Tom Winnifrith Bearcast: No longer a down and out old man but a throwback to the 1970s & I hate James Hay
Tim Kempster beats me to it: Letter to AIM Regulation & FCA re Versariens' shambles of an RNS today & Neill Ricketts share deals
Are there no depths to which Roger Lawson of ShareSoc, Globo and blinkx fame will not go in order to silence me as part of a free press? The latest trick from Roger and his bully boy lawyers Keystone is to have a go at Audioboom.
Internet media company blinkx (BLNX) headlines its results for its year ended 31st March 2016; “Company records 68% growth in Core programmatic revenues while simultaneously reducing annualized operating expenses by $40M, during a year of rapid Industry evolution and reaffirms its expectation to return to full year profitability1 in Financial Year 2017”. All good then? Er, not quite…
Internet media company blinkx (BLNX) has updated on “a year of integration and investment” i.e. a year in which financial performance was poor so we’ll claim to have laid the foundations for future growth instead...
Internet media company blinkx plc (BLNX) has updated that “profitability in Q3 2016 was ahead of management expectations”. Good, good… “achieving break-even on an adjusted EBITDA basis during the period”. Oh, so not making a profit at all then! Hmmm…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
blinkx plc (BLNX) has, for the six months ended 30th September 2015, announced a loss of $79.5 million on revenue down approaching 14% on the corresponding 2014 period, at $91.4 million, though reckons that now its “strategy is aligned with market shifts and growth trends”. Hmmm…
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in ASOS, Blinkx, Lonmin setting share price targets for all three stocks.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares in Blinkx (BLNX), Centamin (CEY), Iofina (IOF) and setting share price targets for all three stocks
Blinkx plc (BLNX) has updated that “performance for H12016 is anticipated to be in line with expectations” – unfortunately for shareholders this follows a profit warning as recently as 24th August and means an anticipated “adjusted* EBITDA loss of approximately ($7 million)”…
That blinkx (BLNX) is a total dog is now beyond doubt. Steve Moore and I called it right and we are still bearish (see HERE) but now it seems that shareholders are waking up and that for CEO Brian Mukherjee the “black bag” day may be looming. Even Roger Lawson of ShareSoc is on his case.
A previous table showed a combination of AIM stocks covered bearishly on this website and disclosable to the FCA short positions had delivered outsized returns. In honour of blinkx plc (BLNX) - see HERE - the following updates...
Having consistently been bearish since the days of a comfortably above 100p share price and most recently at 35p in May HERE, I note with interest the “Business Update” from blinkx plc (BLNX) today – this including that “early second quarter (to end September) trading has been below expectations to date and the company now expects an operating loss in H12016”. “Business Update”? The shysters mean 'Profit Warning' then...
The story of Blinkx (BLNX) in the recent past, has been a story of bear attacks that not only took a bite out of the market capitalisation, but kept on sticking the knife in.
blinkx plc (BLNX) has announced results for its year ended 31st March 2015 which it describes as “comfortably in line with guidance, despite significant changes in the industry”. Congratulations. Oh wait… a pre-tax loss of $24.80 million on revenue of $215 million, down from a profit of $17.61 million on revenue of $247.2 million in the prior year! Was that really what management were aiming for as they announced the prior year’s results?...
Once again Professor Ben Edelman nailed the awful business practices of blinkx (BLNX) at the Uk Investor show. The Web Sheriff was on gine form as the video below demonstrates.
Ben Edelman promised new material on blinkx (BLNX) at the 2015 UK Investor show and he did not disappoint. I am working hard to get the full video of the Web Sheriff up as soon as possible but it is pretty explosive stuff.
Today’s trading statement from blinkx (BLNX) must be making even Roger Lawson from ShareSoc splutter into his cornflakes as it is truly dire. No wonder that the shares, 90p a year ago as Lawson said the bears did not know what they were talking about, are just 28.5p and falling. And worse is to come for this POS as a 100% vindicated Ben Edelman will be having another go at www.UKInvestorshow.com on April 18 in Westminster.
