Thanks for your reply. Apologies for the delay. I agree with your analysis of the company. The RNS tend to be a bit ambiguous / cryptic but something positive is happening. Your position seems pretty similar to mine. I was sitting on a 60% loss on a small holding but following the recent revival and todays timely surge (which assess to be buys linked to the closed period...??) it is down to 37%. I will stick with it as the 18/4 is just around the corner. I am not minded to top up but will review my position in the light of the year end account / figures. The QPP saga is long story...they were victims of a sustained & unrelenting short attack. Mercifully, thanks to the work of David Currie (Investec) who was parachuted in, things have stabilised and he has brought in some new top quality managers from the city (Sutcliffe & Rose), stabilised the share price and got an offer of £640 million plus £300 million in add ons for a division of the business. The future is looking good. The offer from SGH (Australian law firm) is subject of an exclusivity deal which expires on 23/3 so share price is vgvfm at present (in my opinion). All the best.
18 Mar '15
I tend to agree that Blur looks like it may be starting to recover (in terms of share price). In terms of company performance it has always had a healthy upward trajectory, attracting lots of new business/clients. The problem, as I am sure you know, was that the share price was massively overheated on the back of poor accounting which credited revenue before it was actually due to be received. Once this was realised and a new 'revenue recognition policy' introduced it became apparent that revenue forecasts were over ambitious and the share price plummeted. I managed to get out with a profit as it slid, but guessed the bottom wrongly, got back in, and am now sitting on a 79% loss on a small holding. I have it in mind to top up prior to 18th April, subject to any further news/clues, to average down and hopefully, eventually, get back into positive territory. No point in getting out, as far as I am concerned, as I just crystallise my loss and salvage little. Hence, I would rather trust that this will eventually come good with a view to at least breaking even, hopefully better, over time. Best sign, as far as I am concerned, is the recent Director purchases. That gives a clue that the recent bullish predictions about the results meeting market expectations may well have substance. Past experience suggests that the price on this could fluctuate significantly between now and 18th April, so I will look for a dip to buy into. If it doesn't come, so be it, at least what I already have will benefit from the rise. I don't know much about QPP. Good luck whatever you decide.
17 Mar '15
Whats you view on Blur ? 18/4 seems a long way off....I think the green shoots of recovery have arrived ( as evidenced by weekly / monthly/ quarterly performance figures) but am tempted to get out & supplement my QPP holding...which seems likely to finally come good and get the recognition it deserves. Views on BLUR welcome ? ATB.
7 Mar '15
I'm stuck in with £15k at £3......I need a miracle lol. Although I made a lot when it was £8.20.....
3 Mar '15
I can see how they might have commercial constraints in terms of saying precisely what they are earning from individual contracts but I do think they could do better on clarity, especially given the history here where they embarrassingly had to re profile their anticipated revenue over a greater period of time to reflect the reality of when they would actually be paid. School boy maths really and let a lot of investors down, including me. That makes me cynical about the company's announcements, but I think there are signs that this may now be about to come good, although it might take a long time to recover the lost ground in the share price. I like the fact that other Directors have been buying and that the new CFO has been bullish in recent interviews. I may top up prior to the results coming out but will bide my time and try to read the runes!
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