BUY RECOMMENDATIONS
Ainsworth Game Technology (AGI)
The gaming machine company delivered revenue of $124.1 million for the six months ending December 31, 2022. Revenue was up 23.4 per cent on the prior corresponding period. Underlying profit before tax, adjusted for currency impacts and significant one off items outside ordinary business activities, was up 8.8 per cent to $18.8 million. In my view, the company offers a brighter outlook. Technically, a move above $1.14 would attract more buyers. The shares were trading at $1.052 on March 2.
AGI Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
