Share price on domain company plunges

[Honan]

The price of DBS shares on the ASX ( aussie stockmarket ) are in free fall
Plunging nearly 30% in 3 hours
DBS own Fabulous

 

[MainstreamDomains]

ouch - not so fabulous!

 

[Michael]

Perfect time to buy

 

[StuntPope]

Perfect time to buy

Indeed. Been watching this one for awhile.

Only problem is I don't like that it only trades on the pink sheets in the US. I'd rather see it on the OB at a minimum (just better liquidity, more data)

I've always thought that if I actually decided to invest I'd have to actually open an Interactive Brokers account (here in Canada) so I'd be able to buy on the ASX.

 

[DomainName]

does anyone know why it dropped 30% in 3hrs.?

 

[StuntPope]

does anyone know why it dropped 30% in 3hrs.?

They guided lower, revenues are going to be down this quarter and hey, guess what, we're in a recession. Ad revenues down, US dollar down, yada yada yada.

http://www.darkbluesea.com/announcements/305_Dark_Blue_Sea_March_2008_Quarterly_Update.pdf

 

[DomainName]

but isn't that what we already knew I guess it takes a company to come out and say there are problems in order for wall street analysts to believe the current state of the economy. WHAT A JOKE! Driving down the street 2 months ago and seeing 6 out of 10 homes as foreclosures told me we were in a recession!

 

[socalboy]

I also looked into DBS shares. Didn't like the pink sheet liquidity issues either. The ASX ordinaries, on the other hand, are heavily traded. Called Charles Schwab, and they said they could buy the ordinaries directly on the ASX for me.

Buying opportunity? Not sure. Fabulous uses Google ad feed, and with Google allowing advertisers to opt out of parking pages, where does that leave them?

 

[Rubber Duck]

I didn't understand their business plan, which seemed to be based on having multiple broker fees for the long tail crap that has formed in the latest bubble.

Quality domains are going up in price. These guys were focused on churning crap. Their target market is imploding. Buying opportunity? What like dot Mobi?

The bottom line is that there is a lot limited amount of quality names out there. That is why they are valuable. You start making up extensions and creating domains like the Fed creates IOUs and you are in serious trouble. From a domaining perspective most US domainers, and these Aussies fell into the same Clique, just didn't understand that the growth into Global markets had a cultural perspective. Their whole strategy is based on the the Cultural and Economic Hegemony of the USA, which is as dead as the Dodo!

 

[Honan]

Rubber Duck
Sorry you cannot understand their business plan
...................................................................................................
Interesting announcement at http://www.darkbluesea.com/investor.html

The company intends to buy back 6.7% of all shares because they regard the current price as a better buying opportunity than the price domain names are selling at.
Buy back will last 6 months from 2 June 2008
They have the cash to pay for them