Minds + Machines Share Discussion Threads

[chimers] 12/9/2017 07:10

Minds + Machines Group Limited

("mmx" or the "Company")



China premium sales update



Minds + Machines Group Limited (AIM: MMX), one of the world's leading owners and operators of Internet Top-Level Domains ("TLDs"), is pleased to announce that since the release of its 2017 premium inventory for China in late June 2017, premium sales in excess of $3.4million have been achieved in .vip, of which approximately $2.8million has closed in the last 10 days.



Toby Hall, CEO of MMX commented:

"We are building a strong, long-term, annuity based business with each of our regions now contributing well to the renewal revenue mix.



"The exceptional renewal rates achieved in China in H1 are, in no small part, a direct result of the premium pricing policies introduced at the launch of the .vip TLD. The significant interest we are now experiencing in our 2017 premium inventory allocation follows our recent Beijing approval and, we believe, lays down further foundations for strong recurring revenues in subsequent years from the region.



"These latest sales also mean we are making excellent progress towards achieving management's top-line billing targets for China for the current year, with more than 60% of our 2017 China premium allocation now sold in recent weeks. These sales, along with the launch of .boston in October, will however further accentuate the H2 weighted nature of our business as we now enter the main renewal seasons for our leading properties in Europe and the US."



Outside of China, management is encouraged by the interest now being shown in its premium inventory in the UK and US following the introduction of its revised premium pricing policies earlier this year.



mmx will be announcing its unaudited interim results for the six months ended 30 June 2017 on Tuesday 26 September 2017.

[wallst wally] 11/9/2017 09:54

what makes you think we will know the result of the strategic review before Sept 26th, this share is not behaving like a company immediately prior to a takeover?????
I haven't got a mum

[waldron] 11/9/2017 06:25

hotaimstocks
10 Sep '17 - 19:21 - 669 of 670 0 0
Strategic review news / takeover news will be with us sooner than you all think ok ... Before the 26th and mums the word on the exact date
hotaimstocks
10 Sep '17 - 23:47 - 670 of 670 0 0
Wow .... 😃

[sarkasm] 10/9/2017 18:12

suneday nice post

imformative and to the point

thumbs up

[suneday] 10/9/2017 17:42

From what they said there will be an update on the strategic review on 26th. September along with interims. They say it is progressing according to time-lines.
Unless anything more immediately meaningful to report.

[isaseeya] 10/9/2017 17:13

Expecting a bounce from here. MMX dropped 5% on zero news and zero volume?! Just before potential take over or merger news... It looked like MMs just wanted to take advantage before any further news is released. I could be wrong of course but expecting a quick recovery upwards as they won't want to sell you shares this cheap.

[sarkasm] 10/9/2017 16:37

jamesto2
10 Sep '17 - 16:30 - 662 of 662 0 0


YIPPEE WELL DONE J

great but not really mmx imformative

i guess we will get there before month end though

[sarkasm] 10/9/2017 16:02

hotaimstocks
10 Sep '17 - 15:58 - 659 of 660 0 0
In free fall mode again !! VIP , WORK and CASA dropping like stones again ?? Not good for MMX or its investors


SSDD

but CASA has a homely ring to it

[sarkasm] 10/9/2017 15:58

SAT

The company has new supporters. Oryx International Growth Fund (OIG) and Harwood Capital, which are both run by Christopher Mills, have taken a 10.6% stake in Satellite Solutions. These shares were sold by Candy Ventures.


would Christopher MILLS be running a concert party by way of ORYX AND HARWOOD thereby holding
nearly 17pc of MMX

[sarkasm] 10/9/2017 15:58

Satellite Solutions Worldwide (SAT)

Satellite Solutions Worldwide (SAT) has continued to make add-on acquisitions to its broadband supply business, but failing to bring out full-year results on the day they were due does not inspire total confidence. The results were published the next day, but it is never good to create uncertainty. More positive news should help this to be forgotten.

Satellite Solutions is on course to reach 100,000 customers by November. The latest trading statement for the six months to May 2017 shows it nearly quadrupled recurring revenues of £19.4 million out of a total of £20.6 million. Like-for-like revenue growth was 13%. Net debt as £13.2m at the end of May 2017.

The company has new supporters. Oryx International Growth Fund (OIG) and Harwood Capital, which are both run by Christopher Mills, have taken a 10.6% stake in Satellite Solutions. These shares were sold by Candy Ventures.

New broker Numis has recently initiated research on Satellite Solutions. There appears to have been a forecast downgrade when compared with the former Arden forecasts. Further acquisitions have been made since the Arden forecast, but the Numis profit estimate is lower, whether in terms of EBITDA or pre-tax profit. A pre-tax profit of £400,000 is forecast for this year, rising to £1.3 million next year.

The company has built up strong market positions in the UK, France, Norway and Australia. This is a business where the long-term recurring revenues are the key and these are growing strongly.

[sarkasm] 10/9/2017 15:48

Oryx International Growth Fund Limited 52,550,000 6.94%