Ad tech company Rocket Fuel rejects $350 million takeover bid from Gurbaksh Chahal's Gravity4
MAY 13, 2015, 6:18 PM 30
There is no takeover.
But, the sector is obviously ripe for consolidation after the AOL news.
which takeover would that be?
esc, do you think you will get in before or after the takeover?
Yes Autonomy were being massively shorted at the time of the takeover.
From memory, I believe Autonomy 10-bagged from a valuation of something like Â£200m in the year or so prior to the takeover bid and then n-bagged again on takeover announcement. The takeover value was insane on traditional metrics like P/S and P/E and was motivated by gorilla game valuation principles.
Blinkx market cap Â£154 million, HP wrote down about $8 Billion if I remember correctly, would need to be one hell of a takeover premium LOL!
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lance corporal winstanley ash
Perhaps a real test of BLNK management is around the corner.
Rocket Fuel sold out to another tech outfit aggregating their offerings, whereas AOL has sold out to a major content network.
Depending on who you end up talking with would appear to change the value of the takeover substantially (after obviously factoring out AOL's content side)
It was the Squawk Box boys who were labelling the takeover as motivated by the programmatic ad platform. They had the caption: "Verizon AOL takeover for ad tool" or something like that. They were linking this with a piece they did on AOL and their programmatic ad platform last week. I think that was AOL's results which came in as boosted by the programmatic ad capability.
When the chairman came on and was interviewed today, I can only recollect him talking about content, although I was doing something else while listening.
Right now, Cramer is going on about "programmatic", "the word of the day" and "what it is all about".
Looks like the UK stock market is a slow reactor?
Perhaps it's a reverse takeover in order to list existing ad tech company?
Not sure, but market seems a little underwhelmed with the offer.
Another fantastic update from everyone's favourite AGM non-attender Geh2. I'm taking a leaf out of your book. I am definitely going to the AGM, but expect to have to cancel at the last minute due to an unexpected business issue - possibly a takeover or leveraged buyout. I'll never get to wear that "in SC we trust" t-shirt!
just until the sp turns blue?
looks pretty red to me!
5 May'15 - 09:11 - 94583 of 94584 0 0
I wonder when we will get Leluot4...
Wonder when stocky will tell us for the 400th time that Yahoo are about to takeover Blinkx!
go stocky or get f**ked in the arse
Pace just got takeover offer from Arris... and Pace are my largest holding...
But don't tell Stocky, he sold them as he didn't see much potential...
maybe tw and gang are part of the corporate structure to drive down a share price for a bid, takeover or so funds can buy cheaply?
after all the crap they gave qpp. that has been my best buy this year.
could be a re-branding of the company or making it easier for a takeover.
Loo loo - yes, he has his seat reserved for the AGM next to his hero SC. Of course, like every other AGM before this one, he will be unable to attend on account of a business deal, a corporate takeover or private equity deal of some sort (we would not understand). Geh2, a true captain of industry ...
interesting perspective from Alex, we will probably not see a bounce in the sp but the market had priced Blinkx as sliding away and this may provide reassurance to some that they are still in the game
or is that wishful thinking?
they may be ripe for a low ball takeover now?
Morning Good People,
Another quick question or maybe more a theory - I guess the threat of a hostile takeover is off the table (if we assume that VCs, other Funds have been buying and RG is a good guy for shareholders) and that the accumulation has been done using "O" Trades. This can be the only assumption, as it has been RG and other Blinkx affiliates buying. Well, is the next strategy to get the price moving in the right direction by buying but with "AT" trades? Once the price starts moving in the right direction, momentum traders will move in, pushing the price even higher. THEN release results. The news famine now speaks volumes, as we can assume that there must have been some partnerships, contracts and movement in the last 6-8 months.
I think it would be a bloodbath at the AGM if we are not at a decent price.
Well Gehe if they make the growth and improve ebitda, 7-10% would be a mild projection in terms of growth indeed.We would hit 60/70p in an instant and a pound by the end of May imo.Also due to the heightened and intensive need to carve dominance in this hot sector I do not see BLNX being allowed to trade the financial year out and a takeover at over Â£2 is more than realistic.Never forget the but and however, if BRIAN fails to deliver?Then he has failed and so have BLNX to maintain the lead they built so early on in its creation.I'm feeling pretty confident of a multi bag, if we have no however or buts!
Dont MM have to sell? Can Blinkx still initiate a small buyback now or do we have to wait until after the results?With the attack, I guess that Blinkx felt that they were a takeover target. However, with the MMs giving away shares so easily and no announcement, I guess that they now assume that the Bear Raid was putely for profit??
