The Business Model.

The mutual.net plc, the AIM quoted on-line reward company has developed a website to act as a portal for its members to access around 500 online shopping sites. Themutual.net incentivises shoppers by rewarding them with shares in the Company or with points which are redeemable for cash. themutual.net now has over 1.15 million registered members. This Xmas as seen an explosion in online shopping and all indications are that this one as done very well.

Highlights From Last Interim Results 31st Oct 2004.


Membership grown to over 1.15 million

Over 1 million visitors sent per month to advertisers' websites

Share consolidation completed, cash rewards introduced and share buy-back
programme initiated

Increased revenue by 94% to 1.53 million (6 months to 31 Oct 2003: 0.79m)

Doubled EBITDA to 0.68 million (2003: 0.34 m)

75% increase in pre-tax profit to 0.38 million (2003: 0.22m)

Cash at bank increased to 1.225 million (against 0.919m at April year end 2004.

Director Speak.

Mark Smith, CEO, said: 'This has been a period of good progress for
themutual.net, which saw the company consolidate its position as a major
facilitator of email marketing and online shopping. We are delighted with the
strong growth in our website and email marketing revenues, which has flowed
through to enhance our profitability and balance sheet. With the development of
MutualShop and the substantial continued growth in the online advertising
market, we look forward to the future with confidence.'


Activity During The Period.

During this period we implemented a number of strategies to deal with the
challenges that email marketing faces now and, potentially, in the future.
These included:

* Working closely with ISP's to improve understanding and cooperation with
regard to email delivery;

* Double opt-in registration to ensure the validity and quality of new
members;

* Collection and use of increased targeting data to assist in delivering
mails that are both relevant and effective to our members and our clients;
and

* The introduction of an eCRM program to educate new members and further
encourage existing members to utilise our services.


Outlook Statement From The Chairman.

From our website activity, themutual.net now generates in excess of 1,500,000
of online sales for our website partners each month. We anticipate this will be
greatly enhanced by the introduction of the MutualShop, our new shopping portal
which is due for `soft' launch shortly before Xmas, with a final launch to
include price-comparison shopping and full functionality by the financial year
end. This is the largest overhaul of the website that the company has
undertaken, including a full redesign, and will be further supported by adding
user functionality, allowing better control of their membership and the number
of emails received.

To have managed such internal change while the company continued its
substantial growth in revenue and profitability is a strong achievement and
testament to the scalability of our business model and operations.

We have also begun exploratory analysis of launching a similar product into
France and Germany. We will report on this further at the year end.

Fundies.

In their note of 29th November 2004, Durlacher has forecast 2.2p a share in earnings for 2006, which means that TMN is on a forward PE of just over 14.

The average multiple for the sector is 26, and then there is ASOS on a 2006 PE of around 27. Clearly there is a good argument for TMN to be re-rated.

I notice that Growth Company Investor tipped TMN recently at 30p. Hopefully the next few months will ensure the re-rating will get underway for themutual.net.

Dyor.

cheers Gf.

Moving up again today on the back of some large trading volumes,this surely is due a retracement?
DB66

Survived the onslaught of the markets pretty well and some pretty good volumes gone through today.

From recent tading statement


TMN Media - Online direct marketing and rewarded shopping portals.
EDR - Interactive advertising agency
ID Factor - Online market research and fieldwork

All three divisions are benefiting from a number of strong Group synergies and
are operating in the rapidly growing online shopping and advertising sector.

Following the positive outlook reported earlier, trading has remained strong. As
a result, turnover for the financial year ending 30 April 2006 is likely to be
significantly ahead of market expectations with profitability also strong.


The Group expects to report its results to 30 April 2006 at the end of June
2006.

Must be good for TMN

The Times May 24, 2006


Shoppers fall for lure of the net
By Neelam Verjee

Britons are turning increasingly to online purchasing and away from the high street


INTERNET shopping now accounts for 10 per cent of all retail sales in the UK, with online purchasing expected to total 30 billion this year, according to new research seen by The Times.



The prediction by Interactive Media In Retail Group (IMRG), which represents e-retailers, comes amid rising confidence in internet shopping and the growing popularity of home broadband connections.

The expected 30 billion of online spending this year represents a 56 per cent increase on the 19.2 billion spent last year. A further 20 billion of nontraditional retail spending online such as on gambling and financial services is also forecast this year.

IMRG also predicts that another 30 billion-worth of conventional high street retailing will be affected by the internet as consumers conduct web-based research or react to information found online.

The group found that 3.6 million was spent on average each hour in online shopping last month, resulting in a total of 2.6 billion for April. In the six years since April 2000, when IMRG began to track online sales, British shoppers have spent more than 64 billion.

IMRG also found that online sales have increased at an average monthly rate of 45 per cent year on year over the past six months up 2,000 per cent on 2000. The body said that it had raised its forecast for growth this year to 40 per cent, up from 36 per cent previously.

