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Bullboard - Stock Discussion Forum 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 Discussion

View:
Post by Wonderwon on Jan 30, 2017 5:35pm

Interim FS

Well, they are released.
So, a net loss - not surprising.
What is interesting - they generate $1.5mm in rev but still can't generate any cash from operations? How is this possible? Lucky Bucks was awash in cashflow apparently. Say they paid 1mm in professional fees to get the deal done, they still don't have positive cash flow.
What is leftover for shareholders?  How do you make the shareprice move to 50 cents for instance? That would be a 100mm market cap..ten times top line?  25 times potential earnings?
Quantum only paid, what, 2 times top line for the 51% stake...that means Quantum would need $50mm in revenue from its stake to get ot a 50 cent share price.  Those are pie in the sky numbers as the scaling of the business is limited due to state laws and there is no differentiaion between the company's offering the VLTs.  They are all regulated.
One might ask, why not grow through acquisiton?  More dilution

it's a tough one, maybe they will run the price up, but I think it is a penny game.
Comment by JamJam123 on Jan 30, 2017 5:50pm
i Go to page 11 in md&a to see segment base cashflow.. Net income from LBI was1.1 million
Comment by Wonderwon on Jan 30, 2017 6:19pm
Segments dont matter anymore.  The stock trading is based on company as a whole.  You can't buy the shares without taking the baggage from past deals that linger
Comment by JamJam123 on Jan 30, 2017 6:32pm
you do know that this financial has one month LBI income... Read seadee 2.4 million cost is also reagarding acqusition ... Not all one time cost are same even though previous q has 1.5 cost does not mean you can make it fixed cost... I know they are trying to get rid of previous business... Company came with tons of baggage and will take time to clean house... All i was looking lbi is working and ...more  
Comment by baccanal on Jan 30, 2017 7:22pm
Will add more in the morning for mid term. My average is .075
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