RE:RE:RE:RE:RE:RE:How Much is Gamehost Worth Today?This obscurity is likely the big reason why we are where we are.
Ordinary investors are not like you or TLV or some others here because you are both (along with others here) more sophisticated than most. As proof I simply cite posts below.
So here we are. Thinly traded, small float, closely held...IMO the ONLY thing that moves the needle materially will be news of a dividend increase, news of an acquition, or news of a sale. Any other movement is, I believe, simply a mismatch of supply demand on a day to day basis...you can see that behaviour in intra day trades. Often multiple dimes apart.
It is also dangerous to analyze based on your own position, as someone noted.
I am here because I wanted a well run company (sound management) , with a wide moat (gaming license) with steady, reliable, dependable cash flow. I did not look at some of the numbers that should probably be important determining factors (ROA...a favourite of TLV) for example.
I am here because with all that, my money is returning me 5%.....with prospects of a dividend increase on the horizon.
Totally small scale and selfish..I did not consider the price of oil...not because it does not matter, just that I have to take that as a market given and the price will continually move up and down. I have no control. So it may be a "bell weather" , but it is all background "noise"
In all that roiling and commotion, I can only pick the best stock I can for my purposes.
malx1 wrote: Gents,
During my short time taking care of other people's money, I may have placed close to 5% of shares outstanding in various household and corporate investment holdings.
What I can assure you of today:
There are hordes of investors who would jump at this opportunity in front of us right now.
If GH were to pay .72/yr, that is a conservative 66% forward payout ratio, there's plenty left to buy shares and continue to pay down some debt.
At .72/yr, we land at about 8.4% cash yield on today's price.
8.4% is an incredible dividend yield when you consider the lack of risk attached to it.
While I've often joked that GH is the Alberta-linked GIC for conservative investors seeking income and some capital appreciation, it really does show many similarities.
For many reasons already mentioned, nobody knows about it.
Canadian stock markets are very inefficient.
GH is an obscure stock.
I like obscure.
If we had a reason to list on the NASDAQ, maybe a nice $100mm USD share offering coupled with a $100mm line of credit to raise capital for a deal, then you'd see a different side of Gamehost.
Then we go elephant hunting in BC.
Just thinking out loud.