Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good point. Is ICM in the end a poison pill that will (or already does) repel both public company and private equity solicitors? .xxx, .porn, .adult, .sex - which would only leave Afilias, Radix and Uniregistry. Which would then again inhibit their IPO or PE sale fantasies, if they have any. Or am I too concerned over the CSR/ESG implications?
oh! and another thing. Quite simply they ain't selling enough and TH needs to kick some ass or get better sales people, or resign if he can't get sales up. He can't hide behind ICM forever !
Bakky, you and me both
Scotty. I would take 11p right now..
although Verisign/.com also sell similar 'adult' names they are 'hidden' by the fact that they also have 140m+ other names to help dilute the adult ones.Not so here with MMX as the old ICM part is by far the better performing bit so stands out more and also only has about 1.3m dums/other names to 'hide' them. Stick out like a sore thumb unfortunately.
buyout18p, I hear what you're saying, but 18p..not a chance imo! Hope I am wrong though.
I have to say I agree with SJL and SB. Bakky, despite all our disappointments I really cannot share your pessimism. My massive worry was that, me, being ridiculously over invested in a loss making AIM listed company whose product could perhaps become obsolete, maybe by a new product linked to .com, meaning MMX would quietly go down the toilet. But the management have pulled it round so we now have all the key ingredients, registrations, revenue and now profit . I must say I am both relieved and happier now. The name of the game has changed it now lies in amalgamating tranches of registrations yielding maximum profits and minimum costs. MMX has to be a target among 4 or 5 others, all this continued consolidation is always going to be a good omen for MMX, I believe our turn will come, there are PE companies paying very good money to fold large registries together, Go Daddy is now doing the same , it is hard to see why all this consolidation is not good for MMX, we obviously have links with Go Daddy so.....why not? I know I want to believe an approach will be made to MMX but with all this consolidation why wouldn't it happen sooner or later? question is the price? surprisingly around 18p would work for me............. Huckster
" Low Ah Kee noted that GoDaddy has ample liquidity to pursue other acquisitions." is a nice statement. Like you Bakky my concern would be that the likes of GoDaddy wont like headlines of "Godaddy buys xxx registry business.." but money is money after all and may see a low ball offer as worth a punt 10-11p max I reckon.
if/when an offer does arrive, then I expect it to be derogatory! I can't believe some here talk of 16/18p +.That's a bit crazy in my book. Just who is going to pay £150m+ for this, considering the discount they will all be looking for? They would need something like Adultblock/Luxe/another, to be bringing in a fortune for that to happen, cos the dums won't do it at their snails pace. All just my opinion of course, and hope that I am miles wide of the mark. As often said, 'time will tell'!
Bakky,
you may well be right.... time will tell I guess, I can't say definitively..
URSU.....Neustar had a terrible record of acquisitions, Agreed is a pity we weren't one they overpaid for..... again you may be correct and MMX gets left on the shelf but I somehow doubt it.... only so many chess pieces on the table and the remaining players can often be spurred into action by one of their competitors taking targets off the "Dance Floor". MMX, Radix, Uniregistry, XYZ, and even Afilias all remaining targets
I know others have different views but I still think the 'adult' part of the business is a stumbling block for any suitors. I know SJL reckons we are up the top end of targets to buy but, so far we don't seem to be on anyone's radar. I also don't think our adult stuff can melt into any other outfit and nobody will notice. Just look at the discount SJL had to concede to sell.
I wouldn't be quite so negative ursupator - yes its frustrating to see deals where we would like to be a bit more local to mmx - but ongoing consolidation shows there is continued interest in domain businesses. Neustar will be a decent sized deal for Godaddy - but Godaddy is superleague - multi $b revenues, consistent track record of acquisitions, huge cash pile, $1b+ annual free cash flow and a clear and aggressive growth strategy into e-commence. It we were of interest in any of those categories that could only be good. SB
one good consolation is that if they keep on the same path then we should be making free cash to return to shareholders in the near future. It will be interesting to what happens in Sweden and how they are going about things.
Right, to me it sounds like terrible news: one of the few strategic players that would have had deep enough pockets just picked another bride. Also eliminates Neustar as a potential bidder for a takeover. Leaves very few candidates. High risk of ending up as the embittered old spinster.
yes, I noticed the 20k for .fit. Do we give these away or are they paid for?
Aside from the hope that one day we are able to make a return on mmx after many years of investing, we are making decent progress on sales. We have sold 3.5K .London in the last month; and law (+3.5k) and fit (+80K - incl 20K today) have made progress in the last 9 months over and above decent renewals. We have the platform, it appears to be renewing and selling at decent numbers, and we have a premium adult portfolio which could add real value over the next 12-18 months. We can take some comfort from that, share price aside. SB
just get the feeling we will forever be the bridesmaid and not the bride.
Godaddy gets into registry business via acquisition :
MMX would be a super easy roll up
https://domainnamewire.com/2020/04/06/godaddy-goes-vertical-with-neustar-registry-acquisition/