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Let's remind ourselves, c/o Domainincite a while ago; The first line is why it will do well imo.
''But trademark owners are buying peace of mind that their brands won’t be registered as porn sites, and the cost of that peace of mind just increased tenfold.
AdultBlock domains don’t resolve, and are a lot cheaper than domain registrations.
Renewing a single string in all four gTLDs at 101domain prices would cost around $480 a year, so customers will pay about 27% less buying a block instead.
The cost of the first year for those four domains would be $360, just $11 more than the AdultBlock price, according to 101domain’s price list.
MMX, which acquired the gTLD portfolio from ICM last year, is offering a discount on the AdultBlock+ service for customers buying before the end of 2019.
101domain is offering 10 years of AdultBlock+ for $3,999, a saving of $3,500''.
well if the trademark owners etc don't get themselves sorted before 2021 and it lapses isn't it a free for all and they could lose their opportunity to safeguard their good names/trademarks against the 'bad' operators out there.
Is that how it works?
you say that Tap, but how come SJL pulled in $13m+ off XXX alone ? The demand is there,.. isn't it?
I suppose the only sticking point is that the original deal does not expire until 2021 I believe, so many will wait until the death so to speak.
Let's hope they can persuade plenty to take advantage of the 'early bird' deals that will end at 31st December
I think the premier product is well north of the$200/300 you mention. I also expect that most will plump for that one too so upping the average figure.
Afternoon bakky - at around $200/300 a pop (i think?) per annum for trademark holders it would certainly make a real impact if we could sell a few thousand of these before the year end. Difficult to predict what the take up will be so lets hope either mmx or Uniregistry can provide an update prior to end of year. I think the 70k previous registrations were confirmed by SJL - a small percentage of that would make a big difference to our bottom line. Keep on dreaming eh!! SB
yes SB, agree with you there as I think $10m is very gettable. Who knows, if the adultblock comes good then we could be looking at even bigger numbers.
If ICM pulled in some $13/14m (one off) dollars nearly ten years ago, how much now I wonder can be achieved, with a superior product/s too I believe.
Didn't SJ mention they got around 70/80k reg's just for XXX alone, or have I made/dreamt that bit up? lol
11 weeks to go in our financial year. I was hoping we would close the year with 2m domains under management - but even accounting for 100K+ of deletes we could be in the 2.1/2.2m bracket according to our own figures - that's a great performance from our registrars and our own sales team. It would be good to close out the London issue, provide some update on adultblock/luxe/premiums given their potential bottom line impact this year, clarify plans for shareholder returns and ensure we finish 2019 with the business primed for 2020 - I see no reason why the company should not be targeting a $10m EBIDTA in 2020, and that's going to make a lot of interested parties want to be our friend. SB
Progress on sales has been good for the last 6 weeks. We're up 7 or 8% in that time.
The buy back seems to be having an effect now that the free sales are drying up. Up 11% there too and hopefully it should begin to accelerate now.
I think I prefer your outcome Tap. Don't want to get involved with Cnic tbh. In the meantime .Vip adds another 15.5k + and .Work another handy 2.2k+
If you look at the cash raised by US PE and the state of GBP it's not a far fetched idea for someone to buy and meld both.
Tap / SB
Not sure I agree re : CNIC
If u add up the proforma performances of the business they have acquired going back a long while I see underperformance and value destruction.
That said , they have some decent properties and should be able to make a good fist of it .
I have studied and followed CNIC closely over a few years .
In truth putting CNIC and mmx together would bring massive savings and synergies with CNIC operating their own back end .
Not sure whether management egos / debt , overlap of shareholders would allow this to happen .
If an outsider looked at both businesses and put a cold towel on his head and looked at how they could integrate and save / grow , I’m sure the math would make a compelling case with probably a combined $30MM cash generating bottom line with way over $100MM in revenues .
I’m not sure who will do the math , get over their egos and out such a deal together .
Just a thought ....
May even suggest someone does exactly that when I i am over in London mid November .
