buzzard stubble
18 May 2015
Dumping .com... Barclays confirms move away from .com to new gTLDKevin Murphy, May 18, 2015, 13:19:18 (UTC), Domain RegistriesBarclays has become one of the first major companies to explicitly confirm it will dump traditional gTLDs and ccTLDs in favor of its new dot-brands.The $25 billion-a-year bank said it will “transfer its online assets to proprietary domain names — .barclays and .barclaycard — away from the traditional location-specific .com and .co.uk web addresses.”The transition is a “long-term” play, but it’s started already, with “non-transactional” parts of its web site already using the two new gTLDs.Basically, we’ve entered the brochureware phase of the dot-brand evolution.home.barclays already mirrors barclays.com — both are simultaneously live right now — but the online banking service remains at barclays.co.uk.In a May 11 press release that seems to have slipped under everyone’s radar last week, Barclays chief security officer Troels Oerting, until a few months ago cyber-crime chief at Europol, said:The launch of the .barclays and .barclaycard domain names creates a simplified online user experience, making it crystal clear to our customers that they are engaging with a genuine Barclays site.This clarity, along with the advantages of controlling our own online environment, enables us to provide an even more secure service, which we know is of utmost importance to our customers, and ultimately serves to increase trust and confidence in Barclays’ online entities.This is precisely what advocates of dot-brands pitched as the benefits of the new gTLD program.While many applicants stated similar plans in their gTLD applications, I think there’s been a degree of skepticism about whether they would follow through.Barclays’ moves are happening faster than I expected — the .barclays gTLD was delegated in January — showing a degree of enthusiasm.The charitable Australian Cancer Research Foundation in February launched sites under its .cancerresearch (not technically a dot-brand), while Hong Kong conglomerate CITIC Group has already experimented with a shift from .com to .citic.In related news, the non-branded .bank gTLD opened for its sunrise period today.[link]
FFRREEDDYY
18 May 2015
Results due I expect a boost from the upcoming results.
Owen Nobody
18 May 2015
Re: How much longer? seems to be moving steadily north at the moment...
Patient Penguin
17 May 2015
stats Figures are self explanatory. London, Bayern, Kiwi, yoga and beer are steady earners. Work has joined them recently and should be a very successful tld even though some are budget offersRecent GA tlds wedding and fashion are settling down with Fashion looking very successful and Yoga looking as though it will settle down at more than 100/weekGarden looks fairly weak and casa is easing off, but it makes sense for MMX to concentrate effort into the big earner tlds like law etc at this stage. I suspect tlds like rodeo, casa and garden will be successful long term though once they are fully advertised. Overall, results are good so far, bearing in mind that awareness is building, advertising has been low key so far, and MMX, industry and hopefully ICANN advertising should follow laterThe figures below are mainly those with more than 100/week but including some recent tlds in GA with lower numbers.London 61726 recent weekly changes 271 281 308bayern 28790 weekly changes 100 106 115kiwi 11655 weekly changes 59 164 84beer 7213 weekly changes 97 70 125casa 3030 weekly changes 55 39 37work 25452 weekly changes 1052 1171 305yoga 3709 weekly changes 121 71 175garden 547 weekly changes 33 34 29wedding 2326 weekly changes 173 108 113Fashion 3459 weekly changes 155 214 347fit 1860 weekly changes 1334 288 161
edik
10 May 2015
How much longer? I've held for years now, waiting and forever expecting that this time next month the time will come when this starts to move north. Still nothing after all this time. Ed
Patient Penguin
09 May 2015
Re: over 170,000 registrations Ignore the final paragraph in my last post. Correct figures will be recalculated after financials on 26th May.
