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.
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.
Panmure Morning Note 18-01-2017
18 Jan 17
Blancco technology, a leading provider of data erasure solutions and mobile device diagnostics, has announced that its underlying profits are ahead of expectations. Organic sales growth remains strong, the group continues to win larger ticket orders and the mobile diagnostics is performing ahead of plan. Consequently, we are raising our FY17 PBT forecast from £8.0m to £8.3m.
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.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
N+1 Singer - NCC Group - Interims confirm underlying business sound
19 Jan 17
NCC’s interim results were largely flagged in the detailed trading update released in December. Group revenue increased 35% to £125.8 (organic growth +18%) and adj. EBITDA grew 15% to £21.3m. The group’s issues relating to contract losses/deferrals in the period were previously announced and are already included in our forecasts. The group has maintained its interim dividend at 1.5p, which we believe is an indication of the strong underlying business. Separately, NCC has announced that Paul Mitchell intends to step down as chairman in May ’17. We continue to believe that NCC remains a highly attractive asset in an area seeing strong structural growth and see the current share price weakness as an opportunity. We retain our Buy recommendation and 233p target price.