Looking at the April year end statement ,it is clear that Q1 performance was excellent..its there in black and white..looking at all the available stats the evidence points strongly to that momentum having continued.Now we can add in the premium sales that started 26th June and see some good results there.Next week we kick off with our blocking convention ,which many in the industry are touting as a win,win for us.I would say we are in pretty good shape but look forward to confirmation of that..atb
I couldn't give a stuff what you think it makes me look like blissful.It got to 35 on hype before ,so my figure is not that far out on solid results..A well respected oil and Gas CEO happens to not be too far out from what I think...In any event ,this is a BB and we are free to say as we like...any figure way above where we are could also be called ramping...So if you dont like my posts filter or do one..atb
PS I'm in for the full drill programme..
Many tlds were "touted" at multiples of where they are now.I can remember App "touted" in the millions ..also New York ,London et I agree that Law also had hyped numbers attached to it ..that was all in the over hyped days..we have to deal with the here and now and the relrelative performance of our tlds in the market that exists today.Its all about bottom line and Law punches above its weight in respect of contribution to that bottom line.Its also the case that in those early days we expected a viral growth in tlds that has never happened,consequently the frequently "touted " company valuations of 50p and more are also fantasy..I have adjusted my thinking and investment level to fit the "new" market..that has meant averaging down to make my desired return ..atb
You are quite right.Law is producing excellent premium revenue if one cares to look..It really is punching g above its weight.VIP is all about new busimess v deletes and the net result is an increase with higher prices for second year onwards..It has also sold some very decent premium income tlds.Although the numbers for .luxe are below most people's expectation ,it is a low and high premium product ,so I would imagine some very decent revenue there too..There are a few other stand outs..fit yoga,beer.and even surf is managing to lift itself into contributing to the bottom line.I would highlight .work ,I expected many more deletes on that one..You can look cup half full or half empty but I'm.more then pleased with operational progress..Wish it could start to be reflected in the SP and lift the sentiment.
Our current valuation is really as a result of legacy issues that are rapidly becoming a thing of the past.Operationaly the business is performing very well but MMX is under the radar..with very little interest in the shares and low volume selling having a disproportionate impact.I do actually dislike the fact that management are passive in thi area ,relying only on operational progress to shine through..that takes time as we have seen.I expect an update soon that will probably include recent premium sales activity and possibly news on the uptake of the new blocking convention.Both these items I expect to provide additional evidence ,over and above normal trading that the business is in rude health.Markets almost always lag the reality ,so as SJL once said..We need to perform in every quarter,pumping out increasing profitability and eventually this will come good for investors.Its a lengthy process for sure and in the meantime we are an attractive target in a consolidating market.Frustration management is the lot of the MMX investor at the moment..atb
I just had another chat with DB re the planning notice sighted this am.Its a mere rubber stamping exercise..all the required planning is already there..He compared it to closing a road for a few days..just needs the formal green light..we will be good to go next week..