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MMX has been showing support at 5.12 and resistance at 6.03. Bullish indication in Stochastic oscillator and RSI. http://uk.stoxline.com/q_uk.php?s=mmx
The technical ability to block variances efficiently, is certainly a massive revenue boost. Roll on 15th July!
yes, ALL of the prospective purchasers for us back on 2017/2018 we in particular interested in the SUNrise B expiry in March 2021. Most fo those 80,000 o=r so names were absolutely top brands and were sld via the specific "white glove" brand protection registrars who worked with ICM so much and who's customers real rates with our names have consistent been in the 95% ++ range. The fact they have intrudcuued some kind of typos /namespnner technology via Uniregistry if this is a massive win. from what I understand facebook.xxx world get the same in .porn, .sex and .adult BUT also fcaebook.xxx, fasebbok.xxx etc etc... that kind of thing is how I believe it may work. dont know for sure as Im keeping out of the way.....I know Dunits actually change something like 2,999.00 a year across all their TLDs for the same, so there many be an "extensed" version of this which is the 4 adult tlds plus the 28 regular MMX lads, with typos , all for ,say 2,000 a year ... nothing for major brands..... again 10,000 or those at$ 2,000 each a year... big numbers....again , full disclosure, this is all informed guesswork on my part...
Thank you for that very significant piece of detail..This is far greater than even my most optimistic expectation and has the potential to transform profitability based on your figures..I believe this company is in a sweet spot with not only what we are seeing with registrations but also R&D initiatives are proving their extraordinary worth to MMX..atb
May well be off to the beach soon minus the costume...!!!!
While he who will remain nameless will be off to the town hall steps !!
For the benefit of us long term holders.
Sunday,
When we launched the 10 year block in 2011 in just ,xxx, I forget exactly but were like 80,000names or so and we got $162 each, was a one time $13MM bump if I recall. many many customer have wanted to cover those blocks to annual registrations and it looks like this system will allow such brand holders to block from what I can see not just the trademark names in ALL 4 of the adult Tlds but misspelling and typos etc...this could actually be quite big as I know the expectation within ICM was quite high for extra revenue as 2021 approached , this can be easily added into a variation across the rest fo the pro folio for MMX and these blocks aren't cheep.... I am VERY pleased that ICANN have green lighted this and soo this as a VERY positive cash and profit generator...lets say, I dunno 25,000 pick the option up and its $100 a year all in that $2.5MM extra , straight to bottom line. 50,000 would be even better. these are scary TLDS to major brands....
I'm not sure what kind of revenue this is likely to bring in but it's a good innovative drive towards maxing returns on our assets..I like it..
I wonder if Mr Hall ends his texts with
Toby,
xxx
Good to see this one being introduced early in H2 it will bring some extra revenue. :)
MMX set to launch Adult Domain Name Trademark Protection Service
London, 27 June, 2019 -- Minds + Machines Group Limited ("MMX"), the innovation-led domain registry company, is pleased to announce that the Internet Corporation of Assigned Names and Numbers (ICANN) has approved its request to introduce a new blocking service that will allow trademark holders to better protect their naming rights across the four adult-themed Top Level Domains (TLDs) MMX acquired in 2018 through its acquisition of ICM Registry (ICM). The new service is set to be formally unveiled to the corporate registrar channel on 15 July, 2019.
Based on information made public by ICANN, the blocking service will allow trademark holders to affordably block both exact match terms across all four of MMX's adult TLDs as well as the many look-alike variations that can be easily generated by bad actors using alternate IDN scripts and homoglyphs to spoof users to visit websites containing malicious code used in phishing and malware scams.
MMX's technical and marketing partner on the initiative will be Uniregistry, a recognized leader in providing name blocking technology.
Toby Hall, CEO of MMX, commented:
"We are truly delighted to have received approval from ICANN and to be working with Uniregistry on the introduction of our new service to the corporate registrar channel. The Uniregistry team have the right balance of technical expertise and corporate registrar reach to be our ideal partner. We very much look forward to unveiling the full details of our new adult blocking service, that will initially be targeted at trademark holders and participants in the original .xxx Sunrise B* launch, next month."
Added some more, not because of the announcement which we knew about and don't understand why it needed an rns for, but because of. Vip performance. 8k more today including 2.vip and 3.vip. Also the slight change in tone of Mr S. Lawley. I think management will be under more pressure to deliver the goods this time round. Good luck all
Looks like the sentiment is coming back to crypto we need to hurry with our project to capture as much as possible. There seems to be a return of the enthusiasm for cryptocurrency last seen in late 2017. It was trading at around $12,700 a coin this morning having only crossed the $10,000 line on Friday night, while some other major cryptos such as Ethereum are also putting in strong rises. Hopefully more info soon on many fronts a lot of going on in the background :)
Looks like the sentiment is coming back to crypto we need to hurry with our project to capture as much as possible. There seems to be a return of the enthusiasm for cryptocurrency last seen in late 2017. It was trading at around $12,700 a coin this morning having only crossed the $10,000 line on Friday night, while some other major cryptos such as Ethereum are also putting in strong rises. Hopefully more info soon on many fronts a lot of going on in the background :)
I just checked myname.vip on the US godaddy website and it is priced at USD6.99 for 1st year and USD19.99 thereafter.
