AGI 4.55% 92.0¢ ainsworth game technology limited

News: AGI Ainsworth Game Technology expects H12017 pre-tax profit to be approximately $15 mln, page-7

  1. 231 Posts.
    disappointing update ... the further decline in domestic sales is not my concern ..

    1. trading update at FY16 presentation 7 weeks into 17 all is as expected. 10 weeks later (today) 30% drop in domestic sales expected in 1H 17. 9 weeks left for 1H 17 and now they are certain of 30% drop???
    2. 2H forecast very vague ... significant growth  on PCP ?? define significant... 5/10/15/20/30+ %
    3. i dont usually look at trade depth... however with the recent down trend I watched at the open and noted a sell for 140k shares @ $2... unusual for a stock whose daily volume is 500k on avg without announcements.... I noted a post stating shorts increased recently... this alludes to the leaking of information
    4. Management needs to explain points 1 and 2 and if not justifiable should move on... Point 3 needs to be investigated
    5. Im confident in the longer term future of the company... the domestic decline (dragging on longer than I expected)  will be insignificant to the international growth in the coming years. Domestic market basically replacements...
    6. Shareholders will need to be more patient as frustrating as it is...
    7. im quite surprised the SP did not drop further than the 20% spike down... I guess the recent sell off priced it in??? currently 10% down
 
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