Member Info for Ursupator

It went remarkably silent after the first media attention. I guess no one made a bid. I suspect it was only an agreed hiatus mechanism in their JV agreement.

.london? I thought that was the onerous contract?

The .cars & co sellers claim operating cost of only 5% of revenue. Which means that even if cost could be reduced close to zero, there's only a 5% upside. And then their domain count is coming down by like 10% YoY. Do your DCF with a negative perpetual growth rate. And in the end, it is probably only a stalking horse to end the joint venture. Shilling sits on tons of cash from the sale of his company, Negari is sitting on loads of debt and this is how they determine "fair market value" among them.

Sometimes people are just slow doing their paperwork. Still possible for more TR-1 coming out this week.

Interesting. If this is what the market wants, why doesn't management just deliver that? There are 20 competing nTLD registries that have more than 100k domains. Just buy a few. After all MMX should be bankable. Or just pay in paper, even if cheap. I don't mind as long as a story is being created.

I don believe that it is about building a large registry business. IMO they wanted own their inventory which now they have with .us and .biz. If Verisign increases .com and .net fees, Godaddy will suggest .us or .biz to them. They do not need dozens of TLDs to do that. I do not believe any other company could replicate that strategy.

Don't forget Afilias owns .info and operates .org - their revenue is more than the sum of the other companies you mention.

Good point. Is ICM in the end a poison pill that will (or already does) repel both public company and private equity solicitors? .xxx, .porn, .adult, .sex - which would only leave Afilias, Radix and Uniregistry. Which would then again inhibit their IPO or PE sale fantasies, if they have any. Or am I too concerned over the CSR/ESG implications?

Right, to me it sounds like terrible news: one of the few strategic players that would have had deep enough pockets just picked another bride. Also eliminates Neustar as a potential bidder for a takeover. Leaves very few candidates. High risk of ending up as the embittered old spinster.

As the 2018 to 2019 growth is distorted by the ICM acquisition, I did the following math:
In 2017, MMX had revenue of $14.3m. When they acquired ICM, they disclosed that ICM's revenue for 2017 was $7.3m. Hence, when the acquisition would have occurred on 1/1/17, FY17 revenue would have been $21.6m. Now they tell us that in FY19 they did $18.9m. That is 12% less for 2 years, CAGR of -6%. I do not see any growth here.
Tried the same for net profit. They reported $3.5m for ICM and $1.7m for themselves in FY17, a total of $5.2m. Now, in FY19 it is $4.1m. A reduction of 22%.
Please someone help me. Where I am making a mistake in my math?

Re "seems like the FCA has asked businesses not to publish financial statements and updates over the next two weeks?"
- only applies to preliminary results (here it is final) and main market companies (AIM here)

Thank you for coming back to the points I raised. The current drop looks like the guy (I presume it was only one domain investor) who caused the spike in .vip registrations before Christmas 2017 has now dropped all his names. (2 x 365 days + 45 days renewal grace + 30 days redemption grace). Probably these were priced aggressively and we should not see much of an impact. So I will agree with you on this one.
I do not post here very frequently, only when MMX is in the 5p range. The rise in .vip registrations basically started when I posted in September how it would be possible that "two and a half men" at .icu can sell more domain names than the entire MMX organisation. It appears management is reading this chat ;)
Verisign is down 25% over the last 6 weeks, too. Maybe the safer bet in the current climate. But I am afraid they may cancel the price increases out of recession fears which I believe would make the share price fall. What do you think?

Here is what worries me about MMX:
a) According to namestat.org 97% of their .vip domains are in Chinese hands. The total domain count is already coming down. I fear the missing new registrations of today will be the missing renewals of the future. Would we need to multiply the revenue currently lost by some low to mid single digit multiple to arrive at the total loss to the business?
b) Again according to namestat.org, .work is 97% under Whois Privacy which I understand to be a synonym to spammers. Does any of you known how the global lock down affects their business model?
c) They spent more than half their cash ($5.1m out of $8.9m as at 30 June 19) on the .london settlement and bought back shares at prices which with hindsight were much too expensive. I wonder how much cash is really left as of today.
d) At the time of the interims they had $7.5m receivables outstanding. How much of that is due from Chinese customers? How do you collect outstanding debt in China? Will we see a version 2.0 of the write off in 2018? I guess Mazars will have a close look before signing off the 2019 accounts.
e) With the registration numbers indisputably coming down (see e.g. ntldstats.com), I wonder at what level we should expect Finncap urging them to issue a profit warning?

And yet they cannot even keep up with a 2 men team like .icu who manages to sell even more domains than MMX https://www.economywatch.com/newswire/462

And yet they cannot even keep up with a 2 men team who manages to sell even more domains than MMX https://www.economywatch.com/newswire/462