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Pollard Banknote Ltd T.PBL

Alternate Symbol(s):  PBKOF

Pollard Banknote Limited is a Canada-based provider of products and solutions to lottery and charitable gaming industries. It provides instant ticket products, licensed games, in-lane ticket options, and sales-driving merchandising solutions from its Schafer Retail Solutions + portfolio. It also offers a full suite of digital offerings, ranging from game apps to comprehensive player engagement and iLottery solutions, including marketing and management services. Its instant tickets and lottery products and services include SureTrack lottery management system, iLottery platform, eInstant game content, interactive digital gaming, including mkodo’s game apps and GeoLocs, PlayOn loyalty programs, retail management services, ScanACTIV, EasyVEND, and lottery ticket dispensers and play stations. It also provides pull-tab tickets, bingo paper, ticket vending machines, and its Diamond Game and Compliant Gaming electronic games and devices to charitable and other gaming markets in North America.


TSX:PBL - Post by User

Post by FormerHedgieon Jan 09, 2024 10:42am
143 Views
Post# 35817312

I agree, the Dec 29th re-org feels like preparation to sell

I agree, the Dec 29th re-org feels like preparation to sell

Is anyone a securities lawyer? I am very interested about the press release that Pollard issued on Dec 29, 2023 regarding the formation of new entity that seems to aggregate the Pollard Family's shares in the company and the announcement that part of its formation was that they would vote the same way as a group.

Given the recent stock movement as a result of heavier than average and persistent buying, even during negative days for the market, feels to me like someone may be getting ready to buy the business.

There are many large industry players that would make sense to purchase Pollard. However, I think the more likely buyer would be Private Equity. They are sitting on mountains of capital that needs to be deployed.  One of my primary attractions to buying this stock was that it is a very consistent business. Regardless of internet gaming and other existential threats, the revenues continue to grow. With two plants fully running, one in Canada and one in the US, they are better able to pivot with currency fluctuations which has, and will likely continue to, stabilize earnings.

I also believe surplus capacity still remains in both plants which would make this a more attractive target. As utilization improves, fix cost absorption will increase and will drive operating leverage / increased gross and net income.


 

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