TSXV:NYX.DB - Post by User
Comment by
SunsetGrillon May 06, 2017 1:51pm
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Post# 26212558
RE:Here are some recent NYX Gaming Group Ltd. analyst reports
RE:Here are some recent NYX Gaming Group Ltd. analyst reportsAs I have reallly looked into the earning rpt, conf. call and the latest analyst coverage (thanks again 989) one thing is now painfully obvious going forward. EBITDA of 40% is now a pipedream (if it ever was achievable). Now we have been told to expect 30% as the roof. This puts a huge dent in their ability to pay the debt efficiently.
What really pisses me off is that this expectation has been lowered from 40% to 30% in less than a quarter. That my friend is bad management - how do you not see a 10% drop coming in less than 90 days. Ill tell you; your dumb or you are not paying attention to your bussiness. Now are only hope is growth and lots of it. It use to be growth and growing efficiencies.
I am long and will remain (for now) as this is still very cheap (but the steet is not stupid) and this is why it is hanging at a buck, they knew and we did not. Yet more bamboo under my finger nails at the hand of Matt Davey. This cant continue. I want to believe in him and they are loading up on stock but man i am losing faith in him. Q1 should help in seeing if i hang on. If Q1 shows any promise i will give the company another yr.
Some encouraging signs for growth, sportsbooking to keep exploding, and now a healthy diversification of income, and more countries/states to become regulated. But this is painful. Im almost ready to cash out and move this portion over to Jackpot joy as that seems to be turning around and technically looks like it is ready to move. (cash flow cow also) But i already own it ,and dont wanna throw everything into one pot (in this part of an overall balanced portfolio)
But this is also the time to invest in companies when it seems like a bad decision, and no one else is interested. May buy more after Q1 if revenues over 61 mill.