Updates

Blinkx - Buys mobile advertising business

January 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Blinkx has announced an acquisition and associated fundraising. It is buying Rhythm NewMedia for US$65m (US$30m cash plus US$35m in shares).Founded in 2005, Rhythm is a mobile video advertising technology company. It therefore looks much like the core Blinkx business but just mobile (having run campaigns for 50 companies across 200 mobile sites) and will therefore accelerate the growth of Blinkx's mobile video advertising business - the fastest bit within online advertising. Rhythm's sales this year should hit US$25m and grow 30% next year and with the removal of duplicated costs in Blinkxâ€™s hands should record a profit. To fund the deal and possibly others, Blinkx has placed 20m new shares at 195p raising US$64m, which is sligh ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Andor

Pressure Technologies - Riding positive super trend in deep sea exploration

Blinkx (June 2014)

Blinkx (December 2013)

Blinkx (September 2013)

Blinkx - Only 13% of platform interactions monetised at present (June 2013)

Blinkx - Operating margins begin to widen (March 2013)

Blinkx - Buys two online advertising networks (December 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X