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They should up the ante. Not enough.
You should be buying too or sell if not happy.
Stale bulls are excess baggage.
https://www.dividendmonk.com/shareholder-yield/
ha ha! reduce float, wow! that will really catch the imagination eh? 925m float reduced to 909m , a grand 1.5% ,...oooh!,.. I need to pat my goosebumps down. lol.
People want hard cash it seems,...and right now, feck the longer term 'improved' metrics. I can't book my holiday on potential future metrics, I can with hard cash, and might even re-invest the change with more shares here..
who is excited about the fact that even if they spend the whole £1m on shares at around the current price then we will ONLY have about 909m shares left in the company.That is about 1.5% less than it was..Is it really going to make anyone sit up and think wow! must get some of them?
Will a tender offer make any investors interested?
Or, will it make any investors sit up and notice if they announce a progressive dividend policy?
Hmmmm! I wonder which?
I don't think the markets take much notice when a ceo lectures his company's sp is low and that is the reason for the buyback, then refuses to buy any of his own shares in that very company. Very hollow words Mr Hall I'm afraid!
Good sign but nil effect on the SP if the deals are being done behind closed doors. Not going to pretend I understand how MMs work but i thought they held very few shares ready for buyers to snap up so presumably they must have a background deal going on. Hence no SP movement. Still I suspect those in the know are getting on board ready for divi announcement etc and expected rise on recent good signs. Hopefully it will benefit us smaller holders in the end.
Crazy that a stock that has had so little volume in the past year can have this kind of volume now and no SP movement. Plenty of micky mouse aims that would have been up 30% based on these buys.. bizarre. Lets hope this is the beginning of a more stable stock ready for good moves in the right direction.
L+C have picked up another 4.25m shares - with the latest purchase yesterday (1m/2m) triggering the 14% breach and hence RNS notification. Has to be a good sign! SB
I’m not so sure they were sells - the 500k and 1m trades were done at pretty much the same price that finncapp have been purchasing. We know there is interest in the stock at this price as confirmed by SJL.
Our main Japanese registrar partner is still selling loads of .work – presumably at low first year – and perhaps the momentum is there over time for another 1m domain in addition to .vip. It’s also notable the recent sales in .fit have been very strong – another 3k today.
H2 trading and corporate tidy up have the potential to act as the catalyst to rerate the shares; but only when a clear path to shareholder distributions has been identified – and not the current confused picture with buyback, tender, dividend etc.
We are not the only unloved domain stock – CNIC are nearly back to year lows despite the recent flurry on the back of positive news. SB
yes, on the face of it there does seem to be someone offloading millions.
well he certainly wont spend his own money on investing in the company so your probably right. Again some big numbers being bought and sold and the price is going nowhere so I guess someone is selling to a chosen buyer at an agreed price. If the MMS are selling to buyers where are they getting the shares from. Doesn't make sense.
sp won't go anywhere if the trades are all close to the bid. Thinking about the potential progressive divi, I can't see TH being in favour as it will only put more pressure on him to produce ever more 'progressive' profits. Just my opinion of course.
Sunday ,
With you all the way on those sentiments : optics worse than the actualite....
I think that perhaps thrusting your trusty sword up Toby's b*tt may indeed my a misplaced action, only insofar as I believe collateral damage may be inflicted upon YHAL, whose suspected of residing there ;)
Frivolity aside and on a more pertinent note, ditto to that Sunday and much more succinctly stated than my post - it's the same sort of thing (albeit on a much bigger scale), of the Management handing out Harley Davidsons and other such gifts to select staff at the ceremony in Santa Monica.......all whilst we were getting slaughtered on the share price here.
Bad form and certainly seen by many to be lining their own pockets, whilst keeping us in the cold - easy to promise jam tomorrow, when your own gluttony is being well satiated.
Atb & have a filling day
I agree SL.I do however believe that this is more an issue of timing, rather than the remuneration and options.Its a little unfortunate that the executive director benefits came ahead of a dividend announcement,had they come at the same time I think it would be readily accepted.Kind of putting the horse before the cart for many here.Ive been sanguine about awards because I see the operational performance as good.I do however,want to see those dividends soon..
Re : remuneration and investor esp PI sentiment .
From what I understand exec management ask for the salaries / bonus / share options they want and the remuneration comittee, which is made up of non execs , consider and approve .
Whilst not “ defending “ any particular arrangement , from what I can see the CEO as just under $400k USD is about right for size of company esp given the hours needed with mainland europe time vs west coast USA and far East time spreads . I can only imagine there are calls set at some very early / late hours . I was paid a flat $360k a year before and had my management team in and around the $250k a year mark . Against industry standard and what icann pay their staff it isn’t out of the way in quantum .
In truth I don’t think I or we shouldn’t want a CEO who would command less .
