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Seven Aces Limited - Ordinary Shares ACEXF

Seven Aces Ltd is a gaming company with a vision of building a diversified portfolio of gaming operations. The corporation looks to enhance shareholder value by growing organically and through acquisitions. Currently, the corporation is the route operator of skill-based gaming machines in the State of Georgia, United States of America.


GREY:ACEXF - Post by User

Comment by Indajungle1on Feb 28, 2019 8:10pm
100 Views
Post# 29426228

RE:bigger and bigger!

RE:bigger and bigger!What is actually nice, else than shares buyback, is the number of acquisitions possible in Georgia.

https://www.gacoam.com/API/Documents/Document?documentID=245  (Just Class B locations)

In their last presentation they said they own about 9% of market shares and that they would be around 24000 of these machines in Georgia ... so around 2000 terminals, each generating about 8100$ per Quarter (90$/ day X 90 Days) which would match their last financial statement 16,8M$ / 2000 machines = 8400$

As for today's news, the more the better indeed but 6 locations represents about 30 machines. At 100$US gain per day per machines, we get 270K$ per quarter which after location costs and Georgia taxes (50% + 10%) and Admin/depreciation costs isn't much (100K profit?).

That being said, their Expenses (Admin, Amortization and Debt) stagnate while revenues increase which is excellent... so they just need a few more acquisitions like these to start being profitable.


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