Waiting on some positive news, page-39

Per AGM (17/11/2015) - CEO Danny G. is quoted as saying "...As a result of the decline in margins and increased investments, primarily in the Americas to drive growth, the reported pre-tax profit for half one of FY16 is expected to be similar to previous corresponding period..."

PBT H1FY13 $30.1M (Full Year $69.3M with $2.9M FX Gain)
PBT H1 FY14 $45.6M (Full Year $82.0M with $0.8M FX Gain)
PBT H1 FY15 $45.5M (Full Year $94.4M with $25.6 FX Gain)
PBT H1 FY16 $45.0M???

First half results lately have been a little too consistent for a company with a low recurring base. Maybe they "wash" everything up at full year-end!

My focus will be their cash position - it appears all gaming manufacturers have overstretched recently. Hopefully AGI knows better, but with the acquisition of NOVA and construction of new plant in US, they could be in same boat (with smaller recurring revenue base).