In what world is just unjustifiable (unless it is the MM that is squeezing EGT for profit)
Float: 4.43 M shares
Traded Shares: 4,501
Percentage of Float Churned: (.102 rounded UP)
Change in PPS: 15.31%
I will take the gain gladly, but I have no confidince that it will stick. We need sustained growth over time based upon regular increases in (or at least consistant) revenue and bottom-line profits if we are going to crawl out of this hole and stay out of it.
+ .18 ( 8.26%) on 11,000 share traded.
String 9 more days like that together back-to-back; EGTwill be bumping up against 4 bucks and we will get some attention.from the market with EGT ID'd as a stock with strong upward momentum.
That is only 2 grand a day. A tax rounding error for MELCO.
follow Ihub and profit, No way the isuckettes would be scamming us.
You have to believe in Ihub.
But unfortunately, he got fired on June 1.
How far below 2 do you think that EGT will fall?
2015Q2 ends in less than 2 weeks. Q1 is typically a big Q because of Chinese New Year, and it was a bust for EGT. Next earnings call is not until August and we will be in quiet period related to Q2 earnings.
A 2.00 PPS is = 12.5 cents pre R/S and when EGT was that low, it was before the Dreamland casino and Slot halls that are currently in operation.
We have an aging EGM and cabinet inventory that will eventually need to be upgraded or replaced
Competitors, both large and small are entering the SE Asia Market and will be jockeying for the NagaWorld contract in early March 2016
As other posters have noted, volume is horrible and swings the PPS up/down on less than a thousand (or hundreds) share trades.
Chung is silent. No new announce contracts. No new announced chip sales of any size. No announced road shows from IR to promote investment. No analyst coverage (and associated Institutional activity).
I realize the inherent negativity of the facts in this post (thumbs down welcome from fact deniers), but as a counter-balance , I would LOVE to hear some POSITIVE FACTS related to EGT in its current position other than the tired old "We are debt free and have X millions in the bank" chatter. Those are transitional statuses and will certainly be eroded over time if EGT does not develop any new revenue streams: new EGM revenue sharing contracts, new Dreamland Casino, new Chip contracts...SOMETHING/ANYTHING that makes the market think that this is a viable and active player in the SE Asia small casino market and not just a dying branch on the MELCO tree.
So come on cheerleaders. Post some FACTUAL positive info. It would be a nice improvement to the recent content on the EGT message board.
Like Nero, Chung plays the fiddle and IR dogs sleep at his feet while EGT burns to the ground. There is so little daily volume, 163 traded shares moved EGT down over 6% today. EGT investments are trapped and sentenced to death by Chinese water torture.
Today's one-day volume of 55,720 shares is MORE share volume than EGT's combined trading volume from 5/21/2015 - 6/10/2015.
Yup. Only 55,400 shares traded over the previous 14 trading days...and one of those days (6/9/2015) there were 0 trades... ZERO!
Reality is SO much more bizarre than fiction.
Thumbs down losers Please tell us the reverse split adjusted price of EGT since Isukatstocks began promoting it.
I got 4 for saying Ithug sucks at stock promotion
Better to give a thumbs down than admit the truth.
To those thumbing down, can you tell us what the reverse split adjust price of EGT is? Not just this one but since Ithug took over promoting this woof?
I love the thumbs down. Thank you Ostrich Investor, whoever you are. Your hole in the sand awaits you. I guess there is no place in some people's world for honest verifiable facts. This poorly researched attempt at iHUB hype inspired only 2,566 shares traded today which is about 1/3 of the current average daily shares traded. Again another fact.
Looking at SE Asia boutique casino operator Donaco's (DNA.AX) robust and well organized IR communications, it makes me sad to think of what EGT COULD have been had it only had a better operational management team. Chung is good, probably very good, but he has surrounded himself with mediocrity (and that is being generous) and so we continue to reap the deaf ear of wall street that EGT has sowed with its IR silence and poor growth choices - the sole exception being Nagaworld which was the pearl casino of the entire country of Cambodia. Seeing the poor choices since EGT acquired the Nagaworld contract, getting that deal may have been a happy accident. We will see if they can gold on to their last straw of hope when the contract come up for renewal in February 2016.
Bring on the Thumbs!
Guess you didn't read the Donnaco Revised Investor Presentation documentation on the Donaco website (see p.12 and p.23):
"The vendor of Star Vegas will manage the property for two years post completion of the aquisition
Donaco will appoint a CFO for Star vegas and will have full oversight of operations
Vendor will not be paid the usual fees for management services which are typically based upon a flat monthly fee plus a share of revenue. However, if the property reaches target of US $60m EBIDTA per year, vendor will be paid 25% of NPAT as a Management Fee
Vendor has agreed to provide a non-compete with Star Vegas"
Based on this info, the answer to your question seems to be, "No",.
Although teh vendor for Stat Vegas was not specified, International Gaming Asia identified other revenue share operators in Cambodia (ie EGT Competition)
Silver Heritage (which also operated machines in NagaWorld)
Malysia's Waz Lian Group
Manufacturer/Distribitor RGB International
Cambodia's Golden Tree
Australia's Info Pacific Gaming
These competitors are ALL going to be making a play for NagaWorld when the contract comes up for renewal soon. If EGT does not win Naga for another 5-7 year contract term, it will get squeezed out of Cambodia (and out of business) because the other properties cannot sustain EGT.
Australia listed Donaco International likes the picture enough to pay $360 million for Star Vegas, widely recognized as the best casino in Poipet. Star Vegas has 109 tables and 1,264 gaming machines on its vast casino floor that can easily accommodate twice the number of tables with a couple hundred more machines. The property also has 385 hotel room s that aren’t the best in town, but, more crucial for Poipet, its own water supply, electricity generators and fire engine.
The experience of another foreign listed company in the Cambodia border casino segment offers a cautionary tale. In 2012, NASDAQ listed Entertainment Gaming Asia, a subsidiary of Lawrence Ho’s Melco International, opened Dreamworld Pailin in a border casino cluster about two hours south of Poipet, closer to Thailand’s prosperous eastern seaboard. The casino operated at a loss, and EGA, previously known as Elixir Gaming Technologies, wrote down its $2.5 million capital cost in 2013 and sold it for $500,000 last year.
Sentiment: Strong Buy
Australia's Donaco International Bets $360 Mln On Cambodia Border Casino For Thai Gamblers
Sentiment: Strong Buy
Stock goes down, Ithug and his suckettes are conspicuous by their absence.
Anyone who bought in on this hype again deserves to lose their shirt.
You have been had by a conn artist again.
Why are you and your sukettes so quiet?
Big talkers when the stock goes up a penny but when it drops 15%, you shut up.
Where I come from that only happens with scam artists.
Does the shoe fit?