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Entertainment Gaming Asia Inc. Message Board

  • pofiteer pofiteer Mar 11, 2013 4:09 AM Flag

    Interesting Facts for Long Investors

    Going thru financial report and transcript:
    1. Debt end of 2011 $6.20M, debt end of 2012 is $0
    2. Balance sheet cash end of 2011 $12.8M, cash end of 2012 $10.4M
    3. Pailin $1.3M/ 4th qtr revenu, normalize to around $5.2M in new revenue for 2013
    4. Company spent half of the $7.5M cost for Poipet, expected to spend remaining $3-4M in 1st 2013.

    That is about ($0.24/eps), 6.2 - 2.4 + 3.5, spent on paying debt and investing. After Q1, we should start seeing net income start to increase.

    Sentiment: Strong Buy

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    • Very strong balance sheet and company executing well. 2013 write off will damper Gaap earnings, but adjusted earnings should continue to grow nicely

      Sentiment: Strong Buy

    • Pailin 1.3 without marketing ramp & without junkets in place. C says another 1 - 2 qtr before we see normalized revs. Thus am expecting significantly higher number than 5.2. ?? is what will the EXPENSE run rate be. Crabbe tried to get an answer in the Q&A without definitive response.
      Poipet contribution should have much shorter ramp up.

      • 1 Reply to corticalchatter
      • Pailin looks like a winning project. I see it like a Naga in the making. $1.3M divided by 78 tables and slots divided by 90 days = $185/day. Great numbers! There is room for expansion, junkets, vips. If I project 200 table and slots 1 year from now at $185/day, that would be $3.33M per qtr which is 60% of 4th qtr 2012 revenueof $5.8M.

        Sentiment: Strong Buy

1.89-0.01(-0.53%)Jul 29 3:59 PMEDT