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Minds + Machines Group – a “pleased” to announce update & share buyback programme, But...

By Steve Moore | Wednesday 11 November 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Internet top-level domains owner and operator Minds + Machines Group (MMX) has updated including “operating cash flow for 2020 is expected to exceed $4.0 million, which would result in available cash at December 31, 2020 of more than $8.0 million” and that it “has approved a share buyback programme… up to a maximum of £2.3 million (approximately $3.0 million)” – and the shares have currently soared higher to 5p…

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