1400 days ago
Blur Group (BLUR) floated at 82p and half a decade and a name change later delisted from the AIM casino at 0.23p. In its five years of AIM casino infamy led by CEO Philipl Letts and his ghastly Mrs, Kara Cardinale, who was the Chief Delivery Officer, it was slammed by the FRC for dodgy accounting, had numerous lack of profits warnings and bailout placings and was a case study in value destruction. As a reminder here is the track record during Letts’ tenure as CEO:
2497 days ago
It walks the walk and talks the talk when it comes to spouting A grade corporate horse. And so another day comes with another trading statement from the shamed and hapless Phil Letts and his worthless Blur Group (BLUR). There are KPIs aplenty and stacks of words about new business initiatives. Yadda, yadda, yadda. The main point is the admission that could be bust within three weeks. TOLD Y'ALL!
3476 days ago
The normal Bearcast will be up a bit later. However I was struck by news releases issued today by ASOS (ASC), Northern Petroleum (NOP), Blur (BLUR) and Globo (GBO) and so recorded a podcast special. Superficially it might seem like good news all round, however:
3578 days ago
An FD of an AIM listed company has passed me the following email entitled “Accounting services all above board” sent by Dorothy from blur Group (BLUR). My mind is boggling does this company do irony. Followers of Blur will remember that within the past three months it has been forced to admit that its revenue recognition policies were all over the shop and to stage a rescue bailout.
On that basis I guess companies will be lining up to pay blur cash to help them improve their accounting standard so, like blur one is “ensuring you’re above board at every point.”
As I explained in my piece at the time of the rescue bailout I continue to regard this company as a slam dunk sell – see HERE
Oddly that piece did not feature in the “Media Coverage” section of blur’s website which is universally glowing. The Financial Times might well have once said
