London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
yes Mick, 10p will do for me too. Traded this quite a bit in the early days so not too bad for me here. I still think Ablock should be able to do 15/20k reg's by next Nov especially , could well be more too when they can expend it beyond the 80k (sales pipeline) ICM registrants.
fair enough and im not saying sell at these lows but with this stock its always been a case of "next quarter, next year results, once we see icm revenue, lets see what VIP does" blah blah blah ...now its adultblock .......... :) each to their own of course...... for me persoanlly i cant wait to be rid of this holding lol
yes Mick, looked at those but will wait on anything that flies. pubs, restaurants, hotels, travel etc until we know if a second/third wave will hit. We should know in a few weeks. At least MMX should be doing better than a lot of companies right now, which can't be sniffed at. If, as we are led to believe things are 'healthy' then there should be no excuse to paying a divi in the coming months. It would not surprise me if they try to come up with another reason why they can't ! I will probably hang on now until we know how Ablock has performed towards late next year when renewals should provide a good boost to the coffers.
bakky - check out many ftse stocks and see what happened to similar US stocks following the SPY .... easyjet, british airways, whsmith all seeing a recovery play back to their pre covid highs .... im sick to the back teeth of mmx. No doubt SJL jumped ship because he could see mmx for the pile of ****e, bottom feeder that it is and the opportunities in the major stocks that actually pay a divi offer so much more in terms of investment reward. Even my bog standard fund has steadily seen double digit returns year on year, yet this aim stock fails its shareholders time and time again, with only the bods interests at heart, no surprise there tbh. I still hold stock here unfortunately but the sooner i can liquidate the remainder the better .... and that will be at breakeven after 7yrs ... so much for a growth stock
huckster - I think we are all pretty much focused on H1 2020 - I just thought it would be useful to see what we have to compare against. I do agree that there seems to be a lack of visible growth in registrations - lets hope the growth being referred to by Elliot Noss was not specific to .com. org, net, country codes etc and that gtld's were part of growth. I think we have seen some evidence of this in casa, london, fit, fashion, law amongst others. It would be nice to think the company was on a bit of a push in june to finish the half year. As you say, lets see........!! Mickster - hard to disagree with your comments. There have been many opportunities to make decent returns in the past 8 weeks - and i am sure many investors have taken the opportunity to do so - possibly exiting positions in mmx - look at SJL's move into cash. Many of us here probably feel a combination of emotional attachment due to the length of holding (never good where investments are concerned) and total frustration that the fundemental business proposition/trading now appears to be delivering and yet there is an increasing issue with private investors confidence in the mmx management team specifically in relation to the share price disconnect. Toby has indicated the business is aware of this and of the need to improve investor sentiment - let's see if we can get any traction on this issue in the coming months where the company should be able to provide some decent trading updates and potential investor returns. SB
SB, thanks for this, there is certainly some progress over the last 12 months for sure, I think I am perhaps a little more focused on the progress in H1 2020. We are told there has been 'healthy trading', I did say to Toby this term was a bit wooly and we would appreciate more detail, 'healthy trading' is totally unidentifiable . The endorsement of the Elliott Noss statement is encouraging but again non specific, I am interested in the 'actualite' of our trading in H1 2020. Toby indicates healthy figures but the regs on the MMX website look a little disappointing and "unNoss like' to me. We shall see ....Huckster
Even with the current 300K of deletes we are still significantly ahead of the number of domains we had at this point last year by almost 500k (H1 2019 = 1.8m: H1 2020 = 2.6m - 300k = 2.3m?) We know the business numbers for H1 2019 ($8.9m revenue incl. 68% renewals covering 97% of all costs; operating EBITDA of $2.7m; PBT of $1.7m (eps 0.19c); 1.82m registrations; and cash generated $2.2m). As indicated the main unknown is the amount of brokered activity which may have been impacted in the first half of the year, albeit this probably has a lower impact on H1 due to the higher weighting on H2 sales/renewals performance. If increased covid sales and adultblock can mitigate any reduction in brokered sales that may be a good outcome for the business.
Given where we are – the business may look to coordinate a trading update in mid-July with an AGM – which would provide the opportunity to provide some clarity on our current cash position and potential dividend payment/timetable.
Bakky – you mentioned social media last week – from what I can see there is little activity on the company’s online presence – however I suspect Christa’s role is more focused on developing domain portfolio branding and providing such to our registrars to assist sales efforts. SB
Morning all, this half year is almost done! I expect to see some exceptionally good results from MMX in July as our sector has seen a "remarkable and immediate impact in registrations, they are way up, a significant bump in registrations", so yes, we should be looking at great figures especially for the usually quiet first half of the year...........an excellent time for folk to start doing the maths on MMX......we will see. Huckster
All the action is in new technology stocks such as hydrogen. This has been a train crash of an investment with little to cheer investors. The only action that will change the mood is to start paying a dividend.
I don't do social media. Anyone know what presence we have across the various platforms. I expect it's dead, just like everything else about the company it seems. We need some younger blood and a ceo from a proven sales background who can communicate imo.
It's not that investors cant see any near term upside,there could very well be some,its that they dont see us ,period.We are almost anonymous.Investors I have spoken to ,know about Cnic and the bigger players of course,but MMX ? No...The company has needed to be more communicative for a long time.Profitable ,debt free and performing well in the C19 period should be a magnet for investors..