Minds + Machines Share Discussion Threads

[treble in 1999] 27/10/2015 11:44

Another 352000 to be cancelled. 9.25p appears to be our current value

[mortimer7] 27/10/2015 11:38

This mornings update is very comprehensive and in keeping with the format used in the past, yet there seems to be very little interest.
There have been a couple of share transactions today (and another buyback by the look of it) and very little volume over the preceeding days, so it's evident todays news (and anticipation of news) isn't stimulating interest in the investor community. Also, whilst I don't disagree in principle with the share buyback program, the small quantities in which this is being done and subsequent length of time that will take to complete is in danger of monopolising transactional activity and will probably keep the share price range bound.

Clearly a change of tack is required, and personally I think it's time to start focussing on financially led reporting.

They stated in the interims - "The Directors therefore expect a significantly improved operating result in H2 2015 compared to H1" and followed up today with an ambiguous - "we have every reason to be confident about our H2 performance as we drive towards our goal of crossing over into operational profitability in 2016."

They now need to start providing the market with some numbers to support these assertions. As illustrated by davemakes excellent spreadsheet the base information for these calculations are readily available.

Once they provide numbers, they can then deliver the result, which then creates confidence, new investors.... and off we go.

[henjay] 27/10/2015 10:48

smarm, yes they have spent a bit on buybacks and also some on the launches for law abogado and Miami..still plenty in the kitty and more to come from auctions as they are still in for another seven domains..so could be another 3/4/5 million from them...all good.

[smarm] 27/10/2015 08:32

Available cash as at 31 August $48.1 million
Cash in the bank at 30 September 2015 stood at $46.4 million.

All going well then!


S

[ftangftang] 27/10/2015 07:41

Minds + Machines boss confident in second half performance
Share
08:21 27 Oct 2015
The internet domains group saw an acceleration in sales in the third quarter
Minds + Machines boss confident in second half performance
It has been boosted by the successful launch of new domains like .law
Internet domains group Minds + Machines (LON:MMX) has told investors it is confident about its performance in the second half.

Chief executive Antony Van Couvering says the company, which owns and operates new domains, is driving towards its goal of achieving operational profitability during 2016.

It comes amid the launch of a number of new domains, and as the marketing of its existing portfolio of domains continues to be optimised.

"In Q3 we saw our acceleration into a sales and marketing-led business pay off with the launches, just post-quarter, of .miami, .law, and .abogado,” he said in a stock market statement.

Van Couvering highlighted that via a “highly successful” early access programme the company had seen US$1.18mln of orders for the .law domain in its first week following launch.

"We now have a year of solid market data, including renewal data - both internally and from the overall gTLD market,” the MMX boss added.

“With that, and the knowledge gained from our recent successful launches, we can now plan and model cost-effective sales and marketing strategies for the TLDs in our portfolio, both existing and future.”

He says a combination of efficient marketing activities and an emphasis on cost cutting will be the key to the company achieving growth and profitability objectives.

The company eliminated US$940,000 of annualised costs during the third quarter, he says, and US$700,000 of further savings have been identified.

Minds + Machines, also in the third quarter, began a share buy-back programme, which could see the company acquire up to US$15mln of its own shares over a 12 month period.

Share

cheers
ft ft

[themuppet] 26/10/2015 23:18

0.09 looks like it has consolidated as a support level.

[treble in 1999] 26/10/2015 17:44

There is another buyer and seller around.

In my opinion, the share buy back by the company is not aimed at increasing the share price short term, but more growth for the long term holders long term(institutions).

I expect them to continue to hoover up the shares that are being sold, so as not to depress the price. Fred's shares had to go somewhere short-term, and I don't think they were all long term buys.

[smarm] 26/10/2015 17:15

Price goes down, you would think they were selling! Does anyone think share buy backs are a good idea?

S

[treble in 1999] 26/10/2015 13:04

another 366000 today

[treble in 1999] 23/10/2015 14:26

another 374000 today

[smarm] 23/10/2015 08:20

I stand corrected, my apologies. Doesn't much change my view, a stupid and lazy way to spend money - it should be put to work for shareholders or returned directly.

S

[henjay] 22/10/2015 19:13

smarm. yes they ARE cancelling them..

