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us, put us out of our misery! I will take anything at this point! gla
I don't know,but if Tosca are the buyer,then they will be close,or going throw the point were they will have to put an offer of taking BLNX over...something is brewing ,let's hope it;s tasty...
You think its related to Tosca? Did they take out Internetq shortly before reults?
More likely 750k changing hands......we should get RNS soon so we get to know who is what,(buyer/seller).....
I'm liking these buys going through. 2.5m in the last two days.
Could be anyone of course but I wonder if RG might buy back in and reduce his average
Hasn't been logged as buy or sell yet...
Football, what you reckon?
Its only 170 grand so hardly a monstrous trade chaps !
Don't think anyone apart from Tosca would be buying any shares in this beast at the moment.
Wow,I will say only when the SP will meaningfully start to move up,and all I care this can be on the back of a purchase of 1 single share....this low price is lasting far too long....rant over.
Maybe Tosca are finally going to make their move!?
Was just about to say wow.
Nice 1m buy gone through there, Been a while since we've seen anything of that size.
Blinks down. No surprises there then.
report is up: https://www.rhythmone.com/assets/insights/RhythmOne_Full_Year_2015_Influencer_Marketing_Benchmarks_Report_rev1.pdf
Looks like some big buys going through? With the Yume and tremor buy backs and the conclusion (see iii) postings that we are the least worst in a loss making sector, I wonder whether all industry participants now feel more confident the corner has been turned. I am slowly getting more confident although won't do anything before April. If the corner was indeed turned, brave buyers today will look very smart down the track
Someone insert the blinkx name and send it to Brian!
sounds familiar................http://seekingalpha.com/pr/16455736-viex-files-definitive-proxy-material-mails-letter-stockholders-yume-inc
You give the impression of knowledge which, if not inside, is clearly close. I do not share your optimism having been taken in once too often by the BLNX management team. I now, as a matter of course, disregard whatever they say. I am only interested in the numbers ( with, as you rightly say, as much granularity as possible) and I do not want to see the cash pile reducing. However the numbers are dressed up it is the cash pile which, for me, is key. A programme of buy-backs would simply be an invitation to management to muddy the waters on the one area of clarity which we have. Am I that disillusioned? Certainly I am. Plus, management's reputation is on the floor and anything which might encourage the shorters is to be avoided. I remain firmly of the view that the shorting attack was an attempt to kill the company. I do not know whether there remain any naked shares out there. Probably not is the answer, but it is sufficient of a worry for me that I do not want to see the cash pile reduced in an effort to send signals to the market. (A) I don't think the market is listening and (B) our cash pile is about the only positive at present. Management simply need to demonstrate that they are able to generate profit - proper profit that is, none of this 'adjusted EBITDA' nonesense. Once they do that the share price will reflect that fact. Good luck with forward looking statements. I think Hell will freeze over before BLNX embrace that level of sheer professionalism.
At what price do the BoD think we are undervauledit's 16.75p now! are they waiting for 10p or lower or is it they just don't care about the SP and shareholders till it's time for them to cash in there shares
It is. Only CEO has massive negative effect. Time to go ....
The business has got to be worth a lot more than US$25m....., no?
For blinkx at this stage a buyback should very definitely not be about financial engineering. It should be about (i) using the credibility gap to deliver value for shareholders and (ii) sending a positive signal about management's confidence in the future. The shares are marked down (IMO) in large part because of the lack of credibility of blinkx management given their track record in value destruction (cumulative losses since IPO), their refusal to provide sufficient financial transparency and their apparent enthusiasm for playing games with words in their TUs to suggest things are better than perhaps they are. So if management are confident that things are really on the path to free cashflow generation, organic revenue growth and some form of sustainable profitability then they have the opportunity to buy the shares "cheap" (i.e. before the market realises that things are this positive). This is nothing to do with engineering the eps or other metrics and everything about opportunistic value creation for shareholders. I don't see where you get your assertion that the source of shares for a buyback would be "disgruntled" retail investors or your implication that this would be a "bad" thing. There are clearly a number of disgruntled retail investors on this board (I would count myself among them), but more broadly? There appear to me to be very few institutions left in blinkx (looking at Morningstar US data or the FT tear sheet). And given what looks like an almost complete exit of institutions on the Morningstar data then it appears a lot of retail investors (in addition to RG and Toscafund) must have come in over the last year or two. So I suspect the balance of retail investor holdings is towards the relatively new holder who has bought sub-30p looking for a quick bounce rather than the long-term holder who remembers 200p+ and is hoping to claw back significant paper losses. But whoever they are, surely the opportunity to sell at a slightly higher price than would be possible without a buyback would be a "good" thing. They can always choose not to sell. And if it turns out there is not sufficient liquidity to enable the company to buy back many shares at what management deems a "cheap" price then that is also OK. If they can drive the price up, through announcement and limited implementation of the buyback, to somewhere closer to what management fundamentally believe is fair value then again, that would be a "good" result surely?
I don't fundamentally disagree with you save that re the buyback my point is that the only source of shares for a buyback are disgruntled retail investors for whom I don't think selling to provide supply to the buyback is good business for them. As for spending the cash, I continue to believe that the company should not spend money on a share operation rather than either frugally using it to drive the business forward with a decent buffer or returning it to all the shareholders at the same time through a sale or special distribution. For me a buy back is about financial engineering to revive a share price when the business is in fundamentally good shape. That is not the place we are at.