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.
next time you speak to the 'horse' ask him why he doesn't buy some shares. You can tell him that would send out a much bigger statement if he did. Don't hold yer breath though! Shareholders can see the ceo isn't bothered, even at these low prices, so why would they? Oh! and the company value is what someone is prepared to pay, not some fanciful number the 'horse ' reckons.
Blimey how many aliases do you have! Welcome back anyway.
As you can probably gather - i'm frustrated - and yes that's no doubt coming across as pessimism. Like hucks I have a lot of shares here for a PI - and i'm significantly in the red - and have been for years and at present I see no way out. The majority of our shares are held by II’s and largish PI holdings. As much as I like TH as an individual - there comes a point when you have to look objectively at where the company is as an investor - and despite the improved quality of revenue, geographic improvement, integration, acquisition, innovation etc etc - where are we? Rock bottom. We are hiring new high level staff when we should be cutting costs, we continue to offer outstanding share options (incl in financial years when we lost more than $12m), keep on finding legacy issues and there is only so long we can blame previous management, send mixed messages on dividends/buybacks, and could do better with communication – Fincapp’s performance is woeful. We are 4 months into the year and have zero guidance on 2020 – covid-19 or otherwise.
I keep on thinking ‘this is the year’ – but how many years do you give it. 5? 10……
Be proactive – cut costs, get off AIM, convey a strategic plan on where you want to get to and get the message out via a credible source – don’t just talk about shareholder value do something positive to deliver it. SB
Hello Guys..Sorry to see sentiment hit rock bottom again but I so feel we are shooting ourselves in the foot with some of these ultra pessimistic posts..PIs do look at these BB as part of their research..? Let's take a look at the Good Bad and Ugly Good...This is a profitable company on the cusp of dividend payouts...Our end of year report statement from Toby indicated that trading is normal in Q1..at the height of virus lockdown in China..We contrary to some posts have had good sales growth in a whole host of our portfolio over the winter....The quality of our business ,through the channel is of far better quality to previous years,ieour revenue is not distorted by one off auction loss income and broker sales...making us a much more valuable asset The end acquisition price is not dictated by the share price today..talk of a 10p buyout is absolute nonsense..that from the horses mouth too... Asked this week ,what businesses can do to improve their chances of survival ,Bill Gates said ,beef up online activity.Good sites,domains and SEO.. The Bad and Ugly This company has too many employees (what do they all do)and costs too much to run. Ugly...I agreed very much with norrab1 ,when he asked why senior staff has not taken a pay cut until September...nothing like solidarity with your shareholders..why also continue the buyback at this time. That doesn't sit well with most of us I reckon there is a good $7m of costs an acquirer can strip out plus a good profit..an excellent bolt on for our 16/18p Let's try and be positive ,of course objective too..if we don't like the company why should new investors? All the best guys and stay safe ...SS.
At this type of sp I simply cannot afford to even think about selling, I am in at 10p with close to 3M shares so I am stuck while the Directors fill their pockets, I am a bit concerned SJL gets fed up of all this and simply dumps his holding. A divi would help me pro - tem - 3% would be better than nothing. I have been in the loft this pm and recovered my old prayer mat, I will give that a try and aim it towards the stock exchange......Huckster
For me – we either position ourselves as a low cost operator (and our current $12m running costs do not suggest that is the case) in a low growth market (and our current growth would suggest we are low growth – strip out FY ICM and adultblock and its not a great picture) – and on that basis there is no reason why we could not deliver a reasonable EBITDA and PBT – and return an annual dividend of say 0.3/0.4p per share – which would support a share price of c.10p based on 3 / 4% yield.
The problem is we are a high cost operator in a low growth market – our innovation stretches to selling 15,000 luxe domains ($200k pa?) and adultblock which to date appears to have cost as much as it secured in revenue and which relates to a product that was waiting on the shelf as a result of its former owners business model – although clearly there is more to go on that product. Growing – barely; profitable; yes but limited by our costs; and innovative; debatable.
Strategies need to be reviewed to ensure they align with what remains a fast moving domain space with plenty of M+A activity. Do we just accept we are sitting on the side-lines until someone picks up the phone – and continue to convince ourselves that one day our turn will come. I have to assume that is the view of our II’s and major private investor SJL.
I remember one of our former executives – Elliott Noss – remarking this was always going to be a long-term play. Boy was he correct. SB
I think at the time it probably was the right call. They were losing a bloody fortune back then with those other clowns in charge. At least we are profitable for now, just where they go from here though??
SB....I think that is about all we can realistically hope for in the short/medium term. Question is, was it a good call to become a pure - play registry business? seeming the smart money says otherwise. Hey Ho
taking all that into account SB, what would you change? I can't see too much innovation in the near future, so we go with what we've got. It just always seems as dead as a dodo with this company. Near radio silence, no buybacks, refusal of management to buy shares etc etc. My hope is that Adultblock is a big success in the next 18 months, but as I don't rate the sales dept (needs sorting) then I am not sure that will happen either.Let's face it the big innovation of Luxe hasn't worked has it.
In 2016 mmx opted to close down its registrar operations (customers were migrated to Uniregistrar) to become what we were advised was a move to transition the business from being a vertically integrated business that owns, operates, and retails domains within our TLDs into a pure-play registry business.
The explanation at the time was “ The rationale for this is that we believe that we can return the greatest value to shareholders, both in the short and long-term, as an owner of assets (registry) rather than additionally operating the technical back-end and then retailing names within our domains to the public.”
It is hard to imagine 4 years later in the journey that the company is in the position it currently finds itself in terms of shareholder value – specifically the lack of.
The purchase of Neustar by Godaddy is a move in the opposite direction – the largest and most dominant global domain business has decided to become a vertically integrated player (although it has been dabbling around the edges for a while) - following Donuts, Centralnic and Affilias. There appears to be a growing business (revenue) proposition of being the wholesaler and retailer – keep as much of the $ in house as you can seems to be the message. Clearly there are economies of scale at operation here and that is one of the reasons why mmx opted to outsource in the first place – but when you look at the cost of our partner payments @$2.8m, commissions and third party fees @$800K and marketing costs @$1.6M – these are big numbers for what is a relatively small operation to be shelling out the door.
As I write this – Centralnic has regained all its losses sine the Covid-19 impact. mmx remains 30% down on its year high. For me that speaks volumes about market perception.
One ray of hope – Godaddy may well be on the registry acquisition trail (and the others in this vertical integration play) – and I am sure I’m not the only one here who hopes there may be an interest in mmx sooner rather than later. SB