For me, personally, I'm relieved its finally been issued and the cards are on the table. I've been reading the comments on the BB and taken all views on board. If you feel you want to sell up, cut your losses, that's up to you. I'm holding on, we knew it would take possibly years to integrate all acquisitions so this is on the back burner for me. As for Richard Griffiths he still gives me faith, foolishly or not...time will tell. Agree we need a new front man.... Good luck folks.
I agree about Donald Hamilton. At least he can speak coherently and without stammering and blustering like BM's dismal performance at last year's capital markets day.
All the stuff about inflection points was clearly a load of old guff. Time for BM to go IMHO. BM and SC shouldn't be exercising share options when the company's in the doldrums like this under his/their stewardship.
It also seems that RG is none the wiser than the rest of us.
I have had enough here, take a loss and move on. This company is a joke to be honest, one thing you can be sure of here,is vaguely worded rns's. Still baffled as to what richard griffiths sees in this.
I agree. Donald Hamilton came across extremely well in the video and Blinkx needs a good front man. BM's inflection point was an untruth, he has failed to grow the company, does not have an eye for detail and does not get projects finished properly or on time. (Rhythmone site is a good example). Skyrocketplayer launched and we heard no more. Just like all the other decoys like videoadvantage, getcheep etc etc. Enough is enough. SC and BM must go and we as shareholders should turn up en masse for the AGM and give them a hard time. Can someone remind me what BM gets paid ?
The business outside ehythm, adkarma must have tanked for this to be full year position.. Agree it's not good.. Not good at all.. But marlet expectations are in line.. Hard to see any +ve sp catalysts on the near term horizon... Tempted to sell somebut then, all it takes is a rumour and this sp couldbounce massvely.. Is it riskier to stay or go.. That's the question i am contemplating pre BE investor roadshow [reveal]
I still say BM needs to go.. A disgrace all round. Put our rhythm, adkarma or blinkx media executive(s) in charge IMO
Hi rich160 - Good post, sitting on nice cash pile but burning it fast. The technologies invested in might be profitable, mildly so or just turn out to be bad investments in R&D and acquisitions. I personally followed the Directors and sold at a break even 30p but will leave this on my watch list. Cash is King but only if you make it after Operating costs not by raising through equity issues and borrowings. Acquisitions are good mask to hide troubles sometimes...
Pretty pants, looks like market has called this relatively well. I was surprised by the drop into 20/30 p's but given the full year result it's probably fair. This company is not profitable for the year, far from it. The EBITDA result they release to the market is nonsense, it just strips out costs. It'll be a relatively large loss number after tax for the year and the most worrying aspect is the cash burn outside of aquisitons. Also whilst revenue dropped c.20% year on year, the current year also includes a full year of Rhythm (prior year only 3 months of Rhythm) plus revenues current year acquisitions like AdKarma. Therefore if you strip these out, the like for like drop is huge, probably somewhere between 30-40%. Not good at all.
The old saying ‘cash is king’ is certainly relevant in the case of Blinkx (LSE: BLNX). That’s because, while the company finds itself in a hugely challenging position at the present time, its lack of debt and considerable pile of cash mean that it not only has the financial firepower to turn its fortunes around, but also the time to put its plans into action. And, that’s a key reason why its share price has risen by 9% since the turn of the year.
Certainly, the next couple of years are unlikely to see Blinkx offer anything more than future potential, with it being expected to lack profitability until 2017 at the earliest. However, for long term investors now could be a great time to buy, with more acquisitions, a refined product offering, and a more nimble business model having the potential to push Blinkx’s share price higher.
StockMarketWire.com - blinkx expects results for the year ended 31 March to be in line with market forecasts with full year revenues of at least $210m.
Full year adjusted earnings before interest, tax, depreciation and amortisation are expected to be at least $3m.
The company plans to release its results on 18 May.
Chief executive S. Brian Mukherjee said: "During FY2015, blinkx continued to execute against its strategy to pursue Mobile, Video and Programmatic advertising, the fastest growing segments of the industry.
"In a sector characterized by rapid change, we made transformational moves to stabilise and strengthen our core revenue streams while positioning the Company in the emerging high-growth areas of the industry. Our vision remains to bring premium digital content to consumers and thereby aggregate quality audiences across devices at scale for advertisers. We believe that we have made significant progress toward this goal during the year."
the full numbers and get some forward guidance its difficult to say what a "fair value" for the company should be but then what the hell! Its only a guide so here goes. A conservative valuation of a company thats in profit would be circa 2x revenue plus cash. That's 2 x $210 - $420 plus $90 circa $510 m or £333m thus roughly 70p per share.
And H1 this year must almost inevitably look good compared to the horror show last year then this should be at least tolerable going forwards.
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