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Telnic Ltd. Financial Results to 30 June 2012...

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mikeseaton
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Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Mon 08 Jul 2013, 6:24 am

...are now available at https://www.duedil.com/company/03555437/telnic-limited/financials

This publicly available information has a couple of key figures worth noting when trying to work out what is going to happen to the investment in time and money that has been made by you in the last 4+ years.

Net Assets (30 June 2012) = 6,462,798 GBP

Net Profit (30 June 2012) = -2,331,014 GBP i.e. another year of losses.

With the dramatic and continuing decline in total registrations it's patently clear that THE .TEL OPERATION AS CURRENTLY CONFIGURED IS NOT CAPABLE OF MAKING A PROFIT !

Of course when you start off with $35,000,000 of shareholders money it takes quite a while to use all that up - 2016 looks likely to be the date, or maybe Q3/Q4 of 2015 ?

IMO Telnic Ltd. need to sell up to a more capitalised organisation, but if none of the major players are interested then http://www.Afilias.info looks like a good bet.

Of course we could find the shareholders come up with more funds in 2015/2016 and the situation continues as at present - I do hope not though !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by ricardovazmonteiro on Mon 08 Jul 2013, 7:22 am

Could be worse...
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Mon 08 Jul 2013, 9:18 am

ricardovazmonteiro wrote:Could be worse...
Really - in what way ?

Given that $35,000,000 was the initial stake put up by shareholders in Telnic - most of that has already gone - the drain on what's left is continuing relentlessly - and total .tel registrations are still declining month after month !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Moonlight on Mon 08 Jul 2013, 10:08 am

mikeseaton wrote:
ricardovazmonteiro wrote:Could be worse...
Really - in what way ?
The overall number of registered domains is declining, but every day up to 100 new domains get registered.
Other domain extensions (.xxx, .travel, etc.) don't find any new customers. Telnic performs much better observing only new registrations.
And of course, the potential is far from exhausted.
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by TelBlogger on Mon 08 Jul 2013, 10:16 am

Moonlight wrote:
mikeseaton wrote:
ricardovazmonteiro wrote:Could be worse...
Really - in what way ?
The overall number of registered domains is declining, but every day up to 100 new domains get registered.
Other domain extensions (.xxx, .travel, etc.) don't find any new customers. Telnic performs much better observing only new registrations.

Lol! You should get a comedy routine. Who cares how many are registered if there are more drops. Bizarre statement.

The 100 a day are just uninformed people who don't understand the extension yet.
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Moonlight on Mon 08 Jul 2013, 10:19 am

TelBlogger wrote:Lol! You should get a comedy routine. Who cares how many are registered if there are more drops. Bizarre statement.
The first .tel customers are disappointed and angry. They will leave .tel anyway.
.tel can survive only by winning new customers (for the price of losing the old).
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Tim Spears on Mon 08 Jul 2013, 10:24 am

Moonlight wrote:The first .tel customers are disappointed and angry. They will leave .tel anyway.
.tel can survive only by winning new customers (for the price of losing the old).
Telnic is doing a great job: scaring all experts away and focusing on newbies who don't understand that the essence of a website is to be found - what is impossible with Telnames.
The only problem: What will happen when the newbies find out?
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Mon 08 Jul 2013, 12:06 pm

Tim Spears wrote:
Moonlight wrote:The first .tel customers are disappointed and angry. They will leave .tel anyway.
.tel can survive only by winning new customers (for the price of losing the old).
Telnic is doing a great job: scaring all experts away and focusing on newbies who don't understand that the essence of a website is to be found - what is impossible with Telnames.
The only problem: What will happen when the newbies find out?
Precisely !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by silvano on Mon 08 Jul 2013, 4:19 pm

Moonlight wrote:The overall number of registered domains is declining, but every day up to 100 new domains get registered.
Other domain extensions (.xxx, .travel, etc.) don't find any new customers. Telnic performs much better observing only new registrations.
And of course, the potential is far from exhausted.

Hypothetically speaking of numbers...

Of the 100 new domains registered every day only about 20-30 are Telnames. About 70-80 are "old style" .tels.

So the future seems to be in the old .tel domain with subdomain.