Patient Penguin
08 May 2015
Re: over 170,000 registrations MMX is likely to see a big upgrade from present numbers when advertising starts and some degree of viral/exponential effect kicks in. Until this happens we have the present conservative caseWe now have 12 of our best tlds awaiting GA. There are 19 already in GA which have not yet been extensively advertised so we are roughly half way through the launch period. Sales growth is linear on the ntldstats graphs, and our present 170k extrapolates to 266k by year end. Conservatively, we can add another 4k for each of the 14 waiting for GA which brings the total by year end to 320k. Many of these will be valuable premium tlds. Our growth is also likely to double when all tlds are launched even without more advertising.As a guide,400k sales corresponds, I believe, to a share price of 10/20/30p at p/e of 10/20/30 although , this being AIM, the share price will lag behind the numbers. Also there is a breakeven point which I guestimate to be around 110,000 tlds that pays for the running costs. Anything above this is pure profit.
Patient Penguin
05 May 2015
Re: over 170,000 registrations The MMX plus nrw statistic has now passed 170k
old_punter
05 May 2015
Re: over 160,000 registrations Thanks PP and Tin 1999 for your comments, I am inclined to agree my sums are probably too cautious. The management seem impressive and as a "story" stock getting some good broker coverage after the results would make a lot of sense. Let's hope they do that.
treble in 1999
04 May 2015
Re: over 160,000 registrations old-punterif you check back, 107k names was the equivalent of 490k .com's.I am more bullish than most, and see the average income per name over £20.350k registrations will bring in more than £7m. Overheads are 5m.Go forward one further year, earning £10,5m, overheads 5m. PE 20-30, £150mAs I said, I am very much more bullish than those figures, with various models from the last 2 years.The real growth driver's have yet to come, and the internet is changing, and MMX will be a big part of that future, one way or another. I await with interest the results for this first period of name sales.
Patient Penguin
04 May 2015
Re: over 160,000 registrations Several posters on LSE who are in contact with the company suggest what you say in your second paragraph is likely to happen and management will talk to brokers after the full year results in a few weeks time and the brokers will provide estimates and a valuation methodology. I suspect these results will be better than expected. However, it is not just a numbers game. The premium income is important. There will also be more and higher quality tlds to launch soon such as .law. Perhaps your figures should be multiplied by 2 for a worst case scenario and probably much more in a medium to good case. There are also many reasons mentioned in older posts to expect upside eg mozart etc.The following comment is from the last RNS. --- The Directors anticipate that registration revenues should build significantly in the second half of the current financial year as a result of: planned domain launches in that period, including .law and .abogado; domain name renewals in respect of those domains launched by the Company in the second half of last year; and the impact of its Premium Name activity currently being developed (see end of release).
old_punter
04 May 2015
Re: over 160,000 registrations How to value this? Very simplistically, I suppose one can add 3,500 regs a week for a year to the 168k existing equals 350k say for the coming year, each earning say £10pa (no idea if this is reasonable) so £3.5m revenue after 20% tax equals £2.8m earnings. Divide that into current £71m mkt cap from which I think we can deduct the cash of £25m so £46m gives a p/e of 16. Not obviously a bargain but as a growing (how fast?) annuity stream perhaps attractive. Enough to keep me on board but not to rush to buy more given all the other AIM stocks flat on their backs. Those of you who follow MMX far more closely than I do, please feel free to correct my back of envelope guesswork. There ought to be a sensible valuation methodology for this, I can understand the company doesn't want to put their name to one but they must have more than an idea of how they should be valued and could feed this to a broker's analyst who would be glad to claim it as his own. Perhaps there are quoted comparables which help, any thoughts?
Patient Penguin
02 May 2015
Re: over 160,000 registrations Friday stats reposted from LSEWeekly stats for the last few weeks. The preferred total of MMX plus nrw is now 168635 and increasing steadily at around 3-4000 per week with an increase this week of 3560. World market share is 3.19 per centNew tld Total 5,287,452 MMX total 147040 151312 154195 157151 160625 MMX weekly change 4389 4272 2883 2956 3474 nrw 7709 7924 8010 MMX total plus nrw 154202 158750 161904 165075 168635
Patient Penguin
01 May 2015
Re: over 160,000 registrations The ntldstats figure for mmx does not include the 7995 figure for nwr which is under the Knipp registry and is 80 percent ours. so the position is even better. Not too long now until the financial year end figures which should be good on the 26th May. Fourteen market days away.
treble in 1999
30 Apr 2015
over 160,000 registrations nm
