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INTL LOTT & TOTL SYS Message Board

  • chi134431 chi134431 Nov 6, 2012 1:01 PM Flag

    PATIENCE.................eventually the co will take it up.............they refuse to sell their patents on Voting

    machines..................and users won't buy the whole co.... so leases pay the bills ..................LOTTO ON LINE is their ACE .... [ CALIF , AR, NM ,}..............earnings above 60 cents should get us to $3 ......next yr if not SOONER ....imo

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    • Speaking of patience, I believe Berjaya is approaching their 20 year anniversary with ITSI. They started by purchasing $35.3m of ITSI in 1993, and then bought $5.2m more of ITSI in 1999. I don't think Berjaya cares much about their cost average, since they make about $200m in profit a year, but I think it averages to $4.38 for each of their 9,245,317 ITSI shares. But still, after all this time their $40.5m investment in ITSI is now worth less than $3.5m, a loss of $37m.

      I am hoping ITSI releases quarterly results by Friday this week (12-14-2012) and not wait until next week Monday. I am curious to see what the current backlog number is so we can gauge how big the Swedish contract that they announced in October was. (I hope they don't neglect to mention backlog when they report results, that would be quite bogus). And it would be nice to see some of the "current assets" converting to cash.

    • do you have any sense of what their international strategy is?