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
  +0.00p +0.00% 13.50p 13.25p 13.75p 13.50p 13.50p 13.50p 114,921 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 12.8 -1.9 -0.5 - 94.33

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Date Time Title Posts
22/8/201700:16Minds & Machines a pure play for TLDs4,842
19/8/201720:49MIND MACHINES GROUP554
25/9/201615:09Minds+Machines Group Limited32

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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 13.50p.
Minds+Mach has a 4 week average price of 12p and a 12 week average price of 11p.
The 1 year high share price is 14.38p while the 1 year low share price is currently 8.50p.
There are currently 698,753,809 shares in issue and the average daily traded volume is 1,083,438 shares. The market capitalisation of Minds+Mach is £94,331,764.22.
chimers: The same is true of Minds + Machines (MMX:12.5p), a service provider in the domain name industry focused on the new top-level domain (TLD) space. The share price has risen by 56 per cent since I included the shares at 8p in last year’s portfolio, and although the price has flatlined since my last update ('Small-cap gems', 13 Jun 2017), there look to be very decent prospects of further upside for a number of reasons. Firstly, the company has just revealed that first year renewals of its .vip domain are running at 75 per cent with over 317,000 registrations taken in the first month alone. That’s not only well ahead of competing Chinese-focused new TLDs, but is ahead of industry leader Verisign (.com and .net domains) which just reported renewal rates of 68 per cent. This is important because revenues from .vip accounted for 59 per cent of the company's gross billings last year, so with renewal rates robust, and after factoring in renewals across Minds + Machines' entire portfolio of 29 TLDs, analyst Harold Evans at FinnCap believes the company’s full-year renewal revenue could rise by 60 per cent to $6.1m (£4.7m) and exceed its operating costs, thus achieving a key target of the board. The launch of Mind + Machines’ .boston geographic TLD is scheduled for later this year and can only be positive for future billings too. Secondly, a couple of months ago the company appointed US investment bank Headwaters MB to review various strategic options to maximise value for shareholders including a posssible acquisition by or sale/merger of the company (‘Corporate activity boosts bargain shares’, 31 May 2017). Discussions are ongoing with “a number of interested parties from Asia, North America and Europe” and I firmly believe that any deal will place a value on the equity well in excess of the 13p a share that Goldstream Capital Management paid last year for its 6 per cent stake. Goldstream is owned by Hony Capital, a leading Chinese private equity company. As Mr Evans rightly points out with operating costs set to be covered by renewal revenue then Mind + Machines is “potentially a high-margin business – a 50 per cent operating margin is not unrealistic in the coming years”. He also calculates that even if the .vip domains under management are maintained at the current level of 824,000, this could generate $8.8m (£6.9m) of annual billings, and suggests a valuation of £57m for .vip alone. To put this valuation into some perspective, Mind + Machines’ entire portfolio of 29 TLDs including .vip is only in the books for $45.6m, or £35m at current exchange rates, and the company also has net funds of £12m on the balance sheet.
tromso1: He's just bitter because he lost money on the share previously simonsaid1. He was "heavily invested" and held on as the price feel steeply way back in 2014. He now feels the need to get even by deramping the stock. Even though the situation is now completely changed and 18p+ is on the cards short term. He can't remove his posting history from LSE (below) but doesn't want to make the same mistake twice so deletes all posts shortly after he's written them. --- MMX optimism? 17 Dec '14 I am heavily invested here and have been for more than a year now. I am also happy to be patient with this, im just struggling to see how a share price can drop from 20p to 7p and there still be so much confidence. I understand a business is being built but when the share price was 20p there was no revenues at all and essentially the market was reacting to news. Now any time news comes out there is no reaction whatsoever. I will be interested to see how next year turns out to be honest.
