Minds + Machines Share Discussion Threads

[cpap man] 21/9/2016 16:18

MMX now U/C on the day!

[onthebrightside] 21/9/2016 16:01

But would you agree 42,307,692 shares would need to be bought back for the share total to stay the same ?

[hjb1] 21/9/2016 11:53

very unlikely nobody will take up the offer as people are selling now at these prices, so all of those and others are up for it imv.

[onthebrightside] 21/9/2016 11:09

Can someone confirm or correct my understanding of this tender offer.

The proposal in one extreme is to buy up to 100,000,000 Ordinary Shares that are in circulation and then reissue 42,307,692 to Goldstream Capital and cancel the rest. So we end up with less issued shares.

However at the other extreme we could have no one taking up the offer, and mmx would still issue 42,307,692 to Goldstream Capital. So could we in theory have more shares in circulation after this tender ?

[treble in 1999] 21/9/2016 10:58

Someone added 5m shares yesterday.

[davr0s] 20/9/2016 19:34

Yes thanks hjb1 - I hadn't seen the bottom of the 2nd RNS so that makes a lot more sense. Interesting times ahead it would seem

[hjb1] 20/9/2016 17:30

"Looking at the best ways to return cash to shareholders" sounds good to me!

[hjb1] 20/9/2016 17:17

Casa; I don't think you will have to wait too long before we pass 15p imo. There is plenty to come here yet,all the new registrations to come online, relaunches in China as well as .shopping in China could well be a big moneyspinner they reckon, not to mention future divis, Exciting times ahead.

[casablanca4] 20/9/2016 15:54

Thanks HJB. Totally agree and I will be holding. Maybe if the offer was 15p I would think about it.

[hjb1] 20/9/2016 13:15

you can sell upto 13.22% of your shares, sell all of them or sell nowt, if it is fully subscribed then you can only sell 13.22% ...if not then you can sell more if you wish...for me I am holding and adding, this will only get better imv, why do you think the Chinese (Hony) are investing, they are buying shares at 13p too and they will want to double/triple their investment or maybe even a total buyout at 30p+

Hony Capital is a Chinese private equity firm, owned by Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. Hony has about US$7 billion under management. According to Hony, its core strategy is to invest in large state-owned enterprises and restructure them to increase profits. Hony also invests in overseas consumer brands in order to create value by expanding their presence in China.

[davr0s] 20/9/2016 12:56

I'm being a bit dense here but are we not being offered 13p in exchange for our shares. I'd we get 13p we then dont own the shares

[davemake] 20/9/2016 12:06

Video

Minds + Machines chief hails new cornerstone China investor following tender

[davemake] 20/9/2016 11:49

Minds + Machines upbeat as it plans £13mln offer to shareholders

Alongside its interims today, the AIM group also announced it would return £13mln to shareholders via a tender offer at 13p a share





Forgive my naivete, but what are the implications of this latest news article?

I own 170,000 shares, average price bought 13.9p

Thanks

[hjb1] 20/9/2016 10:39

I'm holding and waiting for the divis that will be coming, this is now on it's way up and up imv.

[treble in 1999] 20/9/2016 09:05

I thought the same, but if people see a better opportunity they can take rheir profit.
Some will be in under 10p so 20% in a few months seems ok.
Thinking about the Chinese angle, it's a smart move. They may never actually succeed in the tender offer and use the cash for an acquisition.

[davr0s] 20/9/2016 08:12

Curious why people selling at 12p this morning when been offered shares at 13p. In fact should be buying at 12.5p. Appreciate deal never certain but you'd think the management wouldn't go to all this trouble if they didn't think it was highly likely to go through. Am I missing something ?

[treble in 1999] 20/9/2016 07:30

Cheers, forgot that one.

Obvious the Chinese want a stake without paying too much. Not sure if this will ever reach the heady heights that I predicted a few years back, but this market is still developing.

[hjb1] 19/9/2016 14:57

treble; check out a few RNS, this was released April.



For immediate release 8 April 2016



Minds + Machines Group Limited

("Minds + Machines" or "MMX" or the "Company" or the "Group")



Outsourcing agreements



Minds + Machines Group Limited (LSE:MMX), the sales and marketing led registry group, is delighted to announce it has:



1. reached an agreement for Nominet ("Nominet") to take over the technical back-end registry functions for up to 28 top level domains within the Group's portfolio;

2. signed an agreement for Uniregistrar, Corp., part of Uniregistry ("Uniregistry"), to take over MMX's loss-making consumer-facing www.mindsandmachines.com branded registrar operation.



