Minds + Machines Share Discussion Threads

[chimers] 17/8/2017 14:41

Is Malta a tax haven ;) ?

Hey answer quick ok when did talk of a deal or whatever begin here ? what date ? when was the first hint of one happening ?.................I have my reasons :)

[chimers] 17/8/2017 14:38

Anyway 10.5m options transferred to an offshore company at PRE takeover value.

Not illegal ,perfectly natural to want to deny the taxman the fruits of your labours.

I do the same with me window cleaning round.

It tells me that things are nearly done and a deal is imminent.

[chimers] 17/8/2017 14:34

Yeah we know Canvey Island.
Jellied eels and bedsits.

[chimers] 17/8/2017 14:24

Jersey, Isle of Man, Cayman Islands, Rockall, Canvey ............

[chimers] 17/8/2017 14:23

Where is the company based ? Offshore no doubt.

[simonsaid1] 17/8/2017 14:22

How does transferring the options to a solely-held company help with tax? Genuine question.

[chimers] 17/8/2017 14:14

Making sure he dont get fisted by the taxman when he flogs his options by the look of it.

Means the Endgame is near.
First thing you do is make sure your own house is in order and your snout and trough are firmly cojoined.

[chimers] 17/8/2017 14:11

Here we go ACTION STATIONS!!!! Voop Voop Voop

[isaseeya] 17/8/2017 13:48

yup quiet day jackson83 but not long to wait now. Easier than working for a living haha

[eh9] 17/8/2017 08:09

Cinc freed up space for mmx leadership in a merger

[chimers] 17/8/2017 07:29

CNIC gets rid of the 'token' woman.

[chimers] 15/8/2017 19:58

Leave me out of it!!

[chimers] 15/8/2017 15:20

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] 15/8/2017 15:08

ST first flagged BUR at 146p and they're now at 1175p. So you'd have got a very good return on even a small amount.



Nobody is infallible. But ST does have a good record overall and is well worth following.

Obviously well worth wrapping your own trading rules around his tips and not blindly following them.

The original point really was: the opinion of a random BB poster whose opinions are biased by his own historical losses in a share are less credit worthy than those of a prize winning financial journalist with a decent record of success and a large following.

[simonsaid1] 15/8/2017 14:55

Good picks Chimers. ST has an excellent track record and no doubt MMX will prove to be one of his greats.

As you say, FPO is solid money, just taking a while. Bango is an awesome company and the stock not as crazy as it looks - the MM for that share maintains a wide spread, so while it looks volatile, most of that's just the spread. Look at the Buy or Sell price evolution in isolation throughout the day and they're not that crazy. I have no idea why the spread is like that.

But no question in my mind, Simon Thompson's best current tip is MMX in terms of quick profit (and there's no better kind of you time your investment right!).