Seven Aces Limited - Ordinary Shares ACEXF

RE:RE:RE:RE:RE:Target $0.275 - $0.55

[lscfa]

Lucky Bucks audited financials are on sedar:

Lucky Bucks $US (audited)	2015	2014
Revenue	10,046,600	4,176,142
Depreciation	387,598	206,961
General and administrative	535,383	374,208
Interest expense	53,188	62,754
Occupancy costs	34,381	40,557
Professional fees	19,775	18,510
Salaries and wages	500,495	198,821
Total expenses	1,530,820	901,811
Net income	8,515,780	3,274,331

 
Note: no income taxes because all net income distributed to shareholders

JamJam123 wrote:

lscfa wrote: I did not forget...I took total QIC costs and backed out nonrecurring advisory fees to get to $2 mil per year in expenses which include SSG

Wonderwon wrote: You forgot to include the costs of Southern Star Gaming in your analysis.  These are costs directly related to operating the gaming division in the US.

 

this price is insane... very good post Lscfa... they will make ton of money going forward... specially with new acusition overhead cost would not change that muxh once they refinace in a cheaper rate in a year they will be even more profitable... wonderwon i see all you do is bash qic... good for you... market will wake up one day till than we have to take the pain