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Blinkx Isses Another Profit Warning

Blinkx, the online video advertising broker targeted by short sellers, has issued another profit warning, prompting calls for management to sell up and return cash to shareholders who have seen more than four fifths of their investment wiped out since January. The company’s shares plunged a further 17pc to less than 30p on Wednesday after it said in its earnings before interest, taxes, depreciation, and amortisation (ebitda) for the first half of the year would be zero. That compares with $18m for the same period last year.

Read the whole story at The Daily Telegraph »

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