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Blinkx – questions for the Sunday Times and for Numis Securities

Tom Winnifrith Sunday 6 July 2014

 

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I read with interest a puff piece for blinkx (BLNX) in the Money section of The Sunday Times. For the avoidance of doubt, despite receiving two lawyers’ letters from this company, I have always been a bear and remain so after last week’s dire profits alert as you can see HERE. But what makes newspapers print this shit other, perhaps, than that the journalists might get a cushy job on “the dark side” if they such enough PR cock for long enough.

The ST headline is “Tech boss buys shares on the cheap” – the story is how Subhransu Mukherjee, the CEO of POS enterprise blinkx bought 250,000 shares in his company at 34p after last week’s dire profits warning. But why does the Sunset Times reckons that 34p is cheap? There is absolutely no analytical evidence for that assertion and I note that:

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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