Member Info for alex1621

To be frank, i would not knowingly have engaged in "bot clicking" using discredited ex Zango assets. That appears to be what brought down the business ... and perhaps it's fair to say that Brian was not the instigator of that fiasco. What to do. They could have liquidated the assets and returned the cash to shareholders. Rhythm Media was acquired at £40m, for example, so would have generated some cash. Or sought a tie up with another company in the industry for scale, but that's more of a gamble. What they are currently doing might work, I honestly have no idea, but their track record on acquisitions is not particularly good, so I would be wary. Good luck. I've dipped my toes in the Blinkx water several times, but at the moment I can't apply a suitable probability to their chance of success, so I am not tempted.

No disrespect intended, but that article would be suitable material for a game of 'bull**** bingo'. Brian's saving grace is that Blinkx raised a great deal of institutional money prior to the hedge shorting attack and subsequent share price collapse. Without that cash, Blinkx would be effectively bankrupt. I have no idea whether the actions of this team will result in a growing and profitable business ... and I'd be suspicious of anyone who is certain they will ... at this stage it is simply unknowable.

Can think of two reasons, there are probably others: 1) the bonds are convertible to equity, so would dilute existing equity shareholders; 2) acquisitions generally favour the acquired company shareholders, not the acquiring company shareholders according to the research. But if Playtech have a good record on acquisitions (I'm not a shareholder so have not followed PTEC) then the reaction may well be overdone, and a good buying opportunity. I don't have a strong view either way, dyor, etc.

This one is on my watchlist, it looks undervalued (everything else being equal). One issue relates to Mr Abe's huge quantitative easing policy that is weakening the Yen against a stronger (post-QE) US dollar. I don't think this is likely to reverse anytime soon, so Japanese competitors can offer attractive prices. So things are a little less equal going forward. I'm just going to sit back and watch this one.

Possibly imminent move upwards in interest rates - may just push some 'zombie' companies into insolvency. But not that simple - banks have not been as aggressive with companies as in previous recessions. So by no means a certainty.

They are 'developing' products ... could be a ten bagger ... or it could fail? Good luck Simon - It's a bit too much of a gamble for me though.

... can anyone explain why this is worth buying? It looks like a business with no sales and no profits?

I had a look at this when the y/e finals came out. Thought it was overpriced at almost £12 ... my estimate was £9.50. But that was based on an impressive growth trajectory ... IC estimate was compound average growth at 29%, excellent. But the trading update indicated the y/e 2014 would be below y/e 2013. Not good. And £9.50 becomes around £6.20. I'll wait until the next update for more visibility ... the concern would be that they become ex-growth. But I'd balance this against the director buys, which are a strong endorsement. However, Ric Traynor (CEO) of Begbies Traynor paid £100,000 for shares at £1. They are trading below 50p and have done so for a few years. On balance, I will wait. DYOR, etc.