And it's not true that other domain extensions don't find new customers.
The .pw is running faster than Usain Bolt.
.biz, .mobi, .me are growing.
.com, .net, .org have good health.
Only .info is losing the public.
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Mon 08 Jul 2013, 5:14 pm

This quote somehow seems appropriate re the current state of the .tel project:

You can fool some of the people all of the time.
You can fool all of the people some of the time.
But you can't fool all of the people all of the time !
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Bubblegum on Mon 08 Jul 2013, 7:28 pm

silvano wrote:Of the 100 new domains registered every day only about 20-30 are Telnames. About 70-80 are "old style" .tels.

So the future seems to be in the old .tel domain with subdomain.
Exactly! One registrar doing marketing (Telnames) will never be able to sell as much domains as more than 100 registrars together doing no marketing at all.
The separation of the Telnames service from the original Telnic format is the biggest nonsense in domain history ever!
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Tue 09 Jul 2013, 6:52 am

Bubblegum wrote:One registrar doing marketing (Telnames) will never be able to sell as much domains as more than 100 registrars together doing no marketing at all.
122 Telnic Registrars currently stock an OLD version of the product (Telnic subdomain .tels) having been denied access to the NEW version of the product (Telnames single page .tels) which is the ONLY version now actively marketed !

Has any other manufacturer of a product (ie. Telnic/Telnames) ever treated its distributors (ie. Telnic Registrars) in such a fashion - and survived to tell the tale ?

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Last edited by mikeseaton on Tue 09 Jul 2013, 7:02 am; edited 1 time in total


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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Tim Spears on Tue 09 Jul 2013, 7:01 am

mikeseaton wrote:Has any other manufacturer of a product (ie. Telnic/Telnames) ever treated its distributors (ie. Telnic Registrars) in such a fashion - and survived to tell the tale ?
Nope! Maybe Telnic will regret those unfair business practices one fine day.
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Tue 09 Jul 2013, 7:05 am

Tim Spears wrote:
mikeseaton wrote:Has any other manufacturer of a product (ie. Telnic/Telnames) ever treated its distributors (ie. Telnic Registrars) in such a fashion - and survived to tell the tale ?
Nope! Maybe Telnic will regret those unfair business practices one fine day.
Telnic shareholders certainly will - late 2015 or 2016 is my current estimate !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Mad Max on Tue 09 Jul 2013, 7:45 am

why telnic should hurry?
the employees will continue to earn good salaries for the next 3 years, doesnt matter what happens!
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Watcher on Tue 09 Jul 2013, 9:53 am

Telnic management, shareholders, developers and domain investors made all the same mistake: They miscalculated the difficulties to create a new market.

Only drastic improvements can help in this difficult situation now, quite likely with much more money than 35m.

If Telnic's money is not enough to develop a comprehensive control panel, then they need to rethink!
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Toptel on Tue 09 Jul 2013, 10:18 am

@ watcher

You're so wrong!
Nobody expects a miracle.
All I expect is that Telnic is treating customers with respect and is giving a sign that at least a minimum of interest in improving .tel exists (not only Telnames).
When not enough money for the daily .tel operation will be left in 2 or 3 years, nobody can say he didn’t see it coming.
And the reasons can be identified easily by watching how Telnic is ignoring customers and partners!
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Tue 09 Jul 2013, 10:55 am

Mad Max wrote:Why Telnic should hurry?
The employees will continue to earn good salaries for the next 3 years, doesn't matter what happens!
It does matter to Telnic employees who are also Telnic shareholders !

Would be nice to hear from Kash re the future prospects for .tel as he views it !

Remember Telnic set up .tel to change the way the world communicates using the Data in the DNS (Phase 2 of the .tel project) - but Telnic's own communication with .tel stakeholders does seem to be minimal at best !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by TELwax on Tue 09 Jul 2013, 12:36 pm

A potential target of leveraging from today 100 registration per day figures,  by a x7 or x10 fold in 6 to 9 months might be NOT totally insane if appropriate focused marketing and smart affiliation plans

... aiming also at getting a higher yield of TLN registrations over proTELs registrations 
... with at same time TLNs delivering much much higher margins to TN/Telnic,  than TELs.

