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Minds+mach Share Chat (MMX)



Share Price: 5.70Bid: 5.50Ask: 6.00Change: 0.00 (0.00%)No Movement on Minds+mach
Spread: 0.50Spread as %: 9.09%Open: 5.75High: 5.70Low: 5.70Yesterday’s Close: 5.70


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Rykan
Posts: 370
Opinion:No Opinion
Price:5.70
RE: Good progress
Today 02:44
It looks to me like vip is at all time highs 937k, looks like the previous one was just under 936k

Doesn't look like much of a renewal or sales problem...
 
Sundaysun
Posts: 5,000
Opinion:No Opinion
Price:5.70
Good progress
Tue 21:55
Some really good increases in the past 24hrs..VIP 14k .fit 400..almost 20k..surf is adding good numbers daily now.Very pleased to see this progress with tomorrow's 5k premium tlds sale kicking off,things are looking good.
bakky
Posts: 6,304
Opinion:No Opinion
Price:5.70
ICM
Tue 15:39
I wonder what drop off there will be due to the increase in prices? That's quite a big leap from $ 68/70 to $100+ or whatever the new prices are now. I take it the increase is across the board with all four Tld's?
Silverblade
Posts: 242
Opinion:No Opinion
Price:5.70
RE: chna update tomorrow?
Tue 14:57
On reflection I would prefer that they hold off on any RNS announcement until the are ready to issue a trading update with real financial data which will highlight a growing turnover, increased earnings, generation of and hoarding of cash, managing total overheads below $12m and beyond, clarification on any remaining legacy issues, achieving renewals targets, premium and general sales, auction income – and most importantly – a clear timetable on shareholder distributions. Anything else is just noise and will lead to further frustration. That said, now I have said that I bet we get a light touch update tomorrow! SB
bakky
Posts: 6,304
Opinion:No Opinion
Price:5.70
RE: chna update tomorrow?
Tue 12:54
yes hopefully we will also get some news too on how the 5k premium names are doing.So maybe no Rns until next week or a little later.
2crazy4u
Posts: 770
Opinion:No Opinion
Price:5.75
chna update tomorrow?
Mon 21:54
Well last year on 25th we had a china update on .vip renewals and release of .shopping. Would be nice to have RNS tomorrow or this week with an detailed update and a new release as well?
Sundaysun
Posts: 5,000
Opinion:No Opinion
Price:5.75
SJL post
Mon 21:13
I think you can read a little between the lines on the question of valuation..Break up value of 11.5 /12p( double today's price)..add in some reasonable enterprise value and you can see 16p .Quite apart from SJL,I really dont think Institutional investors that are in at 13p will accept less than 16 p...
Taproot
Posts: 964
Opinion:No Opinion
Price:5.75
Welcome back SL
Mon 19:40
Why would they waste their time with such an offer? They would know you are in at 10p ,as by chance are a lot of other Pi investors including myself. I think that you previously stated that you would need 16p.Is that still the case.
In respect of the 28tlds,we have a really good end of year statement and look to be making good money on a number of tlds.Some old dogs have sprung into action ,the likes of .surf .casa .fit attracting some impressive prices.Mr Halls report was very upbeat in April and all the evidence points to that having continued.Of course I have no idea how .london is going but we did have $500k recovered from China reported.China actually looks very strong just now.
I’m sure you know these details but don’t wish to appear rampy,which I respect you for.
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
RE: Welcome back SL
Mon 19:26
tap. I hear you... If I were running one of the others I would be in like a robbers dog offering 7-8 p a share now based on a 5.5 AVGE...
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
sjl 2 cents part 4.
Mon 19:24
..reasons, like buying out of onerous contracts or acquisitions then fine. If , in truth they simply dont have the cash simply because they haven't worked the business hard enough to make the underlying trading profits , then shame on them.
I have always had confidence in the management team both executive and non executive and met many of the institutional shareholders who seem supportive and reasonable.
Even in a break up situation the companies value IMHO is almost double where the SP is now and management are getting close to the end of any honeymoon period after 3 years where value needs to be tangibly delivered.

I will be in London in a week or so and will meet management and other sizable investors in MMX.

so the upshot is that nothing has changed. I am still very supportive of the management,ent and the business as a whole and am please to see we are still in a consolidation market. management just need to deliver clear tangible industry standard growth and margins and cost control and all should be fine. remember even $8MM EBITDA X 12 at todays ex rate makes 8p a share... 10MMX15 makes more interesting 12.7p.... hope that is useful to some of u
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
the SJL 2 cents part 3
Mon 19:14
I think the H1 2019 results will be a watershed moment for the company and is the moment when out =r decision to sell the company to MMX in a mainly stock deal will be vindicated or shown to be not is wise.
When we sold to MMX we had 4 areas of concern as did the market I believe as to whether we would make a smart decision or a bad one.... Wa the deal going to end up as a win, lose or draw against the other offers we had received. We always expected it would take 18 months or so for that to become clear and I don't think anyone ever had intention to sell shares until that period had elapsed. we were concerned about a) the previous premium deals to China and their collectibility, b) ongoing sustainability of registrations in China c) some of the loss making legacy contracts such as .London d) whether management could eke reasonable ongoing profitability out of the remains basket of 28 or so TLDs.

