Member Info for Silverblade

Strange little trade - takes their holding over 118m shares. Good week for sales - 20K plus domains sold including what appear to be some higher value sales. Decent news on adult domain block service. Bit of banter and we are another week closer to concluding H1 and hopefully hearing some good news on the year to date. Good weekend all. SB

Another good day for .vip - 10K+. There have been some premium sales going through - the single digit numbers last weeks and now two digit characters. I am assuming the company is looking to deliver a strong Q2 to match the 'exceptional' Q1 - which will obviously combine into a H1 2019 set of numbers which will show the progress which has been made. Being angry or frustrated at the share price is understandable for those holders who purchased at higher prices than where we are - me included - but there is no doubting the progress being made - it just needs financial evidence - and given the slips in the past its not unrealistic that the market needs to see this before share price support. I expect a company trading statement early July (if not before) at which point we should expect to see what 'exceptional' means in terms of financial performance. In case anyone sees a 500k sell and accuses more shareholders of bailing - its my 250k bed and isa. Keep the faith all. SB

Sunday - I can only assume we have a premium guy on board to help shift premium domains across our portfolio- so despite the slow down in that market there are clearly opportunities. The .law Chinese sales confirm there is still appetite. I do believe mmx's performance this year will show the fruits of the various struggles we have endured for the previous three years since TH's reign - although as someone who invested more than 6 years ago I am now at the point where I need to show a return for my own sanity! As you say - no banana skins - and we should deliver, and with that free cash flow comes what we require as investors - a return. Total cost of sales less than $12m, sales of $19m+, $? auction proceeds and 2019 will be a good year - the potential for a full cent of eps.

And bakky, tap and others are always there (rightly) to remind us the business at long last needs to deliver for its shareholders. SB

Just caught this on twitter – Morgan Linton.com

“ MMX is releasing 5,000 previously reserved premium names in TLDs like .work, .fit, .fashion and more. MMX, the company behind a number of new domain extensions like .work, .yoga, .law, .fit, cooking and many more is getting ready to release a slew of previously reserved premium domain names. This means that domains which were previously unavailable will suddenly be available to end-users.”

Note the comments from Christa Taylor – our recently appointed Chief Marketing Officer who is presumably working with Daniel Schindler (Special Advisor focusing on the monetization of the Group's premium inventory) “In case it helps, the new prices come into effect on June 24, 2019 at 16:00 UTC (to be exact). The newly released names vary, some are from reserved to standard pricing along with a mix from reserved to various price tiers. “

I’m not entirely sure how price reductions to standard pricing are classed as premium domains but hopefully some of the remaining domains secure higher prices. On the basis this was not an official mmx news story there may be an update in the wings including this sales initiative, new .luxe blockchain launches, renewals update, current cash position and of course a dividend timetable. It’s tricky to be 100% accurate on the H1 2019 cash position (2 months away….) – but it would be realistic to assume somewhere in the $12m/$13m area is achievable (.music still being something of an unknown contributor) barring any more impairments. SB

We will benefit from the proceeds of three auctions in H1 - cpa, gay and music. It does make you wonder what we received / we know the company can’t provide this detail / but surely given the share price there needs to be some action to remedy the slide. We could be sitting on $10m+ of cash - some restricted - and only hotel in our bid pipeline. We got a great update - but let’s face it the reality was a huge loss. Major investors must be asking what is planned to remedy where we are - sub 5p - if reached - could be the breaking point. SB

Not that it helps - but the 15.39 trades are mine - bed and isa - so in theory the 5.21p is a purchase!! Seems a good opportunity to move into tax wrapper. As for the general price performance - madness. Hope we dont have to until July for a trading update. SB

Tap / you are correct - I have been on the verge of putting some positive thoughts down to try and remind people why we are invested here but sat on the sidelines watching handbags unfold!! Good effort though. I believe H1 will show some decent numbers and depending on the auction income our full year should be in the $8-10m range. SB

Tap - watch out / someone’s hacked your LSE account and is posting positive comments. SB

That must bring back happy memories of your own sin binning eh bakky.....!!

Just to keep myself amused I might bed and isa some shares to hide those future healthy dividends and capital gains from HMRC......one day, surely?! SB

I think the buy shares button has seized up......SB

Now down to last two / and we are the only true registry left. No donuts, no google, now no amazon. Gulp. SB

Maybe it was a transfer as opposed to a trade? Or a wrong button moment....! It’s the kind of trade that makes investors - who are nervous about the share price anyway - doubly nervous! Anyway - let’s see what news today on the music front. SB

41.8m = 20.8m x 2 plus the 130k trade. Looks like the sale and purchase went through together / with the purchase yet to show? I agree with you on the ability to fund .music - but shows some balls still to be in the race / and perhaps there are other funds available like the previous London and capital facility. I might not like the share price but the team sure do like to keep us on our toes - and have shown they can grow a good business (legacy crap aside). SB

Looks like we are in the final three for .music. Results due out any day. No wonder there was no mention of a dividend....and I hope there isn’t a connection between the result and today’s large trade. SB

There are only 8 declared parties who could sell that amount - we will find out soon enough who sold - unless it was a heavy weight PI but I doubt it. Any buy back programme would need to be publicly notified prior to any purchases. SB

Someone just sold more than 2% of the business. Not good after a positive up date. Possibly lock in shares to meet tax obligations? RNS holdings clarification on route...? SB

You have to think there would have been strong interest in the music domain. Our bid was in partnership / so any proceeds would presumably be split. I would have said it would have been good to secure it but our historic partnership deals would indicate its better to take the auction income rather than take on onerous deals. SB

....sounds like you are poring over the results and finding some good stuff - can't say the team are not making an effort to create some added value in the domain sales space - as long as the benefits outweigh the costs that's good for me.

I need to draw a line under the frustrations of 2018 and move forward; I guess we all do. Its all looking positive - for goodness sake lets not have any more crap in the closet to clear out this year.

I wonder if we will hear from SJL with his views.....SB

Ironic indeed....although during 2018 we actually reduced our sales/marketing team by 25%......but our new chief marketing officer appointment makes up for that decline. SB

Sunday - I agree with your point about treating ICM and MMX as one - my historic illustration was to reinforce the benefits that ICM delivered and the precarious position we would have been without that addition! As you note our revenue in 2018 v 2017 was negatively impacted by a substantial reduction in premium domain sales. It looks like that may be picking up again on 2019 based on .law and general comments, here's hoping. Personally I would have liked more detail on revenue breakdown beyond the geographic split - I guess to get a feel for renewal revenues from different domains - but perhaps that may come in time i.e. work and vip renewals at decent $s starts to add good revenue. Lets see if there's any broker feedback after this mornings meeting/call. SB