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Monies returned should be done as tax efficiently as possible and that's not always dividends. A tender offer for stock could reduce float, return cash and allow the disatisfied to bail with some cash.
Shareholder yield matters but it can come in more than one form.
I cant see any dividend here being a showstopper as a starting value, more like noise and very low.
I doubt any such involvement with Dorsey would require much by way of money. One assumes MMX have something that is mutually beneficial to both companies so to simply be associated with Square should provide significant uplift enough. Would still advocate a small dividend being paid as this will certainly show a willingness of the Board to return shareholder value. Either that or the Board show willing and take a significant pay cut. If the future is rosy then I’m sure they’ll be handsomely rewarded through their options. More than happy for them to receive bonus payments payable on performance. The remuneration committee must surely see sense in this approach!!!
With the greatest respect YHAL, I think most posting here get it quite clearly - the maybe's, potential hookups, possibilities.....
All very lovely & grand in the wider scheme of things!
However, rather than the multitude of 'possible' scenarios, we want a 'concrete' ROI through the initiation of a Dividend.... something that was mentioned (but somehow lost) by the Conpany themselves.
The Company seems to think they're doing so well that they can remunerate the Management team handsomely.....with 'real money' and not 'possibilities'......hence the same courtesy should be extended to ordinary Shareholders also.
I hope the Management aren't blinkered to what we need here!
Most here don't get it at all.
Listened to Dorsey and whatever you might say about him he knows how to be one step ahead of the market and does monetise that ability. He's been banging the drum on bringing crypto into the normal transaction sphere for quite a while and will get there. Involvement with that would add rocket fuel more than any 0.2p dividend.
Maybe MMX should engage with Dorsey and see what transpires. This sort of activity is far more SP accretive than looking at further acquisitions or getting modest uplifts on domains regs.
On fire. Any tie-up with Square.
Dorsey wants to use cryptos as standard payment method.
.luxe is sweet for part of that eco-system.
If there is someone I could see being interested in Mmx outside of the most obvious players, it's a Dorsey creation like Square. They could afford it.
I wonder how we might collectively 'urge the management', or at least make our concerns known in a strong enough way?
Toby used to be quite receptive to shareholders when he was running the PR side of things and I feel he had a genuine interest in our concerns at the time. I haven't communicated with him for a good while, having disassociated myself with active market participation for a few years.
Although he's the CEO now and generously remunerated for being so (along with other Board members), I hope he's still astute enough not to totally distegard our real concerns on the topic under discussion.
The management did cover their statement on dividend intention with an 18mth clause (May 2018).
''.I would urge our management to address the issue by confirming their intentions'' That's the whole point. At this moment in time there is NO intention of a divi is there, otherwise they would tell us wouldn't they?
Ditto Sunday......I hope Toby and the Management take that on board.
Atb
I agree Bonum.Although there has been a stated aim to introduce a dividend in 2019,the lack of any confirmation in the April financial statement has been a drag on sentiment and the SP,. this despite the regular positive updates on the business.I would urge our management to address the issue by confirming their intentions ,that alone would lift investor sentiment.
Sentiment plays a significant role with Aim listed stocks, in establishing the mkt cap of a company. Unfortunately, such sentiment has been at a wide disconnect for the company, with regards to the actual progress made at the operational level.
Good news just doesn't impact the price and hasn't for a long time - indeed, it often does just the opposite.
We need a Dividend to give back something to Shareholders and send a message out to the wider investment community.
Let's hear something in that respect from the Management, having been promised it for so long...!!
Turcan has been buying.
Attitude towards this company depends on when a holder bought, at what price.
Right now, at this price, management are actioning well.
Net asset value will determine the market cap and that's what they need to work on.
I'm wondering if the sp is indicating what any dividend is likely to start at - low.
I think once they give us something concrete on Dividends, the share price will take care of itself - let's see if the Management actually step up to address shareholder needs, rather than just pay 'lip service' to them, whilst seeing their own remuneration handsomely increased.
The coming months will tell...!
To avoid being bypassed.
To have skin in the game.
To have involvement at the "hub" that is helping tie these offerings together with one node.
Collaboration might be just as good but that's not the same as control.
I'm no expert on the I.P. or specialist in the technical workings of how luxe works and or what defensible moat MMX has built... But...
If you buy a "cooking" or "law" or "ninja" domain name do you buy it because of its association with those topics or for crypto exchange? Even if a .com could be associated with crypto exchange would microsoft.com barclays.com etc want that name associated with crypto transfer, even if it 100% never failed etc etc? The answer to me is clear they, the buyer would not.
Even if verisign wanted .com to be operational with crypto exchange and I wanted myname.com and it worked... happy for me... But say Barclays didn't use barclays.com they used barclays.co.uk or one of their other I'm guessing 20-50 TLDs... How would that be good for them, customers sending crypto to incorrect web addresses constantly? How would it be good for them if they didn't accept crypto at all and had no ability to collect it? What about for say the local plumber, builder? The answer is clear it'd be a shambles and .com's value would likely decline at the margin because of said shambles.
In the case of the seller, xyz had conversations with Ethereum either roughly at the same time or before MMX.... Where has their crypto exchange functionality gone? Xyz from memory, was not willing to sell "words" for this purpose only I think 7 character numbers... Which again points to the same reasonings above. The sellers are trying to sell website and related services they are not selling crypto exchange and why would they blur that message and confuse and possibly create a shambles with their customer base.
A gTLD specific for this purpose is better for this purpose... I doubt there is any IP. I would guess it takes longer to do than expected, given our timeline, but yes the next would be quicker, but again why would they? That's my 2 cents
Have to agree with Taproot there......all good progress by the Management, who are rewarding themselves handsomely for doing so!!
Let's see if they're gaze extends beyond their own wellbeing and towards the lowly LTHs, who have supported the Company from the very early days.......
Time will tell but I personally want to see something for us (too), before the years out!
Easier to buy it and the customer base than develop. In time the market will be massive but right now it's not impossible, if they move fast and network properly, to dominate it.
Dominating a niche market that can/will expand whilst establishing hard to dislocate relationships = $$$.
.luxe could become an entity that is easy to peel off to sell.
I think todays news was excellent and expect more to come before end cal 2019.
we'll obviously have first mover advantage, but that's about it I would assume.
A question for the more It knowledgeable. Is there any I.P. in what they are doing with. Luxe? Or can any company be doing the same with their domains? I know we have the first mover advantage, but a big company like Verisign could very easy eat our meal.
Well done Mr T.H and team! All we need to see now is some financial reward to the shareholders in the form of dividend. Not less than 2% yield at this prices though
TH and the team are doing a good job making excellent progress on innovation development (two fronts - protection bit on icm portfolio and on .luxe) and financially. Give them some more time and they will deliver. Every RNS so far has been positive so as long as there is no acquisition that will make us a lot of money like ICM there will be dividends / buyback later on this year guess the H1 results will support it. No wonder they top up at this level. I will top up too.
If this plays out as I hope/expect then MMX will leave CNIC in the dust. Still hope for tender offer or similar and/or consolidation so it can be taken more seriously by some other deep pocketed types.
Absolutely Sunday, let's also hope moaning minnies wake-up and cut out the negativity.
Management are doing a decent job in the trenches.
EXCELLENT NEWS.
Only just starting.
An excellent .luxe RNS update..with first $100k sale and the expansion of .luxe into Blockchain.This is what I have been waiting to hear on .luxe.Transformational news for the tld but also,in time , for MMX.Well done Toby and the team..