Consistent revenues - quarter after quarter -
Q-1 = $3,690,423
Q-2 = $3,390,891 ( very strong comparable - keep in mind 145 machines were side lined )
quarter over quarter, revenue consistency is definitely there.
it shows stength but more importantly - reinforces the fact, that pyd has superb placements, in quality casinos with strong revenues, quarter over quarter. Great revenues,
So, the company and its new consolodation - along with debentures paid and A&W members are all are jet set comfy - i'm happy for them... This revamping and restructuring - now places pyd in a position of much more free capital to invest.
NEGATIVES?
A ) 145 machines sitting for almost an entire quarter ?
B ) In Q-1 it states - installed base of 2500 machines.
Going forward - Q-1 ) 2500 + 230 (new contract) = 2730 machines should be in operation?
The recent Q-2 news states...Q-3 this fall... approx. 2600 machines will be in operation.
Does this indifference have anything to do with the 145 machines ?
C ) Accounting - predictable - truly benifits the company - who wouldn't want to claim depreciation, expemditures and acquisitions, every busines does. but - being this a listed company..... perhaps Q-3 will outshine Q-2 - how the accounting is categorized/columbed.
- OVER ALL PERFORMANCE -
The company has achieved all lthat it said it would, and is on course with its mandate to reach or exceed its $10 million EBITDA - goal.
QUESTION IS.... HOW MUCH FREED UP CAPITAL
Anyone know how much capital will be freed up to invest in other contracts? Given the recent restructuring - if ample capital - that right there is the key -. the ace card... If there's suffcient capital - then the next acquisition.... should turn the tides and set us free from the mid .70's moving us up .... We need such news, a new contract... aside of the new 230 placement.
Lets see what this conference call - reveals....
Maybe someone can ask... Where does pyd see themselves in the 3rd quarter?
How much capital is now freed up per month or per quarter?
Cheers !
Go, PYD TEAM...
P.S.
Perhaps, the next investment, will be a complimentry acquisition that balances the pyd portfolio. I would be happy with such news. Crossed fingers.