The IMRG survey, which canvassed more than 3,900 consumers, found that 52 per cent planned to reduce their high street spending in 2006 as they seek out the convenience of internet shopping. By contrast, the survey found that 44 per cent expected their online shopping to increase in the next 12 months.

James Roper, chief executive of IMRG, said that although Norway, Sweden and Taiwan were the leaders internationally in terms of consumer spending online, the UK was the most advanced nation for the range and innovation of services. With 26,000 different companies trading online (in the UK), there is a huge amount of innovation, he said.

In addition, he said, factors such as the language and legal system, which people tended to trust, had made Britain a more attractive destination for internet shoppers.

Mr Roper said that the findings struck a warning note for retailers who had not adapted to the internet. With nine times as many online consumers intending to increase their spending in 2006 than those who will increase their high-street spend, the impact of poorly co-ordinated web and retail channels could prove costly for retailers.

In terms of sectors, IMRG found that online sales of electrical products increased by 101 per cent last month, year on year, having hit its peak in December last year. Sales of clothing, footwear and accessories, which recorded a record high in November last year, were 33 per cent up in April, compared with the same time last year.

Amazon UK was the most-visited online retailer, the research found, closely followed by the website of Dell, the computer maker. Other British retailers to feature among the top ten included Tesco, the supermarket group, and Argos, the catalogue retailer.

Expedia, the travel agency, came top among travel e-retailers, closely followed by easyJet, the low-cost airline. Online travel retailers constituted the greatest proportion of the sales by sector.

Unloved by you lot but i do understand peoples fear of internet companies .

Ticking up nicely today and results out tomorrow and they should be good so should be due a small tick up tomorrow as well .

Good results but a bit of profit taking today,future growth prospects still look good.

30 June 2006

THEMUTUAL.NET PLC (the "Company")

PRELIMINARY RESULTS

themutual.net announces Preliminary Results for the year ended 30 April 2006.

Highlights:

* Turnover trebles from 3m to 9m

* Operating Profit before tax more than double, from 733,000 to 1.70m

* Exceptional Profit on sale of investment of 439,000

* After tax profits more than trebles from 489,000 to 1.54m

* Earnings per share nearly trebled, from 1.2p to 3.5p

* Cash in Bank 1.2m having spent 2.5m on acquisitions

Mark Smith, CEO said: "TMN's strong performance supports the fact that online
spend is growing rapidly but more importantly that we've adopted the right
strategy to capitalise on this growth. The success of our recent acquisitions,
integration and the recruitment of senior personnel have put us in the best
position to take advantage of the interest in marketing, research and retail
online. With a significant investment in marketing our products, a client list
which includes some of the most well-known brands in the UK and a strategic
focus on increasing our products and services, we look forward to the future
with confidence."

Contacts:

themutual.net plc Tel: 020 7440 9310

Mark Smith, Chief Executive

Peter Coveney, Finance Director

Notes to editors:

themutual.net plc specialises in online marketing. With access to millions of
consumers, it helps many of the UK's leading brands take advantage of the web's
transparency and cost-effectiveness to conduct marketing and research online.

Its 500+ clients include a number of agencies and direct clients such as Dennis
Publishing, MBNA, ASDA, Reuters, Microsoft, Dell, Dixons, Morgan Stanley,
Nestle and EMAP.

themutual.net plc's divisions are leaders in their fields and include:

* TMN Media which owns and manages some of the largest databases of email
addresses in the UK and operates the UK's most popular rewarded shopping
portal,

* EDR, the UK's primary dedicated email advertising agency,

* iD Factor which provides market research companies with online fieldwork
solutions, and

* Enterprise & IT which conceives and develops innovative commercial products
and solutions and exploits synergies across the group's databases and
technology platforms

Listed on AIM since 2000 and based in central London, TMN's turnover for
financial year ending April 30, 2006 was over 9 million and is forecast to
reach 16m by Broker Investec in financial year 2006-7.


www.tmnplc.com

The growth of online shopping looks like it will continue.


UK 'Europe's top online shopper'

Shoppers are increasingly happy to miss out on the High Street
The UK has become Europe's biggest online shopping market, overtaking Germany, research firm Mintel has said.
UK shoppers spent 9.79bn euros (6.7bn; $12.2bn) online in 2005, compared with 9.71bn euros in Germany, Mintel said.

Competition between internet providers has lowered the cost of fast broadband services, making it easier for consumers to shop online.

Total internet sales in Europe rose by 51% to 40.2bn euros in 2005. Mintel expects that figure to triple by 2010.

"Mintel is confident that online sales of goods will grow strongly over the next few years as this channel matures," said senior retail analyst Neil Mason.

Mintel said there was plenty of room for growth in online spending, with sales made over the internet making up 2% of total European retail sales.

Companies are expected to benefit as online security becomes tighter and consumers become more comfortable with shopping over the internet. Last month, search giant Google launched an online payments system which aims to compete with auction giant eBay.

