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.

squeeze is taking affect-more blue to come
gla

Blinkx
Trading Update

Q1 trading update
Ongoing industry-wide concerns on efficiency and effectiveness, combined with the lingering effects of the blog resulted in Q1 revenues falling short of expectations. Reported revenues rose +5%, with +18% growth from the Rhythm and Lyfe acquisitions outweighing a -13% organic decline. This resulted in a -$5m shortfall in EBITDA in Q1. The group indicates that visibility is limited, though there is scope for revenues to recover as industry-wide initiatives to rebuild confidence in traffic quality come through. Further, the group has cost levers to protect profitability. We lower our FY15 revenue and EBITDA forecasts to $260m (was $288m) and $25m ($43m). We forecast Blinkx will finish the year with cash of $138m, equal to 19p per share, and after the recent fall the shares are trading on just 0.4x revenues and 4x EBITDA.

● Q1 trading update. Blinkx released a Q1 update which indicated that revenues rose +5%, with +18% from the acquisitions of Rhythm and Lyfe offsetting a -13% organic decline. The group indicated Q1 EBITDA was -$5m below expectations.

● Industry trends. The online video advertising industry has been impacted by concerns over audience quality, efficiency and measurement this year, with Blinkx specifically affected by the blog. As a result, advertisers have shifted to higher value inventory, in which they have greater confidence. This resulted in Blinkx delivering inventory at higher prices (fiscal 2H14 Premium CPM $7.9 vs 2H13 $4.8) but with lower volume (conversion 4.3% vs 6.3%) and this trend accelerated into the new fiscal year. Further, the online video advertising industry is shifting to mobile.

● Revenue forecasts. We have updated our forecasts predicated on lower volumes at higher prices and arrive at FY15 revenues of $260m. This comprises desktop falling to $203m (FY14 $220m), mobile growing to $50m ($20m) and Technology flat at $7m. The group indicates it has limited visibility on revenues due to the transactional nature of its business and the pace of industry transition.

● Profit forecast. Blinkx indicated that EBITDA was -$5m below forecast in Q1. Our previous FY15 forecast was $43m and we lower to $25m though clearly the outcome will depend on revenue trends experienced during the remainder of the year. The group has cost levers it can pull, so on our current revenue expectations we do not forecast that the -$5m shortfall experienced in Q1 will be fully replicated in the remaining three quarters of the year.

● Cash. The group stated on the call that net cash was c$115m/16p per share and we forecast this to rise to $138m/19p by the year end.

BlackRock holding goes below 5%

Numis Buy 34.38 34.75 - 68.00 Reiterates

City Diary: Hedge fund joins the dots between Blinkx and Gowex attacks
Valiant Capital, a San Francisco-based hedge fund, is a link between the two separate bear raids triggered by reports from Professor Ben Edelman and Gotham City.

Harriet Dennys By Harriet Dennys, City Diary Editor7:00AM BST 10 Jul 2014

Diary spots an interesting link between the short-selling attacks on Blinkx, sparked by a report by Harvard professor Ben Edelman, and Let’s Gowex, sparked by a report by Gotham City Research.
A unifying thread running through the two recent high-profile bear raids is Valiant Capital, a San Francisco-based hedge fund, which has profited from both companies’ dwindling fortunes.
Last December, Valiant Capital started building up its short position in Blinkx, the one-time video search darling, to a peak of 2.11pc by December 20, shortly before Professor Edelman’s Darker Side of Blinkx bombshell on January 30 wiped 40pc off the company’s share price.
In April this year, Valiant turned its attention to Let’s Gowex, the Spanish telecoms minnow, amassing – alongside unnamed others – a 2.8pc holding that resulted in an estimated $60m (£35m) windfall this week, after Gotham City’s La Charada Pescanova exposé helped put Gowex into liquidation.
It’s a small short-selling world.

I'm wondering when we'll see an offer on the table for this one... The SP must look very attractive to many.

blinkx Partners with the LPGA for Pro Golfing Coverage

Why have they messed around with the old RNS [ are you a private invester ] click here.

Now showing a small profit on my long position

You gonna keep holding til it's a small loss?

Ah them were the days .... I said 80p and people laughed.


Don't worry about Shortie G cos he knows what he's doing unlike RSI and his alter ego's.


RSI reminds me of an England rugby fan .... loyal but deluded :)

.... and thick as sh*t :)

Yeah I'm still holding for now, have to say I've lost interest over past weesk with this though. Indices mainly the DAX and FTSE have had my attention and the EUR/GBP.

Share price on the way to break pass 40p , and nobody as posted since the 14th August

That's because I'm around break even... Nothing to shout about..

So am i now

MM's holding the price back for most of the day , any idea why ? to fill a sell/buy order

http://www.blinkx.com/corporate/article/index?id=2226

StockMarketWire.com
blinkx says it feels confident about its prospects going forward after taking decisive steps to fortify its business model and realign its resources.

The preliminary first half results, based on unaudited pre-close figures that are subject to change, are expected to be:

· H1 2015 revenues of $102m to $104m

· H1 2015 adjusted earnings before interest, tax, depreciation and amortisation of approximately break-even

· Cash and cash equivalents of approximately $115m at the end of the period

blinkx says it has seen sequential month-on-month growth since July, and management believes the Company has reached an inflection point. Mobile remains a high-priority area for operational and strategic investments and is expected to contribute approximately 20% of revenues during the Period. Chief executive S. Brian Mukherjee said: "The past six months have been transitional for blinkx, which operates in an evolving industry moving toward emerging mobile models. We are well positioned with high-growth advertising formats that are expected to contribute an increasing percentage of revenues.

"We have taken decisive steps to fortify our business model and realign our resources to target growing areas of the sector, and we feel confident in our prospects going forward."

Peel Hunt comment:
"The saving grace is net cash of c$115m. Cash burn is now a real prospect. Hence the company must seek a corporate buyer, in our view.
Another warning: In another alarming development, BLNX has issued another major profit warning. Earlier this year, BLNX issued a warning, shortly after the damaging Edelman blog was published. This time BLNX guides to $0m EBITDA for H1 FY2015, vs $18m for the same period last year.
Profit decline in context: H1 FY2015 revenue is said to be $102m-104m. In effect, this is likely to be a reported decline of c$8m yoy. This is concerning, but not overly material in the context of a high-growth (and volatile) end-market. What is very disturbing is the collapse in profits, on the back of this revenue shortfall. This is major adverse operational gearing.
Prior expectations exploded: Earlier this year, we speculated that c$25m FY2015E EBITDA was feasible (period end March), vs $40m in the prior year. Clearly this looks hyper-optimistic.
Net cash: The real saving grace here is c$115m net cash (or c£80m) at period end. Investors will recall a fund-raising (for a deal) took place only months ago. With the company now on the cusp of losing money, the concern is thus cash burn. Other things being equal, there is c18p per share of cash ‘backstop’ value.
Management commentary: BLNX comments that in fact July marked an inflection point on sequential revenue trends. This remains to be seen, in terms of continuity. Likewise, developments on mobile are said to be gaining traction (now c20% of group, albeit at much lower gross margin).
Investment overview: We have no formal house view on BLNX. Historical EBITDA multiples look attractive but (downward) profit momentum is alarming. That being said, investors will be aware of the cash in the business, together with still-impressive revenue scale. Common sense dictates to us that BLNX must have some attraction to a corporate buyer."