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blinkx plc – profit warning vindicates consistent bearishness, but what of the valuation now?

By Steve Moore | Thursday 3 July 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.


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.



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