I show it trades ex dividend tomorrow. GL2most
Reading the 10Q shows cash indicated at $8,581 million, and Accts. Receivable of $3,391 million, close enough to $11,972 million in liquidity upon collection of remaining A/R, which I recollect managament indicating should be collected in the near term. Company did indicate some interest in the remaining ongoing business, so it should be expected to be worth more than Zero. My thought is, just how much are those casino licenses worth, if any. The AGE servicing portion of the business supposedly can support itself, however, not the costs of being a public company.
---4th I believe was record date, means kinda nothing too me. I saw on one site where the payment date is Sept. 15, and ex date Sept16. Since tthis is a return of capital, instead of a cash 'dividend', there could possibly be a difference in how the payment and ex date are treated. Consider checking with your brokerage for more accurate details.
Looks like after they pay out the $.45, they will have about the same amount in liquid assets, plus the remaining AGE company. Do the casino licenses really have value to a prospective purchaser? Is the AGE portion of the business really of any value? Although in theory, the stock price should drop by the amount of the distribution, the remaining share value, IMO, should reflect north of the liquid assets, considering the company is capable of sustaining itself to a prospective purchaser, not including any costs of being a public company. GL2most.
Book could be as high as $1.215, with 9 mos. earnings of $.09 added to yr end 2014 provided book value of $1.125, and the short version update in the financials section has now been provided.
Revenues continue to climb, but quarterly profits did not seem to keep up. Although I did see their news post on their website, the financial section did not appear to have been updated. Even if it was, the stats are bare bones when provided. Audited 10K's type information has been removed. In any event, this company chooses to post very little dialogue on the continuing operations of the company, and certainly did not appear to wish to publish the reason(s) for the slide in earnings while increasing sales. Stock price has waned recently, in light of the increasing book value, which I guestimate at above $1.05. Too me, the attitude has become- minority shareholders have no reason to have anything divulged to them, they should feel lucky with the morsels they are given. This did not seem to be the current presidents mantra when taking over the operations, but, has since morphed into this mode, even though reporting has become a tad more regular relating to timing.. We all know who really runs this company, so, my take is that the marching orders are being given by Mr. Estes. BTW, the audited financials are a requirement of their bank credit line, but the reason for not divulging them to the public shareholders mystifies me. Maybe Harold does not want to see how much his loan to the company is finally being paid down, as well as a view of all the subsidiaries they have created.
Well, the reason I posted the way I did was beause on the conference call that is what I recollect Tony said. He mentioned that WGA accountants had to analyze just how much the company could pay out that way based on recent financials. Absolute confirmation should be verified with the company.
Remainder of company still looking for a buyer. Seems like those casino licenses are not attracting much interest. Not much info relating to the servicing of cash machines either or the additional (4)states licensing. Just a little more enhancement, I suppose, for trying to make company a tad more viable to any prospective lookers. Hard to believe with that much cash, they could not find a viable business to buy. Sounds kind of lazy too me. Might as well return some capital back to shareholders whereas, why try to sell cash to someone.
Well. with the limited amount of shares outstanding, the current products viability, the somewhat high cash balance as well as r&d funds already expensed for their upcoming new product, there could likely be a multitude of animal drug manufacturers showing an interest. Pfizer is one who walked off earlier, but most likely is very familiar with this companies prospects.
btw, I first purchased Vicon in February 2000, and have traded it back and forth ever since. My degree is in securities analysis, so if you think I just blow smoke at you, you are probably correct. There is a distinct difference between revenue and earnings, and the news release very distinctly states that the comparables are not of like items, since IQVision was not joined to Vicon fully in the third Quarter, so, for comparisons, they did break out some of the indvidual numbers. At this juncture, I only care that the stock performs on the upside. I try not to provide partial financial summaries in hopes of perfuming the statements actual indications. If you choose to post only the positives you see, and not the entire picture, that is your choice, but with the name straightforward, ???.
Yes. They were very specific on this on the last conference call. They had related that any inventory remaining / not sold was going to be returned. This came about, somewhat, IMO, with the purchase if IGT by one of WGA's suppliers( GTECH ), as well as the market having reached maturity, and no new States imminently getting into the VLT business. My statements need to be vetted, I do not vouch for the accuracy. On another issue, they made a profit this quarter, and have entered a new business of servicing money changing machines in casinos. Nothing has yet been said on a merger or acquistion.GL2All.
This was originally IPO'd by Stuart-James. After they folded, ICCC became sort of an 'orphan' stock for many years. Previous research 'funders' pulled away years ago, and ICCC has gone on about thier business on their own, and done a significant job of cleaning up their balance sheet, and maintaining cash balances. They have done recent R&D on their own, and now, are in a position to reap the rewatds. Unfortunately, there typically is a beast around the corner waiting to gobble up good deals, just as shareholders who have endured are about to reap the gold.
Change/money machine sales and service. Company has sat on their behind for long enough. Contrary to last few conference calls, no one has been identified yet as beating down the door to make WGA a significant offer. This process has gone on way too long without any shareholder updates. Does folding a new line of products into the business mean WGA will be content to go it alone, or is this a strategy to enhance the value of the company to a prospective buyer. WGA, how about some updated guidance, not just when you are somewhat forced to divulge a smidgeon of nonsense at your quarterly meetings.