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 ....