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I agree with many of the posters on here. I think it is about time the board listens to its shareholders and commence a share buyback programme - £10-15m over the next 12 months would still enable them to retain much of their cash pile - I believe it would send out a positive message to the market and its share holders. They've had long enough to turn this ship around and something drastic needs to occur to help to drive the share price back up.
Bouncy, we are all feeling dogged out on this one. A charge of the heavy brigade at an AGM may shake things up a bit. Bmac.
Bliknx is looking crap. Just look at the share price. I remember at around 40p or so some people were saying we were just above cash value. At point of posting 17.5. Wonder if Brian can manage to spend enough money to keep share price above cash value.
No because Tosca wouldn't have 'intent' in such a situation. As they would be 'passive' in such a situation, I think they could quite easily get around the rules (which are long and loopy). Even if they did have to sell a smidge, they'd be far better off as the SP would rise with the reduced float. Blinkx either need to commit to a Share Buy Back or re-issue some of their cash pile back to Shareholders - They owe us big time and I for one have run out of patience with S.Brian Mukherjee. He's taking too long to turn this ship around. Where did they get that cash pile from in the first place as they sure as eggs didn't generate it from profits?... Oh, that's right.... They got it from their Shareholders. It's time for them to start giving something back.
Blinkx is looking good you right
Bouncy, wouldn’t a 10% Buy Back (with cancellation), at some point drive Tosca over 30% of the shares in issue thus forcing Tosca to either declare its intentions or sell off chunks of shares that it bought at a higher price? Is this a good idea at this stage? If Tosca have an agenda then I suspect that BM and the Board already know what that might be and so it probably colours such strategic choices as buy backs. Best, Bmac.
Needs to be done now. 10% at least
not working more like it???
www.blinkx.com looking good tonight!
No buys for nearly four hours and eleven go through within moments totalling over 190,000 immediately followed by a sell. You couldn't make it up
I agree that it is the wrong direction. One direction are big in the states. Time for Blinky to follow suit.
Numbers gradually going up but 1R dropped to 13 in US ranking. COME ON 1R!! Wrong direction.
When I said "did nothing to share price" I meant it did not help the shareprice rise which was what we all hoped would happen! Of course I agree falling from 21 to 18 was definitely SOMETHING!! Rusty, yes the full results need to provide a lot more info. Hopefully they have done a very thorough spring clean of the boooks and prepared the accounts for a positive move forwards. If not, I give up.
Did nothing to the share price. ?? It dropped from 21p to 18p. I don't call that nothing. This was an update. In the full picture they must give much, much more information as to what has been included in writeoffs including the kitchen sink and that is the end of them. It needs to show the cash burn for the year and what it consists of and where we are now. Are we cash positive ( and profitable ) which we should be and are we starting to build up our share of the advertising pot. That would do for starters with a positive update on new business won after the trading update and positive forward looking statements. I honestly dont think I am asking for too much. In my opinion it is where we should be. They have had enough time. TIME TO DELIVER. I would like to say the talking has to stop now and results needed, but, they don't even talk.
Did nothing to the share price????
Absolutely nothing going on here. What is happening? We waited and waited for TU. Now we have it and it was very unimpressive and did nothing to share price. So now what do we wait for? More details on FY results and clearer idea on future? Wait wait wait wait..... YAWN.
(Also posted in the ii board) Since it's so quiet, a bit of detail on Quantcast. After shutting down at the end of March, the R1 Premium segment in Quantcast appears to have been relaunched with a new segmentation, including much greater mobile tagging. The old Burst Media vertical channels (Giant Realm, MomIQ etc) seem to have been turned off and a new subject matter split (Family, Education, Arts, ...) is in place with a series of sub-segments each having up to about 100k daily US people/uniques. Early days yet, but on the basis of April 7th data, the top 5 US-reach sub-segments are: 99k Arts (number is US people for the day) 71k Stlye 65k Health 64k Science 57k Family As part of the relaunch, they appear to have got the mobile web tags loaded and this segment is now showing a much healthier mobile web % than prior to the re-segmentation. It is now running at 20-30% mobile web (3 days April 5th-7th) compared to 6-7% in late March. At the same time, the mobile apps reach in the second "RhythmOne Premium" segment is also ramping up since the relaunch, with nearly 60k uniques on April 7th. https://www.quantcast.com/wpath%3Ap-59TntzuqummDw%2FRhythmOne%20Premium?country=US https://www.quantcast.com/wpath%3Ap-59TntzuqummDw%2FRhythmOne%2520Premium?country=US
Just on the LYFE contingent payments, I think the answer is probably no. In the FY15 annual report there is a note on page 67: "However...additional information was assessed...where it became apparent that the financial conditions could not be met. As such, management revised its estimate of the fair value of the contingent consideration to $nil..." The first time I've actually noticed this comment. The financial conditions bit refers to "Up to a further $0.8m deferred contingent consideration is payable after 1 year, contingent upon the product line meeting certain financial conditions." Doesn't really sound very good in terms of LYFE post-acquisition performance, does it?
last 3 months and still growing nicely Https://www.quantcast.com/p-59TntzuqummDw on cash burn do we still make payments to LYFE Mobile it targets are hit? if so the last 6 months don't look that bad
Try buying large amounts see if the spread stays the same or whether you are actually allowed to buy ??? That is the indicator, not the perceived spread. Nobody trusts these anymore. That's fact. They need to change sentiment otherwise we have no chance of recovering.
Not the only share that's low volume this morning, but the spread is actually relatively tight for blinkx (18.5-19.0). So it doesn't seem to be the MM's discouraging trading here.
You're having a laugh right? 1H Adjusted EBITDA: (6,840) 1H Adjusted loss: (13,399) 1H loss: (79,517))
So, Blinkx more than likely made an EBITDA profit of 3 million dollars in H2 2016. Why they didn't make this clear in the trading update is beyone me.
Looking at H1 2016 statement EBITDA loss was (13,399)m see link to H1 results here, if it lets me post it. http://www.blnx.com/assets/pdf/blinkx_HY16_Results_171115.pdf Full year EBITDA loss 2016 loss anticipated (10-11)m Never great to see a loss, but a step in the right direction if these 40m million cost savings are ongoing for 2017 and also considering the drop off in revenues.
Someone made the point that maybe the reduced revenues are because BM has shut down high revenue/low profitablity components of the business. No point having over-heads tied up with chasing revenue that produces very marginal gross margin and bottom line loss. So perhaps reduction in over all revenue not that important. Obviously profit is most important!