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Bullboard - Stock Discussion Forum INNOVA GAMING GROUP INC T.IGG

"Innova Gaming Group Inc designs, develops, produces, markets and service games, systems and tickets for the North American gaming industry in the business to government lottery sector."

TSX:IGG - Post Discussion

View:
Post by retiredcf on Dec 26, 2015 1:29pm

Top Pick

As anticipated, once again he made IGG a top pick. GLTA

2015-12-23 TOP PICK James Hodgins

A new management team came in. This company has nothing to do with online gambling. They manufacture video lottery terminals that get put into bingo halls, and are now doing a trial to put them in bars in Missouri. In about 30% of the business bingo halls in Ontario, and that is growing every year. OLG loves this product. It derives traffic and keeps people there longer, and they spend more money on food/alcohol.


Price:
$1.620
Subject:
SMALL & MID-CAP
Bias:
UNKNOWN
Owned:
Yes
Comment by RockLobster1 on Dec 28, 2015 3:37am
thanks for the update... I think Canaccord still has a target of $5...
Comment by retiredcf on Dec 28, 2015 1:30pm
Here's the link and another version of his comments. GLTA https://www.bnn.ca/Video/player.aspx?vid=776171 Trades at 2x EBITDA with no debt and has been wrongly tarnished by its former association with Amaya, and Intertain by proxy. Innova has a new and experienced management team from Scientific Gaming and has nothing to do with online gaming. It is growing its Video Lottery Terminal ...more  
Comment by RockLobster1 on Dec 28, 2015 9:54pm
yes that's why I have been buying, it is rather hated due to the bad press on Amaya, tax loss selling, and being a thin trader....  assuming the business plan is working then $4-5 seems reasonable.
Comment by Sandrail on Jan 06, 2016 5:09pm
This guy does not know squat. Other than Rick Weil it is the exact same management team that was there before. The Breslo brothers, an in house council that went to school with one of the brothers. Top salesman same alumni as Breslo. Operations manager came from shuffle master and brought all his friends. this company is an incestual cesspool. It has never made money and never will. Diamond game ...more  
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