We reiterate our buy recommendation with a 2.2p price target implying 69% upside.