Tuesday 27 April 2010

Blinkx second-fastest-growing video site in the UK

"The number of videos watched on Facebook rose 205% in the past year to 43m views, which made it the fastest growing video property in the top ten.

Blinkx was the second fastest, growing 204% to nearly 29m videos views. BBC and ITV sites were up 143% and 134% respectively, and Sky sites were up 139%."


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Comment: Second fastest-growing video site in the country. Just a shame that we can't say the same for the share price, eh?

Just think: all of those analysts at all those investment banks and they are all - every one of them - missing Blinkx's potential!

Or maybe they've been presented to by Chandratillake and have made up their own minds about the quality of Blinkx management. After all, we know from the company's own Nomad that a roadshow took place last year (which had, going by the share price, zero effect). We also know that Chandratillake gave a 'fireside chat' to the Great Vampire Squid itself, Goldman Sachs, not so long ago - and that had zero effect too (in fact the share price has gone down considerably since then, so maybe the chat's only effect was to identify Blinkx to GS as a great shorting opportunity). And more recently Blinxk hosted an analyst's meeting at its offices and - yep, you guessed it! - that had zero effect too.

It's true of course that Credit Agricole recently announced a 3.1% stake in Blinkx, but by itself that doesn't mean much - Blink has always had corporate investors, and at least two of them recently bailed. I wonder how long it will be - six more months of a depressed share price? 12? - before CA also begin to wonder, as many small private shareholders do, why they ever believed the bullshit hype about this company in the first place...

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