chimers: CentralNic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses. Its share price is 51½p and this should rise considerably as the business expands. The first top-level domain (TLD) was .mil for the US military. Then American universities were given .edu and the US department of commerce .com. That was back in 1984. Country codes were also established, such as .fr for France. Few people back then had any idea how integral the internet would become to everyday lives, so a number of countries sold their codes to the first available buyer. Centralnic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses +2 Centralnic is a big player in a vital part of the internet. The firm owns and sells top-level domain name suffixes, the letters that immediately follow the dot on website addresses By the mid-1990s, a brisk trade had developed in these codes, and the founders of CentralNic – UK property developers by profession – spotted an opportunity. Over the years, they built a registry of top-level domains, such as .fm – originally for the Federated States of Micronesia, a country of 600 islands in the Western Pacific, but popular with radio stations – and .la – originally for Laos, but popular with firms in Los Angeles. The business ticked along nicely, but in 2012, the domain name industry began a process of radical change, when the powers that be – under the auspices of a global body called The Internet Corporation for Assigned Names and Numbers – allowed people and organisations to create their own top-level domains. The process is long and arduous to deter rogue or foolish requests. Applicants must pay $185,000 (£140,000) just to apply for a new, top-level domain, and must pass rigorous checks to ensure they are bona fide. Today there are about 1,200 new, top-level domains and CentralNic is the world’s leading distributor, with six of the top 20, such as .online, .website and .xyz. The company was listed on AIM, London’s junior stock exchange, in 2013 when the domain name revolution was just starting. The shares were priced at 57p and CentralNic was purely a distributor. In other words, it sold the right to use these suffixes to website registrars such as the American firm Go Daddy or the German firm 1&1, which then sold them to individuals and firms. Today, there are 100 million websites worldwide, most run by North Americans or Western Europeans. But firms in emerging markets are rapidly moving online Recently, however, CentralNic has expanded into the end-user market, becoming both a wholesaler and retailer. At the end of 2015, the firm paid £18 million for Instra Group, an Australian-based domain name registrar aimed at emerging markets. The acquisition was astute. The rules surrounding domain names may sound complex and arcane, but no one can set up a website without licensing a top-level domain from a registrar. Today, there are 100 million websites worldwide, most run by North Americans or Western Europeans. But firms in emerging markets are rapidly moving online. As they do, they need a reliable registrar. Having acquired Instra, CentralNic is well positioned to benefit from this as thousands of businesses in regions such as Asia and the Middle East launch websites. The acquisition is already reaping returns. In 2016, CentralNic’s turnover rose 113 per cent to £22 million, while underlying profits were up 68 per cent to £5.5 million. Further rapid growth is expected over the next few years, both organic and from future acquisitions. Annual costs for licensing a website address are modest, but firms tend to stick with the same provider and pay in advance, so revenues are solid and predictable. Most providers offer related services too, helping customers build and manage websites, for a fee. There are hundreds of small firms operating in the top-level domain industry – some owning the names, some distributing them, some selling them to end-customers. But the sector is expected to consolidate over the next few years, creating a handful of dominant players. CentralNic, run by ambitious Australian Ben Crawford, is keen to participate in the consolidation process. If all goes well, that should mean expanding to a certain size before being taken over by a giant in the industry. Midas verdict: CentralNic did not have the easiest debut on AIM. The shares doubled in the first few months, only to collapse to 25p as enthusiastic buyers came and went. Today, however, at 51½p the stock is a bargain. Crawford’s strategy is entirely logical and the shares should go far. Buy.
simonsaid1: Lol, share price spikes >30% in 3 weeks, and this guy wonders why someone is selling. They're taking profits, idiot - lots of people do that when a share price rockets. This does not mean they have some 'insider knowledge' that it's about to collapse. You're clutching at straws. Of course, this comment will make no sense, because 'hotaimstocks' will edit his post to '.' in 5... 4... 3... 2... 1...
simonsaid1: 'hotaimstocks' - we all know who you are and this is one of your long list of accounts (hotpotato1, captainaim, usainvestordomain...). You're being investigated. Stop posting such rubbish and then replacing it with a '.' when you're called out on your BS. You are not going to tip this price down, the investment case is too obvious now. The share price is not 'tanking', it has risen hugely in the last 2 weeks and simply stepped back slightly this morning in line with election panic. It has climbed back now and is less than 1% down on daily. To everyone reading his cr*p: There is absolutely no reason to suspect 'failed merger/sales news'. The company is just released fantastic renewal figures and will benefit from today's weakening in sterling - timing is perfect for M&A activity. Also remember that this is voluntary, MMX wouldn't have taken on an investment banker and wouldn't be looking at M&A offers if the offers weren't shareholder accretive (remember management has a lot of stock).
