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probably sellers with y/e tax consideration to think about. I thought the selling would be much more tbh, still time yet I suppose.
It's funny to decide to sell a decent chunk in the few days with least liquidity .unless purposely try to slam the share price down
End of Jan can't come soon enough
the freemiums are kicking in no doubt?
Interesting characteristics towards end of Nov 2019.
Spurt of registrations for .luxe.
https://ntldstats.com/tld/luxe
not too sure exactly what might come of the 500k 'reserved registrations' .
yes Sunday, I agree there is still good money to be made from Luxe.It might even help with the extra publicity that will cover this going forward.
oh! and of course .xxx at near 98% retention
good retention on Vip of 72% , not so good on .work though at 29%.. Not sure how accurate these figures are mind!
http://www.circleid.com/posts/20191210_ghosts_of_deletions_future_december_2018_versus_december_2019/
vip performance amongst other gtlds
Although I agree that the almost exclusive and first move advantage is reduced ,I don’t see it as gone.We are building a momentum ,all be it on freebie,but with an established wallet name . If we can build up 30/40k ,with a high renewal rate ,that would represent a success with decent bottom line revenue.As for the crypto market,it looks very healthy to me with good new investor growth this year,all needing a wallet.Luxe, not a VIP blockbuster but certainly a good contributor.ATB
if it's material ie; 10% +/- and they know it in the first week of Jan, then AIM rules say they must report inside 3/4 days I believe. They can't wait until it suits at the end of the month for instance. That is roughly how I understand it anyway.
Not sure about that. Today's short mention might have just put it to bed until late Jan. Only reason to release info sooner is if they suddenly stop trading well. Continuing to trade well could be enough of a statement.
if they are beaten then we will know in the first week of Jan I reckon. They will know in the first week and will be duty bound to inform and not leave it until the end of the month.
It has cleared the decks and makes MMX more attractive to any potential acquirer. Baggage dropped, only the future to look forward to.
What's not to like. Lots of muscle, less fat, baggage dropped, benefit visible quickly.
RNS wasn't a trading update so for them to wax lyrical about trading is an unrealistic expectation. I expect the announcement at the end of January to be very upbeat with a solid forward look and not partially wasted in today's announcement.
I think it's saving on the onerous contract provision.they allowed for that in h1 2018 when we had the massive loss
So I gather we'll see a non cash profit of $2.8m on top of our expected profit? Is that on the balance sheet but not in the cashflow statement?
I'm quite happy with the rns. Very clear, the bit about. London we knew and they've closed it just as they said they would. That alone will give profit a boost. I also like the full results end of March. You often find that good results are published quickly and bad results late. Trading well says to me that icm's renewals were OK, nothing to worry to much there. Also probably adultblock not getting to much traction, but a good earner nonetheless. I'm expecting a bigger contribution end on 2021,hence selling the company earlier than that doesn't make sense to me.
I've topped up again, it looks like there's always a seller in the background but happy with progress at the moment. So good luck to all, Happy holidays and a better New year to all! We know we deserve it :)
for me the fact they have paid it all off shows strength not weakness. This now is much more attractive to any potential purchaser, and who knows it might have been a requisition from an interested party anyway. The company is looking strong and we will get news on divi/tender offer on or before end of January.
There's a trading update due in January,Adultblock still on offer,etc.Why would they bring forward the update without a complete picture of Q4.The mere fact that we have paid of London says a lot.The value of that alone is substantial.
The company needed to be trading well in order that the payment be made.RNS confirms good trading q4.A turning point for MMX imho.
Let’s hope for once that this ‘good’ news is treated as such and the reduction in our cash balance isn’t treated as weakening the company. Accompanied by the trading well comment it would be nice to see a positive price reaction to the end of this saga. SB
Good to get that out of the way.Not only was it a drag on the balance sheet but also on investor sentiment.Saving worth $3.3m in total ,so increased profitability,excellent work.