RE:RE:Auspicious Trading during Market Selloff - better days aheadkasking wrote: malx1 wrote:
Unusual transactions outside of TSX for Gamehost shares.
Always enjoy seeing share price strength during broad market selloff.
Means new investors are scratching to get on board. Some of them may be Americans. Good sign.
Maybe others have finally realized that the company is positioning itself to double its dividend.
In the quiet times I tend to worry that it's Kasking's winnings keeping a lid on the share price.
Shrug it off. People have located the Gibraltar of Canada's gaming industry.
Like your thinking Malx & Nuke...re- the dividend, Malx suggesting maybe a double
& Nike all for a increase, remember a few months ago when you called the present divy
predicting 3 cents, good call....
As far as Kaskings winnings go, no way, no winnings, I don't play
Something that "could" delay a dividend hike, and something to keep in mind if markets get choppy:
You never know when a large shareholder wants to exit.
If we had a full market meltdown, say from anticipated prolonged consumer slump, then GH may get some opportunities to buy back blocks of shares. If that were to happen, say they spend $4mm on 500k more shares, then we would have a longer wait for dividend hikes as the surplus cash is used to knock down debt.
2023 looks good. Alberta looks good.
Markets will do what they do, and we will watch the NCIB and debt levels for clues as to when the Kasking may start to receive $0.06/mo.
My guess is Q3 2023. That's being conservative.