Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@M007, The statement regarding dividends was made in May 2018. Do the Maths!
Re: quoted post below
Commenting on a prospective dividend 18 months out is as ridiculous as the US Fed telegraphing three rate hikes over a set period. It might have an effect on short-cycle markets, but 18 months out is an eternity for this company and in capital markets.
"2017 has been about proving out the business model: firmly locking-in the operational gains of 2016 to ensure a profitable base, and developing a long-term growth strategy. The acquisition of ICM, announced today, marks a major step forward in our ambitions both to scale and introduce a progressive dividend policy over the next 18 months."
They raised capital at 13p and you could tender at that price (as some director wisely did - follow the insiders). A great deal for the company and shareholders, not yet so great for that investor who remains underwater. From most perspectives, a well executed deal.
On same hymn sheet M007.
bakky, it's not the business it was back then and not the same driver of the bus.
This company doesn't have enough market cap to draw relevant attention to the shares. They should spend cash to grow the business, retire shares and eventually sell to a strategic buyer or financial consolidator. TH and the team/board should keep on the current path and eventually there will be a catalyst. Until then, no one cares.
yes, I well remember the last buyback here few years ago. How many tens of millions of shares was it? Remember the benefit of that everyone?
M007, you're opening a can of worms here by asking that question.
The answer is yes, shareholder yield would be better but some can't see it or perhaps work out the maths.
I'm in so much trouble now!
Where is there a reference from the company suggesting there may be a dividend late this year?
If the company is in the position to pay a dividend, does that imply higher ROI opportunities are exhausted? Given the company is in a cash building position now, would not buying in shares be a higher ROI than paying a dividend?
Thinking about the recent references to renegotiations, I wondered if the company might be looking at concluding the work which started with the .london contract restructuring last financial year. As we know the company impaired both the asset value by $4m and wrote off a further $7m to reflect predicted losses for the four years remaining in the contract. There was reference to the company seeking a more equitable settlement and that is possibly part of the current discussions - a potential upside.
At the same time, a further payment of $721K was made against another domain deal to conclude a contract restructuring - although it is not clear which domain it was.
Given the company owns 100% of its domain portfolio apart from the following - Law (50%); London (50%); Review (33%); Country (50%); and Boston (99%) – then any contract restructuring is likely to involve those domain assets – and possibly the level of agreed partner payments even though sales targets are not being achieved? On the assumption London is sorted, the performance of law, boston and country might require further management intervention to address – although I suspect the $721K is related to one.
Note Radix replaced Donuts today at the top of the gtld registry league table. mmx numbers holding up well so far; at H1 2018 we had 1.5m registrations. H1 2019 – we could hit 1.9m+. SB
Let's hope it doesn't take too long!
it seems to me like they won't announce any divis until all the renegotiation stuff is done. It won't be easy pleading hardship and a better deal whilst announcing a divi at the same time.
Thanks for that update Taproot - so, we're still looking at Dividends for the end of 2019?
Once again we continue to suffer from continued selling at small volumes. All the impetus from the last two weeks in terms of director purchases (nice to see your confident too Sunday), TH feedback, some really good observations from posters, strong domain sales, upcoming premium programme and likely high renewals gets outdone so quickly. Being a shareholder here ain't half difficult at times......3 weeks and H1 2019 will be over.....and I hope for some early feedback on how our trading year has fared so far - lets hope the numbers do the talking this time. SB
I believe the business is at a crossroads now,legacy issues are being resolved at the same time as the R&D initiatives start to pay dividends to the bottom line.Such R&D initiatives are increasingly going to represent the future growth for MMX ,and I’m pleased to hear that our adult content tlds will also be subject to “irons in the fire” initiative.
