Share Name Share Symbol Market Type Share ISIN Share Description
Minds+Mach LSE:MMX London Ordinary Share VGG614091012 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +2.17% 11.75p 11.50p 12.00p 11.75p 11.50p 11.50p 983,201 13:11:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 4.3 -6.8 -0.8 - 82.10

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Date Time Title Posts
20/10/201619:18Minds & Machines a pure play for TLDs2,984
13/10/201610:25MIND MACHINES GROUP21
25/9/201615:09Minds+Machines Group Limited32

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21/10/2016 17:12:4511.77223,41926,304.24O
21/10/2016 16:41:4311.773,386398.65O
21/10/2016 16:40:2611.7715,3541,807.70O
21/10/2016 16:40:1111.777,841923.16O
21/10/2016 16:39:5711.773,386398.65O
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Minds+Mach Daily Update: Minds+Mach is listed in the Media sector of the London Stock Exchange with ticker MMX. The last closing price for Minds+Mach was 11.50p.
Minds+Mach has a 4 week average price of 12.31p and a 12 week average price of 11.62p.
The 1 year high share price is 13p while the 1 year low share price is currently 6.63p.
There are currently 698,753,809 shares in issue and the average daily traded volume is 736,135 shares. The market capitalisation of Minds+Mach is £82,103,572.56.
maywillow: Minds + Machines completes tender offer 08:02 12 Oct 2016 As Elvis might have said had he been a Londoner, "I love m'tender". Pound and share price The shares were purchased at a small premium to the prevailing market price Minds + Machines Group Ltd (LON:MMX) said it has completed the tender offer and subscription it unveiled alongside its interim results last month. In all, £13mln was spent purchasing 100mln shares, of which 57.7mln have been cancelled, with the remainder being snapped up by a subsidiary of Chinese investment group Hony Capital, which now holds 7.2% of the Aim-listed internet registry business’s enlarged share capital. The company revealed that tenders for the regular entitlement of one ordinary share for every 7.56 shares were met in full. Shareholders who wanted to sell back even more of their holdings sold extra shares on the basis of one for every 22.09 shares held. Shares in Minds + Machines opened 0.1p lower at 12.27p on Wednesday morning.
ftangftang: significant trading volume and some movement for the share price looks interesting cheers ft ft
glasshalfull: As a holder of CNIC I keep an eye on MMX. Found the undernoted blog this evening from AVC, departing CEO, that I felt should be highlighted to MMX holders, alongside one of the comments from a former Director. I've no position & no comment to make on the company. Posting as a courtesy. Kind regards, GHF --- Http:// Home / Blogs I Got Fired Feb 22, 2016 12:00 By Antony Van Couvering It's a story told a thousand times: founder of a company ousted by investors. It's a story so common you can find it any day of the week as a minor headline in a tech blog. Not much of a story at all really, until it happened to me. Minds + Machines, the company I founded in 2009, informed me last week that I was no longer wanted as CEO. Without going into details, which I can't, there were differences and disagreements. Still, it was a surprise. All the plans, the hopes — pfhhht! into thin air. It sucked. Now what? New gTLDs are barely birthed. The industry is very young. Twelve million new gTLD names have been sold in just about two years. That's nearly 5% of all domain names out there. What reasonable person doesn't expect that to rise to 20% or more within the next few years? There's a lot of opportunity in the field. And yet there are some signs of desperation out there. Demand for new gTLDs hasn't been what anyone expected. Many single-TLD registries, though not all, are hurting. Many registrars still do not fully support new gTLDs that aren't plain-vanilla .com clones. ICANN continues to treat registries and registrars as unpleasant necessities despite the fact that its sky-rocketing budget is underwritten by domain name sales. No breakout awareness of new gTLDs has yet occurred and until it does marketing new gTLDs may feel as useless as pushing a piece of string. Even so, the larger players in our industry continue to be very bullish: .shop went for more than $40M, .app went for $25M and a secondary market in new gTLDs is heating up fast. Existing registries, and companies outside the space, are on the prowl. Despite the perceived lack of demand, some people are clearly seeing a lot of value in new gTLDs. Why the disconnect? It's a matter of perspective, and cash. Owning a registry, or even better a portfolio of them, is a fantastic long-term business. Those who can't think long term (no cash) or won't (no vision), will not be well served by what's to come. What kind of registries are out there, and how will they fare? Below I've listed some of the major types of commercial models (non-brand) that exist today, and what their prospects are; there are also hybrids of these models. Registry as a technical function, concerned with infrastructure and service levels; this is what ICANN would prefer, but it's a commodity function with little on-going value. Increasingly, this will be an outsourced service with lower and lower prices. Registry as a domainer play: the registry is essentially an unlimited portfolio of names, and like a domainer you can price your inventory, park it, and wait for the right buyer to walk through the door. This model is concerned with understanding the value of each name and pricing it for maximum return. It also requires staying power and self-sufficiency; impatient investors are going to have a hard time with this model. Registry as supermarket. Sell it super-cheap or give it away and try to win on large volumes with low margins. Because low prices disproportionately attract fraudsters, this approach is problematic but in the short term at least it seems to be profitable. In terms of resale, however, it may be a poisoned well. Registry as small business. Make some nice