We flagged up early yesterday that a change of auditor is always worth looking into especially when the firm is one link blinkx (BLNX) which has issued profits warnings, attacked its critics with lawyer’s letters and was spun out of Autonomy whose accounts have been questioned a tad. And thus hat tip to Tempress for pointing this out picking up a very perceptive post on ADVFN. Over to temptress
I have not picked a fight with anyone for a week or so but as its my Birthday tomorrow I thought I’d treat myself and have a go at Roger Lawson from ShareSoc as he has written a piece today that is mean spirited in omission if not content. Journalists like fights and I have been goaded.
Oh coooeeee! blinkx (BLNX) and your bully boy lawyers – make sure you have pencilled in April 18 into your diary because Ben is coming back and he has more to say. Oh yes… it is time for round 2 with the Web Sheriff and we all know who won last time don’t we?
I look at the past year, at Ben Edelman, today's acquisition (AdKarma), the way blinkx (BLNX) presents numbers, cashflows and valuation in this podcast special
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...
The latest results statement from blinkx plc (BLNX) emphasises “a transformational period” and that “the company remained profitable on an adjusted EBITDA basis and delivered over $100 million in revenue during the period”. Sounds great, but au contraire…
I previously updated on internet media company blinkx plc (BLNX) a month ago concluding, at 31.75p, that the shares looked a speculation on the company’s ability to deliver a sustainable cash generative recovery, rather than a solid, value investment - see HERE. Currently at 29p, today released interim numbers support that view (as summarised below, red highlighting key negative factors, green key positive contributors), with further analysis to follow. There a lot of red ink here as befits a company that tried to bully the Sheriff of AIM with lawyers letters. That tells you everything.
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?
Having consistently warned on the dangers of the valuation of blinkx plc (BLNX) since the shares were 93p in April 2013 – previously updating last month that at 43p precious little forward visibility meant being long continued to look more speculation than investment – the following updates on a further profit warning today which has sent the shares down to around 30p.
Shares in internet media company blinkx plc (BLNX) have recovered somewhat from near 30p lows to a current 43p. Having consistently warned on the dangers of the valuation here since the shares were 93p in April 2013, I update in the following.
Earlier this year blinkx (BLNX) shares took one hell of a beating when my good friend Ben Edelman exposed them for engaging in business practices which were illegal. Blinkx huffed and puffed and employed bully boy lawyers but has not managed to refute Edelman’s charges which you can see him outline HERE. You would have thought it would have learned its lesson…au contraire.
Having consistently warned on the dangers of the valuation of internet media company blinkx plc (BLNX) since April 2013, I previously updated last month following a profits warning which had seen the shares fall from 65.75p to 33.25p. I now return to this stock as it delivers a new product launch announcement today, which has caused the shares to nudge higher, although only to 31.25p (last seen).
OK so I’m a contrarian and as such I am now long blinkx (BLNX). I bought three times on the day of the crash in my mad punting account. (I have this to remind myself of the pain of self-immolation in trading, so I don’t lose track of my customers.) I bought at 40p, 33p and 29p averaging out at 34.1p. Basically, this is where it sits right now. I think it is going up.
So posted some utter moron in the comments section of this website at the weekend. In fact we get a post a week in that vein. I guess Bulletin Board Morons just do not get it so let me explain once again.
I read with interest a puff piece for blinkx (BLNX) in the Money section of The Sunday Times. For the avoidance of doubt, despite receiving two lawyers’ letters from this company, I have always been a bear and remain so after last week’s dire profits alert as you can see HERE. But what makes newspapers print this shit other, perhaps, than that the journalists might get a cushy job on “the dark side” if they such enough PR cock for long enough.
I am glad to say that the steely glare of reality has alighted on a few stocks this week that should be familiar to readers of this site.