The well researched targeting via use of data analysis and cost effective implementation of sales strategy are transforming the business,yet to be reflected in the SP but can only be a matter of time.
not many pending deletes showing up 11k at the moment again nice regs yesterday +10k goooodadddyyy go :)
Tap - thanks for sharing - it sounds like the positive nature of your conversation has allowed you to take a more objective view of what mmx have been up to behind the scenes - and whilst it hasn't been reflected in the company valuation it does point to an anticipation that we will have a strong set of numbers reflected in the first half year results. I was rather hoping that our legacy issues are now in the past - you seem to think there may be something afoot - care to share your thoughts? The only thing I can think of was a comment TH made in the FY 2918 results on how the benefit of contract renegotiations in that year will help up in 2019 H2 and beyond - and that's a positive impact. Thanks again for sharing......VIP has added 20K registrations in last 10 days ......maybe we will get to 1M eventually! SB
Thanks Taps,Confirms what many are thinking and validates my increased holdings ..
Thanks for that Tap,very encouraging to hear! Some big .Luxe names getting onboard.I take it only the said company is allowed to buy those names as brandholders/copyrights etc?
accenture.luxe
6 baiwei.luxe
9 budweiser.luxe
7 buffett.luxe
8 cocacola.luxe
7 colgate.luxe
8 gillette.luxe
9 haowuquan.luxe
8 jpmorgan.luxe
10 mastercard.luxe
8 movistar.luxe
7 netflix.luxe
6 shopee.luxe
7 siemens.luxe
6 usbank.luxe
7 verizon.luxe
6 vloger.luxe
8 vodafone.luxe
10 wellsfargo.luxe
What are the chances they raise guidance? I for one am very surprised that the total number of domains is up not down. I thought .work renewals or drops would take us lower. Clearly there are differences in the individual names as we are only up i am guessing somewhere near 4 or 5%. To me total names and average revenue per name is what matters. The full price renewals from .work which were, according to some commentators given away for a cent last year... Must have added immeasurably more to the bottom line, this year compared to last. As we know, they participated in private auctions, which to me would likely be excluded from guidance. They threw the kitchen sink at last year's results putting all (one would hope) of the previous management's rubbish contract commitments in there. I'm not an accountant so I'm not 100% sure how that works going forward. These premium sales, luxe announced and Christa Taylor emails, plus supposed synergies of the new team experience, systems etc. Was that in guidance? We all know we are operating above ongoing costs so operational leverage is kicking in. Any extra dollar goes straight to the bottom line. If one thought the company was going to make USD18m this year in sales with say usd12m in costs leaving usd6m. I'm not sure how the accounting works to get to the EPS numbers, again I'm not an accountant, but just as an example. They only need to sell usd18.6m for the EPS to be 10% higher, or usd6.6m in this example. Which is a simplified example only. I just read on another message board where the directors there raise guidance at 10% above eps. 10% to me seems reasonable. The company has made a bit of a song and dance about diversifying by region and I would assume, albeit not in its entirety, from its second half year weighting on revenues. Just to be clear, I realize they need to be higher than their guidance, not last years numbers to be beating. The point I'm making is they don't need to be that far ahead to be beating guidance for EPS by more than 10%. Personally I don't see why if it's come from one of premium sales, from auction revenue or from ongoing business, or a combo why it would not need to be announced as such. A beat is a beat and it's material. Just a thought, comments welcome...
Nice one 2cfu, good to see some aggressive selling!
That’s a good bit of info 2crazy - looks like we are going to finish Q2 with a bang.xxx......! SB
In the last month, the MMX portfolio of names saw an increase in premium sales of over 200% in volume and revenues when compared to April. In the e-mail sent there is a little chart cant copy here.
The Great Outdoors
.fishing, .garden, .horse, .rodeo
trips.fishing
auctions.horse $440*
spring.garden $45*
silk.garden
thoroughbreds.horse $25*
magical.horse
charters.fishing $440*
pasadena.rodeo $20*
expert.fishing $25*
Legal Professional
.law, .abogado
finance.law
innovation.law
commonsense.law
Hot & Spicy
.xxx, .sex, adult, .porn
surf.porn
tv.xxx $700*
subscribe.xxx
single.adult $550*
naked.porn ~$280
films.adult $700*
ICM Registry is part of the MMX portfolio of Top Level Domains. There may be sensitives around certain names and please know there was no intent to offend.
