Member Info for buyout18p

It does seem dums are up 30% or so over the last 12 months, but we are looking at H1 results for 2020. It doev rather look to me the percentage increase in dums this last 6 months is almost non-existent, that is not necessarily saying income has not risen, nor is it to say that some of our names have not done well in H1, but I really don't think there will be much to shout about. Toby will say its all part of his 50 year plan, long term investors will be quite happy..........not me

Yup that's exactly where we are are, question is how do we go forward? At the moment all I can see is steady as we go with operational success...not too bad in that department, crap in the sp and sh value departments. what's the way forward?

Sh*t the results for H1 must be good, the sp is going down, we will be in negative figures soon, wtf is it with this ridiculous share.

Yes YHAL the organic growth route will take years, gtlds will probably be superseded by the time we have the scale to grow massively by acquisition, I think being acquired is our way forward, although our fundamentals are good we still need to work hard to look attractive as regards regs , revenue and profit. Its the lack of interest in our being underwater for so long that rankles....who do they think we are, fish?...................................Huckster

There is a 5 year plan that ends December 2021 so we are told, so we have to wait........funny that no one knew about it until 2 months ago, seems strange to me. The thing is that yes ,the fundamentals are good, we do seem not to be adversely affected by COVID19, it remains to be seen how well we have done in H1 2020, so yes, guarded plaudits to Toby and team. Why with all this positivity can't we actively seek new investors at the same time, we are not a one trick donkey, with an sp under 6p we certainly look like one, but why not get off our asses and try to attract some, we can do more than 1 thing at a time surely, we have a great story to tell investors, otherwise the sp will just float around 6p and the sector will understandably say........................ 'Oh yes MMX, the basket case' .........................compared to Cnic you gotta admit we look like one. Huckster.

I would say both companies are good bets, our problem as SS says is that MMX that while successful act like losers, we project as a unsuccessful company!

Couldn't agree more SS .................why o why cant we project our success to the sector, why hide, reading Cnic's Edison review it looks like a dynamic company with a corporate plan, increasing sp a company we can make money in. Mmx has no presence at all, there will be no sp movement because all the shareholders are just sitting frustrated on their holdings, therefore no trades going through, sp going nowhere , a nowhere company. We need to get off our asses and make some positive waves, we have a lot going for us but we are extending the wait for sh value by doing nothing to advertise our success. I really can see how Mmx could be folded into Cnic, but i think we are too big a bite for them at the moment with the debt they already have, they would have to raise a lot of capital for that. Huckster

Absolutely stark raving bonkers, our time will surely come, ere CNIC you can have us on the cheap, I reckon 18p a share yeah?

Strange comments on ADVFN today

Yup, absolutely stark raving bonkers! We really need to flaunt our success and attract attention, maybe some one will start doing the maths. I have us down as 3M registrations with around $10M in cash at bank at year end....... htf can we stay at 6p????? Surely it's just a matter of time Huckster

SS, yes, I can respect your view (as usual) I think the board decided to revisit the Divi question in September, clearly with no clue how long lock-down would be and that is what they will do; I have seen this general resolve in Toby's leadership on an ongoing basis. Toby style is not massively dynamic but he is sure footed and consistent. I think a divi would help us with the wait for a rise in the sp, atm I can't see a better way to give the shareholder some value especially as so many other stocks have such a big upside.

Good to see progress from six or seven of our domains, we are catching some of the COVID upside at least, the H1 figures should show some positivism. I really don't think Toby is ducking and diving on the divi, he has prudently sat and watched the upshot of COVID for mmx, this is prudent. There will either be an acquisition or a divi at year end (if not he knows there will be an inquisition!) The reason he doesn't but shares in mmx is that he wants his option to vest, he regards the share options as his shares (fact) there is an upside for all if that happens. For me this is all about waiting for someone to do the maths our sp matches real results, another 18 months maybe, no need to be donny downbeat. Huckster

SB, SS Yes, we haven't done at all badly ,6 - 8% growth in sales is not at all bad in normal times; for many these are very bad times. The point I am making is that we didn't catch the major upswing our sector seems to be enjoying, we do seem to have the resources to do better so our H1 will be OK, workmanlike but unexceptional. Not sure if we have he cash for these 3 auto registries, for this I would trust Toby and team to know what they are doing. Its presenting the company to investors they are perhaps not so good at.

Yo, so the 'healthy trading' seems to mean same old, same old ticking over, no bounce here. we seem to have rather missed out on the 'remarkable and immediate increase in registrations', nothing I can see that will light up this share, wouldn't even light a cheroot. I am expecting nothing but 'steady performance with sound fundamentals' in July. Are we keeping up with the general sector performance? despite the assurances it seems not. some good news with a few like .fit and .yoga but I cant see sales increasing increasing by more that 6 -8% this H1 Huckster........................... please prove me wrong

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.

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

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

Morning all, this half year is almost done! I expect to see some exceptionally good results from MMX in July as our sector has seen a "remarkable and immediate impact in registrations, they are way up, a significant bump in registrations", so yes, we should be looking at great figures especially for the usually quiet first half of the year...........an excellent time for folk to start doing the maths on MMX......we will see. Huckster

I remember speaking to the company just before the end of the review asking a few leading questions, one of which being when is this share likely to do something? the sp was languishing lowly at about 12p at the time. The answer was 2 - 3 years time, this surprised me slightly bearing in mind we were on the point of being bought out (so we thought) Sunday reading my post was incredulous with much scoffing, thinking this was absolute rubbish, It seems there has been a touch of pragmatism - playing for time - with the subsequent notion of a 5 year plan hitherto unmentioned. Hey ho I do really think we are getting there as an annuity based business, But I do strongly believe if you've got it, you should flaunt it, people covet what they see, if they don't see it they can't covet it, meaning we should hawk our success around, to attract attention/investors.
Anyone seen the huge bump in registrations re Elliott Noss, One of the Dragons said the on-line purchasing mentality has been fast forwarded by 5 years due to COVID having said that we seem to still be on 2.623 M regs? perhaps it needs updating.

SB, my take exactly, its very reassuring when panic could so easily set in. If I can I would quite like just to step back from watching MMX every day. The naysayers drag you down a bit come the end of 2021 things should be on the up! I think Toby spoke to you yesterday? he said a really tall chap around 80ish, with a combover , nice chap, is that you? Huck