I'm calling 65p on results day.Over Â£1 by May and Â£2 by the end of the year, which we will never see as we will be definitely taken over as we prove our technology to be far superior than the competitors.Ps football go to the Blinkx website and relook at investors page, all results revealed and new PRESIDENT agency doing what the old one should have years ago.Lots of information indexed for a corporate takeover know.?
gowlane, what makes you think that?
Link for above post, Mark Slaters comment from October on sector consolidation.
GEHE, we know how fast this sector is growing especially the any device any time segment.As soon as BLNX's results are announced I really do not see them not becoming a takeover target.My guess is Amazon. They really need BLNX technology to put the icing on the cake!!
Can't believe that Motley fool and now ramping blinkx as a takeover target and it's worth buying a slice of the action at the present time.
There has been no news from the company no clarity no news flow so why now have they changed their mind?
LCWA.....how far is Rg going?....I thought 7/8% for a punt on a recovery would be great but 9%+ prob by now....Mmm,And yes its a stonking appointment,that guy could have got a job anywhere with those credentials....whats his business with this insignificant minnow!!...tick tock......You're comment about his credentials and picking and choosing work struck a chord. Head of mobile at Samsung is as good as it gets. Biggest mobile seller in the world. Only today I read Samsung have a 56$ billion war chest for acquisitions. Very exciting times, indeed. Regarding RG. I still think he's working on a takeover. He will have a fight on his hands, mind.
That is a worrying idea. Don't want a takeover anywhere near these silly prices.
Is RG working in cahoots with someone? Takeover, perhaps?
Preparing for a takeover?
Barkboo, Considering the low price, I would like to see a small share buyback prior to releasing any news. It is harder for traders to find shares if they are in safe hands - ML, SC and the VCs.The strategy of defeating the shorters is puzzling, when you think that our board has the financial firepower to take a lot of shares off the table. AOL and Yahoo! Directors have recently been buying, hopefully we see some more action from Blinkx. UNLESS, we are in takeover negotiations.Did anyone listen to the AOL market update? It was very upbeat and they have been through the same transition as Blinkx, but I think Blinkx is further ahead.
Thanks so moch stocky for your good wishes
You of course come across as a winner!
How's that Yahoo takeover of Blinkx progressing, Another winner I suppose!
Is RG the front man for buying stock for a US giant pre takeover i wonder.
Meanwhile Welsh financier turned tech investor Richard Griffiths has upped his stake in online video advertising company Blinkx, up 1.5p at 27.87p. Griffiths owns 8.05%.
Lol. Those guys are really trying to sell the notion that the Adkarma takeover is not a done deal? Anyone that falls for that one should forget about investing. Minimum investment requirement credentials - knowing your arse from your elbow.
verizon approaches aol on possible joint venture/takeover deal
thanks for that analysis 1gw, you know what, I thought it could have been worse
the only thing I would say is that doing a share placing at 195p to fund the rhythm takeover in Dec 2014 (or at 134p in 2011) is one thing but when said shares are valued by the market at 26p it turns into something else
right now rhythm cost us much less than $64m - this wont show up in the accounts of course - but that's the beauty of the Blinkx playbook, issue shares when very highly rated, otherwise pay cash
Alex. You're talking complete bollocks. Give us an example of another takeover RNS with what you are asking? It's standard practice.
No news about BLNX the busted in that link Schroder!Ramping us to a takeover or consolidation is just a dream!
1gw, you have picked me up on 2 posts which you believe to make me a 'Market Manipulator'. The oppenheimer mistake and my opinions that Yahoo! will mount a takeover. I still believe this is something that is being negotiated behind the scenes. If not them, but then another party. As pointed out, I think this will now be more than 150p.
Hypocrite - "a person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, especially a person whose actions belie stated beliefs".
I think most people on here, based on my postings, would see me as a genuine investor. Can that be said of Sikh and yourself?
Well if you want to report anyone stocky, the contact details are on the linked factsheet. And while you're at it have a look at examples 5 and 6 on the factsheet. Which one do you think best covers your takeover posts? You might also want to look up the definition of hypocrite while you're doing research.
No chance stocky. None what so ever .BLNX is a shadow of its former self $400 million in any takeover tops.
Why, thank you Stocky.Ref your rumour takeover, someone needs to acquire 30% or the first outsider to acquire 30% must make a bid for the company.RG is the single biggest shareholder?He doesn't have the brains for a takeover, so he would need support.80 million shares equates to 20%, can't see anyone acquiring that with out the price moving. Not that many out there in circulation and the Mm's do not have enough left to put a lid on it.
