Blinkx Share Discussion Threads

[leluot3] 23/5/2016 20:47

Talking of buffoons - its the tenbagger king trolling again! Keep it up gimpy boy!

[geheimnis2] 23/5/2016 20:32

Mmmmm....great post stocky

The savvy blinkx family can tell that the tide is turning...

And the buffoons? lol...well they just sit there trolling away as the waves wash over them....

[leluot3] 23/5/2016 20:29

Wow! a 1p rise in the day

now lets see - that's another tenbagger for the Gimp!

[football] 23/5/2016 18:06

Blue finish just like the bright blue sky above me

[jarvis4] 23/5/2016 17:54

Stocky....an extremely interesting and well put together article setting out the rapidly changing landscape which 1R is seeking to monetise. I think it is going to be an interesting twelve months.

[stocky] 23/5/2016 17:15

Interesting post.

[gowlane] 23/5/2016 14:28

1gw, yes good point, they have grouped them together differently

it seem a little hard to tell if Rhythmone has had much of a write off, probably most of it went against Burst as you say

well at least they should not have hefty goodwill amortisations in future, you would hope

[1gw] 23/5/2016 12:20

gowlane - yes, you're right on the goodwill:
"An impairment loss recognized for goodwill is not reversed in a subsequent period."
I was looking at the "intangible assets excluding goodwill" where there is a reversal possibility.

On the RhythmOne goodwill write-off, note that the 60% ($32m out of $53m) is of the new RhythmOne CGU which includes Burst, as well as Rhythm NewMedia, LYFE and All Media. They wrote off $32m, which I would imagine is mainly most if not all of the $25m held against Burst, but it must also include write-offs in some of the others as well.

[gowlane] 23/5/2016 11:42

Sikh, yes there are a lot of unfortunate conclusions you can come to, once you accept that there was something in Edelman’s basic premise, even if exaggerated.

I don't believe that they can write goodwill back but maybe can reduce the discount rate again in future to give them some more leeway

Even Rhythmone took a 60% write off, well it was bought partly with a share placing at 195p I think so not so bad maybe

From that conference call SBM will always be considering another investment, looks like he is a bit of a shopaholic

But once they stabilise cash flows and resume growth, a buyback should be on the table, if they have any consideration for investors

[sikhthetech] 23/5/2016 10:29

People are turning on ad blockers because of data-consuming ad tech

[sikhthetech] 23/5/2016 10:07

gl, just my opinions on where the revenue growth may have come from.... 'The Timeline 2010-15'...

The fall-off in Q4 is puzzling, as I don't recall blnx having such a fall-off due to seasonality befoe..

They do have a huge task on their hands... 30% of fy revenues are still non-core, so, still around $50m to come off future revenue... question is will core revenues increase sufficiently to offset this...

Tosca/RG are still in play....

[1gw] 23/5/2016 09:58

gowlane - nice to see someone paying attention!

I did the sums as well, felt somewhat disappointed when I calculated the $28m and wondered where the "missing" $47m of "core programmatic revenue" was. I thought maybe this must have been on the old platform (AdConductor?) or did they use someone else's platform? They did $45m of programmatic in FY15.

I think blinkx genuinely try to be helpful in providing new metrics, but (seemingly as usual) because they provide incomplete information they tend to raise a whole new set of questions. Clearly it would have been helpful to have a quarterly split of total programmatic revenue (or better "new platform" and "old platform" lines) to see if the new platform was more than replacing any decline in the old platform.

On the 19%, I suppose it raises the possibility of writing back goodwill should funding conditions improve and the discount rate falls back again (although I somehow doubt they would want to add back goodwill having cleared it off the balance sheet).

To me though, this 19% discount rate also highlights the opportunity cost of having the large cash balance / bond investments sitting on the balance sheet. I really can't see why they don't return at least some of it by opportunistic buying of their own shares.

[gowlane] 23/5/2016 09:05

Sikh – not sure what you mean about the header, have to admit I don’t take much notice, just follow the posts!

A discount rate of 19% for the goodwill impairment test seems steep, that rate has gone up from 10%, to 16% and now 19% in 3 years. Perhaps it is their way of providing for uncertainty around future cash flows, increased risk in other words. The fall-off in Q4 is still puzzling?

On reflection, results were not as promising as I had previously thought, that table under operational highlights in the preliminary results that shows ‘programmatic platform volumes’ etc by quarter doesn’t really add up to very much yet – is this the rhythmone platform? – showing $28m revenues for the full year.

They have a serious job of work yet to do to grow this going forward

Hopefully it should stabilise this year, cash flow wise at any rate, and there is always Tosca

But best not fall in love with this stock, moody and enigmatic, it doesn’t return your affections

[leluot3] 23/5/2016 08:10

hahahahaha geheimnis and his ten baggers!!!!!!!!!!!!!!


He piled in at £1 and the share price is now 20p - that rates as a tenbagger in the gimps world!!

[geheimnis2] 22/5/2016 14:10

Hi quimmer

You may recall that I cashed out for a ten bagger?

Would you like me to dig out the post?

Lol...ill let you do that since you have plenty of time on your hands when you're not trolling....

[kendonagasaki] 22/5/2016 13:22

Yes I heard you piled in at a pound plus and were begging Sikh the tech for advice on what to do!Hilarious!! Do you want me to bring up that post?Just let me know gimpy.Remember I have lots of time on my hands since retirement.

[tiny twink] 22/5/2016 09:45

Happy Sunday Morning, is now the time to load up?

[geheimnis2] 21/5/2016 20:32

Lol...

Hey little tip from warren Buffett

Buy low, sell high

Not the other way round!

Tell quimmer when she gets back from her bar shift

[geheimnis2] 21/5/2016 19:53

^^^^ look who is trolling!!

Step away from the bottle and the keyboard, quimmer!

[geheimnis2] 21/5/2016 15:37

Don't be a buffoon!

Load up on blinkx!

240p is the price - reiteration from barky's scaffolders!!

[sikhthetech] 21/5/2016 12:05

gl,
The timeline in the header wasn't far out, was it?

yes, they have rebuilt themselves in an impressive way... but it's money that matters...
New offering but will it be enough to turn the business around...

SC is up for re-election.. maybe time to show him the door....

[sikhthetech] 21/5/2016 12:01

1gw, thanks..

I've added the AR to the header...

[gowlane] 21/5/2016 09:56

good finds, well they didn't say 2016 was a transformational year as such - looks like Sikh has them rattled!

they have re-built themselves in an impressive way, and unlike SC, SBM does seem to have kept a lot of skin in the game, even bought a lot of shares once as I recall

but will they make money is the question, this has become a very tough business to compete in