Member Info for Toughatthetop

My holding touched �147k only a few months ago. It's now worth �66k.

As I have mentioned before..... Blinkx's financial and SP performance seem to directly mirror Nottingham Forest's performance. So you might as well follow my team rather than Quantcast. We lost again on Monday, that's 9 losses out of the last 11 games. We are 17th in the league but with only a tiny chance of relegation. Good news is that we will get a new manager in the summer, we are starting to play well again, should get a couple of signings and next season is a whole new season where we could storm it. So by autumn things could be a lot rosier. Not the most scientific investment strategy but no worse than anything else with Blinkx....

Harry I'm in the same place as you. 40m is by all accounts a VERY impressive figure. The two concerns I have are: 1) It is hard to make cuts but even harder to make them stick. As the focus moves away human nature allows complacency and costs sneak back in. Hopefully Uncle Tosca will keep up the pressure. 2) There is a world of difference between cost 'saving' and cost 'avoidance'. Management are often guilty of mixing up the two of them and 'avoidance' means that you don't see the benefit on the bottom line but merely protects you from the situation getting worse. So, are there really 40m of savings? That said, even if 20m bottom line comes through it's not bad...

A few reasons to be optimistic that the SP is undervalued: 1) There are lots of business opportunities – Olympics, US elections etc 2) We have made some good recruitments with some (presumably) great connections 3) We were caught with our pants down but now the business is well on its way to being a ‘mobile’ business 4) If there truly are 40m of annualised costs savings on their way (albeit not all this new financial year), and we manage to keep sales flat (see point 1), we surely must return to profit this year even if only a third of those come through (need to be incremental year-on-year savings of course and not sure what savings were already in the yesterday’s figures) and much better profit the following year. 5) I don’t believe anyone will buy us because although costs seem under control our top line performance is inherently uncertain. That’s good because anyone who would buy us would do so on the cheap, which I believe would be less than the magic 50p threshold others quote because in all likelihood our glorious ‘I’m all right Jack’ leader would probably stay on and negotiate a new bonus award anyway. So, having no buyer will mean we are in this for the long game but that’s no bad thing because the value is there IF we can get the sales. 6) recent metrics (well discussed on this BB) appear to be healthy and moving in the right direction. Just as an unhelpful comment, I have noticed that over the last 3 years Blinkx’s share price seems to directly mirror the league position of my football team Nottingham Forest. It is uncanny. Needless to say that we have had a horrible run of form recently and lost again last night. We did have a good spell in early January (ring any bells?). The good news is that we have sacked our manager…...

I am blindly hanging in there on the hope that in 18.25 years from now the share price will be £1.20. If so, my interest only mortgage is paid off. If not, I'm living in a caravan throughout my retirement.

Maybe the BOD have considered the UK tax payers..... ....sent out this poor excuse for an update so that the share price goes down allowing us to sell shares before the end of the tax year today safe in the knowledge that nothing is going to happen to the share price over the next 30 days (other than go down) allowing us to buy back in May for the same/lower price.....and accordingly we have bagged a nice tax loss to be used in future years. They are my heroes...not.