You are making the classic mistake so many other investors have made with this stock. This stock will never have a P/E similar or even close to lvs or MPEL for a variety of reasons. Even the longterm bulls on this now understand why this is.
You should also familiarize yourself with why the Macau growth numbers you are citing, have little to no impact on this company. The people IKGH does business with aren't the ones that will come to Macau because of a new bridge or the likes of.
This client base is high end and has special travelling accomodations arranged for them. It sounds like you want to invest in MPEL or LVS and see this as a "cheaper" option to do so. Might I suggest you look at WYNN Macau ? It seems to cater to what you think IKGH actually does. WYNMF is the ticker.
Congrats to anyone that timed a quick trade on this, that's a nice hit.
But again, Management continues to go about things in a manner that keeps this stock from investible.
Did they loosen credit? Did they just get lucky? How can we know if this is a sustainable trend?
I can only imagine what the pumpers are saying on their "new board"
hagen is spot on with his analysis. No stock can go straight down, these occasional positive bits of data will come now and then. But don't get too excited, this company produced this same result and better, back before they over paid dearly for two companies they purchased.
It was a substantial improvement. Management should have stated what the increase was attributable to.
As for saying "doesn't get much better then that" - That is false, it used to be better then that every single month, even before they bought the two other junkets.
Why don't you just buy NLY then?
It's better then IKGH on every metric you have put forward, most importantly it's cheaper and pays a much higher dividend.
I think you just don't realize what happened. You probably missed tuesdays session!
Did you know it was probably IKGH most bearish close yet?
The stock was up 10% most of the day on on 4x's avg volume, and it ended up closing up just 2 cents, and giving that all back?
Look for yourself, the price hasn't moved a penny in the last 4 sessions and we have see the largest 4 day volume every since it was iKGH.
Ouch, you shouldn't have ignored me. I am just the guy who has been right about this one for years, even calling the secondary in the face of managments direct lies!
So we have seen massive volume for several days on IKGH recently.
This is a thinly traded stock, so to have that kind of volume and not have the price surge, clearly there is a coordinated effort by the market makers to help someone get out of this stock.
Sure, you could argue that this means the price is going up, but it doesn't appear to be the case, since the price has not increased during this high volume surge.
GOOD LITTLE LEMMINGS.... They Followed DR JACK with UNPRECEDENTED LOSSES IN IKGH - NOW THEY FOLLOW HIM TO A NEW BOARD!!!
Now those of us that held jackoff accountable for his awful projections on earnings (actually losses) can listen to his garbage unchecked!
I set out over 2 years ago to save people from this guy! Many of you have thanked me and many of you avoided what are seemingly unfathomable losses during this historic bull run.
The dirty truth revealed here. Interesting enough, they overpaid for acquisitions and the RCT declined! WOW!
Don't forget, management even made the bonehead decision to leave the Venetian for fewer tables at Sands. Why would they do this? Sands clientele is the type with the surging commissions and Venetian was the sweet spot in the middle tier.
Then they dump a MASSIVE dillutive offering, and use smoke and mirror tactics, but the market isn't fooled. Why didn't they just pay off the loan with the cash on hand?
Instead, they sold the very same shares for $3.00 ($2.70 net if you factor offering costs) that they paid $3.5-$4.00 for?
Buy high sell low? #$%$?
How bad can one management team be?
So we all know I nailed this one last time. I don't think it's a matter of IF they will do another dillutive offering, it's only a question of when?
Why do I say this?
They have registered another 500,000,000 shares. They are doing a listing by introduction, so they will need shares to be able to introduce to the HK market.
The hong kong market is much different then the US market. Investors there would think IKGH price of $2.50 is very expensive, and would prefer to buy shares for .50 cents.
The offering would be a "bust" if it even gets approved.
Do a little bit of research on your own, and check how many shares they recently registered, even though they already had millions more previously approved and ready to go.
Just my opinion, but we know I've nailed this stock for years!
********This is why I don't blame IKGH management for the pathetic price. THEY DISCLOSED THEIR INTENTIONS! ANY ONE WHO SEES THIS AND STILL HOLDS THE STOCK... SHAME ON YOu!!!
Don't forget, Drjack is Bain's patsy! Pumping this trash and placing wildly unjustified price targets on the stock and buy ratings!
Don't forget, Dr jack said the earnings for this year would be $3.00 per share, while everybody and their brother knew this companies whole business model was collapsing.
Dr jack has 5 admitted aliases (who knows how many more). He can control the stream of information at this new private site he's creating. He's running from his disgraced past, and looking for new suckers! He already hooked poor martin and massey. Toast talks to jacks other aliases all the time, so he's been in on the scam for some time!
I set out over 2 years ago to save innocent posters from DRJACK! I have saved many, and many of you have thanked me, but obviously I couldn't save everyone.
This way DRJackoff can run from his past. HIde from years of shame and misguided information. Like every good con man does when he's been exposed, he closes up shop and re invents himself!
This seems to be a hot topic with a lot of confusion. Certain posters have resorted to a new level of desperation, creating a "no brainer" buy scenario for IKGH.
I keep hearing these outrageous claims of over $3.00 per share in cash. Ok, but that should come with an * and explanation that the shareholders don't have any claim to a large majority of that.
IKGH carries millions in debt (check their filing) and a lot of their capital actually is spoken for (owed to companies that they overpaid for) or lent to them to provide their clients credit.
*Most buyouts have junkets are done for shares, not cash like IKGH's bonehead moves.
Of course there is the dirty word (VIE structure) that you have to consider as well. We have seen how these entities handle themselves when things go south.
With management owning the bulk of the shares, you have to understand that no one (legitimate investors) looks at this company and says, wow $3.00 in cash, what a deal.
WOW, I remember the bagholders saying the name change would be good, since it was more chinese. This is about the same time they started saying the Chinese would pay more for this stock then it's worth also.
I wonder how much this stock is down since the secondary offering. Of course I was all over that saying the price would tank, they didn't believe me then either.
The group of long term bagholders have me on ignore, because it's too painful to have me remind them of their mistakes.
Again you have to understand that these other junkets being acquired, are being bought for far cheaper then IKGH already trades.
So you could easily make the argument that IKGH is too expensive to be a take over candidate. Plus most of these acquisitions are being done with STOCK not cash, and are locked up for some time.
So this management teams interests are different then yours.