UK 00:03 Tuesday, 22 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 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…
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Comments
BobbyChariot
Caught that before Steve, looks like the lambs have been roped in to a 25% spike, this is just begging to be shorted into oblivion now.
wildrides
Still a basket case then . Dont know why companies dont realise that most of us doze off when E BIT DA is used as the profit ( rather loss ) measure . I mean what is the point investing at all if the BIT and the DA are bigger than the E.
They might as well just say “shite we made a loss again” Shares were after all invented on the premise there would be some reward for the investor . I Just dont see the point of EBITDA at all . If you buy a company you get the shite and the good bit together anyway . Its not as if you can avoid much apart from Tax via previous losses . No doubt some clever person will enlighten me to the contrary .
Temptress
Interesting to note that the BLNX RNS of 17th November 2015 contains a material innaccuracy on page 1. Under Financial Highlights it states cash and marketable securities of $95734 as at 30th September 2014 when the figure should be(according to the balance sheet} $114563.
Does it matter?
Well yes by showing the lower and incorrect figure it deceives the level of cash burn that this dog is now experiencing.
The RNS ought to be corrected.
JustCurious
Temptress – The representation is confusing but I do not believe it is intended to deceive. The cash balance comparison is from the start of the current financial year (i.e. 31 March 2015) to 30 Sep 2015. It gives a fair comparison of the cash burn in the six months of the period to which half yearly report relates. The cash burn for previous periods can be inferred by delving into the detail, as you have done.