I think H1 2019 result will give us the answers to most if not all of those questions. 1) is the China debt being collected or is more needing to be written off b) how are basic registrations performing in china? c) Has the London contract been renegotiated or paid off at a discount to its exposure d)Are you making a market level return from the basic registrations and renewals of the 28 TLD portfolio....I can 100% assure this board that the ICM portfolio especially now with some costs being stripped out as staff used for other olds also, will "carry its water" and contribute to the companies bottom line , my guess is somewhere around $3.5-4MM for the full year.... IMHO unless they screwed something up, which I haven't heard about you can take that to the bank.... The question is how much does the former MMX "side" contribute...?? We basically put the two companies together with the idea that the value split was 2/3 MMX and 1/3 ICM but it was expected that ICM would perhaps contribute as much as 50% of the annual EBITDA, and im sure thats what it will. How much will MMX bring from their 28 tlds to match that? not including any windfall profits from auction proceeds etc, which should be gravy on top, but simply steady regular profits. I have long said I think it should be circa $8MM plus any froth.....The proof of that should be in the forthcoming accounts. I do not want to see underperformance in the MMX TLD base , explained away or covered over by a few million of auction revenue. Those MMX TLDs should be making money under their own steam by now and if current management haven't been able to do that after 3 years then they need to be held responsible and I for one will want answers. Likewise , if you do the math of an underlying $8MM a year cash profit plus an auction tickle or 2 then, even when paying down the debt we had there should be distributable cash. As discussed on this board that was alluded 2 in the may 2018 announcement as being 18 months window which is soon opening..... If they have a made the cash but decide to use it for other reaso
Taproot
Posts: 964
Opinion:No Opinion
Price:5.75
Welcome back SL
Mon 18:57
My first stick out reaction..They are waiting for the price to get lower?? Just how much lower can they be waiting for ,we are a tanked out rock bottom of the barrel price now.
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
the SJL 2 cents, Part 2
Mon 18:52
I have always liked the MMX business better than CNIC and have always seen more upside potential in MMX than CNIC. I had discussions previously about selling ICM to CNIC. That said, there would be a lot of savings to be had by CNIC and MMX merging their business. Around $6MM in overhead costs to be saved immediately.
Comments about nTLD market generally in 2019.
"steady" would be the word.
no huge growth but no "fluffy " growth that had been seen in some areas of the market places.
Market is MORE ripe for Consolidation more than ever (should be good for MMX is it has some good Raw meat).
Potentially aquirors with the means and stated intent: VERISIGN: AFILIAS:NEUSTAR: DONUTS : RADIX: CNIC
Targets " RADIX:CNIC:NEUSTAR: UNIREGISTRY : MMX
MMX the cheapest one by far and best VFM by far also.

Its only a matter of time IMHO. They only waiting for the price to get lower to swoop or for certain legacy concerns such as China: .London to get resolved.

more:
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
The SJL 2 cents, Part 1
Mon 18:36
Hey All,
Good to be back...
I have been very distracted for the last several months.
All the ICM Vendors are now out of any and all kind of lock ins, including myself and many have seen so since October last year. To my knowledge no ICM vendor has sold any shares or even expressed and interest in doing south the exception of one former manager who expressed a need for some cashflow and may sell less than a million shares.
I have kept out of managements hair as I said I would and have let them run the business as I said I would... with H1 2019 coming to an end this is what I consider the critical results reporting even tho h1 is historically the quite half....more
Donury236
Posts: 42
Opinion:No Opinion
Price:5.75
RE: Cnic
Mon 18:21
Clearly they are. Even at a website level it is more 'inviting' and feels more real. I also do have to wonder if the fact its a London address rather than the British Virgin Islands invokes a little bit more of a feeling of security & realness. I can admit that I read that and it just makes me think of where people hide money or run off to when avoiding taxes....
sjlawley
Posts: 166
Opinion:No Opinion
Price:5.75
RE: Luxe and where is SJL.
Mon 18:19
Tap, Nice of you to have missed me.
I am here alive and well.
Was very wrapped uo in new venture but we got a little screwed by HMGovt last week
https://www.theguardian.com/technology/2019/jun/20/uks-porn-age-verification-system-to-be-delayed-indefinitely
so have a bit more time on my hands to hang out and chat with you guys now :