To me that seems fairly standard pricing.
So for me, the approaching 100k godaddy sales (may or may not be in the US) haven't been "given away". Although I haven't kept a detailed record I believe a lot/majority of these have been 1H 19.
Indeed,We are adding good numbers and revenue across the portfolio.Im looking forward to seeing how the 5k premium domain sales go...starring today.
It looks to me like vip is at all time highs 937k, looks like the previous one was just under 936k
Doesn't look like much of a renewal or sales problem...
Some really good increases in the past 24hrs..VIP 14k .fit 400..almost 20k..surf is adding good numbers daily now.Very pleased to see this progress with tomorrow's 5k premium tlds sale kicking off,things are looking good.
I wonder what drop off there will be due to the increase in prices? That's quite a big leap from $ 68/70 to $100+ or whatever the new prices are now. I take it the increase is across the board with all four Tld's?
On reflection I would prefer that they hold off on any RNS announcement until the are ready to issue a trading update with real financial data which will highlight a growing turnover, increased earnings, generation of and hoarding of cash, managing total overheads below $12m and beyond, clarification on any remaining legacy issues, achieving renewals targets, premium and general sales, auction income – and most importantly – a clear timetable on shareholder distributions. Anything else is just noise and will lead to further frustration. That said, now I have said that I bet we get a light touch update tomorrow! SB
yes hopefully we will also get some news too on how the 5k premium names are doing.So maybe no Rns until next week or a little later.
Well last year on 25th we had a china update on .vip renewals and release of .shopping. Would be nice to have RNS tomorrow or this week with an detailed update and a new release as well?
I think you can read a little between the lines on the question of valuation..Break up value of 11.5 /12p( double today's price)..add in some reasonable enterprise value and you can see 16p .Quite apart from SJL,I really dont think Institutional investors that are in at 13p will accept less than 16 p...
tap. I hear you... If I were running one of the others I would be in like a robbers dog offering 7-8 p a share now based on a 5.5 AVGE...
..reasons, like buying out of onerous contracts or acquisitions then fine. If , in truth they simply dont have the cash simply because they haven't worked the business hard enough to make the underlying trading profits , then shame on them.
I have always had confidence in the management team both executive and non executive and met many of the institutional shareholders who seem supportive and reasonable.
Even in a break up situation the companies value IMHO is almost double where the SP is now and management are getting close to the end of any honeymoon period after 3 years where value needs to be tangibly delivered.
I will be in London in a week or so and will meet management and other sizable investors in MMX.
so the upshot is that nothing has changed. I am still very supportive of the management,ent and the business as a whole and am please to see we are still in a consolidation market. management just need to deliver clear tangible industry standard growth and margins and cost control and all should be fine. remember even $8MM EBITDA X 12 at todays ex rate makes 8p a share... 10MMX15 makes more interesting 12.7p.... hope that is useful to some of u
I think the H1 2019 results will be a watershed moment for the company and is the moment when out =r decision to sell the company to MMX in a mainly stock deal will be vindicated or shown to be not is wise.
When we sold to MMX we had 4 areas of concern as did the market I believe as to whether we would make a smart decision or a bad one.... Wa the deal going to end up as a win, lose or draw against the other offers we had received. We always expected it would take 18 months or so for that to become clear and I don't think anyone ever had intention to sell shares until that period had elapsed. we were concerned about a) the previous premium deals to China and their collectibility, b) ongoing sustainability of registrations in China c) some of the loss making legacy contracts such as .London d) whether management could eke reasonable ongoing profitability out of the remains basket of 28 or so TLDs.
I think H1 2019 result will give us the answers to most if not all of those questions. 1) is the China debt being collected or is more needing to be written off b) how are basic registrations performing in china? c) Has the London contract been renegotiated or paid off at a discount to its exposure d)Are you making a market level return from the basic registrations and renewals of the 28 TLD portfolio....I can 100% assure this board that the ICM portfolio especially now with some costs being stripped out as staff used for other olds also, will "carry its water" and contribute to the companies bottom line , my guess is somewhere around $3.5-4MM for the full year.... IMHO unless they screwed something up, which I haven't heard about you can take that to the bank.... The question is how much does the former MMX "side" contribute...?? We basically put the two companies together with the idea that the value split was 2/3 MMX and 1/3 ICM but it was expected that ICM would perhaps contribute as much as 50% of the annual EBITDA, and im sure thats what it will. How much will MMX bring from their 28 tlds to match that? not including any windfall profits from auction proceeds etc, which should be gravy on top, but simply steady regular profits. I have long said I think it should be circa $8MM plus any froth.....The proof of that should be in the forthcoming accounts. I do not want to see underperformance in the MMX TLD base , explained away or covered over by a few million of auction revenue. Those MMX TLDs should be making money under their own steam by now and if current management haven't been able to do that after 3 years then they need to be held responsible and I for one will want answers. Likewise , if you do the math of an underlying $8MM a year cash profit plus an auction tickle or 2 then, even when paying down the debt we had there should be distributable cash. As discussed on this board that was alluded 2 in the may 2018 announcement as being 18 months window which is soon opening..... If they have a made the cash but decide to use it for other reaso