I first warned on this website on the dangers of the valuation of blinkx plc (BLNX) in April 2013 HERE and have consistently reiterated the view since – most recently in May HERE. After yesterday's profit warning, which has seen the shares fall from 65.75p to a current 33.25p, the following updates.
We faced down the bully boy lawyers from blinkx (BLNX) & threats from Bulletin Board Morons to bring you Ben Edelman at UK Investor 2014. At the time the blinkx fan club (step forward Citi– Buy target price 175p, have you guys adjusted that yet?) Bryce Eldercock at the FT, dimwit Harriet Denys at The Telegraph and Roger Lawson of ShareSoc dismissed Ben as saying nothing. You guys all so sure now?
"S. Brian Mukherjee, Ed Bridges at FTI, ultra-thick hackette Harriet Denys, Citi Group, Numis Securities, Richard Eaton of bullyboy lawyer Twobirds, Roger Lawson--we have beaten them all. We have beaten them all. S. Brian Mukherjee can you hear me? S. Brian Mukherjee, I have a message for you in the middle of the share price collapse. I have a message for you: We have been 100% vindicated on your POS stock. S. Brian Mukherjee, as they say in your language in the boxing bars around Madison Square Garden in New York: Your boys took a hell of a beating! Your boys took a hell of a beating." Yes blinkx (BLNX) has served up a disastrous profits warning.
Yesterday my colleague Gary Newman argued HERE that at 66p shares in blinkx (BLNX) were a buy. I respect Gary but disagree with him, this company is not worth £264 million. The shares remain a sell.
Blinkx (BLNX) is a company that I’ve followed for a while now and I think that it has finally found bottom. Its share price has taken a massive tumble over the past year off of the highs of 235p it hit last November to the present day level in the low 60s.
BlackRock Investment Management is one of the biggest and most respected names in fund management and it seems to be dumping blinkx (BLNX) shares at almost any price but it still has a stack more to dump. What is going on?
My piece earlier this week following results from blinkx plc (BLNX) has attracted some ‘interesting’ comments – see HERE. The shares were down meaningfully on the day and the following updates with them continuing to fall.
In the interests of balance I report to you the pre-results “buy” note on blinkx (BLNX) from its house broker Citi. It has a target price of 175p.. The shares are now 86p. However….
Internet media company blinkx plc (BLNX) has announced adjusted basic earnings per share of $cents 7.05 (4.15p at current exchange rates) for its year ended 31st March 2014, from a prior year 6.98 cents. Whilst seeing “many growth opportunities”, it announced that “we are taking steps to reallocate resources to emerging channels, including mobile and connected TV. We expect this shift to incur a marginal incremental operating cost”. The following updates with the shares currently trading more than 8% lower on the day, at 85p.
Not only has Tom Winnifrith received a death threat over his Gulf Keystone (GKP) musings, but it seems that if the nemesis of blinkx (BLNX), Ben Edelman, is also attracting attention. So which Bulletin Board Moron left the following message on Ben’s office voicemail?
ShareSoc does great work campaigning for private investors, for greater boardroom accountability and transparency. But right now with regard to blinkx (BLNX) it is ShareSoc and its deputy chairman Roger Lawson who have the questions to answer*.
When a stock is “hot” it can announce news of no import whatsoever and its shares zoom. When the “believers” start to ask about the Emperor’s new clothes in detail, when faith clashes with uncomfortable reality the reaction to such PR fluffery is negative. Blinkx (BLNX) is now in that phase as it refuses to deal with the fireworks delivered by Ben Edelman on April 5 at the UK Investor Show.
Apparently “pulse-poundings clips of the world's most extreme athletes in action, from insane skating stunts to the wildest surfing wipeouts, are now available at www.blinkx.com”. This is as per an announcement today from the internet media company and, with it the first stockmarket announcement from blinkx (BLNX) since Ben Edelman published further critical analysis of blinkx adware - see HERE, the following updates.