signs, tell some friends, try to get good shelf space at the local store, take out some stands at trade shows, get some testimonials, keep the costs down, and build the business over time. This can work if there are no investors, or if they are angel investors looking for a nice ongoing income in the future. Having a single TLD instead of a portfolio is actually an advantage here. Registry as part of a bigger plan. Naming is part of a vaster ecosystem that includes the branding, positioning, marketing, selling and licensing of companies, goods, and services on the Internet. And, importantly, it includes Internet governance. It takes no great power of observation to see that being a big registry, essential to commerce and communication on the Internet, contributing substantial amounts to ICANN, gets you a privileged seat at ICANN, at the center of things when it comes to deciding what the Internet will look like in 10 years. That's actually worth a lot, but it's only available, or useful, to the biggest players. 2016, I predict, will be filled with new gTLD acquisitions. Buyers of new gTLDs see bigger players coming to gobble them up down the road, paying a premium for size, diversity of portfolio, and market leadership. They think TLDs are still a bargain, even in the aftermarket, and they are out there trying to make deals. If a registry, of any size, is not a buyer, then pretty soon they will either be a seller or a small player. Existing portfolio registries have basically two ways to go. One option is to build up the TLDs in the existing portfolio, treating them as a collection of small businesses, and hope that they become self-sustaining and will fetch a decent multiple of profits in an eventual sale. A better option would be to treat today's highly fragmented ownership of new gTLDs as an opportunity to continue the portfolio-building that began with the first applications, acquiring good TLDs that are selling cheap now, keeping focused on the long-term value. Back to me getting fired. It still sucks, but I'm seeing some silver linings already. I'm going to take a break, re-connect with friends, and consider what's next. If you have condolences, thoughts, ideas, or just want to reach out, my new email address is By Antony Van Couvering ---- Keith Teare – Feb 22, 2016 7:45 AM PST I like this article-a lot. Like Antony I too am an ex-MMX board member. Perhaps I am a little less diplomatic. The investors who have conspired (that is the right word) own over 50% of the public company. They have forced stock buy-backs, fake share price support, inclusion of non-qualified board members, exits of highly experienced domain experts (Elliot and myself and now Antony). Their actions are probably illegal under AIM rules about conspiracy of investors, which is deemed to be a back-door takeover. And now they have hired a PR guy (I love you Toby but good as you are at investor relations you are no MMX CEO). Its a disgrace that no journalist has dug into this....and that no lawyer or regulatory body has seen fit to expose these highly illegal maneuvers. And all that aside, they are highly unlikely to be able to sell the asset or grow it. This is activist investors in toy town playing at being in control, but with no knowledge of the market they seek to prosper in. It makes me ashamed to be British!
smarm: So cash down and share price down after buybacks. Well, I did say buybacks don't achieve very much. It's a cheek running a heading: 'returning capital'. Why only quoting dollars? S
treble in 1999: To me it is no surprise that the share buyback is at these prices. Fred unloaded 20% of the company, and it was only purchased along the way by the institutions, on the basis a share buy back was likely, and they could then reduce their exposure. They don't like to hold to high a percentage. At this rate its likely to take another 6 months to complete. Of course if the share price rises, then it will be less as the monies are expended quicker.
treble in 1999: There is another buyer and seller around. In my opinion, the share buy back by the company is not aimed at increasing the share price short term, but more growth for the long term holders long term(institutions). I expect them to continue to hoover up the shares that are being sold, so as not to depress the price. Fred's shares had to go somewhere short-term, and I don't think they were all long term buys.
johnma: Post from David Weill former MMX director Chart looks greatjust looked at the MMX price chart and the fact that the share price held around 10p and is now recovering well from there actually looks quite healthy. I am not much of a technical analyst but if volume and price both pick up on this rally I think we will see a large move up. The fundamentals like earnings, sales, roll out, etc. all support a much higher share price in my opinion - like 3 to 4 times where we are now for a fair value. I am looking forward to the earnings announcement hopefully soon. We had the ICANN auctions which validated the comments that I made relative to where I thought TLD's of good quality were trading in Private Auctions - and keep in mind that these are by definition wholesale prices that only applicants are eligible to bid on. We have had a successful launch of dot London that is right on my expected 40k estimate with more in the works from premium names. The next validation will be the really big one which is earnings. Some of the III bears on the sharekeep saying show us the numbers - well I think that this will resolve that last point. I think sales revenues largely from Private Auctions were £8-10mm and profits will really depend on marketing spend, but these results are nothing short of stellar if my estimates are correct.Add to this the visibility of being able to see our sales figures on a virtual daily basis and I think we can conclude that we are truly on to a winner with MMX.
finethings: I confidently predict the MMX share price will rocket back up to 16.5 this afternoon!
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