Another announcement from AGI, new GM in international business (is the old CEO of Pacific Gaming). What does this new management mean for AGI?? I have followed this stock for 12months+. Even before then, it was highly rated by the now disgraced Rene Rivkin. Though disgraced now, I would say that the Rivkin Report was a stronger tipsheet WITH then WITHOUT this flamboyant but sharp stocktrader.
It was rated as having huge upside back when it was at the $1 mark. Due to some disappointing results overseas, it has floundered over the last year, going into the red. With the balance sheets going back into profit, appointment of a well regarded new GM, and of course, the genius of Lens Ainsworth (who else do you think is behind the Aristocrat Company ALL and look at the rise and rising recovery of ALL now)....
Hmmm...one can only think...if it was rated as having huge potential at $1 back then, and the company is back on track, I wonder if this is a junior ALL in the making?? 76c now certainly looks cheap if you draw this comparison to the ALL graph and also see where AGI came from 1 yr+ ago!
******************************************* ASX Release 25 August 2004 Ainsworth Game Technology Announces Appointment of Peter Walford Ainsworth Game Technology Limited (ASX Code: AGI) today announced the appointment of Mr Peter Walford, former Executive Director of Pacific Gaming, in the role of General Manager, International Business Development. In this role, Mr Walford will oversee a number of important strategic developments in AGT’s growing international business. Mr Len Ainsworth said “Peter brings considerable expertise in the gaming industry, both domestically and internationally and will further enhance management expertise for our ongoing global expansion”. AGT released its full year results on 17 August 2004 showing a maiden profit of $2.1 million and will hold its Annual General Meeting on 16 November, 2004 at Rydges Parramatta. Ends For more information please contact: Len Ainsworth Executive Chairman Ainsworth Gaming Technology Ltd Telephone: (02) 9739 8000
AGI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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