Member Info for buyout18p

Bakky Can't see a sale on the horizon myself, the exit price would need to at least 16p in my view, Hony would not exactly be doing cartwheels of joy on anything less. Imho our market cap now should be just shy of $100M say $95M , had it not been for this virus I would expect us to be 9 - 10p ish, but to build the price organically from there (where we are not) by gradually adding registrations is going to take years and that only applies if gtlds are still in vogue which is not a given. So for me a sale of 16p-19p is the only option that works. The 16p - 19p correlates fairly comfortably with recent PE registration grabs, Bakky lets just say its desirable to me!.............Huckster

Bakky

Yes, what I mean is these Directors are not backward about honouring themselves and awarding themselves pay increases, the video interviews do not exactly have difficult questions any of us core contributors could do so much better, its just a massive lap of honour for Toby while all the Shareholders are stuffed up Huckster

Yes, stay safe everyone, I've been to 1 supermarket with crowds of people way too close and 1 supermarket with a 50 minute queue just to get in, crazy world.
For me, I have faith in our management, they have turned the company around, created an annuity style business based largely on renewals, got some innovative stuff going, sorted the geographical income feed and achieved profit, I am sure they will be able to maximize revenue and minimize costs going forward, I have no worry about the business operationally. Our issue is now market perception, yes there are historic issues, we were a 'lets make a quick buck company' run by muppets but surely Toby can't simply pat himself on the back and say job done, I think I'm due another award (yes I saw the video, if you just want awards join the bloody circus) what about all the investors who financed all the mistakes, what sort of award are we getting, the shareholder value should be part of what the company is responsible for. I think shareholder value should be both a concern and a priority for Toby; getting ****ed off by the wait, sorry for the rant Huckster

Ursupator: Well yes, as I recall these were the revenue figures, what has happened as with our understanding of consolidation in this market is that the costs of the 2 businesses have been amalgamated making saving from the addition of the costs of the 2 separate companies, all the saving probably don't show in these 2019 figures, they should all show in the 2020 figures, these savings will add to the bottom line profit figure. Having said that the revenue figures do not paint a picture of runaway success, SB was eluding to this, so yes revenue is up to $ 18.9M that is good but not quite where it should be especially as $ 1,1 are down to Adultblock, not featured at merger time, I would say you make a fair point Huckster

Silver: sadly you are I believe bang on with that, I am sure there is a 'yeah, seems OK but I still fink theres somink wrong with that there MMX'
I think we need to move on. Huckster

Bakky, maybe hard to know, surely it will depend on customer demand, if they want Adultblock they may buy it, hopefully our salesteam are on the case.
I would expect revenue for 2020 to be itro $23M. It is difficult to see how a company like MMX would have a market cap of just over $50M ............something is wrong? Huckster PERHAPS SJL might shed some light on these results for us......please

Also! 2020 could receive a decent boost with Adultblock revenue in the last 2 months of 2019 revenue from Adultblock being $1.1M even if they were heavily discounted in 2019 there could be significant revenue boost in 2020 albeit not enhancing registrations.

Silver, looking at things in that light it is not a phenomenal performance, nevertheless revenue of $18.9M is about what we expected, I think we were looking for $19M - $20M
I am not sure MMX will ever deliver much shareholder value in the medium term , say 5 years or so. I am focusing in on the credentials of MMX as regards being folded into a much larger tranche of registrations by a PE company. so for me its registrations, revenue and profit with no encumbering debt or onerous contracts. From that point of view we are going in the right direction me thinks, yes, could be better, registrations/ revenue is up 25% we have a $4.7 m profit as opposed to a $12.6m loss these are very reasonable headlines. Our costs are of little importance in a consolidation because they will be very largely constitute a saving. The pitiful sp should not be relevant in a sale provided the company don't fold to a low ball offer, they don't need to because we have cash in the bank, I know this is simplistic but for waiting until MMX to have 10m registrations will take too long for. Huckster

hmm don't think many of us are overly surprised by these results, they were predicted by SJL 18 months ago, so well done team for a great effort on turning things round, we now are facing in the right direction. The bumps in the road however continue to dog us, an increasingly massive disconnect with the sp caused by mickey mouse Freddy Kruegar management in past years with accompanying background music by Wolfgang Amadeus and now the Covid 19 pandemic, will all this effort and patience ever achieve shareholder value, Divi announcement in September, divi 2021?
The mmx crap has got its own crap..................we are now in my view eminently buyable provided our results are predictable, we need to be beware low ball offers, we really need to see 18p , just a longer wait again , Huckster

