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2.7¢ donaco international limited

Ann: Quarterly Activities Report, page-11

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JoeGambler

7,474 Posts.

2175

06/02/23

16:22

Post #: 66100018
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Originally posted by rogermht: ↑

Another thing to add is they can't do huge VIP volume at the moment given constrained balance sheet. Can't afford too many big whales that can potentially win more than the amount the casino has. 9 million is really nothing for big player.

Also they repaid all their non vendor loan, the outstanding loan are vendor loans. The headroom is quite limited at 600 plus k.

Now with Aristo reopening to chinese markets. Scarce capital is spread even more between two casinos. I would expect they would lean on more mass market than VIP this year.

I would be quite happy if they can replenish balance sheet to a more healthy place with 20 million cash on hand and pay down debt over the next two years.

Full recovery maybe comes next year rather than this year.

Expand

They were happy to accept over 100m in turnover in Q1, only to see that collapse over 90% in Q2. VIP is any player associated with a junket or on some kind of rebate deal with the casino for bringing a certain amount. Its not that big of a hurdle to be VIP in Poipet.

DNA Price at posting: 5.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.7¢		Change 0.000(0.00%)		Mkt cap ! $33.35M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.7¢	$3.382K	125.2K

Buyers (Bids)

No.	Vol.	Price($)
6	435983	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	124757	1

View Market Depth

No.	Vol.	Price($)
6	435983	0.026
1	20000	0.025
1	320000	0.024
1	100000	0.021
1	357142	0.018

Price($)	Vol.	No.
0.027	124757	1
0.028	118554	2
0.029	106963	2
0.030	381409	4
0.032	500000	1

Last trade - 14.25pm 18/11/2024 (20 minute delay)

DNA (ASX) Chart