I'm using your figures - and i have a few questions - in order to better understand their expenditures vs revenues and earnings - comparables from Q-3 to expectations of Q-4 -
my questions are highlighted in yellow - thanks -
- RIVER'S COMPULATIONS - Given the average machine count for Q3 was 1700
$2,540,548/1700/ 90 days = $16.60
Q4 is the second best performing quarter so these estimates are based on the worst quarter
$16.60 x 90 x 2500 = $3,735,000
Bingo Sales $527,068
Total revenue _______________
$4,262,068 US
Income from equity accounted investees $275,977 (aurora)
Bingo supplies (344,306) - WANGO how come this figure is not $527,068 - it it pure profit ?
Operating expenses (1,350,625) WANGO - is this figure quarterly - or a yearly -if yr - divide by 4?
General and admin expenses (1,606,610) WANGO - same question yearly or divide by 4 ?
Amortization of intangible assets (227,384)
Earnings from operations $1,009,120
Financing costs (771,334) WANGO - already accounted for in last Q - right ? Why include now ?
Foreign exchange loss ARTIFICAL (504,594) WANGO - was this not a one time cost - already accounted for - upon Integrity purchase? Can't be recurring - right - or ?
Loss before tax (Actual gain of $237,786) but accounting purposes loss of ($266,808)
I cannot express further that these estimates are based on numbers from the WORST quarter and if each machine were to make $2 more then the worst quarter we would see a earnings of $183,192. last year in Q4 pyd made $22 a machine that would make a gain of $1,083,192.
WANGO - I don't understand the $183,192 - figure - but the $22 per machine i agree with - that's what im hoping for but i dont understand your gain of $1,083,192 ? Would it not be far higher ?
-not to mention the legal fees and other non factored one time expenses.
-there is also the (cumulative translation differences attributable to owners of the company which was a gain of $499,782 - WANGO - I don't understand this ?
so factoring in the artifical loss $504,594 WANGO - was this figure already accounted for q3?
the $22 per machine $1,083,192 - WANGO - is this depreciation figures ?
Cumulative translation $499,782
RIVERFOLK Q4 estimate $2,087,568 WANGO - is this figure an earnings or a revenue ?
POSTED EARNING OF $1,582,974 US - If your figures are correct - not too conservative - what would be the EPS - based on this figure ? Do i multiply this figure by 4 - then what is done with he shares - to arrive at the EPS ? Sorry - to be so novice - i've forgotten how to get the EPS.... And my frigging calculator doesnt do hundred- millions - grrr - lol
Given the PDS loans of 4.5 million PYD could have paid off old integrity loans and saved a percent or two. remember any loan integrity had above 12% each percent would save PYD 45,000 annual. Also PYD has stated that they wont announce machine placements in small quantities, so if 10 machines here and there are added we would only know at earnings season.
do yourself a favor and look at the bottom of the page 31 of Q4 finances...............
look at the year 2018........................................
It is not that PYD isnt making money, in fact PYD is making alot of money, but in the first 2-3 years of the contract PYD is paying back all the financing. IN 2008 its all gone...... with the Q4 macy could easily seek a new debt financing deal and restructure on much better terms.
WANGO - I DO UNDERSTAND THIS PART - HENCE - I ALWAYS WANTED PYD TO STREAM THE COSTS OVER THE EXTENT OF THE 6.9 YEAR CONTRACTS - AND SHOW MORE PROFITS - THAN PAY OFF ALL FIRST - AGAIN BANKER STYLE AMATORIZATION - WHERE AS ITS ALL PAID OFF FIRST THAN STREAM ACROSS ENTIRE LENGTH OF CONTRACT - WHICH WOULD SHOW HIGHER EARNINGS.... Read more at https://www.stockhouse.com/companies/bullboard/bullboard/v.pyd/poydras-gaming-finance-corp#LQ0KqTdm6It66Qyb.99 - WANGO - my hopeful Q-4 guestimate - maybe be off - but hey... i can hope - lol $22 x 90 x 2500 = $4,950,000
Bingo Sales $527,068
Total revenue _______________
$5,477,068 US or $7,558,358.38 CDN
- less expenses -
figures would change based on - operating expenses - and what exactly is taken off the revenues - my questions above - essentially ask - have such expenses already been accounted for ? Such as usd cdn integrity translated costs ? If so - why account twice over ? So since they've been accounted for in prior Q-s why still include such costs ?
And since such costs have been accounted for - shouldn't this mean pyd will soon be in the clear ? Less expenses ... the one time expenses ? And lastly the operating expenses - are these figure quarterly expenses or annual - divide by 4 ? Also - perhaps Macy could stretch the expenses ot pay off contracts over the term - and increase the eranings over all - ?
Time will tell - I am wishful - and do hope they - at one point - change their slots to 2 cent plays - lol double the revenues ? ha ha - assuming their all - 1 cent plays - !
I know when i've gone to the casino - and its always packed - sometimes no one can find a slot to play - and when one does comes avail. the seat is taken immediately - so - i tend to think - if pyd has penny slots - would the public really care that much if its a 2 cent per play...
Look forward to your reply RIVER - you always deliver great indight with your post... I hope you can answer my question so i can better understand whats been accounted for in expenses (priorly) and if they are double accounted for ? And the operating costs are they - annual figures you supplied or are they quarterly ?
Cheers !
P.S.
I'm very pleased PYD has chosen the tech path - best of both worlds... slot and tech.
All the while - PYD is still trucking forward with slot machines but at the same time - wetting their toes within the tech industry - and i think that's a perfect plan for pyd to advance - and i'm hoping the Q-3 figures and their kickback in taxes will be set aside for earnout of Integrity - and the PDS 4.5 MILLION ALONG WITH Q-4 earning will be applied ot another superb advancement...
Its taken some time - but it appears pyd is about to make its gaming presence known....
GO - PYD ! P.S. JOE - good idea the other day- about share buyback - ive always been a hige fan of that- and i liked your added tid bit of - showing how the USD earnings would actually favor the CDN share buyback and place it at a far less cost..... Good idea.... but ten to 15 times the figure you stated.. .lol