Tap - that's a good trade you made in CNIC given the recent fall back. Looking at how they are developing they are possibly looking at a 3/4 year growth plan which would tie in with the bond maturity in 2023 and a potential exit. Could be an interesting investment - when i recoup my position in mmx i would consider CNIC and will start to follow with more interest. Good to chat. SB
Hi Tap - like you i have considered further purchases in mmx - but I'm way overweight as it is - so not for me currently. Fair points on CNIC - but unless investors sold during the recent spikes - the actual share price has gone nowhere in years accepting the overall valuation is higher as a result of more shares in circulation. I'm not a shareholder in CNIC so am not best placed to comment further; my point was the sector is not doing that well in general - as highlighted by the continued share price malaise in both companies. I hope both come good in time - the shorter that time the better...SB
* SLJ - SJL - apologies! SB
I think one of the main issues we have at mmx is that the business model is firstly not understood by the investment community, secondly, we are on AIM and lastly the entire investment market is all over the place in relation to brexit, global trade issues and political instability. The previous investor frenzy of 10-15 years ago for anything internet related has dissipated while the search is on for the next tech behemoth. In relation to the first two points (business model and AIM) – these are issues where we have some degree of control – and in tandem with the strong trading performance should start to occupy more time from our senior team of TH and MS to determine what can be done to improve our position – I believe this would be the case anyway – they are (rightly) well incentivised to maximise the share price in the next 2/3 years.
If we could do better in terms of finncap and belvedere then that should be reviewed; and is AIM the most relevant exchange? The answers perhaps depend on our objectives – are management looking at growing the business for the long term or preparing for an exit. In terms of creating value for all invested here – private investors, institutions, management, acquisitions – an exit is realistically the main avenue to maximising a return – unless there is a genuine attempt to introduce cash distributions which appear to be one of the options under consideration and which would create an improved investment proposition.
It’s not just mmx who are in this ‘unloved’ position. CNIC appear to be on a similar downward trajectory – losing 30% of their valuation in the last two months – a business with a clear plan to create scale through acquisitions but in doing so have raised a lot of short-term debt – which is both costly, needs to be repaid and perhaps is starting to weigh on sentiment. Some of the purchased business are performing well – which is great – but this increases future earnout considerations and pressure on cash – no sign of a dividend stream in that business at present.
Being on AIM puts businesses like mmx and CNIC in the public eye for all to see the growing pains – one of the benefits of being private is the ability to so this behind closed doors and avoid the type of criticism dished out by boards like this!
SLJ – unfortunately I am based 400 miles north of London and have a few family issues so won’t be able to take up your kind offer to meet up when you are in London – it would have been good to meet up with you and others who may have been able to make it. I hope you have a good trip and manage to touch base with your various business interests. SB
Yes, the Buy back is certainly achieving that.....!!!
Money in pocket is preferable thank you!
You want s rising market cap?
The share price may or may not rise by that amount but that doesn't translate to the 'hard cash' that a dividend would have provided. Many of us aren't looking to sell our stock at or near current price levels, hence any minor appreciation of the share price is less relevant than a tangable return whilst we see out further operational progress.
It's not rocket science!
Atb
1M over 922M sharesis 0.108p as a dividend.
Some may have taxes on that.
They started buyback, that isn't finished. Let's see if the sp has risen more than 0.108p by the end as a consequence with no tax liability.
Couldn't agree more Captain Stanley.
Let management do their job and results will come through.
They know what is needed to develop a viable company that will deliver for all stakeholders. Ignore the noise.
they have added over 210k domains. Not sure what the revenue from that lot is but it looks pretty impressive. No doubt low and freemiums dominate those figures.
You managed to get your head out from Toby's b*tt long enough to post.....then again Toby is somewhat of a contortionist!
Many here have essentially bankrolled the company from its early days, with much promise of 'dividend introductions' over the last few years and when they are in a position to delivet on such, we get silly theoretical arguments why they shouldn't......and all the while Toby gets handsomely rewarded......and without even buying any 'bargain' shares himself.
It's easy to say 'put your hand in your pocket and buy more', but for what.....a 'discussion' on the future!! It would also leave many holders over exposed to this single investment, which isn't a great idea in any context and seeing how 'jam tomorrow' seems to always be the order of the day.
Shareholders here aren't naive and don't need to hide behind obscure theiretics to valudate not delivering on any tangable return - we well know the powerful effect of sentiment and what the introduction of a Dividend would do for such sentiment here, as well as returning some hard cash - perhaps then a justification to 'buy some more'.
In the meantime, easy enough for Toby to be 'having a laugh'
Atb all
It has to start somewhere and this is not a bad start.
You do need a holiday bakery. Cheaper if you go when the kids are in school & quicker if you run. Good luck.
Keep laughing.
Do the math on benefit to long term holders buying now.
Bargain.
Put your hand in your packet or just stay bitter. Your call.