Aristocrat reported today with similar outlook statements to AGI, that is slow growth next year as replacement cycle slows etc etc, shares fell way down to $6.17 then they started going back up and are now way back over the start of the day, how is that?? AGI continues to fall on what now was not that bad of news, its just industry trends plus AGI has a growth strategy in place in the USA where they have low market share. AGI p/e about 12 ALL over 30 this doesn't make any sense and still holders continue to sell AGI down. The key to all this is the massive holding Len A has in the company and what his immediate plans are, this is the only explanation I can think of. There are probably large diverse companies out there who would love to take AGI over but how can they until Len A decides what he is going to do with his shares. More uncertain times ahead and volatile share price, on the downside I think but desperately hope not and that something happens to give the company a boost and get them back in favour with the market.
any thoughts on this current situation?
AGI Price at posting:
$2.39 Sentiment: Buy Disclosure: Held
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