Captain Pedant
30 May 2015
Re: Director's Talk Ah yes that would be nice wouldn't it? Say it enough times and it must be true! Ideally surround yourself with a group of like minded souls and repeat it mantra like until you enter a trance like state. All together now: 'forced seller, la la la, top up time - rude not to! Top management - FK he's a God (hang on where's he gone).' Then hound out the disbelievers aan move into a large compound outside Wako. Put on some robes and job done! Follow me my flock!Alternativel invest in Falkland oil stokes and come back in October (just a thought?)2015 - ' the year of MMX!' (As was 2014, 2013 etc).
oggs
29 May 2015
Re: Director's Talk If only you could have offered me what you see as fair value for my shares
spiritfinder
29 May 2015
Re: Director's Talk I'm glad you're out too 😉
oggs
29 May 2015
Re: Director's Talk and sold 10% of his holding almost immediately.... Who's to say that won't continue? Glad I'm out
spiritfinder
27 May 2015
Share Price Valuation 21.2p I'm abroad atm so not actively watching share price movements or following the BBs (so prob wont post again for some time). An excellent set of Results though, irrespective of the effect on the share price due to what looks like a larger seller. I'm looking forward to a continuation of the progress and a move towards a possible Dividend implementation / Share buy back etc as indicated in the Results.In the meantime, here's the report by N+1Singer.Minds + Machines Group (MMX LN)* Price as at COB 24/05/2015. ** Sources: N+1 Singer, Company accounts, FactSet Contributing AnalystsTintin Stormont+44 (0) 20 7496 [email protected] Knott+44 (0) 20 7496 [email protected] & IT ServicesPositioning for growth; considering cash return2014 saw strong growth in cash revenues, recognised revenues and operating costs as MMX launched a number of its top-level domains (TLDs) and transitioned into an operating company. Operating profits grew significantly to over $22m, albeit largely one-off, reflecting success in private auctions. Cash increased to $46m. The group set out some targets including covering operating costs from cash sales on a monthly basis in 2016. MMX will review its cash requirements post the last auctions late this year with a cash return to be considered. The group’s portfolio approach and strong balance sheet puts it in a strong position to realise the full potential of its TLDs. Minds + M achines Grou p (MMX LN)$Rat ingTOC $Full Year ResultsTint in St ormont+ 44 (0) 20 7496 3080Tint in.St ormont @N1Singer.com10.250000 $5m cash revenues, $22m EBIT MMX reported strong growth in financial metrics, reflecting the commencement of registry sales from Sept 2014. Cash revenues grew to just over $5m ($56k), of which recognised revenues in 2014 was $1.9m ($0.6m). Operating profit grew substantially to just over $22m ($1.2m), albeit largely one-off reflecting the $34m of gains from“losing” in 20 private auctions. Net cash stood at $45.8m at the end of 2014 ($14.9m) and currently stands at $48m. KPI targets set for 2015-16 In total, 20 of the 34 uncontested domains in which MMX has a commercial interest have entered Gen. Availability and have received over 177k registrations (108k by 2014), equivalent to c.3% of the new gTLD registrations. The group has set key targets for premium and standard names (volume + ASPs) and aims to cover operating costs from cash sales on a monthly basis in 2016.Fred Krueger has stepped down as Exec. Chairman as focus swings on operations.Cash return will be consideredThe group is involved in 10 more contested applications and as such, it is likely to see further gains from private auctions in 2015. Once these are resolved, the group will be assessing its long-term cash needs and will potentially introduce a progressive dividend policy or consider in due course any one-off dividend or share buyback. We expect revenue growth in 2015 as MMX launches more TLDs but given timing of launches, cash revenues are likely to be H2 weighted. Auctions imply higher TLD valuationsAnalysing the auctions where MMX lost (21), where MMX won (6), and the ICANN auctions (13), we see that the average value paid for a TLD was $6.4m. Clearly, the winners of these TLDs would have assumed the value of the TLD is greater than what they paid in order to make a good return. MMX’s current share price implies an average valuation of $2.4m for each of its 34TLDs. Using the average $6.4m valuation per TLD would imply a share price of 21.2p.
