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 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.
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Comments
BananaBob
Steve
No offense mate but I wouldnt bother with any further analysis of Blinx, you and your shorting buddies at sharephropets have well and truly drained every last drop of blood from this company. What ever you say or red flag…..it’s all been done to death already and then some. The cost to poor PI’s incalculable
John ☠ The Tax Collector ☠ Zacchaeus
they’ll be rinsing through their cash reserves on hookers and coke in no time…and in 2 years time it will all be gone.