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Looking at the websites now compared with just 12 months ago, it is like chalk against cheese. Much much more professional. I just hope this leads to profits. Surely all these add ons which were ( supposedly ) profitable before now in a joined up company rather than a jigsaw will help us to get there. I am I asking for too much. ?? I don't think so. I don't pretend to know anything like as much as some of the long termers here but this is starting to look like joined up writing rather than scribble.
Off their website:- BRAND Through agencies, blinkx works with some of the largest brands on the planet, helping to connect them with their target audiences, delivering the right message through the right device at the right time.http://www.blnx.com/about/overview SO CAN THIS BE REFLECTED IN THE S/P PLEASE?
I'd take 50p.......PLEASE! I'd only be 50% down then! Yes, I still hold shares here in the hope that, if not this year, then perhaps next year they might finally get everything integrated, all those acquisitions...and the s/p will flourish once more. I'm prepared to wait to the bitter end....heyhoe...what's a few more years? Groan.... Ok...what I actually mean is this time next year Dell Boy. GLA, the long termers here need it ( no offence to anyone new ) but this has been one xxxx share to own! For all my negativity, sorry, but it's the hand I've been dealt, but...I wouldn't hesitate to buy in at this knock down s/p if I was new to this share. I do believe the company will turn itself around, all be it taking a long time, but I'd buy in as a punt no hesitation IMHO. Let's just say I got my entry point completely wrong, won't do that again ( hopefully ).
Just to manage your expectations, it is unaudited six month financials, not full year audited that get published next week
Suranga C is still employed by Blinkx as we all know, but I really do not know what he still does or is doing at Blinkx. I'm not for one moment insinuating that SC should not be here but can any one else enlighten me as to what his official position is? I think he is still on the books and draws a salary don't know how much and for what position. I've looked on the BLNX website etc and I still can't find out what SC's official title is. I'm not saying by any means he should not be contributing to the success of BLNX, just what is his position?
It was never my intention or going to be my intention to mention any names about people on iii. I'm not going to confirm or deny that you have named the guilty parties. That's in my opinion of course. However in your opinion I'm most strongly inclined to agree most voraciously within my opinion.
Well one statement next week that starts with..."Early third quarter trading has been below expectations to date." Will most definitely have dampening effect on all and will definitely P##S on ones parade. I do hope and that's all one can do that it will not be so! I've just gone back over the last update from the company and tried to eke out the positives. They said they " We are managing the groups cost structure to reflect the changing revenue and profitability of its product mix and expect a return to profitability as core products continue to ramp and off set declines in non core products." They stated also that 14 legally and acquired data centres would be downsized to five globally distributed centres. So could it be the case they will still intend to have a global footprint? They acknowledged that they where going to stream line into four categories, Publishers, Content Partners , Advertisers and Platform Infrastructure. How have they proceeded so far ? They said they actually saved $10 million last years amidst declining revenue, I grant you but will save a further $10 million by integrating and reducing head count from 425 to 325, how are they proceeding so far? I grant you all, if ever there was a time of transparency and accountability it is next week when the fully audited accounts are published. Let's hope they will shed a little bit of light on these trivial matters of interest and as they are now committed to quarterly reporting, at least show us that a steady hand once more is indeed on the tiller. As for a low ball offer...... As some of you say, it's not impossible and more and more likely. I'm just surprised how Tosca or RG have accumulated some 38% of the company so cheaply without a ripple in the SP. Just a joke all, I'm not surprised that the FCA is asleep at the wheel as usual but that's just life, I suppose IMO.
Why does anyone think that next week's update is going to do anything positive for the sp? The update is only to confirm the figures already anticipated on 9th October for the period leading up to 30th September. The last time figures were updated like this (the Final results for May) they were slightly better than anticipated in the previous trading statement but didn't do jack-5hit for the sp. There's not likely to be an unexpected jump into profit or anything remotely near that. And even if there's a positive trading outlook it can only really cover the period from 30th September to the 17th November which is less than a month and a half since thelast set of figures. Let's be real. This share's going nowhere until the comany moves back into real profit, and that's still some time in the distant future (I hope so anyway). By then Tosca will be helped over the 30% winning line by the drop that's coming next week. Let's face it. We're all going to get shafted before this is all over. Like Rusty, I'm prepared to see this one play out, in the vague hope of a miraculous recovery. But I'm not holding my breath. This is going to get taken out by Tosca, and Griffiths, who hasn't bought any for months and months and when he did aid over 30p per share average I reckon), will do alright, as will Mike Lynch, and the others (including JP Morgan, who'll get a nice cheque for dropping the sp to allow Tosca to do all this at a cut price rate). It's crony capitalism at its worst IMO and the one's who'll pay are us (but not sobeit and Big bear over on iii who'll still somehow manage to turn it into a success story). All IMVHO of course
Shroder I haven't quite looked at the other Tosca business that may or may not benefit from a tie in with BLNX, but I can see where you are heading. It's not impossible IMO within the realms of reality. I agree with you also that Tosca is a professional hedge fund operator and are by what I can see one of the most successful on the patch. So I may be inclined to think that they, A. Are buying a simply distressed asset value at an unbelievable price given the cash in the bank. Or, B. They are going to try and take it out cheap for simply the cash in the bank and asset strip the rest. IMO I don't think it's B. Looking through the fundamentals it looks like A to me and the unknown, unknowns are Richard Griffiths who does not look like he bought into here at about circa average 'guesstimate' 12% at 34p to roll over and have his tummy tickled for 50-55p. Just my opinion, for what's it's worth. However we all know that opinions are just opinions and points of view. I mainly read the iii site and have found it can be balanced at times but can sometimes or should I say someone's opinion should not be regarded as gospel. It's good to see LSE has a more mature and rounded poster/s who take into account all points of view and dish it out most squarely and fairly where appropriate. As for ADVFN, it's no wonder their SP is where it is whilst running a Nursery School for special children.
