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I have always liked the MMX business better than CNIC and have always seen more upside potential in MMX than CNIC. I had discussions previously about selling ICM to CNIC. That said, there would be a lot of savings to be had by CNIC and MMX merging their business. Around $6MM in overhead costs to be saved immediately.
Comments about nTLD market generally in 2019.
"steady" would be the word.
no huge growth but no "fluffy " growth that had been seen in some areas of the market places.
Market is MORE ripe for Consolidation more than ever (should be good for MMX is it has some good Raw meat).
Potentially aquirors with the means and stated intent: VERISIGN: AFILIAS:NEUSTAR: DONUTS : RADIX: CNIC
Targets " RADIX:CNIC:NEUSTAR: UNIREGISTRY : MMX
MMX the cheapest one by far and best VFM by far also.
Its only a matter of time IMHO. They only waiting for the price to get lower to swoop or for certain legacy concerns such as China: .London to get resolved.
more:
Hey All,
Good to be back...
I have been very distracted for the last several months.
All the ICM Vendors are now out of any and all kind of lock ins, including myself and many have seen so since October last year. To my knowledge no ICM vendor has sold any shares or even expressed and interest in doing south the exception of one former manager who expressed a need for some cashflow and may sell less than a million shares.
I have kept out of managements hair as I said I would and have let them run the business as I said I would... with H1 2019 coming to an end this is what I consider the critical results reporting even tho h1 is historically the quite half....more
Clearly they are. Even at a website level it is more 'inviting' and feels more real. I also do have to wonder if the fact its a London address rather than the British Virgin Islands invokes a little bit more of a feeling of security & realness. I can admit that I read that and it just makes me think of where people hide money or run off to when avoiding taxes....
Tap, Nice of you to have missed me.
I am here alive and well.
Was very wrapped uo in new venture but we got a little screwed by HMGovt last week
https://www.theguardian.com/technology/2019/jun/20/uks-porn-age-verification-system-to-be-delayed-indefinitely
so have a bit more time on my hands to hang out and chat with you guys now :
Stuart Lawley..
Cnic issued a trading update. Due to strong trading in the first 4 months of 2019 they expect ahead of market expectations for full year. Also issues 50mil bond at euro libor +7%. Net debt at 7mil,
Share price at this year's all time high... Give me strength
As someone who uses a luxe crypto wallet ,I can say that it's so much more convenient than an alpha numeric code running into 40 digits.It started out as an Ether only wallet and now has become a general wallet.The ease of use is the key here..Its still early days but is a transformational change for those who use it..the message will gradually get out there..its only going one way..In the meantime Wednesdsy is the start of 5000 premium domain sales...Its looking like a bumper H1 leading into the same for H2.
Personally I think the issue with luxe is the name itself. its not catchy and has no relationship to crypto so people find it difficult to relate. imo of course
What we see of .luxe is the very basics. Demand should increase with accepfance of cryptos. Absolutely.
However, there's no clear way to see how it will develop given the opportunity to write apps on Ethereum. The mind boggles. It would be amiss for management not to be consulting with geeks in the space to find what they would like to see to make life easier.
It's promising that MMX had the snouse to launch .luxe etc.
From a personal perspective details on libra the Facebook currency/coin are pretty poor. Summarising they are trying to create a traceable government friendly stable coin pegged to a basket of currencies... In any case, Libra will no doubt inch by inch bring crypto use ever closer to everyday use reality. One could make a case, in today's world where no one would want their local ccy in 10 years... But I digress.. Fact is more crypto use broadly begets more crypto use across all coins. Not that I have any idea how libra plans to have security on their coin. I do know one thing for sure though it ain't going to be through your Facebook account... From what my wife tells me hers gets hacked quite often. If it is one of these 42 (whatever the number is) security strings... I doubt everyone is going to want that... So Facebook will come up with something else. However, my point here is the launch of that coin will create demand for other coins and the benefits they offer. The use of these security strings will go up... And the benefits of luxe will be more apparent to more customers... Anyways more jam tomorrow... Bitcoin starting to create some buzz again... 10,700... Buzz enough for me to write this.
bakky, "trouble is, even when we get decent rns's the sp does nowt! In fact I think on occasion it's actually gone backwards."
