The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
it was actually worse. 01-Jun-16 10:52:14 21.25 12,951 Sell* 21.25 23.50 2,752 A 2.25 spread
Holding my nerve and not letting the MMs get me down. If you wanna sell they want 9% discount, and if you wanna buy they want a premium. Definitely good money for them.
Also large spread most of day. When the trade was made I am sure it was something like 21.25 to 23.
it was saying nearly 9.25% for a second when they activated an a trade.
Day here, down over 7 percent at one point , I almost lost my nerve and sold as I am so sick of this share but fingers crossed they are going in the right direction. gla
It's way too early to judge whether the upwards direction will continue and it wouldn't surprise me if the SP was down 4% or more tomorrow. There reality is that it is all about whether the company can continue to contain costs and generate profit and sustain it in the long-run - the share price will eventually follow. For long term holders there is some hope though!
Just a quick reminder that it takes up to 10 working days to get paperwork/proof from your broker that you can attend the AGM so if you intend on going don't hang about too long. gla PS don't worry about going to Pret first as FTI put on a nice spread of drinks and food and its probably the only they don't mess up
Looks like the uptrend momentum is on.
Nice if we were involved.
Nice close and 25p by next weekend Enjoy this long one.
Looks intriguing. Anyone any idea what it represents?
Nurse says I should be up and about in a few days. The shock of another PR RNS could be serious. Next on the list must be exit left for FTI and a name change. Further down must be a kick up the backside for Citi. Someone who can speak on behalf of Blinkx, slightly closer than 4000 miles away might also help.
Hey rusty 50p by the end of the year is not too much to hope for IMHO... 100p is probbably long way to predict but with consolidation on the industry highly possible who knows....ATB
Shroder. Any idea what the criteria is for the banding. ??
And when to £1 and above. IYHO. Best wishes
Strong uptrend momentum ....25p first and 30p to follow in no time....IMHO.
Hopefully, blinky starts to get back trust that no doubt it has lost. Hopefully it can become a leader in this industry and attract new profitable customers. Does anyone know if the system we use today still relies on the old HP technology. Or is that now defunct ??
Nice to get some positive PR from the company.
Griffiths (or his companies) would be the "person" not the "issuer" under these rules, wouldn't he? The "issuer" is blinkx, and its "home state" is the UK, so blinkx falls under the rules. Griffiths then holds the shares on his own behalf I presume, he is not managing them on behalf of someone else, so I don't see how he could be exempt from the 3% and incremental 1% thresholds.
Link to FCA handbook below. I know we've had this conversation, shroder, but I keep coming back to this list (DTR 5.1.2) of whole-number thresholds (3% then each 1% above that). There are some exceptions under 5.1.3 to 5.1.5 (e.g. OEICs as River & Mercantile pointed out - see second link which specifically mentions OEICs). Plus, in this particular case, Richard Griffiths disclosed crossing each of the 6%, 7%, 8%, 9% and 10% thresholds on the way up first time round, so I would expect him to disclose at 8%, 9% and 10% if he gets there again. I don't know where the 7% disclosure went to but they do sometimes seem to go astray or get forgotten. https://www.handbook.fca.org.uk/handbook/DTR/5/1.html http://hb.betterregulation.com/external/UKLA%20TN%20546.1.pdf
Wanna be the CEO of blink ! Gla
If he delivers long term he deserves it. The jury is well and truly out. But there does look to have been a long term strategy and improvement. The question I would ask is. Do we rely anymore on the old HP technology, or do we not have our own ???
There is a lot of info in the remuneration report, but it is difficult to interpret. As I understand it, in FY16 BM was awarded: Salary: $500k (a 25% increase on the $400k in FY15) Bonus: $62k (less than 50% of the FY15 $138k and only 15% of the $404k in FY14) Options: 7m market value share options (MVSOs) If you remember, in the FY15 report, there was the statement that "The Chief Executive's base salary and bonus opportunity for FY2016 has been increased to bring these into line with market levels..." So looking at this statement, together with the bonus history, I think we can see that BM has received an extremely low bonus in FY16 compared to likely opportunity. i.e. he has been "punished" for the awful FY16 financial performance. But he has benefitted from the re-setting of salary (25% increase) which was independent of current year performance and also from the huge options award, which was the subject of much discussion on the bulletin boards when it was announced. Having said that, the options award, if I remember right, although set at market value (i.e. the exercise price would be the market price of the shares at the time the award was made), doesn't vest for some time and also not until the share price reaches 50p or so (and remains there for some time), so given where the share price currently is, this does at least provide some alignment with shareholders. The $913k "long-term incentive" listed in the table of FY16 remuneration is in fact (I believe) a valuation of incentive awards relating to earlier grants which have vested in FY16 (so nothing to do with FY16 performance). He "exercised" (i.e. converted to shares) 200k RSUs which were awarded in FY14 (this was the regular 50k/quarter vesting, awarded in September 2013) and more significantly 2.3m shares vested under the US share option plan (awarded 3 or 4 years ago perhaps?). So this $913k is I believe a "fair-value" assessment of the value of these awards at the point of vesting, although I can't quite reconcile this with the comment that the "aggregate value of the long-term incentives as at 31 March 2016 was $nil." All the options may have been under-water at this date, but would still have had a positive "fair value".
having read the latest report, it looks like Brian and his team have been conducting major restructuring of the company. I feel more confident that they have their cost base under control. This year is going to be critical for Brian and his team to deliver a return to profitability. If they fail I can't see how the CEO can continue in post with the support of the share holders?
As staggering amount as that seems, it's a fairly reasonable salary for a CEO in the tech industry. Profits or no profits. It's looking likely he will steer rhythmone to profits in 2017.