UK 23:21 Monday, 21 September 2026
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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 (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...
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Comments
alcira16247
Steve
Since Ben Edelman outed the firm highlighting its dubious unethical malpractices back in 2014, the company has struggled to re-invent itself, despite having funds in excess of $120 million.The results today are truly dreadful, of course the board sounds off on plenty of jam tomorrow promises, with reams of buzzy technical non speak, but lets face facts, a bad business rarely ever becomes a good one and this money eating machine will, most likely, just continue bumping along from one loss making year to the next, until all the money has gone to heaven.
As you state, Steve, one to clearly avoid.
J P Spaghetti
RNSs are frequently unintentionally truly amusing. Sometimes they report non-news, sometimes – though rarely – they contain objectively verifiable errors. But if ever you run a competition to find quite simply the anti-plain-English-most-management-BS-laden-RNS of the year I reckon old blinky would have more than a fighting chance of winning! In a moment of madness I dipped a toe here last year so I’m not actually amused. Boo-hoo.
Temptress
The BoD like to trumpet the cash on the Balance Sheet but a more useful measure is to plot the movement in net current assets and based on an analysis of this measure BLNX will run out of cash within 18 months. The problem is that the BoD do not forecast profitability within that time scale.