- Joined
- 27 December 2010
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- 48
It's something to consider that's for sure. My partner turned down a very good offer from ALL on ethical grounds..
Would anyone not invest in this stop due to the nature of its business? A la ethical investing
Would anyone not invest in this stop due to the nature of its business? A la ethical investing
I wouldn't invest in them because of what they do.
+1. Happily shorted them today though.
Are any of the TA guys following AGI at the moment? If so, what are your thoughts? Are we seeing a technical rebound?
DJ CLSA Mulls Ainsworth's
Slot machine maker Ainsworth Game Technology (AGI.AU) has
headroom for an acquisition of up to A$450 million, says CLSA, which initiates coverage
of the stock at buy with a A$3.23/share price target. A deal funded by cash and debt is
among options for Ainsworth's board, who might otherwise look at a share buyback or
increase in dividends. The broker says Ainsworth has around A$70 million cash that could
be deployed, equivalent to 23 cents per share. Increasing the dividend payout ratio from
55% to as much as 80% would deliver a 7% yield in FY16 and FY17. Alternatively, spending
A$60 million on buying back stock would boost EPS by 4% in FY16 and 6% in FY17, the
broker says. CLSA likes Ainsworth's growth potential in the U.S., which could offset
flat earnings in Australia over the next three years. "Continued expansion into
North America--the world's largest slot market--should be enough to drive overall
net profit growth of at least 5% post-FY15," says analyst David Fabris. AGI last
Possibly ...the daily ,weekly and monthly swings are up presently, although the price is still following a down trend ...I would be waiting for further confirmation that the downtrend has completed , again all depends how much risk you are willing to take at this stage in my opinion. I have attached the chart as well that may help.
I am still short it, but would have closed it today had I been watching a little more closely. Maybe that will turn out to have been lucky!
... I am still short it, but would have closed it today had I been watching a little more closely. Maybe that will turn out to have been lucky!
Are you still short AGI, Notting?
... Good news from crown should help the sector...
Personally, I wouldn't buy this stock for anything that CWN may or may not do in the foreseeable future. What will move AGI is what happens in the US and Asia.
That's not the reason it was bought. It basically looks like is going to go up now!
It is promising money maker in general.
I hope I don't get any dividends though. I will have to donate them to some charity because I wouldn't want to profit out of what it does.
Price movements, in my mind have nothing to do with, the company.
... Price movements, in my mind have nothing to do with, the company.
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