Another thing to add is they can't do huge VIP volume at the moment given constrained balance sheet. Can't afford too many big whales that can potentially win more than the amount the casino has. 9 million is really nothing for big player.
Also they repaid all their non vendor loan, the outstanding loan are vendor loans. The headroom is quite limited at 600 plus k.
Now with Aristo reopening to chinese markets. Scarce capital is spread even more between two casinos. I would expect they would lean on more mass market than VIP this year.
I would be quite happy if they can replenish balance sheet to a more healthy place with 20 million cash on hand and pay down debt over the next two years.
Full recovery maybe comes next year rather than this year.
Another thing to add is they can't do huge VIP volume at the...
Add DNA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
0.002(6.25%) |
Mkt cap ! $42.00M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.4¢ | $2.377K | 69.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90590 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 52400 | 3 |
View Market Depth
| Last trade - 15.20pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
3.4¢ |
Change
0.002 ( 6.25 %) |
||||
| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.4¢ | 27501 | ||
| Last updated 11.14am 14/06/2024 ? | |||||
| DNA (ASX) Chart |