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well all of the 220k .vip deletes are a financial loss because they are all paid for apparently,..no freebies with .vip.Not sure of the average cost for .vip but it could be a fair few bob gone. I expect many of the 60k .work will be freebies though.
It's possible that a chunk of that are the Chinese domains which were never paid for in the first place. Not that we'll get clarity of that information. We'll have to wait until September to get our "quarterly" update.
Upcoming Deletes:..... 302,034 (12.10%)
Very soon the reg's will show approx. 2,327,966 when deletes subtracted, if MMX numbers are correct. either way we have 12%+ to delete it seems. I just don't know why you keep neglecting what's in front of you!
Bakky....i have taken the registrations off the mmx.co site at 2.630,447 and added a few that Sunday's mates will be selling up the end of June to get a best case scenario, n'est pas.
Huckster, why do you say 2,650,000 reg's when it clearly isn't, or won't be soon?
Looking at a likely forecast for registrations in H1 2020 with an allowance for the 23 staff doing their level best to 'sell a few' before the end of June, top whack of regs might be 2,650,000 ......that equates to around an 8% increase in registrations in H1 2020 So this is the quieter half of the year with 'healthy trading' and the Elliot Noss effect ? We cant really know the revenue, EBITDA or cash generated, it is unlikely to be earth shattering perhaps reported as 'steady as we go'. So that is very unlikely to have any impact on the sp. An announcement on an inaugural dividend is really the only avenue that might attract market and investor attention but that is not until September 2020 if not further delayed, so nothing is really going to change just yet, steady as we go ........Bakky this is your starter for 10 to mention deletes! Huckster
huckster - I think we are all pretty much focused on H1 2020 - I just thought it would be useful to see what we have to compare against. I do agree that there seems to be a lack of visible growth in registrations - lets hope the growth being referred to by Elliot Noss was not specific to .com. org, net, country codes etc and that gtld's were part of growth. I think we have seen some evidence of this in casa, london, fit, fashion, law amongst others. It would be nice to think the company was on a bit of a push in june to finish the half year. As you say, lets see........!!
Mickster - hard to disagree with your comments. There have been many opportunities to make decent returns in the past 8 weeks - and i am sure many investors have taken the opportunity to do so - possibly exiting positions in mmx - look at SJL's move into cash. Many of us here probably feel a combination of emotional attachment due to the length of holding (never good where investments are concerned) and total frustration that the fundemental business proposition/trading now appears to be delivering and yet there is an increasing issue with private investors confidence in the mmx management team specifically in relation to the share price disconnect. Toby has indicated the business is aware of this and of the need to improve investor sentiment - let's see if we can get any traction on this issue in the coming months where the company should be able to provide some decent trading updates and potential investor returns. SB
SB, thanks for this, there is certainly some progress over the last 12 months for sure, I think I am perhaps a little more focused on the progress in H1 2020. We are told there has been 'healthy trading', I did say to Toby this term was a bit wooly and we would appreciate more detail, 'healthy trading' is totally unidentifiable . The endorsement of the Elliott Noss statement is encouraging but again non specific, I am interested in the 'actualite' of our trading in H1 2020. Toby indicates healthy figures but the regs on the MMX website look a little disappointing and "unNoss like' to me. We shall see ....Huckster
Even with the current 300K of deletes we are still significantly ahead of the number of domains we had at this point last year by almost 500k (H1 2019 = 1.8m: H1 2020 = 2.6m - 300k = 2.3m?) We know the business numbers for H1 2019 ($8.9m revenue incl. 68% renewals covering 97% of all costs; operating EBITDA of $2.7m; PBT of $1.7m (eps 0.19c); 1.82m registrations; and cash generated $2.2m). As indicated the main unknown is the amount of brokered activity which may have been impacted in the first half of the year, albeit this probably has a lower impact on H1 due to the higher weighting on H2 sales/renewals performance. If increased covid sales and adultblock can mitigate any reduction in brokered sales that may be a good outcome for the business.
Given where we are – the business may look to coordinate a trading update in mid-July with an AGM – which would provide the opportunity to provide some clarity on our current cash position and potential dividend payment/timetable.
Bakky – you mentioned social media last week – from what I can see there is little activity on the company’s online presence – however I suspect Christa’s role is more focused on developing domain portfolio branding and providing such to our registrars to assist sales efforts. SB