Nobody cares too much about how many TEL domains are still registred , except with some concerns of image and long term sustainability of the global business model of course (which are already in difficulty, so ).
And these sunrise TELs were paid mainly for 3 years already cashed in 3 years ago by TELNIC (with a much lower margin than through Telnames now), and whether you like it or not because it was your / our money.
If at the same time TN team demonstrate regular increase in TN registrations AND some progress or inversion in TLN/TEL ratio , that will certainly be enough positive for shareholders who certainly did provision already at 100% their initial investment, therefore communication quality level to existing TELs owners.

Of course not enough to immediately recover the initial 35M£ + ROI , but that is another longer term further story once a base recovery is achieved on "some" TLN business model at least , certainly increasing possibilities for deals with some new shareholders ... with even higher strategic prerogatives , should I say costly fears on its incumbant market segment (like directory professionnals for example, but not limited to) ?

On the other hand, ups and downs in registries' DN inventory count, will soon become more commun stories with news Tlds era and consequences , although fuelled by much smaller initial investment of course ?
O tempora O mores .
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Wed 10 Jul 2013, 1:28 pm

Here's a useful article to read by an independent observer:
A look at .Tel’s 14 year, £25 million journey

This article was written by Domain Name Wire on 2 May 2013 and makes the point:
Telnic Limited ended June 2012 with £6.0 million in cash. That’s a lot of cash to support a relatively small domain registry, and is likely much more than a number of new top level domain applicants are bringing to the table. Yet that sum was down from £9.7M the previous year. If annual cash outflows continued in 2013 at the same pace as in 2011 and 2012, Telnic’s cash balance will be around £3.0 at the end of this fiscal year (next month).
Don't forget to read the Comments at the end - it looks like Comment 4 by Josh may need answering sooner rather than later !

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by koba on Fri 12 Jul 2013, 6:35 am

Strange how it all with Telnic depends from behavior of only one person: if CEO of Telnic will resign and somebody will take his place, when (I have no doubt) number of registrations will rise up. If CEO one nice day will buy Telnic and become its alone owner and will begin developing of .tel, when number of registrations will also rise up.
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Fri 12 Jul 2013, 8:51 am

mikeseaton wrote:Here's a useful article to read by an independent observer:
A look at .Tel’s 14 year, £25 million journey

This article was written by Domain Name Wire on 2 May 2013 and makes the point:
Telnic Limited ended June 2012 with £6.0 million in cash. That’s a lot of cash to support a relatively small domain registry, and is likely much more than a number of new top level domain applicants are bringing to the table. Yet that sum was down from £9.7M the previous year. If annual cash outflows continued in 2013 at the same pace as in 2011 and 2012, Telnic’s cash balance will be around £3.0 at the end of this fiscal year (next month).
If that is the current financial scenario, we could be only be a year or two away from Telnic running out of cash - assuming of course they don't downsize their salary bill in the meanwhile !

So maybe it's worth hanging onto some .tels, if a change such as a TRADE SALE or MANAGEMENT BUYOUT is going to happen in the not too distant future ?

http://MikeSeaton.tel

PS. The shareholders who have already put in $35,000,000 may just pour in more money - I hope not - that would just prolong the current agony !


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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by TelBlogger on Fri 12 Jul 2013, 9:01 am

But couldn't the extension cease to exist if the registrar goes bust?
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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by mikeseaton on Fri 12 Jul 2013, 9:08 am

TelBlogger wrote:But couldn't the extension cease to exist if the registrar goes bust?
NO - when you apply and get accepted to run a domain extension you have to take out an insurance policy that ICANN is happy with to cover such a scenario.

This then pays out for a period (not sure for how many years - it may vary by extension) to cover the operating costs whilst ICANN solicits, reviews and decides on who is to take over the failed extension.

But the story with a .tel failure could be more complicated as it's a non-standard extension with it's "Data in the DNS" - so if technical Telnic/Telnames staff were not available to handle this side of things who knows what would then happen ?

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Re: Telnic Ltd. Financial Results to 30 June 2012...

Post by Expert on Fri 12 Jul 2013, 9:37 am

mikeseaton wrote:if technical Telnic/Telnames staff were not available to handle this side of things who knows what would then happen ?
Nobody is developing .tel now.
ICANN only needs to find a successor who continues to administrate the DNS servers.
If we get lucky, this company will hire one or two programmers to improve the out-dated technology.

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