Yes SB , Now Toby has turned the ship around it is very hard to see why MMX is not able to generally match the performance of other leading Registry's. Our market share has risen to 7.52% and registrations are up around 33% at end of 2019. Provided we are not all about freebies, our end of years results should be very good. Trends in registry sales should be relevant to all well managed registry's imho, can't quite see the logic in selling just before some good results and a divi. Huckster

The advice i am getting, (not from SJL, although very similar) is that we need to show we can keep producing good profits and an increasing revenue stream on what needs to be £ 19/20M shown in 3 weeks time, show this performance can be taken as a given for at least 2 years and 'bob's yer firkin', ................................sale at 16p -20p Huckster

YHAL I think MMX simply need to charge ahead to get the biggest possible market share and number of registrations and the rest will take care of itself, flapping around like a wounded bird will only yield sympathy low ball offers. Don't see 10p by the end of March, be lovely though, my head would at last be above water! .....Huckster

If you go onto Domain name wire, go into podcasts then into menu and search mmx, there is a great roundup of recent and current happenings! sadly no mention of an sp increase! Huckster

hmmm as I recall before the recent large PE acquisitions there was a game of musical chairs, with folk leaving icann and companies about to acquired so everybody had a seat when the music stopped. Why would Toby and Michael employ someone who could do their own jobs, Is this simply laying the ground before an event of which we have have no knowledge, I know SJL says he don't know nuffink, and he can say little else but I just wonder.
Having SJL on the BB is like having a horse shoe in our pillow case, if you want to have a pillow fight with Toby a horse shoe is always going to give you an edge, and Toby a headache, hope that is not too obscure for our esteemed fellow contributors!
gorra go Huckster

SJL

For MMX to 'merge' it's 31 tld's with Franks 24 tlds would be very considerable and significant revenue of circa £ 38M to fold into a one of the big PE players consolidated masses. In my experience there is no such thing as a 'merge', often referred to to but the reality is that one of the merged parties diminishes the other and its a takeover. Is there any way we could acquire such a large entity as uniregistry? have we really got that type of muscle?,,............,interesting prospect Huckster

SJL bring it on.........

SJL, if 25 tlds with 400k registrations is worth $150mm what does that mean for MMX ?? not quite sure how that valuation could be relevant to our 2.4MM regs over 31 tlds........ on a price per registration basis that's $ 900mm, in truth that is possibly very slightly high but I would be happy to offer a little discount and sell at $ 250MM.
It is about time our endless patience is rewarded, just my personal view................................... Huckster

SJL, the update was really quite devoid of detail and always absolutely open to a hefty amount of misinterpretation.
Given your lofty status you are in a position to perhaps consult Toby in the first instance, these things can be very hard to stuff back in the bag once out, happily all seems to be well. But SJL we do very much appreciate your posts here, as you can see we get precious little comment on what the company is doing from the BOD otherwise. The core of us are all much clearer on where we are going and why, keep your posts coming, we all know where Shangri La is now, just can't wait to get there. ....Huckster

Bakky

Toby has set him self up as a straightforward operater, he seems to come across very well, indeed I have had satisfactory telephone conversations with him, I take people as I find them ergo I have every right to be be surprised to find out that is perhaps not the case. I suspect Sunday is right, these things are never all of one and none of the other, it will be somewhere in the middle. Huckster

sh== this is exactly what I didn't want to read re the update. Can you advise me where the AGM is, I presume as a shareholder with more than a fistful of stock I can attend, I would quite like to hear the answers to SJL's questions and shake him (SJL) warmly by the hand and perhaps shake others warmly by the throat, this is a big investment for me. I am unhappy that circumstances seem to exist where there appear to be questions over the disingenuous nature communications from the BOD , might be nice to meet some of you guys too Huckster