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All looks a bit static for now, so sold a few to allow me to buy more of something else (Crest Nicholson).

just had a scan of the September reviews for RhythmOne. Clearly blinkx is not getting any better at managing this particular bit of PR. They equally clearly seem to feel the need to respond as the "RhythmOne response" section is being completed by a "Director - Social Media". You would think, as a company working in the advertising market, they might be able to encourage one or two employees who actually feel positive about the company to provide some balancing reviews...

Edit: I think the Morningstar % number for Aberforth's interest in Findel may be incorrect. It reports 7.47% but only 4.9m shares, whereas the TR-1 reported 5.44% / 4.7m shares. So pro-rating, if Morningstar's 4.9m share number is correct, that would be more like 5.7% interest at 30/9/15 rather than 7.5%.

Interesting theory skindle about aberforth / JD Sports / Findel. As far as I can see Aberforth has been quite active here: JD Sports (Aberforth shareholding) 9.44% held as of 31/1/15 (annual report) 4.99% held as of 3/7/15 (TR-1 holdings notice dated 6th July) 3.18% held as of 30/9/15 (Morningstar data) Findel (Aberforth shareholding) 5.44% held as of 29/6/15 (TR-1 holdings notice dated 30th June) 7.47% held as of 30/9/15 (Morningstar data) Now the Morningstar data is not necessarily complete as I believe it is a bottom-up number created from individual fund filings. But at face value Aberforth has been selling down JD Sports and buying into Findel. It's not an obvious strategy for Aberforth if it really thinks both companies would win from a sale of Kitbag to JD Sports, but then JD Sports is so much bigger than Findel (never mind Kitbag) that any value accruing to JD Sports from the deal is probably fairly incidental and Aberforth is perhaps just taking profit in JD Sports after a good run.

Agree Skindle - I'm waiting with interest and don't understand the delay. I could speculate that trading is broadly inline (so they don't feel the need to issue an immediate update) and that the most relevant news is the status of the kitbag sale - and so perhaps they are going flat out to get a contract signed on the Kitbag disposal and intend to update the market on trading at the same time as they announce that news. Either that or perhaps Sports Direct is being disruptive and the board feel they need to reach a resolution with Sports Direct on the way forward with Kitbag before updating the market. But that's just my speculation. A holding statement from Findel explaining why there's an apparent delay in issuing the trading update would be nice...

blinkxx committed to "regular" quarterly updates in the 24th August business update. "Given the ongoing Industry and Company transitions, blinkx will keep investors apprised of its progress through regular quarterly updates for the remainder of the financial year." The question is, is the next one due on 24th November (3 months after the last update) or anytime now (i.e. just after the end of each quarter)?

Cheers Skindle. Can't see a TU, which is interesting in itself since they've managed to get one out on 1st October the last 2 years. I wonder if the apparent delay this year is something to do with the sudden arrival of Sports Direct?

charnerz - it's possible. One of the press articles suggested they might be interested in the distribution side of EGL since Sports Direct is just getting into home delivery I think. Also the EGL demographic includes a lot of mums who might be targets for Sports Direct children's ranges in particular. But I would have thought Kitbag is the more likely focus. In any case, the equity stake gives them optionality and in Toscafund I think they have a potential partner who could work with them to find a mutually beneficial solution if they were interested in a takeover.

Morning all. I'm mainly active on advfn but this LSE board seems to have more interest in Findel at present. In trying to fathom Sports Direct's intentions, I think it rather depends on whether they knew about the Kitbag sale. If they didn't then they may have been acquiring to try to influence a sale to them. The problem they would now have is that having discovered in yesterday's RNS that Kitbag has already been sold subject to contract, it is going to be difficult to stop the sale just through a minority equity position isn't it? If on the other hand they already knew about the Kitbag sale and took the position in order to try to prevent it, the question is what makes them think they can stop the sale with this equity position? At the very least I would have thought they would have to be able to convince the other major shareholders that there would be more value (and manageable reputation damage) in a sale to Sports Direct - which would mean being prepared to offer a reasonable premium to the price agreed with the current intended buyer, and probably participating in a formal auction with that buyer. But if they knew about the sale, which had not been publicly disclosed, and then bought a significant equity position don't they leave themselves open to suspicions of trading on inside knowledge? The other interesting factor is that they seem to have acquired their stake from the 2 major shareholders and roughly the same amount from each. Given Toscafund's inclinations as an activist investor I find it difficult to believe that they just happened to want to reduce - I think it much more likely that they saw value in bringing Sports Direct in and quite possibly they got Schroders on board with the idea. Which begs the question of what do the 3 companies have in mind for the end-game? I would not be completely surprised if Toscafund lead a takeover attempt fairly soon, and announce that they have the support of Schroders and Sports Direct to the terms they propose. If successful then I would expect Sports Direct to walk away with Kitbag. There's the matter of tomorrow's possible TU to get past - whether good or bad it might provide some volume to allow either Toscafund or Sports Direct to acquire more before any potential bid is tabled. To counter that optimistic assessment, I guess the main risk is that Sports Direct didn't know about the sale of Kitbag, decide they can't stop it and now want to get out of their Findel position - although before dumping their shares I presume they would first do everything they can to get Kitbag. My opinions only. Please do your own research.