Had a bit of a quick read of the Aristocrat results.
Quite impressive at the aggregate level, when you drill down land-based machines in ANZ grew by just over 2% not stellar but at least they are growing.
Most of the growth came from the new platform: Digital Social Gaming, the results were quite impressive. It seems to be making lots of money for them.
The forward-looking statement was quite positive, the gist of it being they expect to hold market share.
Reading between the lines, I sense, they do not see AGI making a material impact on their operations next year.
On a more positive note its good to see Allen Gray increasing their holdings. They obviously see some value.
Not sure when that value will be realized tho.
AGI Price at posting:
$1.26 Sentiment: Hold Disclosure: Held
