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blinkx - well known investor Richard Griffiths further increases stake, but its still a sell

By Steve Moore | Friday 10 October 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Internet media company blinkx plc (BLNX) has announced that Richard Griffiths (a former director of Evolution Group, which would progress to the FTSE-250, and well known smaller companies investor) has increased his interest in the company’s shares to 4.62% of the issued share capital. This follows an increase to a 3.50% interest a few weeks before the earlier-this-month profit warning which saw the shares fall from more than 35p to briefly sub 30p. With them currently at 31.75p, is Griffiths’ latest move a wiser one?


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