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.

Blinkx PLC

FORECASTS

2014 2015
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Numis Securities Ltd
07-02-14 BUY 20.52 2.57
Westhouse Securities
06-02-14 BUY
Canaccord Genuity Ltd
09-08-13 BUY 18.26 3.74 23.36 4.71

2014 2015
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 20.52 2.57 0.00 0.00 0.00 0.00
1 Month Change 2.26 -1.43 -27.61 -5.07
3 Month Change 2.41 -1.29 -27.96 -5.62

GROWTH
2013 (A) 2014 (E) 2015 (E)
Norm. EPS 145.49% -30.14% %
DPS % % %

INVESTMENT RATIOS
2013 (A) 2014 (E) 2015 (E)

EBITDA £18.57m £m £m
EBIT £12.66m £m £m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER 32.44x 46.44x x
PEG 0.22f -1.54f f
Net Asset Value PS 12.27p

i sold out and then bought back a few at 124 - a bit high, but i think sp will recover, and perhaps in a hurry ..... a bit hard to read or i may have been braver

got KAZ right in both directions and with hindsight, wish i HAD been braver :-)

Numis and Citigroup are Blink's own joint brokers, so you can ignore them. GS has been bullish all along. I wonder how many GS's clients are suffering and maybe hence GS trying to lift the price.

Might join you on a daily s/bet.

The real significance is that none of the brokers have downgraded since the report.

How many house brokers downgrade their clients?

good observation .... shows what they think of edelman and i'm sure they'ld also like to cause severe nasal haemorrhage to those scallywag hedge funds who have effectively manipulated the market

If the trading update next Monday doesn't lift the SP then it will be open season for the shorts.

No reason for the trading statement not to be good.

Heres what they said on the 30th of Jan.........

The Company confirms there has been no material change to the operational and financial performance or outlook for the business, and that Fiscal Q3 trading was in line with management expectations.

Cant see that a bit of fiddling on adverts will have any effect.

NOTE ..................OUTLOOK.

I'm currently flat BLNX, but pop back from time to time because I think the price is still due a further fall.

One thing I would say about the stagnation of the current price - the price has now been at these levels long enough to prove that the market has completely forgotten about previous dizzy heights. And so should current or would be investors.

Maybe the price will move up from here, maybe (imho more likely) down. But the market has spoken and continues to speak: this share is worth less than 130p and more than 100p.

Investors buying in because of the old price ranges are fooling themselves and ignoring what the market has to say.

G

Should have a few bob in compensation coming from Edelman and his henchmen which they can add to forward guidance aswel.

The problem to be resolved is for Citibank and Numis as they recently placed 20m shares @ 195p so their clients are probably pretty upset.

You won't get any compensation from Edelman. Free speech and comment are enshrined in the Constitution. In the UK you have no such protection. Edelman will have a 'public interest' defense if it ever went further.

Its not what Edelman found/said although he did retract from some of the original article he produced, its his involvement with these hedge funds which the FCA will be looking into and if they find market manipulation believe me Edelman will have to get his cheque book out.

So you are wrong yet again Hays.

I seem to have upset you today, sorry I apologise, nothing malicious was meant.

He is just an assistant professor, so no point in suing him. If what he says is true, he wasn't ask to publish his research. He asks the client if he could publish it. That pretty much leaves him in the clear.

The tech investors conference is in San Francisco today and Blinkx are presenting about midnight our time. It will be interesting to see what they have to say, if anything, about recent events. No comment should see a down day tomorrow.

sticky - it'll be the hedge funds whose balls they have though that presupposes that FCA has any balls of its own - very unlikely on past performance

Blinkx S. Brian Mukherjee Chief Executive Officer and Edward Reginelli Chief Financial Officer presenting at 4:00pm local time at

Goldman Sachs Technology & Internet Conference in San Francisco on February 12

http://tctechcrunch2011.files.wordpress.com/2014/02/goldman-sachs-technology-and-internet-conference-agenda-1.pdf

I am not sure the FCA can do much about the hedge funds. It looks like they were heavily short before commissioning Edelman to research Blinkx's methods. That is something anyone is allowed to do. They did not ask Edelman to publish the research. They didn't change their position as a result of the research. It is hardly inside information. Edelman asked if he could publish and received permission to publish part of it. I wonder what he didn't publish. It may be more damning. Edelman has a long history of research on the topic and seems to publish it. You only have to look at his page at Harvard to see the dozens of similar papers.

It looks, on the face of it, that all involved are in the clear.

if the hedge funds were already short, then they weren't making much or even any money ...... if they then commissioned Edelman to create some research for them which, surprise surprise, gave the required (requested!) result, then it is no surprise (they asked him to ask them) he then asked if he might publish the results .....

it stinks, but ultimately the market itself will determine the validity of this condemnation, and sp will react accordingly ......

if the market concludes Edelman is misguided, then sp will climb though it will take quite some time recover its former heights, but if it concludes that he was right, then the plug will indeed be pulled