Minds + Machines Share Discussion Threads

[waterloo01] 15/1/2018 17:07

Will beat $15m as they said had done close to that by end 3rd Q. I suspect the issue with the review is the price. Given my average I'd be delighted with 15p, but I doubt the BOD and warrant holders would be, and to make a decent 'turn' the offer would need to be well over 20p (all IMO).

And there maybe is the 'issue'. They want/need full value but buyers want a bargain (especially given the lowly market cap).

so unless they go on some daft buying spree, they could/should do what they stated in the last results and do exactly that, buy backs/special dividend and an enacted dividend policy.

That would attract more buyers, get the share price up and then maybe they/we will get North of 20p?

All PURE speculation.

[hjb1] 15/1/2018 16:54

I think overheads could be closer to $5m, though I reckon rev will be a little lower at $15/17m. I also don't see a divi policy anytime soon though a one off special divi is do-able.Anyway, it's all very positive news to come, and of course the review too.
I will be happy for a buyout at anything above 15/16p, could (hopefully) be miles out there too, especially when GoDaddy bought 300k (some dross too) names for $50m @ $167 apiece.Many in the game say $167 is way too cheap too!

[waterloo01] 15/1/2018 16:05

Agree but if you look at the numbers they could be even better (but probably won't be).

2016 revenues (post partners) $14m. Gross profit $11m on an 82% GP. Overhead costs now down $6.5m. They also reported that they had bought back $20m of shares and hence cash end year was $15m.

For 2017, they say in the last results that overhead costs would be capped at $6m. I think revenue could be $18m-$20m. If they maintain 82% GP would give GP of $15m-$16.5m, so in theory EBITDA could be closer to $10m!

Now that is definitely too high an expectation!

I also hope they will either do another share buy back or start dividends (as suggested in last years finals).

[hjb1] 15/1/2018 15:46

Water, I see value too, lots of it, but I don't want expectations to be too high.

[waterloo01] 15/1/2018 15:40

hjb1, at this share price most are already there in terms of disappointment! I see value here as I suspect do others.

[treble in 1999] 15/1/2018 15:40

we had nearly 15m in cash at half year, i suspect we could be over 20m.

[hjb1] 15/1/2018 15:29

Blimey! there are a few going to be disappointed if you think it's over $25m in cash.I can't see over $2.5m either, just my opinion and hope I'm wrong!

[waterloo01] 15/1/2018 15:17

I'd say they should do better than $2.5m profit and over $25m in cash?. A lot of the billing is 2nd half waited and they have bought the cost base down already so could beat to the upside of that, regardless it will be a maiden profit. Maybe time to reveal any corporate actions?

[treble in 1999] 15/1/2018 14:49

We got 3.4m from the sale of some premium names and by my calcualtion should have about $1 from .Boston (100k for the first 2000 names at commencement).

think we'll be beyond $2.5m

[jackson83] 14/1/2018 09:14

MAYBE ITS TIME FOR MMX TO UPDATE US ON THE REVIEW ?? ITS ALL ABOUT THE REVIEW LOL

[waldron] 13/1/2018 17:25

TALK OF A TRADING UPDATE BEFORE MONTH END

[hjb1] 13/1/2018 15:31

Below $2m for me, between $1-1.5m,.... which is great from where they were one or two years ago! Update coming soon.

[jkzip] 13/1/2018 15:10

Would estimate profit to be around $2.5 million which would be decent achievement!

[hjb1] 13/1/2018 13:28

No, there won't be a 4m profit anytime soon!!

[jamesto2] 13/1/2018 13:15

should see a 4m profit very soon & a bargain at 8p

[treble in 1999] 12/1/2018 20:14

Well guys, last years update 24/1.

Not long now.

Pile in or sell??

I'm in.

1.4m names and rising.

Good luck us holder's

[jamesto2] 10/1/2018 15:35

Chimers this is your last chance to double you cash 💰👀.. This really is a BARGAIN LAD ...STRONG BUY

[hotaimstocks] 10/1/2018 15:20

Chimers - 8.24p to BUY in now ( it's ticky up a tad ) be quick it's on the rise from today ... Last chance to join the party ..STRONG BUY something going happen me thinks

[waterloo01] 10/1/2018 15:03

Numbers last year were on the 25th Jan. Certainly a maiden profit (as stated in last update) so should rerate. Given what has been paid recently for a similar business these could fly on some interest. Very under followed.

[hotaimstocks] 10/1/2018 15:00

Maybe MMX is getting ready for the BULL RUN I bought a few more 25k shares .. it could fall back to 7p ? I think that it has more chance of 8.5p very soon and then who knows it may even spark new buyers and rise fast very soon ( crystal ball ) says it's going up from today lol ...

[waterloo01] 10/1/2018 14:52

The directors must be in a closed period still with numbers and the review, otherwise I'd expect them to be buyers. I'd love to know where they are with their thinking. Where are they with the next China based name aka VIP but guess will have to wait numbers (should be in profit).

One suspect that one of the issues here might be the options and warrants, in that I think a lot don't come into the money unless North of 15p? Is that the block, in that they want/need a decent offer well over 15p equivalent? Regardless I don't think any of the options/warrants are in the money much under 10p.

Still nice quite board.

[jackson83] 09/1/2018 11:36

update needed on progress with the review to keep us invested now ??