Thanks Seball. Great information. Blinkx would have made profits if not for the bear raid and the acquisitions.The mergering of Blinkx technology and Yahoo! would catapult Yahoo! into the top 3 with Facebook and Google. They would instantly have a syndication and mobile strategy. Plus the added benefit of being able leverage CORE.Surprised if Google do not try and steal Blinkx away by offering a higher bid.However, everything points towards a takeover.
Rumours of Yahoo takeover have been repeatedly posted on all the blnx threads for several years...
Just search 'Yahoo' and you'll see...
Interesting point Loaf.I have trawled the whole of our major and minor competitors websites and it appears that none of them have the rigid verification of transparency, verification and copyright compliance as does BLNX?Again why are BLNX not shouting about this as a major point of difference to all their customers??I forgot, they don't have a PR dept.Infact they have no additional vacancies added onto the system for the last six weeks.....mmmmm.Takeover?
When a hostile takeover comes for BLNX I can just see it now!Brian will say " Ed can you deal with this one?" As he scuttles away to high five Sc and ML!BLNX is a company that no one can or will or ever should trust!This comment is based purely on the immoral behaviour BLNX have displayed continually to its shareholders, past and present!Everyone should behave and accept the 60p a share offer.It's rather generous given the current state of play!
Kendo is this your conspiracy theory? Implied but not actually stated. Do you believe this attack on Blinkx was purely to reap revenge on ML? A company in which he has only 5% and due to his sale of Autonomy would not be so affected as much as hard working ordinary shareholders. And you have the cheek to talk about integrity... HP fortunes are wrapped up in their view of life. The marriage of Autonomy and HP could never have prospered, if both partners were not shown respect. The question is why all the Autonomy staff either left or were fired.
I have worked with staff from HP Autonomy. I also worked with staff from Autonmy before the takeover. The technology is exceptional and in the right hands is very valuable.
I agree, Barkboo. I also think that any bid below a certain price will not even be considered. However, with Yahoo's billions from the Alibaba sale along with tax incentives, Yahoo! may present an acceptable package. If they are not willing to pay the total amount, then a symbiotic partnership could be the best course for both companies.
I am still under the impression that a hostile takeover was being engineered, but the July TU changed the balance of power. The low SP has allowed safe hands to gather some shares. Obviously, I would have been happier if safe hands could have been found in the 60-80p range
Barkboo, I have no hard feelings towards Digi. I'm just miffed that so many people on here do. Talk about holding a grudge. THE DARKSIDE.
Blinkx = way undervalued.
With the dollar so strong, any opportunistic company could mount a takeover. At 150p the bidding should begin.
Is Rhythm one of the leading mobile ad companies in the sector? Do they also have exclusive deals with their content providers?
Brian the speaking cock! HA!Hilarious.Yes Brian is an overpaid CEO who does not know how manage an organisation, at this level it is plain to see he is simply in far to deep and he will only be able to tread water for so long.He also has a rabid attitude towards small and institutional share holders and his communication skills are non existent.He was simply a one trick pony left holding the proverbial baby after that greedy ex CEO Suranga the Banker had cashed all his shares in and did a runner leaving adware running in BLNX's Eco system.Brian has not got a clue and has not even got the balls to tell SC to fuckoff and stop leaching onto BLNX whilst still drawing a huge salary for doing sod all.The sooner there is a takeover the sooner we can sack Brian and Suranga.Then and only then may have a chance at survival.BLNX needs visionary leadership not cowards and greedy bastards?
Well footy we know that there is a takeover very soon.
I would imagine Blinkx has not reached the scale needed for a takeover by a major player, and of course this year no company would buy it due to blinkx reputational damage that has happened which would be difficult to justify to the bidders own shareholders.
So no bid until blinkx can grow much bigger and earn itself a better image.
tt, maybe tentative approaches have been made by bargain hunters that we don’t know about, but I would hope that the BoD are determined to regain lost ground and if so then their judgement of inherent worth is probably a lot different than that of any potential buyers at this time
I imagine also that the Blinkx name is still somewhat tainted by the allegations in the blog, buyers might prefer to wait off and pay say a billion for a known performer than say $400m for damaged goods
Personally I don’t want a takeover for another 12 months minimum and until we are back growing revenues and profits again
What do you think the play was/is, barkboo? They are now just selling into safe hands. Is the cost worth it? You'd think they'd make more money on the upside. Or if they were planning a takeover they are slowly losing their shares.