Member Info for MikeHA

Thanks Lukee - yes it's going unbelievably fast! Hoping for a decent update and showing from here. Have a good weekend

Hi StraightAIM and Lukee,

Michael was saying that France is now bigger than all foreign markets were last year. This will almost certainly mean outside not only Germany, but as they refer to it, the DACH region (i.e., Germany, Austria, and Switzerland).

Since foreign markets are starting from a low base—having only launched last year—we do not know exactly what he is referring to for comparison i.e. if he is saying that France is now bigger than all foreign markets including France itself (I hope that's the case). France itself was launched first, and in H125, they said GMV for non-DACH was $5m from 0 in H124 and growing quickly. If this included France itself, then saying this only midway through Q2 seems like decent growth. It would clearly be better for us to have some solid points of reference. Let's see what the next update/FY results bring.

Best,

Mike

Sorry, was anyone able to read the Shore Capital report issued in the last couple of days? Thanks

Hi, was anyone able to read the Shir Capital re

Cmd is now up on site, best, Mk

I had a look at the 2024AR and didn't see anything re concentration risk other than what appeared to be google. There was mention of managing 17m domain names in registry so in the face of it, it appears to be very significant however the business taken by tucows says for backend registry. What this makes up from this segment and then there are the others under DIS ie. reseller, SMEs, corporates and analytics is unclear. It's good that IR has said the new wins are net positive (the switch for radix is November though so only couple months 2025 FY) - the CEO had mentioned circa $6m additional to DIS this year and next a similar amount so it's v hard to tell the net net finally. It's a real shame if this is material as DIS should have been the dependable and high multiple part of the overall business.

Thanks Lukee - this definitely sounded like different time periods. Had a look at each and must be the download version is from 2024 post Shinez acquisition as mentions 2023 revenue and the website link is current from 2025. Good to see the search division is progressing. I'm more wondering how the market will respond to interims as overall they can't look great as comps thought leverage multiple will hopefully be reasonable. If you dig in a little other comps, eg DIS & Comparison, and outlook to 26 should be favourable. The market seems to be pricing in the worst downside. I believe there's a great amount of value in here which should be rebuilt however clearly management have lost the markets confidence due to the two monumental errors happening in quick succession. Best, Mk

Hi G, agree with comments here generally though just to mention re DID growth, I think Michael was saying absolute growth in value ie c. $6m this year and sane next though in an earlier interview he did say the business could conceivably be around double within a couple of years. I do think a multiple of 8 is far too low for a recurring revenue business but understand the prudence. Best, Mike

Many thanks for the replies Rups and Tony. I think from what I could gather a raise doesn't seem to be needed though wondered about the capex necessary for the contracts which are really substantial for a company of this size.

Many of us have had these types of companies in our portfolios with great potential and it takes much longer than anticipated to execute. At least CD looks to be in a good place despite the delay. Best, Mike

Hi, new to this board though not the story, have tried to read through all the posts of the last couple months but given differing opinions am not really sure why the recent SP fall. Was it they actually missed earnings or other news, there was a lot of comments about warrants? If someone has a balanced view ;) of the company and could shed a bit of light that would be great, thanks, Mike

Hi Liz, try may be in process of being replaced with the new shares but I would call them to clarify if possible. Hopefully all the platforms will have resolved these issues within the next day or two and they can be traded in all types of accounts including ISA. Best, Mike

Thanks Arthur, I'd just seen that also. I hope it's all ok re the ISA and HL generally. II just confirmed they can be bought in a SIPP or ISA but may take day or two and to use phone service in the meantime if need be. I know II accepts different settling systems to HL as had an issue previously with another company which could not be bought via HL but was possible on II which was related to CREST. Let's hope it'll be fine. Best, Mike

Hi, does anyone hold shares in an ISA and if so which broker/platform? I hold in trading account and ISA with HL - not yet tradable. I was able to get a quote today in a trading account using II but not in an ISA. Thanks, Mike

Hi, can anyone advise where best to find current and historical (chart) prices for chrome? Thanks, Mike

Thanks a lot Uksteveg

Hi all, does anyone have a good link for checking the current vanadium price? Thanks, Mike

Ok, thanks Gallmat

Hi wobble, read this last night also, do you know if is this a fund 1 case?

Hi again, sorry just checked this and it was paid as you said 28th May and received in accounts few days later.

Hi Rb, are you sure they've actually paid a dividend yet this year?