Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It looks like there are several ICANN related heavyweights who are front and centre in the donuts and .org deals - there is clearly a lot of PE money at play in the domains business - with an insinuation the deals are a bit murky and more than likely benefitting from advance notice on policy changes in pricing in relation to the .org deal. Would we care if we were to benefit from a global push to control the domains market......not likely! SB
Well again if u do the math.....for sure they will have paid 15X profits on such an established recurring revenue base with c. 10 million names possibly closer to 20, if our team can pull out $8MM for the year, we had $6+ already "confirmed', with a further minimum of $5MM of costs to strip out to bolt on the MMX TLds.... thats a nett $11-13MM for someone in a roll up situation... put a decent multiple on that and way away we go. thats also said...... there are now 2 major PE buyers out there, Afilias will not be pleased with .org having slipped out of their sights, fewer and few decent size plays left, so the tables turn from the review where clearly no one wanted to touch or only on the super cheap to perhaps several suitors now... As bakky said, no rush now, deliver the results, pay some $$ out and see who comes knocking.... is bound to happen, just when....
Hony itself is PE business / who may have had to take a slightly longer time horizon than they originally planned - and for them mmx is a very small investment - but nonetheless one in which I believe they would see the ability to make a return hence they remain invested or they would have sold - I have often taken comfort that they remain supportive of the team. SB
yes SB,agreed. The likes of Hony acquired their pot at 13p, so will want a bit more than that no doubt, unless they are peed off enough just to get to b/e?
The clear difference to me is we now don’t need to sell - no debt, profitable, cash generating, growing etc / so any offer would have to reflect what would be a strong bargaining position - and the majority of our larger investors would be looking for a decent return. As I say, lots to look forward to. SB
yes and PE outfits are not renowned for overpaying or even paying going rate for businesses at times. I can't see anyone offering 11/12p at this stage, which would be a minimum imv.
There does appear to be a pattern with PE buyouts - proven, profitable businesses with scale and capacity capable of organic growth and likely part of a consolidation play to create the type of returns required by PE capital. Interesting times ahead for mmx. SB
don't want an approach just yet.Let's have a period of dividends first for me. Anyway, any offer now would be well too low for my liking.
https://domainnamewire.com/2019/11/13/breaking-private-equity-company-acquires-org-registry/