I'm not convinced by Blinkx business model, nor by their strategy...
Take today's RNS - they are still attempting to buy a company like MIVA that shows these deteriorating fundamentals.
* MIVA has reported reduced revenues for the last eight consecutive quarters * Advertising spend related to the distribution of the Direct business' toolbars has declined for the last two quarters * Total installed toolbars declined 11% quarter-on-quarter from Q2'08 to Q3'08 * Significant un-reserved liabilities may remain related to the European restructuring
but do you know where to look?
Get the most concise synopsis of everything that's been proven to work in value investing. If you like your stocks cheap you've found a treasure trove distilled to under 70 pages.
- How to find ultimate Bargain Stocks with Ben Graham
- How to spot Turnarounds and avoid Value Traps
- From Graham to Greenblatt via Piotroski & Lakonishok
- How to value stocks and set a margin of safety
Disclaimer:
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Blinkx Plc is a holding company. The principal activity of the Company, along with its subsidiaries, consists of the provision of video search and advertising services on the Internet. The Company operates a global Internet business. Its products include blinkx 3D, blinkx.com, blinkx AdHoc, blinkx AdHoc BT, blinkx Advanced Media Platform, blinkx Beat, blinkx Brasil, blinkx Embeddable Player, blinkx Internet Explorer 8 Add-ons, blinkx it, blinkx Mobile Video Search, blinkx Red Label, blinkx Remote, blinkx Remote for Kids, blinkx Video Wall, Cheep and Video SEO. The Company's subsidiaries include blinkx UK Limited, blinkx, Inc, Burst Media Corporation, Prime Visability Media Group, Inc and blinkx (Canada), Inc. On May 9, 2011 the Group acquired 100% interest in Burst Media Corporation. On November 9, 2011 the group acquired 100% interest in Prime Visibility Media Group Inc. more »
1 Post on this Thread show/hide all
There's a difference between being a creative innovator and being a business man. Suranga is not a business man... look at the latest interims...
http://www.stockopedia.co.uk/news/announcement/BLNX/081110blnx7706h.htm
The company is bleeding cash at $5m each 6 months... on revenues of only $6m... and they want to buy a loss making business? crikey. He needs to wake up to to economic reality... Blinkx isn't google and doesn't have a business model.. He should be trying to sell his own company right now and create some shareholder value...
Smacks of desperation in my opinion.