Internet advertising is still only worth a fraction of that spent on prime television spots, but advertisers have been following consumers online at an increasing rate, to the benefit of profits, at a time when online video consumption makes up just over half of all internet traffic. The effect of Blinkx's operational gearing was most apparent when the effect of acquisitions is stripped out - underlying operating profits soared by 135 per cent to $24.6m (£16m) as growth in revenue outpaced costs.
(....a more realistic short term target coming.....)
Snap up shares in Blinkx, Peel Hunt urges. The broker is cheered by yesterday's final numbers from the video advertising business and praises management for "delivering impressive growth". It adds that shares in the firm are "an exciting way into a high-growth market". They are 115p and the target (previously 103p) is under review.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.