Stunning results yesterday - simply no other word for them. EBITDA profitable for the second half of last year, and well on track for a full-year profit this year, with mobile, Miniweb and Cheep still to come. All looking very good indeed.
However, for those who think I will now close this blog and shut up - dream on. All my past criticisms of Blinxk mgmt were valid at the time I made them and they're still valid. No news of Miniweb or Pinball on yesterday's conference call, I notice?
And everyone seems terribly excited about the share price rising so much yesterday and today: let's see where it is in 3 months during the long between-results longeur, shall we? And even today it is still nearly 50% below the IPO price!
I'll leave you with this thought - if Blinkx mgmt had had any choice about revealing yesterday how well they were doing - with the risk of attracting a predator despite AUT's holding - do you think they would have revealed them?
Bring on the takeover. Google, Yahoo or MS (or News Corp...) could have mine for 150p a share...
Now you look an even bigger pratt than you did before.
ReplyDeleteThe share price is still just over half the IPO price. It's Chandratillake who looks the pratt for not supporting his company's share price better and not communicating with the City better over the past three years, not me...
ReplyDeleteCurious as to why he STILL hasn't bought any shares in his own company, even now?
I imagine he has a huge pile of options to buy the stock in the teens, options that don't expire for years. No risk for him.
ReplyDeleteAlso, we're paying him over 300 pounds per year, so he MUST have money to invest. He's probably been investing in Google.
Now we are closing in on the IPO price and it is very definitely you that looks like the pratt.
ReplyDeleteHmmm, but despite the stunning figuires we're not AT IPO price yet, are we, and the price is now retracing and daily volumes are dropping.
ReplyDeleteI'll tell you the real pratts - all those people, me included, who held this for years when there were much better investment opportunities elsewhere, rather than waiting until the business model was proven before jumping on board...