NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

RE:RE:RE:TSX listing coming soon

[stocksnbonds]

Call me optomistic but I really do feel the price will reflect the underlying value in NYX going forward. The recent two quarterly results have shown NYX to have turned the profitability corner. I still dislike the fact that the firm has over 1200 employees and masks it in their PRs (by saying 1000+)but the firm is finally on the right path in terms of profitability. It will take a couple quarters longer to get where we had hoped it would be in November. My take is that this is truly a buying opportunity. I've purchased all the way down to the recent lows. Not sure if I will dip in again. My time horizon from my initial buy was 5 years. That was the Feb after the IPO. 

If the firm was not profitable and costs were not contained, I would have sold this past quarter. I was harping on the cost issue back in November as most know. Some were quite angry with my opinion. We cannot "Will" a stock to move up but I can guarantee you that the true value will come when others see what we see. I see a cash cow moving forward. 

NYX is a premier online igaming provider. It has expanded into other areas including B&M casinos. It has two main drivers i.e. OB and casino games. Both will do very very well. If you have a longer term time horizon, these prices will look quite good in a couple of years. If you plan on trading, I have no advice except to say, this may go a tad lower in the summer months. One saving grace is that Davey did say in the last CC that he does not expect a marked dip in revenues throughout the summer months. The summer is usually a slower season for B2C gaming firms. This bodes very well for NYX in its final year numbers relative to last year. 

Just my 2 cents

sb