||EPS - Basic
||Market Cap (m)
|Software & Computer Services
|luafc: It depends on what you mean by profit, neo26.
blnx likes to discuss losses as adjusted EBITDA profits. Basically a raft of cost is excluded to transform losses. A trustworthy company may do this to unearth underlying trends. blnx on the other hand dispenses with the under in underlying trends to come up with its version of trends and is opaque - IMHO.
There is some interesting debate above between 1gw and sikhthetech that raises questions in relation to the layers of corporate structures.
Historically the company did achieve real profits until dubious practices were cited by the infamous Ben Edelman investment blogger (and never successfully rebutted). The share price then began a heady descent from well over £2 to less than one tenth of that today, a level that isn't even half its launch cost of nine years ago.
Management has been well rewarded for questionable practices and shareholder destruction. They appear to know their and the company's limitations - minimal "true" management shareholder purchases have occurred. Virtually every acquisition made has undergone a material impairment charge. So what odds the company ever making a real profit again? Not impossible, but somewhat lower than 50% in my view.|
|football: Blinkx forecasts FY profit after narrowing focus
Tuesday 17 May 2016 | 17:09 CET | News
Online video platform Blinkx reported a drop in revenue for its fiscal year to March to USD 166.7 million from 215.0 million in the prior year, as the company narrowed its focus to its core mobile, video and programmatic trading and withdrew some products. The result was in line with its outlook. The core products accounted for 70 percent of revenue, up from 48 percent a year ago, and grew revenue to USD 116 million from USD 104 million.
Restructuring charges and asset writedowns led to a widening in the pretax loss to USD 94.3 million from USD 24.8 million. However, Blinkx said it reduced annual operating costs by over USD 40 million, laying the base for full-year profitability in the current year. It ended the year debt-free with USD 78 million in cash.
Shares in online advertising specialist Blinkx(LSE: BLNX) have soared by 19% today despite it releasing a rather disappointing set of results. In fact, Blinkx's loss widened in the year to the end of March, increasing from $25m in the previous year to over $94m last year. That's despite the third quarter of the year being ahead of expectations, with the fourth quarter being rather subdued due to usual seasonality.
A key reason for Blinkx's larger loss last year was its restructuring. This included a number of one-off costs such as a goodwill impairment of over $50m, although Blinkx has been able to reduce its annualised operating costs by over $40m. And with it having a debt-free balance sheet and $78m in cash, Blinkx seems to be well-placed to move forward with its wholesale restructuring.
Looking ahead, Blinkx is confident of delivering profitability in the current financial year. If it's able to do so then its share price is likely to rise significantly as investor sentiment will most probably improve dramatically. However, while the company's strategy seems to be sound and core operations now account for over 70% of operations, it may be prudent to await evidence of profitability before piling-in.
|jonc: Direction of BLNX share price.|
|kendonagasaki: Sikh old chap, so we can at least concur.This rambling mad man who has an addiction to fat ladies as well as admitting that he is indeed a gambler, a gambler that lays hundreds of bets daily and a gambler who is never wrong!Sikh old chap, do you have any idea why Barky has not apologised for the blnx share price not hitting his "roulette wheel target price" of £2.40p?It looks to me he is doing his rinse and spin routine again trying to lure freshmen illiterates to part with their hard cash again IMO. Beware the fool of fools and the king of spin.But more than that, the dream world Barkyboo lives in???????|
|1gw: Manek - Morningstar
Morningstar shows that Manek increased its blinkx position in December, increasing from 3.7m shares to 4.2m. The weight of blinkx in the Manek portfolio fell from 6.8% (end-Nov) to 5.6% (end-Dec) as a result principally (I guess) of the fall in blinkx share price between the two dates.
On the other hand, DEKA has dropped out of the Morningstar list, suggesting they sold out (380k shares) sometime after 30th September.