Your opinion on the inclusion of these adult themed names is important and we would appreciate your participation in the below poll, or alternatively, via email.
Adult Names Poll
Do you mind having adult related names in the newsletter?
I don't mind the names provided they are not offensive
Select
No, I just want a list of great names - bring on the spicy!
Select
Yes, I am offended by all adult related names
Select
Thank-you in advance for your feedback.
We'll be attending NamesCon Europe (June 20-22) in Cascais, Portugal and look forward to catching up with everyone there.
Don't forgot to join the MMX sponsored - Domainers.surf event on Saturday.
If you haven't already signed up, click here to receive the special rate of 399€.
As always, we appreciate all feedback and ideas!
Cheers,
Christa Taylor
E: christa@mmx.co
Exclusive Names for Every Domain
Welcome to the MMX Insider!
We've combed the domain world for you to bring you:
Notable expired names
Data-centric names
Premium names
along with relevant news, highlights and interesting trends.
We've included only a small sample of names. If you are interested in gaining access to a members only, exclusive list, of the latest dropping names submit a request to insider@mmx.co.
Premium Sales
In the last month, the MMX portfolio of names saw an increase in premium sales of over 200% in volume and revenues when compared to April.
On June 24th at 16:00 UTC, over 5,000 previously reserved and unpriced names that have been aggressively assigned to tiers for easy purchase goes live. A small sample of these names is included with the upcoming dropped names.
Recent Sales
Recent sales over $2,500:
aura.luxe, 57.vip, craft.beer, fda.law, ft.luxe, it.fit, hitched.wedding, nu.work
Between $500 - $2,500
out.law, karma.yoga, ab.fit, maui.surf, casinos.sex, keep.fit, caribbean.wedding, ju.bayern
Less than $500
barcelona.work, apps.london, video.work, church.miami, dad.fit, big.horse, psychotherapy.london, caribbean.yoga, sports.miami, promo.boston, chess.vip, mobile.bayern, thefirm.law, monet.garden, invite.vip, water.surf, pope.vip, uno.casa
This Months Dropping Names
This months exclusive list of dropping names includes a few select names from our previously reserved and unpriced names being released on June 24th as indicated with an asterisk (*). While there is no guarantee that a name will be available - drop us an email if you'd like one of these names and we'll reserve it and transfer it to one of our partners.
All names are standard priced unless otherwise noted. Estimated prices may vary depending on your registrar.
Generics
.work, .vip, .casa
spreadsheet.work
escorts.casa
indepth.work
volunteers.work
magnolia.casa
photographic.work
seasonal.work ~$90
espanol.casa $8*
nightclubs.vip ~$90
basket.work
cryptography.work
quality.work ~$45
Geographics
.london, .miami, .boston, .bayern
mechanic.miami
supplements.boston
nightlife.miami $220*
traffic.miami ~$45
condos.boston $220*
photographer.london £1800
decor.miami
rugs.miami $220*
vintage.miami
free.bayern
realty.boston $220*
live.london £360
ms.miami $90*
townhomes.boston $220*
oldschool.london
Lifestyle
.fit, .yoga, .surf
beach.fit ~$900
kayaking.fit
hawaiian.surf $440*
centered.yoga
professional.fit $220*
lunchtime.yoga
fashions.fit
brilliant.fit ~$45
pilates.fit $220*
Consumer Interests
.fashion, .wedding, .cooking, .beer, .vodka
holistic.cooking
kegs.beer
cajun.cooking $220*
boudoir.fashion
flavored.vodka $220*
student.fashion
songs.wedding ~$45
couple.beer
caterers.wedding $440*
The Great Outdoors
.fishing, .garden, .horse, .rodeo
trips.fishing
auctions.horse $440*
spring.garden $45*
silk.garden
thoroughbreds.horse $25*
magical.horse
charters.fishing $440*
pasadena.rodeo
4k vip regs. of which 500 3 letter ones