@Valsrch You can't really anchor to any previous numbers. There are several new casinos on the Poipet Strip since DNA bought Star Vegas. In fact, one of them, which is similar in scope to Star Vegas, was built in part by the Vendor Star Vegas. In addition, a smaller existing casino next door to Star Vegas also owned by the Vendor will continue to operate. When the 100m number was reached neither of those casinos were operating in competition.
Numerous other casinos also exist, and I can imagine competition for players when borders open with be fierce. The Thai economy is also not good with the tourism industry on its knees for 2 yrs, player spend will be constrained. That being said, there is also the Vietnam casino and debt is quite low, and owed to the controlling shareholder that will presumably just allow the can to be kicked down the road if need be. However, whether he will want to underwrite another equity raising remains to be seen.
I'm not exactly sure what "robust" balance sheet means, but considering the properties appear to be still closed (thanks to Omicron), I imagine the company is running on fumes. Perhaps an additional loan or vendor underwritten small cap raising on the horizon?
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3.3¢ |
Change
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Mkt cap ! $40.76M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 3.2¢ | $25.71K | 774.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 90000 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 290078 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 80000 | 0.030 |
3 | 204516 | 0.029 |
1 | 125000 | 0.028 |
1 | 100000 | 0.027 |
1 | 20020 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 290078 | 2 |
0.035 | 256223 | 2 |
0.036 | 14000 | 1 |
0.039 | 226668 | 1 |
0.040 | 550000 | 1 |
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