Toby Hall, CEO of MMX, said:

"These two transactions allow us to reboot our business as a pure-play, high-value registry group with dramatically reduced overheads. Firstly, the Nominet agreement provides us with the flexibility to now significantly scale the business, on economically sure-footing, safe in the knowledge our domains will be running on a world-class platform. Secondly, the Uniregistry agreement sends a definitive message out to the registrar channel that we are here to partner, not compete, while ensuring existing customers of our consumer-facing registrar are migrated onto an award-winning platform. As such, we believe these two agreements will transform our operations and cost-base."



Nominet agreement

Nominet is the operator of the .uk family of top-level domains. It currently has over 10.7 million domains registered on its platform, a membership of 2,800, and an international network of registrars.



Under the terms of the agreement, commercial terms for which cannot be disclosed, Nominet will provide the back-end registry function, as well technical support to the registrar channel, across MMX's portfolio of top-level domains. It is anticipated that, subject to the normal ICANN and client approvals, the technical operation for up to 28 top-level domains within MMX's portfolio, including .london and .work, will be transitioned to Nominet before the year-end with a concurrent downsizing of MMX's in-house technical operations.



Russell Haworth, CEO of Nominet, said:

"We look forward to the smooth migration of MMX's portfolio of domains onto our platform. Quality and technical excellence is at the heart of what we can deliver to MMX; we have consistently invested in our infrastructure, systems, operational capabilities, and customer service. This partnership takes us into the top tier of registry operators globally by volume of TLDs and compliments the brands we currently manage, such as .BBC, .Bentley and .Comcast. It also underlines our long-term strategy to provide a more diversified range of services to gTLDs and registrars."



Uniregistry agreement

Under the agreement with Uniregistry, Minds+Machines' registrar will transfer its customer accounts to Uniregistrar, Uniregistry's wholly-owned registrar, in return for a perpetual commission to MMX over the life of the accounts. The transition is expected to be begin in the next three months, subject to the necessary ICANN approvals, with the associated downsizing of MMX's in-house registrar operations taking place over the same period.



Michael Salazar, COO of MMX, said:

"Through partnering with best-in-class providers, we have the ability to invest our energies and resources fully into those areas of the business that can directly drive growth in terms of domains under management and revenue. As such we believe the two agreements will be transformational for the Group moving forward as we look to fully monetize, and develop, our portfolio."



Frank Schilling, CEO of Uniregistry, commented:

"Uniregistry is pleased to work with Minds+Machines to provide its clients with our world-class registrar software. Our platform provides users with industry-leading tools to buy, sell, manage, and monetize domains. We look forward to working with Minds+Machines to help these clients fully realize the potential of their domains for years to come."

[treble in 1999] 19/9/2016 14:46

cheers hjb1

whats the difference with nominet

[hjb1] 19/9/2016 14:06

names have crossed to Nominet;

Registry still has M+M at 754,974
And Backend is at 583,763

[treble in 1999] 19/9/2016 14:03

Anyone else notice that .work, .casa, .miami no longer on the back end registry, and a few lesser known ones. We did own them or partner them

I just wonder what the nTLD Stats is up too.

[hjb1] 16/9/2016 09:37

yes, lazy Berkins back peddles in double quick time ha ha!! He has an agenda against MMX so I never take notice of his ramblings anyway...

[davemake] 16/9/2016 09:27

UPDATED: Minds + Machines Lost Registrations Result of Registry Deletions Not Non-Renewals

"Today we were informed by Minds + Machines that the deleted domain names were not the result of non-renewals; but was the result of Minds + Machines “unwinding its Emerald Names initiative and moving premium inventory back into the retail channel that were previously held through Emerald.”"

[hjb1] 14/9/2016 18:49

as someone said, "Unless I am wrong, all these new gTLDs don’t come up for renewal the same week. I think the reason of this is different".
Others have said it could be the emerald names routed elsewhere?
No panic either way!

[waterloo01] 14/9/2016 18:33

That's some pretty heavy churn and very limited new registrations outside of VIP (which has seen it's spike). If something similar happens with VIP, it will be carnage in 10 months time. Luckily they have cash, so that's not an issue.