With video search set to be the next big growth area BLNX have the software the likes of Microsoft, Google and NewsCorp would love to have.

In fact BLNX have done deals with most of these, the most recent being the UtargetFox deal which has been reported in the USA but not RNS'd in the UK.

Alexa rankings confirm the continued growth in usage as its viral effect spreads:-

http://www.alexa.com/data/details/traffic_details/blinkx.com

The ITN RNS confirms blnx is the best in the market and is growing fast:-

Leading News Organization ITN Extends Advertising Deal with blinkx Based on Proven Campaign Success




blinkx Selected to Power Advertising across ITN Website and Syndication Partner Sites




SAN FRANCISCO, CALIF. - July 2, 2008 - blinkx, the world's largest and most advanced video search engine, today announced that it has won an extension contract that will augment the scope of its advertising partnership with ITN, one of the world's leading news and multimedia content companies. Under the terms of the new agreement, ITN will use AdHoc, blinkx's patented contextual advertising platform for online TV and video, to serve advertisements on the ITN website and its syndication partner sites, including Bebo.




Through AdHoc, ITN has already been effectively monetizing its premium news content on the blinkx.com network for over six months. During this time, ITN achieved a significantly better return, greater search volume, and higher monetization through blinkx than through other syndication partners.




AdHoc uses blinkx's patented speech-to-text transcription and visual analysis technology to understand video content more thoroughly and effectively than any other service today, and can therefore dynamically place the most pertinent advertising against it. The AdHoc platform offers media companies and advertisers a unique value proposition -- video advertising which combines the emotive power of TV promotion, with the relevance and utility of contextual search advertising.




The confluence of ITN's premium TV content, blinkx's extensive syndication network, and AdHoc's uniquely powerful targeting capabilities was a formula for success. By extending its partnership with blinkx, ITN aims to achieve similar returns by leveraging the AdHoc platform to deliver contextually relevant video advertising on its own website and across its distribution partner sites.




'We're thrilled to be broadening our relationship with ITN,' said Suranga Chandratillake, founder and CEO of blinkx. 'News content is one of the most popular categories of online video and there's clearly a tremendous opportunity for monetization. The success of our partnership with ITN is evidence that the blinkx AdHoc platform is a uniquely powerful solution for online video advertising today.'




'We've been delighted with the results of our partnership with blinkx and are looking forward to implementing the AdHoc technology on our site,' said Nicholas Wheeler, managing director, ITN On. 'blinkx AdHoc has proven that it can achieve significant monetization of our content, effective marketing for advertisers and, most importantly, a useful, non-disruptive experience for our audience.'




As a pioneer in video search technology, blinkx has built a reputation as the most effective way to search new forms of online content such as video. With more than 350 partners and 26 million hours of indexed video and audio content, including favorite TV moments, news clips, short documentaries, music videos, video blogs and more, blinkx uses advanced speech recognition technology to deliver results that are more accurate and reliable than standard metadata-based keyword searches.

Just the right news at the right time.

Looking around the bbs there are people working at breakneck speed to spin this as priced in or worseffs give it a restyou all made a mistakeyou done your bo**ockspay up and look bigAnalyst expectations might have been 90% priced in but we are ahead! Cheep to come any daythe safety and momentum of this company has just gone up another gear!.come on the Royal Flush.

herewith a larger but relevant chunk from that RNS .....

The Company expects to report revenues for the first half of approximately $27m, an increase of around 100% from the same period last year. The number of video searches and ads served also grew significantly. With revenues growing strongly, the Company expects to report an operating profit above $1m for the first half that will be ahead of current analyst consensus of $0.63m for the period. Since the year ended 31 March 2010 the Company's cash has increased by approximately $2m to around $17m, reflecting the positive cash profile of the group.

Looks like the shorters are fighting each other in the queuestill in auctionlol

not now - approx 77/78 ...... it'll be interesting to see when the dust settles, how much is deemed to be costed in and, more importantly, what the market perceives as the projections.

the most important aspect (i think), is to determining as to how soon the company will move into genuine, as opposed to fudged, profit

OK MMs youve let your mates out in the high 70s very goodnow get real!...

moderately surprisingly, the books are almost evenly balanced, so don't rush to buy, let alone top up

Please yourself!

i already hold, as you well know, so it is merely a caveat before peeps start panicing to buy at any price

Cynicthis isnt any pricethis is an M&S extra specially good pricelol

This might take a few days to fly up again into the 90sbut my punt is that SC has released this news to stop the attackfollowed by the launch of Cheepfollowed by First Half Results and Conference Call for 9 November with operating profit that could be more than just above $1m?a treble whammy to shut a few mouths up!I have learnt to read his words very carefullyalways a pleasant surprise!

posted by Dawnraid

Citi comment - strong

1H Trading Mildly Ahead of Ests; Comfortably on Track for FY

Blinkx indicated this morning that it is on track to deliver $27m of revenue and c.$1m of operating profit in the 1H. This compares with Citi/Consensus at $25-$26m and $0.5-$0.8m, respectively, and leaves the group on track to hit our FY estimates of $58m and $5.6m, respectively.

Implied Growth Encouraging; Group Now Cashflow Positive

While the group has given limited operational data (search volume/monetisation rates/CPMs) the YoY growth is over 100% at the top-line and c.31% sequentially. To make FY forecasts YoY/Sequential growth would have to fall to 50%/20%. We are encouraged that FY forecasts are sensibly, if not conservatively, set. A further milestone achieved in the 1H is the move to positive net cashflow.

The Big Leap: From Concept to Monetisation

While official data on monetisation rates is lacking, it is clear that the last 6-9 months has seen a strong uptick in monetisation. The combination of the group's content partnerships/distribution agreements and the adHoc ad serving platform (ie the capacity to monetise) is now as significant a variable in the Blinkx investment case as the underlying technology, in our view.

Valuation Less Extreme Than It Was But Still Compelling; We Remain Buyers

Having rallied from little over 15p to c.75p now (via 100p at one point), valuation is no longer as extreme as it was. Blinkx trades at just under 15x 2012E (March Y/E) EV/EBITDA and 23x 2012E P/E. However, while this appears extreme in a sector/Market context, with a 3-year revenue/EPS CAGR of 25%/70%, respectively, we expect the multiple to fall fast. A DCF-based analysis justifies a FV of c.100p implying an ETR of over 35%. We rate Blinkx Buy/Speculative Risk.

Next Newsflow: 1H Results

The company will report full 1H results on 9 November.

Blinkx Plc (BLNX.L; 0.73; 1S)

tabby - is that serious broker comment or merely BB hype, for it reads rather like the latter

Cynicposted on LSEcant find linkso cannot confirm.respected poster!also good Daniel Stewart comment...ask skinny...He never misses a thing?

Now the Gity boys have got their mates out of trouble you can expect the price to rise nicely

And that is exactly what is happening-- up 6

and i topped up this morning at 78.5

and i topped up this morning at 78.5 which i thought was a bit brave and def greedy!

Gordon Gekko would approve!
I understand that there is another Gekko picture coming out.

it's out and i think it got panned