Rusty clearly some people will need to sell for a variety of reasons, for example some may simply need the cash, others may consider they can recoup their losses on another share. As Blinkx share price has not risen above 40p for well over a year most buyers during that time will probably not be nursing huge losses and may be prepared to take a hit. My feeling is, that if a large buyer said that they would buy any amount of shares, providing that the price or average price was XXX there is no real incentive for them to raise the price.. Regarding Brian's position, I agree with you that the starting price for him would be 50p and normally the higher the better, but is it not possible that he may gain more by keeping his job in the event of a takeover. Regards
Nobody has to sell. ( and I mean now ) That's an awful lot of shareholders to bail out. I will be there to the end, whenever that is. Even if we are taken out cant see Brian missing out on his options so 50p start price. I am sure he would also like the biggest buy out price for himself.
Chigs sadly I agree with you. I think it is possible that we are being shafted. The price has been managed around the 25 to 30 mark for months while Tosca and RG have purchased around 140,000,000 shares between them. (Over 37 per cent of the company) so much for nobody being interested in us. I am reasonably confident that the company is on the way up, I just hope that we benefit from it.
Shroder I will accept any help at all from whatever direction. Anything that says we are making proper money, not monopoly money. And not accessing that dwindling cash pile. Then we know we are on the right track.
Chigs I am not so sure. Nobody and I repeat nobody will be remotely interested until the numbers start to improve. Its all and well and good the website improving, communication getting slightly better etc etc. My take on it is this, if and I repeat if they are starting to develop an all encompassing solution to advertisers and it works ( i.e it makes money then people will want to get on on the bandwagon. The fact they have now gone to quarterly presentations suggest that they may think it will improve quarter by quarter. A morsel initially would at least be a help. I don't think the likes of Tosca would want to buy and hold indefinitely, I just think they will want to buy as low as possible and then get out and make a profit. But, what do I know. One of the strangest shares I have ever invested in.
Hi FTSEking, sorry to wade in here with a very negative view but imo the BOD have absolutely no respect for us. I hope and pray I'm wrong... It seems the generall consensus is that we will be bought out from under our feet by the large II's. if that's the case, and we have no control/influence on the buyout price - the only thing we can do is wait for it to happen, take our losses and move on. Would you agree Rusty et al? C
Rusty. We obviously need to see a clear recovery within the next six months and hopefully, fingers crossed some thing indicative of a positive direction announced next week. My only fear is if major shareholders would try and buyout BLNX from under small investors such as myself for a pittance just as the turnaround is staring to appear. We all are aware of Brian's 50p activation.... I just hope the BOD at BLNX have some respect for the longtermers here amongst you. If it's positive news the Mo Mo at Goldman Sachs will be the first to regrade BLNX as 'chip A stock' with the obligatory conviction buy attached.
A large placing at £1.95. Should get them in now to do another one.
Hi STT, yes I seem to recall the barrage of conviction buys that Goldman Sachs seemed to throw at blnx's feet. They even found investors for BLNx at heady prices of £1.90?? Let's hope the BLNX BOD are all a little bit wiser than in the previous past and hopefully Blnx should be able to manipulate their own future.
I've seem to encountered one or two posts by certain individuals that claim that we are actually partners or partnering with Facebook?? No documented evidence or link has been given so as much as would like to hear such good news, we can only rule it out as an untruth. However, Facebook did say about three months ago that it is to start serving AD's to third parties mobile Apps via a new advertising network called ' Audience Network'. Facebook have also suggested that it will deliver better click through rates than its rivals because it will simply have a much better chance of delivering relevant and interesting material to the public. Now if BLNX are involved here I feel they will be very good at pulling out the exact mobile video due to its forgotten about 'Blnx core conceptual recognition engine'. We will just have to wait until we see some solid proof if a recovery.
I wonder if Goldman Sachs after their IPO will put a £3,40 price target on them as well as putting them on their top buy list while all the time placing shorts on them From link AppNexus, Google and Facebook's biggest rival in ad tech, is talking to Goldman Sachs as it considers an IPO
Many thanks 2oco for that link. I may be a bit rusty but I think Appnexus has a hefty chunk of its estate owned by non other than WPP. I personally think it was the current reaction around the timing of the unfortunate blog that left many business's such as Blinkx review their own safety procedures. That I believe to be the moment WPP took a hefty stake in Appnexus, rumour, and rumour only was that Binkx at the time was supposedly generating 10% of gross income from WPP. Now it obviously depends which way you look at it but as we all know Blinkx did experience a huge instant drop off in revenue around that time? My own view on Appnexus is that though it tackles the the problem of programmatic buying of rich media add's it still does not use its 'own search engine' but a comprehensive, secure and flexible solution. 1R is still far superior from a tech point of view in the video recognition for mobile adds. In at 25, kicked for not selling at 40p.....
http://finance.yahoo.com/news/appnexus-google-facebooks-biggest-rival-155235430.html
This should help. http://www.thedrum.com/news/2015/11/09/appnexus-2015-was-just-warm-act-whats-next-come-ad-tech-power-game
Shroder, any chance you could explain who AppNexus are and what they do? Are they direct competitors of 1R or do they offer a facility that we use? Any assistance on this would be greatly received...
Who took the brakes off.