Blinkx Share Discussion Threads

[stocky] 06/4/2016 10:11

Severnof9, hopefully Blinkx can find some synergies with InternetQ?You echoed my thoughts regarding the HY/FY loss. Was the $4m cost cutting also accounted for in H2? We will find out in May.Much points towards profits, but the proof is in the pudding.

[sikhthetech] 06/4/2016 10:10

Gl/amt, interesting views...If Q4 was lower than expected, has this continued into Q1 this yr...we will know soon enough...Easter was earlier this yr, so Q4 may have been affected by that. Maybe that's what they mean by seasonality??? Saying that we also had an extra day due to the leap year...

[henchard] 06/4/2016 10:03

MidasX

You say "Ok so with £53.9 Million in cash the whole of Blinkx is valued at £18.85 Million LOL!"

Shares in issue 404,462,870 x share price 18.5p = BLNX valued at £74.8m. So not at the 65% discount to cash you suggest, but a 39% premium.

[severnof9] 06/4/2016 09:31

I think it is quite telling to compare the first half EBITDA with the full year EBITDA. For half year the loss was $6.8 million while for the full year this is estimated at $10-11 Million.

Although a loss is never good in a transformational year the loss appears to be narrowing and the move to video/programmatic appears to be producing results in an area where the advertising spend is likely to increase. It is interesting though that mobile isn't mentioned so I suspect the transformation there isn't as positive as one would like

[geheimnis2] 06/4/2016 08:48

great post barky

seems hotpants lost her knickers at 43p here...

[barkboo] 06/4/2016 08:46

BTW - the Scaffolders are never wrong, this is a Royal Flush and that will become obvious very quickly..

Check out the history of Loopy, JohnC, John John, KendoQuim, Fluffy, Pinky pants et al. they have all one thing in common, they have all done their nuts with their own system of punting.

They all failed - now they want to tell us! lol

[jonc] 06/4/2016 08:28

Bent professor?That tells readers of your post that you are still in denial as to the BLNX operating methods.Had you have said the Blnx corrupt and deceitful eco-system your post would have had some credibility.

[leluot3] 06/4/2016 08:27

Midas you never learn

How many more turnarounds?

As for Brian M said!!!!!!!! The market knows not to believe a word he utters!


It is the bottom line that matters and this rabble cant turn any apparent progress into real profits - they are a clear 'bargepole' stock for investors - they never deliver


So here we go again - more jam tomorrow from the rampers - compare this with what the market concludes. More years of berky rubbish and I'm never wrong. The company's record sadly speaks for itself - Blinkx have come up short once again.

[midasx] 06/4/2016 08:14

Ok so with £53.9 Million in cash the whole of Blinkx is valued at £18.85 Million LOL!

There have been a number of acquisitions over the years and Blinkx today is made up of a large number of technology companies assembled at great expense to produce the RhythmMax concept, their programmatic trading platform.

By definition this is an automated platform and should not require huge numbers of personnel to function on a daily basis.

I have been expecting dramatic cost cutting for a few years, having been completely fleeced as a Blinkx investor and until yesterday have been disappointed to say the least. From the update:-

The Company took critical steps during the year, to optimize the Group's cost structure and better align with changing Industry conditions, revenue mix and profitability profile. This included rationalizing the product portfolio, consolidating multiple technology platforms, exiting certain office locations, reducing headcount, integrating functions and building out a highly scalable hybrid cloud infrastructure. As a result, the Company eliminated over $40 Million in annualized operating expenses, incurring approximately $4 Million in restructuring costs.

So the company has taken a $4 Million hit to produce $40 Million pa savings going forward! $10 Million a quarter savings in expenses should produce a good profit in the coming year!

I do not for one minute believe the board has carried out the costs cutting exercises without pressure from Toscafund who hold 29% of the equity.

Looking forward there is room for optimism in that Blinkx have fully responded to the attack from the bent professor paid for the shorting hedge funds that obliterated the share price:-

RhythmMax includes proprietary brand safety technology, RhythmGuard, which uniformly screens and eliminates underperforming traffic in real time and provides a singular platform to access cross-device RhythmOne inventory across Owned, Controlled and Extended supply sources. The Company now boasts one of the largest supply footprints in the Industry, ranking #6 US platform by ComScore and #11 global platform by Quantcast, as at 31 March 2016.

Our esteemed CEO believes there is room for optimism :-

S. Brian Mukherjee, CEO of blinkx said, "FY2016 has been a transformational year for the Industry and the Company. We believe that we now have the technology, talent and relationships in place to scale both organic and inorganic growth as the Industry continues to evolve and consolidate. Through strong cost discipline and a strategic focus on Core mobile, video and programmatic products we are now well aligned with broader structural market trends."

Let us hope so, and that the plan is not to sell out to Toscafund for a pittance, just as we are about to see a turnaround!

[geheimnis2] 05/4/2016 22:08

Lol...touched a lil nerve there kendo?


Mmmmm no class and it shows...

[kendonagasaki] 05/4/2016 22:01

I forgot its half term.You'll soon be back at special school Gehe, won't be long you window licker!

[geheimnis2] 05/4/2016 21:52

Lol kendo

I think we all know you lack class - like your girly pal, hotpants?

[geheimnis2] 05/4/2016 21:41

Blue day tomorrow, loops?

You betcha!

[leluot3] 05/4/2016 21:35

geheimnis has been allowed to stay up late tonight

could it be he's lost all his money on Blinkx?

just a thought

[geheimnis2] 05/4/2016 21:26

I bet Quil is waiting tables lunch and dinner time now, kendo

Whilst you hit the bottle?

[kendonagasaki] 05/4/2016 21:24

Gehe what do you think of the royal flush to £2.40?Do you reckon in another 8 years BLNX could be as big as Barkys wife's Apple catchers?

[kendonagasaki] 05/4/2016 21:22

Yes Sikh I do!And as for big bear?......well we all know he is all talk and no trousers.What is the point of a Gehe? Is there any except for use as the bulletin board punch bag?

[geheimnis2] 05/4/2016 21:20

^^^^ Katie Hopkins?

[leluot3] 05/4/2016 21:20

Lets hope the Big Bear is concocting a large bite that removes Baby Bear - Geh2 - for good!


18p after 8 years

Great effort from the 'family' - so glad you past on your advice!