The group recently announced its strategy to re-focus as a pure-play registry business. This transforms the group from one that previously owned, operated and retails its domains (with the associated costs of doing so) into a pure-play owner of the assets. This will deliver significant cost savings, which together with growing revenues (billings grew 58% yoy in 2015) and a strong balance sheet ($35m of cash), gives more than ample resources to help drive take up of its domains. We believe the gr ....
27 Apr 2016
Transitioning to a pure-play registry business


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Transitioning to a pure-play registry business
Minds + Machines Group Limited (MMX:LON) | 4.7 0 (-4.1%) | Mkt Cap: 41.2m
- Published:
27 Apr 2016 -
Author:
N+1 Singer Team -
Pages:
8 -
The group recently announced its strategy to re-focus as a pure-play registry business. This transforms the group from one that previously owned, operated and retails its domains (with the associated costs of doing so) into a pure-play owner of the assets. This will deliver significant cost savings, which together with growing revenues (billings grew 58% yoy in 2015) and a strong balance sheet ($35m of cash), gives more than ample resources to help drive take up of its domains. We believe the gr ....