Minds + Machines Share Discussion Threads

[jackson83] 04/10/2018 04:41

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:40

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:36

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:34

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:34

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:34

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:33

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:33

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:30

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:30

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:29

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:24

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:24

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:24

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:22

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:21

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:21

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:20

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:20

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:20

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:19

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:19

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
Reply to postReport post

[jackson83] 04/10/2018 04:19

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:19

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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[jackson83] 04/10/2018 04:19

Wed 15:07 Price: 6.50
sjlawley 43 posts
RE: SjL
I do NOT have any "inside" information of any potential current bids but what I think I am able to say without getting in any trouble is that I know there was an overlap between the bidders for ICM and the parties taking an interest in MMX and the commentary I was getting at THAT moment from some of the parties looking at BOTH companies was as follows, which makes clear sense and that helped inform the ICM holders decision to sell to MMX.
1) that ICM with its super predictable profit stream in an open market without its TLDs being adult in nature would probably command a $60-70MM valuation alone but as a stand alone with just 4 all adult Tlds suffered from what we/they called the "porn discount
", fairly or unfairly... We understood that even , as in reality EVERY ONE of the supposed "rude" names we had under management also was registered in .com/.net/.org and even say .uk but were "hidden" amongst other "regular" registrations. is a bit like when Satellite provider DirecTV got sold here stateside to AT&T, the fact reminded that the 5-8 "adult channels" charging $15 a movie contributed a HUGE amount to the overall profits of the company but were effectively hidden inside the 500 other "regular" channels.
2) that MMX's TLDs in isolation based on the quality of their portfolio and the over 1 million registrations considered on a "break up" or per TLDs basis (assuming an auction) for each TLD was probably considered worth around $80-90MM. not more as a result of the skew towards China and the unavailability of reliable renewal figures for some of the TLDs like.vip.
3) that together,MMX and ICM, with the maturity and increase of renewal revenues as a proportion of overall revenues would make a combined entity a much easier acquisition more so than each company individually.
So the ICM holders saw the benefit of taking a majority share based deal with MMX and then to realize the full value by an uplift in the MMX share price in due course as the combined results began to flow.
I see that is EXACTLY what is happening now with the excellent integration of ICM and the H1 results showing the .VIP renewals and other performing extremely well. It de-risks the purchase by any acquirer and allows them justifiably to pay a fuller price for the "on stream" combined entities. I have explained the math here before.
So I am 100% sure, without any direct knowledge of any existing or imminent approaches that SEVERAL parties will be watching the developments closely and as I espoused a short while ago I am just praying that an opportunistic offer does NOT come in based on the super low current share price As stated any such offer would likely be rejected by the holders in any event. I hope that clarifies some of the rationale. We just need to be patient and give management our full support to deliver , as I believe they are doing , on stable satisfactory results perhaps with a bit of added excitement from say a .luxe launch. The bidders will com
Strong Buy
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