[parsons] 22/10/2015 19:04

They have cancelled them look at recent RNSs

[smarm] 22/10/2015 18:45

Pointless exercise. Not making much difference to price so no benefit to shareholders...other than putting a floor on the price. What a stupid way to spend money. Sorry but I am against share buy backs and, remember, that they are not cancelling them. They should have paid a special dividend.

S

[treble in 1999] 22/10/2015 17:19

20/10 222500
21/10 192000
22/10 130000
22/10 414500

All shown but not allocated as buys or sells. All at the same price as MMX purchases. Bought/sold by a broker but who for??

Interesting this share buy back thing.

Any other thoughts

[treble in 1999] 22/10/2015 15:37

confirmed 385k at 3pm

[treble in 1999] 22/10/2015 13:39

another 389,000

[treble in 1999] 21/10/2015 11:54

looks like another 385000 shares in the buy back

could it be we will only spend the £15m at these prices.

[treble in 1999] 21/10/2015 11:33

This share buy back seems to be in £35/40k lumps.

I am expecting an institutional investor to give notice of a reduction in holdings.

Most of Fred's shares went for about 8p, and the investors were paying a very similar amount.Sales at 9p plus will be giving them in excess of 10% in a few months, so I expect the availability to continue.

Would love too see the board minutes on the run up to Fred's departure.

[ftangftang] 19/10/2015 15:29

This week’s new TLDs: .Law, .Abogado
BY ANDREW ALLEMANN — OCTOBER 19, 2015

Two restricted legal top level domain names become available today.

Minds + Machines releases the highly-anticipated .law and .abogado (Spanish for lawyer) domain names today.

There’s no room for speculation in these domain names unless you are a lawyer. You have to be a licensed lawyer to register the domain names.

The domains aren’t cheap, either. At NamesCon last year, Minds + Machines CEO Antony Van Couvering said the wholesale price of .law domains would be about $150. It’s possible that’s changed since then, but 101Domain is charging $324 for a one year registration.

I suspect that .Law was the domain name that Minds + Machines received a $15 million investment for.

It’s a great top level domain name, but I’ll be curious to see how the registration restrictions affect adoption.




cheers
ft ft

[ftangftang] 16/10/2015 10:37

How I did on the .Miami domain name launch
BY ANDREW ALLEMANN — OCTOBER 15, 2015 UNCATEGORIZED 19 COMMENTS

.Miami is growing quickly, and I’m pleased to have picked up a number of good domains in it.

Dot MiamiThe .Miami top level domain name launched on October 2. It’s off to a good start, with nearly 10,000 domain names in the zone file. It’s growing at a good clip, too.

I’m a big fan of geos and went relatively “big” on .miami compared to other domain names. (Granted, big for me in new TLDs isn’t all that much.)

I pre-ordered 35 domain, including a couple that had small annual premiums, with several registrars. I can’t do an apples-to-apples comparison between registrars due to some nuance in how registrars do pre-orders, but it’s clear that GoDaddy was the best at grabbing names.

101Domain and Hexonet each got 4 .miami domain names for me. I had pre-ordered all 8 of these domains at GoDaddy as well, so they beat GoDaddy on these.

101Domain also won two other great names for someone else. Because 101Domain only accepts one pre-order per domain, and someone else had already requested these domains from 101Domain, I wasn’t able to get FinancialAdvisor.miami and DivorceLawyer.miami.

5 of the domains I ordered ended up being on a reserved list, so those were off the table. Other than these, my three registrars captured every domain I ordered except one.

GoDaddy picked up the bulk of domains, which is a mixed blessing. If there’s more than one pre-order at GoDaddy, they auction the domains off with the pre-order customers.

One of the domains I pre-ordered, PersonalInjury.miami, sold for a solid $2,550 at GoDaddy. 5 bidders fought it out with 51 total bids. I don’t believe the domain had any premium renewal price. If it did, it was the lowest tier of about $70 per year.

I won 6 of the 9 domains that went to auction at GoDaddy. One I’m really happy with is Orthodontist.miami. I had to pay a bit for the auction and it has a $69 annual renewal, but I think this domain is a home run.





cheers
ft ft