I did think and have stated that I thought the share options were too heavily slanted towards TH and MS and would have preferred a wider and deeper spread amongst the next half a dozen managers to promote retention and long term motivation .
One thing that I did learn over my 35 years in active sales related businesses is that sometimes letting managers “ ask “ for big numbers , especially when tied as is the case now with CASH generating targets and SP targets , hands a big rod to the grantors ( non execs and shareholders ) to potential “ beat “ the grantees with . “ you asked for this , we gave it to you and now why haven’t you delivered “ . Sometimes the saying “ be careful what u ask for , you might get it “ comes in to play . Sure TH and MS get a decent $1MM++ payday if the company gets sold , good for them , but I would also suspect if they fail to hit the stiffer targets then they increase their chances of getting fired at which point they go away empty handed . “ we gave you what you asked for based on targets you agreed to but then your failed to deliver “ . I personally hope they do deliver and neither TH nor MS are young guns so I am pretty confident that they now see this as their big chances to make a decent payday on exit , very much aligned then to our own interests . Increased rewards for management in my book just brings increased pressure on them to deliver and so be it . No excuses for any kind of underperformance . I’m sure collectively we will be holding their feet to the flames over the coming periods on this
Some fairly chunky trades on Friday. Cant make out which were sells\buys but assuming most were buys where are the shares coming from...?
Yes, amidst the reconcilliatory sentiments rightly expressed and appreciated by all, let's not forget that the Management are indeed rewarding themselves handsomely whilst insisting ordinary shareholders subsist on porridge - in fact even less than that.
They're cynical of us and in many ways always have been and going back to the days of FK & AVC - I thought TH would be different but filling his pockets at our expense, just like his predecessors.
SJL, as a champion for the ordinary shareholder - thrust your trusty Sword right up Toby's b*tt at the next available opportunity ;)
Atb & have a peaceful Monday
Outstanding options, as a result of the Awards, now stand at 59,612,500, representing in aggregate 6.1 per cent. of the Company's issued shares on a fully diluted basis.
So when we do our calculations it is prudent to add that 6.1% dilution.
That's a nice exchange between you both.SJL/Taps and heartening to see in this day and age of extreme behaviour .We really all want the same thing and are travelling on the same journey. I hope that we are about to see something of an improving valuation ,based on the fundamentals ,we sure as hell deserve it..respect to you both.
Hey Tap,
No worries at all : I’m a big enough and ugly enough target to have a pop at . Twenty years ago my nickname in business used to be “ the rhino “, as result of having very thick skin and charging ( as in high prices ) a lot .
I am also not too arrogant to apologize as I did for being badly researched and not fact checking before I ( wrongly ) called Toby out .
The fact that you have had the b*lls to write such words on this Board I think Is a) very rare and b) very commendable and diffuses any possible future caution and second guessing before I post . It wasn’t needed as I truly “ get over myself “ very quickly whenever angry or feeling slighted , but again , at least in my book , whether an apology was merited or not , you have jumped in my esteem FWIW . I have enjoyed posting on this board and as stated have always felt I can do more OFF the BOD than on it . I will try to ensure that any future postings of mine are fully researched and fact checked before I come out swinging again :-) gracious thanks for a gutsy move in a public forum that always leaves one open to ridicule . I can see decent volumes on a slightly increased price so hopefully my clarification that i am not a seller will aid in some kind of sustained climb as the year rolls out . Under standard MO , Domain registries churn off tons of cash and once the $5.1 is paid , I for one am fairly convinced that the company is in much plainer sailing : enjoy your weekend . I am in London 11-15 if anyone would like a meet up in person , would be nice to have an hour over a beer in person to chew the fat . I will hope to meet with management during that visit too . Atb and thanks again .
Well done Taps, humble gesture. We all get over effusive at times. atb.
No problem bonum - last thing we need is another tapgate incident - only joking Tap!!! SB
Apologies Silverblade, the comments regarding 'pumping up metrics' etc weren't targeted at yourself, but were refering to certain previous posts on the subject.
Atb & have a good weekend
bonum - totally agree - I hope you don’t think I was suggesting a dividend wasn’t the option I and many others including yourself wanted - but as it stands that ain’t happening and there should be some measure as to whether the buyback achieves anything and for me if it helps an increase in the capital value then thats surely something. Cheers. SB
Many of us have large holdings here with a dividend of 0.2p, still returning a significant amount, as opposed to messing around with the impotent buyback. Initiation of a dividend itself would have put money on the share price and within the highly sentiment driven Aim market - a clear message would have been sent out and beyond any theoretical discussions on pumping up the metrics for some indistinct return in the future.
Many of us understand Aim and the markets well enough not be sidelined by such talk.
Atb & have a lovely weekend