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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 lscfa on Feb 08, 2019 3:57pm

Undervalued

Messy financials and ebitda confuse people so look at cash flow and factor out some one time items...

Co. is cash flowing about $14 million/yr US or $18.62 mil Cdn
83 million shs => $0.22/sh cash flow
8x multiple => $1.79 share value.



 

$US

3 mo Nov

3 mo Aug

3 mo May

CFO 

3,957,676

5,149,866

3,983,208

Less minority int

-1,438,020

-2,114,741

-2,417,087

Net

2,519,656

3,035,125

1,566,121

Acquistion costs

927,688

355,898

-156,420

Adj. net

3,447,344

3,391,023

1,409,701

Comment by lscfa on Feb 14, 2019 10:39am
Integrity Gaming taken out at 44% to market price. Market does not understand these gaming stocks.        
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