AGI

4.55%

92.0¢ ainsworth game technology limited

Thanks for the update Bugis. Did management sound confident they...

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donnyk01

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16/11/16

11:24

Post #: 20653049
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Originally posted by bugis ↑

Well we attended the AGM and in summary I am no more informed now than before the meeting. Len is handing over to Graeme Campbell who is a good operator, Chief Technology guy is senior guy from Aristocrat and a Novomatic guy comes on to the board. Spoke to senior people after the meeting and they are very aware of the shorting of the stock and it frustrates them, they feel they are being rated just on the Aussie performance which is poor. Growth in USA and other places, like latin America very good and continuing, so medium to long term company is sound and growing. As for Novomatice's plans etc, no comment and I suggest they do not know, Danny's position may be under examination.
The downturn in OZ is due to the unexpected success of Aristocrat's lightning game, and that's it; no one expected it to be so successful most importantly aristocrat and it is interesting to know that they dont even own the game, so it was just luck, as it was for AGI quad shots etc a few years ago.
What will turn this company around, a killer new game or games, its that simply, and once again that is a lot of market research and dead set luck!! I expect the dividend to be under pressure in the near future.
The elephant in the room is Novomatic what will they do, we will continue to hold as the company is sound and growing but will be watching and in dialogue with board and management.

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Thanks for the update Bugis. Did management sound confident they will hit the 2h numbers? It seems from the last update everything rests on the America's who will bring home the numbers. Do they still hold and more importantly believe this view? Did they mention Trump and will he be good or bad for the company, industry or economy (US) in general?

AGI Price at posting: $1.77 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 92.0¢		Change 0.040(4.55%)		Mkt cap ! $309.8M

Open	High	Low	Value	Volume
88.0¢	92.5¢	88.0¢	$16.61K	18.43K

Buyers (Bids)

No.	Vol.	Price($)
1	1	91.0¢

Sellers (Offers)

Price($)	Vol.	No.
92.0¢	3780	1

View Market Depth

No.	Vol.	Price($)
1	14945	0.895
2	32487	0.870
1	8887	0.855
1	5882	0.850
1	1000	0.830

Price($)	Vol.	No.
0.930	1870	2
0.940	5577	1
0.950	2610	1
1.020	2499	1
1.035	6785	1

Last trade - 15.51pm 12/07/2024 (20 minute delay)

AGI (ASX) Chart

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Thanks for the update Bugis. Did management sound confident they...

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