Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BLUR GROUP PLC. We currently have 24 research reports from 2 professional analysts.
|08Mar17 11:03||RNS||Holding(s) in Company|
|07Mar17 09:05||RNS||Second Price Monitoring Extn|
|07Mar17 09:00||RNS||Price Monitoring Extension|
|07Mar17 07:00||RNS||blur engaged with Global Electronics Group|
|27Feb17 07:00||RNS||blur engaged with Top 100 UK law firm|
|08Feb17 07:00||RNS||Q4 2016 Quarterly Business Update|
|21Dec16 07:00||RNS||Grant of Options|
Frequency of research reports
Research reports on
BLUR GROUP PLC
BLUR GROUP PLC
N+1 Singer - blur Group - Engaged with global electronics group
07 Mar 17
blur Group has entered into final negotiations with a global electronics group for a multiple six-figure on-boarding programme across three territories, which could lead to a multi-year, multi-million dollar roll-out of blur’s Cloud software and managed services. This follows on from an earlier announcement that a Top 100 UK law firm has subscribed to the group’s annual Group buyer plan, allowing the customer to transact to an annual spend value of up to $2m through its platform. These customer announcements are encouraging, reflecting progress in blur’s strategy to convert enterprises to adopt its platform to transform their indirect spending. Success on these relationships and others should lead to a scalable and sustainable growth path for the group.
N+1 Singer - Morning Song 08-02-2017
08 Feb 17
blur Group (BLUR LN) Trading update and first enterprise subscription | First Derivatives (FDP LN) Strategic investment partnership, target price increased | Grainger (GRI LN) Positive start to FY17e, rental growth continues | Victrex (VCT LN) Solid Q1, shine taken off by medical
N+1 Singer - blur Group - Trading update and first enterprise subscription
08 Feb 17
Q4 saw a period of further improvements to EBITDA, costs and cash burn. FY 2016 EBITDA is expected to be ahead of expectations and cash at year-end stood at $2.5m. More significantly, the group announced its first 12-month subscription to the Group buyer plan, taken up by a Top 100 UK-based law firm. This will allow the customer to transact an annual spend value of up to $2m through blur’s platform. This is a key milestone for the group who has been focused on converting enterprise customers to adopt its platform to transform their indirect spending. The market opportunity is significant and its proposition resonates well with a market looking for solutions for spend control and risk management. Successful execution on this relationship will point towards the scalable and sustainable growth path the group is looking to secure.
Small Cap Breakfast
08 Feb 17
Arix Bioscience — Intention to float on the main market from the global healthcare and life science Company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management Ramsdens Holdings –Schedule One from the financial services provider and retailer, operating in the core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery. Expected admission to AIM 15 Feb raising circa £15.6m. Expected mkt cap £26.5m.
N+1 Singer - Morning Song 03-11-2016
03 Nov 16
blur Group (BLUR LN) Q3 trading update | Earthport (EPO LN) Approval for outbound services for banks in India | Eckoh (ECK LN) Appointment of new CFO | H&T Group (HAT LN) FY16e to exceed expectations on impact of higher H2 gold price | Howden Joinery Group (HWDN LN) In line FY16 but strengthening headwinds result in FY17 downgrades | Low & Bonar (LWB LN) Solid Update | SDL (SDL LN) Disposal of campaigns business; more to come | Spirent Communications (SPT LN) Progress but revenue remains lumpy | Wilmington Group (WIL LN) Q1 In-line
N+1 Singer - IQE - Upgrade cycle set to continue
24 Mar 17
IQE’s FY’16 results showed good growth in all key segments and came in c.4% ahead of our recently upgraded forecasts. We have upgraded our forecasts today by 5% and 3% in FY’17 and FY’18 respectively, but expect the upgrade cycle to continue. The increase in capex in FY’16 looks to us a strong indication of future volume increases, and we see scope for significant upgrades through the course of our forecast horizon. We highlight three opportunities in this note, each of which could materially move the needle in its own right. IQE is one of our key picks for 2017 and has performed strongly YTD (+48%), but we believe there is more to go for. We increase our target price to 76p and retain our Buy recommendation.
Or, helping a juggernaut turn on a dime
24 Mar 17
Sopheon has spent many years evolving a state-of-the-art platform allowing Enterprise customers to manage and monitor their pipelines of innovation. As this market matures and on the back of some major reference client wins, Sopheon’s Accolade product is beginning to see material success on a number of fronts. This note describes the marketplace, the technology, and the progress now being achieved.
Stronger and stronger
23 Mar 17
Sopheon has reported strong prelims in line with the January trading update which had demonstrated that revenue delivery had been achieved on cost underspend, leading to EBITDA (+7% vs FY16E) and adjusted PBT (+22%) outperformance. Strong licence sales, high levels of recurring revenue retention (94% by value), and ever upgrading product portfolio in terms of functionality delivered revenue strength. Gartner recognition illustrates the transition from a product which needed to be described then sold, to a solution set sought by customers to deal with the increasingly acknowledged enterprise problem of efficient product lifecycle management. Sopheon is well positioned for future growth, and board confidence for future growth leads to planned increase in investment, yet still delivering $5.6m ($5.3m pre FX) EBITDA. Having smashed through our FY16 forecasts and target price, we restore FY17 forecasts and lift the 12-month target from 360p to 620p.
Acquisition of Infracast Limited
27 Mar 17
IMImobile have announced the acquisition of Infracast Limited for an initial consideration of £8.2m. Infracast is a leading provider of multi-channel messaging applications and will expand IMImobile’s customer base whilst providing significant cross-selling opportunities. This looks another high quality acquisition. We remain Buyers and increase our T/P to 220p.