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The are a lot of the above around, hopes were for a very different outcome in order for our investment to yield after such a long wait. The last thing we should do now is to sell, that's out of the frying pan..............................the current sentiment will keep the sp at this very low rate for some time now. When the wisdom and benefits of our acquisition are recognized, understood and divi's are on the table the sentiment will change very quickly, with our enlarged portfolio of generics MMX will be able to go to the next level IN TIME. So my investment looks really sick / suicidal after almost 5 years invested here, but this share is not for the faint hearted, I will be looking at this board much less, it's too depressing but time will tell, i have faith in MMX.
doesn't suit me, it is pretty clear that to put 2 x profitable companies together and rationalize some of the costs will lead to a more profitable company, clearly to pay $41m with possible premium sales of $135m is very clearly a prudent move and potentially massive for the future. The nature of the 4 new generic names is immaterial in my opinion. Question....what happens with TH's options? does he lose them at the end of this year? TH very clearly said when asked in what timescale the company might be sold he said 'in 2 - 3 years time', as I see it, we are looking at 2,020 at the earliest for such a move, it will have been a long frustrating wait but likely to be worth it. Something in the Times last week indicated that the City is thinking about bringing our dependencies within the same financial rules as London, The Virgin Islands are very unhappy as a large amount of their earning come from their offshore nature and they are thinking of declaring UDI, that could be a concern!
Good to know Sunday, I look forward to you being happy with the result of patience in MMX! i do see a great future for MMXers, hopefully Jam will be served in the nearish future.
Well I haven't read all the wrangling that's going on, can't be doing with it. I have been with this share for over 4 years, I have over 2m shares at 10.5 p and have never made a penny out of it, and still no divi for 18 months and am way down on my original invested figure..............so yes, I'v'e done better with the sodding post office savings account, I would have liked a sale, it feels like I put my farthing on the wrong whippet! But, MMX will be a bigger success now, the company will grow, profit will grow and we will be part of a major player sometime in the future, and we are likely to be big winners, it's just not now, probably 3 - 5 years, not what I wanted but hey..........nothing I can do about it.
This doesn't suit me personally, its the long game, building up the numbers, renewals and profitability, if we sell in 2 - 3 years as TH eluded to in early December the sp should look very different, we should see divi's in a year or so. Not what we expected, interesting to see what the markets make of it, probably the sp will rise in the short term then cum down.
Not too shabby eh Sunday....148% increase, can you arrange that for another Aim share please, 25p might be nice!
It seems there has simply not enough buying going over the last couple of years to stimulate the sp, the investors have their positions otherwise MMX is not on the general radar, I have spoken to loads of folk about generic names, no one has heard of them so there has been little to attract investment in reality, basically years of unseen building of the numbers and the happening of .VIP, hopefully our little side-bet with MMX will come off, absolutely no point in falling out, both Sunday and Simon are major contributors here and have added much to our fund of knowledge.
Both, you're comments are all helpful, it is good to know what people think. Clearly we are not really going to hear direct from the BoD, it's illegal! But..............quite cleverly MMX talk about the review as a euphemism for' take over or merger' so in a round about way talking about the Review being concluded in early May refers to a buyout/merger in early May; with many other shares. news is as 'tight as a witches chuff', the first thing you know is an RNS. Anyway I am almost at brake even, whoopee! I don't expect the sp to rise massively until the RNS on the 11th, as there are not the available shares to buy after the buyback 2 years ago limited the shares to circa 700 million. I also feel if we don't sell now it will be a longish wait as tlds are not the massive world wide winner we thought they would be a couple of years ago. Not long now....................................
Simon, yes I see, that explains the dissconnect between the current sp and what may be a selling price, if all the shares are held by investors and they wish to hold on to them (you would have to be DDB&S no to) there are effectively no shares to buy, ergo no major rise in the sp! thanks
We know you are reading this, pick a number between 22 and 40,............. any number...................., they are all winners! You are probably having a quiet chortle knowing that as Bakky says we are merging with Toys r us.bust
Yes, that's it, I'll go for a 7am RNS on the 11th
22p RNS on the 11th May
Loving the sentiment of 30p, don't quite see it as a reality, who ever buys MMX ( if anyone does) will need to develop the company and wait until the public demand for the new . domains take a hold, because of that wait, ergo uncertainty such a price may be difficult to achieve, I would just love to be wrong, 20 - 22p might perhaps be achievable! Odier, Hony and London and Capital may seek to double their investment.
Yes, thanks for that, Odier are probably key players as regards whats going on, man on the board and all that, as you say a good price before the end of the year is beneficial to all, plus 10p on 12p @ sp of 22p would suit me, it depends how many shares one holds, clearly .22p x 10,500,000 shares carries a reasonable dollar value, all good for the Maltese economy!, bring it on
Following on from Sunday, is it possible the price is being manipulated because a selling price for the company is already agreed? and late trading will have no bearing on the final price therefore any increases in sp as a result of buying are supressed? ............., seems incredible and a really dodgy practice to be a reality but I don't understand the rules of the AIM. .
it's only 5 degrees today but it's May tomorrow, mmx and the weather should both start to warm up! If in the RNS 'the conclusion of the Strategic Review', means MMX is to be sold (likely but not definite) it now seems that the frantic sales right at the end of 2017 trading year were linked to a formula for pricing the company, ie price based on profitability, that's hardly unheard of I guess. So the minimum price may be 16p, that the price at which TH options vest, can't see a sale below that price, at 16p Hony profit by 23% on their investment. They might want to see a bit more than that. Personally I can't really see Hony's investment doubling taking our sp from 9.4 p to 26p but I could see the current sp doubling to 20p, this would be a 53% return on Hony's investment over a 2 years period, albeit speculation of the purest king it's makes sense to me, looking forward to a memorable May after such a long wait.
Thats Bakky selling a quarter of his holding. Hopefully the large seller is not TH and he/she will be wanting to re-establish their holding following the RNS. - it simply doesn't make sense to me, now has to be the time to buy. I think the deal is done and simply needs to go through the 'OK it's a done deal' department in Beijing, there's no way the RNS could have been that specific otherwise.
Well yes, MMXers who have lived this share will definitely see the RNS as near as can be confirmation of direction of travel and timescale, but we have been camped on our positions for years now with only small top-ups, one would like to think that now new investors will want a bit of the action at under 10p, given that Hony paid 13p and will want, surely a minimum of 20p for a sale, probably more like 26p, then this share has got to look really attractive, there is likely to be a significant upturn in the sp for what may well be just a 3 week wait, it's very hard to see MMX as unattractive................surely this share will creep up over the coming days, well that's the logic, but we all know how stubborn this share is. All the best to the regulars on this board.
You really cannot blame shareholders for being frustrated, it is pretty clear something is afoot, the longer this goes on the more inscrutably Chinese it looks, why are the 2017 results so delayed? linked to talks? I do not believe company performance is affected by the Review at all, ...............................Whats up Bakky, where are you?
Review, 'Further announcements will be made in due course' .....................mmm.........think we have already done due course...................time for news but how long is a piece of string? frustrating ............surely there is some substance to MMX somewhere, otherwise its the biggest cock-up since Mons.