Harriet Denys of the Telegraph has run a piece today HERE on Ben Edelman and blinkx which is so bad that it begs the question: did she print it because she will print anything blinkc PR man Ed Bridges of FTI Consulting tells her to do or just because she is thick as two short planks? I really do not know.
In a pathetic piece today, with no comment on the actual content of the work, The Telegraph’s City Diary claims “Ben Edelman left red-faced over taking cash to bash Blinkx”. Following his UK Investor Show presentation, the Harvard Business School associate professor has published some further analysis on Blinkx plc (BLNX), noting “my testing of Blinkx ex-Zango adware began in 2004 with unpaid writing on my web site, and has grown to include paid and unpaid work for advertisers, ad networks, publishers, investors, and regulators. However, none of these requested or funded this article or any portion of the research presented in this article”. The following looks at this latest article in conjunction with some blogging by Zango co-founder and former Chief Technology Officer, Ken Smith.
For those unwise enough to not attend the UK Investor Show 2014 here is the full video of Ben Edelman’s presentation and the Q&A that followed. I found it compelling watching.
Our good friend Doc Holiday has just recorded a five minute phone interview with professor Ben Edelman the man whose analysis of blinkx (BLNX) has attracted so much interest. Ben's full UK Investor Show Presentation was videod and is scheduled to go live later today.
Following Ben Edelman’s presentation at the UK Investor Show at the weekend, ShareSoc Deputy Chairman Roger Lawson has published a blog entitled ‘Impressions of a self-publicist, and Blinkx’. I’d concur with Doc Holiday that it is the quality of the work rather than whether the writer is perceived to be someone ‘of modesty’ or not that is of relevance.
Steve Moore and I have been bearish on blinkx (BLNX) from well into the BE (Before Edelman) era. Our concern was simply that the rating was too high. We were right to be bearish although it won us no fans on the Bulletin Boards. But now that the shares have slumped to 90p would I rather be long or short? To be honest I just don’t know. I do not have a Scooby. Here’s why.
Yesterday I got a bullying letter from lawyers to a listed company. So too did Evil Knievil. Different companies same sort of threats. To Evil first.
Two months after seemingly feeling it satisfactory to merely note that it “strongly refutes the assertions made and conclusions drawn in the blog post”, internet media company blinkx plc (BLNX) has today published what it describes as “a detailed response” (see HERE) to Harvard associate professor and UK Investor Show speaker, Benjamin Edelman’s analysis. Is this change of tact perhaps related to a share price which has failed to really recover since Edelman’s publication?
Controversial AIM listed blinkx (BLNX) has today issued a trading statement and an attempted rebuttal of the criticisms made by star internet guru Ben Edelman two months ago. But Edelman is not bowed and promises a full response in five days’ time in London.
Whilst on the corporate website of internet media company blinkx plc (BLNX) to access the annual report for my previous piece on the company HERE, I noted that it had published discussion from its attendance at a Goldman Sachs technology and internet conference last month. This saw the company’s CEO “happy to answer” a question on what have been the recent controversies around blinkx and what is your response? The following reviews.
At around 100p, shares in internet media company blinkx plc (BLNX) remain depressed relative to the more than 200p at which they started 2014. As we all know, the heavy fall came after analysis from Benjamin Edelman, an associate professor at the Harvard Business School. But is there value here now?
The currently under scrutiny internet media company, blinkx plc (BLNX) has announced that its CEO Subhransu Mukherjee has acquired £9,100 of shares in the company at 91p each. This follows the shares falling from more than 175p after analysis last month (see HERE) from Benjamin Edelman, an associate professor at the Harvard Business School, and the following reviews.
The UKInvestor Show already now has 44 big name speakers having just announced its biggest and hottest name speaker yet. Flying in from the US just for the show this man will set the cat amongst the pigeons. Yes, our latest speaker is Ben Edelman.
