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AGI - Ainsworth Game Technology

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dj_ajay

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AGI

Pokie market is growing, especially O/S. Aristrocrat is playing the field well but watch Ainsworth gaming group (AGI Chairman - founder of Aristrocrat) start making the moves!!
Tell us if you have shares in a pokie company or the leisure industry. :2twocents
 
AGI is 0.730 thats up 16.13 today and yesterday was up 11%.. They have just announced a new gaming licence (lots of activity prior to this announcement) I would suggest another announcement will be forth coming as they are trying to break into new markets !!? Another us licence.. ??
 
Been Holding Agi for some time now. average of 28c or so..

should be a good future investment @ the current 17c..
 
They have managed to turn the company around after about 15years of hell, survived only with the support of the billionaire founder.
But really!!!
They lift their own illiquid stock with multiple buy backs, then do a capital raising?? OMG:eek:
Should be illegal!
Still think it could be a great buy once it corrects savagely.
 
notting said:
They have managed to turn the company around after about 15years of hell, survived only with the support of the billionaire founder.
But really!!!
They lift their own illiquid stock with multiple buy backs, then do a capital raising?? OMG:eek:
Should be illegal!
Still think it could be a great buy once it corrects savagely.
Click to expand...

This is a one man show company :)

There is no way in its current capacity can do much damage to ALL or do anything great....

As soon as Ainsworth get AGI to pay back all his loan and retire it will be the end of this stock...
 
ROE said:
This is a one man show company :)

There is no way in its current capacity can do much damage to ALL or do anything great....

As soon as Ainsworth get AGI to pay back all his loan and retire it will be the end of this stock...
Click to expand...

Well you might want to revisit that thought there matey. They are killing it in the domestic market and haven't met their demise as you have forecast. In fact they are on the cusp of record profits, a maidend dividend, have the CEO working 6 days a week in Nevada because it so busy, have 26 million in the bank, Have raised another 44 million @ $1.47 @ share 7 million of which is earmarked for expansion, have just produced a record first half profit, are looking at a record yearly profit. Have most of the note holders converting which will add another 17 mill to the bank account. Total at hand in the bank looks like being 60 mill+ at 30 June 2012. Doesn't look like a company ready to go out the back door to me .
 
Looks to be on a bit of a runner this week.

Cash position is very nice. Chart too. Depth just tipped into buyers > sellers this hour.
 
Gringotts Bank said:
Looks to be on a bit of a runner this week.

Cash position is very nice. Chart too. Depth just tipped into buyers > sellers this hour.
Click to expand...

IMHO Gringoots you will see what a runner on the roids looks like when they release their yearly results.

This company has some real depth to the board. The likes of Danny Gladstone and Mark Ludski. People with years of experience in the game. Mark was CFO at aristocrat. Danny has 30 years in the game, these guys know what the opposition is doing before they do.

I noticed Aristicrat has appointed Dr Ian Blackburn to the board. He was the MD at Caltex, 25 years experience refining crude and the like, I can't figure that one out.
 
The market maker making his presence felt.

I'd like to put an order in for 1439 shares and see if his bot explodes.

He owns the whole thing up to 10 levels of depth, both sides, is my guess.
 

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Definitely some tree shaking going on, This stock doesn't have a big following other than the recent institutional interest. The instos are in complete control as they are with most companies. A dividend will change the way it's viewed imo and when the company can sort the free market float out and the stock can move into the asx200 then it's off to the races.

What I can tell you (and this is fact) is the fund managers and instos are very keen to get some action as seen by the recent cap raising. 3x oversubscribed and bedded down in one day at a price of $1.47. That's in light of the SP being sub 50c a year before.

Have you noticed the pattern over the last month? Drive it down and see if any nervous nellies put a sell in and then snap them up. I've tried a few different strategies over the last few months. I've put buy orders in and the bots just kept putting orders in front of me a half cent or 1 cent. As i moved the order up the bot would keep that gap in front. When I put in a sell recently it was smashed in no time.

Accumulation ATM, there's no hurry to exit (even on down days) on their part as they know full well the potential that lies within.

Still huge potential even at these prices. All imho
 
hosh said:
Definitely some tree shaking going on, This stock doesn't have a big following other than the recent institutional interest. The instos are in complete control as they are with most companies. A dividend will change the way it's viewed imo and when the company can sort the free market float out and the stock can move into the asx200 then it's off to the races.

What I can tell you (and this is fact) is the fund managers and instos are very keen to get some action as seen by the recent cap raising. 3x oversubscribed and bedded down in one day at a price of $1.47. That's in light of the SP being sub 50c a year before.

Have you noticed the pattern over the last month? Drive it down and see if any nervous nellies put a sell in and then snap them up. I've tried a few different strategies over the last few months. I've put buy orders in and the bots just kept putting orders in front of me a half cent or 1 cent. As i moved the order up the bot would keep that gap in front. When I put in a sell recently it was smashed in no time.

Accumulation ATM, there's no hurry to exit (even on down days) on their part as they know full well the potential that lies within.

Still huge potential even at these prices. All imho
Click to expand...

Yes it looks fairly safe, thanks hosh.
 
Nice full page article in the smh over the weekend.

Here's a link that refers to the company. Looks like we are really starting to put runs on the board in the US.

http://www.casinocitytimes.com/article/michael-jackson-comes-to-the-rescue-of-slot-makers-61137

Also a article in the fin review last week.

Ainsworth (AGI)

This small-cap company has flown largely under the radar, but the stock has climbed steadily since January, and has a one-year return of more than 450 per cent.

Both Macquarie Group and Bank of America Merrill Lynch have given Ainsworth an “outperform” and “buy” recommendation, respectively, and say its focus on the US market is one of the pillars for growth.

Evans says what it really comes down to is the player experience, which has given Ainsworth an advantage over some other gaming companies.

“It’s all about bums on seats and how many coins and notes you can put into a machine, because that’s the huge revenue spinner for pubs and clubs,” he says.

“If you can prove, based on your data, that your machine can do a certain amount over a certain time period, then that is what [buyers] are looking for.”

Ainsworth’s continued earnings certainty really depends on how well the company can penetrate the US market, Mr Evans says. But he cautions against being overly optimistic, because at the end of the day, a gaming machine company is really at the mercy of the buyer.
 
2 weeks out from the yearly and were up 14% in 3 days. It's looking like this year might well and truly eclipse last years results. Further to that the recent increase in the sp seems to indicate the punters are factoring in a big fy 12-13.

I have been a long term holder and believer in the company. Are there any other holders on this forum that have a opinion regarding the stellar performance this year?

I would like to hear your views.:)
 
I can't remember a turn around like this one.
It's insane but not insane.
I'v been watching it from 8c in the GFC.
Simply unbelievable.
Even after all that it's trading with EPS of around 11.3 now that it's an earner.
So you can't really even say it's overvalued and certainly has a future.
Len Ainsworth is truely a legend!
 
My wife said I was mad when i started to accumulate under 20c. She's got a different opinion now lol.
 

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