All the indicators are squeezing up tight as a drum.
Seems there's a buyer to soak up any shares offered in the low 30's
IMO the smart money is slowly accumulating at these levels.
I also noticed ALL issued a notice Friday that a substantial share holder has disposed of 8%+ at a discount to the last traded price. Has this holder seen the swing to AGI and started to take a position or abandonded the sector alltogether?
I have been reading the AGA Smatbrief emails recently and the Las Vegas stip has seen casios reopening, refurbished and the resumption of construction halted during the GFC.
The sector seems to be gaining traction, so long as we don't see GFC part 2 the overseas component of revenue could well see a healthy percentage increase this FY.
A break out is not a "if" but a "when" A catalyst being in all probability the August yearly results.
It would be great if the company could update the website's slot express news to keep the interest in the meantime.
Interesting 2 months ahead.
AGI Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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