To say that the share price of BlinkX (BLNX) has been on something of a roller coaster ride is British understatement at its best. What has happened here is also a timely reminder that penny stocks can often turn on a dime. Hysteria prompted by a certain infamous blogger regarding the company, caused the stock to plunge to plunge to 85p - effectively halving the market cap overnight.
In the second instalment of this week’s Top 6 AIM stocks to buy, the Closet Chartist recommends Blinkx and Coms.
Currently embattled (see HERE) internet media company blinkx plc (BLNX) has announced with great fanfare a partnership with Crown Media Family Networks, home of Hallmark Channel and Hallmark Movie Channel. But is information like “Hallmark Channel and blinkx will deliver highlights of the cutest competition around with all the adorable action of the first ever ‘Kitten Bowl’” what investors currently need to be hearing here?
Following a blog post (see HERE) blinkx plc (BLNX) yesterday noted was “by a Consultant paid by unnamed third parties, in which he discloses, ‘I prepared a portion of this article at the request of a client that prefers not to be listed by name’”, brokers to blinkx, Citigroup (“Citigroup Global Markets Inc. or an affiliate received compensation in the past 12 months from Blinkx Plc”) and Numis (“Blinkx is or has been during the 12-month period preceding the date of this research report, a client of Numis”) have reiterated positive stances on the internet video and advertising company. The following reviews.
After the storm who is trading Blinkx (BLNX) now. Three experts - three views. Paul Scott, Lucian Miers and Evil Knievil
Shares in internet video and advertising company blinkx plc (BLNX) were down from a 186.75p close two days ago to as low as 85p today, before closing at 118.75p, after noting “a recent blog post by a Consultant paid by unnamed third parties” (see HERE) and that it “strongly refutes the assertions made and conclusions drawn in the blog post”. Is this thus, as house broker to blinkx, Citigroup, considers, “a significant buying opportunity”?
Apparently some blogger has been on the warpath regarding Blinkx, (BLNX) and even though his arguments are too complex for me (or I guess most people) to understand the shares have tanked. The stock is on a PE in the stratosphere and most retail investors do not even know what the company does but an injustice feels like it has been done today.
At 2.54 PM today Blinkx (BLNX) finally put out a statement in response to its share price collapse. I am not sure that I find it terribly convincing. The company says there is no reason for its shares to slump (as we described earlier), but says:
Shares in Blinkx (BLNX) were off by 50% at one point today. As things stand the shares are down by 35%, 62p at 113.5p. The reason appears to be a fairly venemous bear piece which has appeared: The darker Side of Blinkx.
Blinkx (BLNX) has been and remains one of the finer examples of an AIM stock where the fundamentals and technicals and the overall feelgood factor in terms of getting on the back of a company which is hot, all intermingle.
Edison is commissioned by companies to produce reports so when it admits that a valuation is high that is some admission. But it has done just that in a report out today on Blinkx (BLNX).
Ever since the Autonomy link scare buy opportunity for Blinkx in the autumn, it would appear that everyone and their mother has been backing this stock as one of the best AIM stock buys around, both on a fundamental and a technical basis.
I concluded a piece last month on AIM-listed internet media company blinkx plc (BLNX) that, with the shares then up to 93p, ‘there may still exist a bit of upside scope here, but the valuation now looks to leave little room for the years ahead not turning out as bullishly as currently envisaged’.
While it is always tempting to go over the top after a minnow has had a good day as video search engine group Blinkx has had today, it has had stunning technical for a number of months and therefore what we are seeing is no flash in the pan.
Shares in blinkx plc (BLNXM), the AIM-listed internet media company boasting “the world’s most advanced video engine”, trade 20% higher today, at 93p, on the back of an announcement that it “expects to report full year revenue and profits ahead of expectations”.
The latest sharp gap higher for Blinkx shares suggests the long awaited move to 100p plus could be about to become a reality.
AIM-listed blinkx plc (BLNX), which describes itself as “the world’s largest and most advanced video search engine” , has today announced a further partnership deal – this with KoldCast TV, an international television network of original entertainment programming.
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