focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You got it.
No names, no pack drill, but for their own mental well being a couple that post here might do themselves a favour if they sold out. The cost of holding an investment that engenders such negative emotion can be way more than the potential upside.
These same types are likely to sell when it reaches their average purchase price just to escape their own misery, thinking themselves lucky.
Anyone in the markets for long has been there, done that, at some time.
Look up & forward.
I believe in being critical when needed,but a few of you are presenting the company in a negative light ,at a time when it is on the verge of transformation, leaving behind a dark period and entering a post .London legacy and a sustainable profitability future.
A new investor looking in would be reading about a liar CEO,who has no intention of ever paying dividends ,is a poodle ,who panic buys assets and has a general contempt for PI’s . Not great PR from PIs ? I have from time to time disagreed with TH ,the buyback being an example ,and it’s true to say that ,like all listed cos ,he has a board but, poodle he isn’t. We may argue about investor returns ,the timing of them ,the nature of them,it’s a frustrating subject as is the SP,but let’s keep it real. Venting frustration to no good end is just a further drag on sentiment at a very productive time for MMX. Another fine day for us on ntldstas Atb
Mello will make little difference. If the price moves up from here it would anyway. After the move people look for reasons but its baked in. It will happen irrespective because the set-up is in place.
also Tap, I am not sure there was a concrete offer for the company, well not that wasn't derisory, that's why they went for ICM as they had to show something for the previous year long joke of a review. A total panic buy ICM was, imo .
Tap, as I keep saying, it's nowt or very little to do with him, he does not make the decisions.
They're drumming up some investor interest in the company on the 12th of November at the Mello event in London. Last year didn't produce any meaningful results, but this year the results might speak for themselves. Hopefully an update before that would be good. Still no sign who keeps accumulating shares .
Commenting on the results Toby Hall, CEO of MMX said:
"2017 has been about proving out the business model: firmly locking-in the operational gains of 2016 to ensure a profitable base, and developing a long-term growth strategy. The acquisition of ICM, announced today, marks a major step forward in our ambitions both to scale and introduce a progressive dividend policy over the next 18 months. It cements MMX's position as a leading registry group in the new gTLD sector as we develop into a long-term annuity based business."
Introduce a progressive dividend policy over the next 18 months.Giving him the benefit of doubt for November?
I would consider this a very strong buy on dips below 6p now but dyor. Your money, your responsibility.
Good Luck All.
I believe they had a plan, knew this is bottoming and want maximal return for shareholder value on upto £1M investment. Its clearing people willing to sell down here, underpinning the bottom and can increase from £1M spent to £1.x million in shareholder value in relatively short order.
Positive expectations are often disappointed but I think we will know for certain relatively soon and certainly within 7 months. Depending on the volume as it moves through ceiling levels the move ould be quick as momentum builds and trend confirmed.
Dyor.
Looking like a rounded bottom from April/May 2018 and there was a trend sell flagged about 8th April 2018.
Currently at a very important juncture with potential for decent appreciation on a 6-12 month time frame as it exits the formation.
On a 2 year time frame the ceiling to trend buy is about 6.96p.
On a 1 year it has already broken its ceiling. This is interesting as a first sign.
The shape looks promising and 1 year ceiling broken at close on a Friday.
Dyor, GLA, even the knobs.
No wonder you're under water here.
Good luck.
Not getting what you want is sometimes just what you need. Twist the Rolling Stones.
You don't get it. Until this is stable any dividend is very risky.
The buyback is an interim price guarantee until it stands on a fundamentally sound foundation that spins off reliable free cash flow to offer a progressive dividend.
Get it?
This is becoming inevitable. It takes time and a lot of house cleaning to prove it to investors that will make a difference and not just pi speculators without much of a clue. No names, no pack drill.
They were underpinning and stabilising the business. No dividend until that was/is fully in place.
There was a need to underpin the sp, the buyback has helped there as people can buy knowing there is another buyer of last resort around this price waiting for the turn to occur.
I would expect this to be closer to 4p without it and £300k us chicken feed to achieve that.
I gather Tap doesn't get risk mitigation?
YHAL - without the buyback the share price would be pretty much where it is now and we would have an extra £300k in the bank. You can't seriously think it has made any difference. SB
Clearing .London is critical and, for buyback naysayers, what do you think this would be sitting at if the sp wasn't underpinned.
Given that TH has stated the predictability of renewables and that Adultblock has six weeks of sales,we should have a clear picture on financials now.Completion of .London is a very big deal indeed.It will save $3m over the contract and also importantly ,provide a clear picture of performance without the .London drag.Understanding AIM valuations is beyond most people,me included ,but clearly MMX is very under valued.
Possibly not bakky. It needs to be coupled with a general sales update and progress on the shareholder conversations re buyback (preferably to cancel it) , dividends, tender offer - and realistically those cannot conclude until we know our cash position towards year end as you noted previously - although we should have a pretty good indication by now - surely?! SB
s/p will not move at all on conclusion of .London being sorted imo. Probably drop back as usual..It's not news really is it?
Looks like someone was busy last night - look like purchases based on prices - lets see if these trades encourage a bit of price appreciation - goodness knows we could do with it. Possible conclusion of legacy issue leaking out? SB
could well be lawyers/legals dragging their feet trying to justify their rip off costs.
Tap, fair enough. As you know I used to be similar so know exactly where you're coming from. Hoping that Adultblock, the 5k premium names and .Law in China will pep up the kitty by year end.We will see!
Yes, minions dont matter.
well, we know London will be done, not so sure about the divi. Wouldn't bother with the removal bit Tap, it's the big s/h that put yes man Hall in the ceo spot to begin with, so he's not bothered what us small minions think, say or do..
Hopefully good news around xmas as they will have good vis on what money they have to play with. Maybe even Adultblock might surprise too, to the upside that is..and hopefully that it doesn't follow in .Luxe footsteps and ends up as a freemium,...lol
hey YHAL, are you as popular wherever you show up? But yes, it is the right time to buy, pity no other fecker thinks so, other than Mr Turcan.
I see management will be presenting at the Mello gathering on the 12/13th Nov. Anyone going?