Minds + Machines Share Discussion Threads

[davr0s] 25/1/2018 17:43

Where's the man with the faulty keyboard that only does block capitals

[hotaimstocks] 25/1/2018 17:14

Maybe some big late reported trades as no stock available

[hotaimstocks] 25/1/2018 17:11

hjb1 - maybe a buyer will cough up 100 million for MMX before April

[hjb1] 25/1/2018 15:32

well GoDaddy bought 300k domains for $50m recently, making it $167 per name.There are some commentators who reckon that $167 is too cheap too!

[glasshalfull] 25/1/2018 13:03

I’ve been a recent buyer but don’t post on this thread after providing some analysis which was swamped by over 400 nonsense posts.

Glad strategic review now appears to have an end date. Over a year is long enough. Strength in recurring revenues aligned with improved cost base place the valuation v favourable in comparison with the likes of Verisign.

It only has a £34 per domain valuation compared to £54 per domain for Verisign...a 40% discount.

Margins also forecast to rise from 25% to 29% per finnCap update.

I’ll crawl back under my stone.

Kind regards
GHF

[waterloo01] 25/1/2018 11:38

I guess with the review, they will either sell up, merge or buy someone? IMV if the price is right (and it would need to be North of 20p) they would sell as the preferred option.

Much will depend on the next names and if they can find anything similar to .vip, regardless, and I'd like to see a broker note, they should be throwing off a 7%+ if not.

[waldron] 25/1/2018 09:25

The strategic review continues to progress and the benefits of consolidation in the industry remain. Whilst the longevity of the discussions has been at times frustrating, it is hoped that the process can be brought to a successful conclusion by the time of the full year results which are expected to be released in April 2018.



Toby Hall, CEO of MMX, commented:



"To have transformed the Company from a loss-making business to a profitable one on an ongoing basis within 24 months is an achievement the whole team should be proud of. 2018 has started positively and I look forward to updating shareholders in April with our strategy for building on this profitable platform and delivering value to shareholders."

[waldron] 25/1/2018 09:17

Minds + Machines' 2017 earnings to be slightly ahead of expectations
07:38 25 Jan 2018
full-year billings were roughly US$15.6mln; this was enough for Minds + Machines (MMX) to achieve its first year of profitability as an operating business.
World wide web
The number of domains under its management stood at 1.32mln, up two-thirds from 0.8mln at the end of 2016

Internet domains specialist Minds + Machines Group Ltd (LON:MMX) expects underlying earnings to be slightly ahead of expectations for 2017 after a strong second half.

Billings were in line with expectations in 2017 while profits were boosted by the company losing out on a couple of auctions for the rights to top-level domains (TLD); under the auctioning system, the winning bid for a TLD is shared out equally among the losing bidders.

By the end of the year, the number of domains under its management stood at 1.32mln, up two-thirds from 0.8mln at the end of 2016.

Billings in the second half of the year clocked in at around US$10mln, versus US$5.6mln in the first half, which meant full-year billings were roughly US$15.6mln; this was enough for Minds + Machines (MMX) to achieve its first year of profitability as an operating business.

The group said the mix of the billings also continued to improve, with the all-important renewal revenue rising to US$5.6mln from US$3.8mln the year before, while recurring income, for the first time, exceeded fixed operating costs, which management has been working hard to reduce.

Fixed operating costs in 2017 were slice to less than US$5.5mln from US$6.5mln in 2016.

Net cash at the end of the year had risen to US$15.9mln from US$15.3mln a year earlier, and the company noted that this was despite settling some US$3.1mln of balance sheet liabilities during the year associated with contracts that were restructured in 2016.
READ Minds + Machines investors await outcome of strategic review but Chinese progress success boosts confidence
READ Minds + Machines in discussions with bidders from Asia, North America and Europe
READ Minds + Machines confident of delivering maiden operating profit this year

The group launched a strategic review in May and acknowledged that this is taking a frustratingly long time but said it hopes to have concluded the process by the time of the announcement of the full-year results, which are scheduled to be released in April.

"To have transformed the company from a loss-making business to a profitable one on an ongoing basis within 24 months is an achievement the whole team should be proud of,” said Toby Hall, the chief executive officer of MMX.

“2018 has started positively and I look forward to updating shareholders in April with our strategy for building on this profitable platform and delivering value to shareholders," he added.

[jamesto2] 25/1/2018 09:03

Nice....Very Nice..
This share is very undervalued in my opinion and temporarily out of favour with the market. I’d expect to see a positive article in investors chronicle very soon from Simon Thompson or even inclusion in his bargain shares portfolio early feb. His rationale for including them in his 2016 portfolio should only be stronger today and the shares are trading at a similar level. Let’s hope this give the price a bit of a kick on the way to a positive update re the strategic review in March. ST has previously estimated 18p as a reasonable take out price

[hotaimstocks] 25/1/2018 08:53

if we can crack 9p then onwards and up 10p then who knows maybe a lot more & well done to the lucky ones who got in early today

[hotaimstocks] 25/1/2018 08:23

Trade & volume on the rise today as investors warm to the super news ( will top up again later )

[hotaimstocks] 25/1/2018 08:17

Nice....Very Nice..
Importantly, recurring income for the first-time has exceeded fixed operating costs which have been reduced to below $5.5 million for 2017 (2016: $6.5 million). This could be the year we see 20p

[hotaimstocks] 25/1/2018 08:11

maybe a special divi in April me thinks as the profits will roll in then STRONG BUY LADIES

[hotaimstocks] 25/1/2018 08:04

Wow ... Share price on the move and expect this to rise fast today

[waterloo01] 25/1/2018 08:03

I recon they will do about $7m full year profit.

[hotaimstocks] 25/1/2018 07:57

Chimers so you think it's worth me opening a short position today lol

[hotaimstocks] 25/1/2018 07:51

Chimers so what share price do you see MMX being from today / April ? 🤔

[chimers] 25/1/2018 07:50

You will find my SELL BGO posts in DEC AND JAN
You will also find my IM OUT or rather AMOOT advice re FPO as well.

Shame you dont try and read more often.

[chimers] 25/1/2018 07:49

To be precise...they are playing fast and loose with the facts and the numbers and giving you as little info as they think they can get away with.
Thats a red flag in my book.

Whats it in yours ?
A buy sign no doubt.

On you go then.

Dont say I didnt say.

Because IDS.

[glawsiain] 25/1/2018 07:48

I notice chimers has gone quiet on FPO recently having bought in at the height.
And yesterday claimed to have sold out of BGO in december despite ramping contantly since then. Last week didn't know the difference between miton the group and the funds they run.
Someone who should not have access to money - maybe his mum has taken it away. It would explain a lot.

[hotaimstocks] 25/1/2018 07:47

Chimers it was never 14.5p to sell ( porky pie being told yet again Sir ( 😱 )
Maiden Profit
Excellent progress - look forward to Toby Hall & the team, continuing to build up the Company and certainly hope to pick up more stock as funds become available.

[chimers] 25/1/2018 07:42

No need to thank .............its my pleasure.