Stuart Lawley..
Taproot
Posts: 964
Opinion:No Opinion
Price:5.75
Cnic
Mon 14:41
They have a valuation that is more than double ours but their sales and profit is not that far removed from MMX ,allowing for the provisionals in our last accounts.I don’t have much invested in Cnic but I find them far more investor focused than MMX and that is probably why we have this gulf in relative values.I certainly don’t think they are a better company.
ramputsnik
Posts: 636
Opinion:No Opinion
Price:5.75
Cnic
Mon 14:13
Cnic issued a trading update. Due to strong trading in the first 4 months of 2019 they expect ahead of market expectations for full year. Also issues 50mil bond at euro libor +7%. Net debt at 7mil,
Share price at this year's all time high... Give me strength
Taproot
Posts: 964
Opinion:No Opinion
Price:5.75
Luxe and where is SJL.
Mon 13:15
Sunday,It’s good to hear that it is such an improvement on previous methods ,There is clear potential with .luxe although, I would have expected a bit more than 6k by now.On the other hand ,it’s a well priced product delivering revenue and profit with innovative thinking,without which ,luxe would have been another tld turkey,much the same as luxury is.We don’t hear much from SL these days,would be good to hear his latest thoughts and if he still sees MMX as a target for bigger players this year ,Donuts for example.
Sundaysun
Posts: 5,000
Opinion:No Opinion
Price:5.75
Crypto
Mon 11:17
As someone who uses a luxe crypto wallet ,I can say that it's so much more convenient than an alpha numeric code running into 40 digits.It started out as an Ether only wallet and now has become a general wallet.The ease of use is the key here..Its still early days but is a transformational change for those who use it..the message will gradually get out there..its only going one way..In the meantime Wednesdsy is the start of 5000 premium domain sales...Its looking like a bumper H1 leading into the same for H2.
Scotty77
Posts: 1,088
Opinion:No Opinion
Price:5.75
RE: Crypto
Mon 10:52
Personally I think the issue with luxe is the name itself. its not catchy and has no relationship to crypto so people find it difficult to relate. imo of course
You_Having_a_Laugh
Posts: 476
Opinion:No Opinion
Price:5.75
RE: Crypto
Mon 10:25
What we see of .luxe is the very basics. Demand should increase with accepfance of cryptos. Absolutely.

However, there's no clear way to see how it will develop given the opportunity to write apps on Ethereum. The mind boggles. It would be amiss for management not to be consulting with geeks in the space to find what they would like to see to make life easier.

It's promising that MMX had the snouse to launch .luxe etc.
Rykan
Posts: 370
Opinion:No Opinion
Price:5.75
Crypto
Mon 09:11
From a personal perspective details on libra the Facebook currency/coin are pretty poor. Summarising they are trying to create a traceable government friendly stable coin pegged to a basket of currencies... In any case, Libra will no doubt inch by inch bring crypto use ever closer to everyday use reality. One could make a case, in today's world where no one would want their local ccy in 10 years... But I digress..

Fact is more crypto use broadly begets more crypto use across all coins.

Not that I have any idea how libra plans to have security on their coin. I do know one thing for sure though it ain't going to be through your Facebook account... From what my wife tells me hers gets hacked quite often. If it is one of these 42 (whatever the number is) security strings... I doubt everyone is going to want that... So Facebook will come up with something else.

However, my point here is the launch of that coin will create demand for other coins and the benefits they offer. The use of these security strings will go up... And the benefits of luxe will be more apparent to more customers...

Anyways more jam tomorrow...

Bitcoin starting to create some buzz again... 10,700... Buzz enough for me to write this.
You_Having_a_Laugh
Posts: 476
Opinion:No Opinion
Price:5.75
RE: Lots to be pleased with ,BUT.
Sun 18:43
bakky, "trouble is, even when we get decent rns's the sp does nowt! In fact I think on occasion it's actually gone backwards."

Taproot, "Just that bloody SP is bringing investors down........"

Smell the coffee, at least do a reverse split to reduce the float, consolidate, if not buyback.
SP at 5p-6p won't turn up an some useful radars as it LOOKS LIKE A JOKE..
Drive the ASP higher by reducing the float, it's not rocket science.
Metrics can improve and it will get noticed.
ramputsnik
Posts: 636
Opinion:No Opinion
Price:5.75
RE: Lots to be pleased with ,BUT.
Sun 17:28
.review in which mmx has a third interest performed badly reducing by half since end of march. That's about 20k less domain to mmx alone. Our mmx domains performed roughly similar if not better than Q1. So 60k ish minus 20k (review) is about 40k ish net gain. We also need to keep an eye on the deletes (about 90k at the moment).
Numbers growth is obviously important, but I'll be looking forward more to the revenue achieved per each domain. As more freebies renew they pay out more. So we might end up with not a huge progress number wise but a decent revenue increase. (also icm portofolio increased fees).
Also today 250 x 3 letters vip registered




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