Minds + Machines Share Discussion Threads

[hjb1] 30/9/2020 14:33

what's the point of selling now with the tender coming up? Wait until then and get maybe 7.5p..

[hjb1] 30/9/2020 13:12

when Adult block sales start kicking in then it will make a good impact on revenue/profits. All intended to set this up for a sale anytime in the next 12 months imo. I expect any tender offer could be in the region of 7.5p (25% increase)if things stay current. For me, I am holding mine until the sale by back end of next year.

[hjb1] 30/9/2020 12:47

I see the asylum is still live and kicking! Absolute loonies on here!! Need certifying imo.

[t0pgrader] 30/9/2020 12:35

Sensible to reduce the number of issued shares before introducing a dividend distribution

[effortless cool] 30/9/2020 11:50

If the tender offer is at the current market price, that would be about 5% of the shares in issue being taken out of circulation.

Full details will no doubt follow in due course.

[jamesto2] 30/9/2020 11:45

we were in effect told a pack of lies re failed dividend RED FLAG... would not trust this company and its jam tomorrow 5 year invisible plan.... avoid

[jackson83] 30/9/2020 10:45

I will be back in around the 5p level .

[grupo] 30/9/2020 10:28

HOW MUCH

CAN ANY ONE CONFIRM AND IF SO CLARIFY


CHEERS

[jackson83] 30/9/2020 09:44

REASON FOR SELLING I DID NOT WANT TO WAIT ANOTHER 3 YEARS TO GET MY 10P AVERAGE BACK..
good luck everyone as I've sold out completely now and it will probably rise fast now lol

[jamesto2] 30/9/2020 09:26

someone is obviously mopping up all the sells so far today LOL

[jamesto2] 30/9/2020 09:20

its NT again to sell 100k lol .

[effortless cool] 30/9/2020 08:34

A fine set of interims from Minds Machines (LON:MMX) this morning. Nice and close to my forecasts, too.

Billings grew by 7% but total revenue fell by 5%. This reflected the progress they are making in their transition to a recurring revenue business model, with 67% of revenues now recurring. There is strong visibility on revenues too, as much of their income is "earned" over the period of a licence, hence the balance sheet shows deferred revenue of $13m (equivalent to about 9 months sales).

Repeated licence renewal generates an annuity-like revenue stream for MMX. Now current management have completed the painful process of fixing the business after previous management messed it up, they are looking to use this predictable cash flow for the benefit of shareholders. Hence:

"Given the highly predictable cash generative nature of our core channel business, we are pleased to announce that a tender offer of £3m will take place in November. This will be supplemented by an ongoing buyback and an intention to target further distributions of approximately 50% of free cashflow from operations each subsequent financial year".

Further, they have announced a cost-savings initiative that should flow straight to the bottom line:

"In parallel, we are also pleased to report that we have initiated a series of steps that are expected to reduce costs in aggregate across OPEX, COGs and partner payment by over $1m in 2021 when compared to their expected amounts in 2020".

To put that into perspective, $1m is about 1/3 of forecast pre-tax profit. These savings, combined with continued recurring revenue growth, should bring substantial operational gearing benefits.

[superbarnet] 30/9/2020 08:12

The market reaction tells you everything. This has been and always will be a train crash of an investment.

[jackson83] 30/9/2020 07:32

I've come to the conclusion this is a never never company and its going be very hard to exit my 600k shares today.

[hotaimstocks] 30/9/2020 07:25

unfortunately we have a profits warning so sell on the bell and I will buy back at 5p or in the 4p's ...

[hotaimstocks] 30/9/2020 05:21

lets hope we get a rush to buy shares today and we see above 8p again ..... possible 10p this week. STRONG BUY.

[jamesto2] 29/9/2020 19:29

bought another 100k and now looking to cash in around half my holding / 350k tomorrow on the expected rise to 8p / 9p

[effortless cool] 29/9/2020 08:10

What I forecast for tomorrow:

Revenue: $8.45m
PTP: $1.14m
EPS: 0.13c
Net cash: $7.65m

[jamesto2] 29/9/2020 07:57

GOING CRAB ANOTHER 100k shares today. watch the big rise later folks.

[jackson83] 29/9/2020 07:54

TOP UP ASAP as this is the very last chance to get back in before the expected sharp rise on super news tomorrow. Hall can't afford to let the porno crew down again.STRONG BUY

[waldron] 29/9/2020 07:54

Minds + Machines Group Limited (AIM: MMX), the top-level domain registry company, is pleased to announce that its Interim Results for the six months ended 30 June 2020 will be published on Wednesday, 30 September 2020.

Briefing for analysts

A live briefing for analysts will be conducted digitally at 14:00 BST on 30 September 2020. If you are an analyst and would like to log in to this meeting, please send an email to: [e-mail] . Login details for the meeting will be communicated to attendees.

Investor Presentation

A live presentation will be held digitally at 15:00 BST on 6 October 2020 on the Investor Meet Company ("IMC") platform.

The online presentation is open to all existing and potential shareholders.

Investors can sign up to IMC and add to join the live presentation via: hxxps://www.investormeetcompany.com/minds-machines-group-limited/register-investor .

Investors who have already registered and added to meet the Company will automatically be invited to the presentation.

[hotaimstocks] 29/9/2020 07:49

todays are day ladies as get your order in ASAP .... its going UP UP UP today ... STRONG BUY