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Hony itself is PE business / who may have had to take a slightly longer time horizon than they originally planned - and for them mmx is a very small investment - but nonetheless one in which I believe they would see the ability to make a return hence they remain invested or they would have sold - I have often taken comfort that they remain supportive of the team. SB
yes SB,agreed. The likes of Hony acquired their pot at 13p, so will want a bit more than that no doubt, unless they are peed off enough just to get to b/e?
The clear difference to me is we now don’t need to sell - no debt, profitable, cash generating, growing etc / so any offer would have to reflect what would be a strong bargaining position - and the majority of our larger investors would be looking for a decent return. As I say, lots to look forward to. SB
yes and PE outfits are not renowned for overpaying or even paying going rate for businesses at times. I can't see anyone offering 11/12p at this stage, which would be a minimum imv.
There does appear to be a pattern with PE buyouts - proven, profitable businesses with scale and capacity capable of organic growth and likely part of a consolidation play to create the type of returns required by PE capital. Interesting times ahead for mmx. SB
don't want an approach just yet.Let's have a period of dividends first for me. Anyway, any offer now would be well too low for my liking.
https://domainnamewire.com/2019/11/13/breaking-private-equity-company-acquires-org-registry/
cheers ramp, another piece of sentiment changing news..looking good now,especially hearing that adultblock is going very well.
according to Glasshalfull on twitter ''I thought TH excellent, highlighting inflexion point reached with earnings & cash gen flowing through via organic growth + great opportunity from innovation
Adultblock going v well & dividend policy review YR end''
not just well but very well.fingers crossed indeed
well Dandee, glad to say you were indeed wrong, as it's held today. Could be tomorrow though? lol
he surely is - a double stint!! I'm going to ask if his presentation can be uploaded onto the mmx web site. Lets hope this is the start of a positive couple of months and we can not only hold onto our gains but get back to where we should be - which is a £100m+ market cap business preferably trading on a FSTE non aim index (small cap?) as a progressive dividend paying business or we are the lucky target of a private equity fund with deep pockets....one day! SB
let's hope Toby's talk goes down well later today,as I think SB mentioned he was presenting again at 5.30pm.
Actually I think was more of a punctuation mark issue .
Was trying to say we ( shareholders want ) blah blah blah better trading as toby says , ( comma) isn’t it ??( question mark zz
And I only use a chauffeur whilst being driven in one of my 3 Rolls Royces :-) the bentley is more of a driver’s care for sure . Joking aside part of Eason for the Bentley buy was the wife wrote off the aston martin and got ticketed in the process for texting and driving which is now illegal over here and should be too . Now , where is Parker with the bacon butties for breakfast .... :-) atb
Cant see anyone with a crypto application not renewing .I purchased a two year deal .
a year in now.Wonder how many deletes there will be.Stands at only 20 atm, but early days.
SJL - you need a chauffeur. Texting and driving (a Bentley) isn't working!
You know you wrote isn't rather is...
Bakky ,
Yes even for me that would be a decent nite out .
I guess in truth that is Henry and other insties buying the shares I sold and that was part of the equation too , to make a little room for new institutions to get a foothold at a decent price and then buy on way up . The rerating will happen for sure u der the normal steam and if my any chance adult block is off to a flier ( I have no clue and wouldn’t even dare ask !) then they will have an unexpected cash windfall in 2019 they can spread a little happiness with . I am locked down now to see how the end of year plays out . If we find out that general trading good , which I what we all suspect isn’t it fron Tobys statements , London settled and off our back and adultblock or any other initiatives have drawn fruit then everyone will be in fine shape ... wishing everyone the best of fortunes !
ever the optimist eh Dandee? lol
can't see any news about a divi being before the end of December. They will know precisely what cash they have to play with then. A bit early yet I expect.
Finally.......now let's have word on a Dividend!
Lol
pity SJL couldn't wait a couple of days, could have bagged another £50/60k+ … That would be a decent night out eh?
I think it will be both a divi and tender offer as has already been mentioned.. I can live with that too. Yes, the tide is turning.. or maybe already has?
Agree Bakky, back in, adding incrementally, I think the tide has turned. Hopefully a dividend status announced soon.