Amazingly there are now only 10 institutions reported in the Morningstar database, with 2 of those positions dated 2009 (so presumably a historical irrelevance now) and 4 of them holding fewer than 100k shares. So essentially only 4 current non-trivial holdings:
11.8m shares R&M (at end-Feb)
6.9m shares Danske Capital (at end-Feb)
4.2m shares Manek (at end-Dec)
0.4m shares Hansa Capital (at end-Feb)
The top 3 have all increased as their last move according to the Morningstar data (R&M in Jan and Feb, Danske in Oct, Manek in Dec).
As always, Morningstar does not track the blinkx holdings of RG or Toscafund.
|jwoolley: Well they gave a bullish outlook but nothing is factual until the figures show it. The words may of been typed by them, but so was "inflections point".
The share price has increased due to pi's starting to buy back in again with the hope that yet again, this could be the turnaround....again.....if the market was happy, the share price would be a lot higher....but to be fair, the current markets aren't helping any stocks.
I do think the share price will continue increasing here and there up until May due to other pi's jumping in to see for the results.|
|quilarvium: Beware of Sikh the tech!A manipulator of the BLNX share price, a liar who has added more times than president has added to the national debt!Beware beware of Sikh the tech.A liar.A liar and his bum is on fire!Beware of Sikh the tech!|
|sikhthetech: fb, what do you think of Barky's post on tipping MONI/GBO as banker longs....
then making a profit on the falling share price...
sikhthetech 6 Nov'15 - 10:40 - 102717 of 102721 0 0 edit
blinkx - BLNX
sikhthetech - 06 Nov 2015 - 09:53:43 - 10830 of 10837
Keep saying that to yourself... you might be able to fool a few more posters...
pumping and dumping or shorting????
Exactly how did you make a profit on your 'banker longs' MONI & GBO, when
the share price for both have been falling ...MONI down from 80's to 3.5p and GBO from 71p to bust...
How did you get out with a profit on a falling share price????
Where's your post you promised readers?
BARKBOO - 23 Jan 2014 - 13:52:05 - 35269 of 40764
Sikky - "Anyone here got a view on MONI?" I meant to post this yesterday.
My scaffolders are very enthusiastic by both MONI and GBO, add to the fact that faces are shorting - makes those two a banker long, And you know I am never wrong.
Yes I have a few quid in both of those.
BARKBOO 9 Jul'15 - 11:20 - 97874 of 97886 0 0
Sikky - I do not have my posts to hand...I only file rags. I can promise readers that I was advised out of those stocks at a then profit and posted the same.|
|1gw: football - there was some misinformation going around yesterday about the options (from shareholders, not from Ed).
As I understand it, these are market value options. i.e. they are exerciseable at the market price prevailing when granted. The RNS quotes the exercise price for the 7m at 27.75p.
They vest over 3 years, as previous executive blinkx options have done. But in addition there is the share price hurdle (the 50p). So the share price has to get to 50p (and stay there for a while I believe) before any of the 7m shares vest (i.e. before he can cash them in). So if say 2m vest at 50p and he cashes them in straight away then he gets (50p-27.75p)=22.25p profit per share (i.e. £445k), less tax and NI.
Then I think there is something about accelerated vesting if further hurdles are met. I'm not sure how this works exactly, but it may be that if the normal vesting schedule is 2.33m in year 1 (subject to the 50p hurdle), 2.33m year 2, 2.33m year 3, then some of the later amounts are moved forward if the higher hurdles are hit. eg. if the share price reaches 75p in year 1 then maybe 4m shares vest in year 1 instead of 2.33m with the remaining 3m spread over years 2 and 3.|
|gowlane: So SC resigns on 19 July 2012, and SBM takes over. The share price doesn’t bounce around very much, it is at 37.25p on 20 July.
By now SBM has now been three years in charge, and what price is the share price at now? The princely sum of 25P – down by one third since he took over!!!!
Along the way he had share placings at much higher levels including one at 195p in late 2013
Most puzzling of all on the 6 July 2015 with the share price at 28p he is awarded an amazing 7m share options which can be cashed in if the share price ever reaches 50p.
Nice work if you can get it.
But what is it all for? As Jose Mourinho might have said, he has become a specialist in failure|
Blinkx share price data is direct from the London Stock Exchange