Starting to move up again and should break clear of 70p in the run up to interim results which are due 7th Dec.


themutual.net says H1 in line; sees further mkt research ops growth in H2

LONDON (AFX) - Themutual.net PLC said its sees growth in its market research
division ID Factor to continue into the second half as it posted first half
group performance in line with its expectations.
The online direct marketing company said its online division TMN Media has
seen strong organic growth in the first half with significant further growth
potential within the current lists.
Themutual.net said revenue in its market research unit, ID Factor, has more
than doubled since its acquisition in Dec 2005, and further growth is expected
in the second half.
The company added its advertising agency is also growing ahead of its
expectations.
To better reflect the divisional structure, permission will be requested
from shareholders at the next AGM to change the company's name to TMN Group PLC.
Themutual.net plans to report interim results on Dec 7.
newsdesk@afxnews.com
tfn-ban-tsk/lam

Where have you been DB all the lads have been asking?.

Hi GF good to hear from you,i have really taken a back seat with share dealing.I have invested mainly in aim shares and although the footsie 100 and 250 have performed well aim shares have been a bit of a dog especially the ones i`m in !!
I suppose i`m disillusioned with the market at the moment as i don`t believe the small private investor gets to play on a level playing field.Hopefully my confidence in the market will return and i will be able to make some money for the family rather than lose it.
It has been a bit of decent start to the day with a couple of my shares going up namely VML and UNG.
Take care and hopefully speak to you again in the not to distant future.
DB66

Ticking up slowly but surely,results due Thursday.

bought in today...lots more merchants signed up,over 700 now.....Tesco has several sections

Nice to see someone else on this thread for a change.No fireworks before results but a nice gradual tick up again today.I`m sure as usual with most stocks this could fall back a little after results,time will tell.

Good set of results but still not being noticed for some reason?



Date: 07 December 2006

On behalf of: TMN Group plc ("TMN" or "the Company")

TMN Group plc

* Interim Results

The Board of TMN Group plc (AIM: TMN), the UK's premier online direct marketing
group, is pleased to announce its interim results for the six months ended 31
October 2006. The highlights are:

Financial

* Revenue up 350% to 8.0m (2005: 1.8m)

* Operating Profit up 190% to 1.4m (2005: 0.5m)

* Headline earnings per share up 185% to 2.4p (2005: 0.8p)

Operational

* Acquisitions of EDR and ID Factor now fully integrated

* Key client wins for EDR, in finance, automotive and retail sectors

* 41 supply partnership gains across the globe for ID Factor

* New technology and product launches, including new lead generation system

www.plum-offers.com


* Change of company name from themutual.net to TMN Group plc, to better
reflect the divisional structure of the group

Commenting on the results, Mark Smith, CEO said:

"Both the ongoing growth of the internet advertising market and the increased
usage by consumers of the internet are key drivers in our continuing success."

"We have experienced solid growth all round, very much in line with our
expectations, while we are equally delighted with the progress of our new
products, notably our lead generation technology, "Lead It", seen via

www.plum-offers.com."


"With further launches on the horizon along with continued strong growth for
our core divisions, we remain extremely upbeat about the prospects for the full
year."

- ends -

Tmn Transaction in Own Shares


TMN Group plc

7 December 2006

TMN Group plc ("the Company")

TMN Group plc announces that the 1,169,498 shares of 0.01p each in TMN Group
plc arising from fractional entitlements under the consolidation of the
Company's issued share capital have been purchased by the Company for
cancellation at a price of 73p per share.

Following the cancellation, TMN Group plc will have 49,732,694 ordinary shares
of 0.01p each in issue.

Enquiries:

Peter Coveney

Financial Director

020 7440 9312

should move up tomoro when the broker boys wake up

A nice 10% holding now


Tmn Holding(s) in Company


NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of listed company

TMN Group plc

2. Name of shareholder with a major interest

Merrill Lynch & Co., Inc

3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18

As above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Merrill Lynch & Co., Inc 2,042,900

BlackRock Inc. (an asset management company in which Merrill 2,880,882
Lynch & Co., Inc owns 49.8% of the common stock)
4,923,782
Aggregated total

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A

9. Class of security

Ordinary shares of 0.01p

10. Date of transaction

N/A

11. Date listed company informed

7 December 2006

12. Total holding following this notification

4,923,782

13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)

10%

14. Any additional information



15. Name of contact and telephone number for queries

Peter Coveney

020 7440 9310

Breaking out today to new highs.
I`m amazed at the lack of interest this gets given its performance over the last year?

yes people seem oblivious to this share...right little internet gem

Another financial institution taking a stake in TMN.


NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of listed company

TMN Group plc

2. Name of shareholder with a major interest

Man Financial Limited

3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial
interest; or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18

As above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Man Financial Limited 1,997,995

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

N/A

9. Class of security

Ordinary shares of 0.01p

10. Date of transaction

N/A

11. Date listed company informed

12 December 2006

12. Total holding following this notification

1,997,995

13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account
when calculating percentage)

4.02%

14. Any additional information

Happy New Year to anyone that reads this thread especially goldfinger who started this thread.
A very good start to the year! Going on fundementals i would of thought this is almost fully valued at present but you never can tell with stocks.