Taproot, "Just that bloody SP is bringing investors down........"
Smell the coffee, at least do a reverse split to reduce the float, consolidate, if not buyback.
SP at 5p-6p won't turn up an some useful radars as it LOOKS LIKE A JOKE..
Drive the ASP higher by reducing the float, it's not rocket science.
Metrics can improve and it will get noticed.
.review in which mmx has a third interest performed badly reducing by half since end of march. That's about 20k less domain to mmx alone. Our mmx domains performed roughly similar if not better than Q1. So 60k ish minus 20k (review) is about 40k ish net gain. We also need to keep an eye on the deletes (about 90k at the moment).
Numbers growth is obviously important, but I'll be looking forward more to the revenue achieved per each domain. As more freebies renew they pay out more. So we might end up with not a huge progress number wise but a decent revenue increase. (also icm portofolio increased fees).
Also today 250 x 3 letters vip registered
trouble is, even when we get decent rns's the sp does nowt! In fact I think on occasion it's actually gone backwards.
The Start of Something Big: ICANN Announces Planning for Round Two of New gTLDs. I know probably few years ahead but still good to see future potencial. http://www.circleid.com/posts/20190620_icann_announces_planning_for_round_two_of_new_gtlds
Despite where the share price is - I still support the path mmx pursued in relation to the ICM purchase. It is clear without action to drive earnings the company would have been in dire straits on all fronts. I also do not believe we are where we are solely as a result of market views on adult domains - there may be others who disagree and everyone is fully entitled to their opinion / but for me the over reliance on premium sales, historic overheads, crap deals, management changes, Chinese bubble, coupled with general market malaise are more relevant to where we are. We are moving on - donuts have made it clear that their strategy is delivering - and we may be 10% of their size in TLDs but not in market share and likely revenue and earnings - and that will not be going unnoticed. SB
doesn't matter what I think it's what the market thinks! According to the sp it reckons that MMX ain't up to much. People like Simon Thompson certainly were not happy with the ICM acquisition, and he wasn't the only one, which subsequently lead to the sp tanking.
Anyway, no probs, we will have to agree to disagree!
I disagree on both counts..The four combined are roughly the same ..TH mentioned some innovation coming in that space..Also,if SJL agreed with you he could have sold for a higher price elsewhere.If you read back his posts ,he says what I have just repeated and gave an example of his method of thinking,re a cable channel...I still think you are essentially reviewing the SP and not the business..
sorry Sunday, but the porno stuff sticks out like a beacon.It is not something you can hide under the carpet, someone will always pick up on it.The adult stuff at ICM has been in decline for a few years, that's one big reason for SJL selling imo.
I totally agree Silv,SJL didnt do a deal with MMX for no reason..he knows full well that 4 adult tlds will be lost in a mass portfolio of 100+.
depends on their moral compass I guess..
The purchase price for ICM represented a multiple of 12 based on last available earnings - maybe not the highest multiple but SJL saw value in the initial deal and the medium term benefit of being a major shareholder in a diversified domain portfolio business. If we can deliver the type of earnings we believe are achievable coupled with all the strong business development initiatives underway I would be very surprised if we were not part of any attempt to create a major scale gtld business as abry appear to be creating. SB
I think owning ICM has put a dampener on any future sale.Even if there is interest, any purchase price will be discounted heavily, as SJL found out.
A very interesting read,confirming consolidation in the market by one of the big players.I wonder if we are on their radar.??
Interesting article from donuts - linked in from Domainnamewire if link doesn’t work. Consolidations big and small - focus on registries!! Good weekend all. SB https://donuts.news/a-word-from-donuts-ceo-akram-atallah
Of course,but that is the VIP model..high deletes comes with high numbers..I prefer to focus on the high levels of retention in VIP,which powers growth in following years...work will follow a similar path but has been very impressive in its renewal rates.Poor SP sentiment tends to cloud good operational performance,which is why I would like to see it addressed...
let's not forget the upcoming deletes for Vip, now at 41k and will get worse in the near future cos of the drop off rgds renewals.