After announcing earlier this week massively higher losses and cash burn in its maiden results as an AIM-listed company (see blur Group pays the price for top line growth), online marketing services exchange, blur Group, has attracted extra funding from its second largest external investor, Octopus Investments, which lifts its holding to "over 3%" of blur's stock. Octopus previously held 2.61% which valued its investment at £840k on yesterday's 131p closing price.
blur's largest external investor is Majedie Asset Management with nearly 10% of the stock, but the company is firmly controlled by founding CEO, Philip Letts, who holds over 61% of the equity.
blur's shares are up 2% on the news and now sit at 134p, a 63% premium to its October IPO price (see Blur to come into focus on AIM).
I suggest that TechMarketView subscription service clients might now want to re-read Great Companies vs Great Stocks.