gravy
27 May 2015
Re: MMX Considerably Undervalued! "You" meaning the elusive Spirit finder.
gravy
27 May 2015
Re: MMX Considerably Undervalued! But when ? You have been saying this since the shares hit 19p and it's been broadly downhill since.
gravy
27 May 2015
Re: Cheerleaders? Agree with you Oggs have sold almost all my remaining holding today.
oggs
26 May 2015
Re: Cheerleaders? Thought not. Sometimes it's better to take a loss and move on.
oggs
26 May 2015
Re: Top Management? Can't say I realised there is an investor meeting but thought I'd have a dig on the website to see what's going on. Wow, just wow - what a dreadful website!! That wouldn't look good if it was for a corner shop; let alone for a company that is supposed to be at the cutting ede of the new internet world. What comes on the screen looks like it is half (not really half) built and doesn't even have the company's name on it. Just extraordinary.Eventually found a heading titled "Upcoming Calendar Dates" - that had absolutely nothing under it.
Captain Pedant
26 May 2015
Re: Top Management? This time I'll post having actually read the RNS!WOW!I understand now why FC wont be buying his shares (although if he thought the SP was going higher why wouldn't he?)I guess now we'll see how fully MMX 'own' Mozart and their customers. It occupied a lot of everyone's time a while back I remember.Is FC allowed to sell Mozart services to other parties?I'll continue to watch.2017 the year of Mozart? (sorry that should have read MMX)
oggs
26 May 2015
Cheerleaders? Waiting for the positive spin....
Captain Pedant
26 May 2015
Top Management? Enjoy this evening's Investors meeting.Might I suggest the following questions (I am a low level holder)- Why has Mozart taken so long? At the last meeting in Soho it was to launch back in February with the last tranche of tlds going into general availability.- How much benefit will Mozart bring to Minds and Machines? It was funded by us (as investors) but looks now to be a bit of an FC vehicle?- Wasn't FC supposed to be buying shares with his last windfall (he said he would) not simply keeping hold of the 'vast majority' that he already owns.I struggle to invest in companies who's management can't be trusted and I'm not seeing much here that reasures me. Anyone going tonight who doesn't have rose tinted glasses on your thoughts would be much appreciated.I'll watch with interest from the sidelines: 2016 the year of MMX?
FFRREEDDYY
26 May 2015
Mr Salazar I feel let down, now that Mozart is defined as not part of MMX and he has moved on. I pulled my cash this morning.
treble in 1999
18 May 2015
Move to USA "As a Customer of the website www.mindsandmachines.com ("Website"
, I wanted to give you some important information about the processing of your Personal Data.On 12 May 2015, the transfer of the ICANN registrar accreditation and registrar business of Minds + Machines Registrar Limited, an Irish limited company (registered number: 519637) and having its registered office at Block 3, Harcourt Centre, Harcourt Road, Dublin 2, Ireland ("they" and "them" to an affiliate company, Minds and Machines LLC, a Californian limited liability company (registered number: 200901310058) and having its registered office at 3100 Donald Douglas Loop North, Hangar 7, Santa Monica, CA 90405, USA ("we and "us", was completed.This transfer included the Website and the Personal Data they collected from all Customers, to enable the continued provision of services to those Customers by us. We note that you are one of those Customers.This email is to assure you that we will continue to process your Personal Data fairly and lawfully in accordance with the Principles of the Data Protection Acts 1988 and 2003 solely for the purposes for which it was originally collected.Please do not hesitate to contact our Customer Service team at [email protected], if you have any queries. Kind regards, Maria BirdwellDirector of Customer ServiceMind and Machines, LLC"Looks like they are setting it up for an easier sale, American owned,
