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don't know about divis, seems he likes to mention acquisitions at every opportunity so I expect more on that front tbh.
cheers SB.
Bakky - go to proactive investors website and search for minds machines and you will see Toby’s video interview. SB
anyone got a link that works?
Let's see if the dividends come through next month. I think it's important, otherwise we've got 6 months of nothing to wait through again!
I'm also less keen on the billings approach now. It helped before because of the huge spikes in brokered sales that could really have scared investors during the dips, but now it's much more stable and they're avoiding those sales... maybe it's time to just state how much revenue was brought in. Booking income now to next year doesn't help the current figures and keeps the progress of the business in muddy waters. It's like we have to just trust based on the cash generation after the one-offs that seem to appear every time.
I also wonder if the organic growth approach will affect the size of the team. Costs do still feel like they're too high.
https://*********************/media/minds-machines-toby-hall-says-first-half-has-demonstrated-robustness-of-its-business-model
Lots of interest there with 12 view so far! See if you can spot the point where the interviewer forgets who this little company was for a moment, but she asked decent questions to be fair.
Its going to the play book on pivot from perpetual licence (single sales) towards SaaS. Standard sort of change with consequence of reduced close in revenue growth for visibility. It should re-rate but the need is for growth to be obvious and transpraent then once costs covered by high vissibility subscription it becomes easier to plan reliable dividends.
Dividend that later gets cut, pulled or staganted is actually a negative. It needs to be understood with high probability growth path.
SS, I have outlined Toby's plan for which there really is quite a lot of evidence apart from him actually stating it as a plan. Clearly I would like to see it work out and i believe it could well work very well, I am not at all confident about the timing, December 2021 may be way off the mark re Toby assertion the II's are long term investors. Also the 'someone will do the maths,' comment, I am not quite sure who this someone is. I do however think at some point after a divi is in place it is likely a clear case will be made that MMX is very sound and investable, I take your point that sometimes the market simply doesn't 'get it' but sometimes there's no accounting for the thing called life.......AKA stercus accidit........................Huckster
Spot on Hucks. Toby recent interview on proactive references the company's ability to have replaced (not quite like for like) all one off brokered sales with automated sales - and that 2021 is the year this will result in real growth in overall revenue. Add to this an uplift in adultblock activity which could add several $m in annual revenue on a reasonable uptake - and this time next year!! In the meantime - slip in a growing dividend and we might get out of this with a profit yet!! SB
Well I am sure there are a number of scenarios that are possible for MMX including a major II thinking they could do better managing, promoting and improving MMX's fortunes to their own benefit, in life stuff happens, sound companies lose a couple major accounts and end up closing or being taken over....................but Toby, albeit not a Richard Branson has indicated his strategy clearly, which is to keep doing what he (we are) is doing ( with no real innovative frills) and simply wait until 'someone' does the maths on MMX, Toby does actually say what he is thinking, but you do need to listen carefully because he doesn't say all that much at all, the point being is that eventually the fundamentals and profitability will be such that the market recognize it and off we go, his timing is loosely framed on this happening in December 2021. I think the balance of probabilities are that this is his genuine plan and that this is where we are heading like it or not, clearly other options exist but in my view they are less probable. .....we do I believe see the Institutional Investors buying into this after SJL's departure and now with L&C.....that's my take........so we wait......Huckster