chimers: Now that its last weeks fish and chip wrapper here is what ST at the Investors Chronicle had to say re MMX. "Strategic review presents buying opportunity at Mind + Machines Bowleven is not the only company in my 2016 Bargain Shares Portfolio that has been benefiting from corporate activity. The same is true of Mind + Machines (MMX:11.25p) A service provider in the domain name industry focused on the new top-level domain (TLD) space. I last advised buying the shares at 9p a few months ago ('Eight small-cap plays', 27 Mar 2017), having first included them, at 8p, in last year's portfolio. I also advised tendering 13.2 per cent of your holdings back to the company at 13p last summer, the proceeds from which I then advised using to exploit the unwarranted subsequent pullback in the share price earlier this year ('How the 2016 Bargain Share Portfolio fared', 3 Feb 2017). That decision has paid dividends after the company's board announced at the tail end of last week that it has appointed US investment bank, Headwaters MB, to review various strategic options to maximise value for shareholders. It's well placed to do so, having restructured the business into a pure-play registry business offering lucrative income from a valuable portfolio of 29 TLDs. Annual operating costs have been slashed by half to a run rate below $6m since the start of 2016, and with billings doubling to $15.8m last year, the company turned in underlying cash profits of $3.6m, a move into profitability that is sustainable. Indeed, the company's .vip domain registrations are set to continue the heady growth rates seen since launch 12 months ago and surpass the 1m mark sometime this year, up from the current level of 817,000. Registrations are up 40 per cent so far this year and the company is targeting other territories within Asia following .vip's success in China. There is potential for further growth outside Asia to build the US and European portfolio which is already showing 37 per cent registration growth year-to-date with existing and committed registrations now around 350,000. For example, the launch of the company's .boston TLD is scheduled for release in September. The point being that the monetisation of the portfolio is not being reflected in the share price, one reason why Minds + Machines attracted a major investment from Goldstream Capital Management, a company owned by Hony Capital, a leading Chinese private equity company, which invested £5.5m to acquire 42m shares priced at 13p last summer. Indeed, Minds + Machines retains net cash and trade receivables of $23.2m, a sum worth 2.6p a share, and its conservatively valued portfolio of 29 TLDs is in the books for $45.6m, or 5.1p a share. This means that the shares are only rated on a modest premium to book value even though the company has turned profitable, posting underlying cash profis of 0.5¢s (0.4p) a share in 2016, and has some very valuable geographic TLDs to monetise including: .london, .miami and .bayern. The bottom line is that the strategic review may include, but not be limited to, an acquisition by or sale/merger of the company and one that I fully expect to value the equity way in excess of the 13p a share Goldstream Capital Management paid last year for its 6 per cent stake. Buy."
the grumpy old men: May 25, 2017 Sarah Corning The EBITDA Yield for Minds + Machines Group Limited (AIM:MMX) is 3.24%. This number is calculated by dividing a company’s earnings before interest, taxes, depreciation and amortization by the company’s enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The EBITDA Yield is a great way to determine a company’s profitability. Another useful indicator to assist in detmining rank is the ERP5 Rank. This is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of Minds + Machines Group Limited (AIM:MMX) is 8892. The lower the ERP5 rank, the more undervalued a company is thought to be. Looking further, the MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of Minds + Machines Group Limited (AIM:MMX) is 6068. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”. Piotroski F-Score The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of Minds + Machines Group Limited (AIM:MMX) is 6. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover. Gross Margin The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of Minds + Machines Group Limited (AIM:MMX) is 64. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score. Price Index The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Minds + Machines Group Limited (AIM:MMX) for last month was 0.90698. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month. If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Minds + Machines Group Limited (AIM:MMX) is 1.02632.
sarkasm: May 24, 2017 Lenox Staff Minds + Machines Group Limited (AIM:MMX) Valuation at a Glance Checking in on some valuation rankings, Minds + Machines Group Limited (AIM:MMX) has a Value Composite score of 67. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 52. Technicals In taking a look at some other notable technicals, Minds + Machines Group Limited (AIM:MMX)’s ROIC is 0.226484. The ROIC 5 year average is -0.701443 and the ROIC Quality ratio is -5.223920. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. ROIC helps show how efficient a firm is at turning capital into profits. We also note that Minds + Machines Group Limited (AIM:MMX) has a Shareholder Yield of 0.087663 and a Shareholder Yield (Mebane Faber) of 0.07484. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The second value adds in the net debt repaid yield to the calculation. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use shareholder yield to gauge a baseline rate of return. Minds + Machines Group Limited (AIM:MMX) has a current MF Rank of 6068. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. We can now take a quick look at some historical stock price index data. Minds + Machines Group Limited (AIM:MMX) presently has a 10 month price index of 0.98734. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 1.02632, the 24 month is 0.95122, and the 36 month is 0.82105. Narrowing in a bit closer, the 5 month price index is 0.88636, the 3 month is 1.01299, and the 1 month is currently 0.90698.
transhoneyqueens: Hots hjb1,i don't think codeine is strong enough to ease the pain of mmx share price . Have you tried L.S.D, I'm sure if your high on that ,the mmx share price could easily hit £2 or more .
hotaimstocks: There is a well connected poster over on LSE board names Dweill he knows the full story re domains and our low share price .. we only know a fraction of what this company are doing and some believe without a buyer we could go bust ... this share is low for a reason .... in 18 more months the company has a goal to cross over into profit ? can we believe them this time .. nobody knows .. ask yourself why the share price is near the years low ? also large sells on friday...
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