AGI - Ainsworth Game Technology
- Thread starter dj_ajay
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Came out with a fantastic result today.
However, looked to do a bit of a double top and finished weakly.
Volume nothing to write home about but would want to be a bit cautious at this juncture I reckon.
Upside down head and shoulders possibly forming.
However, looked to do a bit of a double top and finished weakly.
Volume nothing to write home about but would want to be a bit cautious at this juncture I reckon.
Upside down head and shoulders possibly forming.
Yes I agree,
I took a small amount off the table. I still feel it has a way to go and the driver will be the US.
That's 2 consecutive years where the US segment is up 100% on the PCP
Time will tell and we will get a better idea when they update us on the first quarter at the AGM.
I'm happy to hold the rest of my stock which is about 90% of my original purchase.
I took a small amount off the table. I still feel it has a way to go and the driver will be the US.
That's 2 consecutive years where the US segment is up 100% on the PCP
Time will tell and we will get a better idea when they update us on the first quarter at the AGM.
I'm happy to hold the rest of my stock which is about 90% of my original purchase.
Great news with the entry into the asx300. This should increase the institutional interest as the instos can now offer products with AGI included.
Congrats to all the long term holders.
We have 2 weeks to go until inclusion then we should see better volumes. Once the company addresses the free market float issue and we increase liquidity then imho $3 is not out of the question short term.
All good
Congrats to all the long term holders.
We have 2 weeks to go until inclusion then we should see better volumes. Once the company addresses the free market float issue and we increase liquidity then imho $3 is not out of the question short term.
All good
It's got me buggered. He only had 100k. He has another 250k that are the options vested from Len's holdings. If he needed the coin I would have thought it would be better to sell it out of those.
The part I don't understand is he left 5k, why not sell the whole 100k? I spoke to the wife about it and the only thing she could come up with is maybe he wants to buy a house in Vegas hence only selling an amount to raise the coin he needed.
I guess we'll never know. One things for sure it put a big dent in my portfolio today.
The part I don't understand is he left 5k, why not sell the whole 100k? I spoke to the wife about it and the only thing she could come up with is maybe he wants to buy a house in Vegas hence only selling an amount to raise the coin he needed.
I guess we'll never know. One things for sure it put a big dent in my portfolio today.
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Perhaps he's going to buy ALL, then AGI will take that over to get easy access to all the licences.
Will do a better job at running that than the current yobs.
Will do a better job at running that than the current yobs.
Morning all,
Re Danny's share sale, the price dropped on Friday on low volume. If there was anything sinister behind the sale I feel we would have seen a much larger drop ( say 20% ).
As far as him revealing why he sold I doubt we'll find that out.
He was very bullish on the growth prospects in this interview.
http://yogonet.com/english/2012/06/...lieve-our-growth-will-be-a-natural-occurrence
The stock has outperformed the market year to date and we can expect profit taking. The pullbacks seem even more dramatic when we're continually achieving record highs and record profits.
All things considered the growth prospects look intact and if Asia starts to fire I dare say the forecasts will be conservative.
From the Fin today
http://www.afr.com/Page/Uuid/870a106e-fb11-11e1-aa50-5d7cc39aface
And a little more analysis.
http://www.macroaxis.com/invest/market/AGI.AX--Ainsworth_Game_Technology_Ltd
Nothing to worry about IMHO. I was a buyer on Friday.
Re Danny's share sale, the price dropped on Friday on low volume. If there was anything sinister behind the sale I feel we would have seen a much larger drop ( say 20% ).
As far as him revealing why he sold I doubt we'll find that out.
He was very bullish on the growth prospects in this interview.
http://yogonet.com/english/2012/06/...lieve-our-growth-will-be-a-natural-occurrence
The stock has outperformed the market year to date and we can expect profit taking. The pullbacks seem even more dramatic when we're continually achieving record highs and record profits.
All things considered the growth prospects look intact and if Asia starts to fire I dare say the forecasts will be conservative.
From the Fin today
http://www.afr.com/Page/Uuid/870a106e-fb11-11e1-aa50-5d7cc39aface
And a little more analysis.
http://www.macroaxis.com/invest/market/AGI.AX--Ainsworth_Game_Technology_Ltd
Nothing to worry about IMHO. I was a buyer on Friday.
Nice rally over the past few days.
Guidance up another 25% for H1.
With the announcement of a maiden dividend IMO it could push through $3
I'm feeling very safe with current management at the helm. Now if we can see that pesky AUD drop a little we should see a benefit coming from US earnings which will drive the SP further.
Opinions??
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My weekly system seems to like it again, another run like the last one would be excellent.
(click to expand)
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This company, for me, raises some moral dilemmas. Would it be considered ethical to invest in a company that makes its money, one could argue, almost directly from peoples misery? Perhaps a topic more for the general chat section. Many argue these gaming systems are mathematically and psychologically designed to keep people on the hook for as long possible..
http://www.psychology.org.au/publications/inpsych/2010/december/gambling/#s2
http://www.psychology.org.au/publications/inpsych/2010/december/gambling/#s2
I think you did well John. IMHO that price is a safe entry. The company stated in the chairman's address they are looking to start dividends this FY. This should drive the SP as it will change the stock from a pure capital play to include a income stream for investors.
If the US uptake of the A560 slant is a success, imo. the next two years will see considerable growth.
That entry is looking even better today John. We've broken through the rolling year high and the market depth has finally turned in favor of the buyers.
424k shares shorted on Friday, reduced to 141k Monday. It was worth a punt on their part however IMO over the past 4 trading sessions we have seen strong accumulation thus putting the squeeze on the shorts.
It's going to be a very interesting close today.
424k shares shorted on Friday, reduced to 141k Monday. It was worth a punt on their part however IMO over the past 4 trading sessions we have seen strong accumulation thus putting the squeeze on the shorts.
It's going to be a very interesting close today.
yes, price still at strength, if it reaches 3 sometime in the next few trading sessions id be delighted, i know v little about how to value stocks, if a dividend does eventuate next year any ball park guess as to how much per share it might be ???
I'm hoping in the 3-4c range for a interim and the same for a final, however I'm only going on projected figures from analysts the likes of Reuters.
We'll just have to see what the board comes up with. One thing for sure it looks like the company will be in a very strong cash position after the H1 results are in.
ALL IMHO
Hit another rolling year high
Hit a 4th rolling year high this month albeit on light volume. It's going to be interesting next week when the masses return.
Here's a great article with some similarities to ALL in their heyday.
Plenty to come IMHO
http://www.eurekareport.com.au/article/2012/11/14/value-investing/gambling-ainsworth-jackpot
Hit a 4th rolling year high this month albeit on light volume. It's going to be interesting next week when the masses return.
Here's a great article with some similarities to ALL in their heyday.
Plenty to come IMHO
http://www.eurekareport.com.au/article/2012/11/14/value-investing/gambling-ainsworth-jackpot
Nice write up in the Bull this morning
http://www.thebull.com.au/articles/a/34419-7-gaming-stocks-that-beat-the-odds-in-2012.html
http://www.thebull.com.au/articles/a/34419-7-gaming-stocks-that-beat-the-odds-in-2012.html
